MyFinCards
Payback Credit Card (Discontinued)

Joining Fee

₹249

Annual Fee

Rs. 0 + Taxes

IndusInd Bank
Rewards
Shopping
Lifestyle
Best For: Frequent shoppers and grocery buyers, Movie enthusiasts, Dining out regulars, Existing PAYBACK loyalty program members

Payback Credit Card (Discontinued)

Rewards Structure

Base Reward Rate

% on spends

Point Value

1 Point = ₹0.25

Pros

  • Welcome bonus of 1000 PAYBACK points on joining fee payment
  • High reward rate of 20 points per INR 100 on movie bookings
  • 5 points per INR 100 on groceries, shopping and dining
  • Fuel surcharge waiver of 1% at all fuel stations
  • Monthly and annual milestone bonus points
  • Complimentary PAYBACK PLUS membership
  • 24-hour concierge and auto assist services
  • Total Protect insurance against fraudulent transactions
  • Accelerated points at PAYBACK partner brands

Cons

  • Discontinued for new applicants
  • Only 2 points per INR 100 on miscellaneous spends
  • No reward points on fuel transactions
  • Auto Assist available only in 6 cities
  • PAYBACK Points transfer requires an active PAYBACK account

Hidden Catches (Transparency Policy)

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

Cash withdrawal, balance transfer, fees, interest charges and loan transactions excluded from milestone spend calculation

Welcome bonus points credited within 30 working days of joining fee payment

Monthly bonus points credited before end of next calendar month

Reversed transactions not counted towards milestone spends

Benefits lapse if cardholder relationship is terminated before points credit

FPC Future Privilege Membership not applicable on new issuances from 1st Dec 2020

Key Benefits & Features

Auto Assist - Roadside repair, emergency fuel, flat tyre, lost keys, battery service, towing in 6 cities

Complimentary PAYBACK PLUS membership for a year with monthly benefits up to INR 20,000

Contactless chip-based card accepted at 10 lakh merchants in India and 30 million+ worldwide

Notable Exclusions

No reward points on fuel spendsCash Withdrawal, Balance Transfer, Fees, Interest Charges and Loan transactions not eligible for milestone spend calculation

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

Official Terms & Conditions

About Payback Credit Card (Discontinued)

Please note that the IndusInd Bank PAYBACK Credit Card has been discontinued for new applicants and is displayed solely as a reference for existing cardholders. The IndusInd Bank PAYBACK Credit Card was designed to reward cardholders on everyday spending through a partnership with the PAYBACK loyalty program. New cardholders received 1,000 PAYBACK Points as a welcome bonus upon paying a one-time joining fee of ₹249, along with complimentary PAYBACK PLUS membership offering monthly benefits of up to ₹20,000. The card earned 5 PAYBACK Points per ₹100 spent on groceries, shopping, and dining, 20 PAYBACK Points per ₹100 on movie bookings, and 2 PAYBACK Points per ₹100 on other miscellaneous purchases. Additional bonus points were available for reaching monthly and annual spend milestones. A 1% fuel surcharge waiver was also included across all fuel stations in India. Beyond rewards, the card offered 24-hour concierge services for travel, hotel, and entertainment bookings, as well as Auto Assist for roadside emergencies including towing, flat tyre repair, and emergency fuel delivery. The Total Protect program provided coverage against fraudulent transactions up to 48 hours before a lost card was reported. As a chip-based contactless card, it was accepted at over 10 lakh merchant outlets in India and more than 30 million worldwide.

Expert Review

Our Verdict

PAYBACK-powered rewards card with bonus points on groceries, dining & movies. Now discontinued for new applicants.

Frequently Asked QuestionsAbout Payback Credit Card (Discontinued)

