Credit cards are extremely useful tools for managing finances. Different credit cards offer distinct benefits and rewards, thus, it is tempting to carry multiple credit cards. However, managing them properly is crucial to avoid debt traps.

This blog addresses the points to consider before you apply for multiple credit cards and the strategies you can follow for effective management of your credit cards.

Points to consider before applying for multiple credit cards

These days, the process of applying for credit cards has been simplified, thanks to technology and digitalisation. You can apply for credit cards online through the bank website or the mobile application.

For your convenience, IndusInd Bank has a 100% digital application process. You can apply for an IndusInd Bank Credit Card from the comfort of your home, without the hassles of visiting a bank branch or submitting lengthy paperwork. All you need is your PAN and Aadhaar details  and complete the video KYC process, at any time, from anywhere.

Although this ease may tempt you to apply for a credit card right away, there are a few points you must consider before you move ahead –

1. Check your credit score

If you require additional credit cards, you must ensure you have a good credit score. A good credit score will get you through the approval process quickly and get the credit card you desire. 

2. Assess your financial condition

Before you apply for a new credit card, make sure you have evaluated your current financial situation. If adding a new credit card will help you manage your finances better, it will be a suitable decision for your financial situation.

3. Assess your requirements 

You must have clarity on why you need the additional credit card – does it offer better reward points, a higher credit limit or better offers suited to your lifestyle? 

IndusInd Bank offers a variety of instant credit cards that have been designed to sync with the requirements of every customer.

For instance, if you are a frequent flyer using Vistara Airlines and are always on the go, the IndusInd Bank Club Vistara Explorer Credit Card is the perfect fit for you. It provides complimentary Club Vistara Gold Membership and exclusive services, including priority check-ins, priority boardings and additional baggage allowance. 

4. Conduct research

Conduct thorough research and have a look at the various credit cards being offered. Compare them on various parameters, like annual fees, interest rates, rewards programs, and promotional offers.

5. Review terms and conditions

Go through the credit card’s terms and conditions and have a clear understanding of the rules, responsibilities, penalties and programs that accompany the card. If you are not clear on any rule or condition mentioned, you must clarify it with the bank.

Strategies to maximise the benefits of credit cards

Having multiple credit cards can benefit you in many ways. They offer financial flexibility in times of uncertainty, help you make big purchases, and allow the use of various reward programs. There are a few strategies that will enable you to maximise the benefits of your credit cards.

1. Planned spending

Every credit card comes with an interest-free period (the period between the transaction date and the due date). Except for cash withdrawals, interest is not charged on transactions during this phase. You can time your big purchases by distributing them across various cards and make optimal use of this interest-free period.  

2. Reward programs

Plan your big expenses on credit cards that give you better reward points or cashback. 

For instance, the Platinum Aura Edge Credit Card offered by IndusInd Bank allows you to select from 4 different reward plans, and earn up to 8x reward points on specific merchant categories, as well as get a 1% waiver on fuel surcharge.

3. Redemption of points

Keep track of the expiry date of the reward points you earn. You can use these points to avail of vouchers or discounts from various merchants associated with the bank or financial institution.

Notably, IndusInd Bank Credit Card Reward Points never expire. You can redeem the reward points earned via IndusInd Bank Credit Cards anytime you require, without worrying about expiry. The bank even allows you to convert your reward points to cash credit, which can then be used to pay your credit card bills too!

Strategies to manage multiple credit cards

1. Auto-payment 

If you miss out on your credit card payments, it could negatively affect your credit score. A bad credit score could prove problematic when increasing your credit card limits or availing of loans in the future.

Setting up auto-payment of your credit card bills can ensure that you never miss the deadlines and your credit card bills are paid in full every month. Just ensure that your account is adequately funded for the payment of your bills.

2. Digital apps and tools 

Many banks and credit card providers offer apps and tools for monitoring your credit card spends. They are useful for tracking expenses, getting real-time updates, checking account balances, and a lot more. These apps and tools can prove extremely useful for managing your credit cards.

