Cred IndusInd Rupay Credit Card Forged in 18k Gold | 5% Cashback on Cred Payments
CRED has teamed up with IndusInd Bank to bring out the Sovereign RuPay Credit Card, a card that comes with its 18k gold-plated design. This “Cred-exclusive” card can be a great option for those who want to maximise rewards on Cred. You might have seen the announcement banner on the Cred homepage. That’s why you’re here to figure out if it’s actually worth it, or if it’s just another Rupay card like the ones you already have, but now more rewarding.
Image Source: IndusInd Bank
How to Apply for CRED IndusInd Bank Credit Card
The CRED IndusInd Bank Credit Card is currently invite-only. Eligible users will see an option to apply inside the CRED app. The process is entirely digital and takes only a few minutes:
Apply for CRED IndusInd Credit Card
- Open the CRED app on your phone.
- Check for the CRED IndusInd Bank Credit Card banner or notification.
- Click Apply Now and fill in the required details.
- Submit your application. Approval is usually fast for existing CRED users.
Once approved, the card will be linked to your CRED account, allowing you to earn points automatically on eligible spends.
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How Rewards Work on CRED Sovereign RuPay Credit Card
Online purchases outside the CRED app earn 5 CRED Points per ₹100. Transactions within CRED, like using CRED Pay, booking flights via Ixigo, or hotels via Expedia, also earn 5 points per ₹100. For offline payments and UPI Scan & Pay transactions, the card earns 1 point per ₹100.
Every point is equivalent to ₹1 when redeemed for flights, hotels, or products on the CRED store. Bill payments through the CRED app provide a lower value of 1 point = ₹0.5. Points are automatically applied wherever relevant within the ecosystem.
Value of CRED Points
CRED Points are different from CRED Coins. Points can be redeemed for bill payments, flights, hotels, products on the CRED store, or select CRED Pay merchants.
- Online Purchases (Outside the CRED App): Earn 5 CRED Points for every ₹100 spent.
- Transactions Within CRED Ecosystem: CRED Pay, Ixigo (flights), Expedia (hotels): Earn 5 CRED Points per ₹100 spent.
- Offline Payments & UPI Scan & Pay: Earn 1 CRED Point per ₹100 spent.
- For flights, hotels, or products on the CRED store: 1 point = ₹1 when redeemed.
- For bill payments through CRED app: 1 point = ₹0.5 (lower redemption value).
CRED Points Breakdown
- General value: 1 point = 1 rupee
- Bill payment value: 1 point = 0.5 rupee
- Validity: 24 months from earning
- Usage: Only at select CRED Pay merchants
For example, 2000 CRED points can give 2000 rupees value when shopping at partner merchants, but only 1000 rupees when paying bills through CRED.
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Caps and Limitations
The maximum accelerated rewards for online or CRED ecosystem spends are 5,000 points per billing cycle. For UPI Scan & Pay, the cap is 500 points per cycle. Points remain valid for 24 months. The card does not earn rewards on certain spends including school fees, government institutions, wallet loads, rent, jewellery, fuel, quasi cash or cash withdrawals, and utilities or insurance outside CRED app.
Example: How CRED Cashback is Calculated
- ₹10,000 on CRED Pay, flights, or hotels → 5% rewards = 500 points
- ₹10,000 on online shopping outside CRED → 5% rewards = 500 points
- ₹10,000 on offline or UPI Scan & Pay → 1% rewards = 100 points
Total monthly points = 1,100 points. These can be redeemed across flights, hotels, and the CRED store, converting everyday spending into value.
Who Should Consider This Card?
This card is best for users who frequently use CRED for bill payments, travel bookings, or online shopping. If your spending is mostly outside CRED, or you prefer direct cashback, this card may feel restrictive since rewards are largely locked to the CRED ecosystem.
Top Benefits of CRED Sovereign RuPay Credit Card
- Exclusive 18k gold-plated design for CRED users.
- 5% cashback on online and CRED ecosystem purchases.
- Automatic rewards on eligible spends—no manual redemption required.
- Access to premium partner offers within the CRED app.
- 24-month validity for all CRED Points earned.
FAQ About CRED Sovereign RuPay Credit Card
1. What is the CRED Sovereign Credit Card?
The CRED Sovereign Credit Card is an exclusive RuPay credit card by IndusInd Bank in partnership with CRED, designed for frequent CRED users who want higher rewards and a premium card design.
2. Who is eligible to apply for the CRED IndusInd Bank Credit Card?
Currently, it is invite-only. Existing CRED users may receive a notification in the app if they are eligible. The application process is digital and straightforward.
3. How much cashback can I earn with the CRED Sovereign Credit Card?
Online and CRED ecosystem transactions earn 5% (5 points per ₹100), while offline payments and UPI Scan & Pay earn 1% (1 point per ₹100). Points can be redeemed at select CRED merchants, the CRED store, flights, and hotels.
4. How do CRED Points differ from CRED Coins?
CRED Points can be redeemed for real-world purchases like flights, hotels, and CRED store products, whereas CRED Coins are mainly used for in-app benefits or rewards.
5. Is there a cap on CRED Points?
Yes, the max accelerated points are 5,000 per billing cycle for online/CRED ecosystem spends, and 500 points for UPI Scan & Pay. Points remain valid for 24 months.
6. Where can I use the CRED Points?
CRED Points can be redeemed for flights, hotels, products on the CRED store, and select CRED Pay merchants. Bill payments give a lower redemption value of 1 point = ₹0.5.
7. Can non-CRED users apply?
No, this card is exclusive to CRED users, and application is invite-only through the CRED app.
8. What is the value proposition for frequent CRED users?
Users who pay bills, shop online, or book travel through CRED can maximize rewards with 5% cashback, plus access partner offers, and automatically earn points on every eligible transaction.
9. Is this card suitable for offline spenders?
If your spending is mostly offline or outside CRED, the rewards are limited to 1% cashback and some categories are excluded, making it less valuable.
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Conclusion
The CRED Sovereign RuPay Credit Card is a premium option for frequent CRED users who want to convert everyday spends into meaningful rewards. Its exclusive 18k gold-plated design, accelerated CRED Points, and ecosystem benefits make it stand out among other RuPay cards. By understanding the caps, redemption values, and eligible spends, users can maximise the value of this card.
