Devaluation Important update - Changes on IndusInd Bank Platinum RuPay Credit Card

[Sathishmani]

Change in Reward Points Value

From 15th December 2024, the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.60

Fee on Education Payments
w.e.f January 2025 statements
Cumulative Education Payment transactions made through third-party websites and applications including (but not limited to) PhonePe, Paytm, No Broker, Easemydeal, Super Pe, Locon Cred for transactions up to ₹45,000 in a statement cycle will not attract any fee.
However, if your spends on education exceeds ₹45,000 in a statement cycle, only on third-party website as mentioned above, a 1% Fee + GST will be levied on the cumulative spends for that statement cycle.

 

[tempmirzaa]

Important update - Changes on your IndusInd Bank Legend Credit Card

Milestone Benefit - Bonus Reward Points
With effect from 15th Dec 2024, your milestone spend slab has been reduced
to ₹5 Lakhs, on achieving ₹5 Lakhs in an anniversary year,
you will earn 3000 Bonus Reward Points.​

 

[cardio_guy]

After BOB, second devaluation to end the day. Good night.
We will be seeing more in the coming days.

 

[rojajimmy]

The devaluations are not stopping
We really need to get newer cards now

 

[akshayhs]

We really need to get newer cards now

And then next year, you will be at the same place where you started.

 

[rojajimmy]

And then next year, you will be at the same place where you started.

Its ok. Its an endless cycle. Cat and mouse game with customers and banks.

 

[pgarg24]

So no news on pinnacle as of yet right?

 

[vine]

Its ok. Its an endless cycle. Cat and mouse game with customers and banks.

Not good for the credit card industry.
They need people to keep using cards and not keep churning new cards.

 

[rojajimmy]

Not good for the credit card industry.
They need people to keep using cards and not keep churning new cards.

If banks cared about it, they would not do this. Nobody cares. HDFC has not done this SHIT so far on its premium cards (AND I REALLY WISH THEY DO NOT)

 

[Sathishmani]

So no news on pinnacle as of yet right?

Yes, so far no updates. Will see

 

[vine]

If banks cared about it, they would not do this. Nobody cares. HDFC has not done this SHIT so far on its premium cards (AND I REALLY WISH THEY DO NOT)

They did.
What's that sh#t about 70% from points and 30% from same card. Absolutely devalues the experience.

 

[vishalgupta2]

They did.
What's that sh#t about 70% from points and 30% from same card. Absolutely devalues the experience.

That isn't close to add bad as what many other cards have done.

I think the cards they devalued the most is DCB, mostly from how much you can earn, not directly in terms of point value.

 

[rojajimmy]

I have had the DCB LTF for ALMOST 5 years (in Jan 025) and I do not use it much so I am happy as long as I have unlimited Lounges worldwide. Its the best feature for me. No extra crds to carry. Swipe it anywhere directly

 

[vine]

That isn't close to add bad as what many other cards have done.

I think the cards they devalued the most is DCB, mostly from how much you can earn, not directly in terms of point value.

True.
If they charge 12k fees and keep fiddling with rewards twice a year, many people will not even want to take it. Many of those who have taken might go looking elsewhere and find another card.

 

[taskmaster]

I have a 1000 points on my Indusind Rupay card what can be the best redemption option for me?

 

[keval]

What is the current redemption value? How big is the devaluation?