By Divya Shokeen
Updated On September 28, 2021

IndusInd Bank in partnership with PAYBACK launched IndusInd Bank Payback Credit Card which lets you earn payback points on every spend. It’s a highly rewarding credit card that comes with 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 and benefits of the card.

IndusInd Bank Payback Credit Card

Best Suited For

Movies | Shopping |

Joining Fee

Rs. 249 + GST

Reward Type

Reward Points |

Product Details

  • Get 1,000 Payback points as welcome benefits.
  • Get complimentary access to PAYBACK Plus membership.
  • 20 Payback points on every Rs. 100 spent on movies.
  • 5 Payback points on every Rs. 100 spent on dining, groceries, and shopping.
  • 2 Payback points for every other spend 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

Get 1,000 PAYBACK points on payment of joining fee.

Movie & Dining

NA

Rewards Rate

For every Rs. 100 spent, you get 20 PAYBACK Points on movies, 5 PAYBACK Points on dining, groceries & shopping and 2 PAYBACK Points elsewhere.

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

You won’t be liable for any fraudulent transactions made on your card if you report the loss to the bank within 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 international transactions

Interest Rates

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

Fuel Surcharge

Avail 1% fuel surcharge waiver at all petrol pumps in India on transactions between Rs. 400 – Rs. 4000.

Cash Advance Charge

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

Add-on Card Fee

Nil

Welcome benefits:

  • As welcome benefits, the IndusInd Bank Payback Credit Card allows you to earn 1,000 PAYBACK points on payment of the joining fee.
  • You also 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 on every Rs. 100 spent on movie tickets bookings.
  • You can earn 5 PAYBACK points on every Rs. 100 spent on dining.
  • You can earn 5 PAYBACK points on every 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.
  • You don’t earn any PAYBACK Points on fuel transactions.

Milestone Benefits:

  • The IndusInd Bank Payback Credit Card allows you to earn 500 Payback Points on spending 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 covers 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 are looking for 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. On fuel transactions between Rs. 400 to Rs. 4000, you can avail a 1% 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 movies and dining. You can earn 20 payback points on every Rs. 100 spent on movie tickets and 5 payback points on every Rs. 100 spent on dining.

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

The joining of this IndusInd Bank Payback Credit Card is Rs. 249 plus GST. There is no annual 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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