IndusInd Bank Platinum Credit Card 2024 Highlights, Benefits, Features, Fees, Charges, Age, Eligibility Criteria, Pros & Cons

IndusInd Bank Platinum Credit Card 2024 Are you a young individual looking to maximize your financial opportunities in 2024? The IndusInd Bank Platinum Credit Card might just be the key to unlocking a world of exclusive benefits and privileges tailored to suit your dynamic lifestyle. In this detailed guide, we will delve into the features and perks that come with this credit card, helping you make an informed decision on whether it aligns with your financial goals. Stay ahead of the curve and explore how the IndusInd Bank Platinum Credit Card can elevate your spending experience in the upcoming year.

IndusInd Bank Platinum Credit Card Key Highlights

  • Exclusive benefits such as golf lessons, concierge services, and more are part of the premium lifestyle package.
  • TTop-notch travel perks and fuel advantages.

Benefits and Features

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Sum Assured (up to)

Welcome benefits

  • Get EazyDiner vouchers as a welcome gift.
  • You get access to the Luxe Gift Card.
  • Get a voucher from various brands. Please visit the IndusInd Bank websiet for more information.

Fuel benefits

You can free yourself from surcharge charged on petrol purchases at fuel stations across India with IndusInd Bank’s surcharge waiver facility. The 1% surcharge waiver is applicable on all the fuel transactions worth between Rs.400 and Rs.4,000.

Zero liability on lost or stolen card

In case of loss/theft of card, the bank provides an insurance cover up to 48 hours prior to you reporting the loss of your card to IndusInd Bank.

Personal air accident insurance

Cardholders will get personal air accident cover worth Rs.25 lakh completely free with the card.

Insurance benefits

Lost baggage

Rs.1 lakh

Delayed baggage

Rs.25,000

Loss of passport

Rs.50,000

Lost ticket

Rs.25,000

Missed connection

Rs.25,000

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Pros & Cons

Pros

  • Complimentary vouchers and gift cards as welcome benefit
  • Transfer of rewards into miles at a value of 1RP= 1 InterMile/ CV Point
  • Fuel surcharge waiver across all fuel stations

Cons

  • Low reward rate of 0.40% across all categories
  • No travel benefits like complimentary lounge access
  • No milestone benefits are offered

Credit limit on the IndusInd Bank Platinum Credit Card

The Platinum Credit Card’s credit limit will be determined by IndusInd Bank, taking into account factors such as your income, credit history, and repayment ability. You will be informed of this when the card is issued.

Reward Points on the IndusInd Platinum Credit Card

  • For every Rs.150 spent using the card, you accumulate 1.5 reward points.
  • Reward points are available for all types of purchases except for fuel transactions.

IndusInd Bank Platinum Credit Card Reward Points Redemption

  • Reward points earned can be exchanged for gift vouchers from Indus Moments, Airline Miles, or cash credit.
  • Head to the IndusInd Bank Platinum Card page to avail the reward points.

Fees and Charges

Type of Fee

Amount (Rs.)

Joining fee

Rs.3,000

Annual fee

NIL

Interest charge

3.83% per month

Cash withdrawal charges

2.5% of the withdrawal amount or Rs.300, whichever is higher

Add-on credit card fee

NIL

Late payment charges

  • For outstanding balance up to Rs.100 – NIL
  • For Rs.101 to Rs.500 – Rs.100
  • For Rs.501 to Rs.Rs.1,000 – Rs.350
  • For Rs.1,001 to Rs.10,000 – Rs.550
  • For Rs.10,000 to Rs.25,000 – Rs.800
  • For Rs.25,000 to Rs.50,000 – Rs.1.100
  • Above Rs.50,000 – Rs.1,300

Over limit charges

2.5% of the over limit amount subject to a minimum of Rs.500

Cheque return or bounce charges

Rs.250 per return

Foreign currency mark-up fee

3.5%

Cash payment fee (over the counter)

Rs.100

Re-issue of lost or stolen card

Rs.100

Duplicate statement request charge

Rs.100 per statement (beyond last 3 months)

Eligibility Criteria

Criteria

Details

Occupation

Salaried or Self-employed

Age

21 to 60 years (or till retirement age)

Minimum Income Required

Rs. 20,000 per month

Documents needed to Apply for the IndusInd Bank Platinum Credit Card

To obtain the Platinum credit card, you need to provide proof of income, address, and identity. The specific documents required will be informed to you when you apply for the card.

How to Apply for IndusInd Bank Platinum Credit Card Online

You have the option to apply for the IndusInd Bank Platinum Credit Card either on the official website of IndusInd Bank or through the browvopetshop website by following the provided steps.

  • Enter the information asked for.
  • Once your eligibility is confirmed, you can apply for the card in the next step.
  • Enter all the relevant information, upload documents, and submit them.
  • Utilize the Application ID you receive to monitor your application’s status.

How much you can save via IndusInd Bank Platinum Credit Card?

Here’s a detailed example to help you understand how much you can save via IndusInd Bank Platinum Credit Card. Suppose you have spent Rs. 60,000 in a month as per the following details:

Category

Amount

Rewards/ Savings

Travel

Rs. 15,000

150 RP = Rs. 50

Shopping

Rs. 10,000

100 RP = Rs. 40

Dining

Rs. 10,000

100 RP = Rs. 40

Grocery

Rs. 20,000

200 RP = Rs. 80

Fuel

Rs. 5000

Rs. 40

Total

Rs. 60,000

Rs. 260

Rewards Comparison: IndusInd Platinum Vs. IDFC First Select Vs. SBI Prime

Reap benefits from your transactions by earning rewards. To illustrate, let’s look at an example to see the potential monthly savings with these cards:

Category

Monthly Spend

Savings via IndusInd Platinum

Savings via IDFC First Select*

Savings via SBI Prime

Travel

Rs. 10,000

Rs. 40

Rs. 120

Rs. 50

Dining

Rs. 10,000

Rs. 40

Rs. 60

Rs. 250

Grocery

Rs. 15,000

Rs. 60

Rs. 260

Rs. 375

Movie Tickets

Rs. 5,000

Rs. 20

Rs. 100

Rs. 125

Retail Purchases

Rs. 10,000

Rs. 40

Rs. 200

Rs. 50

Online Shopping

Rs. 5,000

Rs. 20

Rs. 100

Rs. 25

Departmental Store

Rs. 10,000

Rs. 40

Rs. 200

Rs. 250

Total

Rs. 65,000

Rs. 260

Rs. 1,040

Rs. 1,125

IndusInd Platinum, IDFC First Select, and SBI Prime, all credit cards give a decent value For When using the IDFC First Select Credit Card, rewards accumulated from the initial Rs. 25,000 expenditure across the first 3 categories are determined at the standard rate. In contrast, rewards from expenditures in all other categories are calculated at the higher earning rate. The calculation methodology outlined above is predicated on the following assumptions: 1 reward point (RP) from the IDFC First Select and SBI Prime Credit Cards is equivalent to Re. 0.25, while 1 RP from the IndusInd Platinum Credit Card equals Re. 0.40.

IndusInd Bank Platinum Credit Card Images

IndusInd Bank Platinum Credit Card

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