Platinum Select Credit Card (Discontinued)

Joining Fee

₹2,000

Annual Fee

Rs. 2000 + Taxes

Rewards
Lifestyle
Fuel
Best For: Existing cardholders managing ongoing benefits, Frequent fuel spenders seeking surcharge waiver, Travelers needing basic travel insurance

Platinum Select Credit Card (Discontinued)

Rewards Structure

Base Reward Rate

0.67% on spends

Point Value

1 Point = ₹0.6

Pros

  • Fuel surcharge waiver at all petrol pumps across India
  • Travel insurance coverage for multiple scenarios
  • Total Protect fraud insurance up to credit limit
  • Reward points redeemable for cash, merchandise, and airline miles
  • Welcome gift vouchers from popular brands

Cons

  • Discontinued product — no new applications accepted
  • BookMyShow BOGO offer discontinued from October 2022
  • Fuel transactions do not accrue reward points effective April 2018
  • Cash redemption value reduced to 1 RP = Rs.0.40 from March 2024
  • Non-cash redemption value 1 RP = Rs.0.60 from March 2024
  • Cash redemption capped at 2500 reward points per calendar month from September 2024

Hidden Catches (Transparency Policy)

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

Reward points not earned on fuel transactions from April 2018

Welcome gift only applicable on select fee plans

Cash redemption capped at 2500 points per calendar month

Club Vistara and InterMiles redemption discontinued

Redemption program revised for select merchant categories from August 2019

Key Benefits & Features

Welcome gift vouchers from brands like Pantaloons, Bata, Raymond, Charles and Keith, Hush Puppies (applicable on select fee plan)

Airline Miles redemption on KrisFlyer; InterMiles redemption discontinued from 21st January 2025; Club Vistara Airmiles discontinued from 31st Oct 2024

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 Select Credit Card (Discontinued)

The IndusInd Bank Platinum Select Credit Card is a premium lifestyle card designed to cater to every aspect of cardholders' everyday needs. Though discontinued for new applicants, it continues to serve existing holders with a well-rounded set of rewards and benefits. Cardholders earn 1 reward point for every Rs. 150 spent, with flexible redemption options including cash credit, IndusMoments, airline miles on KrisFlyer, and the Pay with Rewards program. From 1st March 2024, non-cash redemptions are valued at Rs. 0.60 per point, while cash redemptions are valued at Rs. 0.40 per point, with a monthly cap of 2,500 points for cash redemption effective September 2024. Beyond rewards, the card offers practical everyday savings through a 1% fuel surcharge waiver at petrol pumps across India. Travelers benefit from comprehensive travel insurance coverage, including protection for lost baggage, delayed baggage, passport loss, lost tickets, and missed connections, underwritten by ICICI Lombard. The card also features Total Protect, a fraud protection program covering unauthorized transactions up to the credit limit, including incidents up to 48 hours before the loss is reported, as well as protection against counterfeit fraud. Welcome gift vouchers from select lifestyle brands further add value for eligible cardholders.

Expert Review

Our Verdict

Discontinued premium card with reward points, fuel surcharge waiver, movie perks & travel insurance.

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