Platinum Master Credit Card
IndusInd Bank
last updated: Nov 21, 2025
₹999
₹999
1.99%
6 visits/yr
Contents
A travel-and-lifestyle focused Mastercard from IndusInd Bank offering attractive reward earnings, fuel surcharge waivers and select lounge access. The card is built for frequent diners and shoppers who want flexible redemptions and milestone bonuses. Low forex markup and contactless payments make it convenient for domestic and international spend.
Features of Platinum Master Credit Card which makes it unique
Smart EMI
Instant EMI conversion at checkout
Flexible repayment
Faster than peers
Spend Analyzer
Track monthly expenses by category
Better budgeting
AI-based insights
Rewards Structure of Platinum Master Credit Card
Dining
acceleratedRestaurants only
Higher earn rate for dining transactions
Shopping
baseAll merchants
Standard base earn rate on retail spend
Other
baseAll other transactions
Reward accrual per IndusInd reward program
Milestones of Platinum Master Credit Card
Quarterly Milestone
₹50,000 : ₹500 cashback
Annual Milestone
₹2,00,000 : Free flight ticket (selected routes)
Fees & Charges of Platinum Master Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹999 |
| Annual Fee | ₹999 |
| Forex Markup Fee | 1.99% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹750 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 2% |
Renewal Conditions:Waived on ₹1,00,000 annual spend
Fee Explanation Standard bank rates and applicable taxes apply for overdue amounts and other charges.
Lounge Access Benefits with Platinum Master Credit Card
domestic Lounges
platinumVisits per year: 4
Guest access: No
Subject to Mastercard lounge program terms and cardholder level eligibility
international Lounges
platinumVisits per year: 2
Guest access: Yes
Via Mastercard lounge partners; terms apply
Insurance Coverage with Platinum Master Credit Card
Travel Insurance
₹10,00,000Valid on international trips as per policy terms
Purchase Protection
₹50,000Claims within 90 days of purchase
Additional Features of Platinum Master Credit Card
Contactless Payments
Tap and pay enabled
Add-on Cards
Up to 3 free add-on cards
Welcome Bonus with Platinum Master Credit Card
Welcome Bonus: 10,000 reward points
Bonus Conditions: Bonus credited after ₹20,000 spend within 90 days of card issuance; valid for new cardholders only.
Application Process for Platinum Master Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Available
Step-by-Step Process
Apply online via IndusInd Bank portal or authorised partner
Complete KYC: upload PAN and Aadhaar
Video KYC or verification call may be conducted
Card dispatched within 5–7 business days after approval
Required Documents for Platinum Master Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Platinum Master Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally where Mastercard is accepted
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Platinum Master Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹30,000
Minimum annual income
Self-Employed Applicants
₹40,000
Minimum annual income
Who Can Apply
Important Conditions
- Customer must have a valid PAN and Aadhaar card as KYC.
How Approval Is Decided
- Minimum income ₹30,000/month (salaried)
- Indian resident with valid KYC
- Credit score typically above 700
Pros of Platinum Master Credit Card
- Strong reward structure for dining and shopping
- Complimentary lounge visits
- Good milestone bonuses for high spenders
Cons of Platinum Master Credit Card
- Annual fee can be high for low spenders
- Limited merchant-specific offers outside dining
Frequently Asked Questions about Platinum Master Credit Card
Is there a joining fee?
Yes, ₹999. The joining fee may be waived on meeting the first-year spend condition.
How do I earn the welcome bonus?
Welcome bonus is credited after you complete the qualifying spend (₹20,000) within 90 days of card issuance.
What are the annual fee waiver conditions?
Annual fee is waived if you spend ₹1,00,000 or more in a membership year.
Does the card offer airport lounge access?
Yes — select lounge visits are available under the Mastercard lounge program; access is subject to terms and cardholder eligibility.
What is the reward points earn rate?
Reward rates vary by category — example: Dining 5 pts/₹100, Shopping 2 pts/₹100, Other 1.5 pts/₹150 as per the IndusInd rewards programme.
Are fuel surcharge waivers available?
Yes — a waiver on fuel surcharge at designated petrol pumps is included, subject to bank terms.
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