CRED IndusInd Bank RuPay Credit Card

Card Details

CRED IndusInd Bank RuPay Credit Card
Issuer
IndusInd Bank
Card type
Shopping, UPI
Joining fee
Nil
Annual fee
₹499 + GST (Waived for 1st Year)
Rewards currency
CRED Points

Highlights

  • Earn 5 CRED Points per ₹100 on e-commerce, CRED UPI, CRED Store, CRED Pay, and CRED Travel.
  • Earn 1 CRED Point per ₹100 on utilities, insurance, and other eligible spends.
  • 1 CRED Point = ₹1 when redeemed for flights/hotels via CRED, ₹0.50 for bill payments.
  • Nil joining fee.

Fees & recruitment benefits

  • Joining Fee: Nil.
  • Annual Fee: ₹499 + GST.
  • The card is effectively free for the first year of membership.

Reward earning

Spend categoryEarn rate
E-commerce, CRED UPI, CRED Store, CRED Travel, CRED Pay5 CRED Points / ₹100
Utilities and Insurance via CRED1 CRED Point / ₹100
CRED UPI Scan & Pay1 CRED Point / ₹100
Other eligible spends (incl. international)1 CRED Point / ₹100
  • Capping: A total monthly cap of 5,000 CRED Points applies to the accelerated 5x reward categories.
  • Exclusions: No points on school/education, government services, wallet loads, rent, jewellery, fuel, and cash withdrawals.
  • Validity: CRED Points are valid for 24 months from the date of accumulation.

Reward redemption

  • 1 CRED Point = ₹1 for Flight and Hotel bookings via CRED, CRED Store, and select CRED Pay merchants.
  • 1 CRED Point = ₹0.50 for credit card bill payments through CRED.
  • Points can only be redeemed within the CRED ecosystem.

Additional features

  • Fuel Surcharge Waiver: 1% waiver for transactions between ₹500 and ₹5,000.

Review

The CRED IndusInd RuPay Card is a straightforward product offering up to 5% value-back on CRED ecosystem spends. However, this high rate is only achievable when points are redeemed for travel (flights/hotels) via CRED. For beginners or heavy CRED users, it provides decent value, but lacks broader lifestyle or travel perks like lounge access.