IndusInd Bank
A UPI-enabled RuPay card earning 2 points per ₹100 on UPI spend and 1 point per ₹100 otherwise — its confirmed ₹0.60/point rate applies only to non-cash redemption, with no cash-redemption floor stated, so no structured point value is recorded.
reward points
Non-cash redemption is confirmed directly at ₹0.60/point (effective 15 December 2024); the cash-redemption rate is not stated anywhere for this card specifically, unlike Platinum Visa. Cash redemption capped at 2,500 points/calendar month. Reward redemption carries a fee: ₹149 for cash, ₹100 for other-category redemption. Also includes ₹2.25 lakh total travel insurance (lost baggage ₹1 lakh, passport loss ₹50,000, delayed baggage/lost ticket/missed connection ₹25,000 each).
Verified from official issuer sources. Last verified 31 August 2026
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SBI Card
SBI's NeuCoins card: a clean, issuer-stated "1 NeuCoin = Re. 1" redemption rate — no derivation needed — spendable only within the Tata Neu ecosystem, at the same 1.99% forex rate as SBI Card ELITE.
Axis Bank
A zero-fee UPI-first cashback co-brand with Flipkart Group's super.money — its top 3% rate is capped relative to what was separately earned at 1% in the same cycle, and the issuer's own press release and T&C PDF disagree on whether ₹500/cycle is a hard ceiling.
Kotak Mahindra Bank
A RuPay fuel co-brand earning genuine Reward Points at an issuer-confirmed 4% value back on IndianOil fuel spend — the founding confirmation of this portfolio's ₹0.20-₹0.25 point-value range, with both a per-transaction fuel surcharge waiver and the portfolio's usual cumulative-fuel-spend fee waived entirely.
