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IndusInd Bank Platinum RuPay Credit Card
A lifetime-free RuPay card that earns double points on UPI transactions specifically — a rare everyday-UPI rewards angle among lifetime-free cards — though the bank's own fee messaging has flip-flopped between zero and a one-time joining charge, so confirm before applying.
Annual fee
₹0
Joining fee
₹10,000
Reward type
points
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in utilities. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
- Insurance benefits: Travel insurance worth ₹2.25 lakh (lost baggage up to ₹1 lakh, lost passport up to ₹50,000, delayed baggage/lost ticket/missed connection up to ₹25,000 each); Total Protect fraud cover
Benefits by category
- 🛡️ Insurance
Travel insurance and Total Protect fraud cover for unauthorized transactions, loss and theft
- 🧾 Utilities
2% reward rate
- ⛽ Fuel
1% fuel surcharge waiver on transactions ₹400–₹4,000
- 🌍 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 on transactions between ₹400-₹4,000
Benefits
- 1% fuel surcharge waiver on transactions ₹400–₹4,000
- Travel insurance and Total Protect fraud cover for unauthorized transactions, loss and theft
- UPI-enabled RuPay card — 2 points/₹100 on UPI transactions vs. 1 point/₹100 on card swipes
Pros
- + No annual fee, ever
- + Earns rewards on UPI-via-credit-card spends, not just card swipes
- + Fuel surcharge waiver and fraud protection included
Cons
- − Joining-fee messaging has been inconsistent across the bank's own materials — verify at application
- − Reward point redemption value is modest
- − No lounge or travel benefits