IndusInd Bank Vrddhi Business Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Vrddhi Business Card is specifically designed to support and provide stability to businesses by helping them manage professional credit spends efficiently. This Visa Infinite card offers curated benefits on business purchases across retail and dining platforms, alongside unmatched reward benefits, travel perks like complimentary lounge access, a low foreign currency markup, and competitive interest rates. Cardholders earn 2 Reward Points for every Rs. 100 spent domestically and 4 Reward Points for every Rs. 100 spent internationally, consolidating business expenses while increasing spending capacity with an interest-free credit period.

Welcome Benefits

• Enjoy Vouchagram vouchers worth Rs. 10,000 from popular brands such as Pantaloons, Bata, Raymond, Hush Puppies, PVR, Sleepwell, and more.
• Welcome benefits are applicable subject to the payment of joining fees.
• Cardholders must contact the bank to claim the welcome gift vouchers within 120 days of paying the joining fees.
• The e-voucher will be valid for a period of six months.
• Receive 3 complimentary airport lounge accesses per quarter.
• Benefit from a 100% dining discount of up to Rs. 250 with EazyDiner.
• For welcome gift voucher related queries, contact the bank at 1860 267 7777 or via email at corporate.cards@indusind.com.

Fees

• Joining Fee: Rs. 10,000 + GST.
  • Waiver on Joining Fee: Achieved on spends of Rs. 4 lakhs within 90 days of card setup.
• Renewal Fee: Rs. 4,999 + GST.
  • Annual Fee Waiver: Achieved on spends of more than Rs. 1 lakh in the previous year.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 1.89% of the total transaction amount.
• Interest Rates:
  • Monthly: 1.99%
  • Yearly: 23.88%
• Fuel Surcharge: 1% waiver on fuel transactions.
  • The waiver is applicable on transactions between ₹ 500 to ₹ 10,000 only.
  • The waiver is applicable across all petrol pumps in India.
  • The waiver can be availed only when payment is made through the IndusInd Bank Visa Contactless Business Card.
  • The bank reserves the right to impose a cap on the maximum value or number of fuel transactions permitted in a month.
  • Service tax levied on fuel surcharge (if any) will not be waived and needs to be borne by the cardholder.
• Cash Advance Charges: Not applicable.

Rewards

• Reward Points Earning:
  • Earn 2 Reward Points for every Rs. 100 spent domestically.
  • Earn 4 Reward Points for every Rs. 100 spent on international transactions.
  • Receive 1,000 Reward Points on making six utility bill payments within the first six months of card setup.
  • Get 100 Reward Points for making early credit card bill payments.
• Lounge Access:
  • Enjoy 3 complimentary domestic airport lounge accesses per quarter (a total of 12 visits in a year).
  • International Lounge Access: Not applicable.
• Dining Benefits:
  • Receive a 100% dining discount of up to Rs. 250 with EazyDiner.
• Lifestyle & Entertainment:
  • The Visa Infinite card offers a host of benefits across categories such as apparel, travel, entertainment, and lifestyle.
• Golf Benefits: Not applicable.
• Insurance Benefits:
  • Travel and Business Insurance are included for additional safety.

  • Travel Insurance

    • Domestic Coverage:
      • Medical Expenses - Accidents Only: Sum Insured of INR 1,00,000
      • Accidental Death - (Common Carrier Only): Sum Insured of INR 1,00,000
    • International Coverage:
      • Medical Expenses - Accidents Only: Sum Insured of US $1,250
      • Accidental Death - (Common Carrier Only): Sum Insured of US $1,250

  • Business Insurance

    • Coverage:
      • Burglary (Contents Including Stocks): Sum Insured of 3,00,000
      • BSUS (Contents Including Stocks): Sum Insured of 3,00,000

Rewards Redemption Guide

• Reward Points can be redeemed at IndusMoments.

Card Review

The IndusInd Bank Vrddhi Business Card is a comprehensive offering tailored for business-related expenses. While the joining fee of Rs. 10,000 is relatively high, the generous welcome benefits, robust reward points system, and valuable perks such as complimentary lounge access and comprehensive insurance coverage make it a compelling choice for business users. The card stands out with its low monthly interest rate of 1.99% and free lounge access. It is particularly beneficial for those who can take advantage of the fee waivers; for instance, the annual fee can be waived on spends of Rs. 1 lakh, and the initial joining fee can be waived on spends of Rs. 4 lakh within 90 days. However, a drawback is the lack of specific golf or movie benefits associated directly with this card. Applicants should align their spending patterns and business needs with the card's benefits to maximize its value.

