IndusInd Bank Platinum RuPay Credit Card

The IndusInd Bank Platinum RuPay Credit Card is a budget-friendly option for Indian consumers seeking a rewarding credit card for everyday purchases. Unlike many reward cards, it boasts a lifetime free membership, eliminating annual fees. 

Cardholders earn 1.5 reward points for every Rs. 100 spent, redeemable for exciting merchandise and vouchers. Additionally, the card integrates seamlessly with UPI for convenient digital payments using your credit limit.

This feature-rich card offers additional benefits beyond rewards. Enjoy savings on fuel expenses with a 1% waiver on fuel surcharges. Security features like chip and PIN technology and contactless payments provide peace of mind. 

Total Protect insurance safeguards against unauthorised transactions and fraud, while dedicated customer support ensures your inquiries are addressed promptly.

Feed and Charges

Fee Type	Amount
Joining Fee	Nil
Renewal Fee	Nil
Foreign Currency Markup	3.5%
Interest Rates	3.83% monthly (46% annually)
Cash Advance Charges	2.5% of the transaction amount or ₹300 minimum
Fuel Surcharge Waiver	1% waiver, up to ₹40/month, ₹480/year
Overlimit Fee	2.5% of the over-limit amount (minimum Rs. 500)
Rewards Redemption Fee	₹100

Rewards and Benefits

Here’s the given content in table format:

Benefit	Details
Rewards Rate	➡ 2 Reward Points for every ₹100 spent on UPI transactions. ➡ Reward Point for every ₹100 spent on non-UPI transactions.
Reward Redemption	➡ 1 Reward Point = ₹0.35. ➡ Redeem on Indus Moments, Club Vistara Points, InterMiles, or as cashback.
Fuel Surcharge Waiver	➡ 1% waiver, up to ₹40/month, ₹480/year.
Travel	N/A
Domestic Lounge Access	N/A
International Lounge Access	N/A

Product Details

1. Reward Points: Earn 2 Reward Points for every ₹100 spent on UPI transactions and 1 Reward Point for every ₹100 on non-UPI transactions.
2. Redemption Options: Redeem Reward Points for ₹0.35 value each, or convert to Club Vistara Points, InterMiles, or cashback towards your credit card bill.
3. Fee Structure: Enjoy a lifetime free card with no joining or renewal fees.
4. Travel Benefits: Includes travel insurance covering lost baggage (up to ₹1,00,000), delayed baggage, loss of passport, lost ticket, and missed connections.
5. Fuel Surcharge Waiver: Get a 1% waiver on fuel surcharge, saving up to ₹480 annually.
6. Cash Advance: Cash advance charges are 2.5% of the transaction amount or ₹300 minimum
7. Foreign Currency: Foreign currency markup is set at 3.5%.
8. Interest Rates: The card charges 3.83% interest monthly (46% annually) on outstanding balances.

IndusInd Bank Platinum RuPay Credit Card: Advantages and Disadvantages

Advantages:

• No Joining Fee or Renewal Charges: It’s a lifetime-free card with no upfront costs.
• High Reward Points: Earn 2 Reward Points for every ₹100 spent on UPI transactions and 1 Reward Point for non-UPI transactions.
• Flexible Redemption Options: Redeem points for cashback and travel bookings, or convert them to Club Vistara Points or InterMiles.
• Travel Insurance Coverage: Comprehensive travel insurance covering lost baggage, delayed baggage, loss of passport, and more.
• Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharges, saving up to ₹480 annually.

Disadvantages:

• Limited Lounge Access: The card does not offer domestic or international lounge access.
• Transaction Restrictions: Certain transactions like utility bills, government services, and fuel payments do not earn reward points.
• High Interest Rates: The card charges 3.83% interest monthly (46% annually) on outstanding balances, which is relatively high.
• Rewards Redemption Fee: There is a ₹100 fee for redeeming reward points, which may deter frequent small redemptions.

IndusInd Bank Platinum RuPay Credit Card: Features and Benefits

Welcome Benefit:	Nil
Travel Lounge Access:	Not available
Golf Benefits:	Not available
Forex Markup Fee:	3.5%
Fuel Surcharge Waiver:	Enjoy a 1% waiver, saving up to ₹480 annually
Travel Insurance:	Covers up to ₹1,00,000 for lost baggage and includes benefits for delayed baggage, loss of passport, lost ticket, and missed connections.
Milestone Rewards:	Earn 2 Reward Points for every ₹100 spent on UPI transactions and 1 Reward Point for non-UPI transactions. Redeem at ₹0.35 per point or convert to travel miles.

