IndusInd Fortuna Prima Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Fortuna Prima Credit Card, issued by IndusInd Bank, is specifically designed to upgrade business purchases for small business owners and large corporations. It aims to simplify payout processes, manage spending, reduce paperwork, and provide better insights into a company's financial activities. This card helps control expenses, track transactions, ensure compliance with corporate policies, and optimize cash flow. Key differentiating benefits include a 0.40% cashback on all business expenses, an exclusive 4th-line embossing feature for card personalization, complimentary domestic airport lounge access, a fuel surcharge waiver, and comprehensive insurance coverage up to ₹25 lakhs.

Fees

• Joining Fee: ₹0 - ₹10,000 + GST
• Annual Fee: ₹0 - ₹10,000 + GST
• Rewards Redemption Fee: Not applicable
• Foreign Currency Markup: 3.5%
• Interest Rates: Not applicable (N/A). There is no interest charge with this card.
• Fuel Surcharge Waiver: 1% fuel surcharge waived for fuel transactions between ₹500 – ₹10,000. The minimum surcharge is ₹10.
• Cash Advance Charges: 3.35% from the date of withdrawal.

Rewards

• Cashback:
  • Earn 0.40% cashback on all regular MCC (Merchant Category Code) transactions.
  • To qualify for cashback, a minimum spend of ₹1 lakh in one billing cycle is required.
  • Only transactions over ₹100 will be 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.
• Domestic Lounge Access: Enjoy two complimentary visits every year to domestic airport lounges across India.
• Insurance Benefits:
  • Insurance cover against card liability up to ₹25 lakhs.
  • Corporate liability waiver insurance of up to ₹25 lakhs, providing protection against the risk of employee fraud.
• Embossed Customization: The card offers an exclusive 4th-line embossing feature, allowing cardholders to personalize their cards by elegantly imprinting the company’s name. This customization allows for up to 19 characters, including spaces and department names.

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 airport lounge access and fuel surcharge waivers. It is a business-centric card designed to elevate the cardholder’s experience, focusing on providing cashback rewards and practical features for business owners to save money on everyday expenses. It also offers customization options to suit specific needs and helps manage business spending while prioritizing financial security.

Pros

• Users earn cashback on every transaction.
• The card can be customized according to preference with company name embossing.
• There is no interest charge with this card.
• Helps manage business spending while prioritizing financial security.

Cons

• More benefits related to dining, entertainment, and travel should be provided with this card.

Important Product Details

• Cashback: Users earn 0.40% cashback on all MCC transactions, with specific conditions for eligibility (minimum spend of ₹1 lakh per billing cycle, transactions over ₹100) and maximum limits (up to ₹30,000 per cycle).
• Customization: Offers 4th-line embossing to personalize the card with the company's name, allowing up to 19 characters including spaces and department names.
• Domestic Airport Lounge Access: Provides two complimentary visits every year to domestic airport lounges in India.
• Fuel Surcharge Waiver: A 1% waiver on fuel purchase transactions between ₹500 and ₹10,000.
• Insurance Coverage: Includes card liability coverage up to ₹25 lakhs and corporate liability waiver insurance up to ₹25 lakhs, offering protection against employee fraud.
• No Interest Charge: The card has no interest charge.
• Global Acceptance: The IndusInd Fortuna Prima Credit Card is globally accepted and can be used for transactions worldwide wherever Mastercard is accepted.
• eStatements: Both individual and consolidated e-statements are provided to customers, offering detailed transaction views and comprehensive overviews across multiple accounts or cards.
• Consolidated Payments: Offers a "One Account, One Payment" solution, enabling companies to make a single consolidated payment which is then allocated to each employee’s individual card.
• Dedicated Support: Cardholders have access to a dedicated relationship manager for inquiries and clarifications, along with 24*7 customer service officials.

Other Details

• Customer Service: For any queries or assistance, customers can contact the 24*7 customer service officials on the toll-free number 1860-267-7777 or write to corporate.cards@indusind.com.
• Legal Information: Various terms and conditions, benefit guides, key fact sheets, safety tips, and cardholder agreements are available for review on the bank's website.