IndusInd Platinum Aura Edge Credit Card

About the IndusInd Platinum Aura Edge Credit Card

Are you tired of credit cards that force you into a one-size-fits-all reward system? The IndusInd Platinum Aura Edge Credit Card changes that by letting you choose how you earn.

This card is a rare find in the Indian market because it is completely Lifetime Free. You pay zero joining fees and zero annual fees, making it a "no-risk" addition to your wallet. If you spend around ₹15,000 monthly on specific categories like groceries or dining, you can easily save over ₹4,500 annually through its customizable reward plans. No hidden charges, no complicated waivers, just pure savings.

Designed specifically for young professionals and salaried individuals earning at least ₹25,000 per month (₹3 LPA annually), this card bridges the gap between basic entry-level cards and premium lifestyle cards. Whether you are a weekend party enthusiast or a home manager handling monthly utility bills, there is a specific reward plan built just for you.

What makes this card stand out:

• Choose Your Own Rewards: Unlike most cards that decide your benefits, you can pick from four plans (Shop, Home, Party, or Travel) to match your actual spending habits.
• Zero Cost for Life: You get premium features like air accident insurance and fraud protection without ever paying an annual renewal fee.
• Accelerated Value: Earn up to 4 reward points for every ₹100 spent, which translates to a 1.6% value-back on your preferred categories.

Quick Eligibility Check: To qualify, you should be between 21-60 years old with a CRIF credit score of 725 or higher. Salaried applicants need an annual income of ₹3 lakh, while self-employed individuals need ₹4 lakh.

Let's dive into the details of why this card might be the smartest move for your monthly budget:

Key Benefits and Features of the IndusInd Platinum Aura Edge Credit Card

The standout feature of the IndusInd Platinum Aura Edge is its flexibility. When you apply, you can select one of four specialized reward tracks. Here is how you can maximize your earnings based on your lifestyle:

1. Customizable Reward Plans

You aren't stuck with a generic reward structure. You can choose the plan that aligns with where your money actually goes:

• The Shop Plan: If you spend heavily at departmental stores and retail outlets, this plan gives you 4 reward points for every ₹100 spent. For a family spending ₹10,000 a month on shopping, that is 400 points monthly.
• The Home Plan: This is perfect for those managing a household. You get 4 reward points per ₹100 on groceries and supermarket spends. Plus, you earn 2.5 reward points per ₹100 on electricity and mobile bill payments, which are usually excluded by other cards.
• The Party Plan: If your weekends are spent at restaurants and bars, this plan offers 4 reward points per ₹100 on all dining bills, including taxes and drinks.
• The Travel Plan: Frequent travelers get 4 reward points per ₹100 on hotel bookings and 2.5 points on flight tickets. It even offers 1.5 points on railway bookings through IRCTC and car rentals.

2. Reward Point Value and Redemption

The reward points you earn are not just digital numbers; they have real monetary value. The conversion rate is 1 Reward Point = ₹0.40.

You have multiple ways to use these points:

• Cash Credit: You can convert your points directly into cash to pay off your credit card statement.
• Indus Moments: Use points to shop from a wide catalog of products and vouchers at the official IndusMoments website.
• Airline Miles: Convert your points into Krisflyer miles for your next vacation.
• Pay with Rewards: Use your points instantly at partner merchant outlets.

3. Comprehensive Insurance and Security

Despite being a free card, the IndusInd Platinum Aura Edge offers a robust "Total Protect" insurance package to keep your finances safe:

• Personal Air Accident Cover: You are insured for up to ₹25 lakhs in the event of a mishap during air travel.
• Lost Card Liability: If you lose your card, you are protected against any fraudulent transactions for up to 48 hours before you report the loss.
• Counterfeit Fraud Protection: The card protects you against unauthorized usage in case your card details are cloned or compromised.
• International Travel Insurance: When traveling abroad, you get coverage up to ₹1 lakh for loss or delay of baggage, lost passports, ticket loss, or missed flight connections.

4. Fuel Surcharge Waiver

Save every time you refuel your vehicle. The card offers a 1% fuel surcharge waiver at all petrol pumps across India. This applies to transactions between ₹400 and ₹4,000. For a regular commuter spending ₹4,000 on fuel monthly, this is a straightforward saving of ₹480 per year.

5. Lifetime Free Advantage

One of the biggest benefits is the fee structure. Many cards charge ₹500 to ₹1,000 annually, which eats into your rewards. The IndusInd Platinum Aura Edge has zero joining fees and zero annual fees. This means every reward point you earn is pure profit, as there are no costs to offset.

