The IndusInd Bank Platinum Aura Edge Credit Card is an introductory product by IndusInd Bank specifically for those who are seeking both a utility and reward-based credit card. It was introduced as the upgraded version of ‘Platinum Aura Credit Card’ having a one-time joining fee and without any annual membership charges making it a lifetime free card. This card is unique because the rewards programs are flexibly determined by the cardholder and these include Shop, Home, Travel and Party reward plans.
Since its launch, the IndusInd Platinum Aura Edge Credit Card has garnered attention owing to the flexibility in reward categories, free travel benefits, and annual renewal charges, which have been waived off, making it affordable to those who value their spending on the credit card.
IndusInd Bank Platinum Aura Edge Credit Card
Joining Fee:
Rs. 500 (one-time, no annual fee thereafter)
Best Suited :
Shopping and Travel
Renewal Fee:
Nil
Reward Type:
Reward Points
Welcome Benefits:
Get EazyDiner vouchers and a choice of e-gift vouchers from brands like Uber, Ola, Amazon, Flipkart, Apollo Pharmacy, etc.
IndusInd Bank Platinum Aura Edge Credit Card Features and Benefits
1. Welcome Benefits
- EazyDiner Discount Voucher: Redeemable on the EazyDiner app/website.
- E-Gift Vouchers: Choose from top brands like Amazon, Flipkart, Big Bazaar, Apollo Pharmacy, Zee5, Uber, Ola, Pantaloons, and more.
- The vouchers are valid for 6 months from the date of issue and are sent via SMS or email within 10 days of paying the joining fee.
2. Insurance Benefits
The card provides multiple insurance coverages, offering peace of mind during travel and in case of unforeseen events:
- Air Accident Cover: Rs. 25 lakh cover in case of accidental death during air travel.
- Lost Baggage Insurance: Coverage up to Rs. 1 lakh for lost baggage.
- Delayed Baggage: Rs. 25,000 insurance cover for delayed baggage.
- Lost Passport: Rs. 50,000 cover in case you lose your passport.
- Missed Connection/Lost Ticket: Rs. 25,000 cover in case of a missed flight connection or lost ticket.
3. Fuel Surcharge Waiver
- The card offers a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 4,000 at any fuel station across India.
4. Zero Liability Protection
- In case your card is lost or stolen, you are protected under the zero liability policy.
- If you report the loss to the bank within 48 hours, you won’t be held liable for any fraudulent transactions made using your card.
5. Interest-Free Credit Period
- The IndusInd Platinum Aura Edge Credit Card offers up to 50 days of interest-free credit, allowing you to manage your payments efficiently and reduce interest costs.
How To Earn and Redeem IndusInd Bank Platinum Aura Edge Credit Card Reward Points?
Earning Reward Points
- Shop Plan:
- 4 points per Rs. 100 spent at department stores.
- 2.5 points on consumer durables and electronics.
- 1.5 points on restaurant bills and books.
- 0.5 points on all other spends.
- Home Plan:
- 4 points on groceries.
- 2.5 points on bill payments (electricity, cell phone, etc.).
- 1.5 points on medical and insurance premium payments.
- 0.5 points on other purchases.
- Travel Plan:
- 4 points on hotel bookings.
- 2.5 points on flight bookings.
- 1.5 points on car rentals and railway tickets.
- 0.5 points on other expenses.
- Party Plan:
- 4 points on dining and bars.
- 2 points on movies.
- 0.5 points on other purchases.
Note: You do not earn reward points on fuel transactions.
Redeeming Reward Points
- Cash Credit: Redeem points against your card’s outstanding balance at the rate of 1 point = Re. 0.5.
- Intermiles: Redeem 1 point for 1 Intermile for flight bookings and upgrades.
- CV Points: Redeem 1 point for 0.5 Club Vistara points.
- IndusMoments: Redeem points at IndusMoments, IndusInd Bank’s rewards platform, offering a range of products and services.
