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IndusInd launches ODCC Linked Credit Card for OD/CC borrowers

IndusInd's new commercial card spends straight from a business's overdraft or cash-credit limit. The KFS prints no joining or annual fee and 1.99% forex, and leaves cashback as 'As Applicable'.

What changed

Better for you

Launch · IndusInd Bank

Before

IndusInd commercial range was Corporate / CTA / Purchase (Fortuna, eSvarna) plus Saarthi/Vrddhi business cards — no OD/CC-linked plastic

After

Commercial card draws on the sanctioned overdraft or cash-credit limit in real time; joining and annual fees Not Applicable; forex 1.99% + GST; cashback As Applicable

See it with every other change

The card this affects

IndusInd Bank has put a credit card on top of a business’s existing Overdraft or Cash Credit facility. The card has no limit of its own. Every swipe debits the OD/CC account in real time, so there is no billing cycle, no interest-free period and no card APR.

What the Key Facts Statement prints:

  • Joining and annual fee: Not Applicable. That is a published zero, so the card is filed as free.
  • Forex: 1.99% + GST, about half the usual Indian markup. DCC carries 1%.
  • Lounge access: Not Applicable.
  • Rewards/Cashback: “As Applicable”. The benefit guide says rates vary by merchant category and transaction type but prints no percentage, so we carry the earn as unpublished, not zero.

It ranks only on the business board, against other business cards, never against personal ones.

Source: IndusInd Bank — ODCC Linked Credit Card KFS.

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  3. CRED IndusInd RuPay lifts 500-point cap — 1% back

  4. IndusInd's top cards now need ₹5 lakh a quarter to open a domestic lounge

  5. IndusInd Pioneer Legacy lounge visit now ₹1.5 lakh spend

  6. IndusInd doubles its DCC fee to 2% on its mass-market cards

IndusInd Bank transfer partners

Sources

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