IndusInd Bank Platinum RuPay Credit Card

IndusInd Bank Platinum RuPay Credit Card


Joining Fee: LTF
Annual Fee: LTF







Issued On



Fuel Surcharge Waiver

Table of Contents

IndusInd Bank has launched its first RuPay credit card. The IndusInd Bank Platinum RuPay credit card is a lifetime free card and can be used for UPI payments. We get two reward points per Rs 100 for UPI payments and 1 reward point per Rs 100 for non UPI payments. Among the benefits are a fuel surcharge waiver and travel insurance.

Fees & Charges

Joining FeeZero – Lifetime Free
Annual FeeZero – Lifetime Free
Welcome BenefitNone
Renewal BenefitNone
IndusInd Bank Platinum RuPay Credit Card: Fees & Charges


Type of SpendRewardsReturn
UPI2 RP/Rs 1000.7%
Non-UPI1 RP/Rs 1000.35%
FuelNo RewardsZero
Utility, Insurance, Govt. Services, Education 0.7 RP/Rs 1000.25%
IndusInd Bank Platinum RuPay Credit Card: Rewards

Rewards Redemption

Redemption1 RP Value
Statement Credit35 Paise
IndusInd Bank Platinum RuPay Credit Card: Rewards Redemption

We can redeem the reward points for statement credit on the Indus Moments website.

LTF IndusInd Bank Credit Cards

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

With the surge in popularity of Rupay credit cards for UPI, it was time for IndusInd to jump into this with their own offering. The IndusInd Bank Platinum RuPay credit card is an entry-level offering.

At the moment, it is offered only to customers who don’t hold any IndusInd Bank credit card. This is in contrast to other issuers who are issuing Rupay credit cards as a floater. Hope that changes in the future.

LTF IDFC First Bank Credit Cards

Coming to the rewards, 0.7% is decent though we have other Rupay credit cards that offer at least 1% on UPI payments. Some of them are Tata Neu Plus, Tata Neu Infinity and SNAPDEAL BoB credit card. But, all of these have a cap on UPI rewards. The IndusInd Bank Platinum RuPay credit card offers uncapped 0.7% rewards if you have a high amount of UPI payments.

Frequently Asked Questions

IndusInd Bank Platinum RuPay Credit Card

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7 thoughts on “IndusInd Bank Platinum RuPay Credit Card”

  1. 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.

      1. Yes.
        The Regular ICICI Coral credit card review is there. However, if you can publish the Rupay variant feature for UPI usage.

        1. Card Maven

          It is the same. As per ICICI Bank, the UPI rewards will be the same as what Visa/MC variants offered earlier.

  2. 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.

    1. 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.

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