Platinum Master Credit Card

Joining Fee

₹500

Annual Fee

Rs. 500 + Taxes

Travel
Lifestyle
Rewards
Best For: Frequent travelers seeking insurance coverage, Lifestyle spenders wanting brand vouchers, Cardholders wanting fraud protection

Platinum Master Credit Card

Rewards Structure

Base Reward Rate

1.5% on spends

Point Value

1 Point = ₹0.6

Pros

  • 1.5 reward points per INR 150 spent
  • Comprehensive travel insurance coverage
  • 1% fuel surcharge waiver at all petrol pumps in India
  • Total Protect fraud coverage up to full credit limit
  • Welcome gifts including Montblanc and hotel vouchers
  • Multiple redemption options including airline miles (KrisFlyer), IndusMoments, and cash credit

Cons

  • Fuel transactions do not accrue reward points (effective April 2018)
  • Cash redemption value lower at 1 RP = Rs.0.40
  • Maximum 2500 reward points allowed for cash redemption per calendar month (effective Sep 2024)
  • Club Vistara airmiles redemption discontinued from Oct 2024
  • InterMiles redemption discontinued from Jan 2025
  • BookMyShow offer discontinued from Oct 2022
  • Welcome gift only applicable on select fee plans

Hidden Catches (Transparency Policy)

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

Fuel transactions do not earn reward points

Cash redemption capped at 2500 points per calendar month

Non-cash redemption value is 1 RP = Rs.0.60 and cash redemption is 1 RP = Rs.0.40 from March 2024

Welcome gifts only on select fee plans

Key Benefits & Features

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

Welcome gift: Montblanc collection, The Postcard Hotel voucher, Vouchagram discount vouchers (Amazon, Flipkart, Uber, Ola etc.) - applicable on select fee plan

Vouchagram Premium: Discounts at Pantaloons, Bata, Raymond, Hush Puppies and more - applicable on select fee plan

Notable Exclusions

No reward points on fuel transactionsRevised rewards program for select merchant categories

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

These details are based on information updated on . Fees and benefits change often - confirm on the issuer's own page before applying.

About Platinum Master Credit Card

The IndusInd Bank Platinum Master Credit Card is designed to deliver a comprehensive range of travel and lifestyle benefits tailored to suit your individual preferences. Cardholders earn 1.5 Reward Points for every INR 150 spent, which can be redeemed across multiple options including IndusMoments, airline miles on KrisFlyer, and cash credit. Note that fuel transactions do not accrue reward points, and cash redemptions are capped at 2,500 reward points per calendar month. On the travel front, the card provides meaningful insurance coverage through a tie-up with Oriental Insurance Company, protecting cardholders against lost baggage (up to INR 1,00,000), delayed baggage, loss of passport, lost tickets, and missed connections. A 1% fuel surcharge waiver at petrol pumps across India adds further everyday value. Lifestyle benefits include welcome vouchers from premium brands such as Montblanc and The Postcard Hotel, along with discount vouchers from popular brands like Amazon, Flipkart, Uber, Pantaloons, Bata, and Raymond through the Vouchagram program. Security is reinforced through the Total Protect program, which covers unauthorized and counterfeit card transactions up to 48 hours prior to reporting a loss. Altogether, the Platinum Master Credit Card offers a well-rounded package for travelers and lifestyle spenders seeking both rewards and peace of mind.

Expert Review

Our Verdict

Platinum card with 1.5X rewards, travel insurance, fuel surcharge waiver & lifestyle privileges.

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