IndusInd Bank Platinum RuPay Credit Card

Joining fee

₹10,000 to join.

Annual fee

No Annual Fees; there is no annual fee.

Fee waiver rule

No annual fee to waive: the bank's fee table gives this card's annual fee as NIL and its condition for waiver of annual fees as NA.

Add-on card fee

₹0

Reward rate

Earn 2 Reward Points on every ₹100 transaction done through UPI; earn 1 Reward Point for every ₹100 on non UPI transactions; earn 0.70 for every ₹100 on select merchant categories (applicable for both UPI & Non-UPI transactions)

Fuel earningReward exclusions

Not offered: Fuel transactions will not accrue any reward points.

Reward caps

Reward Points will be earned only for spends up to assigned credit limit in every statement cycle

What one reward unit is worth

From 15th December 2024, the value of non-cash redemption (excluding airmiles) will be 1 RP = ₹0.60

Cashback redemption

Effective 1st September 2024, maximum reward points allowed for cash redemption will be 2500 per calendar month

Points transfer redemption

Airline Miles on Krisflyer

Airline and hotel partners points may move to

Airline Miles on Krisflyer. Reward Points Redemption towards Club Vistara Airmiles will be discontinued effective 31st Oct 2024; Reward Points redemption towards InterMiles will be discontinued effective 21st January, 2025

Fuel surcharge waiver

Enjoy a waiver* of 1% on fuel surcharge at any petrol pump within India (T&C Apply)

Lost card liability

Total Protect covers a sum up to the credit limit on your credit card, available on add-on cards as well; unauthorised transactions in case of loss/theft of card: insurance cover up to 48 hours prior to you reporting the loss of your card to IndusInd Bank

Travel insurance

Travel insurance coverage worth 2.25L, with lost baggage coverage up to ₹1 lakh, passport loss cover up to ₹50,000 and Delayed baggage/ Lost ticket/ Missed connection up to ₹25,000 each

Forex markup

3.5% on foreign currency transactions.3.5% Forex Mark-up on international transactions

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

Up to 50 days

Late payment fee

Nil to ₹1,300 by outstanding balance (₹1,300 above ₹50,000)

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.

Minimum age

Cards will not be issued to any person less than 18 years of age.