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Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

Product Details
Credit Card Name : 

Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

Bank Name :

IndusInd Bank

Type :

Rewards Credit Card

Interest Rate : 

3.83% p.m. 46%p.a.

Eligibility :

Age: You must be at least 18 years old to apply.
Citizenship: You should be a resident Indian citizen.

Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card
Pros
  • Reward System: Earn 2.5 Reward points for every ₹100 on e-commerce transactions. Value of 1 RP = 0.5 paisa. Effective Cashback Rate: 1.25%. 

  • Milestone Benefit: Earn 3,000 bonus reward points on spending ₹ 4,00,000 or above within one year from the date of issuance of your credit card.

  • Other Benefits: Buy one movie ticket and get the second one free on BookMyShow every month up to ₹ 200. Credit Card enabled on UPI. 

Cons
  • Limited Acceptance

  • Uncertain Reward Point Validity

Pros & Cons
Welcome Benefits

None 

Rewards System

Reward System: Earn 2.5 Reward points for every ₹100 on e-commerce transactions. Value of 1 RP = 0.5 paisa. Effective Cashback Rate: 1.25%. 

International Forex Markup

Foreign Currency Mark-up 3.5%

Welcome Benefits and Reward System
Special Features

UPI enabled Credit Card 

Eligibility Criteria

Age: You must be at least 18 years old to apply.
Citizenship: You should be a resident Indian citizen.

Benefits
  • No Joining or Annual Fees

  • Rewards on Various Transactions

  • Milestone Bonus

  • Movie tickets offer

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  • Visit a Branch of IndusInd Bank: This is the confirmed method for applying for the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card.

  • Locate a Branch: Use the branch locator on the IndusInd Bank website: https://www.indusind.com/in/en/personal/locate-us.html

  • Documents Required: Carry the following documents:Proof of Identity (Aadhaar card, PAN card)
    Proof of Address (utility bill, bank statement)
    Income proof (salary slips for salaried individuals, income tax returns for self-employed)

  • Meet a Bank Representative: Inform them that you'd like to apply for the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card.

  • Application Form: The representative will provide you with a physical application form. Fill it out with your details and income information.

  • Submit the Documents and Application: Once you've completed the form, submit it along with your documents.

  • Processing Time: The bank will review your application and get in touch with you regarding the approval status.

Contact Details

18602677777

Account Opening and Procedure
Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card might be a reasonable option if you're looking for a basic, no-frills credit card with a lifetime fee waiver and you make frequent online transactions or use UPI payments. However, it offers very low reward rates and limited features.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review

Yes Bank Card Anq Phi Credit Card

YES BANK Anq Pi Credit Card

Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

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Fees & Charges
  • Joining and Annual Fees: NIL 

  • Interest Rate: 3.83% p.m.  46%p.a. 

  • Late Payment Charges: Ranges from INR 100 to INR 1300

  • Cash Advance Charges: 2.5% of the advance amount subject to a minimum of INR 300

  • Foreign Currency Mark-up: 3.5%

  • Rewards Redemption Fee: INR 100

Fuel Surcharge

1% waived for transactions between INR 400 – INR 4000;

Billing Cycle

30 Days

Fees & Charges
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