IndusInd Bank Platinum Aura Edge Credit Card Fees and Charges
- Interest Rate: 3.83% per month (or 46% per annum): This interest rate is applicable if you carry forward your outstanding balance beyond the due date.
- Foreign Currency Markup Fee: 3.5% of the transaction amount: This charge is applied to all transactions made in foreign currencies.
- Cash Advance Fee: 2.5% of the cash withdrawn (minimum Rs. 300): This fee is charged when you withdraw cash using your credit card.
- Rewards Redemption Fee: Rs. 100 per redemption: A charge for redeeming your accumulated reward points.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between Rs. 400 and Rs. 4,000 at all fuel stations across India.
- Overlimit Fee: 2.5% of the over-limit amount (minimum Rs. 500)
- Late Payment Charges
Based on the total amount due:
| Amount Range | Charges |
|---|---|
| Rs. 0 to Rs. 100 | Nil |
| Rs. 101 to Rs. 500 | Rs. 100 |
| Rs. 501 to Rs. 1,000 | Rs. 350 |
| Rs. 1,001 to Rs. 10,000 | Rs. 550 |
| Rs. 10,001 and above | Rs. 700 |
IndusInd Bank Platinum Aura Edge Credit Card Product Details
- A one-time fee of Rs. 500, with no renewal fee from the second year onward, makes the card lifetime free.
- Offers four customizable reward plans—Shop, Home, Travel, and Party—tailored to your spending categories.
- Earn up to 4 points per Rs. 100 on select categories like groceries, dining, and travel; 0.5 points for other spends.
- Redeem points for cash credit (1 point = Re. 0.5), airline miles, or CV Points, with a redemption fee of Rs. 100 per transaction.
- Provides insurance cover for lost baggage, passport, and missed connections, as well as Rs. 1 lakh travel insurance cover.
- Enjoy a 1% waiver on fuel transactions between Rs. 400 and Rs. 4,000 at all fuel stations in India.
IndusInd Bank Platinum Aura Edge Credit Card Eligibility Criteria
- Age Requirement:
- The applicant must be between 21 and 65 years of age.
- Income Requirement:
- The applicant should have a stable source of income, either through employment or self-employment.
- Credit Score:
- A good credit score is required. Typically, a credit score of 750 or above improves the chances of approval.
Documents Required For IndusInd Bank Platinum Aura Edge Credit Card
- Identity Proof:
- Aadhar Card, Voter ID, PAN Card, Passport, or Driving License.
- Address Proof:
- Utility Bills, Aadhar Card, Passport, or Driving License.
- Income Proof:
- Latest bank statements, salary slips, or audited Income Tax Returns (ITR).
How To Activate IndusInd Bank Platinum Aura Edge Credit Card
- Internet Banking:
- Log in to IndusNet on the IndusInd Bank website.
- Go to the ‘Cards’ section and select your new credit card to activate it.
- Mobile App:
- Open the IndusInd Bank mobile app.
- Login and navigate to the ‘Cards’ section to activate your credit card.
FAQs
Q1. Can I transfer from one reward plan to the other one after choosing the specific plan?
Ans: Yes, as a customer you can switch between the various available reward plans namely Shop, Home, Travel or Party due to changes in spending patterns. It is nevertheless wise to confirm with IndusInd Bank the policy it has put in place or any restrictions that may be in place when changing a plan.
Q2. How frequently can I use the reward points?
Ans: It means that you have full discretion as to when to use your reward points. However, to redeem the points there is a fee of Rs. 100 per redemption, so it is better to wait until you have enough points to redeem as much as possible.
Q3. Is this provision of fuel surcharge waiver available in international fuel transactions?
Ans: The 1% fuel surcharge waiver is available only for fuel purchases that occurred in India and not the fuel that has been purchased internationally.
Q4. What should I do if my card is lost or stolen?
Ans: In case your card is lost or stolen then inform IndusInd Bank immediately within 48 hours so that you do not have to pay an amount to the bank as IndusInd offers zero liability on such cards.