IndusInd Bank Platinum RuPay Credit Card Reward Offers

The IndusInd Bank Platinum RuPay Credit Card offers a robust rewards program designed to benefit frequent users, especially those who utilise UPI transactions. Here are the details of its reward structure:

Reward Points Accumulation:

• UPI Transactions: Earn 2 Reward Points for every ₹100 spent on UPI transactions.
• Non-UPI Transactions: Earn 1 Reward Point for every ₹100 spent on transactions other than UPI payments.
• Reward Points Value: Each Reward Point is valued at ₹0.35 when redeemed.

Redemption Options:

• Indus Moments: Redeem points for instant discounts and offers across a range of brands and services.
• Club Vistara Points: Convert points to Club Vistara Points for flight bookings with Vistara Airlines.
• InterMiles: Convert points to InterMiles for travel bookings, including flights and hotel stays.
• Cashback: Use points to offset your outstanding credit card bill as cashback.

Additional Benefits:

• Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharge, up to ₹480 annually.
• Travel Insurance: Comprehensive travel insurance coverage includes benefits for lost baggage (up to ₹1,00,000), delayed baggage, loss of passport, lost ticket, and missed connections.
• Foreign Currency Markup: Pay a competitive 3.5% markup fee on foreign currency transactions.
• Interest Rates: The card charges 3.83% interest monthly (46% annually) on outstanding balances.

Transaction Limitations:

Reward Points are not awarded for transactions such as utility bills, government services, insurance premiums, education fees, fuel purchases, and rental payments.

IndusInd Bank Platinum RuPay Credit Card: Insurance Benefits

The IndusInd Bank Platinum RuPay Credit Card offers comprehensive insurance benefits to ensure peace of mind during travel. Here are the detailed insurance benefits:

• Lost Baggage Insurance: Coverage up to ₹1,00,000 for lost baggage during travel.
• Delayed Baggage Insurance: Coverage up to ₹25,000 for baggage delays.
• Loss of Passport Insurance: Coverage up to ₹50,000 in case of loss of passport.
• Lost Ticket Insurance: Coverage up to ₹25,000 for lost travel tickets.
• Missed Connection Insurance: Coverage up to ₹25,000 for missed connections.

IndusInd Bank Platinum RuPay Credit Card Fees and Charges

Here are the detailed fees and charges associated with the IndusInd Bank Platinum RuPay Credit Card:

• Foreign Currency Markup Fee: 3.5% of the transaction amount for foreign currency transactions.
• Interest Rates:
  • Monthly Interest Rate: 3.83%
  • Annualised Interest Rate: 46% per annum (charged on outstanding balances)
• Cash Advance Fee: 2.5% of the transaction amount or ₹300 (whichever is higher), applicable on cash withdrawal transactions.
• Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharge, capped at ₹40 per month, which totals up to ₹480 annually.
• Rewards Redemption Fee: ₹100 per redemption transaction.
• Overlimit Charges: ₹500 or 2.5% of the overlimit amount, whichever is higher.
• Cash Payment Fee: ₹100 per transaction for payments made in cash at IndusInd Bank branches or ATMs.
• Card Replacement Fee: ₹100 for replacement of a lost or stolen card.
• Statement Retrieval Fee: ₹100 per statement for retrieving old statements beyond the last 3 months.
• Late Payment Charges: Up to ₹100 for outstanding balances up to ₹100
  • Up to ₹350 for outstanding balances between ₹101 and ₹500
  • Up to ₹550 for outstanding balances between ₹501 and ₹1,000
  • Up to ₹800 for outstanding balances between ₹1,001 and ₹10,000
  • Up to ₹950 for outstanding balances between ₹10,001 and ₹25,000
  • ₹1,100 for outstanding balances between ₹25,001 and ₹50,000
  • ₹1,300 for outstanding balances greater than ₹50,000

Why Choose the IndusInd Bank Platinum RuPay Credit Card?

