An In-Depth Look at Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card: Benefits, Cashback, Fees, and More

IndusInd Bank has the history of launching some of the most unique credit cards in India. Credit cards from IndusInd Bank are hugely popular because of the utility they provide. In this in-depth review, we will be covering the features, pros and cons of IndusInd Bank's latest offering: IndusInd Bank eLITE RuPay Credit Card.

Benefits of the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card

The Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card offers a number of benefits, we have mentioned some of the key benefits below.

• Reward System: Credit card users earn 2.5 Reward points for every ₹100 on e-commerce transactions. Value of 1 RP = 0.5 paisa. Effective Cashback Rate: 1.25%. Users will get 1 reward point on all other transactions. Effective genral cashback rate 0.5%.

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

• Other Benefits: Users on buying one movie ticket will get the second one free on BookMyShow every month up to ₹ 200.

• UPI Credit Card: Like all rupay credit cards, this credit card can also be linked to any of the UPI apps like GPay and thereafter can be used to make all UPI payments.

Cons to Consider

While the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card boasts numerous advantages, it's essential to consider some potential drawbacks. We have mentioned the key cons below:

• No free airport lounge visits.

• No dining offers.

• Limited value add features.

• No welcome benefits.

Fees and Charges

Understanding the fees associated with a credit card is crucial for responsible financial planning. We have mentioned the key fees associated with the card below:

• 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.

Conclusion

In conclusion, the Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card is an average credit card. Ther are multiple credit cards in the market which offers many more benefits.

You can read our detailed review of the credit card and our rating here.

Remember, before applying for any credit card, carefully evaluate your spending habits, financial goals, and preferences to ensure that the card complements your lifestyle effectively. Happy swiping!

#ccreview #creditcard #indusind #fincporp