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IndusInd Bank Platinum Master Credit Card
IndusInd Bank

IndusInd Bank Platinum Master Credit Card

Checked against IndusInd Bank's 4 documents for this card on 04 Nov 2026
COFFER Safety Stars2 of 5See the five checks
Interest
0 of 1
Foreign spends
0 of 1
Spend fees
4 spend fees · Utility transaction fee, Rent transaction fee, Wallet load charge, Education / school fee charge0 of 1
Clarity
The bank's documents answer 18 of 18 cost questions1 of 1
Fine print
No gaps found1 of 1

Rated 09 Nov 2026 after reading every document the bank publishes for this card. Not a recommendation. How we rate

Open to new applications · Earns reward points

First-year fee

₹0

Annual fee

₹0

What it gives back

1.5 reward points per ₹150 · everyday spends

Read from 4 IndusInd Bank documents, last checked 8 Nov 2026.

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Our calculation

0.5% value back

Every ₹1,00,000 spent at this rate earns about 1,000 points, worth about ₹500 at the value IndusInd Bank states for a point.

IndusInd Bank's rate: “1.5 reward points for every ₹150 spent” Proof
The bank’s words

“For every INR 150 spent on your IndusInd Bank Platinum Credit Card, get 1.5 Reward Points”

IndusInd Bank's point value: “1 RP = Rs.0.50 for non-cash redemptions (excluding airmiles)” Proof
The bank’s words

“*From 1 st January,2024, the value of non cash redemptions (excluding airmiles) will be 1 RP = Rs.0.50”

How it compares

Compared with the cards we have read

No annual fee: one of 130 cards that state none, out of the 448 open cards whose annual fee we have read.

3.5% forex markup: of the 480 other open cards whose forex markup we have read, 162 state a lower one and 318 state the same.

0.5% value back by our calculation: of the 90 other open cards we can work this out for, 33 return less, 40 return the same and 17 return more.

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Fees

  • Joining fee

    ₹0

  • Annual fee

    ₹0

  • Add-on card fee

    ₹0

Rewards

  • Reward rate

    1.5 reward points per ₹150 · everyday spends1.5 reward points for every ₹150 spent.

  • Reward caps

    Maximum 2500 reward points allowed for cash redemption per calendar month, effective 1st September 2024

  • Cashback redemption

    * Cash credit New

  • Catalogue redemption

    IndusMoments

  • Statement-credit redemption

    Pay with Rewards

  • Airline and hotel partners points may move to

    InterMiles redemption discontinued effective 21st January 2025

  • Airline and hotel partners points may move to

    Airline Miles on Krisflyer

  • What one reward unit is worth

    1 RP = ₹0.50 for non-cash redemptions (excluding airmiles)

  • Fuel earning

    No reward points on fuel transactions (effective 1st April 2018)

Also included

  • Fuel surcharge waiver

    1% fuel surcharge waiver at any petrol pump within India

  • Insurance benefit

    IndusInd Bank has tied up with The Oriental Insurance Company Ltd.

  • Travel insurance

    Loss of passport ₹50,000

Charges

  • 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 charge-free credit period could range up to 50 days

  • Late payment fee

    NIL up to ₹100; ₹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

  • Eligibility

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

Ways to redeem your points

  • Cashback against your bill₹0.40 a point

    “From 1 st March 2024, the value of cash redemption will be 1 RP = Rs.0.40” Proof

  • Airline miles

    “From 1 st March 2024, the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.60” Proof

Points expiring? Use Expiry Rescue

In the terms, not the brochure (2)

  • Whether carrying a balance ends the interest-free period

    Interest free credit period is applicable only if all previous dues are paid in full, and there is no unpaid balance carried over from previous month's statement outstanding dues

  • What must be paid with the card for the cover to apply

    Unauthorised transactions covered up to 48 hours prior to reporting loss of card

How we know - 4 documents from IndusInd Bank, checked 8 Nov 2026

4 documents from IndusInd Bank, checked 8 Nov 2026.

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