This credit card helps you save money by earning monthly bonus, fuel surcharge waiver, exciting reward points on shopping, travel booking

Private lender IndusInd Bank has launched a new credit card called ‘IndusInd Bank PAYBACK Credit Card’ in alliance with PAYBACK which is the country’s largest multi-brand loyalty program. The card offers customers with a chance to win exciting reward points both online and in-store. These points can be used for dining, shopping, entertainment and travel bookings, among others. The card is powered by Visa’s ‘payWave’ technology which enables customers to make payments by simply waving the card near the merchant terminal.

A customer will not only earn PAYBACK  Points on all transactions on the co-branded credit card , but will also get additional PAYBACK  Points on transactions made at over hundred PAYBACK partner brands both in-store and online. 

Anil Ramachandran - EVP & Head, Marketing and Retail Unsecured Assets at IndusInd Bank said, "We believe, the ‘IndusInd Bank PAYBACK Credit Card’ is among the most rewarding cards in the industry as the acquired reward points are equivalent to spendable money which can be redeemed across a catalogue of over thousand products and services being offered by PAYBACK as well as its partner brands. Going forward, we shall continue to co-create and introduce more such propositions for our customers, thereby enhancing their banking experience."

Gautam Kaushik, CEO, PAYBACK India said, “Financial service partners have always been an integral part of our Loyalty platform. With this partnership with IndusInd Bank, we look forward to further enhancing our customer connect and increasing engagement by providing extraordinary rewards through the new IndusInd Bank PAYBACK Credit Card. This will help further our objective of driving high frequency transactions and giving a seamless experience to customers, in addition to providing them another avenue to accelerate accumulation of PAYBACK Points.”

Key Features of the ‘IndusInd Bank PAYBACK Credit Card are:

Shopping : Customer can earn 5 PAYBACK points on every Rs. 100 spent on a wide range of categories like departmental stores, groceries, apparels and more.

Dining: Customers can earn 5 PAYBACK Points on every Rs.100 spent on dining.

Movies: Customers can earn 20 PAYBACK Points on every  Rs.100 spent on movies and entertainment related activities.

Other spends: Customers  will also earn 2 PAYBACK points on every Rs.100 spent on all other expenses except fuel.

Monthly/ Annual bonus : Eligible customers will  get monthly and annual bonus rewards of 500 and 2000 PAYBACK points respectively, basis spend milestones.

Complimentary membership of ‘Future Privilege Programme’- Customers can enjoy a complimentary one year membership of the ‘Future Privilege Programme’ - a special privilege programme created for Future Group business partners and associates. With this, members can avail upto 10% discount on purchases made at Future Group brands such as Big Bazaar, Central, e-Zone & more.

Fuel Surcharge: Fuel surcharges are completely waived off across all petrol pumps in India.

A key proposition of this card, is that customers can seamlessly redeem their accumulated PAYBACK Points to purchase their preferred product from the PAYBACK Rewards Catalogue which has over thousand brands and is available on the PAYBACK mobile app & website. 

Also, a customers can redeem points to avail instant vouchers from over hundred brands at any of the PAYBACK Partners.