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Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card
A lifetime-free RuPay card co-branded between NBFC Poonawalla Fincorp and IndusInd Bank following RBI's 2023 co-brand approval, positioned as an entry-level everyday-spend card with UPI interoperability rather than a premium travel or lifestyle product.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 650+ whose spend is concentrated in online shopping, fuel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
2.5% reward rate
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all fuel stations.
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 650
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–60
Fees & charges
- Foreign currency markup: 3.5%
- Interest rate: 3.5% p.a.
Benefits
- 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at all fuel stations.
- Movie ticket offers and UPI-linked payments via RuPay.
Pros
- + Genuinely lifetime free, no annual charge
- + UPI-linked via RuPay network
- + Accessible income/credit-score bar
Cons
- − No lounge access or premium travel perks
- − Reward rate modest outside e-commerce category
Best for