IB-RuPay-Classic
Keep₹250 a year for a UPI rail, no reward programme and a lounge door the bank shuts in writing.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Breaks even only by erasing its fee at ₹5,000 a month
At ₹5,000 a month — ₹60,000 a year — on the everyday mix this card returns ₹0 gross against a fee of ₹0 — the ₹250 is waived, the spend having cleared ₹50,000 a year = ₹0 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #640
Why #640 The one card on Indian Bank's shelf its own per-variant sheet strips twice — no reward points programme and no lounge access, both said in words, while the Platinum and Select blocks beside it get 1 point per ₹100 and a lounge Yes. A ₹250 card that pays nothing needs its ₹50,000 waiver to make any sense at all.
The take
This is the entry rung of Indian Bank's RuPay range, and the bank's own per-variant features sheet takes two things off it that its siblings keep. It says, in words, "Reward Points: This card does not include a reward points program" — and then, on the next line, "Airport Lounge Access: This card does not include Lounge Access." Read those beside the RuPay Platinum and RuPay Select blocks printed on the same page, which both get "1 point valued at Re.1 for every Rs.100 spent" and "Airport Lounge Access: Yes", and the shape of the shelf is obvious: Classic is the stripped rung, and the stripping is deliberate rather than an omission. So what you are buying is a UPI-capable rail and cheap credit. The fee shape is the bank's standard and it is generous — no joining charge on any card, the first year's maintenance charge free, ₹250 a year after that, and nothing at all if the previous year's spend cleared ₹50,000, which is the line that keeps this card defensible now that the earn is gone. The charge sheet is the soft one: ₹50 late fees where the Visa cards pay ₹250, ₹25 to enhance a limit where they pay ₹100, ₹100 to replace the card against ₹250. Purchases revolve at 1.99% a month, 23.88% a year, roughly half the market. Two more things it does not do: the MITC's foreign-currency line for this column reads "NA", so it is a domestic instrument, and nothing in the ten-page MITC mentions a lounge either way. If you can get one, take RuPay Platinum instead — same ₹250, same ₹50,000 waiver, 1.66% a month rather than 1.99%, and the features sheet gives it both of the things it takes off this one.
Your renewal — keep, downgrade or cancel
This card reaches break-even by ERASING its fee, not by out-earning it: the waiver is the decision.
Keep, downgrade or cancel
₹250/yr at stake · 5 spend bands
The charge ₹0 joining, then ₹250/yr
The waiver ₹50,000 of spend in the year before renewal — about ₹4,167 a month — and the renewal fee is not charged.
Break-even ₹5,000 a month — ₹60,000 a year — is where this card's value crosses its fee, and it gets there by erasing the fee at the waiver rather than out-earning it.
At your spend
₹0 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹0 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹0 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹0 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹0 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Indian Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- No joining fee at all, first year's AMC free, ₹250 a year after that — waived entirely on ₹50,000 of previous-year spend
- 1.99% a month on purchases — 23.88% a year, against the 42% most Indian issuers charge
- The soft charge column: ₹50 late fee, ₹25 over-limit, ₹25 cash-advance fee, ₹100 to replace the card
- UPI-linkable, so it can be used at any QR code that accepts RuPay credit
- EMI facility and up to 4 add-on cards, both of which the Bharat card below it does without
Watch out
- NO reward programme: Indian Bank's per-variant features sheet says "This card does not include a reward points program" for this variant, while granting 1 point per ₹100 to the RuPay Platinum and Select blocks beside it
- NO lounge access, and this is the one Indian Bank card where that is a positive denial rather than a silence — the same sheet reads "Airport Lounge Access: This card does not include Lounge Access", against "Airport Lounge Access: Yes" for Platinum and Select
- TWO OFFICIAL DOCUMENTS DISAGREE on the earn, and this is the one to raise at the branch. The bank's Jan-2025 rewards poster promises "Cashback of Rs.1/- for every Rs.100/- spent" on "IB Credit Card" and names no variant; the Dec-2023 features sheet excludes THIS variant by name. We follow the per-variant document — but get the rate confirmed for the Classic in writing before you count on it
- Indian Bank's RuPay Platinum and Select cost the same ₹250 with the same ₹50,000 waiver, charge 1.66% a month instead of 1.99%, and are the two variants the features sheet does NOT strip
- The foreign-currency transaction fee for this column reads "NA" in the MITC — not a zero markup, a card Indian Bank has not priced for overseas use
- Cash withdrawals accrue interest at 2.25% a month (27% a year) from the transaction date
- Online, NFC and international transactions are DISABLED by default — you must switch them on in the card portal
What these points actually fly
No live transfer route takes Statement cashback (₹) into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹50,000 a year is the bar that waives the ₹250 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Indian Bank states what the IB-RuPay-Classic earns, but has not published which spend categories count toward the fee waiver — the ₹50,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Not confirmed on sale — the issuer still documents this card but we could not confirm it is open to new applications. Treat any application path with care.
