MyFinCards
Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

Joining Fee

₹1,000

Annual Fee

Rs. 1000 + Taxes

IndusInd Bank
Rewards
Shopping
Lifestyle
Best For: E-commerce shoppers, UPI payment users, Movie lovers, Those seeking RuPay network benefits

Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

Rewards Structure

Base Reward Rate

1% on spends

Point Value

1 Point = ₹0.25

Points Validity

24 Months

Pros

  • 2.5 reward points per ₹100 on e-commerce transactions
  • UPI payments supported via RuPay credit card
  • Buy one get one free movie ticket monthly on BookMyShow
  • Milestone bonus of 3,000 points on ₹4,00,000 annual spend
  • 1% fuel surcharge waiver
  • Total Protect insurance coverage
  • RuPay lounge access at DEL T3

Cons

  • No reward points on fuel transactions
  • Reduced reward rate (0.5 points per ₹100) on select merchant categories like utility bills, insurance, government services, education, rent
  • Movie ticket free benefit capped at ₹200
  • Partnership with Poonawalla Fincorp concluding - card to be upgraded to Platinum RuPay Credit Card effective 5th October 2025

Hidden Catches (Transparency Policy)

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

Select merchant categories (utility, insurance, government, education, rent) earn only 0.5 points per ₹100

Fuel transactions earn no reward points

Fuel surcharge waiver only applicable for transactions between ₹400 and ₹4,000

Reward points validity is 24 months from points credit date

Card will be upgraded to IndusInd Bank Platinum RuPay Credit Card from 5th October 2025

Key Benefits & Features

Credit card enabled on UPI - link RuPay credit card on BHIM, PhonePe, Paytm, Google Pay

Notable Exclusions

No reward points on fuel transactionsReduced reward rate on select merchant categories

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

Official Terms & Conditions

About Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card is a lifetime-free co-branded card designed for everyday digital spenders, particularly those who frequently shop online and make UPI payments. Issued by IndusInd Bank in partnership with Poonawalla Fincorp, the card operates on the RuPay network, allowing cardholders to link it directly to UPI apps such as Google Pay, PhonePe, and Paytm for seamless credit-based UPI transactions. The card rewards e-commerce enthusiasts with 2.5 reward points for every ₹100 spent on online shopping, while UPI and point-of-sale transactions earn 1 reward point per ₹100. Points can be redeemed through IndusMoments, KrisFlyer airline miles, cash credit, or the Pay with Rewards option. Entertainment lovers benefit from a buy-one-get-one-free movie ticket offer on BookMyShow each month, with the complimentary ticket capped at ₹200. Annual spenders who cross ₹4,00,000 earn an additional 3,000 bonus reward points as a milestone benefit. Further value comes from a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at fuel stations across India, RuPay-exclusive airport lounge access at Delhi T3, and Total Protect insurance coverage for unauthorized transactions. The card's estimated annual savings amount to approximately ₹3,864, making it a practical choice for digitally active consumers.

Expert Review

Our Verdict

RuPay card with 2.5X rewards on e-commerce, BOGO movie tickets & UPI payments support.

Frequently Asked QuestionsAbout Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

