Direct Answer: The CRED IndusInd Bank RuPay Credit Card is a co-branded entry-level credit card offering 5% rewards on all e-commerce spends and 1% rewards on offline & UPI (CRED Scan & Pay) transactions, with zero joining fee and flexible point redemption across flights, hotels, and the CRED ecosystem.
TL;DR — Key Highlights
| Feature | Details |
|---|---|
| Online rewards | 5% value (i.e. 5 CRED points per ₹100) on all e-commerce spends; no merchant restriction. |
| Offline & UPI rewards | 1% on offline merchants and via CRED Scan & Pay. |
| Redemption options | Use points at 500+ CRED Pay merchants, 2,000+ products in CRED Store, flights (ixigo), hotels (Expedia). Point value = ₹1. |
| Fees | Zero joining fee; quick application (~2 minutes). |
| Best for | Online shoppers, CRED users, UPI payments. |
What Is the CRED IndusInd Bank RuPay Credit Card?
This card is an entry-level credit card launched in September 2025 by CRED and IndusInd Bank under the RuPay network. It focuses on digital-first users who shop online, rewarding them with simple and flexible redemption options. It has no joining fee, makes onboarding quick, and offers transparent redemption within the CRED app.
Why This Card Matters
Here are the main reasons this card is worth attention:
- High online rewards — 5% across all e-commerce without restrictions.
- Flexible redemption — Points usable across travel, shopping, and the CRED Store.
- Zero joining fee — Easy entry for new credit card users.
- Rewards on UPI & offline — Makes it versatile for day-to-day spends.
Benefits & Rewards Breakdown
5% Rewards on All E-commerce
You earn 5% value back in CRED points for any online purchases, regardless of merchant. There is a monthly cap on accelerated rewards.
1% Rewards on Offline & UPI
Get 1% value on offline transactions and on UPI spends when using CRED Scan & Pay.
Redemption Options & Value
- Redeem points at 500+ CRED Pay merchants.
- Shop from over 2,000 products on CRED Store.
- Book flights (via ixigo) and hotels (via Expedia).
- Point value: typically ₹1 per point.
Welcome & Fee Structure
No joining fee at launch, and no major renewal fee reported. Always confirm latest T&Cs when applying.
Limits, Trade-offs & Eligibility
| Aspect | Details |
|---|---|
| Reward caps | 5% e-commerce capped at 5,000 points per cycle; Scan & Pay capped at 500 points. |
| Missing perks | No lounge access or major travel benefits. |
| Excluded spends | Wallet loads, education fees, rent via external platforms may not get rewards. |
| Eligibility | Requires good credit score; easier for existing CRED users. |
How to Apply & Get Started
- Check eligibility in the CRED app or IndusInd portal.
- Apply online; process takes ~2 minutes.
- Get instant approval (virtual card) or wait for physical card delivery.
- Start using for e-commerce and UPI to maximize rewards.
- Redeem points within the CRED ecosystem for maximum value.
FAQs
Is there any joining or annual fee?
No joining fee. Annual fee terms are minimal or waived at launch.
What is the cap on rewards?
5% category capped at 5,000 points/month; 1% UPI capped at 500 points.
Can I use it for rent or utilities?
Yes, via CRED app rent/utility payment options. External rent services may not earn full rewards.
Do points expire?
No clear expiry announced; check your card’s welcome kit for updates.
Is this card good for travel?
It lacks lounge access and premium travel perks. Good for online shopping, not a premium travel card.
Pros & Cons
Pros:
- 5% rewards on all e-commerce.
- 1% on offline and UPI.
- Zero joining fee, quick onboarding.
- Flexible redemption options with fair value.
Cons:
- Reward caps reduce value for heavy spenders.
- No lifestyle perks like lounges or insurance.
- Some categories excluded from rewards.
Final Verdict
This card is ideal for digital-first users who shop online frequently and want simple, transparent rewards. It is less suitable for frequent travelers or premium users seeking perks like lounge access or concierge benefits.<