Benefits of the IDBI Bank Times Points Credit Card

• Versatile Reward Redemption: The Times Points earned on the card can be redeemed for a variety of options through the bank’s partnership with Times Points, a popular loyalty program. Cardholders can use their points to book movie tickets, shop at partner merchants, or redeem for gift vouchers, travel bookings, and lifestyle products. The flexibility of redemption options ensures that cardholders can choose rewards that align with their preferences, enhancing the card’s value.
• Cost Savings on Fuel: The 1% fuel surcharge waiver translates to significant savings for cardholders who frequently refuel their vehicles. With fuel prices often fluctuating, this benefit helps reduce out-of-pocket expenses, particularly for those who commute regularly or undertake long drives. The cap of Rs. 400 per billing cycle ensures consistent savings without overuse.
• Enhanced Rewards on Special Occasions: The double Times Points during the cardholder’s birthday month is a standout benefit, allowing users to maximize rewards on celebratory spending. Whether it’s dining out, shopping for gifts, or planning a special trip, this feature adds a festive boost to the card’s rewards program.

How to Apply for the IDBI Bank Times Points Credit Card

• Online Application via IDBI Bank Website:
  • Visit the official IDBI Bank website and navigate to the ‘Credit Cards’ section.
  • Select the Times Points Credit Card and click ‘Apply Now’ to access the online form.
  • Fill in your personal, contact, employment, and income details accurately.
  • Upload scanned copies of required documents (PDF/JPEG format).
  • Submit the application and save the reference number for tracking status.
• Offline Application at Branch:
  • Visit your nearest IDBI Bank branch and request the Times Points Credit Card application form.
  • Fill out all the details clearly and attach self-attested photocopies of your documents.
  • Submit the form with physical copies of identity, address, and income proof.
  • Bank personnel may verify originals during submission.
• Application via Customer Care:
  • Call IDBI’s 24x7 toll-free number 8885545255.
  • They will also guide you through documentation and next steps.
• Expression of Interest via GO Mobile+ App:
  • Log in to the GO Mobile+ app using your credentials.
  • Navigate to the credit card section and select “Apply for a New Card.”
  • Provide basic details and request a callback from a bank executive.
• Eligibility Criteria:
  • Age: 21–60 years for salaried; up to 65 years for self-employed. Add-on cardholders must be 18+.
  • Nationality: Must be a resident Indian.
  • Income: Stable source of income required; minimum income varies based on profile and location.
  • Credit Score: Preferred CIBIL score of 750+ for better approval chances.
• Required Documents:
  • Identity Proof: Aadhaar, PAN, Passport, Driving License, or Voter ID.
  • Address Proof: Aadhaar, Passport, Utility Bill, or Rental Agreement.
  • Income Proof:
    • Salaried: Last 3 months’ salary slips, Form 16, and 3-month bank statement.
    • Self-Employed: Last 2 years’ ITR, financial statements, and 3-month bank statement.
  • Others: 1–2 recent passport-size photographs and PAN (mandatory).
• Application Review and Approval:
  • After submission, IDBI Bank will verify your documents, income, and credit score.
  • Processing time is typically 7 working days post-verification.
  • You will receive SMS/email updates on approval and dispatch.
• Card Delivery and Activation:
  • Approved cards are delivered via courier; AWB tracking details are shared.
  • Activate the card using GO Mobile+ app, internet banking, or customer care.
  • Set up your PIN for secure transactions.

Eligibility Criteria for the IDBI Bank Times Points Credit Card

• Age Requirements:
  • Primary Cardholder: Must be between 21 and 60 years old.
  • Self-Employed: Maximum age may extend up to 65 years.
  • Add-On Cardholders: Must be at least 18 years old (typically immediate family members).
• Residency and Citizenship:
  • Only Indian residents are eligible to apply.
  • Applicants must reside in IDBI Bank’s serviceable areas; “No Issue Zones” may result in rejection.
• Income Requirements:
  • Salaried Individuals: Should demonstrate consistent monthly income via salary slips or bank statements.
  • Self-Employed Professionals: Must provide ITRs or business financials to confirm a stable income source.
  • Exact income thresholds are not publicly disclosed and may vary by location and profile.
• Employment Status:
  • Salaried: Preferred if employed with a reputed organization and a stable tenure.
  • Self-Employed: Business owners and professionals must show operational stability (generally 2+ years).
• Existing Banking Relationship:
  • Maintaining a savings account, salary account, or FD with IDBI Bank enhances approval chances.
  • Salaried applicants with an IDBI salary account may benefit from faster processing.
• Creditworthiness:
  • CIBIL Score: A score of 750+ is preferred for approval.
  • Applicants with a strong repayment record and low credit utilization are more likely to be approved.
• Debt-to-Income Ratio:
  • A lower DTI ratio (preferably below 40%) reflects better repayment capacity.
  • Applicants with high ongoing EMIs may face reduced eligibility.
• Documentation and Accuracy:
  • All submitted documents (identity, income, address) must be valid, current, and consistent.
  • Discrepancies may lead to rejection or further scrutiny.
• Educational Qualification:
  • Though not mandatory, graduation or equivalent education may enhance eligibility for salaried applicants.
• Application and Verification Process:
  • Apply via IDBI Bank’s online portal, Times Group platform, or nearest IDBI branch.
  • The bank may conduct KYC verification, background checks, and income verification before approval.
• Additional Review Factors:
  • The bank reserves the right to approve or decline applications based on internal policies, even if basic criteria are met.
  • Spending patterns and lifestyle suitability may also be considered.