IB-VISA-Business
Keep₹0 to take out, ₹500 a year to keep — and ₹3.5 lakh a day of headroom to spend it.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — and a business card's accelerator is usually the point. This card is not on the board, which ranks personal cards only; it is ranked against other business cards on /best/business, where the tax, GST and vendor-payment rungs ARE credited and its ₹ reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹5,000 a month
At ₹5,000 a month — ₹60,000 a year — on the everyday mix this card returns ₹600 gross (earn ₹600) against its ₹500 fee = ₹100 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #576
Why #576 A business card carried, not ranked. What it is: the commercial rung of Indian Bank's Visa shelf — double the consumer fee, four times the waiver bar, and the only variant the bank leaves out of its published purchase-interest list.
The take
Business is the commercial rung of Indian Bank's Visa shelf, and it is priced like one. The bank charges no joining fee on anything it issues and nothing at all in year one; from the second year the annual maintenance charge is ₹500, double what Gold, Platinum and the RuPay cards pay, and the spend that makes it disappear is ₹2,00,000 rather than ₹50,000. So the fee is real for a small firm and invisible for one running its payables through the card. What the extra ₹250 buys is headroom and cover. The daily-limit table gives this card ₹50,000 at an ATM, ₹3,00,000 at a terminal and ₹3,50,000 in aggregate — against ₹2,00,000 aggregate on Platinum and ₹20,000 on Bharat — and the free Visa insurance schedule puts it in the top band beside Platinum and Gold: ₹5,00,000 for death by air accident, ₹2,00,000 for any other accident, ₹1,00,000 of accident hospitalisation to age 65, ₹10,000 of baggage cover, and ₹25,000 each of credit shield and purchase protection. The one thing it gives up against the consumer cards is the add-on: the first supplementary card's accident cover reads "Not Applicable" where Gold's reads ₹1,00,000. Two gaps are worth naming before you sign. Indian Bank lists a purchase interest rate for Gold, Bharat, Platinum and every RuPay variant and does not list one for Business, so what a revolved balance costs on this card is not published; cash withdrawals are stated, at 2.25% a month. And this is the harsher of the MITC's two charge columns — ₹250 late fees, ₹250 to replace the card, ₹50 a cash advance — with a 3% foreign-currency markup that is under India's 3.5% norm without being anywhere near a travel card's 2%.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹500/yr at stake · 5 spend bands
The charge ₹0 joining, then ₹500/yr
The waiver ₹2,00,000 of spend in the year before renewal — about ₹16,667 a month — and the renewal fee is not charged.
Break-even ₹5,000 a month — ₹60,000 a year — is where this card's value crosses its fee.
At your spend
₹3,000 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹6,000 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹12,000 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹36,000 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹60,000 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Indian Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- No joining fee at all and nothing in year one — ₹500 a year from the second, waived on ₹2,00,000 of previous-year spend
- ₹3,50,000 of daily aggregate headroom, against ₹2,00,000 on Platinum and ₹20,000 on Bharat
- Top-band free Visa cover: ₹5,00,000 air accident, ₹2,00,000 other accident, ₹1,00,000 hospitalisation, ₹10,000 baggage
- ₹25,000 of credit shield and ₹25,000 of purchase protection, at the bank's cost
- 3% foreign-currency markup, under India's 3.5% norm, on a column the Bharat and RuPay cards do not get
- Up to 45 days interest-free, on a 20th-to-19th billing cycle with payment due on the 5th
Watch out
- 1.99% a month on purchases — 23.88% a year, matching the Gold and well above the Platinum's 1.66%. The MITC omits this variant entirely; the rate comes from Indian Bank's per-variant features sheet, so confirm it on your own welcome kit
- The waiver bar is ₹2,00,000 a year, four times what every consumer variant on the same shelf is set
- THE EARN RATE HERE MAY BE DOUBLE WHAT THIS CARD PAYS. The Jan-2025 rewards poster this 1% comes from says "IB Credit Card" and names no variant; the bank's per-variant features sheet — older, Dec 2023, still live — earns the Business card 1 point per ₹200, half that. Ask which applies before you count on it
- The first add-on card gets NO accident cover: the insurance table reads "Not Applicable" where Gold's reads ₹1,00,000
- The harsher charge column: ₹250 late fee, ₹250 cheque return, ₹250 to replace the card, ₹50 cash-advance fee, against ₹50/₹50/₹100/₹25 on the Bharat and RuPay side
- Rent, utilities, fuel, insurance, jewellery and government spends earn half the headline rate
- No cashback at all on wallet loads, EMI transactions, ATM withdrawals, or UPI transactions below ₹2,000
- Cash withdrawals accrue interest at 2.25% a month (27% a year) from the transaction date, plus a ₹50 fee
- No lounge access is stated anywhere on Indian Bank's card page or in its MITC, and none is claimed here
- Online, NFC and international transactions are DISABLED by default — you must switch them on in the card portal
What these points actually fly
No live transfer route takes Statement cashback (₹) into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
What earns, what doesn't
1 sourced rule
Indian Bank's own rewards sheet prices every variant on one cashback table, the business card included, and government sits in its half-rate row. Only the government row is asserted here.
- Government / tax · reduced ₹0.50 per ₹100 vs ₹1 per ₹100 — Indian Bank halves the cashback on rent, utilities, fuel, insurance, jewellery and government, in the sheet's own row, and credits it in the same billing month. A cut, not a zero, which is more than most business cards pay on a GST challan. No cap is published on the row
Does your spend count toward the fee waiver?
not published — and we say which
₹2,00,000 a year is the bar that waives the ₹500 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Indian Bank states what the IB-VISA-Business earns and does not earn, but has not published which spend categories count toward the fee waiver — the ₹2,00,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
Through an Indian Bank branch, against the corporate or business entity rather than a person — the bank's own line is "For easy expense management of Corporate / Business Entity". Indian Bank publishes no turnover floor, vintage requirement or credit-score bar for it; the only number attached to the card outside the fee table is the ₹2,00,000 of annual spend that waives the maintenance charge. Ask for the purchase interest rate in writing: the MITC states one for every other variant on the shelf and not for this one. After activation, log into creditcard.indianbank.bank.in and enable online, NFC and international transactions — Indian Bank ships all three switched off.
Indian Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Indian Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official Indian Bank's "Credit Card Features and Benefits" sheet — the per-variant block behind this card: Gold/Platinum variants, 1.99% a month, 1 point per Rs.200, AMC Rs.500 from year two
- official Indian Bank credit-card MITC — the ₹500 business AMC and its ₹2,00,000 waiver, the ₹3,50,000 daily limit, the Visa insurance table and the charge column this card sits in
- official Indian Bank's rewards sheet — ₹1 cashback per ₹100 spent credited to the same month's statement, ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government
- official Indian Bank's credit-card page — the variant shelf, the ₹2,00,000 business AMC-waiver threshold and the RBI default-disabled transaction note