CRED IndusInd Bank RuPay Credit Card
The CRED IndusInd Bank RuPay Credit Card is CRED's mass-market co-brand (not the invite-only 18-karat CRED Sovereign) — a genuinely useful everyday earner if you live inside the CRED app. It pays 5 CRED Points per ₹100 (an effective ~5% when points redeem at ₹1) on e-commerce, CRED Pay, CRED Store, CRED Travel and CRED UPI, plus 1 point per ₹100 on international spends. Read the UPI line carefully: IndusInd separates CRED UPI (5% back) from CRED UPI Scan & Pay, which earns 1% and no more than 500 CRED Points in a statement cycle — and Scan & Pay done outside the CRED app earns nothing at all. The other catch is the 5,000-point monthly cap across all accelerated categories, so the 5% rate is really worth up to ~₹1 lakh of qualifying spend a statement cycle; beyond that, and on ordinary offline spends, earning drops to a token base rate. The first year is free; a ₹499 + GST fee applies from the second year. CRED Points expire two years after issue, and the redemption value is ₹1 only for CRED flights, hotels and select merchants — where no more than 70% of your points balance can be used in a single transaction — while bill payments redeem at ₹0.50 with no such ceiling.
Key features
What this card is built to do — the highlights that actually matter.
5% on Online Shopping
5 CRED Points/₹100 on e-commerce, CRED Pay, CRED Store, CRED Travel and CRED UPI; ~₹1/point for CRED flights/hotels/select merchants (₹0.50 for bill payments); capped 5,000 points/cycle; expire in 2 years
1% on International
1 CRED Point per ₹100 on international spends; 3.5% forex markup also applies
UPI Linked
Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 5% | ₹5,000 |
| International | reward points | 1% | — |
| Utility Bills | reward points | 1% | — |
| Insurance | reward points | 1% | — |
| Other | reward points | 1% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.95% p.m. |
| Forex markup | 3.5% |
| Reward redemption fee | ₹149 |
Perks & benefits
Estimated annual value beyond rewards — ~₹1,200/yr in total.
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver on fuel spends between ₹500 and ₹5,000, up to ₹300 a month
Should you get it?
Best for: Heavy CRED-app users who route e-commerce and UPI spends through CRED, Online shoppers who can stay within the 5,000-point monthly cap, RuPay-UPI spenders who want a category earner to pair with a broad everyday card
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Online Shopping ( 5% back).
✓ Pros
- A real ~5% (5 CRED Points/₹100) on e-commerce, CRED Pay/Store/Travel and CRED UPI
- RuPay UPI-linked — CRED UPI earns the accelerated rate, while CRED UPI Scan & Pay earns 1% capped at 500 CRED Points a statement cycle
- 1% back on utility bills and insurance premiums when they are paid inside the CRED app
- First year free
- 1% fuel surcharge waiver on ₹500–₹5,000 fuel spends, up to ₹300 a month
✕ Cons
- The 5% rate is capped at 5,000 CRED Points a statement cycle (~₹1 lakh of qualifying app spend)
- CRED UPI Scan & Pay earns only 1%, capped at 500 CRED Points a statement cycle, and earns nothing at all if the Scan & Pay is done outside the CRED app
- A CRED Point is worth ₹1 only for CRED flights, hotels and select merchants — bill payments redeem at ₹0.50
- On the ₹1 rail (flights, hotels, CRED Store, CRED Pay merchants) you can use at most 70% of your points balance in a single transaction; only card and utility bill payments, which redeem at ₹0.50, allow 100%
- Utility bills and insurance premiums earn only when they are paid inside the CRED app — paid direct to the biller or insurer they earn nothing
- Ordinary offline spends outside the CRED app earn only a token base rate
- ₹499 + GST fee applies from the second year (first year free)
- CRED Points expire two years after issue
- From 15 June 2026 IndusInd charges 1% + GST on fuel spends above ₹30,000 a statement cycle, a 2% + GST dynamic-currency-conversion fee when an overseas merchant bills you in rupees (this is on top of the 3.5% forex markup, not instead of it), and 1% + GST on transport spends above ₹40,000 a cycle
Eligibility & documents
Age
21 –65 years
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 CRED flights & hotels via CRED Travel (~₹1 per CRED Point) — up to 70% of your points balance per transaction
🎁 CRED Store, CRED Pay merchants and vouchers via the CRED app (~₹1 per CRED Point) — the same 70%-per-transaction ceiling applies
🎁 Credit card and utility bill payments inside the CRED app (~₹0.50 per CRED Point) — up to 100% of the points balance, the only route with no per-transaction ceiling
What your IndusInd Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit / catalogue BEST Above-average base value
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern The 5% is narrow and capped — it applies only to e-commerce and CRED-app transactions, stops at 5,000 points a cycle, and a CRED Point is worth ₹1 only for CRED travel/merchants (₹0.50 for bill payments), so real-world value is lower than the headline rate suggests.
