MyFinCards
IndusInd Platinum RuPay Credit Card

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

Forex Markup

3.5% + GST

INTERNATIONAL
IndusInd Bank
Rewards
Lifestyle
Fuel
Best For: UPI-first users wanting credit card rewards, Budget-conscious users seeking no-fee card, Frequent fuel spenders, Domestic travelers needing basic travel insurance

IndusInd Platinum RuPay Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.6

Earning Cap

₹2,500 /monthly

Pros

  • Lifetime free - zero joining and annual fee
  • 2X reward points on UPI transactions
  • UPI-enabled RuPay credit card
  • 1% fuel surcharge waiver
  • Travel insurance coverage up to ₹2.25 lakh
  • Fraud protection via Total Protect program
  • Flexible reward redemption options including airline miles and cash credit

Cons

  • High forex markup of 3.5% on international transactions
  • Fuel transactions do not accrue reward points
  • Cash redemption capped at 2500 reward points per calendar month
  • Non-cash redemption value reduced to 1 RP = ₹0.60 from 15th December 2024
  • Club Vistara Airmiles redemption discontinued from 31st Oct 2024
  • InterMiles redemption discontinued from 21st January 2025

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

Cash redemption capped at 2500 reward points per calendar month

Reward points earned only for spends up to assigned credit limit per statement cycle

3.5% forex markup makes it unsuitable for international use

Fuel transactions excluded from reward points accrual

Non-cash redemption value (excl. airmiles) reduced to ₹0.60 per RP from Dec 2024

Key Benefits & Features

Credit card linked to UPI apps (BHIM, Google Pay, PhonePe, Paytm) for seamless UPI payments

Total Protect: Fraud protection up to credit limit, covers 48 hours prior to loss reporting and counterfeit fraud

Notable Exclusions

No reward points on fuel transactionsReward points earned only for spends up to assigned credit limit in every statement cycle

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About IndusInd Platinum RuPay Credit Card

The IndusInd Bank Platinum RuPay Credit Card is a lifetime-free credit card designed for users who want the combined convenience of UPI payments and credit card rewards. With zero joining fee and zero annual fee, the card can be seamlessly linked to popular UPI apps such as BHIM, Google Pay, PhonePe, and Paytm, enabling cardholders to scan and pay at any merchant QR code while earning rewards on every transaction. The card offers 2 reward points for every ₹100 spent via UPI transactions and 1 reward point for every ₹100 on non-UPI transactions. Cardholders can also earn ₹0.70 for every ₹100 spent on select merchant categories. Reward points can be redeemed through multiple options, including IndusMoments, airline miles on KrisFlyer, cash credit, or Pay with Rewards. Additionally, the card provides a 1% fuel surcharge waiver at petrol pumps across India. Beyond rewards, the Platinum RuPay Credit Card includes valuable protective benefits. Travel insurance coverage of up to ₹2.25 lakh covers lost baggage, delayed baggage, loss of passport, lost tickets, and missed connections. The card also features Total Protect, a fraud protection program that covers unauthorized transactions up to the credit limit, including coverage up to 48 hours prior to reporting card loss, making it a well-rounded, no-cost card for everyday digital spenders.

Expert Review

Our Verdict

Lifetime-free RuPay card with 2X rewards on UPI payments, fuel waiver & travel insurance.

