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Is IndusInd Bank still issuing the Legend CC as LTF? Is it worth it?

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CosmicCat

CosmicCat

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I'm self-employed and have a CIBIL score of around 775 with no enquiries in the past one year. I don't have any existing relationship with IndusInd Bank.

I'm curious, is IndusInd Bank still issuing the Legend CC as LTF? My sole purpose to obtain this card is to open the Select savings account as it has a zero MAB requirement and provides an LTF debit card.

Is this card easily approved though? And is it still worth it?
 
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CosmicCat said:
I'm self-employed and have a CIBIL score of around 775 with no enquiries in the past one year. I don't have any existing relationship with IndusInd Bank.

I'm curious, is IndusInd Bank still issuing the Legend CC as LTF? My sole purpose to obtain this card is to open the Select savings account as it has a zero MAB requirement and provides an LTF debit card.

Is this card easily approved though? And is it still worth it?
Click to expand...
DM me ur number will give best offer
 
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Fini7777 said:
It might not be entirely true.

My mom closed her credit card four months ago, but the lead was still not deleted from their records, and she hasn’t been able to reapply for a new credit card.

I was in a similar situation, but recently I updated my mobile number in their bank records. Perhaps because of that, I was able to reapply and received the Legend credit card. However, I’m very disappointed with the limit. I’m planning to close it, but I’m worried that if I close it now, I might not be able to get a credit card in the future when I need one.

@RS1910 can we get a cc again if we close it now?
Click to expand...
Applied for new cc post closure exactly on 91st Day.
Applied on 26 Jan , approved today ( 28 Jan).
Also they gave exact limit which they showed during application process unlike my last application where they approved 25% of eligible limit.
 
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Fini7777 said:
can u share the process
how did u apply? through an agent or website?
Click to expand...
I applied myself through their official website.
After entering PAN and OTP application proceeded ( i had fear of error as heard before ) , filled the details.

I was shown eligible limit same as my last application ( I had no belief in them offering the same due to their prior fiasco ).

I was offered Legend , Platinum , Aura , ED , Pinnacle, Qatar etc but I chose the Legend( might upgrade it later ). Later VKYC was done.

Received no confirmation mail or messages of application submission or application no.

Today received mail of them welcoming to indus valley civilisation and later text with last 4 digits to activate the card.
While doing the same I could see the approved limit as shown eligible during application.

No Physical Verification or additional documentation were asked.
 
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Fini7777 said:
yes, it's a standard practice but I don't recommend it bcoz they sometimes don't clear cheques for a long time
It took around 25 days for them to clear my mother's IP Cheque

yes, they'll send u link to pay the IP amount

In Indusind bank there's only one CIF number for a cust and diff customer IDs that's why I suggested u to ask branch or cs team to map ur card to savings acc so that u will not be levied any non maint fee, Linking both sometimes don't work

Yes
Click to expand...
Hey, do you mind making a whole proper guide on how to go about it after getting indusind legend cc to get select account. I tried reading either I am dumb or I just can't understand some of it.
 
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GTSaketh said:
Hey, do you mind making a whole proper guide on how to go about it after getting indusind legend cc to get select account. I tried reading either I am dumb or I just can't understand some of it.
Click to expand...
after getting legend cc don't create a mobile banking user-id
method 1: Offline process
--> Visit ur nearest IndusInd branch
--> Ask them to open a select SA for you (don't ask them about 0 MAB or legend cc linking)
--> They will complete the process and ask you for IP cheque of 50k or above, tell them that you wish to do IP online , they will generate a payment link
--> Complete the payment using UPI/DC from ur another bank account (Name should match in other bank account through which u r transferring IP amount)
--> They will issue a temporary welcome kit and ur account will be activated in a few hours without any issues.
--> After the account is activated create a net banking password and log in --> link ur legend cc with select account

That's it.

