Author
LoansJagat Team
Read Time
6 Min
30 Jun 2025
Let’s say Ram Kumar chooses the IDBI Bank Aspire Platinum Credit Card for its shopping rewards, zero joining fee, and valuable benefits—perfect for his smart, quality-focused, and savings-driven shopping habits.
Let’s take this scenario, in which Ram Kumar gets 2.5%af fuel surcharge waiver for the transaction between ₹400 and ₹4,000
Transactions No. | Fuel Amount | 2.5% Surcharge | Total Amount | Waived/Not Waived |
Fuel Transaction 1 | ₹ 500 | ₹ 12.5 | ₹ 512.5 | Waived |
Fuel Transaction 2 | ₹ 2,500 | ₹ 62.5 | ₹ 2,562.5 | Waived |
Fuel Transaction 3 | ₹ 4,500 | ₹ 112.5 | ₹ 4,612.5 | Not Waived |
Fuel Transaction 4 | ₹ 3,500 | ₹ 87.5 | ₹ 3,587.5 | Waived |
Fuel Transaction 5 | ₹ 2,000 | ₹ 50 | ₹ 2,050 | Waived |
Concerning the above-mentioned table, Ram Kumar’s fuel surcharge of 2.5% was not waived for the 4th transaction. This is because the transaction has crossed the threshold of ₹ 4,000. Except for this, for other fuel transactions, the surcharge was waived.
Now, let's see how he becomes eligible for the IDBI Bank Aspire Platinum Credit Card
Eligibility Criteria | Ram Kumar’s Case |
The cardholder must be between 21 years to 60 years for a salaried professional, whereas for self-employed, the age limit is 65 years. | Ram Kumar is 35 years old. |
The cardholder must be a resident of India | He lives in Mumbai. |
As expected by IDBI Bank, Ram Kumar meets the expected criteria. However, you must understand that he also has the following eligibility criteria:
These extra criteria make him a strong match to approve this credit card.
Note: The bank also examines the applicant’s CIBIL score and credit history. They have the right to sanction and disapprove a credit card application.
Let’s see the required documents that he furnished for this credit card application:
Identity Proof | Aadhaar Card, driving license, PAN card, Voter ID, or Passport. |
Residence Proof | Electricity Bill, Ration card, previous month’s bank statement, or telephone bill. |
Income Proof | Latest Payslip, Form 16, or Income Tax Return |
Features | Benefits |
Welcome Benefits | 500 Delight Points for the first transaction, within 30 days of card activation. 300 Delight Points for transactions between the 31st day and to 90th day, after card activation. Note: To earn 500 Delight Points, the cardholder needs to spend ₹ 1,500. |
Example: If Ram Kumar spends ₹ 1,500 within 30 days after the activation of the card, he will get 500 Delight Points. | |
Reward Points | 2 reward points for every ₹ 150. |
Example: If Ram Kumar purchases a product worth ₹ 300, he will get 4 reward points.
2 reward points for ₹ 150 So, total 300/150 = 2 Therefore, 2*2 = 4 reward points | |
Interest Free Credit | 48 days' interest-free credit period. |
Example: If Ram Kumar purchases a product for ₹ 10,000 on May 01,
Billing cycle of April 01 – 30 (30 days) Bill date May 01 Payment date: May 18
|
Fee Type | Charges | |
Joining Fees | NIL | |
Annual Fees | NIL | |
Cash Advance Fee | 2.5% of the transaction fee or ₹ 500 and above. | |
Cash Processing Charge | ₹ 200 | |
Finance Charge | 2.9 % per month | |
Foreign Currency Fee | 3.5% | |
Late Payment Charges | Amount | Charges |
Lesser than ₹ 500 | NIL | |
₹ 501 to ₹ 5,000 | ₹ 400 | |
₹ 5,001 to ₹ 10,000 | ₹ 500 | |
₹ 10,001 to ₹ 20,000 | ₹ 750 | |
Greater than ₹ 20,000 | ₹ 950 |
However, there are other credit cards from IDBI Bank, which also have surplus benefits and rewards.
This is a luxurious credit card that encompasses premium offers and special discounts for the cardholders.
