IndusInd Duo
KeepTwo chips, two PINs, one piece of plastic — and a credit card that earns half a percent.
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 from the first rupee
At ₹1,000 a month — ₹12,000 a year — on the everyday mix this card returns ₹100 gross (earn ₹100) against its ₹0 fee = ₹100 net — at or above ₹0 from the first rung we price. 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 #265
Why #265 India's only debit-cum-credit card, and the credit half is a plain 0.5% earner with no lounge and 3.5% abroad. Ranked on the credit half alone, which is the only half this desk models.
IndusInd's own Duo value table prices a Reward Point at ₹0.75 — "Annual value of Reward Points on an average spend of ₹30,000 per month (200*12*0.75) ₹1,800" — a shade under the ₹0.80 house value the IndusInd Reward Points shelf carries. earn.base bakes the small haircut in.
Best real exit: Singapore Airlines KrisFlyer at ₹0.28/pt (4:1 transfer).
The take
The Duo is genuinely one of a kind: a single card with two magnetic stripes, two EMV chips and two PINs, one side drawing on your IndusInd account and the other on a credit limit, chosen by which way round you put it into the machine. As a piece of engineering it is the most interesting card on this board. As a credit card it is ordinary. IndusInd's own value table puts the earn at 200 Reward Points a month on ₹30,000 of spend at ₹0.75 a point — half a percent — plus ₹3,000 of annual movie tickets and the standard 1% fuel-surcharge waiver on the credit side only. There is no lounge access: the MITC names Duo in the list where Priority Pass is not available. The mark-up abroad is 3.5% despite what the product page still says, and cash redemption is now capped at 2,500 points a calendar month with a ₹149 fee attached. Two paid variants exist that the MITC's single Duo row does not price: Duo Plus asks ₹1,500 up front plus ₹799 a year and hands back a ₹1,000 brand voucher, and Duo Premier asks ₹3,000 plus ₹799 for a ₹3,000 one. Carry the free one for the novelty and the movie tickets; nothing here is a reason to move your spending.
Your renewal — keep, downgrade or cancel
This card is lifetime free. There is no fee due, no renewal to weigh, and nothing to cancel to save.
Keep, downgrade or cancel
nothing due at the anniversary · 5 spend bands
The charge ₹0 — lifetime free
At your spend
₹1,500 a year at ₹3,00,000 of annual spend
₹3,000 a year at ₹6,00,000 of annual spend
₹6,000 a year at ₹12,00,000 of annual spend
₹18,000 a year at ₹36,00,000 of annual spend
₹30,000 a year at ₹60,00,000 of annual spend
Everyday earn plus milestones, with no fee to subtract — the same model as the value panel above, so the two cannot disagree. run your exact spend →
The downgrade
IndusInd 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.
What has changed under this card
- 23 Sep 2026 Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and Hilton a program these points reach
- 25 Aug 2026 Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus a program these points reach
- 20 Aug 2026 IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner a program these points reach
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
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
- India's first debit-cum-credit card — two chips, two PINs, one plastic
- Lifetime free on the base variant: NIL joining and NIL annual fee in the MITC
- ₹3,000 worth of annual movie tickets
- 1% fuel-surcharge waiver across petrol pumps in India (credit side only)
- Daily limits of ₹1,25,000 at ATMs and ₹2,00,000 at point of sale
Watch out
- The product page still advertises a "2% Cross Currency Mark-up"; the current MITC puts this card in the "All other Credit Cards - 3.5%" bucket. Assume 3.5%
- The product page also prints a "₹ 249 + Taxes Issuance Fee" that the MITC's Duo row does not carry — ask before you sign
- No lounge access: IndusInd's MITC names Duo where "Priority Pass is not available"
- Cash redemption is capped at 2,500 Reward Points a calendar month (w.e.f. 1 Sep 2024), and costs ₹149 a request
- The insurance cover IndusInd advertises for Duo sits under its DEBIT half — it is not a credit-card benefit
- A 2021 notice on IndusInd's own page warns that "certain product features on your IndusInd DUO Credit Card will be revised", and the value table has not been fully updated since
- 2% dynamic-currency-conversion fee w.e.f. 15 June 2026, and 1% on cumulative fuel spends above ₹30,000 a statement cycle
What these points actually fly
You hold this — the numbers below are your own points.
