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CRED IndusInd RuPay Credit Card

IndusInd Bank
|
E-commerce Rewards Shopping UPI

Annual Fee

₹499

Rewards/₹100 ⓘ

₹1.00 - ₹5.00

Normalized to balance base rate with bonus categories

Interest Rate

46.00%

Credit Score

750+

At a Glance

Key Benefits

5% rewards on e-commerce & CRED platform, 1% fuel surcharge waiver, travel insurance, card protection

Lounge Access

No airport lounge access benefits

Eligibility

Age: 18-65 years, Income: Rs 25K+/month, CIBIL: 750+, Invite-only for CRED members

Quick Details

Annual Fee
₹499 #75
Joining Fee
FREE #1
Interest Rate
46.00% p.a. #260
Forex Markup
3.50% #75
Rewards/₹100
₹1.00 - ₹5.00 #49
Reward Type Reward Points
Reward Currency Points
Min Credit Score
750+ #186
Min Monthly Income ₹25
Network RUPAY
Card Replacement Fee 100
Late Payment Fee ₹100
Over Limit Fee ₹500 2.50% (min ₹500)
Cash Advance Fee ₹300 2.50% (min ₹300)
Card Replacement Fee ₹100
Cheque Return Fee ₹250

Reward Structure

Base

All Spends

₹1.00 /₹100
Accel

E-commerce Transactions

₹5.00 /₹100
Accel

CRED Pay

₹5.00 /₹100
Accel

CRED Travel

₹5.00 /₹100
Accel

CRED Store

₹5.00 /₹100
Accel

CRED UPI Spends

₹5.00 /₹100
Cat

UPI Scan & Pay

₹5.00 /₹100
Cat

Utilities via CRED

₹1.00 /₹100
Cat

Insurance via CRED

₹1.00 /₹100
Cat

International Transactions

₹1.00 /₹100

Reward Calculator

₹
Allocate by Category100%
E-commerce Transactions
5.0 pts
20%₹10,000
CRED Pay
5.0 pts
15%₹7,500
CRED Travel
5.0 pts
13%₹6,500
CRED Store
5.0 pts
11%₹5,500
CRED UPI Spends
5.0 pts
10%₹5,000
UPI Scan & Pay
5.0 pts
9%₹4,500
Utilities via CRED
1.0 pts
7%₹3,500
Insurance via CRED
1.0 pts
6%₹3,000
International Transactions
1.0 pts
5%₹2,500
Other Spends
1.0 pts
4%₹2,000
Your Rewards
Points Earned1,385
Cash Value₹1,385
Breakdown
E-commerce Transactions250
CRED Pay250
CRED Travel250
CRED Store250
CRED UPI Spends250
UPI Scan & Pay25
Utilities via CRED35
Insurance via CRED30
International Transactions25
Other Spends20
Total Value₹1,385
Quick amounts:

Milestone Benefits

Welcome Bonus

Instant virtual card activation for immediate CRED platform usage

₹0

value

Insurance Coverage

Personal Accident

₹0

Complimentary personal accident insurance sponsored by IndusInd Bank. Card must be active with qualifying transactions to activate coverage. Coverage only for primary cardholder.

Travel

₹0

Complimentary travel insurance including air accident, travel delay, and lost baggage insurance. Requires ticket booking using the card. Subject to IndusInd Bank policy terms.

Lost Card

₹1,00,000

Card liability cover for unauthorized transactions, counterfeit fraud, or card loss. Coverage up to credit limit for fraudulent transactions reported within 48 hours.

Lifestyle Perks

Fuel

1 /month

1% fuel surcharge waiver on transactions between Rs 500 to Rs 5,000 (max Rs 300 per month)

Other

1

RuPay UPI compatibility - use on PhonePe, Google Pay, etc. (rewards only on CRED platform)

Other

1

CRED Points redemption: 1 point = Rs 1 on flights, hotels, CRED Store, select CRED Pay merchants

Other

1

CRED Points for bill payments: 1 point = Rs 0.5 via CRED app

Other

1

CRED Points validity: 24 months from earning date

Other

1

Zero add-on card fee (subject to availability)

Quick Analysis

The CRED IndusInd RuPay Credit Card is a solid choice for frequent CRED users who shop extensively online. The 5% rewards on e-commerce and CRED platform transactions are excellent, but the invite-only nature and monthly caps limit accessibility. Best suited for CRED power users who can maximize the accelerated rewards within the monthly limits. The Rs 499 annual fee from second year is reasonable given the benefits, but lack of fee waiver and limited lounge access may disappoint premium seekers.

Pros

  • Zero joining fee, first year free
  • 5% rewards on e-commerce, CRED Pay, CRED Travel, CRED Store, CRED UPI
  • High reward redemption value (1 CRED Point = Rs 1 for flights/hotels)
  • RuPay network with UPI compatibility on CRED platform
  • 1% fuel surcharge waiver up to Rs 300 per month
  • Complimentary personal accident and travel insurance
  • Card protection with liability cover
  • Low annual fee of just Rs 499 from second year
  • UPI compatibility on PhonePe, Google Pay (no rewards though)
  • Designed for high-creditworthy CRED members

Cons

  • Invite-only card, not open for public application
  • 5% rewards limited to specific categories with caps
  • Monthly cap of 5,000 points for 5% categories
  • UPI Scan & Pay rewards capped at 500 points per month
  • CRED Points valid only for 24 months
  • Rewards only on CRED platform, limited redemption options
  • Lower value on bill payments (1 point = Rs 0.5)
  • No lounge access benefits
  • No fee waiver option available
  • 3.5% forex markup not competitive for international spends
  • Offline spending earns only 1% rewards

