IndusInd Bank
RuPay•••• •••• •••• 4242
PhonePe IndusInd Bank Credit Card
PhonePe IndusInd Bank Credit Card
IndusInd Bank
Annual Fee
FREE
Effective Rate
0.00%
Network
RUPAY
Point Value
₹0.00/pt
About PhonePe IndusInd Bank Credit Card
Lifetime free credit card by PhonePe and IndusInd Bank on RuPay network. Up to 3% cashback on PhonePe UPI spends. 1% cashback on all other spends. 5X rewards on PhonePe switch merchants. Fuel surcharge waiver.
Best For
Pros & Cons
thumb_upPros
- check_circleLifetime free — no annual fee ever
thumb_downCons
- cancelForeign transaction fee applies on overseas spends
Reward Earning Structure
Each point is worth ₹0.00 — an effective return of 0.00% on spend.
| Category | Earn Rate | Per ₹10,000 Spent |
|---|---|---|
| All other spends | 3% | 300 pts≈ ₹0 |
| All other spends | 1% | 100 pts≈ ₹0 |
Cashback is credited directly to your statement, reducing your outstanding balance. No redemption required.
Card Benefits
1% Fuel Surcharge Waiver
1% fuel surcharge waiver on fuel transactions.
Fees & Charges
Key fees at a glance. For the complete schedule refer to the official Key Fact Statement (KFS) on the IndusInd Bank website.
| Annual Fee | Lifetime Free |
| Forex Markup | As per issuer schedule |
| Min. Income Required | ₹1,80,000 per year |
| Interest Rate (APR) | Refer to KFS |
| Late Payment Charges | Refer to KFS |
| Cash Advance Fee | Refer to KFS |
Eligibility & Documents Required
Eligibility Criteria
- checkAge: 18–70 years (primary cardholder)
- checkMinimum annual income: ₹1,80,000
- checkCIBIL score: 750+ recommended
- checkEmployment: Salaried or self-employed Indian resident
Documents Required
- descriptionPAN Card (mandatory)
- descriptionAadhaar / Passport / Voter ID (address proof)
- descriptionSalary slips — last 3 months (salaried)
- descriptionLatest ITR or Form 16 (self-employed / salaried)
- descriptionBank statements — last 3 months
- descriptionPassport-size photograph
Frequently Asked Questions
Common questions about PhonePe IndusInd Bank Credit Card.
Ready to apply for PhonePe IndusInd Bank Credit Card?
Apply directly on the IndusInd Bank website. Most decisions within 7–10 working days.
Affiliate disclosure: CreditBrain may earn a referral fee if you apply via our link. This does not affect our editorial independence.