IndusInd Bank Saarthi Business Card – Benefits, Fees & Eligibility

IndusInd Bank Saarthi Business Card

The IndusInd Bank Saarthi Business Card is designed as a comprehensive business companion, helping to elevate your business operations. It enables you to support employees, consolidate all business expenses, and centralize payment methods for decluttered financial management. The card brings transparency, visibility, and control to your business finances, minimizing reconciliation efforts and facilitating the systematic segregation of personal and business expenses for better tax compliance. Beyond expense management, the Saarthi Business Card also secures and safeguards your business with complimentary insurance against fire, theft, and burglary. Additionally, cardholders can enjoy a range of rewards, including accelerated points on international transactions and complimentary domestic lounge access.

Welcome Benefits

• Enjoy a Vouchagram voucher worth Rs. 2,500.
• These vouchers are redeemable at multiple brands like Pantaloons, Bata, Raymond, and Hush Puppies. The list of brands is subject to change at the discretion of the Bank & Vouchagram.
• Welcome benefits are applicable subject to the payment of joining fees.

Fees

• Joining Fee:
  • Rs. 2,500 + GST.
  • Waiver on joining fee is applicable on spends of Rs. 2 lakhs within 90 days of card setup.
• Renewal Fee:
  • Rs. 1,499 + GST.
  • Annual fee waiver is applicable on spends of more than Rs. 1 lakh in the previous year.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 3.5% of the total transaction amount.
• Interest Rates: 2.49% per month.
• Fuel Surcharge Waiver:
  • A 1% fuel surcharge waiver is applicable across all petrol pumps in India.
  • The waiver applies to transactions between ₹ 500 to ₹ 10,000 only.
  • The waiver is subject to a minimum transaction value of Rs. 10.
  • The service tax levied on fuel surcharge (if any) will not be waived and will need to be borne by the Cardholder.
  • IndusInd Bank reserves the right to impose a cap on the maximum value or number of fuel transactions permitted in a month.
• Cash Advance Charges: 2.5% of the amount.

Rewards

• General Spends: Earn 1 Reward Point for every Rs 100 spent.
• International Transactions: Earn 2 Reward Points for every international transaction of Rs. 100.
• Utility Bill Payments: Receive 500 Reward Points when you make 6 utility bill payments within the first 6 months of card setup.
• Early Payment Benefit: Get 50 Reward Points as an early payment benefit.
• Dining: Enjoy a 100% dining discount up to Rs. 250 with EazyDiner.
• Domestic Lounge Access:
  • Receive 2 complimentary airport lounge accesses per quarter in India.
  • Access at the lounge is granted upon successful authorization of the Visa card on electronic terminals.
  • An authorization for Rs. 2 will be taken for validation purposes only and will not be charged to the cardholder’s account.
  • Eligible cardholders will get access to the lounge and food & beverages as per the agreement between Visa and the lounge.
  • The program is applicable for cardholders carrying a valid Visa card issued in India, with only one entry permitted per cardholder.
  • Access to the lounge will be available on a first-come, first-served basis.
• Insurance Benefits:
  • Complimentary business insurance up to Rs. 3 Lakh.
  • Travel insurance up to Rs. 1 Lakh.
  • Provides security for your business from fire, theft, and burglary.
• Visa Offers:
  • Access a host of benefits across categories such as apparel, travel, entertainment, and lifestyle.
  • Cardholders need to specifically ask the Visa partner for the offer to avail the same.
  • Offers under the Visa Program cannot be clubbed with any other offer, scheme, or promotion extended by partners.

Rewards Redemption Guide

• Reward Points earned on the IndusInd Bank Saarthi Business Card can be redeemed at IndusMoments for various options including vouchers, Air Miles, and products.

Card Review

The IndusInd Bank Saarthi Business Card stands out as a highly beneficial credit card for businessmen, offering a comprehensive suite of features tailored for corporate and business needs. A significant advantage of this card is its competitive interest rate of 2.49% per month, which is notably lower than many other credit cards on the market.

Pros:

• Provides valuable business insurance coverage up to Rs. 3 Lakh, including protection against fire, theft, and burglary, a distinct benefit not commonly found with personal credit cards.
• Includes complimentary domestic airport lounge access (2 per quarter), ensuring convenience and comfort during business travels within the country.

Cons:

• Being on the Visa network, the card cannot be directly linked to UPI for seamless digital payments in India.
• While domestic lounge access is provided, there is no complimentary access to international lounges.

Overall, the IndusInd Bank Saarthi Business Card is an excellent tool for managing business finances, offering a blend of strong security features, rewarding benefits, and low borrowing costs, making it a valuable asset for transforming business dealings.

Important Product Details

• Interest-Free Period: Offers an interest-free period of up to 45 days.
• Contactless Payments: The card supports contactless payments, with a maximum limit of Rs. 5,000 per transaction and up to 5 such transactions allowed per day.
• Low Interest Rate: Features a lower interest rate of 2.49% per month.
• Reward Points Structure: Earn 1 Reward Point for every Rs. 100 spent on domestic transactions and 2 Reward Points for every Rs. 100 spent on international transactions.
• Domestic Lounge Access: Includes 2 domestic lounge accesses per quarter, providing travel convenience.
• Business Insurance: Comes with complimentary business insurance up to Rs. 3 Lakh and travel insurance up to Rs. 1 Lakh, securing the business from risks like fire, theft, and burglary.
• Expense Management: Facilitates the segregation of personal and business expenses for systematic management and enhanced tax compliance.
• Payment Centralization: Allows for the consolidation of all business expenses and centralizes the payment method for efficiency.
• Financial Control: Offers increased transparency, visibility, and control over business finances, along with minimal reconciliation efforts.

Other Details

• For any further queries, clarifications, or to apply for an IndusInd Bank Business Card, you can reach out via:
  • E-Mail: corporate.cards@indusind.com
  • Phone Banking: Call the 24*7 Customer Service officials on the toll-free number 1860 267 7777.
• General Terms & Conditions:
  • The benefits under the IndusInd Bank Visa Contactless Business Card Program are offered by IndusInd Bank or its business associates on a 'best efforts basis'.
  • IndusInd Bank does not underwrite or warrant the services performed by air carriers or other goods/services providers associated with the Program.
  • Any disputes regarding the delivery, service, quality, or performance of products/services under the Program must be addressed in writing directly to the associated service providers.
  • Any participation or availing of benefits by a Cardholder is purely voluntary.
  • IndusInd Bank and its respective business associates reserve the right to change the Terms & Conditions of the Program at any time without prior notice.
  • These Terms & Conditions should be read in conjunction with the Cardholder’s Agreement and IndusInd Bank’s Terms & Conditions governing the usage of the Card.
• Important documents such as the Most Important Terms & Conditions, Cardholders' Agreement, Code of Bank's Commitment to Customers, Benefit Guide, and Key Facts Sheet are available for download on the IndusInd Bank website.
• Visa, its subsidiaries, affiliates, member banks, and their respective subsidiaries or affiliates (collectively "Promoters") assume no responsibility for the products or services offered at participating lounges. Products and services are sold, licensed, or provided solely by the Service Provider.