Synopsis: CRED and IndusInd Bank have co-branded and gave one of the most rewarding credit cards in the market. The CRED IndusInd Bank RuPay Credit Card is well designed to make the user earn rewards in many aspects of spending. Read below to learn more about this unique card.
The CRED IndusInd Bank RuPay Credit Card is a co-branded reward card that merges the CRED with the comfortable banking experience of IndusInd Bank. This partnership marks CRED’s official entry into issuing credit cards.
The CRED originally entered the market as a platform for credit card bill payments but it has moved ahead into a broader financial step. This card review is bringing all the key details that come with this card, the reward structure, fee and charges, and many more.
CRED IndusInd Bank RuPay Credit card
Benefits:
- 5% return as CRED points on E-commerce spends
- 5% return as CRED points on spends through CRED
- 1% return as CRED points on scan and pay spends made through CRED App
- 1% return as CRED points on insurance and utility bills via CRED app
- 1% fuel surcharge waiver on spending of ₹500 to ₹5000 (capped at ₹300 per billing cycle)
Important Fees & Charges:
How Reward Structure Works:
A comprehensive card review must include how the reward structure actually works. This means, in this generation the rewards are set differently by all the financial entities. Thus learning about their core value and how it is actually added is a must know important point.
- Accelerated 5% as 5 CRED Points per ₹100 on all online/e-commerce sites and CRED app spends. (Capped at 5,000 points per month.)
- 1 CRED Point per ₹100 spent through CRED UPI Scan & Pay. (Capped 500 points per month.)
- 1 CRED Point per ₹100 spent on offline stores and utility/insurance bills through CRED.
- No points are earned on Rent, Fuel, Wallet Loads, Education, or Jewelry.
Redemption Process in Detail
- Redemption is handled exclusively within the CRED App.
- Reward Point Value: 1:1 Ratio (1 Point = ₹1):
- When used for booking flights/hotels via CRED Travel, shopping on CRED Store, or select CRED Pay merchants.
- 2:1 Ratio (1 Point = ₹0.50): When used for Cashback against your credit card bill or utility payments.
How Cashback is Credited? Points are transferred to your CRED account within 2-3 days of your statement generation. You can then apply them at checkout or during bill payment.
Expiry of Points? CRED Points earned on this card are valid for 24 months (2 years) from the date of issuance.
Who Should Get This Card?
After a detailed card review this card is ideal for:
- Those who shop online often and want a flat 5% back across websites rather than being tied to one platform
- UPI Users who want their credit card to be compatible.
- Wise for existing CRED members
- This card is a good starter for those new to to credit card
Conclusion
The CRED IndusInd Bank RuPay Credit Card currently stands out with its reward back structure. After going through the card review, one must know the value back thoroughly. The comfortable design of the app and now combined with a top bank credit card allows users to experience the credit card luxury along with daily UPI convenience.
Though, some of the offers or returns may not be up to the mark for it to be a premium card but the way it is designed makes it ideal for many daily Indian netizens as well as for beginners.
FAQs
A. No, it has zero joining fee, but an annual fee of ₹499 applies from the second year.
A. Yes, it can be linked to any UPI-enabled app.
A. Generally, a score of 750 or above.
Written by Kenbi Riba