REWARDSHow many reward points do I earn on e-commerce transactions with the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
You earn 2.5 reward points for every ₹100 spent on e-commerce transactions. For UPI and Point-of-Sale transactions, you earn 1 reward point per ₹100. However, select merchant categories such as utility bill payments, insurance premiums, government services, education fees, and rent earn a reduced rate of 0.5 reward points per ₹100. Note that fuel transactions do not earn any reward points under this card.
BENEFITSWhat is the movie ticket offer available on the eLITE RuPay Credit Card?
As a cardholder, you can enjoy a 'Buy One Get One Free' movie ticket offer every month through BookMyShow. You get one free movie ticket per month, and the offer is valid on all theatres registered with BookMyShow across all major cities. The price of the free ticket is capped at ₹200. If the ticket price exceeds ₹200, you will receive a ₹200 discount and must pay the remaining amount using your Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card.
REWARDSWhat is the milestone benefit on the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
You can earn 3,000 bonus reward points when you spend ₹4,00,000 or more within one year from the date of issuance of your credit card. This is a one-time annual milestone benefit designed to reward high spenders. For detailed terms and conditions on this benefit, you can refer to the official card page on the IndusInd Bank website.
BENEFITSHow does the fuel surcharge waiver work on this card?
The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card offers a 1% fuel surcharge waiver across all fuel stations in India. This waiver is applicable only for fuel transactions between ₹400 and ₹4,000. Transactions outside this range will not be eligible for the surcharge waiver. Additionally, fuel transactions do not earn any reward points under this card.
USAGEHow can I link my eLITE RuPay Credit Card to UPI for payments?
To link your card to UPI, open a UPI app (BHIM, PhonePe, Paytm, or Google Pay), select 'Add Credit Card/Link Credit Card', choose IndusInd Bank as the card issuer, and select your Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card. Then generate your UPI PIN by entering the last 6 digits of your card and the expiry date. An OTP will be sent to your registered mobile number. Enter the OTP and set a PIN of your choice to complete the setup.
BENEFITSWhat is the 'Total Protect' insurance benefit on the eLITE RuPay Credit Card?
Total Protect is an insurance programme that covers you for an amount equal to your credit limit on the card, including add-on cards. It provides coverage for two key scenarios: unauthorised transactions in case of loss or theft of your card, covering incidents up to 48 hours prior to reporting the loss; and counterfeit fraud, where your card or card details are stolen and misused to produce counterfeit cards. This programme is designed to make cashless transactions safer and more secure.
USAGEWhat are the reward points redemption options available?
You can redeem your reward points through multiple options including IndusMoments (IndusInd Bank's rewards portal), Airline miles on KrisFlyer, Cash Credit to your account, and Pay with Rewards for direct purchases. Please note that Reward Points redemption towards InterMiles has been discontinued effective 21st January 2025. Reward points are valid for 24 months from the date of credit. For detailed terms and conditions on each redemption option, visit the IndusInd Bank credit card rewards page.
BENEFITSIs there a lounge access benefit with the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
Yes, the card offers RuPay Exclusive Lounge Access at the Delhi Indira Gandhi International Airport T3 (DEL T3) Terminal. As a RuPay credit cardholder, you can avail this lounge access benefit subject to the access policy and terms and conditions applicable. For the complete lounge access policy and eligibility details, refer to the terms and conditions available on the IndusInd Bank website.
OTHERWhat is happening to the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card after October 2025?
IndusInd Bank's partnership with Poonawalla Fincorp is concluding. As a result, the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card will be upgraded to the IndusInd Bank Platinum RuPay Credit Card effective 5th October 2025. Detailed communication regarding this upgrade will be sent to cardholders. For any queries, you can reach IndusInd Bank at 1860 267 7777 or email priority.care@indusind.com.
FEESWhat are the joining and annual fees for the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card is a lifetime-free credit card, meaning there are no joining fees or annual fees charged to the cardholder. This makes it a cost-effective option for customers looking to earn rewards on e-commerce, UPI, and point-of-sale transactions without incurring any card membership charges.
REWARDSWhat are the reward points earning rates across different transaction types?
The reward points earning structure is as follows: E-commerce transactions earn 2.5 points per ₹100; UPI and Point-of-Sale transactions earn 1 point per ₹100; Travel and Airline transactions earn 1 point per ₹100; and select merchant categories (utility bills, insurance premiums, government services, education fees, and rent) earn 0.5 points per ₹100. Fuel transactions do not earn any reward points. Reward points are valid for 24 months from the date of credit.
REWARDSWhat is the estimated annual savings with the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
Based on estimated usage assumptions provided by IndusInd Bank, the total annual savings are approximately ₹3,864. This includes: ₹720 from reward points on e-commerce spends of ₹6,000/month, ₹144 from UPI transaction rewards on ₹3,000/month spends, ₹240 from POS reward points on ₹5,000/month spends, ₹2,400 from one complimentary BookMyShow movie ticket per month (valued at ₹200 each), and ₹360 from the 1% fuel surcharge waiver on monthly fuel usage of ₹3,000.
INTERNATIONALIs there a forex markup fee for international transactions on this card?
The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card does not have a prominently published foreign currency markup fee on the card page. However, as this is primarily a domestic RuPay credit card focused on e-commerce and UPI transactions within India, it is advisable to contact IndusInd Bank directly at 1860 267 7777 or visit the official website for specific information about international transaction charges before using the card abroad.
APPLICATIONHow do I apply for the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
You can apply for the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card online through the IndusInd Bank official website by clicking the 'Apply for Credit Card' option. The bank offers a 100% digital process with instant approval. However, please note that effective 5th October 2025, this card will be upgraded to the IndusInd Bank Platinum RuPay Credit Card due to the conclusion of the partnership with Poonawalla Fincorp. New applicants may be directed to apply for the Platinum RuPay Credit Card instead.
USAGEHow can I make UPI payments using my eLITE RuPay Credit Card?
Once your RuPay Credit Card is linked to a UPI app, making payments is simple. Scan the merchant QR code or enter the merchant's UPI ID, enter the amount to be paid or confirm the auto-fetched amount, select your RuPay Credit Card from the list of payment options, enter your Credit Card UPI PIN, and click Confirm. You can check the transaction status in the Transaction History section of your UPI app. This feature is supported on BHIM, PhonePe, Paytm, and Google Pay.

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