Here are some compelling reasons to choose the IndusInd Bank Platinum RuPay Credit Card:

1. Lifetime Free Card: No joining fees or annual renewal charges, making it a cost-effective choice.
2. Generous Reward Points:
   • Earn 2 Reward Points for every ₹100 spent on UPI transactions.
   • Earn 1 Reward Point for every ₹100 spent on non-UPI transactions.
3. Flexible Reward Redemption:
   • Redeem points for cashback, travel miles (Club Vistara Points and InterMiles), or discounts on popular brands via Indus Moments.
   • Reward Points are valued at ₹0.35 each.
4. Comprehensive Travel Insurance:
   • Insurance coverage for lost baggage (up to ₹1,00,000), delayed baggage (₹25,000), loss of passport (₹50,000), lost tickets (₹25,000), and missed connections (₹25,000).
5. Fuel Surcharge Waiver:
   • 1% fuel surcharge waiver, saving up to ₹480 annually.
6. User-Friendly for UPI Transactions:
   • Link your card to UPI apps like Google Pay, PhonePe, and Paytm for seamless transactions and reward earnings.
7. No Hidden Fees:
   • Transparent fee structure with no hidden charges.
8. High Interest Rates:
   • Competitive interest rates of 3.83% monthly (46% annually).
9. Foreign Currency Markup:
   • Competitive 3.5% markup fee on international transactions.
10. Travel Benefits:
    • In addition to insurance, access to various travel-related benefits and protections.

IndusInd Bank Platinum RuPay Credit Card: Terms and Conditions

A. Transactions Excluded from Reward Points: Utility bill payments, government services, insurance premiums, education fees, fuel purchases, and rental payments are not eligible for Reward Points.

B. Billing and Payment: Statements are generated monthly, and payments are due by the due date specified on the statement to avoid late payment charges.

C. Dispute Resolution: Any disputes arising from the card usage or terms and conditions will be subject to the jurisdiction of the courts where IndusInd Bank has its principal office.

D. Changes to Terms and Conditions: IndusInd Bank reserves the right to change the terms and conditions at any time with prior notice to the cardholder.

E. Interest Rates: The card charges a monthly interest rate of 3.83%, which translates to 46% annually on outstanding balances.

Eligibility Criteria for IndusInd Bank Platinum RuPay Credit Card

Age	➡ Primary Cardholder: Must be between 21 and 60 years old. ➡ Add-on Cardholder: Must be at least 18 years old.
Income	➡ Salaried Individuals: Minimum monthly income of ₹30,000. ➡ Self-Employed Individuals: Minimum annual income of ₹3,60,000 as per the latest Income Tax Return (ITR).
Employment	➡ Salaried Applicants: Must be employed with a stable job history. ➡ Self-Employed Applicants: Must have a stable business with a verifiable income stream.
Credit Score	Applicants must have a good credit score, typically above 750, to qualify for the card.
Residence	Applicants should have a stable residential address with a valid proof of residence.
Existing Relationship	Existing IndusInd Bank customers with a good banking history may have a higher chance of approval.

Documentation Needed for IndusInd Bank Platinum RuPay Credit Card

To apply for the IndusInd Bank Platinum RuPay Credit Card, you need to provide the following documentation:

Identity Proof	PAN Card, Aadhaar Card, Passport, Voter ID Card
Address Proof	Aadhaar Card, Passport, Utility Bill (electricity, water, gas, not older than 3 months), Rental Agreement
Income Proof	A. Salaried Individuals: Latest salary slips (last 3 months) Bank statements showing salary credits (last 3 months)
	B. Self-Employed Individuals: Income Tax Returns (ITR) for the last financial year Bank statements for the last 6 months
Photographs	Recent passport-sized photographs as required by the bank

Application Process for IndusInd Bank Platinum RuPay Credit Card

1. Visit the Official Website: Go to the IndusInd Bank website and navigate to the Platinum RuPay Credit Card section.
2. Click on “Apply Now”: Select the “Apply Now” button to start your application.
3. Fill in Personal Details: Enter your personal information, including name, date of birth, and contact details.
4. Provide Financial Information: Submit your financial details such as income, employment status, and bank account information.
5. Upload Required Documents: Upload digital copies of the necessary documents for identity, address, and income proof.
6. Submit the Application: Review all the entered information and submit your application online. Wait for confirmation and further instructions from the bank.

FAQs