3. Credit card limits

If you want a healthy credit score, ensure you never use the entire credit limit available at your disposal. The key to ensuring a healthy credit score is keeping the credit utilisation ratio to 30% or below. 

4. Categorise your cards

Categorise your expenses into groceries, fuel, apparel, technology, travel, and multiple forms of spending. Next, categorise your credit cards and allocate a card to these categories. This will help you reap the maximum benefits from your specific cards and ensure you do not cross the limits assigned to each card.

5. Review annual fees

If your credit cards come with a cost, i.e. annual fees, assess these cards periodically. Spending habits change with time, and paying a high fee for a credit card that is not useful any longer. Credit card providers might also bring about sudden changes in the fee structure, so it is wise to monitor the charges you pay for each credit card on a regular basis. 

Conclusion

Effective management of credit cards requires discipline, knowledge, and good financial management skills. When you organise your credit cards well, you will be empowered with rewards, financial flexibility, and a good credit score. Get yourself credit cards that match your needs and financial goals.

IndusInd Bank can be your trusted partner in your credit card journey. With the vast array of IndusInd Bank Credit Cards available, you can rest assured that the rewards and perks of each credit card will help you utilise their potential to the fullest. Apply now and get an instant credit card approval!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Credit Cards provide you access to money on credit and the option to pay it back at a later date. This allows you to make purchases even when you might be running low on funds. However, along with the power of convenience, they are accompanied by the risk of fraud too.

The threat of fraudsters accessing your identity and personal details and making unauthorised transactions in your name is on the rise. Though banks are beefing up their security measures, fraudsters keep finding new ways to commit these crimes.

Thus, it is crucial to educate yourself on the different types of credit card fraud taking place and ways in which you can avoid becoming a victim of these crimes.

What is credit card fraud?

Credit card fraud takes place when your credit card or credit card information is used without your permission for fraudulent transactions or purchases. 

Let us understand the different types of credit card frauds that are taking place these days.

Different types of credit card frauds

Having a credit card is a blessing in a time of crisis, but if it falls into the wrong hands, it can become a crisis in itself. It is important to be aware of the different forms of credit card frauds:

1. Card not present (CNP) / skimming

In this type of fraud, the fraudster does not have your physical card. Instead, your credit card information is being used to perform offline or online transactions. The card data can be copied either by taking it manually or by using an illegal card reader.

2. Loss or theft of physical card 

This fraud takes place when the fraudster has stolen your physical card or made a duplicate of it. The card can then be used for their financial gain.

3. Phishing

Phishing is where the fraudster or scammer tries to get your credit card details by convincing you that there are offering exciting offers on products / services. For example, they try getting your information by tricking you that you have won a contest and that your credit card details are needed to transfer bonus points. This scam can be performed via phone calls or emails.

4. Cyberattacks

This is a dangerous act where cyber criminals hack various payment servers and steal client data, which would include all your details. This data is then used to create fake accounts or make fraudulent transactions.

5. Dumpster diving

If you are someone who carelessly dumps your credit card statements and bills, you need to think twice before doing so. These statements are collected by scammers, which gives them access to your card and bank details. The details are then used for fraudulent purchases and transactions.

6. Capturing keystrokes

Keystroke logging is used by hackers with the help of specific software to get your credit card details. They send emails or messages that contain links. When you click on the link, you are redirected to install malware. This process happens without your knowledge.

Once the malware is installed, every key pressed gets recorded; which means all your IDs, passwords, and data gets recorded. Make sure you have antivirus software installed on your devices.

7. SIM swapping

At times, fraudsters pretend to be you and contact your mobile operator to place a request for a duplicate SIM card. They also request to deactivate the original SIM card.

This enables the fraudster to receive the OTPs for credit card purchases or even create new IDs and transact using your card details. 

8. Identity theft

This fraud takes place when a criminal steals your documents and identity. They use the information to get credit cards and other documents under your name. This gives them the power to conduct various monetary scams using your identity. You must always be aware of where your documents are being submitted and used.

