IndusInd Bank Platinum Aura Edge credit card is an entry-level Lifetime Free offering. Platinum Aura Edge is also an unique credit card as it offers flexible rewards plans. It does not offer the same reward rate for all spends. Instead, we can choose a rewards plan to get accelerated rewards as per our spends. Here is a review of the IndusInd Bank Platinum Aura Edge credit card and the rewards/benefits offered by it.
Fees and Charges
IndusInd Platinum Aura Edge credit card is now offered as Lifetime Free when we apply online. This means there is no joining or annual fees. But, it would have been good to have a nominal welcome benefit like Rs 250 cashback on spends etc.
| Joining Fee | Zero – LTF |
| Welcome Benefit | None |
| Annual Fee | Zero – LTF |
Rewards
Platinum Aura Edge card has four different reward plans. We need to choose the plan as per our spending patterns to get maximum rewards.
Platinum Aura Edge Shop Plan
| Spend Category | Reward Points/Rs 100 | Return @50p per RP |
|---|---|---|
| Departmental Stores | 4 | 2% |
| Consumer Durables and Electronic Items | 2 | 1% |
| Restaurants and Books | 1.5 | 0.75% |
| Other Spends | 0.5 | 0.25% |
| Fuel Spends | NIL | NIL |
Platinum Aura Edge Home Plan
| Spend Category | Reward Points/Rs 100 | Return @50p per RP |
|---|---|---|
| Grocery | 4 | 2% |
| Medical Spends | 1.5 | 0.75% |
| Utility Bills, Insurance, Govt. Services, Education | 1.4 | 0.7% |
| Other Spends | 0.5 | 0.25% |
| Fuel Spends | NIL | NIL |
Platinum Aura Edge Travel Plan
| Spend Category | Reward Points/Rs 100 | Return @50p per RP |
|---|---|---|
| Hotels | 4 | 2% |
| Airlines | 2.5 | 1.25% |
| Car Rental, Rail Tickets | 1.5 | 0.75% |
| Other Spends | 0.5 | 0.25% |
| Fuel Spends | NIL | NIL |
Platinum Aura Edge Party Plan
| Spend Category | Reward Points/Rs 100 | Return @50p per RP |
|---|---|---|
| Restaurants | 4 | 2% |
| Departmental Stores, Bars, Pubs | 2 | 1% |
| Movie Tickets | 1.5 | 0.75% |
| Other Spends | 0.5 | 0.25% |
Rewards Redemption
The accumulated reward points can be redeemed over at Indus Moments. There are multiple redemption options like product merchandise, gift vouchers and airmiles. But, the best option is to get a statement or cash credit. The value of each reward point is 50 paise in this case.
Other Key Benefits and Charges
- Foreign Currency Markup: 3.5%+GST ~4.13%
- Reward Redemption Fee: Rs 100+GST for gifts, statement credit and vouchers
- Finance Charges: 2.99% per month or 36% per annum
- Fuel Surcharge Waiver: 1% surcharge waiver for transactions between Rs 400 to Rs 4000.
Final Thoughts
IndusInd Platinum Aura Edge is your regular entry-level card. Its rewards were also in line with other cards in the same segment when it was launched.
But, things change fast in the credit card world. Axis Ace, Flipkart Axis, Amazon Pay ICICI are credit cards that upped the game in the entry-level segment. With 1% to 5% cashback, these are the best cards to start with for anyone looking for an entry-level card. If looking for cashback, the Platinum Aura Edge is not a better card than those.
But, we do have some reasons that for getting the IndusInd Platinum Aura Edge credit card. It is a LTF credit card that can be used for e-commerce sale offers on IndusInd Bank credit cards. You can also take the Platinum Aura Edge and keep the credit line to upgrade to another variant like Pinnacle or Legend.
Frequently Asked Questions
IndusInd Bank Platinum Aura Edge Credit Card
