This card has been made for those who make a lot of digital payments. The bank provides a lifetime free IndusInd Platinum RuPay Credit Card to all its existing users. You do not need to pay anything as its fee.
Card Type: Rupay Credit Card
- Earning:
- Earn 2 reward points for every ₹100 spent on UPI transactions.
- Earn 1 reward point for every ₹100 spent on non-UPI transactions.
- Earn 0.70 reward points for every ₹100 spent on select merchant categories (details available on the IndusInd Bank website).
- Fuel transactions are ineligible for reward points accrual.
- Reward Points will only be earned for spending up to the assigned credit limit in each statement cycle.
- Redemption:
- Never expiring reward points.
- Redeem for various options including cash credit, non-cash redemptions (except Airmiles at a better value than cash credit), and the IndusMoments rewards catalog.
- Convert reward points to airline miles at a 1:1 ratio with partner airlines.
Fees:
- Lifetime free credit card – No annual fee.
- Interest rate: Applicable interest rate will vary depending on your creditworthiness but can be found on the IndusInd Bank website.
- Other charges: Usual charges may apply for services like cash advances, exceeding credit limits, late payment fees, etc. Refer to the IndusInd Bank website for a complete list.
Benefits and Services:
- Insurance:
- Complimentary travel insurance covers lost baggage, ticket loss, passport loss, delayed flights, and more.
- Personal accident insurance covers up to ₹25 lakh.
- Fuel surcharge waiver: Get a 1% waiver on fuel surcharge at petrol pumps across India for transactions between ₹400 and ₹4,000.
- Other benefits:
- Lost card liability insurance
- Zero Liability on Lost Card
- Chip and PIN technology for secure transactions
- Tap-and-Pay functionality for contactless payments
Additional Points to Consider:
- Reward points earned on fuel purchases are excluded.
- Refer to IndusInd Bank’s website for the complete list of select merchant categories offering enhanced reward points (0.70 points per ₹100).
- Carefully review the terms and conditions for reward points redemption and insurance coverage.
Eligibility criteria
- For existing credit card member
Pros & Cons
Pros
- Lifetime free card: No annual fees to worry about, making it a budget-friendly option.
- Reward program: Earns decent reward points, especially for UPI transactions (2x reward points per Rs. 100) which are becoming increasingly popular.
- Benefits: Offers some additional perks like fuel surcharge waiver on petrol pumps and travel insurance coverage, adding a bit of value.
- RuPay network acceptance: Widely accepted by merchants in India, both online and offline, due to the RuPay network.
- Security features: Equipped with chip and PIN technology and contactless payments for secure transactions.
Cons
- Lower base reward rate: Compared to some other cards, the base reward rate for non-UPI transactions is just 1 reward point per Rs. 100, which translates to a lower cashback percentage.
- Limited reward redemption options: There might be fewer options for redeeming your reward points compared to cards with more extensive programs.
- No reward program for fuel: You won’t earn extra points for spending on fuel even with the fuel surcharge waiver benefit.
- Lower credit limit: IndusInd Platinum RuPay might offer a lower credit limit compared to other cards, which might not be ideal for high spenders.
Overall, the IndusInd Platinum RuPay Credit Card can be a good option for:
- Individuals new to credit cards or those who prefer a card with no annual fee.
- People who make frequent transactions using UPI and want to earn extra rewards on those purchases.
Please Read Our other credit card reviews
disclaimer
If there is any change in the benefits of the card, we will not take any responsibility for this because we have obtained this information from the internet and the bank’s website.
