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CRED IndusInd Bank RuPay Credit Card

CRED, one of India’s most popular platforms for credit card bill payments, has launched its first co-branded card, the CRED IndusInd Bank RuPay Credit Card. The card comes with zero joining fee and rewards users with 5 CRED Points for every ₹100 spent on e-commerce transactions, CRED Travel, and CRED UPI.

The focus of this card is clear: to reward spends made within the CRED ecosystem, a sizeable pool considering how regularly members use CRED for bill payments, vouchers, and other products.

Unlike premium lifestyle cards, this is a straightforward rewards-first offering, designed for users who lean heavily towards online and digital payments. Apart from the standard fuel surcharge waiver, there aren’t additional lifestyle perks, keeping the card proposition simple and focused.

CRED IndusInd Bank RuPay Credit Card

( 4.5 / 5 )
CRED IndusInd Bank RuPay Credit Card
  • Joining FeeNil
  • Annual Fee₹499 + GST
  • Best Suited ForShopping, UPI
  • Reward TypeReward Points

Rewards Rate

5 CRED Points/₹100 for E-commerce Transactions, CRED UPI, and Transactions at CRED Store, CRED Travel, and CRED Pay

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

5 CRED Points/₹100 for E-commerce Transactions, CRED UPI, and Transactions at CRED Store, CRED Travel, and CRED Pay

Reward Redemption

1 CRED Point = ₹1 for Flight and Hotel Bookings Via CRED, CRED Store, and at Various CRED Merchants. 1 CRED Point = ₹0.50 for Bill Payments Via CRED

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    N/A

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    3.5%

    Interest Rates

    Monthly – 3.95%. Annual – 47.40%

    Fuel Surcharge Waiver

    1% Fuel Surcharge Waiver for Transactions Between ₹500 and ₹5,000

    Cash Advance Charges

    2.5% (Minimum ₹300)

    • The CRED IndusInd Bank RuPay Credit Card is the first co-branded offering by CRED, a popular credit card bill payment platform.
    • This card is most suited for e-commerce and UPI transactions.
    • Cardholders shall earn 5 CRED Points/₹100 spent for e-commerce transactions, CRED UPI, CRED Store, CRED Pay, and CRED Travel.
    • Even utilities and insurance will be eligible to earn 1 CRED Point for every ₹100 spent.

    Pros

    • This credit card is most suited for UPI transactions via CRED. Cardholders shall earn 5 CRED Points/₹100 for all UPI transactions via CRED.

    Cons

    • While this card rewards international transactions, it does not provide reduced foreign exchange markup charges.

  • Zero Joining Fees

    The CRED IndusInd Bank RuPay Credit Card comes with zero joining charges. There is an annual charge of ₹499 + GST applicable from the second year onwards, but there are no charges for the first year of card membership.

    Reward Rate

    • Earn 5 CRED Points/₹100 spent for e-commerce transactions.
    • Earn 5 CRED Points/₹100 for CRED Travel, CRED Pay, and CRED Store transactions.
    • Earn 5 CRED Points/₹100 for UPI transactions with CRED UPI.
    • There is a total capping of 5,000 CRED Points for all categories, offering an accelerated reward rate of 5 CRED Points/₹100 spent.
    • Earn 1 CRED Point/₹100 spent for CRED UPI Scan & Pay transactions
    • Earn 1 CRED Point/₹100 spent for utilities and insurance via CRED.
    • All other eligible transactions, including international transactions, shall earn 1 CRED Point/₹100 spent.

    CRED Points shall be valid for a period of 24 months.

    Reward Earning Exclusions

    No CRED Points will be awarded for school and education services, government institutions, wallet loads, rent, jewellery, fuel, and quasi-cash or cash withdrawals.

    Reward Rate Redemption

    • 1 CRED Point = ₹1 on Flights and Hotels booked via CRED, CRED Store, and select CRED Pay merchants.
    • 1 CRED Point = ₹0.50 on Bill Payments through CRED.
    • CRED Points can only be redeemed within the CRED ecosystem.

    CRED IndusInd RuPay Credit Card Features

    Bottom Line

    Quite frankly, the CRED IndusInd Bank RuPay Credit Card falls short of the expectations one would have from a big brand like CRED. This might be because CRED is also preparing to launch its upcoming super-premium Sovereign Credit Card, which is expected to pack far more value.

    The CRED IndusInd RuPay Card is a simple, straightforward product that offers up to 5% returns on spends made via CRED Travel, CRED Pay, CRED UPI, and e-commerce transactions. However, there’s a catch, this 5% reward rate can only be unlocked if you redeem your CRED Points for flights and hotels on CRED. Other redemption options deliver a noticeably lower value.

    While the card does earn CRED Points on international transactions, the foreign exchange markup remains high, making it less appealing for overseas usage compared to other credit cards. On top of that, although the joining fee is nil, a ₹499 + GST annual fee applies from the second year onwards.

    With no additional lifestyle perks, the CRED IndusInd Bank RuPay Credit Card is best suited for beginners starting their credit journey or for those who frequently use CRED UPI. For others, this card offers limited value.

    FAQs:

    No, there are no joining fees with the CRED IndusInd RuPay Credit Card, but there are annual charges of ₹499 + GST from the second year onwards.

    No, the CRED IndusInd RuPay Credit Card does not offer any airport lounge access benefits.

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