Detecting a credit card fraud

1. You must review your credit card statement carefully. Watch out for any suspicious charges or transactions made. Ensure every transaction reflected in your statement has been authorised by you.
   
   
2. These days, scammers try to convince and con you into handing over your card information by offering deals, prizes and bonus points. Social media platforms have become a space for scammers to trap users into believing they have won contests and other prizes.

Make sure you cross-check the accounts you connect with and always remember that no company or bank asks you for your card details.

• If you have received a credit card statement for cards you have never applied for and never used, this could be a possible fraud!

Steps to report a credit card fraud

If you have lost your credit card or have identified fraudulent transactions made using your card, these are the steps that you must follow:

1. Collect data: Collect all data that supports your claim of your card being misused. Collect the credit card statements and highlight the suspicious / fraudulent transactions. Record any other data likeSMS, emails, and screenshots of any apps downloaded. 
   
   
2. Contact your credit card provider: Contact the customer care of your bank and get your credit card blocked. Inform them of the fraudulent transactions that have been made using your card. These days, you can even lock your card immediately using the bank’s mobile app.

For instance, IndusInd Bank’s IndusMobile app allows you to manage your credit card efficiently. You can monitor your transaction statements, pay your bills and even blockyour IndusInd Bank Credit Card instantly.

• Register an FIR: You must file an FIR at the nearest police station. The FIR copy acts as a proof of theft and also protects the complainant against any possible misuse and fraud. Moreover, a copy of the FIR can come in handy if demanded by the bank.

IndusInd Bank offers a unique Total Protect program that covers you for the amount equal to your credit card’s credit limit up to 48 hours prior to you reporting the loss of your card. It is available on your add-on cards too. Thus, with IndusInd Bank Credit Cards, you need not worry about fraudulent transactions! 

Conclusion

Remember that protecting your personal data and credit cards from fraud requires staying alert and educating yourself constantly. Adopt secure practices and be cautious of where you punch in your details to prevent credit card fraud. Get yourself a credit card that not only offers a multitude of benefits but also protects you from fraudulent transactions.

IndusInd Bank Credit Cards and their Total Protect feature can help you stay safe from frauds and the harm they can cause. Moreover, you can benefit from the host of rewards and discounts that the multitude of IndusInd Bank Credit Cards offer on different lifestyle purchases. So what are you waiting for? Apply now for IndusInd Bank Instant Credit Cards!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Credit cards have transformed the way we handle transactions and enjoy life’s luxuries in today’s fast-paced world. These cards not only provide effortless access to funds but also offer a variety of perks, such as shopping, travel, entertainment, lifestyle and dining privileges.

Amongst the various options available, the IndusInd Bank EazyDiner Credit Card shines as a beacon of lifestyle privileges and convenience. Combining the best of both worlds – seamless financial transactions and exquisite dining experiences – this credit card redefines the modern lifestyle.

Let’s explore the unique features, benefits and application process of the IndusInd Bank EazyDiner Credit Card.

Applying for IndusInd Bank EazyDiner Credit Card: A seamless experience

Before we delve into the advantages of the IndusInd Bank EazyDiner Credit Card, it is worth highlighting the ease of application with IndusInd Bank. In today’s digital age, convenience is paramount. Hence, you can apply for this credit card online, ensuring a hassle-free application process from the comfort of your home.

IndusInd Bank Credit Cards offer a completely digital application process and gives  instant approvals so that you can enjoy the features and benefits of these cards instantly.

This credit card is ideal for those who enjoy dining delicacies and shopping. It provides exclusive offers and discounts on dining bills with the complimentary EazyDiner Prime Membership. So, if you are a frequent diner, the IndusInd EazyDiner Credit Card is a great choice for you.

Unique features of the IndusInd Bank EazyDiner Credit Card

Along with instant discounts to accelerated rewards on dining, shopping and entertainment, the IndusInd Bank EazyDiner Credit Card offers a host of features. Here are some key features of this credit card –

Dining delights

Elevating your culinary experiences, the IndusInd EazyDiner Credit Card offers exceptional benefits for food enthusiasts.

