IndusInd Pioneer Heritage Metal Credit Card: Now with Zero Forex Charges – A Game-Changer for International Spenders!

[Vineet Kumar]

Friends,

In an era where most major banks are scaling back on credit card benefits, IndusInd Bank has made a bold move with its top-tier offering, the Pioneer Heritage Metal Credit Card. Effective from 5th October 2024, the card now comes with Zero Forex Charges, making it a standout option for frequent international spenders.

Here are some highlights that make this card incredibly attractive:

• Zero Foreign Currency Mark-up
• 2.5 Rewards Points per ₹100 spent internationally
• Value of 1 Reward Point = ₹1 cash credit
• No Cash Advancement/Withdrawal Charges
• No Late Payment Fee, and No Over Limit Fee
• Unlimited Domestic and International Lounge Access
• Complimentary ITC Club Culinaire Membership
• EasyDiner benefits: ₹6000 off annually on dining
• BookMyShow perks: ₹16,000 worth of movie tickets annually (4 tickets worth ₹1000 each per quarter)
• Unlimited Golf Lessons and Games

The rewards structure makes it the most lucrative option for international spenders, especially given the zero-forex markup and the cash credit redemption ratio.

As someone who got the card through a special pricing offer, I can confidently say it's a no-brainer for me. The value-packed features are hard to ignore.

However, the question remains:
Is it worth the investment of ₹1,80,000 + GST as a one-time joining fee (Lifetime Free thereafter), or ₹90,000 as the joining fee and ₹25,000 annual fee thereafter?

What’s your take?

 

[drsel]

Definitely not worth that much.
Better off going for Magnus burgundy, Atlas and Infinia

 

[vijay.vj]

Friends,

In an era where most major banks are scaling back on credit card benefits, IndusInd Bank has made a bold move with its top-tier offering, the Pioneer Heritage Metal Credit Card. Effective from 5th October 2024, the card now comes with Zero Forex Charges, making it a standout option for frequent international spenders.

Here are some highlights that make this card incredibly attractive:

• Zero Foreign Currency Mark-up
• 2.5 Rewards Points per ₹100 spent internationally
• Value of 1 Reward Point = ₹1 cash credit
• No Cash Advancement/Withdrawal Charges
• No Late Payment Fee, and No Over Limit Fee
• Unlimited Domestic and International Lounge Access
• Complimentary ITC Club Culinaire Membership
• EasyDiner benefits: ₹6000 off annually on dining
• BookMyShow perks: ₹16,000 worth of movie tickets annually (4 tickets worth ₹1000 each per quarter)
• Unlimited Golf Lessons and Games (with ₹25,000 spend in the previous month)

The rewards structure makes it the most lucrative option for international spenders, especially given the zero-forex markup and the cash credit redemption ratio.

As someone who got the card through a special pricing offer, I can confidently say it's a no-brainer for me. The value-packed features are hard to ignore.

However, the question remains:
Is it worth the investment of ₹1,80,000 + GST as a one-time joining fee (Lifetime Free thereafter), or ₹90,000 as the joining fee and ₹25,000 annual fee thereafter?

What’s your take?

These cards are meant to be as LTF based on your relationship with bank. Not worth paying the 2L+ GST Fees.

I have been trying to get Indulge LTF (again 2L + GST card) but they are only willing to offer it at 15k+GST.

 

[WandereR]

I have been trying to get Indulge LTF (again 2L + GST card) but they are only willing to offer it at 15k+GST.

Is that a one time fee or annually?

 

[sourpai]

That is too much fees to pay.

It is not worth it! Many such benefits are available for much lower priced cards easily. If you want zero fees markup, look at IDFC Wow, Au Ixigo and RBL Safari cards. Other benefits mentioned are available in some shape and form on other cards

 

[vijay.vj]

Is that a one time fee or annually?

Was one time... no vouchers nothing

 

[drvenkat]

not worth the fees to be paid

 

[Fini7777]

Was one time... no vouchers nothing

Did u opt for it
I am trying to get it with as much low fee as possible
I didn't ask my RM yet
How should I negotiate with them for LTF or 15k one time fee?

 

[vijay.vj]

Did u opt for it
I am trying to get it with as much low fee as possible
I didn't ask my RM yet
How should I negotiate with them for LTF or 15k one time fee?

I tried a lot, didnt get LTF and I'm not sure to spend 15K onetime as Indus may change card benefit's anytime with one months notice.

