Cardholders can make every penny that they spend on Andhra Bank Platinum Credit Card worth it with great reward points that can be redeemed against products from premium brands. This is a credit card that comes with several benefits such as an interest free period and also cash withdrawals whenever you have an emergency.
Features and Benefits of Andhra Bank Platinum Credit Card
Andhra Bank Platinum Credit Card is loaded with several features and benefits such as:
- You can earn one reward point worth 0.50 paisa with every ₹ 100 that you spend on your card.
- You have access to 24×7 concierge services across the globe to make hotel reservations, flight bookings and also send gifts to your loved ones.
- You can get a 1% fuel surcharge waiver when you purchase fuel up to ₹ 2,000 each day.
- Get the advantage of the lowest cash advance charges available at just 2% each month to withdraw cash at any ATM when you have an emergency.
- At the most nominal premium amount, you can get group accident insurance coverage of up to ₹ 10 Lakhs for the primary cardholder and ₹ 5 lakhs for all add-on cardholders.
- This credit card is accepted worldwide for online transactions and for purchases made at stores.
- You can apply for this card with no joining fee.
- You get 20 to 51 days of the interest-free period along with a revolving credit facility to make purchases easier.
- For spending ₹ 30,000 in a year, you get a waiver on the annual fees.
- The lowest service charge of 1.50% each month makes it easy for you to manage your revolving credit.
Please Note: Andhra Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
Fees and Charges of Andhra Bank Platinum Credit Card
Although there is no joining fee, there are some additional charges on this card that you need to be aware of, such as:
- Annual Fees: ₹ 1,000 towards the card against income and ₹ 400 for card against a deposit.
- Add on Card Fee: ₹ 300
- Interest on revolving credit: 1.5% each month which will be increased to 2.95% in case the minimum amount due is not repaid on time.
- Minimum amount due: 5% of your final bill amount.
- Cash advance limit: 50% of your credit card limit, subject to a maximum withdrawal of ₹ 20,000 every month.
Eligibility Criteria for Andhra Bank Platinum Credit Card
You can apply for Andhra Bank Platinum Credit Card online or at your nearest Andhra Bank branch if you fulfil the following conditions:
- The applicant should be an existing customer of Andhra Bank. In case you are not an existing member, the selection process is more stringent.
- An annual income of at least ₹ 3 Lakhs is mandatory in order to be eligible for this card.
- If any proof of income is not available, it is necessary that you have a cash deposit with Andhra Bank. This cash deposit must be a minimum amount of ₹ 1 Lakh. The applicant will be able to get 75% of the amount available as a deposit as the spending limit on the card.