UPI rewards
IndusInd Platinum RuPay Credit Card
A RuPay card for UPI: 2 points per ₹100 on UPI QR payments and 1 on card spends. IndusInd’s terms list a one-time joining fee, so check before you apply.
Joining fee₹10,000 + GST one-time (per bank terms)
Annual feeNil
Fee waiverNot stated
Top reward2 points per ₹100 on UPI
LoungeNone
Forex markup3.5%
Best for: Heavy UPI users, only if the bank confirms a free or low joining fee when you apply.
Rewards and cashback
| Where you spend | You earn | Limit |
|---|---|---|
| UPI QR payments | 2 points per ₹100 (about 0.7%) | – |
| Card spends | 1 point per ₹100 | – |
| Education, government, insurance, utilities | 0.7 point per ₹100 | – |
| Fuel, person-to-person UPI, UPI standing instructions | Nothing | – |
- 1 point = ₹0.35 as cash credit (up to 2,500 points a month).
- Points only on spends up to your credit limit each cycle.
Benefits
Welcome benefit
- No welcome benefit listed.
Milestones
- None.
Travel and lounges
- No lounge access.
Fuel and forex
- Forex markup 3.5%.
- 1% fuel surcharge waiver on ₹400 to ₹4,000.
Other perks
- Works on Google Pay, PhonePe, Paytm and BHIM
- Fraud cover and travel insurance
Fees and charges
| Joining fee | ₹10,000 + GST one-time, as per IndusInd’s MITC (its website has also said lifetime free) |
|---|---|
| Annual fee | Nil |
| Forex markup | 3.5% |
| Redemption fee | ₹149 + GST for cash |
GST at 18% applies on fees. Banks change charges from time to time; the bank’s own terms are final.
Who can apply
- Salaried or self-employed
You will usually need PAN, Aadhaar or address proof, and income proof (salary slips or ITR). A credit score of 750 or more improves your chances.
Pros and cons
What we like
- Rewards on UPI QR payments
- No annual fee
Watch out for
- Large one-time joining fee in the bank terms
- Low reward value
- Monthly redemption limits
Recent changes
- 31 Jul 2026IndusInd removed “zero joining fee” wording; its MITC lists a ₹10,000 joining fee.
- 15 Jun 2026New fees on high fuel and transport spends.
Frequently asked questions
Is IndusInd Platinum RuPay free?
Not clearly. Its official terms list a ₹10,000 + GST one-time joining fee, though some IndusInd pages have said lifetime free. Confirm with the bank before applying.
Ready to apply for the IndusInd Platinum RuPay Credit Card?Applying takes about 10 minutes online. Approval depends on the bank.
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Sources: CardAdvisor. Details checked on 23 Oct 2026. For information only, not financial advice; always read the bank’s most important terms (MITC) before applying.