The IndusInd Platinum RuPay Credit Card charges no annual fee. Its base return is 0.35% (1 RP per Rs 100 on non-UPI spend). Accelerated earn: 2 RP per Rs 100 on UPI transactions. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
Issuer page headline: 'No Annual Fees'. Its FAQ says the card 'has only a one-time joining fee applicable; there is no annual fee' and then 'Apply for the lifetime-free RuPay Credit Card now'. No joining fee amount is given on the page. Issuer MITC fee table prints Rs 10,000 against this card. Joining fee left null; confirm at application.
Rewards
Welcome benefitunverified
None
Reward currency
Reward Points
Base earn
1 RP per Rs 100 on non-UPI spend
Base returnunverified
0.35%
Point valueunverified
Non-cash redemption (excluding airmiles) 1 RP = Rs 0.60 from 15 Dec 2024 (issuer page). Cash credit value not on page; aggregator: Rs 0.35
Accelerated earn
2 RP per Rs 100 on UPI transactions
Caps
RP earned only on spends up to the assigned credit limit in each statement cycle; cash credit redemption max 2,500 RP per calendar month (effective 1 Sep 2024)
Spends that earn nothing
0.70 RP per Rs 100 on select merchant categories, UPI and non-UPI (category list not on page); no RP on fuel
Reward notes
base_return_pct = 1 RP per Rs 100 x Rs 0.35 aggregator cash value (not issuer-stated, so not recomputed); 0.7% on UPI. At the issuer-stated non-cash value of Rs 0.60 the base is 0.6% and UPI 1.2%.
Transfers
Partners
Singapore KrisFlyer
Ratiounverified
400 RP = 100 KrisFlyer miles (Card Insider)
Travel and perks
Domestic loungeunverified
None
International loungeunverified
None
Forex markup
3.5%
Fuel surcharge waiver
1% waiver at any petrol pump in India; MITC: 1% + GST fee above Rs 30,000 fuel spend per cycle
Other freebies
Travel insurance worth Rs 2.25 lakh: lost baggage up to Rs 1 lakh, passport loss Rs 50,000, delayed baggage, lost ticket and missed connection Rs 25,000 each; Total Protect fraud cover up to the credit limit; UPI with biometric authentication
Charges and eligibility
Interest per month
3.95%
Late payment fee
By outstanding balance (from 15 Jun 2026): up to Rs 100 nil; 101-500 Rs 100; 501-1,000 Rs 500; 1,001-5,000 Rs 600; 5,001-10,000 Rs 750; 10,001-25,000 Rs 900; 25,001-50,000 Rs 1,100; above 50,000 Rs 1,300
Cash advance fee
2.5% min Rs 300
Fine-print notes
Issuer product page read as plain text on 2026-10-12; fields updated from it. Forex markup 3.5% confirmed on page. Poonawalla Fincorp eLITE RuPay cards were upgraded into this card effective 5 Oct 2025. Page says nothing on lounges, welcome benefit, cash value per point or the KrisFlyer ratio. CONFLICTS (issuer page used; old value and source): joining_fee: old 0 ('issuer site labels it Lifetime Free'); page FAQ says a one-time joining fee applies, amount not given, while also calling the card lifetime-free; MITC prints Rs 10,000 | reward_exclusions: old 'No RP on utilities, government, insurance, education, fuel, rent' (Card Insider); page says 0.70 RP per Rs 100 on select categories and none on fuel. Earlier non-issuer data not found on the issuer page (unconfirmed): fuel waiver capped at Rs 40 per month (Card Insider). Issuer MITC surcharges: 1% + GST on utility spend above Rs 25,000/cycle, wallet loads above Rs 20,000/cycle, education via third-party apps above Rs 45,000/cycle, transport MCCs above Rs 40,000/cycle; reward redemption fee Rs 149 (cash) / Rs 100 (other).
Questions
What is the annual fee of the IndusInd Platinum RuPay Credit Card?
No annual fee.
Does the IndusInd Platinum RuPay Credit Card give airport lounge access?
No lounge access is listed for this card.
What is the forex markup on the IndusInd Platinum RuPay Credit Card?
3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the IndusInd Platinum RuPay Credit Card?
0.70 RP per Rs 100 on select merchant categories, UPI and non-UPI (category list not on page); no RP on fuel