• Enjoy exclusive discounts and offers at partner restaurants, ranging from fine dining establishments to casual eateries.
• Enjoy GUARANTEED 25% up to 50% OFF at over 2000+ premium restaurants & bars
• ·         Avail extra 25% discount o[Pr1] f up to ₹1,000 on your dining bills every time you book and pay through the EazyDiner app. Thus, each meal becomes an opportunity to savour both flavours and savings. [Pr2] 
• You also get a 1-year EazyDiner Prime membership worth ₹2,395.

Instant approval

You get an instant credit card with IndusInd Bank in 3 easy steps. The process is 100% paperless online application process with instant approval. You simply need to fill out the online application form and complete the online vkyc process.

. IndusInd Bank grants instant approval based on your eligibility, so you can acquire the card promptly.

Contactless technology

Enjoy the convenience of contactless payments with the EazyDiner Credit Card. Get a faster day-to-day transaction experience at over 10 lakh outlets in India. Seamlessly conduct transactions with the card’s contactless payment technology, ensuring security and efficiency in every purchase.

Travel privileges

Beyond dining, the card extends its benefits to travel.

• Gain two complimentary access to domestic airport lounges quarterly.
• You get a gift voucher worth ₹5,000 at Postcard Hotels to elevate your travel experience.

Entertainment benefits

Your EazyDiner Credit Card comes with attractive entertainment benefits. As a cardholder, you can enjoy two complimentary movie tickets worth ₹200 every month.

Benefits of using the IndusInd Bank EazyDiner Credit Card

• Welcome rewards: As a new cardholder, your journey begins with a warm welcome. Enjoy complimentary dining vouchers and reward points that exemplify the card’s commitment to an enhanced experience. Upon signing up, you get 2,000 EazyPoints as a welcome bonus. You can redeem these points anytime to avail yourself of exclusive discounts and offers on various expenses.
  
  
• Prime exclusive benefits: Once you sign up for the card, you become an EazyDiner Prime Member. With this membership, you can enjoy guaranteed discounts of 25% to 50% at over 2,000 restaurants across India. Additionally, you unlock prime exclusive benefits such as 3X EazyPoints, which you can later redeem for free luxury hotel stays and complimentary meals.
  
  

How to maximise your benefits?

Here is how you can maximise your discounts and offers when you dine out with the IndusInd EazyDiner Credit Card –

1. Go to the EazyDiner app/website.
2. Select a deal at your preferred restaurant and confirm your booking.
3. Enjoy your meal at the restaurant.
4. To pay your bills, open the app and select PayEazy.

Dining discounts via the IndusInd Bank EazyDiner Credit Card

Let’s calculate estimate savings when you spend an amount of ₹5,000 at a restaurant of your choice. Here is the overall discount on your expenses when using the IndusInd Bank EazyDiner Credit Card.

• A 25% discount on your Prime Membership, contributing to savings of ₹1,250.
• An extra 25% discount on the balance amount of ₹3,750, which amounts to ₹937, when paying through the IndusInd Bank EazyDiner Credit Card.
• You may also get additional discounts through EazyPoint redeems. Assuming you have 1,000 EazyPoints and the value of each is ₹0.20, you enjoy an additional discount of ₹200.

Final payable amount = ₹5,000 – (₹1,250+₹937+₹200) = ₹2,613

So, your total discount on the bill of ₹5,000 becomes ₹2387, and your final payable amount comes down to ₹2,613, which is almost half of the original bill amount!

Conclusion

Credit cards have revolutionised the way we spend, transact and shop. For food enthusiasts, who like trying new cuisine and exploring delicacies, the IndusInd Bank EasyDiner Credit Card is a perfect fit as it offers numerous dining discounts and privileges.

This EazyDiner Credit Card emerges as a true epitome of convenience, luxury and versatility. With features designed to elevate your lifestyle, benefits that cater to your dining requirements, and rewards that resonate with your preferences, this credit card seamlessly intertwines modern finance and sophistication.

