IndusInd Bank Nexxt Credit Card

Name: IndusInd Bank Nexxt Credit Card
Brand: IndusInd Bank
Price: 10000 INR
Availability: InStock
Rating: 2.5 (1 reviews)

Overview

The IndusInd Bank Nexxt Credit Card is India's first interactive credit card. Three LED-lit buttons on the card face let you choose your payment mode at any POS terminal: EMI (6 to 24 months at 12%), reward points (minimum 500 needed), or standard credit. Press the button, wait for the LED to illuminate, then tap, swipe, or insert your card within 6 minutes. The joining fee is ₹10,000 with no annual fee.Rewards accumulate at 1 point per ₹150 on all purchases, placing it below most cards in this fee segment. Points never expire and can be redeemed through IndusMoments for merchandise, converted to Singapore Airlines KrisFlyer miles, or credited as cash (capped at 2,500 points per month from September 2024). The BookMyShow partnership gives buy-one-get-one movie tickets capped at ₹200 per free ticket, available twice monthly, worth up to ₹4,800 per year.A 1% fuel surcharge waiver applies at all petrol pumps across India with a minimum surcharge of ₹10. Travel insurance through The Oriental Insurance Company covers lost baggage up to ₹1 lakh, passport loss up to ₹50,000, and ₹25,000 each for delayed baggage, lost tickets, and missed connections. Total Protect covers unauthorised transactions from lost or stolen cards. Priority Pass membership is available on request at US$35 per visit with no complimentary visits.This card suits regular in-store shoppers who want instant EMI conversion without calling the bank or using an app. The ₹10,000 joining fee is steep for a card earning just 1 point per ₹150, and no complimentary lounge access limits its travel appeal. It delivers best value for those who prioritise interactive POS features and consistent movie savings.

Pros

↑Three LED buttons let you choose EMI, rewards, or credit payment at POS without calling the bank, a feature no other Indian credit card provides
↑Buy-one-get-one movie tickets on BookMyShow twice monthly can save up to ₹4,800 per year, strong value for regular movie-goers
↑1% fuel surcharge waiver covers all petrol pumps across India, not restricted to a single fuel brand like many competitor cards in this segment
↑Travel insurance includes ₹1 lakh lost baggage cover, ₹50,000 passport loss, and three additional coverages through The Oriental Insurance Company, uncommon at this tier
↑No annual fee means the ₹10,000 joining fee is a one-time cost with no recurring charges in subsequent years

Cons

↓Reward earn rate of 1 point per ₹150 is among the lowest in the ₹10,000 joining fee segment, where most cards earn 2 to 5 points per ₹100
↓No complimentary airport lounge visits; Priority Pass is available on request but each visit costs US$35, making it impractical for regular travellers
↓LED interactive features work only at physical POS terminals and do not apply to online, MOTO, IVR, Samsung Pay, or ATM transactions
↓Welcome gifts (Montblanc, Postcard Hotel, Vouchagram) are available only at select fee points, not guaranteed for all applicants

Key Highlights

Welcome Offer
Welcome gifts at select fee points
Montblanc products (watches, writing instruments, leather goods)
The Postcard Hotel stay voucher
Vouchagram vouchers (Amazon, Flipkart, Uber, Ola)
Vouchagram Premium (Pantaloons, Bata, Raymond)
Available at select fee points only, not all applicants

Reward Rate
1 point per ₹150 spent
1 reward point per ₹150 on all purchases
Points never expire
Redeem via IndusMoments, KrisFlyer miles, or cash credit
Cash credit capped at 2,500 points per month
Pay with Rewards button at POS (min 500 points)

Minimum Salary
Contact bank for eligibility
Age: 21 to 65 years
Income: not publicly disclosed (contact IndusInd Bank)
Indian citizen or resident
Credit score: 750+ recommended

Joining Fee
₹10,000
Joining fee: ₹10,000
Welcome gifts available at select fee points to offset cost
Options include Montblanc, Postcard Hotel, or Vouchagram

Annual Fee
No annual fee
No annual fee on the Nexxt Credit Card
No spend-based waiver condition needed
₹10,000 joining fee is a one-time cost only

Why Choose?
India's first interactive LED credit card
Three LED buttons: EMI, Rewards, Credit
Choose payment mode at POS by pressing a button
EMI: 6, 12, 18, or 24 months at 12%
Buy 1 get 1 movie ticket on BookMyShow (twice monthly)
1% fuel surcharge waiver at all pumps
Travel insurance up to ₹1 lakh (lost baggage)

Key Benefits

Dining

★3.0

▼

BookMyShow: buy 1 get 1 free movie ticket
Free ticket capped at ₹200 per ticket
Available twice per month
Must pay with IndusInd Nexxt Credit Card
Valid at all theatres registered on BookMyShow

