IB-RuPay-Platinum
KeepA lounge door the bank confirms and never counts — plus the cheapest interest rate it charges anyone.
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 →
Pays for itself at ₹3,000 a month
At ₹3,000 a month — ₹36,000 a year — on the everyday mix this card returns ₹400 gross (earn ₹400) against its ₹250 fee = ₹100 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 #641
Why #641 Indian Bank does say this card opens a lounge door — "Airport Lounge Access: Yes", in its own per-variant sheet — and then never says how many times. An unquantified door cannot be priced, so it ranks on what IS quantified: 1% into the statement and the lowest interest rate the bank charges anyone.
The take
Start with the lounge, because that is the line this card is bought on and the line most sites get wrong in one direction or the other. Indian Bank's per-variant "Credit Card Features and Benefits" sheet — the document its own credit-card shelf links as "To know more about each card" — reads, for this variant: "Airport Lounge Access: Yes". That is the bank saying it in writing, and it is a deliberate statement rather than boilerplate, because the RuPay Classic block printed on the same page reads "Airport Lounge Access: This card does not include Lounge Access". So the door exists. What does not exist, anywhere Indian Bank publishes, is a NUMBER: no visit count, no per-quarter cap, no operator, no network, no lounge list, and not a single lounge clause in the ten-page MITC. We therefore map no lounges to this card — an entitlement with no quota cannot be put on a map without inventing the quota — and you should turn up at a counter having asked the branch, in writing, exactly how many visits you get. Everything else is Indian Bank's standard proposition on a UPI-capable rail at the bank's lowest interest rate. Nothing to join, first year's maintenance charge free, ₹250 a year afterwards and nothing at all above ₹50,000 of previous-year spend. A flat 1% credited to the same month's statement, halved on rent, utilities, fuel, insurance, jewellery and government payments. Purchases revolve at 1.66% a month — 19.92% a year — the cheapest rate Indian Bank charges on any card and less than half what the private sector charges, with the soft charge column to go with it: ₹50 late fees, ₹25 over-limit, ₹100 to replace the card. The catch is the one that undercuts every RuPay credit card in this range: nothing is paid on UPI transactions below ₹2,000, which is most of what anyone actually scans a QR code for. Above that threshold the full 1% applies.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
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 ₹3,000 a month — ₹36,000 a year — is where this card's value crosses its fee.
At your spend
₹3,000 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹6,000 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹12,000 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹36,000 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹60,000 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
- Airport lounge access, confirmed in writing — Indian Bank's per-variant features sheet reads "Airport Lounge Access: Yes" for this variant, and denies it outright for the Classic below
- 1.66% a month on purchases — 19.92% a year, the lowest rate Indian Bank charges on any card
- No joining fee at all, first year's AMC free, ₹250 a year after that — waived entirely on ₹50,000 of previous-year spend
- A flat 1% credited to the same month's statement on ordinary retail spend
- 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
Watch out
- Lounge access exists but has NO published number: Indian Bank's own per-variant features sheet says "Airport Lounge Access: Yes" for this tier and never says how many visits, at which lounges, or through which operator. Get the quota in writing before you turn up
- NO cashback on UPI transactions below ₹2,000 — on a RuPay card, that is most of the spending it exists to do
- 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
- Rent, utilities, fuel, insurance, jewellery and government spends earn half the headline rate
- No cashback on wallet loads, EMI transactions or ATM withdrawals either
- Cash withdrawals accrue interest at 2.25% a month (27% a year) from the transaction date
- Cashback is statement credit: it reaches no airline, no hotel and no transfer partner
- 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 →
What earns, what doesn't
1 sourced rule
Indian Bank's own rewards sheet prices every variant on one cashback table, and government sits in its half-rate row. Only the government row is asserted here.
- Government / tax · reduced ₹0.50 per ₹100 vs ₹1 per ₹100 — Indian Bank halves the cashback on rent, utilities, fuel, insurance, jewellery and government, in the sheet's own row, and credits it in the same billing month. On this RuPay variant a UPI transaction under ₹2,000 earns nothing at all, by the sheet's own exclusion, so a small municipal bill paid over UPI is a zero. No cap is published on the row
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-Platinum earns and does not earn, 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. This variant and RuPay Select share the same fee, the same waiver, the same earn, the same 1.66% rate and the same unquantified "Airport Lounge Access: Yes", so there is nothing to choose between them on published terms; the features sheet's credit-limit bands are what actually separate them (₹25,001–₹1,99,000 here, ₹2,00,000 and above for Select). Ask the branch to put the LOUNGE QUOTA in writing before you count on it — the bank confirms the access and publishes no visit count, no operator and no lounge list, and a counter that has never heard of the entitlement is the failure mode. A deposit-backed route also exists, against a minimum of ₹25,000 or 90% of a term deposit's face value. After activation, enable online, NFC and international transactions in the card portal; all three ship 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. LOUNGE ACCESS: YES, QUOTA UNPUBLISHED. Indian Bank's per-variant "Credit Card Features and Benefits" sheet - the document its own shelf links as "To know more about each card" - reads "Airport Lounge Access: Yes" for this variant. It is a deliberate per-variant statement, not boilerplate: the RuPay Classic block on the same page reads "Airport Lounge Access: This card does not include Lounge Access". What the bank does NOT publish anywhere is a VISIT COUNT, an operator, a network or a lounge list, and the ten-page MITC has no lounge clause at all - so no cardAccess row is added to data/lounges.yaml. A door with no quota is not a mappable entitlement, and tagging a network here would advertise rooms the card may not open. Get the number in writing from the branch. THE UPI FOOTNOTE: no cashback on UPI transactions below ₹2,000. 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: Indian Bank's own rewards sheet pays ₹1 cashback per ₹100 spent, credited to the same billing month's statement, halved to ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government spends, and nothing at all on wallet loads, EMI, ATM withdrawals or UPI transactions below ₹2,000; no monthly cap is published - and the per-variant features sheet independently grants this variant "1 point valued at Re.1 for every Rs.100 spent", so the two documents agree.
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, and the ONLY document in which the bank writes "Airport Lounge Access: Yes" for this tier
- 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 own rewards sheet — ₹1 cashback per ₹100 spent, ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government, and no cashback on UPI below ₹2,000
- official Indian Bank's credit-card page — the variant shelf, the ₹50,000 AMC-waiver threshold and the RBI default-disabled transaction note