IndusInd Bank Nexxt Credit Card
1 point/full ₹150 eligible spend. ₹0.75 cash credit/point, subject to a 50%-of-balance claim limit. ₹10,000 joining, nil recurring fee.
Try your spend →How this estimate works
The issuer lists one Reward Point per full ₹150 eligible purchase; the estimate repeats one entered ordinary purchase in each of 12 months. Cash credit converts one point to ₹0.75, but the April 2025 issuer update permits at most 50% of the entire points balance in one claim, in addition to a 2,500-point monthly card cap. A 500-point minimum applies to cash redemption. The model makes just one annual cash-credit claim if half of the modeled year’s points meets that minimum, and subtracts the current ₹149+GST redemption fee. Unredeemed points retain potential future value, but are not priced as immediately usable one-year cash. This conservative one-claim model can understate value if later claims are made; conversely, it assumes the user pays the card statement on time and can claim at year end. The bank’s August 2026 MITC lists ₹10,000 joining fee and nil recurring annual fee; this ranking deducts zero recurring card fee but omits the substantial first-year joining charge, which must be considered for a new application. Fuel, utilities and special merchants/payment routes are left unscored because their exact MCC and payment treatment are not established by a generic chip. Weekend, welcome, movie, surcharge and other perks are omitted. Reward points have no scheduled expiry while the account remains open, but eligibility, fees and conversion rules can change.
Issuer terms
Nexxt product and earn rate · Cash conversion · April 2025 50%-balance rule · Minimum and monthly cap · Joining and redemption fees
Terms checked 30 September 2026. First-year joining cost is outside the year-two ranking.