This is IndusInd Bank's RuPay credit card built around UPI. Link it to apps such as BHIM, PhonePe, Paytm or Google Pay and scan and pay at merchant QR codes, earning 2 reward points per Rs 100 on UPI spends and 1 reward point per Rs 100 on non UPI spends, with an additional Rs 0.70 per Rs 100 value stated for select merchant categories. It also carries a 1% fuel surcharge waiver and travel insurance cover of Rs 2.25 lakh in total, including lost baggage up to Rs 1,00,000, loss of passport up to Rs 50,000 and delayed baggage, lost ticket and missed connection up to Rs 25,000 each.
The annual fee is NIL in the bank's MITC, which is why the bank calls it lifetime free, but read the joining fee line carefully. The same MITC lists a one time joining fee of Rs 10,000 for this card and notes that actual fees will be conveyed at the time of application. There is no complimentary lounge access and foreign currency transactions attract a 3.5% markup, so the card works best as a domestic UPI spending card rather than a travel card.
Annual Fee (+ 18% GST)₹0 (Lifetime Free)
Fee WaiverNo annual fee to waive. The MITC lists the annual fee as NIL.
Joining PerkNo welcome gift is published on the official card page. The MITC lists a one time joining fee of Rs 10,000 with no annual fee, and says actual fees will be conveyed at the time of application, so confirm the joining fee on your offer before accepting.
Primary Reward2 reward points per Rs 100 spent via UPI and 1 reward point per Rs 100 on non UPI spends. Fuel transactions do not earn reward points.
Airport Lounge AccessNo complimentary airport lounge access is listed for this card. The MITC states that Priority Pass is not available on the Platinum RuPay Credit Card.
Forex Markup3.5% plus GST on foreign currency transactions, stated on the official card page and in the MITC for cards not otherwise specified.
RuPay UPIYes — RuPay UPI enabled
Best ForUPI first spenders who are offered this card with a low or waived joining fee and who want RuPay credit on UPI with no annual fee to maintain.
What We Like
No annual fee in the MITC, so there is no yearly fee to recover once the card is issued
2 reward points per Rs 100 on UPI spends, double the rate on non UPI spends, on a card that links to major UPI apps
1% fuel surcharge waiver at petrol pumps in India
Travel insurance cover including lost baggage up to Rs 1,00,000 and loss of passport up to Rs 50,000, plus Total Protect cover against unauthorised transactions as described in bank articles
Watch Out
MITC lists a one time joining fee of Rs 10,000, which is high for an entry level RuPay card, so check the fee conveyed on your application offer
No complimentary airport lounge access and Priority Pass is not available on this card as per the MITC
Foreign currency markup of 3.5% plus GST makes it costly for international spends, and fuel spends earn no reward points
MITC & Hidden Charges
MITC Premium document opened on the IndusInd Bank site lists Platinum RuPay Credit Card with joining fee Rs 10,000, annual fee NIL and add on card fee NIL. Interest charges for Platinum RuPay are 3.95% per month (47.40% per year). Cash advance fee is 2.5% of the advance amount, minimum Rs 300. Foreign currency markup is 3.5% plus GST for cards not otherwise specified. Reward redemption fee is Rs 149 for cash redemption and Rs 100 for other categories with effect from 1 April 2025. Fuel surcharge waiver is 1%. Effective cashback rates in this listing use the non cash redemption value of 1 reward point equals Rs 0.60 published on IndusInd Bank Platinum card pages, so 2 points per Rs 100 on UPI equals about 1.2% and 1 point per Rs 100 equals about 0.6%. Fuel earns no reward points, so the fuel rate is shown as 0 despite the surcharge waiver.
What is the annual fee of the IndusInd Bank Platinum RuPay Credit Card?
The annual fee is NIL in the IndusInd Bank MITC. The official card page also says there is no annual fee and only a one time joining fee applies.
What joining fee does the MITC list for this card?
The MITC lists a joining fee of Rs 10,000, with a note that actual fees will be conveyed at the time of application. Confirm the joining fee on your specific offer before you accept the card.
How many reward points do I earn on UPI spends?
You earn 2 reward points per Rs 100 spent via UPI and 1 reward point per Rs 100 on non UPI spends, as stated on the official card page. Fuel transactions do not earn reward points.
Alternatives to Consider
IndusInd Bank Legend Credit Card
IndusInd Bank
No annual fee, double points on weekends
80/100✓ MITC verified
Annual Fee₹0 LTF
Reward1 Reward Point per ₹100 on weekday spends and 2 Reward Points per ₹100 on weekend spends
LoungeNo complimentary lounge visits stated. Priority Pass membership is available on request on Legend with lounge usage fees up to US$35 per person per visit as per the official MITC
The dependable Lifetime Free starter card with non-expiring reward points.
80/100✓ MITC verified
Annual Fee₹0 LTF
Reward10X reward points on dining, travel, international and birthday spends (1.25% return: 10 points per ₹200 at ₹0.25 per point), 3X on other eligible spends
LoungeNo airport lounge access. 4 complimentary railway lounge visits per quarter, on ₹20,000 spends in the previous calendar month