IndusInd
Samman RuPay Credit Card
9 Important Aspects You Should Know
Introduction
On January 9, 2024, IndusInd Bank launched the UPI-enabled ‘IndusInd Samman RuPay Credit Card’, in collaboration with the National Payments Corporation of India (NPCI). This credit card has been specially designed for government sector employees.
The card uniquely blends the benefits of a traditional credit card with the advanced features of UPI, creating a seamless financial tool. It also offers a plethora of advantages, including cashback, complimentary movie tickets, no charges on cash advances, and waivers on surcharges for transactions done through IRCTC and fuel purchases.
In my Blog Post, I have highlighted 9 important aspects you should know before applying for the IndusInd Bank Samman RuPay Credit Card if you are in a government job.
Table of Contents
IndusInd Samman Rupay Credit Card Eligibility and Documentation
The eligibility and document requirements for applying for the IndusInd Bank Samman Rupay Credit Card are as follows:
IndusInd Samman RuPay Credit Card Charges
The IndusInd Bank Samman RuPay Credit Card charges nominal fees to its card holders.
Here are the details :
| Fees | Amount |
|---|---|
| Joining Fees | NIL |
| Annual Fees | ₹ 199/- + GST |
| Cash Advance Fees | Nil |
| Foreign Currency Markup Fees | 3.5% |
Note: The annual fees will be waived if you spend ₹75,000 in a card anniversary year.
IndusInd Samman RuPay Credit Card Benefits
The IndusInd Bank Samman RuPay Credit Card offers several benefits including cashback on Retail spends, Movie tickets, etc which are quite beneficial for its card holders.
Cashback on Retail Spends
The IndusInd Bank Samman Rupay Credit Card offers a 1% cashback on your retail spending subject to certain conditions.
Here are the details :
- The cashback applies to retail spends up to ₹20,000
- Maximum cashback of ₹200 in a statement cycle.
| Retail Spend in a Statement Cycle | Cashback @ 1% |
|---|---|
| ₹ 5,000/- | ₹ 50/- |
| ₹ 10,000/- | ₹ 100/- |
| ₹ 15,000/- | ₹ 150/- |
| ₹ 20,000/- | ₹ 200/- |
Note:
- The Cashback is credited in the subsequent month
- You will not earn any cashback beyond the spends of ₹20,000
Cashback on Movie Tickets
The IndusInd Bank Samman Rupay Credit Card offers you one assured movie ticket every 6 months in a calendar year on its credit card.
Here are the details :
- 1 assured Ticket of ₹200 every 6 months in a calendar year
- Offer brought to you in association with BookMy Show across all movie theaters linked with the app.
| Description | Savings Per Year |
|---|---|
| Complimentary Movie ticket every six months for ₹ 200/- | ₹ 400/- |
Note:
- The price of the free ticket is capped at ₹200.
- If the ticket price is > ₹200 in that case, you will receive a discount of ₹200 only. The balance amount has to be paid by you.
IndusInd Samman RuPay Credit Card Waivers
The IndusInd Bank Samman RuPay Credit Card offers several useful waivers on Fuel spending, Railway Surcharge, etc. which are highly beneficial for card holders.
Fuel Surcharge Waiver
The IndusInd Bank Samman RuPay Credit Card offers a 1% fuel surcharge waiver when you make transactions at any petrol pump within India.
Here are the details:
- The waiver applies to fuel spends between ₹200 and ₹5,000.
- You can enjoy a maximum waiver of ₹100 per billing cycle.
| Description | Fuel Usage Amount | Savings per Month | Savings Per Year |
|---|---|---|---|
| Fuel Surcharge Waiver@1% | Fuel spend @ ₹ 2,000/- per month | ₹ 20/- | ₹ 240/- |
Note:
- If any service tax is levied on the Fuel surcharge, it will not be waived. The tax has to be paid by you.
- The above value is based on assumption. Actual savings will depend on your usage.