 

[kvndsz512]

I tried a lot, didnt get LTF and I'm not sure to spend 15K onetime as Indus may change card benefit's anytime with one months notice.

but with 15k fees its not ltf u will have to spend 10L for waiver i guess

 

[Vineet Kumar]

Although I possess PHM as LTF, but it is almost certain that in no case PHM or Indulge has been offered less than 50% of the one time LTF fee, leave alone any sum 15K or otherwise.

It is quite rare that one can get that 50% off on one time LTF fee of 2L applicable for both at present, or 90K previously for Indulge.

There are other threads also about fellows telling that Pioneer was offered at 15K, while it was actually Pinnacle.

Hope this is not the case here.

 

[vijay.vj]

but with 15k fees its not ltf u will have to spend 10L for waiver i guess

I doubt...
Not sure how much truth is there in commitment.

 

[vijay.vj]

Although I possess PHM as LTF, but it is almost certain that in no case PHM or Indulge has been offered less than 50% of the one time LTF fee, leave alone any sum 15K or otherwise.

It is quite rare that one can get that 50% off on one time LTF fee of 2L applicable for both at present, or 90K previously for Indulge.

There are other threads also about fellows telling that Pioneer was offered at 15K, while it was actually Pinnacle.

Hope this is not the case here.

Would be fun if they do that... I already have 2 pinnacles (one got upgraded from legend).

 

[kvndsz512]

I doubt...
Not sure how much truth is there in commitment.

not possible bro 15k fees ltf for indulge or pioneer metal heritage

its the paid one ... i also had got offer via rm but then spending 10L on such bad rewarding card no point so didnt take

 

[kvndsz512]

Although I possess PHM as LTF, but it is almost certain that in no case PHM or Indulge has been offered less than 50% of the one time LTF fee, leave alone any sum 15K or otherwise.

It is quite rare that one can get that 50% off on one time LTF fee of 2L applicable for both at present, or 90K previously for Indulge.

There are other threads also about fellows telling that Pioneer was offered at 15K, while it was actually Pinnacle.

Hope this is not the case here.

here see ss 15k fees is there but its paid variant u need to spend 10L every yr for waiver

 

[vibrant143]

I doubt...
Not sure how much truth is there in commitment.

15k plus gst is joining fee and there is 25k plus gst as annual fee. This offer is for select customer only.

 

[vmahajan]

Hello All,

I recently received the Pioneer Heritage metal card and a 1 Lakh worth of Gyftr vouchers for the following redemption option -

1. INGLOT
2. Behrouz Biryani
3. EaseMyTrip Hotels
4. EaseMyTrip Holiday
5. BATH & BODY WORKS
6. MX Player
7. ALDO
8. Marks & Spencer
9. Bata
10. Disney+ Hotstar
11. Brooks Brothers -Luxe Gift Card
12. Armani Exchange-Luxe Gift Card
13. Auric
14. Luxe Gift Card
15. EatSure
16. ORGANIC INDIA
17. Nykaa
18. Dune-Luxe Gift Card
19. MakeMyTrip Holiday e-Pay
20. Love Beauty & Planet
21. The Man Company
22. Healthians
23. Assembly
24. Skullcandy
25. Fastrack
26. Mothercare-Luxe Gift Card
27. Oven Story
28. Wendy's
29. Paul Smith- Luxe Gift Card
30. Superdry-Luxe Gift Card
31. Steve Madden-Luxe Gift Card
32. Scotch & Soda -Luxe Gift Card
33. Satya Paul- Luxe Gift Card
34. Replay- Luxe Gift Card
35. Coach-Luxe Gift Card
36. Michael Kors-Luxe Gift Card
37. Luxe gift card – Emporio Armani
38. Luxe Gift Card - Diesel
39. Hugo Boss-Luxe Gift Card
40. Hamleys-Luxe Gift Card
41. GAS-Luxe Gift Card
42. G-STAR-Luxe Gift Card
43. Skinn
44. Beer Cafe
45. OLA CABS
46. Archies Gallery
47. Appreciate Subscription
48. FITPASS
49. Only
50. Jack & Jones
51. BIBA
52. Fabindia
53. Daily Objects
54. Baskin Robbins
55. GIVA
56. Jockey
57. The Body Shop
58. Skechers
59. Foxtale
60. Faasos
61. Domino's Pizza
62. VICTORIA'S SECRET
63. VICTORIA'S SECRET BEAUTY
64. BEVERLY HILLS POLO
65. Sweet Truth
66. The Good Bowl
67. TATA CLiQ
68. Sweet Bengal
69. MakeMyTrip Hotel e-Pay
70. Arrow
71. W
72. Puma
73. Taj Experiences
74. Surat Diamonds
75. Mamaearth
76. CALL IT SPRING
77. Woodland
78. SonyLIV
79. William Penn
80. Veromoda
81. CHARLES & KEITH
82. Titan
83. PVR
84. Hidesign
85. Hush Puppies
86. Gini & Jony
87. Kama Ayurveda
88. Wonderchef
89. Wildcraft
90. Hammer
91. DocuBay
92. Beyoung
93. R&B
94. Netmeds
95. Flipkart Supercoins
96. ITC Hotels
97. Cleartrip Hotel

TataCliq appears to be the best option, but the purchase of gold coins through giftcard isn’t available. Any suggestions for maximizing and optimally using the vouchers?

