IndusInd Bank Platinum RuPay Credit Card
Gaurav
IndusInd Bank has introduced its first RuPay Credit Card, which offers 2 Reward Points for every Rs. 100 spent on UPI transactions. More banks are now offering RuPay Credit Cards due to the growing popularity of the RuPay network and its easy integration with UPI apps.
The Platinum RuPay Credit Card is a free-for-life card, designed to attract both new and experienced cardholders. It's especially useful for people who often make payments through UPI apps like Google Pay, PhonePe, and Paytm.
With this card, you can earn rewards on every purchase. Keep reading to learn more about its benefits.
Rewards and Benefits
Movie & Dining
N/A
Domestic Lounge Access
N/A
Rewards Rate
You earn 2 Reward Points for every Rs. 100 spent on UPI transactions and 1 Reward Point for every Rs. 100 spent on non-UPI transactions.
Golf
N/A
Travel
N/A
Insurance Benefits
Travel Insurance is Provided
International Lounge Access
N/A
Reward Redemption
1 Reward Point (RP) equals Rs. 0.35. You can also redeem RPs on Indus Moments.
Fees & Charges
Interest Rates
3.83% Monthly (46% Yearly)
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 100
Cash Advance Charges
2.5% of the Total Transaction Amount or Rs. 300 Minimum
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% Fuel Surcharge Waiver (Rs. 40 Monthly & Rs. 480 Annually)
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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