IndusInd Bank Platinum Aura Edge Credit Card – Benefits, Fees & Eligibility

IndusInd Bank Platinum Aura Edge Credit Card

Introduction

The IndusInd Bank Platinum Aura Edge Credit Card, available as both Visa and Mastercard, is a versatile and contactless credit card designed for high-achievers. It offers flexibility through four distinct reward plans (Shop, Home, Travel, and Party) tailored to suit various spending habits, allowing cardholders to earn up to 8X reward points on select merchant categories. Beyond its robust rewards program, the card provides significant benefits such as a 1% fuel surcharge waiver, comprehensive travel insurance, and 'Total Protect' for enhanced security against fraudulent transactions. It is a lifetime free card with no joining or annual charges, making it an attractive option for individuals seeking a feature-rich card that aligns with their lifestyle and helps them maximize savings.

Welcome Benefits

• Vouchagram Discount Vouchers: Enjoy various discount vouchers from multiple brands, including Amazon, Flipkart, Big Bazaar, Zee5, Apollo Pharmacy, Uber, and Ola.
  • Brands are subject to change at the discretion of the Bank & Vouchagram.
  • This welcome gift is applicable only on select fee plans.
• Vouchagram Premium: Access a wider choice of discount vouchers from an extended list of brands.
  • Brands are subject to change at the discretion of the Bank & Vouchagram.
  • This welcome gift is applicable only on select fee plans.

Fees

• Joining Fee: Nil
• Renewal Fee: Nil
• Rewards Redemption Fee: Rs. 100 on every redemption.
• Foreign Currency Markup: 3.5% on all foreign currency transactions.
• Interest Rates: 3.95% per month (47.40% per annum).
• Fuel Surcharge: 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 4,000.
• Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum of Rs. 300.

Rewards

The card offers flexibility to choose from four reward plans that match your lifestyle, enabling you to earn up to 8X Reward Points on select merchant categories. For every ₹100 spent, you can earn savings points, where 1 savings point is equivalent to Re 0.50 or 0.5 airline mile.

• Important Notes on Reward Earning:
  • Effective 1st April 2018, fuel transactions will not accrue reward points on your IndusInd Bank Credit Card.
  • Effective 1st August 2019, the Rewards program was revised for select merchant categories.

Platinum Aura Edge Shop Plan

This plan is designed to help you save on shopping and dining expenses.

• 4 savings points on every Rs 100 spent on:
  • Shopping in departmental stores
• 2 savings points on every Rs 100 spent on:
  • Purchase of consumer durables or electronic items
• 1.5 savings points on every Rs 100 spent on:
  • Restaurant bills
  • Books
• 0.5 savings points on every Rs 100 spent on:
  • All other spends on your card

Platinum Aura Edge Home Plan

This plan provides savings while you shop for your home and manage utility bills.

• 4 savings points on every Rs 100 spent on:
  • Grocery shopping
• 1.4 savings points (effective 1st August 2019) on every Rs 100 spent on:
  • Cellphone bills
  • Electricity bills
  • Insurance premium
• 1.5 savings points on every Rs 100 spent on:
  • Medical spends
• 0.5 savings points on every Rs 100 spent on:
  • All other spends

Platinum Aura Edge Travel Plan

Specifically designed for frequent travelers, earning points on travel-related expenses.

• 4 savings points on every Rs 100 spent on:
  • Hotel expenses
• 2.5 savings points on every Rs 100 spent on:
  • Airline tickets
• 1.5 savings points on every Rs 100 spent on:
  • Car rental expenses
  • Rail tickets
• 0.5 savings points on every Rs 100 spent on:
  • All other spends

Platinum Aura Edge Party Plan

This plan helps you enjoy life to the fullest by earning on dining, entertainment, and shopping.

• 4 savings points on every Rs 100 spent on:
  • Restaurant bills
  • Dining bills
• 2 savings points on every Rs 100 spent on:
  • Shopping in departmental stores
  • Payments in bars and pubs
• 1.5 savings points on every Rs 100 spent on:
  • Movie tickets
• 0.5 savings points on every Rs 100 spent on:
  • All other spends

Rewards Redemption Guide

IndusInd Bank offers ample options to redeem your hard-earned reward points:

• IndusMoments: Redeem points through the IndusMoments platform.
• Pay with Rewards: Utilize your points for direct payments.
• Airline Miles on Krisflyer: Convert your savings points into Krisflyer airline miles.
• Cash Credit: Redeem points as cash credit against your statement balance.
  • Redemption rate: 1 savings point = ₹0.40 for cash credit.
  • Effective 1st September 2024, the maximum reward points allowed for cash redemption will be 2500 per calendar month.
• Discontinuation Notices:
  • Reward Points Redemption towards Club Vistara Airmiles on www.indusmoments.com will be discontinued effective 31st October 2024.
  • Reward Points redemption towards InterMiles for your IndusInd Bank Credit Card will be discontinued effective 21st January 2025.

