Indusind bank introduce reward points redemption charges

[Kamalraj]

Hey

I got email from indusind bank that they introduce new charges for points redemption

Information on Reward Points Redemption Program Changes
With effect from 1
st April 2025, following revisions will be applicable on reward points redemption
using your IndusInd Bank Credit Card:
 For Reward Points redemption against Cash Credit on IndusMoments portal, a revised fee of
Rs. 149 + GST will be applicable.
 Fees on ‘twid - Pay With Rewards’ program will be applicable on each transaction for reward
points redemption as mentioned below:
twid – Pay With Rewards Slabs Fees
Reward Points redemption up to 200 points Rs. 10 + GST
Reward Points redemption from 201 to 500 points Rs. 15 + GST
Reward Points redemption above 501 points Rs. 20 + GST
Reward Points redemption for any flights Rs. 50 + GST
 Revision in Reward Points Redemption on ‘twid - Pay with Rewards’ program, threshold to be
reduced from 2
nd transaction onwards from 15% to 12.50% on travel & 10% on other
categories.
Category 1
st Transaction 2
nd
Transaction onwards
Travel 15% 12.50%
Others 15% 10%
 Customers can redeem only 50% of their total Reward Points balance against cash credit
redemption. This will be an additional filter along with the product level monthly capping for
reward points redemption against cash credit. Customers will be able to redeem reward
points whichever is lesser, either 50% of the reward points balance or the monthly capping on
reward points redemption against cash credit

 

[akiratoriyama]

Slowly reasons reduce to have an indusind credit card day by day

 

[hender]

Slowly reasons reduce to have an indusind credit card day by day

Better to redeem before 31 Mar, if carry good collection of points.

 

[akiratoriyama]

Better to redeem before 31 Mar, if carry good collection of points.

Thankfully zeroed out via twid before.

 

[abhiaj98]

Hey

I got email from indusind bank that they introduce new charges for points redemption

Information on Reward Points Redemption Program Changes
With effect from 1
st April 2025, following revisions will be applicable on reward points redemption
using your IndusInd Bank Credit Card:
 For Reward Points redemption against Cash Credit on IndusMoments portal, a revised fee of
Rs. 149 + GST will be applicable.
 Fees on ‘twid - Pay With Rewards’ program will be applicable on each transaction for reward
points redemption as mentioned below:
twid – Pay With Rewards Slabs Fees
Reward Points redemption up to 200 points Rs. 10 + GST
Reward Points redemption from 201 to 500 points Rs. 15 + GST
Reward Points redemption above 501 points Rs. 20 + GST
Reward Points redemption for any flights Rs. 50 + GST
 Revision in Reward Points Redemption on ‘twid - Pay with Rewards’ program, threshold to be
reduced from 2
nd transaction onwards from 15% to 12.50% on travel & 10% on other
categories.
Category 1
st Transaction 2
nd
Transaction onwards
Travel 15% 12.50%
Others 15% 10%
 Customers can redeem only 50% of their total Reward Points balance against cash credit
redemption. This will be an additional filter along with the product level monthly capping for
reward points redemption against cash credit. Customers will be able to redeem reward
points whichever is lesser, either 50% of the reward points balance or the monthly capping on
reward points redemption against cash credit

They are developing expertise on decreasing credit card market share. Didnt know a bank needed one of those.

 

[AlgoTrader]

time to redeem all points

 

[greenmail007]

Today, already redeemed in morning. But damn it's a capped at 7500 points per month.

 

[CreditCardFino]

Will there be any redemption fee if I pay with rewards?

 

[akiratoriyama]

Will there be any redemption fee if I pay with rewards?

View attachment 85691

Charges are starting from 1 april. Nothing for now.