IndusInd Bank Platinum Credit Card
The IndusInd Platinum is the definition of a "fine" card — a lifetime-free card (IndusInd's own schedule of charges lists both joining and annual fee as NIL) wrapped around a reward rate so low (1.5 reward points per ₹150, about 0.40%) that it barely registers. There is no airport lounge benefit on it: IndusInd's MITC names the Platinum on the list of cards where Priority Pass is not available, the product page carries no lounge section, and the card is absent from the bank's domestic lounge programme. Because it costs nothing to hold, there is no fee to earn back — which is the whole case for it: a no-drama secondary card for an existing IndusInd customer. On rewards it loses to almost every other free card in the market. Worth knowing: the sibling "Platinum Aura Edge" variant is also lifetime-free but adds a choose-a-category 8X reward-points engine, a 0.5 point/₹100 base and a fuel surcharge waiver — usually the better of the two.
Key features
What this card is built to do — the highlights that actually matter.
0.4% on Other
1.5 reward points per ₹150 (~0.40%); fuel spends earn no points, and since 1 August 2019 utility, insurance, government, education and rent spends earn a reduced 0.7 RP per ₹150. The Aura Edge variant earns a choose-a-category 8X instead
0.19% on Utility Bills
0.7 RP per ₹150 (~0.19%) on utility bill payments — the reduced rate from IndusInd's 1 Aug 2019 revision, not the 1.5-per-₹150 base
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 0.4% | — |
| Utility Bills | reward points | 0.19% | — |
| Insurance | reward points | 0.19% | — |
| Government & Tax | reward points | 0.19% | — |
| Education | reward points | 0.19% | — |
| Rent | reward points | 0.19% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| 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 — ~₹600/yr in total.
fuel waiver ~ ₹600 /yr
1% fuel surcharge waiver on fuel transactions from ₹500 to ₹3,000, capped at ₹100 in a billing cycle
Should you get it?
Best for: Existing IndusInd customers who want a no-drama, no-fee secondary card, Holders of a proper rewards card who want a zero-cost secondary
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Other ( 0.4% back).
✓ Pros
- Lifetime free — no joining fee and no annual fee
- A 1% fuel surcharge waiver on fuel spends of ₹500 to ₹3,000 at zero cost
- Backed by IndusInd full-service banking
- Add-on cards and standard insurance covers
✕ Cons
- Base reward rate of ~0.40% is very low — most free cards out-earn it
- No accelerated categories at all; fuel spends earn no points
- No airport lounge access — IndusInd's MITC names the Platinum among the cards on which Priority Pass is not available, and the card does not appear in its domestic lounge programme
- From 15 June 2026 a 1% fee plus GST applies to fuel spends above ₹30,000 in a billing cycle and to non-air transport spends above ₹40,000, and rent paid through third-party merchants carries 1% plus GST on every transaction
- Dynamic currency conversion doubled to 2% plus GST on 15 June 2026, charged on top of the 3.5% forex markup when an overseas merchant bills you in rupees
- Its case rests entirely on being free and on the IndusInd relationship
Eligibility & documents
Age
21 –60 years
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed · Student
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.
🎁 IndusMoments catalogue — vouchers, merchandise and travel bookings
🎁 Pay with Rewards at partner merchants through twid
🎁 Transfer to Singapore Airlines KrisFlyer
🎁 Cash credit at ₹0.40 a point — minimum 500 points, capped at 2,500 points a calendar month
🎁 Since 1 April 2025 a cash redemption can draw on no more than 50% of the reward-point balance and costs ₹149 plus GST (₹100 for non-cash redemptions)
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
Airline / hotel transfer Three partners only — Air India Maharaja, Singapore KrisFlyer and Club ITC. Ratios are per-card AND per-partner: Air India is 1:1 on Pioneer Private & Tiger (⇒ ₹1/pt), 2:1 on Pinnacle/Heritage/Indulge, 4:1 on Legend. KrisFlyer is 1:1 on Pioneer Private but 4:1 on Tiger — the same card, a different partner. Club ITC 1:1 is Pioneer Private only. Capped at 10,000 pts/month to KrisFlyer.
