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Devaluation IndusInd Bank credit cards' reward points devaluation w.e.f 1st April 2025,
- Thread starter Strange
- Start date
jhanishdev
TF Select
Got the Indusind Tiger last year and the card is already sleeping in the drawer since a few months. I understand the economics of credit card spends and how it needs to be profitable but Indusind sucks big time in overall credit card appeal.
Their BMS offer does not work and Tiger card lost its appeal when Vistara stopped being a partner.
Not every credit card can be an Infinia or Emeralde metal and that is alright but trying to charge lacs as welcome fees for cards that have half the benefits of competition only makes sense for the HNI who do not really care about credit card points in the first place.
Their BMS offer does not work and Tiger card lost its appeal when Vistara stopped being a partner.
Not every credit card can be an Infinia or Emeralde metal and that is alright but trying to charge lacs as welcome fees for cards that have half the benefits of competition only makes sense for the HNI who do not really care about credit card points in the first place.
Heehaahee
TF Premier
Even HN1 won't care, they don't have the glamour of Amex or Citi..
anonymuos
TF Legend
Yes. So IndusInd credit cards, IDFC and RBL are actually not lifetime free. The redemption fee is the card fee even if we redeem the points once a year or once every 3 years. Meanwhile they continuously devalue the points. IDFC devalues the earn rate, IndusInd is worse, they devalue the value of points so accumulated points also get more and more worthless.
Last edited:
IDontThinkSo
TF Premier
Most people do not used to get card because they want it, but rather they fell for it. They have it so they are using it.
People spent 3,000 Crore with BoBCards in Jan month while 8800 Cr with IndusInd. That is almost thrice the amount with same number of cards in the market (~30L cards of both BoB and IndusInd).
Also, per card spends of IndusInd (~29K) is higher than the top issuers like HDFC (~21K), etc.
Even AmEx used to stay behind IndusInd in per card spends a while ago, however Amex currently stands at 37K being the top per card spending card issuer.
Not sure which card is being used, but people are using IndusInd Bank cards nonetheless.
panchabhut
TF Ace
Now reward value is practically gone. Worst impact in twid pay route. Only the megastar 2X benefit remain but that also is ending 31st March, I think. So come April, time to switch to other options.
Das.N
TF Legend
In the timeframe of almost 2 years , I have accumulated only 16 points in my Indusind Legend Credit Card.
Imagine, how much I have used the legendary card.
Aanewala, 10 saal mein bhi mera iss card pe 100 reward points nehi hoga.
Jis din legend+Select benifit khatam, mera card bhi uss din e khatam hoga.
Imagine, how much I have used the legendary card.
Aanewala, 10 saal mein bhi mera iss card pe 100 reward points nehi hoga.
Jis din legend+Select benifit khatam, mera card bhi uss din e khatam hoga.
panchabhut
TF Ace
Got credit for July to Dec. Jan and Feb pending. They normally credit after 70-80 days of stmt. I mainly use for CC-UPI
Strange
TF Prestige
I didn't get reward points for Ecom transactions done through Legend credit card.
panchabhut
TF Ace
Is the card showing in your profile in indie app and were points reflected in your card stmt?
Strange
TF Prestige
Yep. I got 2x reward points for a few months in the starting but I haven't received 2x reward points in the last 3-4 months.
panchabhut
TF Ace
Did you maintain 50K+ in indie acct for the entire period?
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