Features | Benefits |
Welcome Benefits | 750 Delight Points for the first transaction, within 30 days of card activation. 400 Delight Points for transactions between the 31st day and to 90th day, after card activation.
|
Example: If Ram Kumar spends ₹ 1,500 within 30 days after the activation of the card, he will get 750 Delight Points. | |
Reward Points | 3 reward points for every ₹ 100. |
Example: If Ram Kumar purchases a product worth ₹ 300, he will get 9 reward points. Let’s see this calculation:
3 reward points for ₹ 100 So, total 300/100 = 3
| |
Interest Free Credit | 48 days' interest-free credit period. |
Example: Ram Kumar can get a free 45-day interest period after purchasing a product. | |
Fuel Surcharge | 1% fuel surcharge waiver for transactions between ₹ 400 to ₹ 5,000, with the maximum waiver of ₹ 500 per month. |
Eligible for ₹ 25,00,000 insurance coverage on air travel. | |
Example: The Cardholder gets insurance for an air accident. | |
Lounge Access | 1 free domestic airport lounge access in one financial quarter of every calendar year. |
Example: Ram Kumar can access any domestic lounge access of the airport in a financial quarter of every calendar year. | |
Zero-Lost Liability | The cardholder need not take accountability for loss or fraudulent transactions. |
Example: Ram Kumar no need to take responsibility for fraudulent transactions, after reporting the loss of the credit card. |
Fee Type | Charges | |
Joining Fees | NIL | |
Annual Fees | NIL | |
Cash Advance Fee | 2.5% of the transaction fee or ₹ 500 and above. | |
Cash Processing Charge | ₹ 200 | |
Finance Charge | 2.5 % per month | |
Foreign Currency Fee | 3.5% | |
Late Payment Charges | Amount | Charges |
Lesser than ₹ 500 | NIL | |
₹ 501 to ₹ 5,000 | ₹ 400 | |
₹ 5,001 to ₹ 10,000 | ₹ 500 | |
₹ 10,001 to ₹ 20,000 | ₹ 750 | |
Greater than ₹ 20,000 | ₹ 950 |
This premium credit card is suitable for those who like to spend on travel needs.
Features | Benefits |
Reward Points | 6 Delight Points for every ₹ 100 spent on travel categories. 3 Delight Points for other categories |
Example: If Ram Kumar purchases a flight ticket for ₹ 1,500, he will get 90 reward points. Let’s see this calculation:
6 reward points for ₹ 100 So, total 1,500/100 = 15
| |
Interest Free Credit | 48 days' interest-free credit period. |
Example: Here too, Ram Kumar gets an interest-free credit period. | |
Fuel Surcharge | 1% fuel surcharge waiver for transactions between ₹ 400 to ₹ 5,000, with the maximum waiver of ₹ 500 per month. |
Example: If Ram makes a fuel transaction of ₹ 800, he will get a 1% waiver. | |
Air Travel Insurance Coverage | Eligible for ₹ 25,00,000 insurance coverage on air travel. |
Example: Ram Kumar becomes eligible for insurance coverage on air travel after activating the card. | |
Lounge Access | Unlimited domestic lounge access only at select airports in India. |
Example: Ram can enjoy unlimited domestic lounge access in select Indian airports. | |
Zero-Lost Liability | The cardholder need not take accountability for loss or fraudulent transactions. |
Example: The cardholder is not accountable for fraudulent transactions or loss of the credit card. |
Fee Type | Charges | |
Joining Fees | NIL | |
Annual Fees | ₹ 1,499 (from the second year onwards) | |
Annual Fees Waiver | Only if the transaction exceeds ₹ 1,50,000 in a year. | |
Cash Advance Fee | 2.5% of the transaction fee or ₹ 500 and above. | |
Cash Processing Charge | ₹ 200 | |
Finance Charge | 2.9 % per month | |
Foreign Currency Fee | 3.5% | |
Late Payment Charges | Amount | Charges |
Lesser than ₹ 500 | NIL | |
₹ 501 to ₹ 5,000 | ₹ 400 | |
₹ 5,001 to ₹ 10,000 | ₹ 500 | |
₹ 10,001 to ₹ 20,000 | ₹ 750 | |
Greater than ₹ 20,000 | ₹ 950 |
1. What is the joining fee for the IDBI Bank Aspire Platinum Credit Card?
There is no joining fee for the IDBI Bank Aspire Platinum Credit Card.
2. What is the annual fee for the IDBI Bank Royal Signature Credit Card?
There is no annual fee for the IDBI Bank Royal Signature Credit Card.
3. What is the annual fee for the IDBI Euphoria Credit Card?
The annual fee for the IDBI Euphoria Credit Card is ₹ 1,499, which is from the second year onwards.
4. Does the IDBI Euphoria Credit Card have an annual fee waiver?
Yes, it has an annual fee waiver if the yearly transaction exceeds ₹ 1,50,000.
5. What is the interest-free credit for the IDBI Euphoria Credit Card?
The cardholder gets 48 48-day interest-free credit period.
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LoansJagat Team
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