✈ Transfer partners ✈ Singapore Airlines KrisFlyer ( 4:1 ) Value your balance: IndusInd Reward Points ✈ Singapore Airlines KrisFlyer ( 4:1 ) ₹ 2,500 vs. typical redemption ₹ 3,500 Direct transfers from this card only, ranked by what a point is worth in the destination programme . Full calculator, every currency → The concern A ~0.40% reward rate is very low and there is no lounge benefit to offset it — the card is worth holding only because it is free. Put your spending on it and you leave real money on the table versus almost any other free card.
The bottom line
The IndusInd Platinum serves adequately as a maintenance-free backup card, carrying zero annual fees and no maintenance requirements, though its ~0.40% reward rate provides minimal value on regular spending. In addition, the card offers no airport lounge access. While keeping it in your wallet costs nothing, spending is better directed toward more rewarding options—including its lifetime-free sibling, the Platinum Aura Edge.
Sources & verification
Fees, reward rates, and benefits for the IndusInd Bank Platinum 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 16 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 2018 · 13 changes · last change Jun 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 3 changes — 3 cuts
▼ Fee Effective 15 Jun 2026
Dynamic Currency Conversion fee doubled to 2%
1% mark-up + taxes → 2% + GST
The mark-up on transactions billed in Indian rupees at an international location (or at India-based merchants registered overseas) doubled from 1% to 2% + GST for the Platinum. IndusInd's premium cards — Celesta, Pinnacle, Indulge, Crest — were held at 1%, so standard variants absorbed the whole increase.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Fee Effective 15 Jun 2026
Fuel-fee threshold cut from ₹50,000 to ₹30,000/cycle
1% + GST above ₹50,000 per cycle → 1% + GST above ₹30,000 per cycle
The Platinum was moved to the lower of IndusInd's two new fuel-fee tiers: the 1% + GST charge now bites at ₹30,000 of cumulative fuel per statement cycle instead of ₹50,000. Premium cards such as Celesta and Pinnacle kept the ₹50,000 threshold, so this is a standard-variant-only cut.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Fee Effective 15 Jun 2026
New 1% surcharge on transport spends above ₹40,000/cycle
No transport surcharge → 1% + GST above ₹40,000 per cycle
A new 1% + GST charge applies once cumulative transport spends (MCCs 4111, 4112, 4784 and 4131 — cabs, rail, bus and tolls) exceed ₹40,000 in a statement cycle. Air travel is excluded from the category.
Verification: IndusInd Bank ↗ · Confidence: High
2025 4 changes — 4 cuts
▼ 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
▼ Fee Effective 4 May 2025
New 1% fee on fuel spends above ₹50,000/cycle
No bank fee on fuel spends → 1% + GST on cumulative fuel above ₹50,000 per statement cycle
IndusInd began levying 1% + GST on cumulative fuel transactions once they exceed ₹50,000 in a statement cycle, charged on the whole cycle's fuel spend rather than the excess. This is separate from — and not offset by — the card's 1% fuel-surcharge waiver.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Redemption Effective 1 Apr 2025
Redemption fee raised to ₹149; 50%-of-balance cap added
No 50%-of-balance cap; lower cash-redemption fee → ₹149 + GST per cash redemption; 50%-of-balance cap; twid fees per transaction
A portfolio-wide redemption devaluation effective 1 April 2025: the cash-credit redemption fee became ₹149 + GST, per-transaction fees were added to the twid "Pay with Rewards" programme, the twid threshold fell from the 2nd transaction onwards (15% → 12.5% on travel, 10% on other categories), cash redemption was additionally limited to 50% of the point balance, points on unpaid spends became clawback-able on delinquency, and points on fractional spends above the base multiplier ended.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Transfer Effective 21 Jan 2025
InterMiles redemption route discontinued
Points → InterMiles → InterMiles route withdrawn
IndusInd discontinued converting reward points to InterMiles across its credit cards, including the Platinum — removing a long-standing airmiles redemption route and leaving KrisFlyer as the principal airline option.
