IndusInd Bank Platinum Credit Card
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Joining Fee
Renewal Fee
Best Suited For
Reward Type
Welcome Benefits
Movie & Dining
N/A
Rewards Rate
1.5 RPs per Rs. 100 spent and 1.2 RPs per Rs. 100 spent on utilities & insurance categories.
Reward Redemption
1 RP = Re. 0.85 while redeeming reward points against cash and 1 RP = 1 InterMile / 1 CV Point.
Travel
N/A
Domestic Lounge Access
NA
International Lounge Access
NA
Golf
N/A
Insurance Benefits
Complimentary Air Accidental death cover worth Rs. 25 Lakhs.
Spend-Based Waiver
NA
Rewards Redemption Fee
Rs. 100
Foreign Currency Markup
3.5% of the transacted amount.
Interest Rates
3.83% p.m. (46% p.a.)
Fuel Surcharge
1% fuel surcharge waiver on transcations between Rs. 400 and Rs. 4,000 at all fuel stations in India.
Cash Advance Charges
Rs. 300 or 2.5% of the amount withdrawn, higher of the two.
- 1.5 reward points on every ₹ 150 spent on this card (except on fuel).
- Get a complimentary air accidental death cover of up to ₹ 25 lakh.
- 1% fuel surcharge waiver.
- 24*7 concierge services & auto assist
IndusInd Bank Platinum Credit Card Rewards
- You earn 1.5 reward points on every ₹150 you spend.
- You can earn 1.2 reward points on every ₹150 spent on select merchant categories like utility bill payments, insurance premium payments, etc. on this card.
- No Reward points will be earned on transactions done towards fuel purchases.
Reward Redemption
- You can convert your reward points into cash credit for paying outstanding amounts on the card. You can redeem a maximum of 10,000 reward points for cash credit in a billing cycle is 10,000. 1 RP is equivalent to ₹ 0.40 for cash redemption.
- You can get 1 Oberoi hotel and resort stay voucher by redeeming 30,000 reward points.
- The accumulated 27,000 reward points can be redeemed for purchasing Mont Blanc Vouchers worth ₹ 25000.
- You can convert your reward points into Airline Miles. 100 RPs are equivalent to 100 Club Vistara Points.
Insurance Benefits
| Category | Insurance Coverage |
| Accidental air death | Rs. 25 lakhs |
| Lost baggage | Rs. 1,00,000 |
| Delayed baggage | Rs 25,000 |
| Loss of passport | Rs 50,000 |
| Lost ticket | Rs 25,000 |
| Missed connection | Rs 25,000 |
Other Benefits
You get complimentary access to Auto Assist such as roadside repair, emergency fuel supply, emergency towing assistance, and much more.
Conclusion
IndusInd Bank Platinum Credit Card targets millennials who love shopping from premium brands. This card is loaded with exciting offers on apparel and luxury items (jewelry, watch, etc). Unlike other shopping credit cards, which don’t consider insurance benefits, IndusInd Bank provides you a personal air accidental insurance cover of Rs. 25 Lakhs on Platinum Credit Card. So, if you’re looking for a lifestyle card that has covered a wide range of benefits from shopping to insurance then Platinum Credit Card by IndusInd Bank is worth consideration.
FAQs:
Does this card provide any movie and dining benefits?
Do add-on members have the privilege to enjoy golf benefits?
What is the interest charged on this card?