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IndusInd Bank Platinum Credit Card

IndusInd Bank Platinum Credit Card is a rewards-focused card with zero first-year fee. It offers around 0.40% value back on everyday spends, lifestyle vouchers from popular brands, and the option to redeem reward points for airmiles, making it suitable for routine spending and travel benefits.

IndusInd Bank Platinum Credit Card

About IndusInd Platinum Credit Card

IndusInd Platinum Credit Card is a rewards-based offering available on popular card networks. It is designed to provide value on everyday spending through reward points that can be redeemed for options such as travel miles, statement credit, or items and vouchers from the rewards collection.

While positioned as a rewards and lifestyle card, its overall value proposition is modest. The primary benefit remains reward points, with an effective return of around 0.40% on spends, which is relatively low compared to other entry-level cards in the market.

The card also allows conversion of reward points into airline miles at a fixed ratio. However, due to the limited earning rate, conversion structure, and restricted airline partners, the actual savings through travel redemptions may be minimal for most users.

As part of its introductory benefits, the card may include vouchers from select premium brands. These perks add some appeal but may not be sufficient on their own to justify choosing this card over more rewarding alternatives.

Rewards Program

  • Earn reward points on eligible card transactions

  • Get 1.5 reward points for every ₹150 spent

  • Redeem points as statement credit, where 1 point equals ₹0.40

  • Convert 400 reward points into 100 airline miles

  • Use points to shop from the rewards catalogue or pay directly using rewards

Other Features & Benefits

  • Welcome Offer: Paid variant comes with a premium gift card along with vouchers from well-known lifestyle, travel, shopping, and utility brands after payment of the joining fee.

  • Travel Insurance: Coverage includes protection for baggage loss or delay, passport loss, missed connections, ticket loss, and air accident insurance, along with card loss or theft protection up to the assigned credit limit.

  • Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel transactions across petrol pumps in India, applicable on spends between ₹500 and ₹3,000, capped at ₹100 per month.

IndusInd Bank Platinum Credit Card Reward Points & Cashback Calculator

Reward Points Calculator

IndusInd Bank Platinum Credit Card: Fees & Charges

Fee Type Amount
Joining Fee Nil
Annual Fee Nil
Finance Charges 3.95% p.m. (47.40% p.a.)
Late Payment Charges
For Statement Balance:
Up to Rs. 100 Nil
Rs. 101 to Rs. 500 Rs. 100
Rs. 501 to Rs. 1,000 Rs. 350
Rs. 1,001 to Rs. 10,000 Rs. 550
Rs. 10,001 to Rs. 25,000 Rs. 800
Rs. 25,001 to Rs. 50,000 Rs. 1,100
More than Rs. 50,000 Rs. 1,300

Platinum RuPay Credit Card – Key Benefits

  • Lifetime free card with the option to link directly to your UPI account

  • Earn 2 reward points for every ₹100 spent via UPI payments

  • Get 1 reward point per ₹100 on regular (non-UPI) transactions

  • Earn 0.70 reward points per ₹100 on selected merchant categories

  • Redeem reward points for catalogue items, travel miles, or statement credit at standard value

  • Make seamless online and offline payments, including UPI transactions with rewards

  • Complimentary domestic lounge access at select RuPay lounges, based on card variant and usage limits

  • Enjoy a 1% fuel surcharge waiver on fuel spends between ₹400 and ₹4,000 across petrol pumps in India, without a monthly cap

  • Travel and protection benefits including coverage for baggage loss or delay, passport loss, missed connections, ticket loss, and personal air accident insurance up to ₹25 lakh

How much you can save via IndusInd Bank Platinum Credit Card?

Category Amount Rewards/ Savings4
Travel Rs. 15,000 150 RP = Rs. 50
Shopping Rs. 10,000 100 RP = Rs. 40
Dining Rs. 10,000 100 RP = Rs. 40
Grocery Rs. 20,000 200 RP = Rs. 80
Fuel Rs. 5,000 Rs. 40
Total Rs. 60,000 Rs. 260

IndusInd Platinum Vs. IDFC First Select Vs. SBI Card Prime

Category Monthly Spend Savings via IndusInd Platinum Savings via IDFC First Select3 Savings via SBI Prime
Travel Rs. 10,000 Rs. 40 Rs. 120 Rs. 50
Dining Rs. 10,000 Rs. 40 Rs. 60 Rs. 250
Grocery Rs. 15,000 Rs. 60 Rs. 260 Rs. 375
Movie Tickets Rs. 5,000 Rs. 20 Rs. 100 Rs. 125
Retail Purchases Rs. 10,000 Rs. 40 Rs. 200 Rs. 50
Online Shopping Rs. 5,000 Rs. 20 Rs. 100 Rs. 25
Departmental Store Rs. 10,000 Rs. 40 Rs. 200 Rs. 250
Total Rs. 65,000 Rs. 260 Rs. 1,040 Rs. 1,125

