IndusInd Bank Platinum RuPay Credit Card
IndusInd Bank
Official page calls it 'Lifetime Free' but two aggregators independently cite a ~₹10,000 joining fee — verify which fee actually applies before recommending confidently.
₹10,000
Joining fee
Free
Annual fee
3.5%
Forex markup
3.5 / 5
Rating
Eligibility
Estimated minimum income: ₹25,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Age: 21–65
Salaried or self-employed
Sources disagree: Official promotional banner calls the card 'Lifetime Free'; two aggregators independently state a ~₹10,000-11,800 joining fee, possibly meaning only the annual/renewal fee is free.
Lounge access
0 domestic / 0 international visits per year
Not offered — multiple sources checked found no lounge benefit at all.
Key features
- 2 pts/₹100 on UPI, 1 pt/₹100 non-UPI
- 1% fuel surcharge waiver
- UPI earning capped at ₹1L/day
Reward details
1 reward point per ₹100 (non-UPI)
- 2 points per ₹100 on UPI transactions — ₹1 lakh/day
Redemption
Cash redemption capped at 2,500 points/month, max 50% of balance, ₹149+GST fee.
Ratio: ₹0.35-0.60/point depending on redemption channel (aggregator-sourced, figures conflict slightly)
Excluded from rewards: fuel (0 points despite the surcharge waiver), peer-to-peer transfers, rent, wallet loads
- Surcharge waivers on fuel/transport/utility beyond free thresholds each attract a 1%+GST fee.
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Complaints
- 13 tracked changes since 2023 including 12 devaluations and a recent fee hike — CardAdvisor
- Needs ~₹14 lakh spend to recoup the ₹10,000 joining fee — CardAdvisor
Sources
- Official — promotional 'Lifetime Free' framing only
- Aggregator — fees, rewards
- Aggregator — fees, eligibility, rewards, sentiment