IndusInd Bank Payback Credit Card

The IndusInd Bank PAYBACK Credit Card is a versatile financial tool designed to provide cardholders with rewarding experiences and benefits. This credit card offers a range of advantages, including a generous welcome offer of 1,000 PAYBACK points upon paying the joining fee. Cardholders can earn PAYBACK points on various transactions, such as grocery shopping, dining out, movie tickets, and more, making it a rewarding choice for everyday expenses. Additionally, users enjoy complimentary Future Privilege Membership for discounts at popular retail stores. The card also provides fuel surcharge waivers, round-the-clock concierge services, and personal air accident insurance coverage, enhancing both convenience and security. The IndusInd Bank PAYBACK Credit Card presents a well-rounded financial solution, blending an extensive rewards program and exclusive lifestyle perks. Ideal for individuals who prioritize both value and convenience in their credit card usage, it offers a seamless and rewarding experience.

Key Highlights of IndusInd Bank Payback Credit Card:

  1. Receive 1,000 PAYBACK points as a welcome gift upon payment of the credit card’s joining fee.
  2. Earn 5 PAYBACK points for every Rs.100 spent on dining.
  3. Enjoy a 1% fuel surcharge waiver for transactions ranging from Rs.400 to Rs.4,000.

Features and Benefits of IndusInd Bank Payback Credit Card

Check out the perks and advantages of the IndusInd Bank PAYBACK Credit Card, neatly organized into bullet points:

1. Welcome Offer: 1,000 PAYBACK points upon payment of the joining fee.

2. Future Privilege Membership: Complimentary membership for up to 10% discounts at Big Bazaar, Central, FBB, and more.

3. Earn PAYBACK Points:

  • 5 PAYBACK points for every Rs.100 spent on grocery, dining, or shopping.
  • Receive 20 PAYBACK points for each Rs.100 used on movie tickets.
  • 2 PAYBACK points for every Rs.100 spent on other purchases.

4. Bonus PAYBACK Points:

  • Invest Rs.20,000 every month and receive an extra 500 PAYBACK points as a bonus.
  • Spend Rs.2 lakhs annually to earn 4,000 PAYBACK points.

5. Fuel Surcharge Waiver: No fuel surcharge fee for transactions between Rs.400 & Rs.4,000 at any petrol pump in India.

6. Concierge Service: Complimentary 24/7 concierge service for hotel reservations, flight bookings, gift sending, and more.

7. Auto Assist: Available in select cities (Mumbai, Delhi, Kolkata, Chennai, Bangalore, Pune) for roadside assistance, including repair service, emergency fuel supply, flat tire change, battery service, towing assistance, accidental management, and medical aid.
Personal Air Accident Insurance: Complimentary insurance cover of up to Rs. 25 lakh for cardholders.

IndusInd Bank Payback Credit Card Fees and Charges

1. Fees:

  • Joining Fee: Rs. 249
  • Annual Fee: NIL
  • Add-on Credit Card Fee: NIL

2. Interest:

  • Monthly Interest: 3.83%
  • Annual Interest: 46%

3. Transaction Fees:

  • Cash Advance Fee: 2.5% of the transaction amount, with a minimum of Rs. 300
  • Overlimit Charges: 2.5% of the overlimit amount or Rs. 500

4. Late Payment Charges:

  • Up to Rs. 100: NIL
  • Rs. 101 to Rs. 500: Rs. 100
  • Rs. 501 to Rs. 1,000: Rs. 350
  • Rs. 1,001 to Rs. 10,000: Rs. 550
  • Rs. 10,001 to Rs. 25,000: Rs. 800
  • Rs. 25,001 to Rs. 50,000: Rs. 1,100
  • More than Rs. 50,000: Rs. 1,300

5. Other Charges:

  • Returned Cheque Fee: Rs. 250
  • Balance Enquiry Charge at Other Bank ATMs: Rs. 25
  • Foreign Currency Mark-up Fee: 3.5%
  • Fee for Cash Payment at IndusInd Bank Branch: Rs. 100
  • Request for Duplicate Statement: Rs. 100 per statement (for statements over the last 3 months)
  • Re-issue/Replacement of Credit Card: Rs. 100
  • Charge-slip Request: Rs. 300
  • Priority Pass Lounges: Up to $27 per person for every visit
  • Machine Surcharge at ATMs: Enquire with IndusInd Bank
  • Railway Booking Surcharge: As applicable
  • GST: As announced by the Ministry of Finance, Government of India

Eligibility criteria for the IndusInd Bank Payback Credit Card

  1. Age Requirement: Applicants should fall within the age range of 21 years to 60 years.
  2. Indian Resident: Applicants must reside within the borders of India.
  3. No Loan Defaults: Applicants should not have a history of loan defaults.

Documents Required for IndusInd Bank Payback Credit Card

1. Identity Proof (Any 1):

  • Passport
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Driving Licence
  • Photo Credit Card
  • Central and State Govt. issued Photo ID Proof
  • Defence ID Card
  • And other government-issued photo ID proofs.