Important Product Details

• Low monthly interest rate of 1.99%.
• Earn 2 Reward Points for every Rs. 100 spent domestically.
• Earn 4 Reward Points for every Rs. 100 spent on international transactions.
• 1% fuel surcharge waiver on transactions between ₹ 500 to ₹ 10,000.
• Joining fee waiver on spends of Rs. 4 lakhs within 90 days of card setup.
• Annual fee waiver on spends of more than Rs. 1 lakh in the previous year.
• 3 complimentary domestic airport lounge accesses per quarter.
• Vouchers worth Rs. 10,000 as welcome benefits.
• 100% dining discount up to Rs. 250 with EazyDiner.
• Includes Travel and Business Insurance benefits.
• No specific golf or movie benefits.
• Joining fee of Rs. 10,000 + GST is relatively high.

Other Details

• How to Apply:
  • You can apply for the Vrddhi Business Credit Card both online and offline.
  • Visit your nearest IndusInd Bank branch to apply offline.
  • To apply online:
    • Click on the "Apply Now" button (if available on the bank's website).
    • You will be redirected to IndusInd Bank’s website.
    • Fill in your particulars and submit your application.
    • The bank will process your application, and you will be notified upon approval.
• Contact Information:
  • For any further queries, clarifications, or to apply for an IndusInd Bank Business Card:
    • E-Mail: corporate.cards@indusind.com
    • Phone Banking: Call 24x7 Customer Service officials on the toll-free number 1860 267 7777.
• General Terms & Conditions:
  • The benefits 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 and holds no liability for any defects, deficiencies, delays, or personal injury.
  • The benefits are applicable to persons holding an active IndusInd Bank Visa Contactless Business Card issued in India.
  • Cardholders must exercise due diligence in understanding specific terms applicable to benefits.
  • Any disputes regarding delivery, service, quality, or performance of products/services must be addressed directly to the associated service providers.
  • Participation/availing of benefits by cardholders is purely voluntary.
  • IndusInd Bank and its 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 card usage.
• Visa Program Offers (General):
  • Offers are provided by Visa on a best efforts basis.
  • Open to cardholders with valid Visa cards issued in India, making a minimum purchase from Partners.
  • Cardholders must specifically request the Visa partner for the offer to avail it.
  • Offers cannot be clubbed with any other offer, scheme, or promotion extended by Program Partners.
  • Third-party purchases/bookings will not be entertained for offers.
  • Rates for goods & services are subject to service charges and applicable Government taxes.
  • Offers may be subject to other restrictions by law.
  • Any dispute arising out of or in connection with this Program shall be subject to the exclusive jurisdiction of the courts in Bangalore only.
• Domestic Airport Lounge Access (Visa Terms):
  • The program is applicable in select Lounges in India, via Visa’s service providers.
  • Access is subject to cardholder level limits for lounge accesses.
  • Access at the lounge is granted upon successful authorization of the Visa card on electronic terminals (an authorization for ₹ 2/- will be taken for validation only and not charged).
  • Eligible cardholders receive access to the lounge, food & beverages as per the agreement between Visa and the lounge.
  • For an applicable list of lounges, visit www.Visa.com. The list may change.
  • The program can be modified, amended, changed, or revoked by Visa without prior intimation.
  • Access to the lounge is available on a first-come, first-served basis.
  • Promoters (Visa, its subsidiaries/affiliates, or member banks) assume no responsibility for products or services offered at participating lounges.
• FAQs:
  • Can I use my IndusInd Bank Business Card outside of India? Yes, you can use your IndusInd Bank Business Card outside of India.
  • Will I earn reward points on offline spends? Yes, you shall earn reward points for both offline and online spends.
  • If I pay my credit card bill before the due date, will I receive any rewards? Yes, you shall receive 100 Reward Points for making early bill payments.
• Documents & Information Downloads:
  • Most Important Terms & Conditions
  • Cardholders' Agreement
  • Code of Bank's commitment to customers
  • Benefit Guide
  • Key Facts Sheet