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