The IndusInd Bank Vrddhi Business Card is tailored for small and medium-sized enterprises (SMEs) in India, offering robust rewards and savings on business expenses. This card is designed to simplify expense management, providing flexibility with EMI options and detailed tracking tools to maintain financial discipline. It is an ideal choice for businesses looking to optimize their spending and gain value from everyday transactions.
Overview
| Feature | Details |
|---|---|
| Card Type | Business Credit Card |
| Reward Rate | Earn reward points on every business spend |
| Joining Fee | 10,000 + GST |
| Unique Selling Points | Reward program, savings on business expenses, EMI options |
| Rating | ★★★★☆ (4.2/5) |
IndusInd Bank Vrddhi Business Card Fees and Charges
| Fee Type | Details |
|---|---|
| Annual Fee | 4,999 + GST |
| Finance Charges | 3.49% per month (41.88% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn, with a minimum of ₹300 |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Overlimit Fee | ₹500 |
IndusInd Bank Vrddhi Business Card Benefits
Rewards and Savings
- Reward Points: Earn points on every business transaction, which can be redeemed for travel, shopping, and more.
- Savings on Business Expenses: Enjoy discounts on fuel, utility bill payments, and other business-related expenses.
- EMI Conversion: Convert large purchases into EMIs, offering greater financial flexibility and cash flow management.
Expense Management
- Detailed Expense Tracking: Tools to monitor and control business expenses, helping maintain financial discipline.
- Consolidated Reporting: Get a comprehensive overview of all transactions, simplifying accounting and financial planning.
Security Features
- Fraud Protection: Includes insurance coverage for unauthorized transactions, offering peace of mind to businesses.
- Insurance Coverage: Additional coverage for business-related risks, ensuring security and reliability in transactions.
Expense Management and Corporate Services
- Corporate Liability Waiver: Protects the company against unauthorized transactions made by employees.
- Dedicated Support: Access to IndusInd Bank’s dedicated customer service for corporate cardholders, ensuring prompt assistance with any queries or issues.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Corporate Status: Available to businesses, particularly SMEs, looking to streamline expenses.
- Company Requirements: Suitable for companies with solid financial standing.
How to Apply?
- Process: Apply through the IndusInd Bank website or by contacting your relationship manager. Submit necessary documents for verification. Approved cards are issued to the business.
Similar Cards to IndusInd Bank Vrddhi Business Card
| Feature | IndusInd Bank Vrddhi Business Card | HDFC Corporate Platinum Credit Card | ICICI Bank Corporate Gold Credit Card |
|---|---|---|---|
| Annual Fee | Variable based on agreement | ₹2,499 + GST | ₹500 + GST (waived on certain spends) |
| Reward Rate | Reward points on all business spends | 2 Reward Points per ₹150 spent | No rewards program |
| Expense Management | Detailed expense tracking and reporting | Expense management tools, MIS reports | Basic expense reports and tracking |
| Corporate Liability Waiver | Yes, included | Yes, up to ₹10 lakh | Yes, included |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
IndusInd Bank Vrddhi Business Card vs. HDFC Corporate Platinum Credit Card
The IndusInd Bank Vrddhi Business Card offers strong rewards and savings on business expenses, making it suitable for SMEs focusing on cost-effective financial management. In contrast, the HDFC Corporate Platinum Credit Card provides rewards on business spending along with enhanced financial tools like MIS reports, making it more suitable for larger corporations looking for comprehensive financial oversight.
IndusInd Bank Vrddhi Business Card vs. ICICI Bank Corporate Gold Credit Card
While the IndusInd Bank Vrddhi Business Card focuses on rewards and savings, the ICICI Bank Corporate Gold Credit Card provides basic expense management with lower annual fees. The Vrddhi Business Card’s reward program and EMI options may appeal more to businesses that have frequent and diverse spending needs, whereas the ICICI card is ideal for companies looking for a straightforward, budget-friendly corporate card.
Final Thoughts
- IndusInd Bank Vrddhi Business Card stands out for its rewards and savings, making it ideal for SMEs looking to maximize returns on business expenses.
- HDFC Corporate Platinum Credit Card is better suited for larger corporations needing comprehensive expense management tools and a rewarding program.
- ICICI Bank Corporate Gold Credit Card is a more cost-effective option for businesses that need basic financial management without extensive rewards.
FAQ
What is the annual fee for the IndusInd Bank Vrddhi Business Card?
The annual fee is variable and depends on the corporate agreement.
How do I earn rewards with the IndusInd Bank Vrddhi Business Card?
You earn reward points on all business-related transactions, which can be redeemed for various rewards.
Does the IndusInd Bank Vrddhi Business Card offer EMI options?
Yes, the card allows you to convert large purchases into EMIs for easier payment management.
What security features does the IndusInd Bank Vrddhi Business Card offer?
The card includes fraud protection, a corporate liability waiver, and insurance coverage for unauthorized transactions.
How do I manage expenses with the IndusInd Bank Vrddhi Business Card?
The card offers detailed tracking and reporting tools, making it easier to monitor and manage business expenses.
