M16S / IndusInd Bank / Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card
entry · cobrand, rewards, upi
Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card
IndusInd Bank · with Poonawalla FincorpRuPayLast checked 12 Oct 2026closed to new applicants
Accelerated earn: 2.5 RP per Rs 100 on e-commerce transactions. Lounge visits in India: RuPay exclusive lounge at Delhi T3 (access policy behind a link). Read from the issuer's own documents on 12 Oct 2026.
Card design: indusind.bank.in
Annual fee
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Fee waived at
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Base return
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Forex markup
—
Interest
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Fees
Fee notes
Discontinued. Fees not stated on the product page
Rewards
Reward currency
Reward Points
Base earnunverified
Earn table partly lost in the fetched text. Readable: e-commerce 2.5 RP per Rs 100; 0.5 RP per Rs 100 on the reduced rows (travel and/or select merchant categories) for e-commerce, UPI and point-of-sale. The issuer value chart implies 1 RP per Rs 100 on UPI and point-of-sale spend
Point valueunverified
Not stated; the issuer value chart implies about Rs 0.40 per RP
Accelerated earn
2.5 RP per Rs 100 on e-commerce transactions
Spends that earn nothing
No RP on fuel. Reduced earn on select merchant categories: utility bill payments, insurance premiums, government services/charges, education fees, rent
Points expiry
24 months from the points credit date
Milestone benefits
3,000 bonus RP on spending Rs 4,00,000 or more within one year of card issuance
Reward notes
base_return_pct null: base rate and point value are only implied by the issuer's savings chart (Rs 6,000 a month e-commerce = Rs 720 a year).
Transfers
Partners
Singapore KrisFlyer
Travel and perks
Domestic lounge
RuPay exclusive lounge at Delhi T3 (access policy behind a link)
Fuel surcharge waiver
1% waiver at all fuel stations in India on transactions between Rs 400 and Rs 4,000
Other freebies
BookMyShow buy-one-get-one, one free ticket a month, Rs 200 cap; UPI linkable; Total Protect fraud cover up to the credit limit
Charges and eligibility
Fine-print notes
New entry created from the issuer product page read as plain text on 2026-10-12; no aggregator used. Issuer page marks the card '(Discontinued)': the IndusInd-Poonawalla Fincorp partnership is ending and the card is upgraded to the IndusInd Bank Platinum RuPay Credit Card effective 5 Oct 2025. eLITE and eLITE edge are the same card.
Questions
Does the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card give airport lounge access?
Yes. In India: RuPay exclusive lounge at Delhi T3 (access policy behind a link). Outside India: none listed.
Which spends earn no rewards on the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card?
No RP on fuel. Reduced earn on select merchant categories: utility bill payments, insurance premiums, government services/charges, education fees, rent
