IndusInd Bank Payback Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Receive 1,000 Payback points as a token of appreciation upon joining. Enjoy complimentary access to PAYBACK Plus membership. Earn 20 Payback points for every Rs. 100 spent on movies. Receive 5 Payback points for every Rs. 100 spent on dining, groceries, and shopping. Earn 2 Payback points for every Rs. 100 spent on all purchases. Take advantage of personal air accident insurance coverage up to Rs. 25 lakhs. Receive complimentary access to auto assist services. Receive a 1% fuel surcharge waiver.

The IndusInd Bank Payback Credit Card is a credit card that offers various benefits and rewards, making it a suitable choice for individuals who enjoy movies and shopping.

With a joining fee of Rs. 249 + GST and no renewal fee, this card is affordable and convenient.

One of the standout features of this card is its reward points system.

Cardholders can earn Reward Points for their purchases, with different categories offering different point values.

For movies, customers can earn 20 PAYBACK Points for every Rs. 100 spent.

Groceries, dining, and shopping also offer a rewarding experience, with 5 PAYBACK Points awarded for each eligible transaction.

For other spends, customers will receive 2 PAYBACK Points.

Upon paying the joining fee, cardholders will be rewarded with a welcome benefit of 1,000 PAYBACK points.

This introduction gift is a nice addition to the overall package.

Moving on to insurance benefits, this card offers coverage for personal air accidents up to Rs. 25 lakhs.

This feature adds an extra layer of security and peace of mind to cardholders.

In terms of fees, there is a rewards redemption fee of Rs. 100.

Additionally, for foreign transactions, there is a foreign currency markup of 3.5%.

These fees should be considered when using the card for international purchases or redeeming rewards.

For fuel purchases in India, customers can enjoy a 1% fuel surcharge waiver on transactions between Rs. 400 - Rs. 4000.

This small perk can add up to significant savings over time.

Cash advances are also available with this card, with a fee of 2.5% of the advance amount (minimum of Rs. 300).

While useful in emergencies, it's important to note this fee before opting for a cash advance.

In summary, the IndusInd Bank Payback Credit Card is a solid choice for movie enthusiasts and frequent shoppers.

The rewards points system, welcome benefit, and insurance coverage make it a worthwhile option.

The various fees, such as the rewards redemption fee and foreign currency markup, should be considered when using this card.

However, the fuel surcharge waiver and cash advance options provide added convenience and flexibility.