All cards / IndusInd Bank
IndusInd Bank Duo Card
A genuinely unusual product: one physical card housing both a debit and a credit chip, switchable per transaction — a convenience play rather than a rewards play, with a modest one-time joining fee and no annual fee.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.67%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.67% base rate
- International lounge access: Complimentary Priority Pass membership; 8 international lounge visits/year with usage charge waived under the Travel Plus programme (domestic lounge usage charges not waived)
- Insurance benefits: Personal air accident cover up to ₹25 lakh; travel insurance covering lost baggage (₹1 lakh), delayed baggage/lost ticket (₹25,000 each) and lost passport (₹50,000)
Benefits by category
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations across India
Benefits
- India's first debit-cum-credit card — two EMV chips and two magnetic stripes let one card switch between debit and credit modes
Pros
- + No annual fee — only a small one-time joining fee
- + One card replaces carrying separate debit and credit cards
- + Simple, low reward rate but no complexity in earning it
Cons
- − Reward rate is low against dedicated cashback/points cards
- − No bonus categories
- − Domestic lounge usage charges are not waived, unlike international visits