Fuel

★3.0

▼

1% surcharge waiver at all petrol pumps across India
Not restricted to any single fuel brand
Minimum surcharge of ₹10 applies
GST on fuel surcharge borne by cardholder
Annual savings of roughly ₹240 on ₹2,000 monthly fuel spend

Lifestyle

★2.5

▼

India's first interactive credit card with LED buttons
Choose EMI, Rewards, or Credit at POS
Welcome gifts at select fee points (Montblanc, Postcard Hotel, Vouchagram)
Contactless tap-and-pay enabled

Reward Points

★2.0

▼

1 reward point per ₹150 on all purchases
Points never expire
Redeem via IndusMoments, KrisFlyer miles, or cash credit
Cash credit capped at 2,500 points per calendar month
Redemption fee: ₹100 (standard) or ₹149 (cash)

Merchant Offers

▼

BookMyShow buy 1 get 1 movie tickets (twice monthly)
Vouchagram and Vouchagram Premium welcome vouchers
IndusMoments portal for reward point redemption

Travel

★3.0

▼

Travel insurance via The Oriental Insurance Company
Lost baggage: up to ₹1,00,000
Loss of passport: up to ₹50,000
Delayed baggage, lost ticket, missed connection: ₹25,000 each
Priority Pass available on request (US$35 per visit, no free visits)

Airport Lounge Access

▼

No complimentary airport lounge visits
Priority Pass membership available on request
Each visit costs up to US$35 per person
Billed directly to your IndusInd Bank credit card

Liability Protection

▼

Total Protect: covers unauthorised transactions on lost/stolen card
Insurance for transactions up to 48 hours before reporting loss
Counterfeit card fraud protection
Coverage extends to add-on cards

Insurance

▼

Travel insurance through The Oriental Insurance Company
Lost baggage: ₹1,00,000
Delayed baggage: ₹25,000
Loss of passport: ₹50,000
Lost ticket: ₹25,000
Missed connection: ₹25,000
Total Protect fraud cover up to credit limit

Emi

▼

Instant EMI at POS via LED button on card
Tenures: 6, 12, 18, or 24 months
Interest rate: 12% (subject to change by bank)
Press EMI button once for 6 months, twice for 12, etc.
LED feature works only at physical POS, not online

Detailed Information

Joining Fee	₹10,000
Annual Fee	No annual fee
Annual Fee Waiver	Not applicable (no annual fee charged)
Monthly Percentage Rate	3.83%
Annual Percentage Rate	46%
Minimum Monthly Payment	2% of outstanding balance plus all EMI, fees, and finance charges
Foreign Currency Markup	3.5%
Late Payment Charges	₹100 to ₹1,300 based on outstanding
Overlimit Charges	2.5% of overlimit amount (min ₹500)
Cash Advance Fee	2.5% of amount (min ₹300)
Balance Transfer Fee	Contact bank for current rates
Fee For Supplementary Card	No fee
Card Replacement Fee	₹100
Fee For Duplicate Statement	₹100 per statement (beyond last 3 months)
Fee For Cheque Bounce	₹250

Age Requirement Salaried	21-65 years
Age Requirement Self Employed	21-65 years
Minimum Annual Income Salaried	Not publicly disclosed (contact IndusInd Bank)
Minimum Annual Income Self Employed	Not publicly disclosed (contact IndusInd Bank)
Minimum Credit Score	750+ recommended

Identity Proof	PAN Card (mandatory) Aadhaar Card Passport Voter ID
Address Proof	Aadhaar Card Passport Utility Bill (recent) Bank Statement
Income Proof Salaried	Latest 3 months salary slips Latest 3 months bank statement Form 16 or ITR
Income Proof Self Employed	Latest 2 years ITR Latest 6 months bank statement Business proof documents

Frequently Asked Questions

The joining fee is ₹10,000. There is no annual fee, so this is a one-time cost. Welcome gifts from Montblanc, The Postcard Hotel, or Vouchagram are available at select fee points to partially offset the joining cost.

No. The Nexxt Credit Card has no annual fee and no spend-based annual fee waiver condition. The only upfront cost is the ₹10,000 joining fee, which is a one-time charge at the time of card issuance.

The Nexxt is India's first interactive credit card with three LED-lit buttons on the card face. At any POS terminal, you can press a button to choose between EMI installments, reward point payment, or standard credit before completing the transaction. This feature is exclusive to in-store POS terminals and does not work for online purchases.

Press the desired payment button (EMI, Rewards, or Credit) before tapping or swiping. The LED indicator lights up and stays on for up to 6 minutes. During this window, complete your transaction at the POS terminal. The light switches off 20 seconds after a successful transaction or after 6 minutes if unused. To turn it off manually, press the same button again.

