IndusInd PAYBACK Credit Card Review

Indusind Bank offers a special card for their customers in association with PAYBACK named indusind bank payback credit card. It is a low-cost credit card best suited for those who want to earn reward points. This card offers assured indusind rewards points with every transaction, attractive waivers on fuel surcharges, complimentary insurance coverage, and lots more. More about the Indusind payback card details are given below.

How does the indusind bank payback credit card eligibility work?

  • Resident Type: Indian. 
  • IndusInd credit card eligibility criteria for salaried person:
    • Age: 21 to 60 yrs. 
    • Income: Rs.25,000 monthly. 
  • IndusInd bank card eligibility criteria for self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Rs.25,000 monthly. 
  • A CIBIL score of 680+ is needed to apply for this indusind credit card.

What documents are required to apply for an indusind bank card?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recent audited financial report.

What are the indusind payback credit card fees?

  • IndusInd bank card joining fee: Rs.249 + GST
  • IndusInd credit card annual fee: None. 

What are the indusind bank payback credit card benefits?

  • Get started with a huge joining bonus:

With your credit card pin generation, you will receive 1000 PAYBACK points and a complimentary payback plus membership as a welcome gift.

  • Make every transaction rewarding:

The indusind bank credit card payback points are offered like this.

Category of transaction payback rewards for every Rs.100 transaction
Shopping expense 5 payback points
Dining expenses 5 payback points
Movies and entertainment 20 payback points
Other transactions 2 pay back points
Rs.20,000 in a month 500 payback points
Rs.2,00,000 in a year 4000 PAYBACK points
  • Get freedom from fuel surcharges:

This indusind bank credit card offers a 1% waiver on fuel surcharges across all fuel stations in India. You can earn up to Rs.80 waiver in a credit card billing cycle.

  • Complimentary indusind bank credit card insurance coverage:

The indusind credit card offers you air accident insurance of up to Rs.25 lakh, providing you with better protection while traveling.

  • Enjoy assistance from a multilingual concierge team:

This indusind card features a multilingual concierge service facility that can assist you with travel booking, table booking at restaurants, gift delivery, and lots more. You can call the indusind bank credit card customer care number to book your free concierge. 

  • Complimentary lost card liability coverage:

This indusind free credit card features a complimentary lost card liability coverage, which means, if your card ever gets lost or stolen then you just have to report it to the indusind credit card customer care department, and you will no longer be liable for anything bad that may happen to your lost payback card.

What are the indusind credit card charges?

Particulars

Chargeable amount

IndusInd bank credit card cash withdrawal charges 2.5% against the amount, min Rs.300 (check your indusind bank atm withdrawal limit before making a withdrawal)
Indusind payback card finance charge The indusind bank credit card interest rate can go up to3.83% monthly (applicable if your payback card balance is not cleared in time)
Foreign transaction fee 3.5% against the transacted amount
IndusInd card add on credit card fee None

How to contact the indusind credit card customer care department?

  • Call the indusind credit card customer care no: 1860-267-7777 / 022-4406-6666 or 022-4220-7777 (Premium Customers)
  • Write to the indusind credit card customer care email id: indulge.care@indusind.com

100xGain Ratings: 

6.5/10

Pros and cons of the indusind payback credit card:

Pros

Cons

  • The rate of earning indusind rewards is quite impressive.
  • It is an indusind lifetime free credit card.
  • There are no dining or entertainment benefits on this Indusind payback credit card.

Final Opinion:

If you want to earn reward points from your credit card, then this indusind bank free credit card can be the best option for you, it offers assured indusind bank rewards on everyday credit card usage. You can also enjoy some other benefits like concierge service, complimentary credit card insurance coverage, fuel surcharge waiver, etc. which are more than enough at this cost. 

But unfortunately, IndusInd Bank has stopped issuing this payback credit card. Therefore, I would suggest you take a look at the alternative card options given below.

Alternative cards: 

  1. ICICI Platinum Chip Visa Credit Card (Best for reward and dining benefits) 
  2. RBL Platinum ValuePlus SuperCard (Best for cashback and fuel benefits) 
  3. RBL Doctor’s SuperCard (Best for lounge and reward benefits) 
  4. Tata Titanium Card (Best for reward points)   

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