IndusInd Bank Nexxt Push Button Credit Card
Push Button Credit Card is a new innovation in payment card technology introduced in India by IndusInd bank. The card is launched by the bank as the IndusInd Bank Nexxt Credit Card. This is the first interactive credit card launched in India. Push Button credit card offers the card holder the freedom to select payment options from EMI, Rewards or credit, at the click of a button in the credit card. The IndusInd Bank Nexxt Credit Card holder can exercise the option at the time of making payment at the point of sale (POS).
A Credit Card enables the card holder to utilize the limit approved to him by the bank and extended through the card during transactions. Due to the unsecular nature of credit facility, such cards are issued by banks only to their credit worthy customers. The bills against credit card usage are raised once in a month and the card holder can repay the used amount in full or part. Part payment and delay in payment carries higher interest.
The IndusInd Bank Nexxt Credit Card with Push Buttons offers an array of functionalities for a payment card through this revolutionary technology. This will push the competition in the digital banking segment in India to the next level.
How does the IndusInd Bank Nexxt Push Button Credit Card work?
IndusInd Bank Nexxt Credit Card, with the push buttons and interactive features provide three flexible options to the credit card holder. The card holder can select any of the following options at the time of making payment at the point of sale (POS).
a. Opt for credit
b. Convert the transactions into EMI. This feature provides 4 options of tenure. The customer can select 6,12,18 or 24 months as the tenure for the EMI conversion.
c. Can choose to select from accumulated reward points.
Suitable option can be selected by the card holder by pressing the button on the card. LED lights against the buttons on the card indicate the selected payment choice of the customer. The customer need not go through any of the hassles like paperwork, calling the bank or log in to banking channel to convert POS transactions into EMIs.
What are the additional features offered through IndusInd Bank Nexxt Push Button Credit Card?
According to IndusInd Bank, Push Button Nexxt Credit Card is loaded with features to delight the customer. It is designed to push customer shopping experience to next level through the associated offers like entertainment offers, lounge access facility, fuel surcharge waiver, concierge services reward point earnings and redemptions.
IndusInd bank provides one reward point per Rs. 150 spend through the Nexxt Credit Card. These rewards can be converted into airline miles at the rate of one airline mile per reward point. The bank provides one movie ticket per movie ticket brought by the cardholder from Book MyShow.com and Satyam cinemas.
For the Push Button Nexxt Credit Card holders, IndusInd bank provides insurance upto the credit card limit against fraudulent usage. In the case of loss/theft of cards, unauthorized transactions for period up to 48 hours prior to reporting the loss are also covered. This is apart from the complementary insurance coverage upto Rs. 25 lakhs.
Card holder of Push Button Nexxt Credit Card of IndusInd bank is entitled for fuel surcharge waiver of 1% across all fuel stations in India, for transactions between Rs. 400 and Rs. 4000. The card provides a complimentary Priority Pass Membership with access to over 700+ lounges around the world. The bank team also extends assistance to the Push Button Nexxt Credit Card holder in reservations, flight ticket bookings, event bookings, Pre-trip Assistance etc.
Who is behind the IndusInd Bank Nexxt Push Button Credit Card technology?
IndusInd bank developed the Push Button IndusInd Bank Nexxt Credit Card with the assistance of Dynamics Inc, which is headquartered in Pittsburgh USA, Dynamics Inc, are in the business of designing and manufacturing intelligent, battery powered payment cards.The company was founded in 2007 by CEO Jeff Mullen.
