IndusInd Bank Limited announced the launch of IndusInd Bank PAYBACK Credit Card, a co-branded credit card in partnership with PAYBACK - the country's large multi-brand loyalty program. With the IndusInd Bank PAYBACK Credit Card, the 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. All the points earned in the customer's card account will be transferred to the customer's PAYBACK account and can then be redeemed for a slew of exciting options such as dining, hopping, entertainment, 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 merchant terminal. A key proposition of the `IndusInd Bank PAYBACK Credit 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. Customers can also redeem points to avail instant vouchers from over hundred brands at any of the PAYBACK Partners. Key Features of the `IndusInd Bank PAYBACK Credit Card: Shopping: Customer can earn 5 PAYBACK points on every INR 100 spent on a wide range of categories like departmental stores, groceries, apparels and more, Dining: Customers can earn 5 PAYBACK Points on every INR 100 spent on dining, Movies: Customers can earn 20 PAYBACK Points on every INR 100 spent on movies and entertainment related activities, Other spends: Customers will also earn 2 PAYBACK points on every INR 100 spent on all other expenses except fuel, Monthly/Annual bonus: Eligible customers will get monthly and annual bonus rewards of 500 and 2,000 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 and Fuel Surcharge: Fuel surcharges are completely waived off across all petrol pumps in India.