Things to Know Before You Apply

This card may suit you if:

  • You prefer a lifetime free credit card with essential features

  • You like earning reward points rather than direct cashback

  • You want multiple redemption choices such as statement credit, travel miles, or merchandise

  • You wish to earn rewards on UPI transactions (applicable to the RuPay variant)

Eligibility Requirements:

  • Age between 21 and 60 years (or up to the official retirement age)

  • Employment status: Salaried individual

  • Minimum monthly income of ₹20,000

Steps to Close IndusInd Bank Platinum Credit Card

If you wish to cancel your credit card, follow the proper process recommended by IndusInd Bank to ensure a smooth and hassle-free experience.

  1. Clear All Outstanding Dues

    • Pay your entire pending balance, including purchases, EMIs, interest, and applicable charges

    • This helps avoid any additional fees or delays in the closure process

  2. Redeem Reward Points

    • Utilize all your reward points, cashback, or benefits before closing the card

    • Unused rewards may lapse after the account is closed

  3. Update Auto-Payments

    • Review any subscriptions or standing instructions linked to your card

    • Switch them to another payment method to prevent service interruptions

  4. Contact Customer Care

    • Call customer support or send a request via email

    • Inform them that you want to close your IndusInd Bank Platinum Credit Card

    • Complete the verification process as guided

    The bank may offer benefits to retain you, but you can proceed if you still wish to cancel

  5. Request Closure Confirmation

    • Ask for a written confirmation (email or letter) stating:

      • Your card account has been closed

      • No dues are pending

    • Keep this confirmation safely for future reference

  6. Check Your Credit Report

    • After a few weeks, review your credit report

    • Ensure the status shows “closed”

    • Raise a dispute if you find any incorrect information

  7. Safely Dispose of the Card

    • Cut the card across the chip and magnetic strip

    • This prevents any misuse after closure

Important Tips

  • Stop using the card immediately after placing the closure request

  • Ensure all dues are fully cleared before initiating closure

  • Maintain records of payments and communication with the bank

  • Closing a credit card may slightly affect your credit score, but it usually stabilizes over time

IndusInd Bank Platinum Credit Card Helpline Number

If you need assistance with your IndusInd Bank Platinum Credit Card, you can contact the customer support team of IndusInd Bank for help with billing, payments, card blocking, disputes, and other services.

📞 24×7 Customer Care Numbers

These numbers are available round the clock for all credit card-related queries.

Credit Card Support (Platinum & Similar Cards)

For cards such as Platinum, Iconia, Platinum Select, and Aura variants, you can contact:

Email Support

Always send emails from your registered email ID and mention only the last 4 digits of your card.

Additional Contact Numbers

Available Monday to Friday, 10:00 AM to 6:00 PM

Postal Address

IndusInd Bank Ltd. PO Box 9421, Chakala MIDC, Andheri (East), Mumbai – 400093

Services Available

You can reach customer care for:

  • Billing and statement-related assistance

  • Reporting lost or stolen cards

  • Transaction disputes or fraud concerns

  • Card activation, blocking, or upgrade requests

  • General account-related support

Important Tips

  • Keep your registered mobile number and card details ready before calling

  • Never share sensitive information like OTP, PIN, or CVV

  • Note down the complaint/reference number for tracking your request

  • In case of suspicious activity, block your card immediately using official channels

FAQs

What kind of benefits does the Platinum Credit Card offer?

It is a beginner-friendly card that focuses on reward points for regular spending, along with introductory vouchers and a fuel surcharge waiver on eligible fuel transactions.

Yes, the RuPay variant lets you earn reward points on UPI transactions as well as on standard card spends, with a higher earning rate on UPI usage.

You can submit an application online through the bank’s digital channels or apply offline by visiting a nearby branch with the required documents.

Fuel spends do not earn reward points. However, eligible fuel transactions receive a surcharge waiver within the specified monthly limit.

The card does not include premium travel perks, but accumulated reward points can be converted into airline miles to help reduce travel costs.

No, this credit card does not come with complimentary airport lounge access.

The RuPay variant is suitable for first-time cardholders or those seeking a lifetime free card that also offers rewards on UPI payments.

You can apply directly through the issuing bank’s official channels, either online or by visiting a branch in person.