Indus Exclusive Debit better rewarding than Pioneer Debit? Any Catch?

[Rishabh]

Hello Folks,

Today I was comparing reward benefits for Exclusive & Pioneer debit cards from IndusInd & I think the Exclusive card gives more rewards than Pioneer if spends are above 5000.

Value per Point:
Exclusive Debit card: 0.35rs
Pioneer Debit card: 1rs

Base Reward Rate:
Exclusive Debit card: 2 points for every Rs 200 (i.e. 0.35% return rate per 100rs spend)
Pioneer Debit card: 1 points for every Rs 200 (i.e. 0.5% return rate per 100rs spend)

Pioneer is better just by 0.15% than exclusive basis base rate. But Exclusive debit card comes with 6x reward booster if spends exceed above 5000rs as below: -

6X Rewards Structure for every Rs 200, as per the following grid:
Upto Rs. 5000: 2 Reward Points per Rs. 200 (i.e. 0.35% return rate per 100rs spend)
Rs. 5001 - 10,000: 3 Reward Points per Rs. 200 (i.e. 0.525% return rate per 100rs spend)
Rs. 10,001 - 20,000: 4 Reward Points per Rs. 200 (i.e. 0.7% return rate per 100rs spend)
Rs. 20,001 - 40,000: 5 Reward Points per Rs. 200 (i.e. 0.875% return rate per 100rs spend)
Above Rs. 40,000: 6 Reward points per Rs. 200 (i.e. 1.05% return rate per 100rs spend)

Pioneer debit card will reward 0.5% irrespective of amount of spends. Also I checked the spends exclusions T&C are same for both the debit cards.
Only benefit with Pioneer is no upper cap on reward earn & redemption limit compared to Exclusive.

So basis above does Exclusive card rewards better than Pioneer or I am missing something? Any catch?

PS. I have got one account upgraded to Pioneer and other account still Exclusive which I am planning to upgrade to Pioneer as well but above debit card benefits now stopping me to go for upgrade.

If above holds true, then Pioneer team shall need to relook benefits on their debit card to make it above par than exclusive.

 

[Pissant]

The only catch is the capping on reward points. Pioneer DC has no cap.

 

[Rishabh]

The only catch is the capping on reward points. Pioneer DC has no cap.

So better to hold Exclusive card and one Pioneer card.
Not sure if we can have both with Pioneer account 😛

 

[Pissant]

So better to hold Exclusive card and one Pioneer card.
Not sure if we can have both with Pioneer account 😛

I think you can. I have Exclusive, Select and Pioneer DC

 

[Rishabh]

I think you can. I have Exclusive, Select and Pioneer DC

How you managed to hold Exclusive & Select along with Pioneer?

 

[Pissant]

How you managed to hold Exclusive & Select along with Pioneer?

With Exclusive account you can also apply for Select card via app. It used to have the same reward rate as the Exclusive card but not it has been devalued and become useless. The cards remained active after being upgraded to Pioneer.

 

[Rishabh]

Hello Folks,

Today I was comparing reward benefits for Exclusive & Pioneer debit cards from IndusInd & I think the Exclusive card gives more rewards than Pioneer if spends are above 5000.

Value per Point:
Exclusive Debit card: 0.35rs
Pioneer Debit card: 1rs

Base Reward Rate:
Exclusive Debit card: 2 points for every Rs 200 (i.e. 0.35% return rate per 100rs spend)
Pioneer Debit card: 1 points for every Rs 200 (i.e. 0.5% return rate per 100rs spend)

Pioneer is better just by 0.15% than exclusive basis base rate. But Exclusive debit card comes with 6x reward booster if spends exceed above 5000rs as below: -

6X Rewards Structure for every Rs 200, as per the following grid:
Upto Rs. 5000: 2 Reward Points per Rs. 200 (i.e. 0.35% return rate per 100rs spend)
Rs. 5001 - 10,000: 3 Reward Points per Rs. 200 (i.e. 0.525% return rate per 100rs spend)
Rs. 10,001 - 20,000: 4 Reward Points per Rs. 200 (i.e. 0.7% return rate per 100rs spend)
Rs. 20,001 - 40,000: 5 Reward Points per Rs. 200 (i.e. 0.875% return rate per 100rs spend)
Above Rs. 40,000: 6 Reward points per Rs. 200 (i.e. 1.05% return rate per 100rs spend)

Pioneer debit card will reward 0.5% irrespective of amount of spends. Also I checked the spends exclusions T&C are same for both the debit cards.
Only benefit with Pioneer is no upper cap on reward earn & redemption limit compared to Exclusive.

