IndusInd Bank Samman RuPay Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Samman RuPay Credit Card is exclusively designed for government sector employees, offering a comprehensive suite of features. Key benefits include the power of UPI for seamless scan & pay transactions, a 1% cashback on retail spends, and complimentary movie tickets. This card stands out for its zero joining fee and a notable nil cash advance fee, providing financial flexibility without incurring additional charges for cash withdrawals. While there is a renewal fee of Rs. 199, it can be waived upon achieving a specific annual spend threshold.

Fees

• Joining Fee: Nil
• Renewal Fee: Rs. 199
• Spend-Based Waiver: The renewal fee can be waived on annual spends of Rs. 75,000 in a year.
• Rewards Redemption Fee: Not Applicable
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.95% Monthly (47.40% Yearly)
• Fuel Surcharge: 1% fuel surcharge on transactions between Rs. 400 to Rs. 4,000.
• Cash Advance Charges: Nil

Rewards

• Cashback Benefit
  • Earn 1% cashback on all retail spends up to ₹ 20,000 in a statement cycle.
  • The maximum cashback that can be earned in a statement cycle is capped at ₹ 200.
  • Cashback earned in the current statement cycle will be credited to your credit card account in the subsequent statement cycle.
  • Spends above ₹ 20,000 will not attract any cashback.
  • Cashback Illustration:
    • Total Spends of ₹ 5,000: Cashback of ₹ 50
    • Total Spends of ₹ 10,000: Cashback of ₹ 100
    • Total Spends of ₹ 15,000: Cashback of ₹ 150
    • Total Spends of ₹ 20,000: Cashback of ₹ 200
    • Total Spends of ₹ 25,000: Cashback of ₹ 200 (capped)
• Entertainment Benefit
  • Get one assured complimentary movie ticket up to ₹ 200 every 6 months in a calendar year via BookMyShow.
  • This means you can avail two complimentary movie tickets each year.
  • Offer is valid in all theatres registered with BookMyShow across all major cities.
  • If the price of the ticket is more than ₹ 200, you will receive a discount of ₹ 200, and the remaining amount will have to be paid using the IndusInd Bank Credit Card.
• Surcharge Waiver Benefit
  • Enjoy a waiver of 1% on fuel surcharge at any petrol pump within India.
    • Estimated monthly savings for ₹ 3,000 fuel usage: ₹ 30
    • Estimated annual savings for ₹ 3,000 fuel usage per month: ₹ 360
  • Enjoy a waiver of 1% on railway surcharge on transactions up to ₹ 5,000 per transaction/booking via www.irctc.co.in & IRCTC App.
    • Estimated annual savings for railway tickets booking of ₹ 5,000 per quarter: ₹ 200
• Travel Insurance Cover
  • IndusInd Bank, in association with The Oriental Insurance Company Limited, provides the following insurance cover:
    • Lost baggage: up to ₹ 1,00,000
    • Delayed baggage: up to ₹ 25,000
    • Loss of passport: up to ₹ 50,000
    • Lost ticket: up to ₹ 25,000
    • Missed connection: up to ₹ 25,000
• Domestic Lounge Access
  • Enjoy RuPay Exclusive Lounge Access at Delhi T3 Terminal once each month.

Rewards Redemption Guide

• For Movie Tickets:
  • Log on to www.bookmyshow.com to book your tickets.
  • The offer provides one assured ticket of Rs. 200 every 6 months.
• For Cashback:
  • Cashback earned in the current statement cycle will be credited automatically to your credit card account in the subsequent statement cycle.
• For UPI Payments:
  • Linking your Samman RuPay Credit Card on UPI:
    • Step 1: Open your UPI app (BHIM, PhonePe, Paytm, Google Pay).
    • Step 2: Select the option "Add Credit Card/Link Credit Card".
    • Step 3: Select Credit Card Issuer Bank (IndusInd Bank).
    • Step 4: Select your IndusInd Bank Samman RuPay Credit Card.
    • Step 5: Proceed to generate UPI PIN.
  • Setting UPI PIN:
    • Step 1: Select Generate PIN option > Select Samman RuPay Credit Card.
    • Step 2: Enter Samman RuPay Credit Card Details: Last 6 digits and Expiry Date. (An OTP will be triggered on your registered mobile number).
    • Step 3: Enter OTP and Set PIN of your choice.
  • Making UPI Payments:
    • Scan Merchant QR Code or enter Merchant UPI ID.
    • Enter Amount to be paid or pay auto-fetched amount.
    • Select Samman RuPay Credit Card from the list of payment options.
    • Enter UPI PIN of your Credit Card & Click Confirm.
    • Transaction status can be seen in Transaction History of your UPI App.

Card Eligibility Criteria

• This credit card is exclusively designed for government sector employees.

Card Review

The IndusInd Bank Samman RuPay Credit Card is specifically tailored for government employees, offering practical benefits for their daily spending. It provides a 1% cashback on retail spends up to ₹ 20,000 per month, capped at ₹ 200, which can amount to annual savings of up to ₹ 2,400. Additionally, cardholders receive two complimentary movie tickets per year (one every six months, up to ₹ 200 each), along with a 1% waiver on fuel and railway surcharges. The card’s ability to link with UPI applications like Google Pay, Paytm, and PhonePe enhances convenience for digital payments. A standout feature is the nil cash advance fee, providing much-needed flexibility for cash withdrawals without extra charges. However, some users might find the overall benefits to be somewhat limited and the monthly cashback cap relatively low compared to other cards.

Pros

• No charges for cash advances, making cash withdrawals easy.
• Receive two free movie tickets in a year.
• Can be linked to UPI applications for convenient mobile payments.
• Domestic lounge access at Delhi T3 Terminal once each month.
• Nil Joining Fee.

Cons

• Overall benefits offered by the card are not extensive.
• The cashback received is relatively low, capped at just Rs. 200 per month.

Important Product Details

• Exclusive credit card for government sector employees.
• Offers UPI scan & pay functionality.
• 1% cashback on all retail spends, capped at ₹ 200 per statement cycle for spends up to ₹ 20,000.
• Get one assured complimentary movie ticket (up to ₹ 200) every 6 months, totaling two per year.
• 1% waiver on railway surcharge for transactions up to ₹ 5,000.
• 1% waiver on fuel surcharge at petrol pumps across India for transactions between ₹ 400 and ₹ 4,000.
• Nil cash advance fee.
• Travel insurance coverage includes lost baggage, delayed baggage, loss of passport, lost ticket, and missed connection.
• Domestic RuPay Exclusive Lounge Access at Delhi T3 Terminal once per month.
• No joining fee.
• Renewal fee of Rs. 199, which can be waived on annual spends of Rs. 75,000.
• Foreign Currency Markup of 3.5%.
• Interest rates are 3.95% monthly (47.40% yearly).

Other Details

• Annual Estimated Savings (Based on Assumptions):
  • Movie Tickets (2 assured complimentary movie tickets in a year at ₹ 200 each): ₹ 400
  • 1% Cashback on all retail spends (assuming ₹ 15,000 retail spends each month): ₹ 1,800
  • 1% Fuel Surcharge (assuming monthly fuel usage of ₹ 3,000): ₹ 360
  • 1% Railway Surcharge Waiver (assuming railway tickets booking of ₹ 5,000 per quarter): ₹ 200
  • Total Estimated Annual Savings: ₹ 2,760