Applying for the IndusInd EazyDiner Credit Card online, with instant approvals, exemplifies the card’s commitment to making your journey swift and seamless. So, why wait? Apply for the IndusInd Bank EazyDiner Credit Card!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

Travel is not just a journey; it’s an adventure, an opportunity to create memories that last a lifetime. Whether you’re a globe-trotter or someone who enjoys the occasional getaway, using the right credit card can make a world of difference in maximizing your travel savings. In this blog, we’ll explore how IndusInd Bank Credit Cards, specifically the IndusInd Bank Club Vistara Explorer Credit Card and the IndusInd Bank Avios Visa Infinite Credit Card, can help you embark on your dream vacations while saving big. 
 

IndusInd Bank Club Vistara Explorer Credit Card: Flying High with Benefits 

The IndusInd Bank Club Vistara Explorer Credit Card is designed for those who love to travel by air. Here’s how it can help you soar to new heights while saving on your journeys: 

1. Welcome Bonus: Get started on your travel savings journey with a generous welcome offer. As a new cardholder, you’ll receive complimentary Club Vistara Gold membership with exclusive privileges like priority check-in, priority boarding, additional baggage handling & more. 

2. Club Vistara Points: Every time you use your IndusInd Bank Club Vistara Explorer Credit Card, you earn Club Vistara Points. You can earn up to 8 CV points for every ₹200 spent. These points can be redeemed for flight tickets, upgrades, and other travel-related expenses. The more you spend, the more you earn. 

3. Complimentary Air Tickets: Enjoy complimentary economy class tickets when you achieve specific spending milestones. To give you an idea, you earn 1 business class ticket voucher on achieving a spending milestone at ₹3 lakhs and upto 5 business class ticket vouchers. 
    

4. ZERO Fee Benefits: You can enjoy ZERO Forex Markup on all your international transactions with your IndusInd Bank Club Vistara Explorer Credit Card. In fact, you have to pay ZERO cash advancement/withdrawal charges, ZERO Late Payment Fee and Over Limit Fee. 

5. Concierge Services: A team of highly experienced professionals are to assist you 24×7. The concierge will aid you in all your pre-trip planning, hotel reservation, flight booking & more. 

6. Lounge Access: Get access to 600+ lounges across the world with our Priority Pass Programme. You can have 4 complimentary visits to international lounges every quarter of a calendar year. 
    

IndusInd Bank Avios Visa Infinite Credit Card: Your Passport to Savings 

If you’re a frequent flyer, the IndusInd Bank Avios Visa Infinite Credit Card is your ticket to unlocking travel savings like never before. Every time you spend with this card, you earn Avios as reward points. Check out the best-in-class benefits like: 

• Welcome Bonus  
  If you choose Qatar Airways Privilege Club  

1. Complimentary Gold membership tier with Qatar Airways Privilege Club 

2. 20,000 bonus Avios 

 
If you choose British Airways Executive Club  

1. 55,000 bonus Avios 

• Rewards – Earn 5 Avios on every ₹200 spent at your preferred international destination for Point-of-Sale transactions. 

• Lounge Access – Enjoy 2 international and 2 domestic lounge visits per calendar quarter   
   

• Milestone Benefits – Get 25,000 bonus Avios after your first spends of ₹8 lakhs in a year and another 25,000 bonus Avios after your second spends of ₹8 lakhs in the same year 
   
• Travel Insurance – Get a complimentary personal air accident insurance cover of up to ₹60 lakhs 

 
Conclusion 

Traveling is all about creating cherished memories and exploring the world. IndusInd Bank understands this and offers two incredible credit cards, the IndusInd Bank Club Vistara Explorer Credit Card and the IndusInd Bank Avios Visa Infinite Credit Card, to help you maximize your travel savings and make your journeys more rewarding. 

Apply for these credit cards today and experience a world of benefits, from complimentary flight tickets to airport lounge access, travel insurance, and exclusive discounts. Start your journey with IndusInd Bank and let your dreams take flight. 

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.