OTHERIs the IndusInd Bank PAYBACK Credit Card still available for new applicants?
No, the IndusInd Bank PAYBACK Credit Card has been discontinued for new applicants. It is only displayed as a reference for existing IndusInd Bank PAYBACK Credit Cardholders. If you are looking for a new credit card, IndusInd Bank offers a range of other credit card products that may match your lifestyle and spending needs.
FEESWhat is the joining fee for the PAYBACK Credit Card?
The one-time joining fee for the IndusInd Bank PAYBACK Credit Card is ₹249 plus applicable GST. Upon payment of this joining fee, cardholders receive a welcome bonus of 1,000 PAYBACK Points credited to their PAYBACK membership number within 30 working days of the joining fee payment.
BENEFITSWhat welcome benefits do I get with the PAYBACK Credit Card?
On payment of the one-time joining fee of ₹249 + GST, you receive 1,000 PAYBACK Points as a Welcome Bonus. Additionally, you get a complimentary PAYBACK PLUS membership for a year, which offers monthly benefits of up to ₹20,000. Please note that from 1st December 2020, Future Privilege Membership (FPC) is no longer applicable on new card issuances; instead, PAYBACK PLUS membership is provided.
REWARDSHow many PAYBACK Points do I earn on different spending categories?
With the IndusInd Bank PAYBACK Credit Card, you earn: 20 PAYBACK Points per ₹100 spent on movie bookings, 5 PAYBACK Points per ₹100 spent on groceries, shopping, and dining, and 2 PAYBACK Points per ₹100 on miscellaneous spends such as utilities and insurance (excluding fuel). Please note that no reward points are earned on fuel transactions.
REWARDSAre there any bonus reward points for reaching spending milestones?
Yes, the PAYBACK Credit Card offers milestone bonus points. You earn 500 PAYBACK Points on spending ₹20,000 or more in a calendar month, and 4,000 PAYBACK Points on spending ₹2,00,000 or more in a membership year. Spends on both primary and add-on cards are counted. Only purchase transactions qualify; cash withdrawals, balance transfers, fees, interest charges, and loan transactions are excluded.
USAGEHow can I redeem my PAYBACK Points?
You can redeem your PAYBACK Points in several ways: visit rewards.payback.in to choose products from the PAYBACK Rewards e-Catalogue, call the PAYBACK Contact Centre at 1860 258 5000 (10 AM to 9 PM) and quote the item code, or redeem points at PAYBACK partner brands in-store or online. Options include movie tickets on BookMyShow, groceries at Big Bazaar, shopping vouchers from VoucherWorld, and more. Visit www.payback.in for complete details.
USAGEHow are PAYBACK Points transferred to my PAYBACK account?
PAYBACK Points balance as on your statement date will be transferred to your PAYBACK Account. Points will only be transferred if you hold an active PAYBACK Account. The points will reflect in your PAYBACK Account within 10 working days of your Statement Date. To check your current PAYBACK Points balance, log on to www.payback.in or the PAYBACK Mobile App, call the PAYBACK Contact Centre, or SMS PBBAL to 9212146468 from your registered mobile number.
BENEFITSWhat is the fuel surcharge waiver offered on the PAYBACK Credit Card?
The IndusInd Bank PAYBACK Credit Card offers a 1% waiver on fuel surcharge across all fuel stations in India. Based on a monthly fuel usage of ₹8,000, this translates to a monthly savings of ₹80 and annual savings of ₹960. Please note that while the fuel surcharge waiver is available, no PAYBACK reward points are earned on fuel transactions. Terms and conditions apply.
BENEFITSWhat concierge services are available with the PAYBACK Credit Card?
The PAYBACK Credit Card offers 24-hour complimentary concierge services accessible from anywhere in the world. Services include pre-trip assistance, hotel reservations, flight bookings, sports and entertainment bookings, exclusive event reservations, and gift and flower delivery arrangements. To avail these services, call the Concierge Desk at 1860 267 7777. The concierge team can handle both business and personal requests to match your premium lifestyle needs.
BENEFITSWhat Auto Assist services are available and in which cities?
The PAYBACK Credit Card provides 24/7 Auto Assist services including roadside repair, emergency fuel supply (up to 5 litres), flat tyre service, lost key assistance (locksmith), battery service, emergency towing, and accident management with medical assistance. Please note that Auto Assist services are currently available only in six cities: Mumbai, Delhi, Bangalore, Pune, Chennai, and Kolkata. For assistance, call the Concierge Desk at 1860 267 7777.
BENEFITSWhat is Total Protect and what does it cover?
Total Protect is an insurance program that protects you against fraudulent use of your PAYBACK Credit Card. It covers an amount equal to your credit limit and is also available on add-on cards. Coverage includes unauthorized transactions in case of loss or theft of your card (up to 48 hours prior to reporting the loss to IndusInd Bank), and counterfeit fraud where card details may be stolen to produce duplicate cards. This ensures you are protected from fraudulent transactions.
REWARDSCan I earn accelerated PAYBACK Points at partner brands?
Yes, you can multiply your PAYBACK Points by earning points from different PAYBACK partner brands simultaneously. When you use your IndusInd Bank PAYBACK Credit Card and quote your linked mobile number or PAYBACK membership number at partner outlets, you earn points from both the partner brand and the card. For example, booking movie tickets on BookMyShow and paying with your PAYBACK Credit Card earns points from both sources on the same transaction.
USAGEIs the PAYBACK Credit Card a contactless card?
Yes, the IndusInd Bank PAYBACK Credit Card is a chip-based contactless credit card. It allows you to make fast, convenient, and secure everyday purchases by simply tapping the card at merchant locations that accept contactless payments. It can also be used at over 10 lakh merchant outlets in India and more than 30 million outlets worldwide. You can use it for in-store shopping, online purchases, movie ticket bookings, utility bill payments, and travel bookings.
REWARDSWhat is the overall value I can get from the PAYBACK Credit Card annually?
Based on a typical monthly spending of ₹21,600 (including shopping, groceries, dining, movies, and other spends), you can earn approximately 22,400 PAYBACK Points annually — including welcome bonus (1,000), monthly milestone points (6,000), and annual milestone points (4,000). This translates to an INR value of approximately ₹5,600, plus ₹240 in fuel surcharge savings, giving a total annual savings of around ₹5,840. Actual savings will vary based on individual spending patterns.
REWARDSAre there any transactions that do not earn PAYBACK Points?
Yes, certain transactions do not earn PAYBACK Points on the PAYBACK Credit Card. Fuel transactions do not earn reward points, though they are eligible for the 1% fuel surcharge waiver. Additionally, cash withdrawals, balance transfers, fees, interest charges, and loans taken on the credit card are not considered eligible transactions for reward points or milestone spend calculations. From August 1, 2019, the rewards program was also revised for select merchant categories.

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