IndusInd Platinum Credit Card Review: Features & Benefits
IndusInd Platinum Credit Card offers reward points on transactions, making it appealing for frequent shoppers and travelers. This review dives into its features, benefits, and potential drawbacks to help you decide if it’s the right card for you.
Rewards Structure
IndusInd Platinum Credit Card rewards users with points for every transaction. Here’s a breakdown:
| Category | Rewards Earned |
|---|---|
| Regular Spend | 1.5 points per Rs. 150 |
| Air Miles/CV Points | 1 point per mile/point |
| Non-cash Redemptions | Re. 0.60 per point |
| Cash Redemptions | Re. 0.40 per point |
The card lags behind competitors like SBI Prime, which offers higher reward rates for various categories. This lower rate (0.40%) may not be ideal for those seeking maximum rewards.
The card lags behind competitors like SBI Cashback Credit Card, which offers higher reward rates for various categories. This lower rate (0.40%) may not be ideal for those seeking maximum rewards.
Key Benefits
The card comes with several perks, including:
- Luxe Gift Cards and vouchers
- Travel insurance coverage
- Fuel surcharge waiver
For more premium benefits, you might also want to check out the ICICI Emeralde Credit Card or Tata Neu HDFC Bank Credit Card.
Welcome Benefits
- Vouchers for top brands such as Amazon, Flipkart, and more
Insurance Coverage
The card provides:
- Rs. 1 Lakh for lost baggage
- Rs. 25,000 for delayed baggage
- Rs. 50,000 for a lost passport
- Rs. 25,000 for a lost ticket
- Rs. 25 Lakh for air accident cover
- Total Protect plan for card loss or theft
If you are looking for more specialized insurance coverage, the Airtel Axis Bank Credit Card also offers strong protection plans.
PARTNER DISCOUND
- Upto Rs 400 Off on Orders Above Rs 2000 on Ajio
- Rs 100 Off on purchase of Food & Beverage on Orders Above Rs 350 on PVR
- Additional 15% Off on Lifestyle on Orders Above Rs 1999
- Get Upto Rs 1000 Off on Flight & Hotel bookings on EaseMyTrip
- Get 15% discount (upto Rs 500) on Orders Above Rs 1500 on EazyDiner
Comparison with Other Cards
Let’s compare IndusInd Platinum with other popular cards like IDFC First Select and SBI Prime:
| Category | Monthly Spend | Savings via IndusInd Platinum | Savings via IDFC First Select | Savings via SBI Prime |
|---|---|---|---|---|
| Travel | Rs. 10,000 | Rs. 40 | Rs. 120 | Rs. 50 |
| Dining | Rs. 10,000 | Rs. 40 | Rs. 60 | Rs. 250 |
| Grocery | Rs. 15,000 | Rs. 60 | Rs. 260 | Rs. 375 |
| Movie Tickets | Rs. 5,000 | Rs. 20 | Rs. 100 | Rs. 125 |
| Retail Purchases | Rs. 10,000 | Rs. 40 | Rs. 200 | Rs. 50 |
| Online Shopping | Rs. 5,000 | Rs. 20 | Rs. 100 | Rs. 25 |
| Departmental Store | Rs. 10,000 | Rs. 40 | Rs. 200 | Rs. 250 |
| Total | Rs. 65,000 | Rs. 260 | Rs. 1,040 | Rs. 1,125 |
Pros & Cons
- Pros: Welcome gift cards and vouchers, decent conversion for InterMiles and CV Points, fuel surcharge waiver.
- Cons: Low reward rate, no travel benefits like lounge access, no milestone benefits.
Who Should Get This Card?
- Those looking for basic benefits
- Frequent travelers preferring mile redemptions
Consider other options like the IDFC First Select or SBI Prime if you want more comprehensive benefits, higher reward rates, or travel perks.
