IndusInd Fortuna Prima Credit Card – Benefits, Fees & Eligibility

IndusInd Fortuna Prima Credit Card

Introduction

The IndusInd Fortuna Prima Credit Card is specifically designed to streamline business purchases and simplify payout processes for both small business owners and large corporations. It offers a convenient and efficient way to manage expenses across various business functions, helping to control spending, reduce paperwork, and gain better insights into a company's financial activities. This card supports business financial management by providing transparency and ease in handling transactions, optimizing cash flow, and ensuring compliance with corporate policies. It focuses on cashback rewards and personalized features to meet the financial needs of businesses and entrepreneurs in India, offering savings on everyday business expenses and prioritizing financial security.

Welcome Benefits

• No specific welcome benefits are mentioned for this card.

Fees

• Joining Fee: ₹0 - ₹10,000 + GST
• Renewal Fee: ₹0 - ₹10,000 + GST
• Spend-Based Waiver: No information available.
• Rewards Redemption Fee: No information available.
• Foreign Currency Markup: 3.5%
• Interest Rates: No interest charges are mentioned, implying it's designed for full payment within the interest-free period for corporate expenses.
• Fuel Surcharge: 1% fuel surcharge waiver is applicable at all fuel stations on transactions between ₹500 and ₹10,000. The minimum surcharge is ₹10.
• Cash Advance Charges: 3.35% from the date of withdrawal.

Rewards

• Cashback:
  • Earn up to 0.40% cashback on all business expenses (on regular MCC spends).
  • To qualify for cashback, a minimum spend of ₹1 lakh is required in one billing cycle.
  • Only transactions over ₹100 are eligible for cashback.
  • The cashback earned can be up to ₹30,000 in one cashback cycle.
  • No cashback will be awarded on low interchange MCC spends.
• 4th Line Embossing / Card Customization:
  • The card offers 4th-line embossing, allowing the corporate's identity to be prominently showcased.
  • The company's name can be elegantly embossed on the card, with up to 19 characters, including spaces and department names.
  • The corporate name provided on the application form will be embossed on the IndusInd Bank Fortuna Prima Card.
• Domestic Lounge:
  • Enjoy 2 complimentary domestic lounge visits every year at airports in India.
  • Benefits include relaxation, gourmet meals, comfortable seats, and free Wi-Fi.
• Insurance:
  • Comprehensive insurance package includes Card Liability Coverage up to ₹25,00,000.
  • Corporate Liability Waiver Insurance up to ₹25,00,000 provides protection against the risk of employee fraud.

Rewards Redemption Guide

• Earned cashback will be automatically credited to the cardholder's account in the following month’s statement.

Card Review

The IndusInd Fortuna Prima Credit Card is a top choice for businesses due to its competitive cashback rate and useful benefits such as domestic airport lounge access and fuel surcharge waivers. It is designed to upgrade business purchases, allowing businesses to manage spending, reduce paperwork, and gain better awareness of their financial activities. While it may not offer deals on dining, entertainment, or travel perks, its focus on providing cashback rewards and valuable features makes it a great choice for business owners aiming to save money on everyday expenses. The card also offers customization options for corporate identity and helps manage business spending while prioritizing financial security through comprehensive insurance coverage.

• Pros:
  • Users earn cashback on every eligible transaction.
  • The card can be customized with the company name through 4th-line embossing.
  • Designed for business expenses, supporting financial security and control.
• Cons:
  • More benefits related to dining, entertainment, and general travel (beyond domestic lounge access) could enhance the card's appeal.

Important Product Details

• Cashback of up to 0.40% on all business expenses.
• Customization option with 4th-line embossing for company name.
• Two complimentary domestic airport lounge visits annually.
• 1% fuel surcharge waiver on transactions between ₹500 - ₹10,000.
• Insurance cover of up to ₹25 lakhs for card liability and corporate liability waiver.
• Supports consolidated payments for companies.
• Dedicated relationship manager and 24x7 customer service available.
• The card is globally accepted wherever Mastercard is accepted.

Other Details

• eStatements: Both individual and consolidated e-statements are provided to all customers.
  • Individual e-statements offer a detailed view of transactions for each account.
  • Consolidated e-statements summarize activity across multiple accounts or cards, providing a comprehensive overview.
  • Statements are sent directly to customers for complete visibility.
• Consolidated Payments:
  • Offers a "One Account, One Payment" solution.
  • Companies can make a single consolidated payment, which the bank then allocates to each employee’s individual card.
  • The total amount due is outlined in the Corporate Consolidated Statement, with the company responsible for a single payment.
• Dedicated Relationship Manager:
  • A designated relationship manager is available for IndusInd Bank Commercial Cards.
  • They can assist with routine service inquiries, detailed product clarifications, and other queries with professionalism and efficiency.
• Dedicated Customer Service:
  • 24x7 Customer Service officials are available for emergencies and assistance.
  • Toll-Free Number: 1860 267 7777
  • Email: corporate.cards@indusind.com
• Global Acceptance: The IndusInd Fortuna Prima Credit Card is globally accepted and can be used for transactions worldwide wherever Mastercard is accepted.
• Additional Resources: Further details are available in documents such as the Benefit Guide, Most Important Terms & Conditions, Key Facts Sheet, Safety Tips on your Corporate Card, Cardholders' Agreement, Code of Bank's commitment to customers, Cashback Terms and Conditions, List of Applicable Lounges, and Payment Terms & Conditions.