MyFinCards
Platinum Visa Credit Card

Joining Fee

Free

Annual Fee

Rs. 0 + Taxes

IndusInd Bank
Rewards
Travel
Lifestyle
Fuel
Best For: Frequent travelers, Lifestyle spenders, Those seeking insurance benefits, Regular fuel users

Platinum Visa Credit Card

Rewards Structure

Base Reward Rate

1.5% on spends

Point Value

1 Point = ₹0.6

Earning Cap

₹2,500 /monthly

Pros

  • Lifetime free card
  • 1.5 reward points per Rs. 150 spent
  • 1% fuel surcharge waiver at all petrol pumps in India
  • Comprehensive travel insurance coverage
  • Total Protect fraud cover up to credit limit
  • Multiple reward redemption options including air miles, cash credit, and IndusMoments
  • Welcome gifts from premium brands

Cons

  • Fuel transactions do not accrue reward points (effective April 2018)
  • BookMyShow offer discontinued from October 2022
  • Club Vistara Airmiles redemption discontinued from October 2024
  • InterMiles redemption discontinued from January 2025
  • Cash redemption value lower: 1 RP = Rs. 0.40
  • Cash redemption capped at 2500 reward points per calendar month

Hidden Catches (Transparency Policy)

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

Welcome gift only applicable on select fee plan

Non-cash redemption value revised to 1 RP = Rs. 0.60 from March 2024

Cash redemption capped at 2500 RP per calendar month from September 2024

Rewards program revised for select merchant categories from August 2019

Fuel transactions excluded from reward points accrual

Key Benefits & Features

Welcome gift options: Montblanc, The Postcard Hotel voucher, Vouchagram (Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, Ola and more) - applicable on select fee plan

Notable Exclusions

No reward points on fuel transactions

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

Official Terms & Conditions

About Platinum Visa Credit Card

The IndusInd Bank Platinum Visa Credit Card is a lifetime-free credit card designed to offer a comprehensive range of travel and lifestyle benefits tailored to suit your everyday preferences and aspirations. Built on the Visa network, this card is crafted for those who seek convenience, flexibility, and rewarding experiences across spending categories including travel, lifestyle, and fuel. The card's rewards program allows cardholders to earn 1.5 Reward Points for every INR 150 spent, providing consistent value on both business and personal purchases. These points can be redeemed through multiple options, including IndusMoments, Pay with Rewards, and airline miles on KrisFlyer, offering cardholders meaningful flexibility in how they use their accumulated points. It is worth noting that fuel transactions do not accrue reward points, though the card does offer a fuel surcharge waiver. Beyond rewards, the Platinum Visa Credit Card delivers comprehensive insurance benefits and exclusive lifestyle privileges across travel, dining, and shopping. Welcome benefits include access to premium experiences through luxury brands such as Montblanc and The Postcard Hotel, making this card a well-rounded choice for frequent travelers, lifestyle spenders, and those who value both protection and premium perks in a single, no-annual-fee card.

Expert Review

Our Verdict

Lifetime-free Visa card with 1.5x rewards, travel insurance, fuel waiver & fraud protection.

