CRED IndusInd Bank RuPay Credit Card

Joining fee

₹0

Annual fee

₹499 a year.

Add-on card fee

Add-on card fee: Nil

Reward rate

1% cashback · everyday spends1% back as CRED Reward Points on all other transactions.

Online earning

5% back as CRED Reward Points on e-commerce transactions.

Reward exclusions

No reward points will be earned on spends done on transportation & tolls, fuel, loan and EMI, and online education payments, payments to government institutions/services/charges, wallet loads, rent, and jewellery; transactions on Utility and Insurance outside CRED will not earn any CRED Reward Points.

Reward caps

Not more than 5000 CRED Reward Points can be earned at the accelerated reward run rate of 5% in a statement cycle; no capping on CRED Reward Points on Scan and Pay (applicable 11th Aug onwards)

What one reward unit is worth

1 CRED Reward Points = ₹1 on flights and hotel bookings made on CRED flights & CRED hotels, CRED Store purchases and transactions on eligible CRED Pay merchants; 1 CRED Reward Points = ₹0.50 on card bill payments with CRED Cashback and utility bill payments made within the CRED App

Catalogue redemption

1 CRED Reward Points = ₹1 on flights and hotel bookings made on CRED flights & CRED hotels, CRED Store and transactions on eligible CRED Pay merchants; customers can use up to 70% of their available points per transaction

Statement-credit redemption

1 CRED Reward Points = ₹0.50 on Card Bill Payments with CRED Cashback; for Credit Card bill payment and utility bill payments made within the CRED app, up to 100% of the available points can be used per transaction

Point expiry

CRED Reward Points will be valid for 24 months; Reward Points will expire after 2 years from date of issuance.

Minimum spend rules

Minimum transaction value for earning rewards is ₹100

Fuel surcharge waiver

1% fuel surcharge waiver across all fuel stations in India, applicable for fuel transactions between ₹500 to ₹5000 only

Lost card liability

Total Protect covers an amount equal to the credit limit on your card; unauthorised transactions in case of loss/theft of card: insurance cover up to 48 hours prior to you reporting the loss of your card

Forex markup

3.5% + GST3.5% plus GST at the standard rate

Cash advance fee

2.5% of the advance amount, subject to a minimum of ₹300

Interest on unpaid balance

3.95% monthly rate, 47.40% annual rate.

Interest-free period

Interest-free credit period of up to 50 days

Late payment fee

₹100 to ₹1,300 by outstanding balance.

Over-limit fee

2.5% of Over Limit Amount, subject to a minimum of ₹500

Payment return or dishonour fee

Returned payments: ₹250

Card replacement fee

Re-issue/Replacement: ₹100 for All Other Credit Cards.

Education / school fee charge

1% Fee + GST on the cumulative spends on education payments transactions made through third-party websites and applications more than ₹45,000 in a statement cycle

Wallet load charge

1% Fee + GST on the cumulative spends on wallet loading transactions more than ₹20,000 in a statement cycle

Rent transaction fee

1% Fee + GST levied on each transaction on rent payments through third-party merchants

Utility transaction fee

1% Fee + GST on the cumulative spends on utility payments transactions more than ₹25,000 in a statement cycle

Grace days after the due date

Grace period of 3 days is allowed from the payment due date on Credit Card Accounts, where payments are not overdue; late payment charges are levied when the account remains past due for more than 3 days.

Minimum amount due

100% of EMI amount + 100% of GST + 100% of Fees/Charges + 100% of Finance Charges + Overlimit Amount (if any) + 2% of Retail Spends/Cash Advance/remaining balance outstanding

Eligibility

Not issued to any person less than 18 years of age.