2. Residence Proof (Any 1):

  • Aadhaar Card
  • Ration Card
  • Passport
  • Bank Account Statement
  • Voter’s ID Card
  • Letter from any recognized public authority
  • Telephone Bill
  • Electricity bills from the past three months.
  • Water Bill (not more than 3 months old)
  • And other acceptable residence proof documents.

3. Income Proof (Any 1):

  • Salary Slips (not more than 3 months old)
  • Recent bank records, no older than three months.
  • Income Tax Returns (ITR)
  • Form-16
  • And other valid income proof documents.

How to apply for IndusInd Bank Payback Credit Card

  1. Visit the Official Website: Go to the official website of IndusInd Bank.
  2. Navigate to Credit Cards: Search for the section labeled either “Credit Cards” or “Apply for a Credit Card” on the website. Click on it.
  3. Explore Card Options: Browse through the available credit card options and locate the “IndusInd Bank PAYBACK Credit Card” among the choices.
  4. Review Card Details: Click on the card to view its features, benefits, fees, and eligibility criteria. Ensure that it meets your requirements.
  5. Initiate the Application: Once you’ve decided to apply for the card, look for an “Apply Now” or “Apply Online” button, and click on it.
  6. Provide Personal Information: You’ll be asked to provide personal information such as your name, contact details, date of birth, and PAN card number. Fill in these details accurately.
  7. Income and Employment Information: Please provide the necessary information regarding your income and employment. This should encompass your yearly earnings, your employment status (whether salaried or self-employed), and the name of your employer (if applicable).
  8. Upload Documents: You will likely need to upload scanned copies of documents such as your PAN card, Aadhaar card, photographs, income proof (salary slips, bank statements, or ITR), and address proof (such as Aadhaar card or utility bills).
  9. Review and Submit: Thoroughly examine the details you’ve provided and double-check the documents you’ve submitted for accuracy. Make any necessary corrections.
  10. Submit the Application: After reviewing and confirming your application, submit it online.
  11. Application Processing: The bank will process your application, which may involve a credit check and verification of the documents provided.
  12. Application Status: You can track the status of your application online through the bank’s website or by contacting the bank’s customer service.
  13. Receive the Card: Once your application gets the green light, IndusInd Bank will send out your PAYBACK Credit Card to the address you’ve registered with them.

Frequently Asked Questions (FAQs) –

Q1: What is the IndusInd Bank Payback Credit Card?

The IndusInd Bank Payback Credit Card is a unique collaboration between IndusInd Bank and the Payback loyalty program. This card brings forth a plethora of advantages and perks for its users, ensuring a rewarding experience with every transaction. It allows cardholders to earn points on their everyday transactions, which can be redeemed for a variety of rewards.

Q2: How do I earn points with the Payback Credit Card?

You can earn points on your Payback Credit Card through regular purchases. The card offers accelerated points on specific categories, and you can accumulate these points to redeem for vouchers, merchandise, or other rewards available in the Payback program.

Q3: What are the key features of the IndusInd Bank Payback Credit Card?

The key features of the Payback Credit Card include:

  • Earn points on every transaction.
  • Accelerated rewards on select spending categories.
  • Redeem points for a variety of rewards through the Payback program.
  • Complimentary airport lounge access.
  • Exclusive discounts and offers at partner merchants.

Q4: How can I redeem the points earned on my Payback Credit Card?

You can redeem your Payback points through the Payback website or mobile app. The redemption options include vouchers, merchandise, and other exciting rewards available in the Payback catalog.

Q5: Is there an annual fee for the IndusInd Bank Payback Credit Card?

The annual fee for the Payback Credit Card may vary, and it is advisable to check the latest fee structure on the official IndusInd Bank website or by contacting the customer service.

Q6: Can I get additional cards for family members with my Payback Credit Card?

Certainly! IndusInd Bank frequently grants primary cardholders the opportunity to acquire supplementary cards for their family members. This way, family members can enjoy the benefits of the Payback Credit Card while contributing to the primary cardholder’s rewards.

Q7: How do I check my Payback points balance?

You can check your Payback points balance through the Payback website, mobile app, or by contacting the IndusInd Bank customer service. Typically, your points balance is also mentioned on your credit card statement.

Q8: What security features are provided with the Payback Credit Card?

IndusInd Bank employs various security features on the Payback Credit Card, including EMV chip technology, one-time passwords (OTP) for online transactions, and 3D Secure authentication to ensure the safety of your card.

Q9: Can I convert my Payback points into cash?

Typically, Payback points do not have a direct cash conversion option available. However, you can use your points to redeem vouchers, merchandise, or other rewards available in the Payback program.

Q10: How can I apply for the IndusInd Bank Payback Credit Card?

You have two options to apply for the Payback Credit Card: online via the official IndusInd Bank website or in person at a nearby branch. The application procedure usually entails completing an online form and furnishing the necessary documents.