These points feed 21 programmes that publish an award chart. Cheapest verified seat per cabin, priced in YOUR points with this card's own ratio already applied:
- Delhi → Singapore Economy 76,000 IndusInd Reward Points via Singapore Airlines KrisFlyer at 4:1 the play
- Bengaluru → Singapore Business 180,000 IndusInd Reward Points via Singapore Airlines KrisFlyer at 4:1
- Mumbai → Delhi First 320,000 IndusInd Reward Points via Air Canada Aeroplan at 12.8:1 (through Singapore Airlines KrisFlyer → Marriott Bonvoy) the play
What earns, what doesn't
6 sourced rules
Duo is one of five cards IndusInd EXEMPTS from its own reward-programme revision — the bank's notice ends "The revision in the merchant categories for earning Reward Points is not applicable for IndusInd Bank Platinum Select Credit Card, IndusInd Bank Platinum Aura/Aura Edge Credit Card (Shop, Travel and Party plans), IndusInd Bank Nexxt Credit Card, IndusInd Bank PAYBACK Credit Card and IndusInd Bank Duo Card." That revision is what cut utilities, insurance, government, education and rent to 0.70 Reward Points per ₹100 on the rest of IndusInd's shelf, Pioneer Private and Indulge included. On Duo those five categories keep the card's ordinary rate, which makes a lifetime-free card one of the very few in India that pays full freight on a school fee and an insurance premium alike. One IndusInd rule does still bind it: reward points are earned only on spend up to the assigned credit limit in a statement cycle — spend past the limit earns nothing and the excess points are forfeited.
Where the miles go
1 program
Ratios read card points : partner miles — 2:1 means 2 points become 1 mile. Never the other way round.
every IndusInd Bank route, side by side → · the IndusInd Reward Points hub →
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.
Direct application — no invite list, no banking relationship required.
The Duo needs an IndusInd Bank account, because half the card is that account's debit card. IndusInd publishes no income or age bar for it. Two paid variants sit above the free one and are sold on the same page but carry no MITC fee row of their own: Duo Plus asks ₹1,500 up front plus ₹799 a year and hands back a ₹1,000 brand voucher; Duo Premier asks ₹3,000 up front plus ₹799 for a ₹3,000 one.
IndusInd 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 IndusInd 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.
India's debit-cum-credit card: one plastic, two magnetic stripes, two EMV chips and two PINs. Only the CREDIT half is modelled — it carries its own credit limit, its own monthly credit-card statement, its own cash-advance facility and its own MITC row. Lifetime free on the base variant: the fee table reads "Duo | NIL | NIL | NA | NIL". TWO PAGE-VS-MITC CONFLICTS, both resolved to this document: the product page advertises a "2% Cross Currency Mark-up" where the MITC puts Duo in the "All other Credit Cards - 3.5%" bucket, and the page prints a "₹ 249 + Taxes Issuance Fee" the MITC's Duo row does not carry. Earn per IndusInd's own value table: 200 Reward Points a month on ₹30,000 of monthly spend, priced there at ₹0.75 a point — 0.5%. Plus ₹3,000 of annual movie tickets and a 1% fuel-surcharge waiver on the credit side only (the debit side has none). NO LOUNGE ACCESS — named in the MITC's "Priority Pass is not available" list. Daily limits ₹1,25,000 at ATMs and ₹2,00,000 at point of sale. Two paid variants are sold on the same page with no MITC row of their own: Duo Plus (₹1,500 up front, ₹799 a year, ₹1,000 voucher) and Duo Premier (₹3,000, ₹799, ₹3,000 voucher). Requires an IndusInd Bank account; no income or age criteria published.
per the official IndusInd Bank MITC · reviewed 10 Jul 2026
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 25 Aug 2026Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus
- 20 Aug 2026IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner
- 18 Aug 2026Amex India re-rates Virgin Atlantic upward — 2:1 becomes 5:4, the first MR buff in years
- 6 Aug 2026MaxCoins' full transfer catalogue surfaces — Accor at 2:1 re-prices the coin to ₹1.08
- 3 Aug 2026SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programme
- 2 Aug 2026Flipkart SuperCoins into Maharaja Club improve to 2:1
- 26 Jul 2026Air India's quiet network retreat: Tokyo moves, Paris and San Francisco go, Malé pauses
Every IndusInd Bank change we've dated → 10 events since 2016, 8 of them nerfs — worst year 2025.
Verified against IndusInd Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 2 of them, each with the day we read it
- official Product page — two chips and two PINs, ₹3,000 of annual movie tickets, free annual fee, and a value table pricing the earn at 200 Reward Points a month on ₹30,000 of spend at ₹0.75 a point
- official Master MITC — the "Duo" fee row reads NIL / NIL; 3.5% foreign-currency mark-up; interest 3.83% a month; and Duo is named in the list where Priority Pass is not available