Best For

CRED members, online shoppers, e-commerce enthusiasts, UPI users

Not Ideal For

Non-CRED users, those seeking lounge access, offline spenders, international travelers

Frequently Asked Questions

What is the CRED IndusInd RuPay Credit Card?
The CRED IndusInd Bank RuPay Credit Card is India's first CRED co-branded credit card, launched in September 2025. It is an invite-only premium card designed for high-creditworthy CRED members. The card offers up to 5% rewards on e-commerce, CRED Pay, CRED Travel, CRED Store, and CRED UPI spends, with 1% rewards on all other eligible transactions.
Who is eligible for the CRED IndusInd RuPay Credit Card?
This is an invite-only card available exclusively to CRED members with high credit scores. General eligibility criteria include: Age between 18-65 years, minimum monthly income around Rs 25,000, credit score of 750 or above, and residence in India. The card is not open for public application and requires an invitation from CRED.
What are the joining and annual fees?
The CRED IndusInd RuPay Credit Card has zero joining fee and the first year is completely free. From the second year onwards, an annual fee of Rs 499 plus GST applies. Unfortunately, there is no fee waiver facility available on this card, even with high spending.
How does the CRED Points reward structure work?
You earn 5 CRED Points per Rs 100 spent on e-commerce transactions, CRED Pay, CRED Travel, CRED Store, and CRED UPI spends. All other eligible transactions (including international purchases, utilities via CRED, and insurance via CRED) earn 1 CRED Point per Rs 100 spent. There are monthly caps: maximum 5,000 points for 5% reward categories per statement cycle, and 500 points for UPI Scan & Pay per statement cycle.
What is the value of CRED Points and how can I redeem them?
Each CRED Point is worth Rs 1 when redeemed for flights, hotels, CRED Store purchases, or at select CRED Pay merchants. For bill payments through the CRED app, 1 CRED Point equals Rs 0.5. CRED Points are valid for 24 months from the date of earning and can only be redeemed on the CRED platform.
Can I use this card on UPI apps like PhonePe and Google Pay?
Yes, you can use the CRED IndusInd RuPay Credit Card on non-CRED UPI apps like PhonePe, Google Pay, and others since it is a RuPay card. However, you will NOT earn any CRED reward points on those transactions. CRED Points are only credited when you use the CRED platform to make UPI payments.
What is the fuel surcharge waiver benefit?
The card offers a 1% fuel surcharge waiver on all fuel purchases made across fuel stations in India. This waiver is applicable only for fuel transactions between Rs 500 and Rs 5,000, with a maximum benefit of Rs 300 per month.
What insurance benefits are included with the card?
The CRED IndusInd RuPay Credit Card includes complimentary personal accident and travel insurance sponsored by IndusInd Bank. Benefits include air accident insurance, travel delay coverage, and lost baggage insurance. To activate coverage, you need to make qualifying transactions such as booking tickets with the card. The card also includes liability cover for unauthorized transactions and counterfeit fraud, covering up to your credit limit if reported within 48 hours.
Does this card offer airport lounge access?
No, the CRED IndusInd RuPay Credit Card does not offer complimentary domestic or international airport lounge access. This is one of the limitations of the card compared to premium offerings.
What is the forex markup on international transactions?
The card charges a 3.5% forex markup fee on all international transactions. While you do earn 1 CRED Point per Rs 100 spent on international purchases, the forex markup is not particularly competitive compared to cards with 1-2% markup. The card earns rewards on international spends, but is not ideal for frequent international travelers.
What is the interest rate and interest-free period?
The card offers an interest-free period of up to 50 days on purchases. The annual interest rate (APR) is approximately 46% per annum (3.83% per month), which is typical for IndusInd Bank credit cards. Interest is charged on unpaid balances if the total outstanding amount is not paid by the due date.
What are the monthly reward caps and how do they work?
There are two key monthly caps: (1) Maximum 5,000 CRED Points can be earned at the accelerated 5% rate (on e-commerce, CRED Pay, CRED Travel, CRED Store, CRED UPI) per statement cycle. This means you can earn maximum 5% rewards on Rs 1 lakh spending in these categories. (2) Maximum 500 CRED Points can be earned on UPI Scan & Pay transactions per statement cycle, equivalent to Rs 10,000 spending in this category.
How do I apply for the CRED IndusInd RuPay Credit Card?
This is an invite-only card and cannot be applied for directly. Eligible CRED members receive invitations based on their credit profile and CRED usage. If you are a CRED member with a good credit score (750+) and high creditworthiness, you may receive an invitation through the CRED app. Keep using CRED regularly and maintaining a strong credit profile to increase your chances of receiving an invite.
Is this card better for online or offline spending?
The CRED IndusInd RuPay Credit Card is significantly better for online spending. You earn 5% rewards on e-commerce and CRED platform transactions (subject to monthly caps), making it excellent for online shoppers. However, offline spending earns only 1% rewards, which is modest compared to many other cards. If your spending is heavily offline (fuel, dining, groceries at physical stores), this card may not offer the best value.
Are there any add-on card benefits?
The card offers zero add-on card fee, making it free to add family members to your account. However, specific details about add-on card availability and limits are subject to IndusInd Bank policies. Check with the bank for current add-on card offerings.

User Reviews

Our Rating

4.0
APPLY NOW

on IndusInd Bank's website

Rating Breakdown

Rewards
4.5/5 Top 13%
Benefits
3.8/5 Top 11%
Fees
3.8/5 Top 26%
Value for Money
4.0/5 Top 15%
User Reviews
3.0/5 Top 50%

Important Links

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