Imperium Platinum
MyRupaya Ratings
Product Details
Credit Card Name :
Imperium Platinum
Bank Name :
IDBI Bank
Type :
Secured Credit Card
Interest Rate :
2.9% (p.m.) i.e. 34.80% p.a.
Eligibility :
The Primary & Add-on cardholder should be 18 years and above.
Minimum eligible Fixed Deposit amount for issuance of Imperium Secured Credit Card is 20,000/- or its equivalent FCNR deposits.
Fixed deposit(s) held by HUF, Minor, NGO, Trust, Societies, Club, Partnership and Private & Public Ltd. companies; Third Party Fixed Deposit(s); FDs with sweep-out facility; Tax Savings FDs;and FDs in combination of INR & FCNR (foreign currency) shall not be eligible for availing Imperium Secured Credit Card facility.
Mode of operations - Singly, ‘Either/Anyone/Former or Survivor’ and not jointly operated accounts.
Pros
Welcome Benefit: Users will get a welcome bonus of 500 Delight points with a minimum single transaction of Rs. 1500 within 30 days or 300 points between 31 to 90 days from the date of receiving the card.
Reward System: The value of 1 Delight point is 0.25 Paisa. Users will earn 2 Delight points for every Rs. 150 spent on shopping, watching movies, travelling etc. Effective cashback rate: 0.33%.
Customers can enjoy credit limits as high as 85% of their Fixed deposits.
Customers can enjoy a higher cash withdrawal limit of up to 70% of their credit limit.
Zero lost card liability.
Fuel surcharge waiver.
Customers will be eligible for exclusive offers on airport shopping, hotel, car rentals etc.
Cons
No domestic/international airport lounge access facility.
No cashback offers are available.
The joining fee is levied upon the users.
Card issued against a customer's fixed deposits held with IDBI Bank only.
Pros & Cons
Welcome Benefits
Users will get a welcome bonus of 500 Delight points with a minimum single transaction of Rs. 1500 within 30 days or 300 points between 31 to 90 days from the date of receiving the card.
Rewards System
The value of 1 Delight point is 0.25 Paisa. Users will earn 2 Delight points for every Rs. 150 spent on shopping, watching movies, travelling etc. Effective cashback rate: 0.33%.
International Forex Markup
IFM- upto 3.5%
Welcome Benefits and Reward System
Special Features
A high credit limit is available as this card is issued against a Fixed Deposit.
Eligibility Criteria
The Primary & Add-on cardholder should be 18 years and above.
Minimum eligible Fixed Deposit amount for issuance of Imperium Secured Credit Card is 20,000/- or its equivalent FCNR deposits.
Fixed deposit(s) held by HUF, Minor, NGO, Trust, Societies, Club, Partnership and Private & Public Ltd. companies; Third Party Fixed Deposit(s); FDs with sweep-out facility; Tax Savings FDs;and FDs in combination of INR & FCNR (foreign currency) shall not be eligible for availing Imperium Secured Credit Card facility.
Mode of operations - Singly, ‘Either/Anyone/Former or Survivor’ and not jointly operated accounts.
Benefits
Welcome bonus of 500 Delight Points.
Interest-free period of up to 50 days.
Earn 4 Delight Points for every Rs. 100 spent.
1% fuel surcharge waiver.
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 Imperium Platinum Credit Card are: Age: 18 years or above Minimum income: INR 20,000 per month Good credit history Fixed deposit of Rs. 20,000 or more with the IDBI Bank
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 address (any of the following): Electricity bill, telephone bill, Aadhaar card, passport Proof of fixed deposit (any of the following): Confirmation of deposit document duly discharged by the bank
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:-
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Cons:-
Welcome Benefit: Users will get a welcome bonus of 500 Delight points with a minimum single transaction of Rs. 1500 within 30 days or 300 points between 31 to 90 days from the date of receiving the card.
Reward System: The value of 1 Delight point is 0.25 Paisa. Users will earn 2 Delight points for every Rs. 150 spent on shopping, watching movies, travelling etc. Effective cashback rate: 0.33%.
Customers can enjoy credit limits as high as 85% of their Fixed deposits.
Customers can enjoy a higher cash withdrawal limit of up to 70% of their credit limit.
Zero lost card liability.
Fuel surcharge waiver.
Customers will be eligible for exclusive offers on airport shopping, hotel, car rentals etc.
No domestic/international airport lounge access facility.
No cashback offers are available.
The joining fee is levied upon the users.
Card issued against a customer's fixed deposits held with IDBI Bank only.
The IDBI Bank Imperium Platinum Credit Card is a prestigious option for discerning individuals and frequent travelers who value unparalleled comfort, comprehensive travel protection, and top-tier rewards across most categories. The unlimited airport lounge access, global lounge passport, comprehensive travel insurance, and opulent welcome bonus solidify its luxurious appeal. However, the hefty annual fee, limited network, potentially lower point value, and lack of exclusive dining or experience redemptions might necessitate careful consideration for moderate spenders, those seeking wider network coverage, or individuals prioritizing specific redemption options.
Imperium Platinum
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 Card): Rs. 499
Annual Fee – (Primary Card): Rs. 499
Cash Advance Fee: 2.5% of transaction fee or Rs. 500/-, whichever is higher
Interest Rate: 2.9% (p.m.)
Late Payment Fess (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
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