IndusInd Bank
IndusInd Bank Payback Credit Card
Annual Fee
Lifetime FreeBase Reward
2% points
Foreign Markup
3.5% on all foreign transactions
Welcome Benefits
1,000 PAYBACK points after paying the joining fee
Product Highlights
- 1,000 Payback points as a welcome gift
- Complimentary access to PAYBACK Plus membership
- 20 Payback points per Rs. 100 spent on movies
- 5 Payback points per Rs. 100 spent on dining, groceries, and shopping
- 2 Payback points for all other spends
Category Rewards
grocery
Groceries / Shopping (5X)
5X
shopping
Groceries / Shopping (5X)
5X
dining
Dining (5X)
5X
entertainment
Movie Bookings (20X)
20X
Reward Calculator
Earns ₹3,300/year (net)
Modest gain. Solid hold if you like the perks.
₹19K
across all your buckets
13.2K
PAYBACK Points
₹3.3K
via statement credit · ₹0.25/pt
Effective rate
1.45%
Annual fee
FREE
Year 1 net
+₹3,300
Year 2+ net
+₹3,300
ongoing
Adjust your spend by reward bucket
4 bucketsMilestone Rewards
Bonus rewards unlocked at spend thresholds. Use the slider to see what your spend pattern unlocks.
per month · You spend ≈ ₹50K
500 PAYBACK Points bonus
per year · You spend ≈ ₹6L
4,000 PAYBACK Points bonus
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
20 PAYBACK Points per Rs. 100 spent on movies, 5 PAYBACK Points for groceries, dining, & shopping, and 2 PAYBACK Points on other spends.
- 1 PAYBACK Point = Re. 0.25
Benefits & Features
5 PAYBACK Points for dining
Pros & Cons
Pros
- High reward rate on movies and dining
- No reward redemption fee
- Complimentary PAYBACK Plus membership
Cons
- No lounge access
- No rewards for fuel transactions
Additional Info
Excluded Categories
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
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Fees & Charges
Eligibility
Networks