IndusInd Bank Platinum RuPay Credit Card
1 RP/full ₹100 non-UPI at ₹0.35 cash credit; first-year ₹10,000+GST joining basis. No annual fee; the first-year joining fee is not omitted.
Try your spend →How this estimate works
First-year standard joining-fee basis, ordinary non-UPI cash-credit estimate. The current named card gives 1 reward point per ₹100 non-UPI ordinary eligible spend and 2 points per ₹100 UPI, but this model deliberately excludes UPI and special merchant routes. It counts complete ₹100 blocks on one eligible ordinary transaction repeated monthly for twelve months. Fuel earns no points; grocery, utilities, insurance, government, education, rent, wallets and other reduced or special merchant routes are omitted. The issuer limits reward earning to spend up to the assigned credit limit in each statement cycle, so the estimate is conditional on the amount being within that limit. The named page links RuPay cash-credit terms giving ₹0.35 per point and a 2,500-point cash-redemption cap per calendar month. It also links Platinum rewards terms giving a 500-point cash minimum. This scenario makes one annual cash claim: below 500 earned points, cash value is zero; otherwise it uses at most 2,500 points in that one calendar month. Points beyond this one-claim cap are not valued in the scenario, not declared worthless. Multiple claims in other months could redeem more points but incur further charges. One ₹149+18% GST cash-redemption charge is deducted only when worthwhile. The current page FAQ states a one-time joining fee and no annual fee; its linked premium MITC names a standard ₹10,000 joining fee and nil annual fee. This first-year result deducts ₹10,000+18% GST once, not a lifetime-free or renewal-only offer. The issuer says actual fees are conveyed at application, so confirm the quoted fee. Non-cash catalogue value, UPI earn, welcome benefits, fuel surcharge waiver, insurance and other perks are omitted. This is not a valuation of the full card package.
What the cap means
A single annual claim uses at most 2,500 points: ₹875 cash credit, less ₹175.82 claim charge, equals ₹699.18 before the ₹11,800 joining charge. The maximum conditional first-year net in this one-claim ordinary-spend scenario is negative ₹11,100.82. Extra redemption months and UPI are not scored.
Issuer sources
Named card and current fee FAQ · RuPay cash-credit conversion and cap · Linked Platinum redemption minimum · Premium MITC joining and claim charges
Checked 30 September 2026. Ordinary non-UPI only, subject to assigned credit limit. One annual cash claim, 500-point minimum, 2,500-point monthly cap. Standard first-year joining basis, nil renewal disclosed.