Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

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The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card is a free credit card launched by Poonawalla Fincorp and IndusInd Bank. It has no joining or annual fees and is great for people who love shopping and movies. It offers Buy 1 Get 1 Free movie tickets on BookMyShow every month, 1% fuel surcharge waiver, and 3,000 bonus reward points if you spend ₹4 lakhs in a year. You also earn 2.5 reward points for every ₹100 spent on online shopping. Plus, since it’s a RuPay card, you can link it to UPI apps for easy payments.

Compared to other cards, this one gives better rewards than the IndusInd Platinum RuPay Card, while still being free for life. Although the Tata Neu Plus HDFC Card gives more benefits, it charges ₹499 yearly. So, if you’re looking for a zero-fee card with good rewards and useful features, the Poonawalla Fincorp eLITE RuPay Credit Card is a smart and budget-friendly choice.

Credit Card Detail
Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card
Joining Fee
Rs. 0.00 +GST
Renewal Fee
Rs. 0.00 +GST
Best Suited For
Movies | Shopping
Reward Type
Reward Points
Welcome Benefits
N/A
Apply Now
Rewards Rate
You earn 2.5 reward points for every ₹100 you spend on online shopping, and 1 reward point for every ₹100 spent through UPI or by swiping the card at stores.
Reward Redemption
You can use your reward points as cashback, where 1 point equals ₹0.40 added to your card balance.
Movie & Dining
Buy one movie ticket on BookMyShow and get another one free each month, worth up to ₹200.
Travel
N/A
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
The card offers insurance coverage for air accidents, card fraud, and if your card is lost or stolen.
Interest Rates
3.83% per month, which adds up to 46% per year.
Spend-Based Waiver
N/A
Rewards Redemption Fee
N/A
Cash Advance Charges
Nil
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
You get a 1% discount on the fuel surcharge for transactions between ₹400 and ₹4,000 at any petrol station.
Card Details
  • Earn 3000 reward points when you spend ₹4 lakhs in a year.
  • Buy One Get One Free movie tickets on BookMyShow, up to ₹200 per month.
  • 1% discount on the fuel surcharge for transactions between ₹400 and ₹4,000 at any petrol station in India.
  • Total Protect insurance for unauthorized transactions or if your card is lost or stolen.
  • Get 2.5 reward points for every ₹100 spent on online shopping.
  • Earn 1 reward point for every ₹100 spent on UPI payments and POS transactions.
  • Receive 0.5 reward points for ₹100 spent on bills, insurance, government payments, education, and rent.
  • Air accident coverage up to ₹25 lakh.
  • Protection against fraudulent transactions and counterfeit card misuse.
  • Redeem rewards: Convert points to Krisflyer Miles or Club Vistara Points (2:1 ratio), or get statement credit (1 point = ₹0.40).
  • Points are valid for 24 months from when they are earned.
Pros/Cons
Pros
- This is a lifetime-free credit card with no annual fees, making it cost-effective. It can also be easily linked to UPI apps for smooth, hassle-free transactions.
Cons
- This card doesn’t have any dining offers, and the reward rate is not very high.
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Frequently Asked Questions

Are there any restricted transactions for UPI payments using the card?

Yes, payments for peer-to-peer transactions, digital account openings, lending platforms, ATM withdrawals, and certain other activities are not allowed. UPI payments using the card work only with Indian merchants.

Can I link the card with UPI apps?

Yes, you can link the card to UPI apps like Google Pay, BHIM, Paytm, etc., for easy transactions.

Do reward points expire?

Yes, reward points expire 24 months after they’re credited.

Is there a limit on the Buy One Get One Free movie offer?

Yes, you can use the BOGO offer once every month, with a ₹200 limit.

Do I need a UPI Pin for transactions?

Yes, you need to create a UPI Pin for validating UPI transactions, not just the card pin.

What if my phone number changes?

Update your number with IndusInd Bank and re-register the card on your UPI app.

Can I use the linked credit card to pay anyone via UPI?

No, you can only use it for payments to retailers.

Can I scan international QR codes to make payments using my RuPay credit card?

No, you cannot use your RuPay credit card for UPI payments via international QR codes.

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