Frequently Asked QuestionsAbout IndusInd Platinum RuPay Credit Card

INTERNATIONALCan I use my Platinum RuPay Credit Card for online purchases from international merchants?
Yes, you can use the Platinum RuPay Credit Card for international transactions. However, note that it comes with a 3.5% Forex Mark-up on all foreign currency transactions. Due to this relatively high markup, it is advisable to use it cautiously for international purchases. For frequent international spenders, you may want to consider a card with a lower forex markup.
BENEFITSAre there any special benefits or discounts exclusive to Platinum RuPay Credit Card holders?
Yes, Platinum RuPay Credit Card holders enjoy several exclusive benefits: 2 reward points on every ₹100 spent via UPI transactions, 1 reward point for every ₹100 spent via non-UPI transactions, 1% fuel surcharge waiver, and travel insurance coverage worth ₹2.25 lakh — including lost baggage coverage up to ₹1 lakh, passport loss cover up to ₹50,000, and delayed baggage, lost ticket, and missed connection coverage up to ₹25,000 each. You can also make payments via UPI without needing a physical card.
APPLICATIONHow can I apply for the Platinum RuPay Credit Card?
You can apply for the Platinum RuPay Credit Card by visiting the IndusInd Bank website or clicking the 'Apply Now' button on the card page. Both existing IndusInd Bank customers and new customers are eligible to apply. The application process is fully online — simply provide your personal details, choose a card offer, accept the card terms, and complete a quick Video KYC (VKYC). The entire process is digital and designed for instant approval.
FEESIs there any joining fee or annual fee for the Platinum RuPay Credit Card?
No, the Platinum RuPay Credit Card is completely lifetime-free. You do not have to pay any joining fee or annual fee at any point. This makes it an excellent no-cost card that also provides valuable benefits such as reward points on UPI and non-UPI transactions, a 1% fuel surcharge waiver, travel insurance coverage, and fraud protection — all without any recurring charges.
REWARDSAre there any rewards for non-UPI transactions on the Platinum RuPay Credit Card?
Yes, for non-UPI transactions, you earn 1 reward point for every ₹100 spent. Additionally, you can earn ₹0.70 for every ₹100 spent on select merchant categories, applicable to both UPI and non-UPI transactions. However, fuel transactions are excluded from earning reward points. The rewards program ensures that whether you use the card for UPI payments or regular transactions, you will continue to earn rewards on your spending.
USAGEHow do I link my Platinum RuPay Credit Card to a UPI app?
To link your Platinum RuPay Credit Card to UPI, open a supported UPI app such as BHIM, PhonePe, Paytm, or Google Pay. Select the 'Add Credit Card' or 'Link Credit Card' option, choose IndusInd Bank as the issuer, and select your Platinum RuPay Credit Card. Then generate your UPI PIN by entering the last 6 digits of your card and expiry date, after which an OTP will be sent to your registered mobile number. Enter the OTP and set your preferred UPI PIN to complete the process.
REWARDSWhat is the value of reward points and what are the redemption options available?
Reward points can be redeemed through multiple options including IndusMoments, Airline Miles on KrisFlyer, Cash Credit, and Pay with Rewards. From 15th December 2024, the value of non-cash redemption (excluding airmiles) is 1 RP = ₹0.60. For cash redemption, a maximum of 2,500 reward points can be redeemed per calendar month (effective 1st September 2024). Please note that Club Vistara Airmiles redemption was discontinued from 31st October 2024, and InterMiles redemption was discontinued from 21st January 2025.
BENEFITSWhat travel insurance coverage does the Platinum RuPay Credit Card offer?
The Platinum RuPay Credit Card provides travel insurance coverage through a tie-up with The Oriental Insurance Company Ltd. The total coverage is up to ₹2.25 lakh and includes: Lost baggage cover up to ₹1,00,000; Delayed baggage cover up to ₹25,000; Loss of passport cover up to ₹50,000; Lost ticket cover up to ₹25,000; and Missed connection cover up to ₹25,000. This insurance coverage is available to all Platinum RuPay Credit Cardholders as part of their card benefits.
BENEFITSWhat is the Total Protect program and how does it safeguard my card?
Total Protect is a fraud protection program offered with the Platinum RuPay Credit Card that covers you up to your full credit limit against fraudulent transactions. It covers unauthorized transactions in case of card loss or theft — including coverage for up to 48 hours prior to reporting the loss to IndusInd Bank. It also protects against counterfeit fraud, where your card details may be stolen and misused to create duplicate plastic. The program is also available on add-on cards, ensuring comprehensive protection for all cardholders.
BENEFITSHow does the 1% fuel surcharge waiver work on the Platinum RuPay Credit Card?
The Platinum RuPay Credit Card offers a 1% waiver on fuel surcharge at any petrol pump across India. For example, if your monthly fuel usage is ₹4,000, you can save approximately ₹40 per month, amounting to ₹480 in annual savings. Please note that while you benefit from the surcharge waiver, fuel transactions do not accrue any reward points. Actual savings will depend on your individual fuel usage pattern. Terms and conditions apply.
REWARDSHow many reward points do I earn on UPI transactions with the Platinum RuPay Credit Card?
You earn 2 reward points for every ₹100 spent via UPI transactions using the Platinum RuPay Credit Card — double the points compared to non-UPI transactions. This makes the card particularly rewarding for everyday digital payments through UPI apps like BHIM, Google Pay, PhonePe, and Paytm. Reward points are earned only on spends up to your assigned credit limit in every statement cycle. Fuel transactions are excluded from earning reward points.
USAGEWhat UPI apps are supported for making payments with the Platinum RuPay Credit Card?
The Platinum RuPay Credit Card can be linked to all major UPI apps in India, including BHIM, Google Pay, PhonePe, and Paytm. Once linked, you can scan any merchant QR code or enter a merchant UPI ID to make payments. Simply select the Platinum RuPay Credit Card from your list of payment options, enter your UPI PIN, and confirm the transaction. If you are not yet registered on any UPI app, download one from the Play Store or App Store and verify your mobile number before linking the card.
ELIGIBILITYIs the Platinum RuPay Credit Card available to new IndusInd Bank customers as well?
Yes, the Platinum RuPay Credit Card is available to both existing IndusInd Bank credit cardholders and new customers who do not hold any IndusInd Bank Credit Card. Existing cardholders can apply directly through the 'Apply Now' button (excluding co-brand credit card holders). New customers can also apply online by providing their details, selecting a card offer, accepting the terms, and completing a Video KYC. The entire application process is digital with instant approval.
REWARDSAre there any limitations or restrictions on earning reward points?
Yes, there are a few key limitations on earning reward points with the Platinum RuPay Credit Card. Fuel transactions do not accrue any reward points. Reward points are earned only on spends up to your assigned credit limit within each statement cycle. For cash redemption, a maximum of 2,500 reward points can be redeemed per calendar month (effective 1st September 2024). Additionally, from 15th December 2024, the value of non-cash redemption (excluding airmiles) has been revised to 1 RP = ₹0.60.
INTERNATIONALWhat is the forex markup charged on international transactions with this card?
The IndusInd Platinum RuPay Credit Card charges a forex markup of 3.5% on all international or foreign currency transactions. This is a relatively high markup compared to some other credit cards in the market. If you frequently travel abroad or shop from international merchants online, it is advisable to use this card cautiously, as the 3.5% markup will be applied over and above the transaction amount, increasing your overall cost.

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