Verification: IndusInd Bank ↗ · Confidence: High
2024 4 changes — 3 cuts, 1 neutral
▼ Transfer Effective 31 Oct 2024
Club Vistara airmiles redemption discontinued
Points → Club Vistara airmiles via IndusMoments → Club Vistara route withdrawn
IndusInd ended reward-point redemption towards Club Vistara airmiles on IndusMoments across its credit cards, closing one of the two airline routes open to Platinum holders ahead of Vistara's merger into Air India.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Fee Effective Oct 2024
New 1% fees on utility and wallet-load spends
No fee on utility or wallet-load spends → 1% + GST above ₹25,000 (utility) / ₹20,000 (wallet) per cycle
From statements generated in October 2024, cumulative utility payments above ₹25,000 in a statement cycle attract 1% + GST on the entire amount, and wallet loads above ₹20,000 likewise. The fee applies to the whole cycle's spend once the threshold is crossed, not just the excess.
Verification: IndusInd Bank ↗ · Confidence: High
▼ Redemption Effective 1 Sept 2024
Cash redemption capped at 2,500 points/month
Uncapped cash redemption → Max 2,500 RP per calendar month
IndusInd imposed a product-level ceiling on redeeming reward points for cash credit. At the Platinum's ₹0.40 per point, 2,500 points is only ₹1,000 a month — a hard limit on how fast a holder can extract value. Catalogue and voucher redemptions were left uncapped.
Verification: IndusInd Bank ↗ · Confidence: High
◆ Redemption Effective 1 Mar 2024
Point value split into separate cash and non-cash rates
1 RP = ₹0.50 non-cash (stated from 1 Jan 2024) → Non-cash ₹0.60 · cash ₹0.40
IndusInd replaced a single redemption value with a split grid: non-cash redemptions (excluding airmiles) at ₹0.60 per point and cash credit at ₹0.40 per point. Cash redeemers lost ~20% of their point value while catalogue redeemers gained ~20%, so the net effect is lateral rather than a clear cut. The Platinum page carries both an earlier "1 Jan 2024 = ₹0.50" note and the 1 Mar 2024 split, and the bank never published a single consolidated before-and-after — hence the reconstructed flag.
Verification: IndusInd Bank ↗ · Confidence: Reconstructed
2022 1 change — 1 cut
▼ Benefit Effective 1 Oct 2022
BookMyShow movie offer discontinued
BookMyShow offer available on Platinum → Withdrawn
IndusInd withdrew the BookMyShow offer from the Platinum and Platinum Select cards, removing the card's only entertainment perk. The bank published this as a customer notice on the Platinum product page rather than as a press release.
Verification: IndusInd Bank ↗ · Confidence: High
2018 1 change — 1 cut
▼ Reward Effective 1 Apr 2018
Fuel spends stop earning reward points
Fuel spends earned 1.5 RP per ₹150 → Fuel spends earn nothing
IndusInd stopped accruing reward points on fuel transactions across its credit card portfolio, including the Platinum. The card retains its 1% fuel-surcharge waiver, but the spend itself no longer earns — a change the bank still footnotes on the Platinum product page today.
Verification: IndusInd Bank ↗ · Confidence: High
↓ Show all 13 changes 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.
Embed this timeline on your site Free to use. Facts only — dates, changes and before/after values. Please keep the credit line below the frame: it's the only part search engines can see, and it's what we ask for in return.
Source: IndusInd Bank Platinum Credit Card value timeline — CardAdvisor
“ Cite this timeline Quoting a date or a before/after figure? Copy the HTML version — it credits the record with a working link.
HTML (with link) Plain text Copy
Source: IndusInd Bank Platinum Credit Card value timeline , CardAdvisor (CC BY 4.0).
Want to know if this beats your current card for your spending?
Apply now → Compare with my profile
Applications are submitted to and decided by IndusInd Bank . CardAdvisor does not issue cards or process applications.
Find your best card
Answer 5 questions. Get a personalised shortlist with ₹ value estimates.
Find my card →
Quick summary
Type Mid credit card
Reward rate 0.4%
Best for Existing IndusInd customers who want a no-drama, no-fee secondary card
Joining fee Free
Annual fee Lifetime free
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 16 Aug 2026
How we research →
Useful links
Rewards calculator
Estimate any card’s annual value
Points valuations
What each point is really worth
Latest card changes
Live fee & reward-rate tracker
Market insights
The Indian card landscape
Card data study 2026
280 cards analysed — August 2026
Frequently asked questions
Check your eligibility for this card
Answer a few quick questions and our team will reach out with matching card offers based on your profile.