I would appreciate any senior guidance.

Thanks and regards
Vidushi

 

[Fini7777]

Hello All,

I recently received the Pioneer Heritage metal card and a 1 Lakh worth of Gyftr vouchers for the following redemption option

hi, can u pls let us know how u successfully acquired heritage cc and ur relationship with IndusInd as It will help others too

 

[vibrant143]

Hello All,

I recently received the Pioneer Heritage metal card and a 1 Lakh worth of Gyftr vouchers for the following redemption option -

1. INGLOT
2. Behrouz Biryani
3. EaseMyTrip Hotels
4. EaseMyTrip Holiday
5. BATH & BODY WORKS
6. MX Player
7. ALDO
8. Marks & Spencer
9. Bata
10. Disney+ Hotstar
11. Brooks Brothers -Luxe Gift Card
12. Armani Exchange-Luxe Gift Card
13. Auric
14. Luxe Gift Card
15. EatSure
16. ORGANIC INDIA
17. Nykaa
18. Dune-Luxe Gift Card
19. MakeMyTrip Holiday e-Pay
20. Love Beauty & Planet
21. The Man Company
22. Healthians
23. Assembly
24. Skullcandy
25. Fastrack
26. Mothercare-Luxe Gift Card
27. Oven Story
28. Wendy's
29. Paul Smith- Luxe Gift Card
30. Superdry-Luxe Gift Card
31. Steve Madden-Luxe Gift Card
32. Scotch & Soda -Luxe Gift Card
33. Satya Paul- Luxe Gift Card
34. Replay- Luxe Gift Card
35. Coach-Luxe Gift Card
36. Michael Kors-Luxe Gift Card
37. Luxe gift card – Emporio Armani
38. Luxe Gift Card - Diesel
39. Hugo Boss-Luxe Gift Card
40. Hamleys-Luxe Gift Card
41. GAS-Luxe Gift Card
42. G-STAR-Luxe Gift Card
43. Skinn
44. Beer Cafe
45. OLA CABS
46. Archies Gallery
47. Appreciate Subscription
48. FITPASS
49. Only
50. Jack & Jones
51. BIBA
52. Fabindia
53. Daily Objects
54. Baskin Robbins
55. GIVA
56. Jockey
57. The Body Shop
58. Skechers
59. Foxtale
60. Faasos
61. Domino's Pizza
62. VICTORIA'S SECRET
63. VICTORIA'S SECRET BEAUTY
64. BEVERLY HILLS POLO
65. Sweet Truth
66. The Good Bowl
67. TATA CLiQ
68. Sweet Bengal
69. MakeMyTrip Hotel e-Pay
70. Arrow
71. W
72. Puma
73. Taj Experiences
74. Surat Diamonds
75. Mamaearth
76. CALL IT SPRING
77. Woodland
78. SonyLIV
79. William Penn
80. Veromoda
81. CHARLES & KEITH
82. Titan
83. PVR
84. Hidesign
85. Hush Puppies
86. Gini & Jony
87. Kama Ayurveda
88. Wonderchef
89. Wildcraft
90. Hammer
91. DocuBay
92. Beyoung
93. R&B
94. Netmeds
95. Flipkart Supercoins
96. ITC Hotels
97. Cleartrip Hotel

TataCliq appears to be the best option, but the purchase of gold coins through giftcard isn’t available. Any suggestions for maximizing and optimally using the vouchers?

I would appreciate any senior guidance.

Thanks and regards
Vidushi

I think no one else can answer this question except you. You can select the voucher based on your requirement.
Travel vouchers are discouraged as discount will not be applicable.

 

[vmahajan]

hi, can u pls let us know how u successfully acquired heritage cc and ur relationship with IndusInd as It will help others too

I am having indusind exclusive savings account and maintaining around 1cr as TRV (family banking). Recently i was offered heritage metal card with the condition that i need to open pioneer account with them.I was ok and got the heritage metal card with one time fee of 1L (LTF from 2nd year onwards). This special approval i got based on my last 4 years relationship with them.Now i am figuring out how to make best use of the 1L vouchers 😄