So basis above does Exclusive card rewards better than Pioneer or I am missing something? Any catch?

PS. I have got one account upgraded to Pioneer and other account still Exclusive which I am planning to upgrade to Pioneer as well but above debit card benefits now stopping me to go for upgrade.

If above holds true, then Pioneer team shall need to relook benefits on their debit card to make it above par than exclusive.

Any views from TF Community veterans/masters? 🙂
@bhavyegoel @SSV @TechnoFino @vaibhav111 ,etc.

 

[Ram1]

Yeah Exclusive dc is so better than pioneer dc.
If u have pinnacle cc, it's cherry on top(zero balance)

 

[SSV]

Any views from TF Community veterans/masters? 🙂
@bhavyegoel @SSV @TechnoFino @vaibhav111 ,etc.

you can check recent changes here, even though it doesn't impact Poineer DC.

I dont have Poineer DC, so can't comment about this as of now..
However, I have Exclusive DCs , they are very good wi th regard to Reward Rates and recent changes did not impact Exclusive Dc, thank God !!

Devaluation Thread 'Notification of upcoming changes to IndusInd Debit Card Features and Benefits'

Oct 2, 2024

Effective 1st November 2024, the benefits and features on IndusInd Bank Debit Cards will be revised as per the below:

Debit Card Offer Changes

www.indusind.com

TL; DR:

• Swiggy: Now 10% (up to ₹300), reduced from 20%.
• BigBasket: Now 10% (up to ₹150), reduced from 20%.
• BookMyShow: Now offers 2 free movie only tickets for most cards, except Mastercard Titanium Delights and Visa Platinum Max (1 free movie only ticket).
• No more rewards:
  • On Visa Classic, Gold...

• helloworld
• Replies: 88
• Forum: Debit Card

• 
• 
• 

 

[Axelblaze]

I think you can. I have Exclusive, Select and Pioneer DC

Bro can we hold delight and exclusive DC at the same time. I currently have delight account with IndusInd and delight dc, since I have legend CC planning to upgrade to exclusive account. Can I keep the delight card as well once I upgrade to exclusive. Please share gyaan.. exclusive/select I may be mistaken

 

[SSV]

Any views from TF Community veterans/masters? 🙂
@bhavyegoel @SSV @TechnoFino @vaibhav111 ,etc.

you can check recent changes here, even though it doesn't impact Poineer DC.

I dont have Poineer DC, so can't comment about this as of now..
However, I have Exclusive DCs , they are very good wi th regard to Reward Rates and recent changes did not impact Exclusive Dc, thank God !!

Devaluation Thread 'Notification of upcoming changes to IndusInd Debit Card Features and Benefits'

Oct 2, 2024

Effective 1st November 2024, the benefits and features on IndusInd Bank Debit Cards will be revised as per the below:

Debit Card Offer Changes

www.indusind.com

TL; DR:

• Swiggy: Now 10% (up to ₹300), reduced from 20%.
• BigBasket: Now 10% (up to ₹150), reduced from 20%.
• BookMyShow: Now offers 2 free movie only tickets for most cards, except Mastercard Titanium Delights and Visa Platinum Max (1 free movie only ticket).
• No more rewards:
  • On Visa Classic, Gold...

• helloworld
• Replies: 88
• Forum: Debit Card

• 
• 
• 

Hello Folks,

Today I was comparing reward benefits for Exclusive & Pioneer debit cards from IndusInd & I think the Exclusive card gives more rewards than Pioneer if spends are above 5000.

