In-depth review
CRED IndusInd Bank RuPay Credit Card
CRED's mass-market RuPay co-brand (not the invite-only CRED Sovereign) pays a real ~5% — 5 CRED Points per ₹100 — on e-commerce, CRED Pay/Store/Travel and CRED UPI, capped at 5,000 points a statement cycle. First year free, then ₹499. A focused online/UPI category card, best paired with a broad everyday card, not a do-everything wallet.
Read the full review →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 online payments; ~₹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
Pay UPI QR codes from your credit line. What UPI payments earn can depend on the app you pay through, so check the rewards details.
For heavy CRED users who route e-commerce, CRED Pay and online CRED UPI payments through the app and can stay within the 5,000-point monthly cap. Casual users who spend mostly offline will see little from it.
Full reward structure
What you earn on every rupee, per spend category — as of 28 Sept 2026. Rates assume 1 pt = ₹1.00. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 5%5 pts/₹100 × ₹1.00 | ₹5,000 |
| International | reward points | 1%1 pts/₹100 × ₹1.00 | — |
| Utility Billsonly at CRED app | reward points | 1%1 pts/₹100 × ₹1.00 | — |
| Insuranceonly at CRED app | reward points | 1%1 pts/₹100 × ₹1.00 | — |
| Other | reward points | 1%1 pts/₹100 × ₹1.00 | — |
Online Shopping: 5 CRED Points/₹100 on e-commerce, CRED Pay, CRED Store, CRED Travel and CRED UPI online payments; ~₹1/point for CRED flights/hotels/select merchants (₹0.50 for bill payments); capped 5,000 points/cycle; expire in 2 years
International: 1 CRED Point per ₹100 on international spends; 3.5% forex markup also applies
Utility Bills: 1 CRED Point per ₹100 (1% back) on utility bills paid INSIDE the CRED app. IndusInd states that utility and insurance transactions done outside CRED earn no CRED Reward Points at all, so a bill paid direct to the biller earns nothing — this is a rail condition, not a category exclusion. · CRED app
Insurance: 1 CRED Point per ₹100 (1% back) on insurance premiums paid INSIDE the CRED app. IndusInd states that utility and insurance transactions done outside CRED earn no CRED Reward Points, so a premium paid direct to the insurer earns nothing. · CRED app
Other: 1 CRED Point per ₹100 on ordinary offline and other non-accelerated spends, including CRED UPI Scan & Pay (uncapped since 11 Aug 2026) and UPI paid through other apps. The 5X rate is limited to e-commerce, CRED-app and CRED UPI online transactions. Transactions under ₹100 earn nothing.
Earns nothing on: Utility and insurance paid outside the CRED app · Fuel · Tolls & Road Fees · EMI Conversions · Government & Tax · Wallet Loads · Rent · Transportation · Online education payments · Loan payments · Jewellery
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 28 Sept 2026.
| 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 | ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹1,200/yr in total.
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 online UPI payments 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 & cons
✓ Pros
- A real ~5% (5 CRED Points/₹100) on e-commerce, CRED Pay/Store/Travel and CRED UPI online payments
- RuPay UPI-linked — online CRED UPI payments earn the accelerated rate, and CRED UPI Scan & Pay earns 1% with no cap since 11 August 2026
- 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)
- In-store UPI earns only 1% — CRED UPI Scan & Pay (uncapped since 11 August 2026) and UPI paid through other apps both sit on the base rate; the 5% needs an online CRED UPI payment
- 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
- Earns nothing on fuel, tolls and other transport, rent, wallet loads, EMI and loan payments, government payments, online education or jewellery, or on any transaction under ₹100
- ₹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
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.
Above-average base value
Brand & e-gift vouchers
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.
Frequently asked questions
Is this the same as the CRED Sovereign card?
How much can I earn at 5%?
What is a CRED Point worth?
Is the card UPI-linked?
Do utility bills and insurance earn on this card?
Is there a fee to redeem CRED Points?
What does it cost?
How has the CRED IndusInd Bank RuPay Credit Card changed over time?
Has the CRED IndusInd Bank RuPay Credit Card been devalued recently?
When did the CRED IndusInd Bank RuPay Credit Card's fees last change?
How did the CRED IndusInd Bank RuPay Credit Card change in 2026?
The bottom line
Judged as a category card it is one of the stronger RuPay-UPI earners going — a real ~5% on the CRED ecosystem is rare — but read the cap and the redemption fine print. The 5,000-point ceiling caps the 5% at roughly ₹1 lakh of app spend a cycle, non-CRED offline spends earn a token rate, and a point is worth ₹1 only for CRED travel and select merchants (₹0.50 for bill payments). Treat it as a focused online/UPI card to pair with a broad everyday card, not a single do-everything wallet.
How this page was built
Counted from this card’s own record: 5 earn rules, 1 of them capped, 2 paid only at named merchants, the spends listed as earning nothing and 1 recorded perk.
Last updated 28 Sept 2026.
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 updated 28 Sept 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.
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Guides and reviews related to this card.
CRED IndusInd Bank RuPay Credit Card
CRED's mass-market RuPay co-brand (not the invite-only CRED Sovereign) pays a real ~5% — 5 CRED Points per ₹100 — on e-commerce, CRED Pay/Store/Travel and CRED UPI, capped at 5,000 points a statement cycle. First year free, then ₹499. A focused online/UPI category card, best paired with a broad everyday card, not a do-everything wallet.
IndusInd Bank Jio-bp Mobility+ Credit Card
A fuel co-brand tied to Reliance's Jio-bp network: ~4% back at Jio-bp outlets (12 Smiles per ₹100 plus a 1% surcharge waiver), capped at 1,200 Smiles a cycle, on RuPay with UPI. Away from the pump it earns 5 Smiles per ₹100 on dining, supermarket and grocery. Nil renewal fee, joining fee waived on ₹10,000 spend. Worth it mainly if Jio-bp is genuinely your regular pump.
IndusInd Bank ePay Amex Credit Card
A lifetime-free, online-first American Express card whose rewards are frequency-based — 4 / 8 / 10 Reward Points per transaction as you cross 4 and 10 transactions a cycle, points worth just ₹0.35 each. The much-quoted 5% prompt-payment cashback is published by IndusInd with no base and no cap, so its worth cannot be calculated. A free secondary online card, not a primary earner — and no UPI.
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 · last change Aug 2026
2026
- ▲ RewardEffective 11 Aug 2026
CRED UPI Scan & Pay cap removed
1%, capped at 500 CRED Points a statement cycle→1%, no cap
From 11 August 2026 IndusInd stopped capping the 1% CRED Reward Points on CRED UPI Scan & Pay, which had stopped at 500 CRED Points a statement cycle. The same revision dropped the note that Scan & Pay done outside CRED earns nothing; the card page now pays 1% on all other transactions. The 5% on e-commerce, CRED Pay, Store, Travel and CRED UPI online payments, and its 5,000-point cap, are unchanged.
Verification: IndusInd Bank ↗ · Confidence: High
- ▼ FeeObserved 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
- ▼ FeeObserved 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
- ▼ FeeObserved 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
- ▼ BenefitEffective 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
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: <a href="https://cardadvisor.in/cards/indusind-cred#value-timeline">CRED IndusInd Bank RuPay Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
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