IndusInd Bank Platinum RuPay Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Get 2 reward points for every Rs. 100 spent on UPI transactions. Obtain 1 reward point for every Rs. 100 spent on transactions other than UPI.

The IndusInd Bank Platinum RuPay Credit Card is a shopping-oriented card that offers a range of benefits for users.

With no joining fee or renewal fee, it presents an attractive option for individuals looking for a cost-effective credit card.

The card provides reward points as its main reward type, allowing users to accumulate points and redeem them for various rewards.

When it comes to shopping, the card offers 2 reward points for every Rs 100 spent on UPI transactions, and 1 reward point for each Rs 100 spent on non-UPI transactions.

While the card does not offer specific benefits for movies or dining, it makes up for it by providing Travel Insurance as an insurance benefit.

This provides users with added peace of mind when traveling.

One important consideration for cardholders is the rewards redemption fee, which is set at Rs. 100.

This fee should be taken into account when planning to redeem accumulated reward points.

In terms of fees, the card has a foreign currency markup rate of 0.035, which is relatively competitive compared to other credit cards.

The interest rate stands at 3.83% per month (46% yearly), which is in line with industry standards.

For fuel purchases, the card offers a 1% fuel surcharge waiver, up to a maximum of Rs. 40 per month or Rs. 480 annually.

While this may not be the highest waiver available, it is still a valuable benefit for those who frequently use their credit card for fuel expenses.

Cash advances are also available with the IndusInd Bank Platinum RuPay Credit Card, with a fee of 2.5% of the total transaction amount or a minimum of Rs. 300.

In summary, the IndusInd Bank Platinum RuPay Credit Card is a suitable choice for shoppers who are looking for a credit card with no joining or renewal fees.

It offers attractive rewards for UPI and non-UPI transactions, along with travel insurance benefits.

While it may not have specific benefits for movies, dining, or lounges, it compensates with cost-effective features such as a competitive foreign currency markup rate and a fuel surcharge waiver.