How small business owners can maximize benefits with IndusInd Bank Credit Cards?

Posted on Monday, August 21st, 2023 | By IndusInd Bank

As a small business owner, you may have many expenses to manage, such as inventory, supplies, utilities, rent, salaries, taxes, and more. You may also have some income sources, such as sales, invoices, contracts, or grants. But how can you balance your cash flow and optimize your spending? One way is to use a credit card that offers you rewards, discounts, and other benefits that suit your business needs. 

If you are thinking about benefits, you can always consider IndusInd Bank Credit Cards. IndusInd Bank offers a range of credit cards for different segments of customers, including small business owners. Here are some of the features and benefits of IndusInd Bank credit cards that can help you maximize your business potential. 

Features of IndusInd Bank credit cards 

• High credit limit: IndusInd Bank credit cards offer you a high credit limit that can help you meet your business expenses without worrying about running out of funds. You can also request an increase in your credit limit based on your usage and repayment history. 
   
• Low interest rate: IndusInd Bank Credit Cards charge you a low interest rate on your outstanding balance, which can help you save money on interest payments. You can also enjoy up to 50 days of interest-free period on your purchases, which can give you more time to repay your dues. 
   
• Flexible repayment options: IndusInd Bank Credit Cards allow you to choose from various repayment options, such as minimum amount due, total amount due, etc. You can also opt for cash credit, where your reward points are utilised to pay your outstanding dues. 
   

• Lifetime free: You do not have to pay any annual or joining charges for some IndusInd bank credit cards, meaning you will be able to benefit from the benefits of your card at no additional cost. 

Benefits of IndusInd Bank Credit Cards 

• Rewards program: IndusInd Bank credit cards offer you a rewards program that lets you earn points on every purchase that you make with the card. You can redeem these points for various rewards, such as gift vouchers, merchandise, air miles, hotel stays, or cashback. You can also earn bonus points on certain categories of spending, such as fuel, dining, travel, or online shopping. 
   
• Discounts and offers: IndusInd Bank credit cards provide you with discounts and offers on various products and services that can benefit your business. For example, the IndusInd Bank Club Vistara Credit Card offers you incredible perks and benefits on your travel plans. It is the ideal credit card for someone who flies frequently for business. 
   

• Insurance and protection: IndusInd Bank credit cards offer you insurance and protection benefits that can safeguard your business from unforeseen risks. You can get complimentary insurance cover for air accidents, lost card liability, and more. You can also get fraud protection with Total Protect feature for any unauthorized transactions in case of loss or theft of card. 
   
• Value-added services: IndusInd Bank credit cards offer you value-added services that can enhance your convenience and comfort. You can get access to airport lounges, concierge services, fuel surcharge waiver, priority pass membership, and more.  

How to use your IndusInd Bank Credit Card wisely 

Once you have received your IndusInd Bank Credit Card, you should also use it wisely and responsibly to avoid any financial troubles or penalties. Here are some tips on how to use your IndusInd Bank credit card wisely: 

• Pay your bills on time: You should always pay your credit card bills on time and in full to avoid any late payment fees, interest charges, or negative impact on your credit score. You can also set up an auto-debit facility or a reminder service to ensure timely payments. 
   
• Stay within your credit limit: You should always keep track of your credit card balance and stay within your credit limit to avoid any over-limit fees or declined transactions. You can also request a credit limit increase if you need more funds for your business. 
   
• Use your rewards wisely: You should always use your rewards points wisely and redeem them for the best value possible. You can choose from a variety of rewards options that suit your business needs or preferences.  
   
• Monitor your spending: You should always monitor your spending habits and patterns with your credit card. You can use the IndusMobile app to check your transaction history, statement details, reward points balance, and more.  

Conclusion 

A credit card can be a valuable asset for small business owners if used properly. It can help you manage your cash flow, earn rewards, access discounts and offers, and protect your business from risks. However, you should also be careful about the fees, interest rates, and credit score implications of using a credit card. 

One of the credit cards that you can consider for your small business is the IndusInd Bank credit card, which offers you a high credit limit, low interest rate, flexible repayment options, no annual fee, and a variety of features and benefits that suit your business needs. You can apply for an IndusInd Bank credit card online and use it wisely and responsibly to maximize your business potential. 

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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.