How to Apply for the IndusInd Platinum Aura Edge

Applying for this card is a straightforward digital process. Follow these steps to get your card:

1. Visit the official IndusInd Bank website or a partner platform to start your application.
2. Enter your mobile number and PAN card details to check for a pre-approved offer.
3. Ensure you meet the income criteria (₹3 LPA for salaried or ₹4 LPA for self-employed) and have a CRIF score above 725.
4. Select your preferred reward plan (Shop, Home, Party, or Travel) during the application process.
5. Complete the digital Video KYC (V-KYC) by showing your original PAN card to the bank executive over a video call.
6. Once verified, your physical card will be dispatched to your registered address within 5-7 working days.
7. Crucial Step: Make a transaction of at least ₹100 within the first 30 days of receiving the card. This activates the card and ensures you are eligible to start earning reward points.

Credit Limit and What to Expect

Credit limits are assigned based on your income, credit score, and existing banking relationship. Most applicants in this income bracket receive an initial credit limit ranging from ₹40,000 to ₹1,50,000. Applicants with a stable income and a CRIF score above 725 qualify for a higher limit that closely aligns with their monthly earnings. If you maintain a good repayment record for 6-12 months, you can request a limit increase through the IndusInd mobile app.

Comparison Table: Entry-Level Credit Cards in India

To help you decide, here is how the IndusInd Platinum Aura Edge compares to other popular cards in the same segment:

If you want a card that adapts to your spending (like choosing a "Dining" or "Grocery" focus), the IndusInd Platinum Aura Edge is the clear winner. While the IDFC Millennia offers higher rewards for very high spenders, the Aura Edge provides better category-specific earnings for average monthly budgets without any annual fee pressure.

Documents Required for IndusInd Platinum Aura Edge Application

You'll need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Voter ID
• Address Proof: Aadhaar Card, Utility Bills (last 2 months), or Rent Agreement
• Income Proof: Last 3 months' salary slips and 6 months' bank statements showing salary credits

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory) and Aadhaar Card
• Address Proof: Aadhaar Card or Property Documents
• Income Proof: Latest 2 years' ITR (Income Tax Returns) with computation of income
• Business Proof: GST registration or Shop Act License

Note: Most of this process is now paperless through the Video KYC facility. Keep your original PAN card handy during the call.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the IndusInd Platinum Aura Edge:

The Grocery Guru: If you are the person who handles the household expenses, pick the Home Plan. If you spend ₹10,000 on groceries and ₹5,000 on utility bills monthly, you will earn roughly 525 points. At ₹0.40 per point, that is ₹210 back every month, or over ₹2,500 a year just for paying your regular bills. This is excellent for someone earning ₹30,000 - ₹40,000 a month who wants to cut down on daily costs.

The Social Butterfly: If your biggest monthly expense is eating out with friends, the Party Plan is your best friend. Spending ₹8,000 a month on dining earns you 320 points. Unlike other cards that cap dining rewards or limit them to specific apps, this works at any restaurant with a credit card machine.

The First-Time Card Holder: If you have never had a credit card and want something safe to build your credit score, this is perfect. Since it is Lifetime Free, you don't have to worry about hitting a minimum spend target to waive the fee. Just use it for small purchases and pay it back in full.

You might want to skip this card if:

• You spend heavily on fuel, rent, or insurance, as these categories are excluded from earning reward points.
• You are looking for complimentary airport lounge access, as this specific variant does not include lounge perks.

BankKaro Expert Review

Based on the card's features, the IndusInd Platinum Aura Edge excels at providing targeted value. Most free cards offer a flat, low reward rate (usually 0.5%) on everything. This card is different because it lets you boost that rate to 1.6% on the categories you use most. It is essentially four different cards rolled into one.

The biggest limitation is the reward point value. At ₹0.40 per point, it isn't the most premium conversion rate in the market. However, when you consider there is no annual fee, the "Return on Investment" is technically infinite. I particularly like the inclusion of international travel insurance and air accident cover, which are usually reserved for high-fee "Gold" or "Black" cards.

Our verdict: Choose this card if you want a reliable, free-for-life credit card that rewards your specific lifestyle. It is a fantastic secondary card to have in your wallet to cover categories where your primary card might not offer high rewards.

Terms and Conditions

Before you start swiping, keep these important terms in mind:

• The bank may offer a different card variant based on your specific eligibility and credit profile. Please carefully read the features of the card offered before submitting your final application.
• A minimum transaction of ₹100 within 30 days of card issuance is mandatory to activate the card. If you fail to do this, you will not be eligible for any reward points.
• Reward points are not earned on "Exclusion Categories" which include fuel, utility bill payments (unless on the Home Plan), insurance premiums, rent payments, taxes, and EMI transactions.
• Cash advances and ATM withdrawals do not earn reward points and attract high-interest charges.