Through an Indian Bank branch or the credit-card portal at creditcard.indianbank.bank.in. Indian Bank publishes no income criterion, age band or credit-score floor for any consumer variant — the only eligibility number on its card page is the ₹50,000 of annual spend that waives the AMC. Ask for RuPay Platinum or Select rather than Classic if either is on offer, and be specific about why: the fee and the waiver are identical, they revolve at 1.66% a month against this card's 1.99%, and the bank's own features sheet gives them the reward programme and the lounge access it takes off this one. The limit bands are what decide it — the sheet puts Classic at ₹10,000–₹25,000 and Platinum from ₹25,001 — so this is a card you graduate out of rather than one you choose. A deposit-backed route also exists, against a minimum of ₹25,000 or 90% of a term deposit's face value, with the variant assigned by card limit. After activation, enable online, NFC and international transactions in the card portal — Indian Bank ships all three switched off.
Indian Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official Indian Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
FEE PROVENANCE - NO TWO-COLUMN TRAP: Indian Bank states the joining fee in PROSE ("No Joining Fee for primary cardholder and add-on cardholder/s") and the recurring charge in a separate numbered list ("AMC Charges"), so there are no columns to invert. The AMC list reads "1st year free, from 2nd year onwards: Rs.250 p.a." - a separate nil joining line beside a real recurring charge, which is our published-nil rule's renewal-only shape, so the card file carries joiningFee 0 + annualFee 250. Waived outright if the previous year's transaction usage exceeded ₹50,000. This card sits in the schedule's SECOND charge column, "VISA Bharat & RuPay": cash-advance fee ₹25, late fee ₹50, over-limit ₹25, limit enhancement ₹25, cheque return ₹50, card re-issue ₹100, pin mailer ₹25, statement retrieval ₹50, charge-slip retrieval ₹75. THE STRIPPED RUNG: this is the only Indian Bank variant whose features-sheet block is stripped twice, of both the reward programme and the lounge door (see EARN below). RuPay Platinum and Select carry identical fees and a ₹50,000 waiver, revolve at 1.66%/mo against this card's 1.99%, and keep both. Interest-free period 15-45 days on a 20th-to-19th billing cycle with payment due on the 5th; a 5th-of-the-month cycle can be chosen once in the card's life. Surcharges: petrol ₹10 or 2.5% of the transaction, railway tickets ₹10 or 1.80%, whichever is higher. EMI conversion 2% of the converted amount (min ₹199, max ₹1,000) at 18% p.a., with a 3% foreclosure charge. Online, NFC and international transactions are DISABLED by default on every variant per RBI guidance and must be enabled at creditcard.indianbank.bank.in. EARN - NOTHING, AND THE BANK SAYS SO: Indian Bank's per-variant "Credit Card Features and Benefits" sheet, linked from its own card shelf as "To know more about each card", reads for this variant "Reward Points: This card does not include a reward points program", against "1 point valued at Re.1 for every Rs.100 spent" in the RuPay Platinum and RuPay Select blocks printed beside it. The bank's Jan-2025 rewards poster does promise ₹1 cashback per ₹100 on "IB Credit Card" - but it names no variant, and a generic poster does not overturn a per-variant exclusion by being newer. The card file carries a SOURCED rewardRate 0. NO LOUNGE ACCESS, AND HERE IT IS A POSITIVE DENIAL: the same sheet reads "Airport Lounge Access: This card does not include Lounge Access" for this variant, where Platinum and Select both read "Airport Lounge Access: Yes". The MITC itself carries no lounge clause at all. Nothing is tagged.
per the official Indian Bank MITC · reviewed 10 Jul 2026
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Indian Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official Indian Bank's "Credit Card Features and Benefits" sheet — the per-variant block behind this card: Rs.10,000–25,000 limit, 1.99% a month, no reward points programme and no lounge access
- official Indian Bank credit-card MITC — no joining fee on any card, AMC ₹250 a year from year two waived on ₹50,000 of spend, the purchase interest rates and the two charge columns
- official Indian Bank's generic rewards poster — ₹1 cashback per ₹100 on "IB Credit Card", naming no variant, and the document that disagrees with this card's own per-variant exclusion
- official Indian Bank's credit-card page — the variant shelf, the ₹50,000 AMC-waiver threshold and the RBI default-disabled transaction note