Euphoria Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
MakeMyTrip ICICI Bank Credit Card
Bank Name :
ICICI Bank
Type :
Travel Credit Card
Interest Rate :
3.40%p.m. 40.80%p.a.
Eligibility :
Primary card holder should be in the age bracket of 21 years to 60 years (65 years for self-employed).
Add-on card holder should be 18 years and above
Should be a resident of India
Pros
Reward System: The value of 1 Delight point = 0.25 Paisa. Users can earn 6 Delight points for every 100 rupees spent related to travel and hotel, etc. Effective cashback rate: 1.50%. 3 Delight Points on every other spent. Effective cashback rate: 0.75%.
Users will enjoy interest-free credit of up to 48 days.
Fuel surcharge waiver.
Air travel accident insurance coverage can be availed.
Unlimited complimentary lounge visits at participating Airport lounges in India.
Zero card lost liability.
No reward redemption fees.
Cons
No international lounge access facility is available.
No cashback back rewards are available.
No welcome benefit.
Pros & Cons
Welcome Benefits
None
Rewards System
The value of 1 Delight point = 0.25 Paisa. Users can earn 6 Delight points for every 100 rupees spent related to travel and hotel, etc. Effective cashback rate: 1.50%. 3 Delight Points on every other spent. Effective cashback rate: 0.75%.
International Forex Markup
IFM- upto 3.5%
Welcome Benefits and Reward System
Special Features
Air Travel Accident Insurance Cover
Eligibility Criteria
Primary card holder should be in the age bracket of 21 years to 60 years (65 years for self-employed).
Add-on card holder should be 18 years and above
Should be a resident of India
Benefits
1% fuel surcharge waiver
Complimentary airport lounge access:
Air travel accident insurance cover of Rs. 25 lakh.
Zero liability protection.
Rewards program.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Check the eligibility criteria.
The eligibility criteria for the IDBI Euphoria Credit Card are: Age: 21-60 years (salaried) or 65 years (self-employed) Minimum income: INR 25,000 per month (salaried) or INR 40,000 per month (self-employed) 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 IDBI Bank website or offline by visiting any IDBI 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 our Phone Banking numbers - Toll Free -
1800 425 7600
Non Toll Free -
022 4042 6013(24x7 service)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Reward System: The value of 1 Delight point = 0.25 Paisa. Users can earn 6 Delight points for every 100 rupees spent related to travel and hotel, etc. Effective cashback rate: 1.50%. 3 Delight Points on every other spent. Effective cashback rate: 0.75%.
Users will enjoy interest-free credit of up to 48 days.
Fuel surcharge waiver.
Air travel accident insurance coverage can be availed.
Unlimited complimentary lounge visits at participating Airport lounges in India.
Zero card lost liability.
No reward redemption fees.
No international lounge access facility is available.
No cashback back rewards are available.
No welcome benefit.
The IDBI Bank Euphoria Credit Card is a suitable option for moderate spenders who value a general rewards program, fuel surcharge waiver, and accident insurance. The welcome bonus, airport lounge access (with minimum spend), and other benefits provide some value. However, the lower reward rate compared to premium cards, limited redemption options, lower point value, limited airport lounge access, and network limitation might discourage those seeking higher rewards, diverse redemption options, wider network coverage, or consistent airport lounge access.
IDBI Bank Euphoria 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 - (Primary / Add-on Card): Nil
Annual Fee – (Primary Card): Rs. 1499 (From second year onwards)
Cash Advance Transaction Fee: 2.5% of transaction fee or Rs. 500/-, whichever is higher
Interest Rate: 2.9% (p.m.)
Late Payment Charges (per occasion, based on amount due):< = Rs. 500 – Nil > Rs.500 to <= Rs. 5000 – Rs.400 > Rs.5000 to < = Rs. 10000 - Rs.500 > Rs.10000 to < = Rs. 20000 - Rs.750 > Rs.20000 – Rs.950
Foreign Currency Transactions mark- up 3.5%
Rewards Points Redemption Fee: Nil
Fuel Surcharge
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