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IndusInd Bank · RuPay

CRED IndusInd Bank RuPay

Earn CRED Reward Points on eligible online and CRED purchases, with ₹1 selected-CRED value or ₹0.50 bill-payment value per point.

CRED IndusInd Bank RuPay Credit Card

Earn

5 points/₹100; 5,000-point/cycle cap

Scan & Pay

1 point/₹100 via CRED only

Value

₹1 selected CRED / ₹0.50 bills per point

Fee

Nil joining; standard ₹499 + tax annual

Accelerated points

5 CRED Reward Points per ₹100 on eligible online/CRED purchases, with a shared 5,000-point accelerated cap per statement cycle. Travel and gift cards outside CRED earn the lower 1-point rate.

CRED payment routes

1 CRED point/₹100 on eligible CRED Scan & Pay, CRED utilities/insurance and other eligible purchases. Minimum transaction ₹100; Scan & Pay outside CRED does not earn under published conditions.

Redemption value

1 point = ₹1 on eligible CRED flights/hotels/store/pay redemptions, or ₹0.50 against card/utility bills. On ₹1 routes only up to 70% of available points can be used per transaction; bill routes permit up to 100% of available points.

CRED IndusInd Bank RuPay: fees & key facts

CRED IndusInd Bank RuPay credit card fees and key facts
Joining and annual feesNil joining fee; standard annual fee ₹499 + applicable taxes per IndusInd MITC. Targeted lifetime-free acquisition offers may waive it; accepted offer controls.
Accelerated rewards5 CRED points/₹100 on eligible e-commerce, CRED Pay/travel/store/gift-card and CRED online-UPI purchases. Shared accelerated cap 5,000 points per statement cycle; minimum transaction ₹100.
Base rewards1 CRED point/₹100 on eligible CRED Scan & Pay, CRED utility/insurance payments and other eligible purchases; international transactions earn 1 point/₹100.
Payment-route restrictionsScan & Pay outside CRED earns no points; utilities/insurance outside CRED earn none. Travel/gift cards outside CRED earn only 1 point/₹100. Bank says the CRED Scan & Pay cap is removed from 11 August; confirm live account terms.
Redemption values1 point = ₹1 on eligible CRED flights/hotels/store/pay; ₹0.50 against card bills and CRED utility bills. Thus 5 points/₹100 equals up to 5% selected-CRED value or 2.5% bill-payment value, before caps.
Redemption limitsBank describes using up to 70% of available points per transaction on ₹1-value routes, and up to 100% of available points on card/utility bills. This is not a promise that points cover 70% of the purchase price.
Expiry and postingPoints normally transfer into CRED 2–3 days after statement generation and expire after 24 months. Live redemption offers remain governed by CRED.
Fuel surcharge1% waiver on qualifying ₹500–₹5,000 fuel transactions under issuer terms. Fuel does not earn reward points; waiver and points are separate.
Reward exclusionsTransport/tolls, fuel, loans/EMI, online education, government, wallet loads, rent and jewellery are excluded; cash/fees and other bank exclusions apply.

Public issuer terms checked 15 October 2026.

Checked issuer product and fee MITC. Headline points value is distinct from cash/bill redemption. Targeted fee-free offers and CRED redemption inventory are account-specific.

IndusInd CRED productIndusInd fee MITC

Who should get it

This card is strongest when you actually redeem within eligible CRED shopping/travel/pay offers. The bank’s 5% points headline is not 5% statement cashback: bill-payment redemption halves each point’s value.

Use CRED for Scan & Pay, utilities and insurance to retain their eligible reward rate. Outside-CRED routes have explicit restrictions, and overseas purchases earn only the published 1% points rate.

The standard published annual fee is ₹499 + tax with nil joining fee; selected targeted lifetime-free offers exist. Treat the accepted offer as authoritative rather than calling every account lifetime free.

Reward exclusions

Transactions that do not earn CRED Reward Points

Eligibility follows the merchant category code and transaction data received by the issuer, so the merchant name alone may not determine whether a transaction earns rewards.

  • Fuel, transport/tolls, loans and EMI
  • Government, online education, rent, wallets and jewellery
  • Scan & Pay outside CRED; utilities and insurance outside CRED
  • Cash/fees and other issuer exclusions

Checked issuer product and fee MITC. Headline points value is distinct from cash/bill redemption. Targeted fee-free offers and CRED redemption inventory are account-specific.

Checked 15 October 2026IndusInd CRED productIndusInd fee MITC

CRED IndusInd Bank RuPay FAQs

Is this a 5% cashback card?

It earns points. Five points per ₹100 can be worth ₹5 on eligible CRED redemption routes, but only ₹2.50 against a card/utility bill at ₹0.50 per point. The accelerated bucket is capped at 5,000 points/cycle.

Can I earn Scan & Pay rewards outside CRED?

No. The bank’s published conditions restrict Scan & Pay rewards to CRED. Utilities and insurance paid outside CRED are also excluded.

Does the 70% limit mean 70% of the bill can be paid in points?

The bank’s wording is up to 70% of available points per transaction on selected CRED routes. It does not promise points can cover 70% of every purchase.

Is it lifetime free?

Standard MITC lists nil joining and ₹499 + tax annual fee. Only targeted accepted lifetime-free offers waive the annual fee.

How long do points last?

CRED Reward Points expire after 24 months; they usually post to CRED 2–3 days after statement generation.

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