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What is the IndusInd Credit Card Interest Rate?

**Disclaimer: IndusInd Bank is not a Finserv MARKETS’ partner. Offers would be from partner Banks/NBFCs only.

 

Among the best private banks operating in India, IndusInd bank is known for its quality services, attractive schemes, and reasonable policies. IndusInd bank efficiently caters to their account holders’ different needs and goals by offering a variety of IndusInd credit cards for lifestyle, travel, etc. However, the IndusInd credit cardholders will have to pay a nominal amount for using IndusInd funds during a billing cycle. This nominal fee charged by the IndusInd bank is known as the interest rate.

IndusInd bank credit card interest rates depend on the credit card and are directly added to the monthly credit card statement of the account holder under ‘due amount’.

 

IndusInd bank credit card interest rate amount has to be duly paid by the account holder to avoid any penalty. IndusInd bank levies interest on the outstanding amounts. In case, the account holder has not made any transactions from the IndusInd credit card, the credit card interest rates will not be charged. However, in scenarios where partial repayment is done, IndusInd allows the customer to carry forward the outstanding amount in the next credit card payment billing cycle (with interest).

 

How Are IndusInd Credit Card Interest Rates Calculated?

IndusInd bank credit card interest rates are calculated annually via APR (Annual Percentage Rate). APR is the total interest rate levied on your IndusInd credit card. The APR functions on a yearly basis. On the daily due credit amount, IndusInd charges a monthly interest and is called Daily Periodic Rate.

Daily Periodic Rate = APR/ Number of days in a year.

For eg. - if IndusInd sets the interest rate at 4% monthly, the method to calculate payable interest rate on daily basis will be:

Interest Rate= [{Outstanding Amount * 4%*12 months} X Number of days] / 365 days.

Interest Rates of Top IndusInd Bank Credit Cards

There are a variety of credit cards that IndusInd bank offers to customers. Each of these credit cards has unique features and services designed for the benefit of the user. Here are some top IndusInd credit cards interest rates:

IndusInd Credit Card Name

Rate of Interest (Monthly)

Rate of Interest (Annually)

IndusInd Bank Platinum Select Credit Card

3.49%

46%

IndusInd Bank Platinum Aura Credit Card

3.49%

46%

IndusInd Bank Pinnacle Credit Card

3.49%

46%

IndusInd Bank Nexxt Credit Card

3.49%

46%

IndusInd Bank Platinum Aura Edge Credit Card

3.49%

46%

IndusInd Bank Iconia Credit Card

3.49%

46%

IndusInd Bank PAYBACK Credit Card

3.49%

46%

IndusInd Bank Legend Credit Card

3.49%

46%

IndusInd Bank InterMiles IndusInd Bank Voyage Credit Card

3.49%

46%

IndusInd Bank InterMiles IndusInd Bank Odyssey Credit Card

3.49%

46%

IndusInd Bank Platinum Credit Card

3.49%

46%

IndusInd Bank Duo Credit Card

3.49%

46%

What is the IndusInd Credit Card Interest-Free Period?

IndusInd credit cards features are packed with various schemes and deals for the benefit of the holders. Similarly, IndusInd credit cardholders can also enjoy the advantage of an interest-free period. The interest-free period is applicable for 50 days from the issue date of the IndusInd credit card. Only the cardholders who have paid the entire credit amount in the last month are eligible for this feature.

FAQs About IndusInd Credit Card Interest Rates

  • ✔️What is the interest rate on the IndusInd credit card?

    The bank charges the interest rate on the total outstanding amount on a daily basis, called Daily Periodic Rate. The rate is fixed by the bank and a cardholder needs to pay it to avoid penalties. The IndusInd bank credit card interest rate is 3.45% on a monthly and 49% on yearly basis.

  • ✔️How to calculate the Interest rate on IndusInd credit cards?

    The IndusInd bank credit cards interest rate is calculated via APR (Annual Percentage Rate). The rate is the total % interest levied yearly and is fixed by the bank itself. You can get the Daily Periodic Rate by dividing APR by the number of days in a year. The formula used is:

    Interest Rate= [{Outstanding Amount*Monthly Interest Rate*12 months} Number of Days] / 365 days.