Overview
The IndusInd Bank Platinum RuPay Credit Card is the bank’s first RuPay-based credit card, offering Lifetime Free (LTF) benefits with UPI compatibility. It provides rewards on everyday spending, fuel surcharge waivers, and seamless redemption options.
Key Features
| Feature | Details |
|---|---|
| Joining Fee | Zero (LTF) |
| Annual Fee | Zero (LTF) |
| Welcome Benefit | None |
| Reward Rate (UPI) | 0.7% (2 RP per ₹100) |
| Reward Rate (Non-UPI) | 0.35% (1 RP per ₹100) |
| Fuel Surcharge Waiver | 1% waiver (on ₹400–₹4000 transactions) |
| Foreign Markup Fee | 3.5% + GST (~4.13%) |
| Interest Rate | 3.95% per month (47.4% p.a.) |
Reward Structure
| Spend Category | Reward Points | Effective Return |
|---|---|---|
| UPI Transactions | 2 RP per ₹100 | 0.7% |
| Non-UPI Transactions | 1 RP per ₹100 | 0.35% |
| Fuel Spends | No Rewards | 0% |
| Utility/Insurance/Govt/Education | 0.7 RP per ₹100 | 0.25% |
Redemption Options
- Statement Credit (via Indus Moments): 35 paise per RP
Additional Benefits
✅ 1% Fuel Surcharge Waiver (on transactions between ₹400–₹4000)
✅ No Rent Payment Charges (via UPI)
❌ No Airport Lounge Access (Domestic/International)
Pros & Cons
| Pros | Cons |
|---|---|
| ✔ Lifetime Free (No Joining/Annual Fee) | ✖ Low reward rate (0.7%) compared to competitors |
| ✔ UPI-enabled for easy payments | ✖ No lounge access |
| ✔ No extra charges on rent payments via UPI | ✖ Reduced rewards on utility/govt spends |
Final Verdict (★★★☆☆ 3/5)
The IndusInd Bank Platinum RuPay Credit Card is a decent LTF RuPay card with UPI rewards, but its 0.7% return is lower than alternatives like Tata Neu Infinity (1.5%) or SNAPDEAL BoB (1%).
Best for: Users seeking a no-fee RuPay card for UPI spends without lounge access needs.
Frequently Asked Questions (FAQs)
🔍 Additional FAQs for IndusInd Bank Platinum RuPay Credit Card
1. Is the IndusInd bank Platinum RuPay Credit Card truly lifetime free?
Yes! It has zero joining/annual fees (LTF), provided you meet the bank’s eligibility criteria.
2. How to link this RuPay card with UPI apps like PhonePe/GPay?
Go to your UPI app → Link credit card → Select “IndusInd Platinum RuPay” → Enter details. Note: Only RuPay cards support UPI payments.
3. What’s the minimum salary/credit score required for approval?
Typically, a credit score of 750+ and monthly income of ₹25,000+ (varies by city/occupation).
4. Are wallet reloads (Paytm, Amazon Pay) eligible for rewards?
No, wallet reloads are excluded from reward points as per RBI guidelines.
5. How long do reward points take to credit?
Points are credited within 7-10 days of transaction settlement.
6. What’s the maximum reward points I can earn per month?
No published cap, but IndusInd may impose fair usage limits (check terms).
7. Does this card offer EMI conversion or cashback on EMIs?
Yes, but EMI transactions do not earn reward points.
8. Can I use this card for international transactions?
Yes, but it charges a 3.5% + GST forex markup (higher than competitors like Fi Money).
9. How to check reward points balance?
Log in to IndusInd Internet Banking or the Indus Moments redemption portal.
10. Can I upgrade this card to a higher variant later?
No, it’s a standalone product. You can apply for a separate IndusInd Visa/Mastercard.
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