Value per Point:
Exclusive Debit card: 0.35rs
Pioneer Debit card: 1rs

Base Reward Rate:
Exclusive Debit card: 2 points for every Rs 200 (i.e. 0.35% return rate per 100rs spend)
Pioneer Debit card: 1 points for every Rs 200 (i.e. 0.5% return rate per 100rs spend)

Pioneer is better just by 0.15% than exclusive basis base rate. But Exclusive debit card comes with 6x reward booster if spends exceed above 5000rs as below: -

6X Rewards Structure for every Rs 200, as per the following grid:
Upto Rs. 5000: 2 Reward Points per Rs. 200 (i.e. 0.35% return rate per 100rs spend)
Rs. 5001 - 10,000: 3 Reward Points per Rs. 200 (i.e. 0.525% return rate per 100rs spend)
Rs. 10,001 - 20,000: 4 Reward Points per Rs. 200 (i.e. 0.7% return rate per 100rs spend)
Rs. 20,001 - 40,000: 5 Reward Points per Rs. 200 (i.e. 0.875% return rate per 100rs spend)
Above Rs. 40,000: 6 Reward points per Rs. 200 (i.e. 1.05% return rate per 100rs spend)

Pioneer debit card will reward 0.5% irrespective of amount of spends. Also I checked the spends exclusions T&C are same for both the debit cards.
Only benefit with Pioneer is no upper cap on reward earn & redemption limit compared to Exclusive.

So basis above does Exclusive card rewards better than Pioneer or I am missing something? Any catch?

PS. I have got one account upgraded to Pioneer and other account still Exclusive which I am planning to upgrade to Pioneer as well but above debit card benefits now stopping me to go for upgrade.

If above holds true, then Pioneer team shall need to relook benefits on their debit card to make it above par than exclusive.

What you mentioned about the reward rates for Exclusive and Pioneer DCs are pretty much accurate.. and what I can see the main difference is for Pioneer there is no limit to earn and burn the RPs per month, where as Exclusive DCs have limits.. mentioned like below:

 

[Ram1]

Bro can we hold delight and exclusive DC at the same time. I currently have delight account with IndusInd and delight dc, since I have legend CC planning to upgrade to exclusive account. Can I keep the delight card as well once I upgrade to exclusive. Please share gyaan.. exclusive/select I may be mistaken

Legend makes select account zero balance
Pinnacle makes exclusive account zero balance

So yes u can upgrade to select account and keep ur old delight dc

 

[Axelblaze]

Legend makes select account zero balance
Pinnacle makes exclusive account zero balance

So yes u can upgrade to select account and keep ur old delight dc

Thank you 👍

 

[Rishabh]

What you mentioned about the reward rates for Exclusive and Pioneer DCs are pretty much accurate.. and what I can see the main difference is for Pioneer there is no limit to earn and burn the RPs per month, where as Exclusive DCs have limits.. mentioned like below:

View attachment 77833

Yes, but even we consider 4 to 5 points average on a big value txn, it will still require more than 2lac spends to reach 5000 points cap. So for most of the spends in range of 50k to 1lac, Exclusive card gonna reward more than Pioneer.

I guess we shall share the above & tag to Pioneer team to revisit their card features 😛

 

[PANK]

I recently upgraded my account from select to exclusive
I have visa Signature Dc with my select account
And after upgrade I received Visa Signature with exclusive account
When I contacted coustomer care they told me to block one card to issue Mc world Dc as rewards comes in 4-5 working days on Setu

I want to know if I close my Select Visa Signature and request for exclusive MasterCard
Will my exclusive visa Signature is free for my account

 

[PANK]

I recently upgraded my account from select to exclusive
I have visa Signature Dc with my select account
And after upgrade I received Visa Signature with exclusive account
When I contacted coustomer care they told me to block one card to issue Mc world Dc as rewards comes in 4-5 working days on Setu

I want to know if I close my Select Visa Signature and request for exclusive MasterCard
Will my exclusive visa Signature is free for my account

Any one can help me with my question

 

[SSV]

Will my exclusive visa Signature is free for my account

Y e s .
Both visa and master DCs are free for exclusive account

 

[Panthera_Tigris]

I just got the Pioneer metal DC and was surprised to see that it has far less reward points rate than the lower variants. Don't know what IndusInd product guys are smoking.

 

[Rishabh]

Does IndusInd debit cards: Signature or Pioneer gives rewards on School fee payment?

I checked the rewards T&C but I dont see Education as exclusion. Anyone recently made payment for Education category using Indus debit card please confirm.

Also any other bank debit card which gives rewards on Education fee payment?

 

[Anindya98]

Also any other bank debit card which gives rewards on Education fee payment?

IDFC DC will give rewards