IndusInd BankRuPay Network

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4.6/5 Editorial Score

IndusInd Bank Platinum RuPay Credit Card

Lifetime Free Credit-on-UPI — 2X Rewards on Merchant UPI Payments & Zero Annual Fees

Best Suited For

Everyday digital spenders, mobile UPI users, and budget-conscious individuals seeking a cost-free credit card for daily QR code merchant payments.

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Joining Fee

Free

One-time upfront

Annual Fee

Free

Lifetime Free — no renewal fee

Base Rewards

2 RPs for Every Rs 100 Spent on UPI. 1 RP for Each Rs 100 Non-UPI Transaction

On eligible spends

Forex Markup

3.50% + GST

Cross-currency spends

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Last verified 17 Sept 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.6/5 Editorial Score

The IndusInd Bank Platinum RuPay Credit Card is a versatile, 100% **Lifetime Free (LTF / ₹0 fee)** credit card engineered to provide seamless integration with India's unified payments infrastructure. With **zero joining fee and zero annual renewal fee**, cardholders can activate and hold this card indefinitely without worrying about recurring billing charges or restrictive annual spend waivers. Minted on the RuPay network, the card links directly to major UPI applications including Google Pay, PhonePe, Paytm, and BHIM. On transactions, cardholders earn **2 Reward Points per ₹100 spent on all merchant UPI QR code scans** (where 1 point = ₹0.35 against cash statement credit, yielding a clean 0.70% value back on everyday groceries, street shopping, and pharmacy runs). On all other non-UPI retail purchases, the card earns 1 Reward Point per ₹100 spent. Safety and peace of mind are reinforced by a **complimentary personal accident insurance cover of up to ₹12 Lakhs**, alongside a 1% fuel surcharge waiver across all fuel stations in India. For consumers seeking a zero-maintenance, reliable secondary card dedicated entirely to everyday mobile QR code payments, the IndusInd Platinum RuPay Credit Card is an outstanding choice.

Ideal For:Everyday digital spenders, mobile UPI users, and budget-conscious individuals seeking a cost-free credit card for daily QR code merchant payments.

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Card Strengths

100% Lifetime Free (₹0 joining and annual fee) with zero recurring maintenance charges
2 Reward Points per ₹100 on all daily merchant UPI QR code payments
Seamless integration with Google Pay, PhonePe, and Paytm UPI handles
Complimentary personal accident insurance cover of up to ₹12 Lakhs
1% fuel surcharge waiver across all fuel stations in India

Things to Keep in Mind

No complimentary domestic or international airport lounge access included
Base reward rate of 0.70% on UPI is modest compared to 1.5% on Tata Neu Infinity
Peer-to-peer (P2P) transfers and bank transfers on UPI earn zero rewards
Standard foreign currency markup of 3.50% applies on international transactions

Additional Cardholder Privileges

Rewards

2 RPs for Every Rs 100 Spent on UPI. 1 RP for Each Rs 100 Non-UPI Transaction

Welcome

Welcome Benefit 1

N/A

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: Platinum RuPay Rewards
Reward Currency: Reward Points
Base Earn Rate: 2 RPs for Every Rs 100 Spent on UPI. 1 RP for Each Rs 100 Non-UPI Transaction
Point Value (INR): ₹0.2500 per point
Redemption Channels: Refer to bank rewards portal
Reward Point Expiry: Refer to bank rewards program terms

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
UPI Transactions	2 Reward Points per Rs 100 on UPI merchant transactions (0.50% value return)	No Cap	Standard terms apply
General Retail Spends	1 Reward Point per Rs 100 on general retail spends (0.25% value return)	No Cap	Standard terms apply

Explore top credit cards and rewards across top verified merchant brands.Browse Merchant Hubs

Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

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Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

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Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

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Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

UPI Transactions2.00%

No published cap

₹

General Retail Spends1.00%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
UPI Transactions	₹12,000	2 Reward Points per Rs 100 on UPI merchant transactions (0.50% value return)	—	None	Calculating...	Under cap
General Retail Spends	₹18,000	1 Reward Point per Rs 100 on general retail spends (0.25% value return)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

₹0

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds (fee waived).

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Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

No Airport Lounge Access Included

This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): Free
Annual / Renewal Fee (2nd Year Onwards): Free
Annual Spend Fee Waiver: Lifetime Free — no renewal fee
Fee Terms Notes: Lifetime Free (₹0 joining fee and ₹0 annual fee) with zero recurring maintenance charges.

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): Refer to official schedule of charges
Annualized Interest Rate (APR): Refer to official schedule of charges
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Refer to official schedule of charges

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

• Joining Fee: ₹0 (Lifetime Free / Nil joining fee under standard digital applications). • Annual Renewal Fee: ₹0 (Lifetime Free; zero recurring maintenance charges). • RuPay UPI Integration: Linkable to Google Pay, PhonePe, Paytm, and BHIM for seamless merchant QR code payments. • UPI Spends Rewards: 2 Reward Points per ₹100 spent on merchant UPI transactions (approx 0.70% value back). • Retail Spends Rewards: 1 Reward Point per ₹100 spent on non-UPI retail purchases (approx 0.35% value back). • Cash Conversion Value: 1 Reward Point = ₹0.35 when redeemed against statement cash balance. • Insurance Protection: Complimentary personal accidental insurance cover of up to ₹12 Lakhs. • Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000 across all fuel stations in India. • Airport Lounge Access: None (complimentary domestic or international airport lounge visits not included). • Foreign Currency Markup: 3.50% + GST on foreign exchange transactions.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.

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Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Eligibility criteria not specified

Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding IndusInd Bank Platinum RuPay Credit Card application, fees, reward redemption, and eligibility

Is the IndusInd Platinum RuPay card really free for life?

Yes. The card carries zero joining fee and zero annual renewal fee for life under standard digital application channels. There are no annual spending hurdles required to keep it free.

How do I link this card to PhonePe or Google Pay?

Open your UPI app, navigate to 'Add RuPay Credit Card', select IndusInd Bank, and verify via OTP. Enter your card expiry date and CVV to set your secure UPI PIN for merchant QR transactions.

Can I redeem IndusInd reward points for direct cash statement credit?

Yes. Reward points earned on the IndusInd Platinum RuPay card can be redeemed at a value of ₹0.35 per point directly against your credit card statement balance through IndusInd NetBanking.

Are all UPI payments eligible for 2X reward points?

All merchant UPI payments (scanning QR codes at shops, supermarkets, restaurants, and medical stores) earn 2 Reward Points per ₹100. Personal peer-to-peer money transfers do not earn rewards.

What is the joining and annual renewal fee for IndusInd Bank Platinum RuPay Credit Card?

The joining fee for IndusInd Bank Platinum RuPay Credit Card is Free (one-time), and the annual renewal fee is Free from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on IndusInd Bank Platinum RuPay Credit Card be waived?

IndusInd Bank Platinum RuPay Credit Card is a Lifetime Free credit card with no annual renewal fee, so no spend-based waiver is required.

What are the primary rewards and cashback earn rates on IndusInd Bank Platinum RuPay Credit Card?

IndusInd Bank Platinum RuPay Credit Card offers 2 RPs for Every Rs 100 Spent on UPI. 1 RP for Each Rs 100 Non-UPI Transaction. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does IndusInd Bank Platinum RuPay Credit Card offer complimentary airport lounge access?

No, IndusInd Bank Platinum RuPay Credit Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.