By Divya Shokeen
Updated On August 27, 2022

IndusInd Bank in partnership with PAYBACK launched IndusInd Bank Payback Credit Card which lets you earn payback points for all transactions. It’s a highly rewarding credit card and carries a joining fee as low as Rs. 249 plus GST. It’s a one-time investment card that has touched every aspect of daily requirements from utility bills payment to movies and dining. Moreover, this card has also covered personal air accident insurance and auto assist. It enables you to easily redeem your reward points using IndusInd Bank Payback Credit Card without paying any reward redemption fee. For more details kindly read the given below features & benefits of the card.

IndusInd Bank Payback Credit Card

(3.9/5)

Best Suited For

Movies | Shopping |

Joining Fee

Rs. 249 + GST

Reward Type

Reward Points |

Product Details

  • Get 1,000 Payback points as a welcome gift.
  • Get complimentary access to PAYBACK Plus membership.
  • 20 Payback points per Rs. 100 spent on movies.
  • 5 Payback points per  Rs. 100 spent on dining, groceries, and shopping.
  • 2 Payback points for all spends of Rs. 100.
  • Avail personal air accident insurance cover up to Rs. 25 lakhs.
  • Get complimentary access to auto assist.
  • 1% fuel surcharge waiver.

Rewards and Benefits

Welcome Benefits

1,000 PAYBACK points after paying the joining fee

Movie & Dining

NA

Rewards Rate

20 PAYBACK Points per Rs. 100 spent on movies, 5 PAYBACK Points for groceries,  dining, & shopping, and 2 PAYBACK Points on other spends.

Reward Redemption

Redeem your PAYBACK points against e-vouchers, recharges, buying products from the given catalog, etc. (www.payback.in). 1 PAYBACK Point = Re. 0.25.

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

Covers personal air accident insurance up to Rs. 25 lakhs.

Zero Liability Protection

The cardholder will not be liable for any unauthorized transaction done on the card if the card is reported lost or stolen to the bank in 48 hours.

Fees & Charges

Joining Fee

Rs. 249 + GST

Renewal Fee

Nil

Spend based Waiver

NA

Rewards Redemption Fee

Rs. 100

Rewards Redemption Fee

Rs. 100

Foreign Currency Markup

3.5% on all foreign transactions

Interest Rates

3.83% p.m. (46% p. a.)

Fuel Surcharge

Get 1% fuel surcharge waiver on transactions between Rs. 400 – Rs. 4000 at fuel stations in India.

Cash Advance Charge

2.5% of the advance amount (minimum of Rs. 300)

Add-on Card Fee

Nil

Welcome benefits:

  • As a welcome gift, the IndusInd Bank Payback Credit Card entitles you to earn 1,000 PAYBACK points once the joining fee is paid.
  • You even get a complimentary PAYBACK Plus membership.

IndusInd Bank Payback Credit Card Rewards

  • On the IndusInd Bank Payback Credit Card, you can earn 20 PAYBACK points per Rs. 100 spent on movie tickets bookings.
  • You can earn 5 PAYBACK points per Rs. 100 spent on dining.
  • You can earn 5 PAYBACK points per Rs. 100 spent on groceries and shopping.
  • You can also earn 2 PAYBACK points on every other Rs. 100 spent (on utilities, insurance payments, etc) on this card.
  • No PAYBACK Points for fuel transactions.

Milestone Benefits:

  • The IndusInd Bank Payback Credit Card allows you to earn 500 Payback Points if you spend Rs. 20,000 or more in a month.
  • You can also earn 4000 Payback points on spending Rs. 2,00,000 or above in a year.

Reward redemption:

  • All your collected payback points can be redeemed against e-vouchers, recharges, buying products from the given catalog, etc. (www.payback.in).
  • 1 PAYBACK Point = Re. 0.25.

Insurance benefits:

  • The IndusInd Bank offers personal air accident insurance up to Rs. 25 lakhs on Payback Credit Card.

Other benefits:

  • You get complimentary access to Auto Assist such as roadside repair, emergency fuel supply, emergency towing assistance, and much more.

Conclusion

If you want a credit card that can be easily managed and also be pocket-friendly, then the Payback credit card by IndusInd Bank is the right choice to go for. It generously pays you back in terms of the reward points. For fuel transactions between Rs. 400 to Rs. 4000, you can avail of a 1% waiver on fuel surcharge across all fuel stations in India.

Not to mention, the milestone benefits on the IndusInd Bank Payback Credit Card are highly rewarding as it not only lets you earn payback points every month but on yearly basis too. You can even earn 500 Payback points every month on transactions of Rs. 20,000 and above and 4,000 payback points on yearly spend of Rs. 2,00,000 and above. It offers you auto assist services too. This card offers various benefits and features and one can vouch for it without any hesitations.

FAQs:

Yes, the IndusInd Bank Payback Credit Card does provide benefits on dining and movies. You can earn 20 payback points per Rs. 100 spent on movie tickets and 5 payback points per Rs. 100 spent on dining.

The IndusInd Bank Payback Credit Card charges a 3.83% interest per month.

The joining for the IndusInd Bank Payback Credit Card is Rs. 249 plus GST. There is no renewal fee on this card.

No, the IndusInd Bank does not provide any lounge access on the IndusInd Bank Payback Credit Card.

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