Method 2: Online account opening
-->I've heard that they usually freeze online accounts for unnecessary reasons, and sometimes you have to visit the bank to update your signature.
-->You can open an account online, but make sure to declare your annual income on the higher side to avoid account freeze issues later due to high-value transactions.
-->After account activation, link your credit card with the selected account via net banking. That’s enough to make your account zero MAB, and you can continue using it without any issues.
 
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Fini7777 said:
after getting legend cc don't create a mobile banking user-id
method 1: Offline process
--> Visit ur nearest IndusInd branch
--> Ask them to open a select SA for you (don't ask them about 0 MAB or legend cc linking)
--> They will complete the process and ask you for IP cheque of 50k or above, tell them that you wish to do IP online , they will generate a payment link
--> Complete the payment using UPI/DC from ur another bank account (Name should match in other bank account through which u r transferring IP amount)
--> They will issue a temporary welcome kit and ur account will be activated in a few hours without any issues.
--> After the account is activated create a net banking password and log in --> link ur legend cc with select account

That's it.

Method 2: Online account opening
-->I've heard that they usually freeze online accounts for unnecessary reasons, and sometimes you have to visit the bank to update your signature.
-->You can open an account online, but make sure to declare your annual income on the higher side to avoid account freeze issues later due to high-value transactions.
-->After account activation, link your credit card with the selected account via net banking. That’s enough to make your account zero MAB, and you can continue using it without any issues.
Click to expand...
I am a student. So if I am opening account through offline. Can I say student in application or do I have to something else with high income too? Or they don't ask? Sorry I never opened offline so don't know exact procedure
 
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GTSaketh said:
I am a student. So if I am opening account offline through. Can I say student in application or do I have to something else with high income too? Or they don't ask? Sorry I never opened offline so don't know exact procedure
Click to expand...
They'll ask ur employment details

in ur case I'd suggest opening account online through vkyc
just mention self employed and select annual income range according to ur Txns pattern
this is the easiest and fastest method.
 
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GTSaketh said:
Hey, do you mind making a whole proper guide on how to go about it after getting indusind legend cc to get select account. I tried reading either I am dumb or I just can't understand some of it.
Click to expand...
The important question - Is Select 0 MAB still worth having?
These threads will also help you:

R

Thread 'How to open Indusind Select account with new Indusind Legend credit card ?'

Hi,
I have recently received IndusInd Legend credit card. I don't have bank account with IndusInd right now. Now I wish to get the Select account as zero balance by using the Legend card. How can I get it ?
1. Open any IndusInd account -> link legend credit card -> upgrade to select
Or
2. Open Select account by depositing MAB -> Link legend card -> get it confirmed that account is now zero balance
Which of the above method will be better.
Also is there any other option ?
Anyway who did get select zero balance please guide me. Thanks
  • Like

H

Post in thread 'Linking Legend credit card and IndusInd Select savings account.'

master99 said:
@Hemang Any updates?
Click to expand...
Dear Customer,



Greetings from IndusInd Bank Limited!


We refer to your query dated July 05, 2024 received through reachus@indusind.com regarding your account.


We would like to inform that your account will be treated as a 0 balance saving account only until credit card is in live status. That mean your credit card will be take in as surrogate as per the schedule of charges available in website.


https://www.indusind.com/content/da...ges/savings-account/SOB-SELECT-30-12-2022.pdf


We wish to inform you...
 
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Fini7777 said:
They'll ask ur employment details

in ur case I'd suggest opening account online through vkyc
just mention self employed and select annual income range according to ur Txns pattern
this is the easiest and fastest method.
Click to expand...
Last question. In online opening also I should be opening select account right?

Also will the account always be 0 AMB? And any other hidden charges?

Thank you for answering 🙂
 
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GTSaketh said:
Last question. In online opening also I should be opening select account right?
Click to expand...
yes, directly open select account online
GTSaketh said:
Also will the account always be 0 AMB? And any other hidden charges?
Thank you for answering 🙂
Click to expand...
no hidden charges
when it comes to legend cc as a criteria for converting select acc to 0 MAB - they may change their criteria any time without any prior intimation.
 
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