Card Review

The IndusInd Bank Platinum Aura Edge Credit Card is an excellent entry-level, lifetime-free credit card, particularly suited for individuals who prefer a customized rewards experience. Its unique selling proposition is the flexibility to choose from four distinct reward plans (Shop, Home, Travel, Party), allowing cardholders to maximize savings based on their primary spending categories. This feature, combined with an earning potential of up to 8X reward points, makes it a valuable tool for optimizing everyday expenses.

While it lacks premium travel perks like complimentary lounge access, it compensates with robust insurance benefits including travel insurance, total protect against fraud, and a personal air accident cover. The 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000 adds to its practical utility. As a lifetime free card with no joining or annual charges, it offers significant value without ongoing costs. This card is highly recommended for those looking for a no-fee credit card that offers tailored rewards and strong security features, especially if they are looking to save more on their regular spending.

Important Product Details

• Lifetime Free Card: Comes with zero joining and annual charges.
• Contactless Feature: Enables fast, convenient, and secure purchases by tapping the card at merchant locations that accept contactless payments. It is a chip-based card.
• Flexible Reward Plans: Choose from four distinct reward plans (Shop, Home, Travel, Party) to align with your spending behavior and maximize reward point earnings.
• Accelerated Reward Points: Earn up to 8X reward points on select merchant categories.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000 at all petrol pumps across India.
• Travel Insurance Cover: Provides comprehensive insurance in association with The Oriental Insurance Company Ltd., including:
  • Lost baggage: Up to Rs 1,00,000
  • Delayed baggage: Up to Rs 25,000
  • Loss of passport: Up to Rs 50,000
  • Lost ticket: Up to Rs 25,000
  • Missed connection: Up to Rs 25,000
• Total Protect: Covers against fraudulent use of your card up to the credit limit of your primary and add-on cards. This includes:
  • Unauthorized transactions in case of loss/theft of card: Coverage up to 48 hours prior to reporting the loss.
  • Counterfeit fraud: Insurance against unscrupulous use of stolen card details to produce counterfeit plastic.
• Air Accident Cover: Complimentary personal air accident insurance cover of up to INR 25 lakhs.
• Zero Liability Protection: You will not be responsible for any fraudulent transactions made on a lost/stolen card if the loss is reported to the bank within 48 hours.
• Wide Acceptability: Can be used at over 10 lakh merchant outlets in India and over 30 million outlets worldwide, including online and e-commerce websites.
• No Complimentary Lounge Access: The card does not provide any complimentary airport lounge access (domestic or international).
• No Movie, Dining, Golf benefits: No specific movie, dining, or golf benefits mentioned beyond earning points in those categories.

Other Details

• Credit Limit: The initial credit limit generally ranges between Rs. 30,000 and Rs. 1.5 lakhs. It is determined by factors such as your past payment behavior, credit score, and income. Individuals with an excellent credit score are likely to receive a higher credit limit. You can also apply for a higher credit limit by contacting customer care, via internet banking, or by visiting a nearest branch.
• Card Activation & PIN Generation:
  • Online: Log in to your IndusInd Bank internet banking account (IndusNet) or the IndusInd Bank mobile app (IndusMobile). Navigate to the 'Cards' section to generate your credit card PIN.
  • Customer Care: Contact customer care for assistance with PIN generation or card activation.
• Bill Payment Methods:
  • Internet Banking: Pay your credit card bill by logging into your IndusInd Bank internet banking account.
  • NEFT: Make payments via NEFT from an account in any other bank.
  • Mobile Wallet Apps: Utilize mobile wallet applications like Paytm, PhonePe, etc., for online bill payments.
  • Offline: Visit your nearest IndusInd Bank branch to pay the bill via cash or cheque.
• Product Feature Revision: From 30th November 2021, certain product features on the IndusInd Aura Edge Credit Card were revised.