IndusInd Fortuna AdvantEdge Credit Card
- Updated On: 15 October, 2024
IndusInd Bank launched two credit cards focusing on businesses, whether small startups or large companies. The first is the Fortuna Prima credit card, and the second is the Fortuna AdvantEdge credit card. With its more valuable features, the IndusInd Bank Fortuna AdvantEdge Credit Card stands out as a much better option for businesses.
One of the key highlights of the AdvantEdge Credit Card is its impressive cashback program. Cardholders can earn 1.10% cashback on retail purchases, provided they spend a minimum of ₹1 lakh during a billing cycle, with a maximum earning potential of ₹30,000 in a single cashback cycle. The card provides access to domestic airport lounges and complete insurance coverage, including card liability coverage of up to ₹25 lakhs and corporate liability waiver insurance of up to ₹25 lakhs.
The AdvantEdge Credit Card offers a fuel surcharge waiver, which reduces fuel expenses by waiving 1% of the surcharge on purchases. Cardholders can also personalize their card with embossed corporate names, adding a professional touch while representing their corporate identity with style. To know all the details related to the Fortuna AdvantEdge credit card, continue reading.
IndusInd Fortuna AdvantEdge Credit Card
( 4.4 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
1.10% cashback on MCC spends
Welcome Benefits
N/A
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
1.10% cashback on MCC spends
Reward Redemption
Earned cashback will be automatically credited to the cardholder’s account.
Travel
N/A
Domestic Lounge Access
2 complimentary domestic airport lounges annually
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
Insurance cover against card liability up to ₹25 lakhs, corporate liability waiver insurance of up to ₹25 lakhs
Fees & Charges
Spend-Based Waiver
Rewards Redemption Fee
Foreign Currency Markup
3.50%
Interest Rates
Not applicable
Fuel Surcharge Waiver
1% fuel surcharge waived for fuel transactions between ₹500 – ₹10,000
Cash Advance Charges
3.35% from the date of withdrawal
Product Details
- Cashback of 1.10% on retail purchases will be directly credited to the cardholder’s account.
- A 1% fuel surcharge waiver on all fuel stations in India.
- Complimentary access to airports twice every year.
Pros/Cons
Pros
- Personalized embossing with corporate names
- Insurance coverage of up to ₹25 lakhs
Cons
- There are no discounts on entertainment and dining
- No welcome or milestone benefits
Features of the AdvantEdge Credit Card
Impressive Cashback
When applying for the Fortuna AdvantEdge Credit Card, users will get impressive cashback on all retail purchases. Users can earn 1.10% cashback when making transactions with the IndusInd AdvantEdge Credit Card. To be eligible for cashback, you need to spend a minimum of ₹1 lakh during one billing cycle, and transactions higher than ₹100 will qualify for cashback. Transactions lower than ₹100 will not be considered for cashback. The maximum cashback you can earn in one cashback cycle is ₹30,000, which will be automatically credited to the following month’s statement.
| Spends | Regular MCC Cashback | Special MCC Cashback | |
| Slab 1 | Up to ₹2.5 Lakhs | 0.40% | 0.00% |
| Slab 2 | ₹2.5 Lakhs – ₹5 Lakhs | 0.70% | 0.10% |
| Slab 3 | ₹5 Lakhs – ₹7.5 Lakhs | 0.90% | 0.15% |
| Slab 4 | ₹7.5 Lakhs – ₹10 Lakhs | 1.10% | 0.20% |
Domestic Airport Lounge Access
Users who have the Fortuna AdvantEdge Credit Card have access to domestic airport lounges, which provide a comfortable experience for travelers. With amenities like complimentary Wi-Fi, comfortable seating, and access to delicious meals, it provides a relaxing environment to de-stress before a flight. Users will get 2 domestic airport lounges every year to have a relaxing and comforting time before onboarding the flight.
Insurance Coverage
Insurance coverage is another important factor that makes AdvantEdge cards a top contender in the credit card business. When you use the Fortuna AdvantEdge Credit Card, you can feel secure knowing that a complete insurance package covers you. This package includes Card Liability Coverage of up to ₹25 lakhs and Corporate Liability Waiver Insurance of up to ₹25 lakhs, protecting you against the risk of employee fraud.
Fuel Surcharge Waiver
The Fortuna AdvantEdge Credit Card lets you save money on fuel expenses by waiving 1% of the surcharge on fuel purchases between ₹500 – ₹10,000.
Embossing on the Credit Card
Embossing on the Fortuna AdvantEdge credit card allows you to add a unique touch by personalizing your card with the company name. You can choose to emboss the corporate name, with a maximum of 19 characters, including spaces and department names, according to your preference. The embossed corporate name, as specified on the application form, adds a professional touch to your IndusInd Bank Fortuna AdvantEdge Card, making it stand out while also representing your corporate identity with style.
Fortuna AdvantEdge Credit Card Review
The Fortuna AdvantEdge Credit Card from IndusInd Bank is a great choice for businesses, as it provides impressive benefits and features. With a strong cashback program, cardholders can earn up to 1.10% cashback on retail purchases, along with access to domestic airport lounges. The card also provides a fuel surcharge waiver, allowing users to save on fuel expenses. One of the biggest flexes of this card is that users can personalize their card with embossed corporate names, adding a professional touch to their business transactions. All in all the Fortuna AdvantEdge credit card is a valuable asset for businesses with all the financial benefits it provides.
FAQs:
Is there a joining fee for the IndusInd Fortuna AdvantEdge Credit Card?
The joining fee for the IndusInd Fortuna AdvantEdge Credit Card ranges from ₹0 – ₹10,000 plus taxes.
How many domestic airport lounges can cardholders access annually?
Cardholders can access 2 complimentary domestic airport lounges each year, providing a comfortable experience before flights.
What are the fees and charges associated with the Fortuna AdvantEdge card?
The card has a foreign currency markup of 3.50%, and a fuel surcharge of 1% is waived for fuel transactions between ₹500 and ₹10,000. The renewal fee ranges from ₹0 to ₹10,000 plus taxes.
Does the card provide any welcome benefits?
The IndusInd Fortuna AdvantEdge Credit Card does not offer any welcome benefits.
1 comment
Aravind Arora
I really like how easy it is to earn cashback on both big and small purchases. It feels great to get rewards every time I use my card.