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IndusInd Platinum RuPay Credit Card: Fees, Rewards & Benefits

Rewards card

Vyaya Team · Aug 2026
5 min read
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Value Score
8.0 / 10
Annual Fee
₹0
Best For
UPI-first spender, No-fee insurance seeker
Network
RuPay
Expert Verdict

The IndusInd Platinum RuPay is a lifetime-free UPI-enabled card that earns 2X on merchant UPI payments and bundles surprisingly strong free travel insurance and fraud cover. Its low 0.35/point value and complete lack of lounge access keep returns and perks modest.

INDUSIND BANKRuPay
IndusInd Platinum RuPay
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REWARD SUMMARY
0.7% Base Rewards
Rewards card
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The Bottom Line

The IndusInd Platinum RuPay is built for upi-first spender and no-fee insurance seeker. With no annual fee, it offers 0.7% rewards on other and personal air accident cover. It makes the most sense if your spending matches upi-first spender and no-fee insurance seeker.

It earns a base reward rate of 0.7% and stacks best when your spending lines up with UPI-first spender, No-fee insurance seeker.

What we like
+Lifetime-free card (zero joining and annual fee) with UPI linkage for QR/merchant payments
+Earns 2 RP per Rs.100 on UPI/merchant spends (~0.7% at 0.35/point) versus 1 RP per Rs.100 base
+Comprehensive free travel insurance including Rs.25 lakh air accident, Rs.1 lakh checked-baggage and Rs.50,000 passport-loss cover
+Total Protect fraud liability cover up to the credit limit, also on add-on cards
+1% fuel surcharge waiver on transactions between Rs.400 and Rs.4,000
What we don't
Low 0.35/point value, capping even the 2X UPI rate at ~0.7% effective
No airport lounge access (0 domestic, 0 international)
High 3.5% forex markup, though UPI is India-only so overseas use is limited anyway
No milestones or bonus rewards structure

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal
+
UPI-first spender

Users who pay merchants via UPI and want a free RuPay card earning 2X on those spends with strong insurance.

+
No-fee insurance seeker

Those wanting a lifetime-free card with Rs.25 lakh air accident cover and Total Protect fraud protection.

Probably not for

Skip
Lounge or travel-perk seeker

Zero lounge access and a high forex markup make it unsuitable for frequent or international travellers.

Rewards maximiser

The 0.35/point value keeps even the 2X UPI rate below 1% effective return.

Is It Worth It For You?

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Calculate Your Value

Adjust your typical monthly spend by category.

Dining
05,000Max ₹50k
Est. Returns
Travel
010,000Max ₹1L
Est. Returns
Online & Shopping
08,000Max ₹80k
Est. Returns
Groceries
06,000Max ₹40k
Est. Returns
Annual rewards0
Annual feeFREE
Net Value (Year 1)+0
Net Value (Year 2+)+0

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Reward Rates

IndusInd Platinum RuPay offers 0.7% basic reward rate.

Quick Calculator

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Other
0.7%

Welcome Offer

Welcome Benefit

Fees & Charges

Joining fee₹0
Annual fee₹0
Fee waiverN/A

Eligibility

  • Min Income: ₹6 Lakhs
  • Min Credit Score: 700
  • Age 18-65, min monthly income Rs 20,000 (salaried) / Rs 6 lakh annual ITR (self-employed); CIBIL 700+; lifetime-free RuPay card.

Exclusions & Terms

Forex markup

  • Foreign currency markup

Cash Withdrawal / Cash Advance

  • Cash withdrawal at merchants and ATM is a restricted transaction on credit card via UPI and does not earn reward points.

Peer-to-peer (P2P) / Money transfer via UPI

  • Restricted transaction type on credit card via UPI; only merchant payments are permitted. P2P payments are not allowed.

Frequently Asked Questions

2 data-backed answers from our card database

What is the annual fee of the IndusInd Platinum RuPay?+

The IndusInd Platinum RuPay has no annual fee (lifetime free).

What rewards does the IndusInd Platinum RuPay offer?+

It earns Reward Points, with accelerated earning on Rewards.

Ready to apply?

No annual fee. Apply on the IndusInd Bank website.

Apply on IndusInd Bank

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