Frequently Asked QuestionsAbout Platinum Visa Credit Card

OTHERWhat is the IndusInd Bank Platinum Visa Credit Card?
The IndusInd Bank Platinum Visa Credit Card is a lifetime-free instant credit card that offers a comprehensive range of travel, lifestyle, and golf benefits to suit your preferences. It allows you to earn reward points faster on your everyday spending and helps you redeem them conveniently through multiple options including air miles, cash credit, and the IndusMoments portal.
BENEFITSWhat are the key benefits of the IndusInd Bank Platinum Visa Credit Card?
The key benefits of the IndusInd Bank Platinum Visa Credit Card include: 1.5 reward points for every Rs. 150 spent, a 1% fuel surcharge waiver at all petrol pumps in India, complimentary personal air accident insurance cover of up to Rs. 25 lakhs, comprehensive travel insurance coverage, Total Protect fraud cover up to your credit limit, and welcome gifts from premium brands like Montblanc and The Postcard Hotel.
APPLICATIONHow can I apply for the Platinum Visa Credit Card?
You can apply for the IndusInd Bank Platinum Visa Credit Card online on the IndusInd Bank website in 3 easy steps: First, input your basic details. Second, the bank will fetch the best offer based on your details. Third, sign the application digitally and complete instant V-KYC verification. The process is completely digital and offers instant approval.
USAGEHow do I redeem reward points earned on the Platinum Visa Credit Card?
To redeem your reward points from the Platinum Visa Credit Card, visit www.indusmoments.com and place a redemption request of your choice. You can also redeem points against airline miles (KrisFlyer), or as cash credit to settle your outstanding credit card bill dues. Please note that from 1st March 2024, non-cash redemptions (excluding airmiles) are valued at 1 RP = Rs. 0.60, and cash redemptions at 1 RP = Rs. 0.40.
FEESWhat are the joining and annual fees for the Platinum Visa Credit Card?
The IndusInd Bank Platinum Visa Credit Card is a lifetime-free credit card, meaning there are no joining fees or annual fees applicable. You can enjoy all the card's benefits and rewards without worrying about any membership charges throughout the lifetime of the card.
REWARDSHow many reward points do I earn on the Platinum Visa Credit Card?
You earn 1.5 reward points for every Rs. 150 spent on your IndusInd Bank Platinum Visa Credit Card. Please note that effective from 1st April 2018, fuel transactions do not accrue reward points. Additionally, from 1st August 2019, the rewards program has been revised for select merchant categories. Points can be redeemed via IndusMoments, KrisFlyer air miles, or as cash credit.
REWARDSWhat is the value of reward points for cash redemption?
From 1st March 2024, the value of cash redemption is 1 Reward Point = Rs. 0.40. Cash redemptions can be used to settle your outstanding credit card bill dues. Please note that effective 1st September 2024, the maximum reward points allowed for cash redemption is capped at 2,500 points per calendar month. For non-cash redemptions (excluding airmiles), 1 RP = Rs. 0.60.
BENEFITSWhat travel insurance benefits are available with the Platinum Visa Credit Card?
The IndusInd Bank Platinum Visa Credit Card offers comprehensive travel insurance in partnership with The Oriental Insurance Company Ltd. Coverage includes: Lost baggage up to Rs. 1,00,000; Delayed baggage up to Rs. 25,000; Loss of passport up to Rs. 50,000; Lost ticket up to Rs. 25,000; and Missed connection up to Rs. 25,000. A complimentary personal air accident insurance cover of up to Rs. 25 lakhs is also included.
BENEFITSWhat is the Total Protect feature on the Platinum Visa Credit Card?
Total Protect is a first-of-its-kind fraud protection program that covers you for a sum up to your credit limit in case of unauthorised card usage. It covers unauthorised transactions in the event of loss or theft of your card, including 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 used to produce counterfeit plastic. The cover is available on add-on cards as well.
BENEFITSDoes the Platinum Visa Credit Card offer a fuel surcharge waiver?
Yes, the IndusInd Bank Platinum Visa Credit Card offers a 1% fuel surcharge waiver at all petrol pumps across India. For example, if your monthly fuel usage is Rs. 2,000, you can save Rs. 20 per month, which amounts to Rs. 240 annually. Please note that while you enjoy the surcharge waiver, fuel transactions do not accrue reward points effective from 1st April 2018.
BENEFITSWhat welcome gifts are available with the Platinum Visa Credit Card?
The Platinum Visa Credit Card offers welcome gifts from premium brands, applicable on select fee plans. Options include Montblanc (a luxury brand offering watches, writing instruments, jewellery, leather goods, and eyewear), a stay experience at The Postcard Hotel (luxury hotels across India), and discount vouchers via Vouchagram from brands like Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, Ola, and more. Please note welcome gifts apply only to select fee plans.
REWARDSAre there any discontinued offers or programs on the Platinum Visa Credit Card?
Yes, a few programs have been discontinued over time: The BookMyShow offer was discontinued effective 1st October 2022. Club Vistara Airmiles redemption on IndusMoments was discontinued effective 31st October 2024. InterMiles redemption was discontinued effective 21st January 2025. Currently available redemption options include IndusMoments, KrisFlyer air miles, Pay with Rewards, and cash credit.
INTERNATIONALCan I use the Platinum Visa Credit Card for international transactions?
Yes, the IndusInd Bank Platinum Visa Credit Card is a Visa network card, which means it is accepted globally at millions of merchants and ATMs worldwide. The card also comes with comprehensive travel insurance coverage, making it suitable for international travel. For specific details on foreign exchange markup fees applicable on international transactions, please contact IndusInd Bank customer service at 18602677777.
DOCUMENTSWhat documents are required to apply for the Platinum Visa Credit Card?
While the page does not list specific documents, the application process for the IndusInd Bank Platinum Visa Credit Card is completely digital and involves instant V-KYC. Typically, you would need identity proof (such as Aadhaar or PAN card), address proof, and income proof. The bank fetches the best offer based on your submitted details and completes verification digitally, making the process quick and paperless.
CANCELLATIONHow can I cancel or close my Platinum Visa Credit Card?
To cancel or close your IndusInd Bank Platinum Visa Credit Card, you can contact IndusInd Bank's customer care at 18602677777 or visit the nearest IndusInd Bank branch. You may also log a complaint or request through the bank's official website under the 'Contact Us' or 'Complaint Redressal' section. It is advisable to redeem any outstanding reward points before initiating the cancellation process.

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