MyFinCards
Platinum Master Credit Card

Joining Fee

₹500

Annual Fee

Rs. 500 + Taxes

IndusInd Bank
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.

Official Terms & Conditions

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.

Frequently Asked QuestionsAbout Platinum Master Credit Card

REWARDSHow many reward points do I earn on the Platinum Master Credit Card?
You earn 1.5 Reward Points for every ₹150 spent on your IndusInd Bank Platinum Master Credit Card. These points can be accumulated through both business and personal purchases wherever and whenever you choose. Please note that effective from 1st April 2018, fuel transactions will not accrue reward points on your IndusInd Bank Credit Card.
REWARDSWhat are the redemption options available for reward points?
Your reward points can be redeemed through multiple options including IndusMoments, Pay with Rewards, Airline Miles on KrisFlyer, and Cash Credit. From 1st March 2024, the value of non-cash redemptions (excluding airmiles) is 1 RP = ₹0.60, while cash redemption is valued at 1 RP = ₹0.40. Please note that Club Vistara Airmiles redemption was discontinued from 31st October 2024, and InterMiles redemption was discontinued from 21st January 2025.
REWARDSIs there a limit on reward points redeemable as cash credit?
Yes, effective 1st September 2024, the maximum reward points allowed for cash redemption is capped at 2,500 reward points per calendar month. The cash redemption value is 1 RP = ₹0.40. For higher-value redemptions, you may consider non-cash options such as IndusMoments or airline miles on KrisFlyer, which offer better redemption value at 1 RP = ₹0.60.
BENEFITSWhat travel insurance coverage does the Platinum Master Credit Card offer?
The IndusInd Bank Platinum Master Credit Card provides comprehensive travel insurance coverage through The Oriental Insurance Company Ltd. Coverage includes: Lost Baggage up to ₹1,00,000; Delayed Baggage up to ₹25,000; Loss of Passport up to ₹50,000; Lost Ticket up to ₹25,000; and Missed Connection up to ₹25,000. This insurance is designed to offer cardholders peace of mind during their travels.
BENEFITSDoes the Platinum Master Credit Card offer a fuel surcharge waiver?
Yes, the Platinum Master Credit Card offers a 1% fuel surcharge waiver at all petrol pumps across India. For example, on a monthly fuel usage of ₹2,000, you can save ₹20 per month, amounting to ₹240 in annual savings. Please note that while you enjoy the surcharge waiver, fuel transactions do not accrue reward points effective from 1st April 2018.
BENEFITSWhat is the Total Protect feature on the Platinum Master Credit Card?
Total Protect is a fraud protection program that covers you for a sum up to your full credit limit on the Platinum Master Credit Card. It covers unauthorized transactions in case of loss or theft of your card up to 48 hours prior to reporting the loss to IndusInd Bank, as well as counterfeit fraud where your card or card details are stolen and used to create counterfeit plastic. The program is also available on add-on cards.
BENEFITSWhat welcome gifts are available with the Platinum Master Credit Card?
The Platinum Master Credit Card offers several welcome gifts including a Montblanc gift (from their collection of watches, writing instruments, jewellery, leather goods, and eyewear available across 12 stores in India), The Postcard Hotel vouchers for luxury hotel stays, and Vouchagram discount vouchers from brands like Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, Ola, Pantaloons, Bata, Raymond, and more. Please note that welcome gifts are only applicable on select fee plans.
BENEFITSHas the BookMyShow offer been discontinued on the Platinum Master Credit Card?
Yes, effective 1st October 2022, the BookMyShow offer on the IndusInd Bank Platinum Credit Card has been discontinued. Cardholders who previously enjoyed BookMyShow benefits will no longer be able to avail these offers. You can still enjoy other lifestyle and rewards benefits available on the card such as IndusMoments, KrisFlyer airline miles, fuel surcharge waiver, and comprehensive travel insurance coverage.
FEESWhat are the joining and annual fees for the Platinum Master Credit Card?
The IndusInd Bank Platinum Master Credit Card does not have publicly listed standard joining or annual fees on the card page. The applicable fee plan may vary depending on the offer extended to you at the time of application. It is important to note that welcome gifts are only applicable on select fee plans. We recommend contacting IndusInd Bank directly or visiting the official website for the most up-to-date fee information applicable to your profile.
OTHERWhat payment network does the Platinum Master Credit Card operate on?
The IndusInd Bank Platinum Master Credit Card operates on the Mastercard payment network. This means you can use the card at millions of merchant locations worldwide wherever Mastercard is accepted, both domestically and internationally. The Mastercard network ensures wide acceptance across online and offline merchants, making it a versatile card for travel, lifestyle, and everyday purchases.
APPLICATIONHow can I apply for the IndusInd Bank Platinum Master Credit Card?
You can apply for the IndusInd Bank Platinum Master Credit Card online through the IndusInd Bank official website by clicking on the 'Apply for Credit Card' option. IndusInd Bank also offers a 100% digital process with instant approval for credit cards. Alternatively, you can visit the nearest IndusInd Bank branch, contact customer care, or use the IndusInd Bank mobile app (INDIE) to initiate your application.
DOCUMENTSWhat documents are typically required to apply for the Platinum Master Credit Card?
While specific document requirements are not listed on the card page, typically to apply for an IndusInd Bank credit card you will need: a valid government-issued identity proof (Aadhaar, PAN card, Passport), address proof, recent passport-sized photographs, and income proof such as the latest salary slips or IT returns. KYC can be completed instantly through IndusInd Bank's Video KYC facility. Contact IndusInd Bank or visit a branch for the exact document requirements.
INTERNATIONALWhat are the forex markup charges for international transactions on this card?
The Platinum Master Credit Card page does not explicitly mention a specific foreign exchange (forex) markup rate for international transactions. For accurate and up-to-date information on forex markup charges, cross-currency transaction fees, and any other international usage charges, it is recommended to refer to the Schedule of Charges on the IndusInd Bank official website or contact IndusInd Bank customer care directly before using the card abroad.
USAGEHow do I redeem reward points through IndusMoments?
To redeem your reward points through IndusMoments, you can visit the IndusMoments portal linked from the IndusInd Bank website. IndusMoments offers a wide range of redemption options across categories. Simply log in with your credit card credentials, browse available options, and select your preferred redemption. From 1st March 2024, non-cash redemptions (excluding airmiles) are valued at 1 RP = ₹0.60. Terms and conditions apply — please refer to the IndusMoments T&C for detailed steps.
CANCELLATIONHow can I cancel or close my Platinum Master Credit Card?
To cancel or close your IndusInd Bank Platinum Master Credit Card, you can contact IndusInd Bank's customer care helpline, visit your nearest IndusInd Bank branch, or send a written request. Before cancellation, ensure all outstanding dues are cleared and any reward points are redeemed as they may lapse upon card closure. You may also use the IndusInd Bank mobile app (INDIE) or net banking portal to initiate a closure request. Terms and conditions regarding card closure apply.

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