The bottom line
As a category-specific earner, this card ranks among the better RuPay-UPI options on the market — a genuine ~5% return within the CRED ecosystem isn't common — but the fine print around caps and redemption deserves a close read. The 5,000-point ceiling limits that 5% rate to roughly ₹1 lakh of app spend per cycle, offline spending outside CRED earns only a token rate, and points hold their full ₹1 value solely for CRED travel bookings and select merchants (dropping to ₹0.50 for bill payments). Best used as a targeted online/UPI card alongside a broader everyday card, rather than relied on as a single all-purpose wallet.
Sources & verification
Fees, reward rates, and benefits for the CRED IndusInd Bank RuPay Credit Card are taken from IndusInd Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 6 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for IndusInd Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2025 · 5 changes · last change Jun 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 3 changes — 3 cuts
▼ Fee Observed 13 May 2026 · Effective 15 Jun 2026
Dynamic Currency Conversion fee doubled 1% → 2%
1% + taxes → 2% + GST
From 15 June 2026 the Dynamic Currency Conversion mark-up — levied when an international transaction, or one at an India-based merchant registered overseas, is billed in rupees rather than the local currency — doubled from 1% to 2% + GST on this card. Premium variants were held at 1%. DCC is avoidable: always choose to be billed in the merchant's local currency.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Fee Observed 13 May 2026 · Effective 15 Jun 2026
Fuel fee threshold cut ₹50,000 → ₹30,000 a cycle
1% + GST above ₹50,000/cycle → 1% + GST above ₹30,000/cycle
From 15 June 2026 IndusInd charges 1% + GST on cumulative fuel spends above ₹30,000 in a statement cycle on this card, down from the ₹50,000 threshold that applied until 14 June 2026. The bank split its portfolio in two and put the CRED RuPay card in the lower ₹30,000 tier; premium variants (Indulge, Celesta, Crest, Pinnacle, EazyDiner Signature, Tiger, Avios) kept ₹50,000. This is a fee on the spend itself, separate from the fuel surcharge waiver.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Fee Observed 13 May 2026 · Effective 15 Jun 2026
New 1% fee on transport spends above ₹40,000 a cycle
No transport fee → 1% + GST above ₹40,000/cycle
From 15 June 2026 IndusInd levies 1% + GST on cumulative transport spends above ₹40,000 in a statement cycle — MCCs 4111, 4112, 4131 and 4784, covering cabs, rail, bus and tolls. Air travel is excluded. Only Pioneer Private, Pioneer Heritage and Indus Solitaire are exempt, so this card is in scope.
Verification: IndusInd Bank ↗ · Confidence: High
2025 2 changes — 1 cut, 1 neutral
▼ Benefit Effective 21 Dec 2025
Complimentary air-accident insurance withdrawn
Complimentary air-accident cover provided with the card → No air-accident cover
On 21 December 2025 IndusInd discontinued the complimentary air-accident insurance feature across its credit cards, stating simply that the coverage "stands discontinued". The bank published no replacement and named no exempt card. Note that several IndusInd product pages still described the cover months afterwards — the Avios, Duo, Pioneer Private and Platinum pages all still advertised it in August 2026 — so a reader may encounter the old wording on IndusInd's own site; the dated withdrawal notice is the operative statement. Other insurance benefits are unaffected: lost-card liability, Total Protect fraud cover, travel insurance and purchase protection continue where the card carried them.
Verification: IndusInd Bank ↗ · Confidence: High
◆ Launch Effective 15 Sept 2025
CRED IndusInd Bank RuPay Credit Card launched
CRED's mass-market co-brand with IndusInd Bank debuts on RuPay at CRED's Yosemite release — the same day as the invite-only CRED Sovereign, and not to be confused with it. It earns 5 CRED Points per ₹100 (~5% at ₹1/point) on e-commerce, CRED Pay, CRED Store, CRED Travel and CRED UPI, and 1 point per ₹100 on offline spends, Scan & Pay outside CRED, utilities, insurance and international. Nil joining fee, ₹499 + GST from year two. Points redeem at ₹1 against CRED Pay merchants, CRED Store, flights (ixigo) and hotels (Expedia) but only ₹0.50 against bill payments, and expire after 24 months.
Verification: IndusInd Bank ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: CRED IndusInd Bank RuPay Credit Card value timeline — CardAdvisor
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Quick summary
Type Mid credit card
Reward rate 1%–5%
Best for Heavy CRED-app users who route e-commerce and UPI spends through CRED
Joining fee Free
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 6 Aug 2026
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280 cards analysed — August 2026
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