In-depth review
IndusInd Bank Platinum Credit Card
The definition of a "fine" card — genuinely lifetime free, with a fuel surcharge waiver and a reward rate so low (~0.40%) it barely registers. What it does not have, despite what most write-ups say, is airport lounge access: IndusInd's own MITC lists the Platinum among the cards where Priority Pass is not available. Because it costs nothing to hold, it's a sensible secondary card for an existing IndusInd customer; as a card to actually spend on, almost every other free card out-earns it.
Read the full review →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 Education
0.7 RP per ₹150 (~0.19%) on education institute fees — reduced rate, 1 Aug 2019 revision
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
For existing IndusInd customers who want a free, sensible secondary card and nothing more. Reward-seekers should look at the lifetime-free Aura Edge variant or a larger bank's card, and anyone who wants lounge access should look elsewhere entirely.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.40. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 0.4%1 pts/₹100 × ₹0.40 | — |
| Education | reward points | 0.19%0.47 pts/₹100 × ₹0.40 | — |
| Government & Tax | reward points | 0.19%0.47 pts/₹100 × ₹0.40 | — |
| Insurance | reward points | 0.19%0.47 pts/₹100 × ₹0.40 | — |
| Rent | reward points | 0.19%0.47 pts/₹100 × ₹0.40 | — |
| Utility Bills | reward points | 0.19%0.47 pts/₹100 × ₹0.40 | — |
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
Education: 0.7 RP per ₹150 (~0.19%) on education institute fees — reduced rate, 1 Aug 2019 revision
Government & Tax: 0.7 RP per ₹150 (~0.19%) on government services, charges and payments — reduced rate, 1 Aug 2019 revision
Insurance: 0.7 RP per ₹150 (~0.19%) on insurance premium payments — reduced rate, 1 Aug 2019 revision
Rent: 0.7 RP per ₹150 (~0.19%) on real estate and rental payments — added to the reduced list effective 20 January 2022
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
Earns nothing on: Fuel
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 11 Oct 2026.
| 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 | ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹600/yr in total.
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 everyday spends (0.4% back).
Pros & cons
✓ 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
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.
Above-average base value
Brand & e-gift vouchers
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
Direct transfers from this card only, ranked by what a point is worth in the destination programme. Full calculator, every currency →
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.
Frequently asked questions
What is the annual fee for the IndusInd Bank Platinum Credit Card?
What is the foreign currency markup?
Does the IndusInd Platinum include airport lounge access?
What is the minimum age and income to apply?
How has the IndusInd Bank Platinum Credit Card changed over time?
Has the IndusInd Bank Platinum Credit Card been devalued recently?
When did the IndusInd Bank Platinum Credit Card's fees last change?
How did the IndusInd Bank Platinum Credit Card change in 2026?
The bottom line
IndusInd Platinum is a fine free secondary card — no fee, no drama — but the ~0.40% earn means nothing here wins a comparison table, and the lounge access it is often credited with does not exist on this variant. Since it costs nothing, holding it does no harm; just don't make it the card you spend on. The lifetime-free Aura Edge variant out-earns it.
How this page was built
Counted from this card’s own record: 6 earn rules, the spends listed as earning nothing and 1 recorded perk.
Last updated 11 Oct 2026.
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 updated 11 Oct 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.
IndusInd Bank Platinum Credit Card
The definition of a "fine" card — genuinely lifetime free, with a fuel surcharge waiver and a reward rate so low (~0.40%) it barely registers. What it does not have, despite what most write-ups say, is airport lounge access: IndusInd's own MITC lists the Platinum among the cards where Priority Pass is not available. Because it costs nothing to hold, it's a sensible secondary card for an existing IndusInd customer; as a card to actually spend on, almost every other free card out-earns it.
IndusInd Bank Platinum Aura Edge Credit Card
The Platinum Aura Edge is IndusInd's lifetime-free lifestyle card with an unusual twist: you pick one of four reward plans — Home, Shop, Travel or Party — and earn up to 4 reward points per ₹100 only in that plan's categories, on a weak 0.5-point base. Points are worth ₹0.40. Genuinely useful if your spend concentrates in one plan; poor as a do-everything card.
IndusInd Bank Duo Card
India's first debit-cum-credit card — one card, two EMV chips, so it acts as your IndusInd debit or credit card. The credit side is lifetime-free but earns a low 1 reward point per ₹150, and nothing on fuel. Hold it for the convenience and the monthly BookMyShow buy-one-get-one (worth up to ₹2,400 a year), not for the reward rate — and not for the 2% forex the product page still advertises, which the MITC does not support.
IndusInd Bank Platinum RuPay Credit Card
A RuPay card you link to a UPI app to earn 2 reward points per ₹100 on UPI (QR-code) spends, 1 on non-UPI card spends, and just 0.70 on select categories. At ₹0.35 a point that's about 0.7% back — modest, and IndusInd's MITC prices entry at a one-time ₹10,000 joining fee with no annual fee thereafter, even though the marketing still says Lifetime Free.
IndusInd Bank Nexxt Credit Card
A genuinely original piece of hardware — the LED-button card that lets you toggle Credit, Rewards or EMI right at the terminal — wrapped around a thoroughly ordinary rewards engine of 1 point per ₹150. Add a ₹10,000 joining fee (but no annual fee) and KrisFlyer-only transfers, and the novelty has to do a lot of work. Buy it for the trick, not the return.
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 · last change Jun 2026
2026
- ▼ FeeEffective 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
- ▼ FeeEffective 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
- ▼ FeeEffective 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
- ▼ 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
- ▼ FeeEffective 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
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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