IndusInd ePay Amex
KeepThe only card in India that pays you for splitting the bill — 10 points a transaction, whatever it cost.
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
Welcome: 3 months of Zomato Gold — a one-time first-year benefit that IndusInd states will not be extended or renewed
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 ₹0 gross (earn ₹0) against its ₹0 fee = ₹0 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 #264
Why #264 The only card in India whose reward is a function of how OFTEN you pay rather than how much — priced on IndusInd's own ladder at one transaction a day, and hard-capped there because that is what the ladder actually does.
IndusInd prices this card's points against your bill, not against an airline: "The value of each Reward Point is ₹ 0.35 when you redeem them against the outstanding in your card account" — well under the ₹0.80 house value the IndusInd Reward Points shelf carries on its transfer routes. earn.base bakes the haircut in.
Best real exit: Singapore Airlines KrisFlyer at ₹0.28/pt (4:1 transfer).
The take
IndusInd's ePay American Express is lifetime free and rewards you for the NUMBER of times you pay, not the amount. The first four transactions in a statement cycle earn 4 Reward Points each, the fifth to tenth earn 8, and everything past the tenth earns 10 — with a ₹500 minimum on each. At ₹0.35 a point, a month of thirty small ₹500 payments returns about 0.6% on ₹15,000 of spend; the same ₹15,000 put through three big transactions returns almost nothing. The 0.18% on this page is that ladder priced honestly — one transaction a day at our ₹50,000-a-month reference, and capped there, because past thirty swipes the ladder has already paid everything it can. Stay active for eleven months of the anniversary year and the twelfth pays double points. Spend ₹2 lakh in a year and a Times Prime membership lands. Pay the full outstanding early and IndusInd returns 5% cashback annually. Against that: three months of Zomato Gold that never renew, no lounge access of any kind — the MITC names this card in the list where Priority Pass is not available — 3.5% abroad, and the highest interest rate on IndusInd's book at 3.95% a month. A second card for small everyday payments, not a first card.
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
₹500 a year at ₹3,00,000 of annual spend
₹1,100 a year at ₹6,00,000 of annual spend
₹1,100 a year at ₹12,00,000 of annual spend
₹1,100 a year at ₹36,00,000 of annual spend
₹1,100 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
- Lifetime free — NIL joining and NIL annual fee in IndusInd's MITC
- The reward ladder counts TRANSACTIONS, not rupees: 4 points each on the first four in a cycle, 8 on the fifth to tenth, 10 on every one after
- Points redeem against your card outstanding at ₹0.35 each
- 2X points on every spend in the 12th month, after eleven active months in the anniversary year
- 5% cashback annually for paying the total outstanding early
- Times Prime membership on ₹2 lakh of annual spend; 3 months of Zomato Gold at joining
Watch out
- The reward rate depends on how OFTEN you pay, not how much — a big-ticket spender earns almost nothing
- Every transaction must be at least ₹500 to earn at all
- 3.95% a month (47.40% a year) — the highest interest tier on IndusInd's book
- No lounge access: IndusInd's MITC names this card where "Priority Pass is not available"
- 3.50% foreign-currency mark-up, plus a 2% dynamic-currency-conversion fee w.e.f. 15 June 2026
- The Zomato Gold membership is first-year only and "will not be extended /renewed under any circumstances"
- Reward points are capped at your credit limit in each statement cycle
- No card re-issue or replacement is offered — the MITC's replacement row reads NA for this card alone
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
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.
Open application on IndusInd's own site. IndusInd publishes no income or age bar for this card. It is issued as a fully digital card on the American Express network, and the MITC's re-issue/replacement row reads "ePay Amex Credit Card - NA", which is consistent with there being no plastic to replace.
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.
Lifetime free — the MITC's TWO-column fee table reads "ePay Amex Credit Card | NIL | NIL | NA | NIL". A fully digital American Express card: the same document's re-issue/replacement row reads "ePay Amex Credit Card - NA" where every other card is ₹100 or more. THE EARN IS COUNTED IN TRANSACTIONS, NOT RUPEES: 4 Reward Points on each of the first four transactions in a statement cycle, 8 on the fifth to tenth, 10 on every one beyond, minimum ₹500 a transaction, and "The value of each Reward Point is ₹ 0.35 when you redeem them against the outstanding in your card account". Points are capped at the credit limit each cycle. 2X points on all spends in the 12th month after eleven active months; Times Prime membership on ₹2 lakh of annual spend; 5% cashback annually for paying the total outstanding early; 3 months of Zomato Gold as a one-time first-year benefit that "will not be extended /renewed under any circumstances". NO LOUNGE ACCESS — named in the MITC's "Priority Pass is not available" list. Not on the discontinued list. IndusInd publishes no income or age criteria.
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 — the per-transaction reward ladder (4 / 8 / 10 points, ₹500 minimum), a point valued at ₹0.35 against the card outstanding, 3 months of Zomato Gold and 5% annual early-payment cashback
- official Master MITC — the fee row reads NIL / NIL; interest 3.95% a month (47.40% a year); 3.5% forex; Priority Pass explicitly not available; and replacement listed as NA