Rupeek Indian Bank Gold Backed
KeepYour gold sets the limit, nobody asks your income, and the card itself costs nothing.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Indian Bank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
2 notes on the card itself: how it is issued · why it ranks #644
Why #644 A credit limit built on pledged gold rather than a salary slip, at no fee at all — a genuinely different door into a credit file. Unranked because Indian Bank and Rupeek have jointly published seven pages about this card and not one word about what it earns.
The take
This is the most unusual card in Indian Bank's range and the only one whose underwriting has nothing to do with your salary. You pledge gold through Rupeek — the fintech that values and custodies it — and Indian Bank sets your credit limit on what the gold is worth. The published eligibility is a single sentence and it is remarkable for what it leaves out: "Age: 21 - 70 years. Anyone with gold is eligible. Credit limit of the card will be decided based on the value of the gold pledged." No income floor, no credit score, no employment test. Limits run from ₹10,000 to ₹50,00,000, which is an extraordinary spread and tells you the gold is doing all the work. The card costs nothing: joining fee zero, annual maintenance charge zero, both printed in the co-brand sheet's own particulars table. A ₹5,00,000 personal accident cover comes with it. Now the two numbers that should slow you down. Interest is 36% a year — 3% a month — after a 45-day interest-free period, and that is DOUBLE what Indian Bank charges on its ordinary Platinum and RuPay cards, which sit at 19.92%. Whatever this card is for, revolving on it is not it. And closing it costs ₹500 if you spent under ₹1,00,000 or held it less than six months, which is an unusual charge and worth knowing before you open one speculatively. What we cannot tell you is what it pays back, because across seven pages Indian Bank and Rupeek have published every charge on this card and not one reward. We will not borrow the rate from the bank's mainstream cards, which are documented separately and priced completely differently. Take this for the limit your gold unlocks and the door it opens into a credit file — not as a rewards card, because on the published evidence it may not be one.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
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 we cannot price either side 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
- Joining fee zero and annual maintenance charge zero, both stated in the co-brand sheet's own particulars table
- "Anyone with gold is eligible" — no income criterion, no credit score, no employment test, ages 21 to 70
- Credit limits from ₹10,000 to ₹50,00,000, set on the value of the gold pledged
- Personal accident cover up to ₹5,00,000
- Cash withdrawal up to 100% of the credit limit, at 0.79% of transaction value at Indian Bank ATMs
Watch out
- Neither Indian Bank nor Rupeek publishes ANY reward or cashback structure for this card — seven pages of charges and not one reward row, so we decline to value it
- 36% a year — 3% a month — after the interest-free period, DOUBLE the 19.92% Indian Bank charges on its Platinum and RuPay Select cards
- Closing the card costs ₹500 if you spent under ₹1,00,000 on it or held it less than six months
- Your gold is pledged: the limit exists because the collateral does, and defaulting puts the collateral at risk
- Neither party publishes a card network for this product, so acceptance and any scheme benefits are unstated
- Fuel surcharge of 1% + GST or ₹10, whichever is higher; card reissue ₹250; over-limit ₹50; late payment ₹250
- EMI conversion is available above ₹2,000 over 3 to 36 months, at charges the sheet does not fully price
- No lounge access is stated anywhere, and none is claimed here
What these points actually fly
Indian Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
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?
income, age and the route in
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 Rupeek rather than a bank branch — the co-brand sheet's own call to action links to rupeek.com, and the flow is a gold valuation first, a credit limit second. Published eligibility is ages 21 to 70 and, in the document's own words, "Anyone with gold is eligible. Credit limit of the card will be decided based on the value of the gold pledged." There is no income criterion, no credit-score floor and no employment requirement published by either party, which makes this one of the few genuinely open doors into a credit file for a self-employed or thin-file applicant who happens to hold gold. Two things to settle before you pledge: what the card actually earns, because nothing is published and you should get the answer in writing; and the closure charge, which is ₹500 unless you spend ₹1,00,000 on the card or hold it at least six months.
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
4 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
FEE PROVENANCE: the co-brand sheet's own particulars table prints "Joining Fee — Zero" and "Annual Maintenance Charges (AMC) — Zero" two rows apart, so BOTH charges are a published zero and the card file carries annualFee 0 alone with no joiningFee (a redundant 0 beside a 0 fails our fee-shape check). Gold-backed: you pledge gold through Rupeek Fintech Pvt Ltd, and Indian Bank sets the limit on its value — published range ₹10,000 to ₹50,00,000. ISSUED BY INDIAN BANK on its own licence: the document's MITC section opens "These Most Important Terms and Conditions apply to Indian Bank and Rupeek co-branded Credit Cards issued by Indian Bank", and its closing note calls the partnership "a revenue sharing model based on co-branded arrangement". EARN IS UNPUBLISHED and the card file records that with its three unpublished earn fields: seven pages covering eligibility, interest, every fee, limits and insurance contain no reward, cashback or point row. The bank's range-wide cashback poster is NOT applied here — Indian Bank documents this card apart from the Visa/RuPay shelf, prices it apart (36% a year against 19.92–23.88%), names it in neither the MITC's AMC list nor its charge schedule, and never joins the two. NO CARD NETWORK IS PUBLISHED by either party, so the card file carries no `networks` key and every surface renders "Not published". Card closure charge ₹500, levied only if spends were under ₹1,00,000 or the card was held under six months. Card reissue ₹250; pin mailer re-issue ₹50 physical, digital free. Fuel surcharge 1% + GST or ₹10, whichever is higher. EMI available on transactions above ₹2,000 over 3 to 36 months. Personal accident cover up to ₹5,00,000 (T&C apply). No lounge access is stated or tagged. Application runs through Rupeek rather than a branch.
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
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 2 of them, each with the day we read it
- official "Rupeek Indian Bank Gold Backed Credit Card" — the co-brand particulars and MITC: joining fee Zero, AMC Zero, 36% a year, limits of ₹10,000 to ₹50,00,000 and the gold-based eligibility
- official Indian Bank's credit-card page — where the Rupeek co-brand is listed and linked, separately from the mainstream Visa and RuPay range