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IndusInd Bank is among the top financial institutions and its credit cards are among the quality services on offer. These credit cards cater to different needs and goals and are spread across numerous categories, such as: 

  • Lifestyle

  • Travel

  • Rewards

  • Cashback

     

However, you will have to pay certain fees for using these cards. Among these is the interest rate, which gets levied if you do not make timely payments. The IndusInd Bank credit card interest rates depend on your card type. 

 

Generally, premium credit cards have higher interest rates as compared to standard cards. Read on to know more about IndusInd credit card interest rates and more.

How Are IndusInd Credit Card Interest Rates Calculated?

IndusInd Bank credit card interest rates get calculated annually and these form the Annual Percentage Rate (APR). This is the total interest rate levied on your IndusInd credit card in a year. On the daily due credit amount, IndusInd charges a monthly interest, which is called Daily Periodic Rate.

But, how are IndusInd Credit Card interest rates calculated on a daily basis? One way to go about it is by using this formula: Daily Periodic Rate = APR/ Number of days in a year.

 

For example, if IndusInd Bank sets the interest rate at 4% monthly, the APR would be 48% (4 X 12), and the daily period rate would be 0.1315% (48/365). 

 

Now, depending on the bank’s policy and card type, the bank will calculate the interest on a daily or monthly basis.

 

Remember, the IndusInd credit card interest rates are only applicable if you do not pay the bill amount by the due date. If you do pay the bill on time, the bank will not levy any interest charge. 

 

Keep in mind that the interest charge is different from the late payment charge. The latter gets levied if you don’t pay the minimum due on time.

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Interest Rates of Top IndusInd Bank Credit Cards

There are a variety of credit cards that IndusInd Bank offers to its customers. Each of these credit cards has unique features and services designed to help you to make the most of it. But, the interest rate varies depending on the card you have. 

 

Here are some top IndusInd credit card interest rates:

IndusInd Credit Card Name

Rate of Interest (Monthly)

Rate of Interest (Annually)

IndusInd Bank Pinnacle Credit Card

3.83%

46.00%

IndusInd Bank Nexxt Credit Card

3.83%

46.00%

IndusInd Bank Platinum Aura Edge Credit Card

3.95%

47.40%

IndusInd Bank Legend Credit Card

3.95%

47.40%

IndusInd Bank InterMiles IndusInd Bank Voyage Credit Card

3.83%

46.00%

IndusInd Bank InterMiles IndusInd Bank Odyssey Credit Card

3.83%

46.00%

IndusInd Bank Platinum Credit Card

3.95%

47.40%

IndusInd Bank Duo Credit Card

3.83%

46.00%

IndusInd Pioneer Legacy Credit Card

3.83%

46.00%

IndusInd Pioneer Heritage Credit Card

3.83%

46.00%

IndusInd Indulge Credit Card

1.79%

21.48%

Disclaimer: These IndusInd credit card interest rates are as of August 2023 and are subject to change as per bank’s policies.

What is the IndusInd Credit Card Interest-Free Period?

IndusInd credit cards are packed with various features, schemes, and deals for the benefit of the cardholders. One of these is that as an IndusInd credit cardholder, you can enjoy an interest-free period of 50 days.


An interest-free period means that the bank will levy no interest on your outstanding amount during this period. It generally is the time from the start of your statement cycle till the due date. If you do not pay your dues during this period, the bank will start charging you interest.

FAQs Related to IndusInd Credit Card Interest Rates

What is the interest rate on the IndusInd credit card?

The IndusInd credit card interest rates are 3.49% or 3.95% monthly, depending on your card type. The bank charges the interest rate on the total outstanding amount if you do not pay the bill before the due date.

How to calculate the Interest rate on IndusInd credit cards?

The IndusInd Bank credit card interest rates are calculated through Annual Percentage Rate (APR). This is the total percentage of interest levied yearly and is fixed as per the bank policies and other benchmarking rates. You can get the Daily Periodic Rate by dividing APR by the number of days in a year. 


The formula used is as follows: Interest = [{Outstanding Amount*Monthly Interest Rate*12 months} Number of Days] / 365 days.

Is credit card interest free?

All credit cards generally have an interest-free period of 20- 50 days. For an IndusInd credit card, you can get a 50-day interest-free period.

Is interest levied on all transactions on the IndusInd credit card?

The IndusInd credit card interest rates are applicable when you don’t pay the bill by the due date. If you pay the bill before the due date, there will be no interest charge. 

 

However, there are certain transactions that attract a charge. This includes cash withdrawal which attracts an interest charge from the day you carry it out till the day you pay it.

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