The IndusInd Platinum Credit Card is a rewards credit card that works with Visa and RuPay networks. It's all about giving you something back every time you use it. With this card, you earn reward points on all your purchases. These points can be used for various rewards like Air Miles, cash back, or items from their rewards catalog. There are different versions of the card, each with its own set of benefits. Read on to learn more about this credit card:
Key Highlights of IndusInd Bank Platinum Credit Card |
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Card Type | Mid-level |
Best Suited for | Dining & Lifestyle |
Joining Fee | Rs. 3,000 |
Renewal Fee | Nil |
Minimum Income Requirement | Rs. 25,000 p.m. |
Welcome Benefits | Luxe Gift Card and vouchers of top brands. |
Best Feature | 1.5 reward points for every Rs. 150 spent |
*Terms and conditions apply.
Table Of Contents | ||
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Features and Benefits | ||
Fees and Charges | ||
Eligibility and Documentation | ||
Should you get this credit Card? | ||
Other Similar Credit Cards | ||
FAQs |
Welcome Benefits:
Fuel Benefits:
Travel Insurance Coverage:
Reward Points:
You can earn reward points every time you use your card, and redeem them as per the below details:
Note: No reward points will be offered on fuel transactions.
Also read: Best Rewards Credit Cards in India
IndusInd Platinum RuPay Credit Card Benefits
The IndusInd Platinum RuPay Credit Card is free for life and can be linked to your UPI account. You earn double rewards for every Rs. 100 you spend. These rewards can be used for various things like items from the rewards catalog, InterMiles, or cash credits, just like with the IndusInd Visa Platinum Credit Card. You can use this card for both online and offline purchases, and you'll still get rewards for UPI transactions. Plus, it comes with insurance and fuel benefits similar to the Visa version. Here are the main benefits of this card:
*Applicable on transactions at Utility Bill Payments, Insurance Premium Payments, Education Institute Fees and Government Services.
How much you can save via IndusInd Bank Platinum Credit Card?
Let's break down how much you can save with the IndusInd Bank Platinum Credit Card using a simple example. Suppose you've spent Rs. 60,000 in a month, here's what it looks like:
Category | Amount | Rewards/ Savings |
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Travel | Rs. 15,000 | 150 RP = Rs. 53 |
Shopping | Rs. 10,000 | 100 RP = Rs. 35 |
Dining | Rs. 10,000 | 100 RP = Rs. 35 |
Grocery | Rs. 20,000 | 200 RP = Rs. 70 |
Fuel | Rs. 5000 | Rs. 40 |
Total | Rs. 60,000 | Rs. 233 |
Note: The redemption of reward points for the above transactions is done at a value of 1 RP = Re. 0.35 against cash credit.
Below mentioned are the fees and charges associated with this credit card:
Titles | Details |
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Joining Fee | Rs. 3,000 (Nil, if applied via MybankingTips) |
Annual Fee | Nil |
Finance Charges | 3.83% per month (46% per annum) |
Late Payment Charges** |
For Statement Balance
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The applicant must meet the below eligibility criteria to apply for this credit card:
Criteria | Details |
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Age | 21 to 60 years (or till retirement age) |
Occupation | Salaried and Self-employed |
Minimum Income | Rs. 20,000 per month |
Documents Required | Click here for the list of acceptable documents |
Serviceable Cities | Click here for the list of eligible cities |
The IndusInd Platinum Card extends benefits in the realms of dining, lifestyle, and shopping. It allows you to accrue reward points on all your purchases, which can be exchanged for air miles, cash credits, and various other choices. Furthermore, it offers savings on dining at upscale restaurants. However, this card may not be the best fit for individuals seeking exclusively high reward points. It is a premium credit card that provides a range of perks in entertainment, lifestyle, shopping, and insurance.
While this card doesn't offer an extensive range of benefits, it does provide standard features like a fuel surcharge waiver and insurance coverage, which are typical for entry-level credit cards. What sets this card apart is that it comes with no annual fee, allowing you to enjoy its advantages without any extra cost. In summary, this card is a suitable option if your primary objective is to accumulate reward points on your purchases and you prefer not to pay an annual fee.
Below mentioned is a comparison of a few similar credit cards:
Credit Cards | Annual Fee | Key Benefits |
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IndusInd Bank Platinum Credit Card | Rs. 3,000 (Nil on MybankingTips) | 1.5 reward points for every Rs. 150 spent |
SBI Elite Credit Card | Rs. 4,999 |
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HDFC Regalia Credit Card | Rs. 2,500 |
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HDFC Diners Club Privilege Credit Card | Rs. 2,500 |
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Axis My Zone Credit Card | Rs. 500 |
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When you apply for this credit card through MybankingTips, you can enjoy the benefit of no joining or annual fees. However, if you choose to apply for it through other channels, there is a joining fee of Rs. 3,000.
You have multiple options to apply for this credit card. You can visit the bank's official website, get in touch with a bank associate who will promptly assist you, or alternatively, you can apply for this credit card through MybankingTips.
To check your credit card application status, you can go to the bank’s website or use the phone banking facility.
Yes, this credit card provides a 1% fuel surcharge waiver for transactions ranging from Rs. 400 to Rs. 4,000 at all fuel stations across India.
To conveniently handle your IndusInd Bank Credit Cards, you can simply click on the following links: