IndusInd Bank Samman RuPay Credit Card

IndusInd Bank Samman RuPay Credit Card

Best for : Cashback
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The IndusInd Bank Samman RuPay Credit Card is best suited to offer everyday banking benefits and affordability and scores well on essential features. It charges low fees, with no joining fee and a nominal renewal fee of ₹199. This card best suits individuals who want to use credit at a low cost and in a rewards-endowed experience.

  • Key Highlights
  • Feature & Benefits
  • Fee & Charges
  • Eligibility Criteria
  • How to Apply?

Key Highlights of IndusInd Samman RuPay Credit Card

Exploring the key highlights of the IndusInd Samman RuPay Credit Card reveals a card designed to offer substantial value and convenience across various aspects of your daily financial activities.

FeatureDescription
Reward PointsEarn reward points on every transaction.
Joining FeeNil
Renewal Fee₹199 (which is waived off by spending ₹75,000 in a year)
Contactless PaymentsFast and secure contactless transactions.
Fuel Surcharge WaiverEnjoy a waiver on fuel surcharges at select petrol stations.
Insurance CoverageComplimentary insurance for added security.
Lounge AccessAccess to select airport lounges.
UPI RewardsEarn rewards on UPI transactions.

Feature & Benefits of IndusInd Bank Samman RuPay Credit Card

Understanding the various features and benefits of the IndusInd Bank Samman RuPay Credit Card can help you see why this card is a valuable tool for managing everyday expenses and enhancing your financial security.

Reward Points

The IndusInd Bank Samman RuPay Credit Card offers a rewards points system. Earn points on every transaction and redeem them for gift vouchers or exciting offers, adding extra value to your spending

The IndusInd bank Samman RuPay Credit Card has a rewards point system as follows:

  • Earn 1% cashback on all retail spends up to ₹20,000 per statement cycle.
  • For example, A monthly expenditure of ₹10,000 earns cashback of ₹100.
  • The maximum cashback in a statement cycle is capped at ₹200.

Fuel Surcharge Waiver

Frequent travellers benefit from a fuel surcharge waiver on petrol transactions at select petrol pumps. Over time, this feature can lead to significant savings, especially for those with high fuel expenses.

The card provides the following fuel surcharge waiver:

  • Applicable on transactions between INR 400 and INR 4,000 at all petrol pumps in India.
  • Example: Spend ₹2,000 on fuel and save ₹20 (1% of ₹2,000) on the fuel surcharge.

Insurance Coverage

This card includes insurance coverage and offers financial security in case of unforeseen events. It ensures peace of mind for you and your loved ones during emergencies.

This card provides many insurance benefits:

  • Lost Baggage Insurance: Up to 100,000
  • Lost Ticket Insurance: Up to 25,000
  • Missed Connection Insurance: Up to 25,000
  • Loss of Passport Insurance: Up to 50,000 

Lounge Access

  • The IndusInd Bank Samman RuPay Credit Card provides access to Participating Airport Lounges.
  • A limit of two (2) free lounge accesses per calendar quarter applies per Eligible Visa Signature Card for Entry Type 1.
  • Eligible Cardholders get two complimentary lounge accesses per calendar quarter.
  • A nominal ₹2 swipe is required for free access validation. Free access is denied if the swipe is not approved.
  • Paid entry is available for Cardholders and guests at lounge-displayed prices.

UPI Rewards

The card supports UPI payments, offering fast, safe, and convenient transactions. Earn additional rewards for payments made through UPI, enhancing the value of your digital transactions.

When using UPI payments with the card, you earn 1% cashback.

  • Applicable on all spending up to ₹20,000 per statement cycle.
  • Example: Spend ₹5,000 through UPI and earn ₹50 in cashback.

IndusInd Samman RuPay Credit Card Fee & Charges

Understanding the fee structure associated with a credit card is essential for effective financial management. Here are the key fees related to the IndusInd Bank Samman RuPay Credit Card:

  • Annual Fee: The IndusInd Samman RuPay Credit Card card is free from an annual fee. It thus makes it affordable. The competitive and economical fee structure offers the benefits without costing pants. 
  • Renewal Fee: The renewal charges are just ₹199, beginning from the second year. This small fee enables consumers to continue using the card services at a low price without interruption.
  • Interest Charges: The card has a relatively competitive interest rate of 3.95% per month (47% per annum) on broken balances. Pay off the borrowed monthly to stay financially fit and avoid these additional charges. That way, you can use the card without suffering any expenditure attached to it.
  • Late Payment Fee: A late fee between ₹100 and ₹1300, depending on the amount unpaid, is charged for missed payments.
  • Cash Withdrawal Charges: This card allows cash withdrawals, but the fees are high. Use it only in emergencies to avoid extra costs. Plan and choose other payment methods to save money.
  • Over-limit Fee: If you exceed credit limits, you will pay an over-limit charge of 2.5% of the over-limit amount (minimum ₹500). Therefore, keep your expenses within the prescribed credit limits to avoid this fee.
  • Foreign Transaction Fee: A 3.5% foreign transaction fee will be charged for transactions made while traveling abroad or that use a foreign currency. When making such international purchases, one should keep such things in mind.

Eligibility Criteria of IndusInd Bank Platinum RuPay Credit Card

Applicants must meet specific eligibility criteria to apply for the IndusInd Bank Samman RuPay Credit Card. Here are the key requirements:

  • Age: Applicants must be between 18 and 65 years old. This ensures they are legally eligible and financially mature to manage a credit card account.
  • Income: Applicants need to show proof of a stable income, such as a salary, self-employment earnings, or any regular source of income. This helps demonstrate their ability to repay credit and improves approval chances.
  • Credit Score: A good credit score increases the likelihood of approval for the IndusInd Samman RuPay Credit Card. It shows responsible credit use and can lead to better credit product terms.

Required Documents

To apply for the IndusInd Bank Samman RuPay Credit Card, you will need to submit the following documents:

  • Identity Proof: Passport, Aadhar card, Voter ID, or any other government-issued identity document.
  • Address Proof: Utility bills, rental agreement, or any other document that verifies your residential address.
  • Income Proof: Salary slips, IT returns, bank statements, or any other proof of income.
  • Photographs: Recent passport-sized pictures.

How to Apply for an IndusInd Samman RuPay Credit Card?

Applying for the IndusInd Samman RuPay Credit Card is a straightforward process. Here are the steps you need to follow:

  • Visit the official IndusInd Bank website or the nearest bank branch for details.
  • Fill Application Form: The application form should be filled with precise information. Ensure every detail is correct for smooth processing.
  • Submit Documents: Submitting documents for verification is a key step. It helps the bank check your eligibility and confirm the details you provided.
  • Review and Approval: The card will be sent to your address once your application and documents are reviewed and approved. Approval status will be shared, and the card typically arrives within 3 - 5 working days.

FAQs

The IndusInd Bank has launched the Samman RuPay credit card.

IndusInd Bank offers the Samman RuPay credit card and features a range of benefits, such as reward points, fuel surcharge waiver, insurance coverage, and more.

Cash withdrawal charges are applicable when using the card for cash advances. It is recommended that this feature be used only in emergencies to avoid high fees.

IndusInd Bank offers excellent customer support services for Samman RuPay Credit Card holders through a separate helpline and online assistance.

Reward points can be encashed for gift items, vouchers, and several other exciting offers through the rewards program provided by the bank.

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Best for :Cashback
Customer Rating:
Star 1Star 2Star 3Star 4Star 5
Joining FeesLifetime Free
Annual Percentage Fee46%
Annual FeesLifetime Free
Reward Point Value1 RP= Rs.0.25
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