Bandhan Bank Plus Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Bandhan Bank Plus Credit Card
Bank Name :
Bandhan Bank
Type :
Rewards Credit Card
Interest Rate :
24.58% p.a.
Eligibility :
Age: At least 18 years
Resident of India.
Pros
Welcome Benefit: Users will get MakeMyTrip cashback of INR 3000 as a joining benefit.
Reward System: The value of 1 reward point is worth Rs. 0.30. Users will get 3 reward points for every 150 spent. Effective cashback rate: 0.60%. 5 reward points for spending in supermarkets, dining, movies and groceries. Effective cashback rate: 1%.
Users will get 4 lounge access per quarter, and additional rewards throughout the year.
Cons
Limited features only.
A high joining fee is levied upon the customers.
Not specified that whether lounge access program is offered for domestic lounges or international lounges.
Pros & Cons
Welcome Benefits
Users will get MakeMyTrip cashback of INR 3000 as a joining benefit.
Rewards System
The value of 1 reward point is worth Rs. 0.30. Users will get 3 reward points for every 150 spent. Effective cashback rate: 0.60%. 5 reward points for spending in supermarkets, dining, movies and groceries. Effective cashback rate: 1%.
International Forex Markup
IFM- upto 3.5%
Welcome Benefits and Reward System
Special Features
Additional reward points throughout the year.
Eligibility Criteria
Age: At least 18 years
Resident of India.
Benefits
Welcome bonus of 1500 reward points.
Renewal fee waiver.
Travel benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Check the eligibility criteria. The eligibility criteria for the Bandhan Bank Plus Credit Card are: Age: 21-65 years Minimum income: INR 25,000 per month Good credit history
Gather the required documents.
The required documents are: A recent passport-size photograph Proof of identity (any of the following): Voter ID, passport, driving license, PAN card, Aadhaar card Proof of residence (any of the following): Electricity bill, telephone bill, Aadhaar card, passport Proof of income (any of the following): Latest 3 months' salary slip, latest 3 months bank statement, income tax returns (ITR)/Form 16 Apply online or offline.
You can apply for the card online through the Bandhan Bank website or offline by visiting any Bandhan Bank branch.
Submit your application.
Once you have gathered the required documents, you can submit your application online or offline.
Wait for the approval.
The bank will review your application and let you know the status within a few days.
If your application is approved, you will receive the card within 7-10 working days.
Contact Details
Call on 1800-258-8181, 033-4409-9090
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get MakeMyTrip cashback of INR 3000 as a joining benefit.
Reward System: The value of 1 reward point is worth Rs. 0.30. Users will get 3 reward points for every 150 spent. Effective cashback rate: 0.60%. 5 reward points for spending in supermarkets, dining, movies and groceries. Effective cashback rate: 1%.
Users will get 4 lounge access per quarter, and additional rewards throughout the year.
Limited features only.
A high joining fee is levied upon the customers.
Not specified that whether lounge access program is offered for domestic lounges or international lounges.
Overall, the Bandhan Bank Plus Credit Card offers a step up from the One Card with better rewards, airport lounge access, and a higher joining bonus. However, the annual fee is higher, and the interest rate and reward rate remain limitations. This card could be suitable for individuals with moderate spending habits and occasional travel requirements seeking basic perks.
Bandhan Bank Plus Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee (1st Year Fee) - INR 699
Annual Fees (2nd Year onwards) - INR 699+GST
Cash Advance Fee -3% of transaction fee or Rs. 300/-, whichever is higher
Interest Rate: 24.58% p.a.
Late Payment Fess Rs. 0 for statement outstanding balance less than or equal to 100. 100 for statement outstanding balance between 101 and 500. 500 for statement outstanding balance between 501 and 5,000. 700 for statement outstanding balance between 5,001 and 10,000.800 for statement outstanding balance between 10,001 and 25,000. 1200 for statement outstanding balance greater than 25,000
Foreign Currency Transactions up 3.5%
Rewards Points Redemption Fee- rs. 99/-
Railway Surcharge: Rs. 25 or 2.5% which ever is higher.
Fuel Surcharge
Fuel Transaction Charge : 1% Surcharge on Fuel transaction value or Rs.10, whichever is higher. However, Fuel surcharge waiver of up to Rs.100 per month is available. (The Surcharge is applicable on minimum fuel transactions of Rs. 500 and maximum of Rs. 4,000.)
Billing Cycle
30 Days