Railway Surcharge Waiver
The IndusInd Bank Samman RuPay Credit Card offers a 1% waiver on railway surcharge for transactions made through IRCTC or the IRCTC App only.
Here are the details :
- The waiver applies to transactions up to ₹5,000
- You can enjoy a maximum waiver of ₹600 in a card anniversary year.
| Description | Railway Tickets Booking Amount | Savings per Quarter | Savings Per Year |
|---|---|---|---|
| Railway Surcharge Waiver @1% | Railway Tickets Booking upto ₹ 5,000/- per quarter | ₹ 50/- | ₹ 200/- |
Note :
- If any service tax is levied on the Railway surcharge, it will not be waived. The tax has to be paid by you.
- The above value is based on assumption. Actual savings will depend on your usage,
- If you make multiple railway bookings using this card, the cumulative value of the surcharge waiver will be capped at ₹600 during that year. Beyond this limit, any additional surcharge would not be waived and would need to be paid as usual.
IndusInd Samman RuPay Credit Card UPI Enabled
You can make payment through UPI by linking your IndusInd Bank Samman RuPay Credit Card with UPI apps. Linking your credit card with UPI involves a few simple steps.
- Download and open your UPI apps such as BHIM, PhonePe, or Google Pay, etc
- Select the option “Add Credit Card/Link Credit Card.”
- Select IndusInd Bank
- Select your IndusInd Bank Samman RuPay Credit Card.
- Proceed to generate UPI PIN
- Enter credit card details
- Generate OTP and enter it
- Set UPI Pin
- make payments through UPI with your IndusInd Samman Rupay credit card
Note: For detailed knowledge on how to link your credit card with UPI, you can refer to my blog at https://familyfinanceblog.com/how-to-link-credit-card-to-upi/. This blog will guide you on the whole linking process.
IndusInd Samman RuPay Credit Card Travel Insurance Cover
IndusInd Bank has tied up with The Oriental Insurance Company Ltd (A Government of India undertaking) to offer complimentary travel insurance coverage to its Samman Rupay credit card holders.
Here are the details on the sum assured for Travel Insurance Coverage:
| Travel Insurance Cover | Travel Insurance Sum Assured (up to) |
|---|---|
| Lost Baggage | ₹ 1,00,000 |
| Delayed Baggage | ₹ 25,000 |
| Loss of Ticket | ₹ 25,000 |
| Loss of Passport | ₹ 50,000 |
| Missed Connection | ₹ 25,000 |
Note: For Terms and Conditions about Travel Insurance Coverage, visit https://www.indusind.com/in/en/personal/tnc-travelinsurance.html for more details.
IndusInd Samman RuPay Credit Cards Pros And Cons
Conclusion
In Conclusion, the IndusInd Bank Samman Rupay Credit Card is a decent entry-level credit card particularly if you are a government employee. It provides its cardholders with essential benefits, including cashback, movie tickets, and travel insurance coverage.
Being a Rupay credit card, it potentially offers lower fees and transaction costs for both merchants and consumers
It can serve as a valuable financial tool tailored to your needs if you prioritise affordability (lower fees) and primarily use your credit card for domestic transactions within India. However, if you value higher rewards or require a card for international use, exploring alternative options might be worthwhile.
FAQ
Where can I apply for this card?
You can apply online on the IndusInd Bank website or by visiting any branch of the bank.
What are the interest rates for this card?
The credit card charges an Interest rate of 3.95% per month or 47.40% yearly.
What is the credit limit for this card?
The credit card has a daily credit limit of ₹1,00,000/-
how much does it take to approve the indusInd Samman Rupay credit card?
Once you apply for the Samman Credit Card, the approval process typically takes a few days. Post application approval, you can expect to receive your physical card within 24-48 hours
Where can I find more information about this card?
To get more detailed information on this credit card, you can log on to https://www.indusind.com/in/en/personal/cards/credit-card/samman-credit-card.html