IndusInd Bank Platinum RuPay is the first launch from IndusInd Bank on the RuPay payment network. It is an entry-level lifetime free credit card that can be used for UPI payments. The IndusInd Bank Platinum RuPay credit card earns 2 reward points per Rs 100 for UPI payments and 1 reward point per Rs 100 for non-UPI payments. The reward points can be redeemed for cash or can also be transferred out to Club Vistara too.
Fees
| Joining Fee | Zero – Lifetime Free |
| Annual Fee | Zero – Lifetime Free |
| Welcome Benefit | None |
| Renewal Benefit | None |
If you already have another IndusInd credit card, you can get the Platinum RuPay credit card on a split limit using this portal.
Rewards
| Spend Category | Rewards | Return |
|---|---|---|
| UPI | 2 RP/Rs 100 | 0.7% |
| Non-UPI | 1 RP/Rs 100 | 0.35% |
| Fuel | No Rewards | Zero |
| Utility, Insurance, Govt. Services, Education | 0.7 RP/Rs 100 | 0.25% |
Rewards Redemption
| Redemption | 1 RP Value |
|---|---|
| Statement Credit | 35 Paise |
| Points transfer to Vistara | 1:1 |
We can redeem the reward points for statement credit on the Indus Moments website. We can also transfer the reward points to Vistara at 1:1 ratio. This takes the the reward rate to 2 CV points per Rs 100 or 1.6% if we value 1 CV point at 80 paise. Not bad considering we are earning CV points for day to day UPI spends.
Complimentary Airport Lounge Access
- Domestic Airport Lounge Access: Not Available
- International Airport Lounge Access: Not Available
Fuel Surcharge Waiver
We get a 1% fuel surcharge waiver on transactions between Rs 400 to Rs 4000.
Other Benefits & Charges
- Foreign Currency Markup: 3.5%+GST ~4.13%
- Interest Charges: 3.95% per month or 47.4% annually
- Rent Payment Charges: Zero. This is the only credit card from IndusInd Bank that does not charge anything extra for rent payments. So, you may very well use this credit card to make UPI rent payments and earn 0.7% cashback on those spends.
Final Thoughts
The return of 0.7% on the IndusInd Bank Platinum RuPay credit card is quite decent though we have other RuPay credit cards that offer at least 1% value back on UPI payments. Some of them are Tata Neu Plus, Tata Neu Infinity and SNAPDEAL BoB credit card.
If you are looking to earn CV points on UPI payments, then the IndusInd Platinum RuPay card is a good option too!
Frequently Asked Questions
Only fuel spends do not earn rewards. Utility, Insurance, Government Services and Education spends earn a reduced reward rate.
No, there is no complimentary airport lounge access on this card.
IndusInd Bank Platinum RuPay Credit Card
11 thoughts on “IndusInd Bank Platinum RuPay Credit Card Review”
It also offers airmiles transfer as its listed in Vistara program. Ration 1:1. The effective reward rate can be 1.6% via airmiles. Can you please check & update.
Yes, it allows that like the other IndusInd credit cards. We will add it.
Is Rent Payment charges still zero for IndusInd Platinum Rupay credit card?
Yes
Can you plz publish a review for the ICICI Rupay credit card ?
I tried searching but found only the Q&A page, not your dedicated review.
ICICI Coral Rupay?
Yes.
Yes.
The Regular ICICI Coral credit card review is there. However, if you can publish the Rupay variant feature for UPI usage.
It is the same. As per ICICI Bank, the UPI rewards will be the same as what Visa/MC variants offered earlier.
Hi,
Recently received the feature list from an Indusind card sales person.
It says a limit of Rs 105 as a capping for the UPI transaction rewards amount.
Hence, the UPI spends upto Rs 15k, one can earn reward per month.
That does not sound right. The product page mentions this – Reward Points will be earned only for spends up to assigned credit limit in every statement cycle.
Unless, they have revised it recently. I will check.