Press the EMI button on your card to select the tenure. Press once for 6 months, twice for 12 months, three times for 18 months, and four times for 24 months. Wait for the corresponding LED to illuminate, then swipe, insert, or tap at the POS. The EMI carries a 12% interest rate. This feature works only at physical POS terminals, not for online purchases.

You earn 1 reward point for every ₹150 spent on your Nexxt Credit Card across all purchase categories. Points do not expire. Select merchant categories may have revised earning rates as per IndusInd Bank's periodic updates.

No. Reward points on the Nexxt Credit Card do not carry an expiration date. You can accumulate and redeem them at your convenience through IndusMoments, KrisFlyer miles conversion, cash credit, or the Pay with Rewards button at POS.

You have four redemption options. First, use the Rewards button on the card at POS (minimum 500 points needed). Second, redeem through the IndusMoments portal for merchandise and vouchers. Third, convert to Singapore Airlines KrisFlyer miles. Fourth, redeem as cash credit to your card account, capped at 2,500 points per calendar month. A redemption fee of ₹100 (or ₹149 for cash) applies.

You get a buy-one-get-one-free movie ticket when booking on BookMyShow. The free ticket is capped at ₹200. If the ticket costs more than ₹200, you pay the difference using your Nexxt card. This offer is available twice per month across all theatres registered on BookMyShow. You must pay with your IndusInd Bank Nexxt Credit Card.

A 1% fuel surcharge waiver applies on transactions at any petrol pump across India, subject to a minimum surcharge of ₹10. GST on the fuel surcharge is still borne by the cardholder. This waiver is not restricted to any specific fuel brand, covering HPCL, BPCL, Indian Oil, and all other fuel stations nationwide.

The Nexxt card includes travel insurance through The Oriental Insurance Company with the following covers: lost baggage up to ₹1,00,000, delayed baggage up to ₹25,000, loss of passport up to ₹50,000, lost ticket up to ₹25,000, and missed connection up to ₹25,000. Coverage activates from the date of card setup.

Total Protect is a fraud protection programme that covers unauthorised transactions in case of card loss or theft. It provides insurance cover up to your credit limit for transactions made up to 48 hours before you report the card as lost. It also covers counterfeit card fraud where your card details are stolen and used on a duplicate card.

Priority Pass membership is available on request for Nexxt cardholders. However, there are no complimentary lounge visits included. Each lounge visit costs up to US$35 per person, billed to your credit card. If you need regular lounge access, consider IndusInd cards with complimentary visits such as the Pinnacle or Celesta.

Yes. The Nexxt is a chip-based contactless credit card. You can tap it at any merchant terminal that accepts contactless payments for quick transactions without entering a PIN for amounts within the RBI-set contactless limit. For larger amounts, chip-and-PIN authentication is required.

Yes. The Nexxt is a Visa card and works at any Visa-accepting merchant worldwide, both online and at physical stores. A 3.5% foreign currency markup applies on all international transactions. The LED interactive features (EMI, Rewards buttons) work only at Indian POS terminals and do not apply to international purchases.

The finance charge is 3.83% per month (46% per year). This applies to any outstanding balance carried past the payment due date. Paying the full statement balance by the due date avoids interest charges entirely. Interest on cash advances starts from the transaction date with no interest-free period.

Late payment fees range from nil (for balances up to ₹100) to ₹1,300 (for balances above ₹50,000). The slab structure is: ₹101 to ₹500 attracts ₹100, ₹501 to ₹1,000 attracts ₹350, ₹1,001 to ₹10,000 attracts ₹550, ₹10,001 to ₹25,000 attracts ₹800, and ₹25,001 to ₹50,000 attracts ₹1,100.

Cash advances carry a fee of 2.5% of the withdrawn amount (minimum ₹300). Interest at 3.83% per month starts from the withdrawal date with no interest-free period. Cash withdrawal from non-IndusInd Bank ATMs also incurs a ₹25 balance enquiry charge.

Welcome gift options include Montblanc products (watches, writing instruments, leather goods), a stay at The Postcard Hotel, and vouchers from Vouchagram (brands like Amazon, Flipkart, Uber) or Vouchagram Premium (brands like Pantaloons, Bata, Raymond). These gifts are available only at select fee points and may not apply to all applicants. Contact IndusInd Bank's phone banking or sales representative for applicable charges.

The minimum amount due is calculated as 2% of retail purchases and cash advance balances, plus 100% of EMI instalments, fees, charges, finance charges, and any overlimit amount. Paying only the minimum avoids late fees but triggers the 3.83% monthly interest on the remaining balance.

Overview

Pros

Cons

Key Highlights

Key Benefits

Detailed Information

Frequently Asked Questions

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