New Pioneer Account and Pioneer Heritage Metal Card Proposal?

[KumarS]

I am looking to open new pioneer banking relationship with Indusind bank, the branch Pioneer RM is saying he will offer the following;

- Pioneer Banking - with Pioneer Mastercard Debit Card (no charges) need to open with Initial cheque of 10L, and need to maintain 30L, can be done over next 1 year.
- Pioneer Heritage Metal Mastercard - One time Fee of 90K+GST Fees, against which he will issue me voucher, he is willing to offer Yatra Voucher, I am asking for Amazon Pay or similar. what is your experience recently on this, and what all can be negotiate to sweeten the deal?

Looking forward for your suggestion. Thanks

 

[KumarS]

N

nothing actually. Hardly AQB of 1 lakh , I have a LAP of 50 lakhs with them . Apart from that nothings asked for FD or balances. For pioneer metal I’m getting 1 lakh worth non essential vouchers ( will pick yatra mostly ) and I’m paying 1 lakh fee for a LTF card.

Thanks this is helpful, are they giving in writing that card is LTF after one time fee and voucher?

also, can you share your experiences on voucher redemption when you get it?

How many days it takes to get the fees on card and to receive voucher?

 

[KumarS]

But overall question is, is the card worth the fee? They dont negotiate for nothing. I have banged my head but they are very pathetic. Small stuff like RM Change takes more than a month. Account opening took 2 months. Went through every Escalation channels, met all the eligibilities, gave the cheque of the amount demanded by the bank.

If you ask me, it depends
I want to utilize all the benefits comes with both debit and credit card of pioneer but would not like to keep any large balance with them, e.g. if I utilize few bms movie tickets, EazyDiner discount, free fx transaction on debit and some benefits on ITC, on all my family banking account, I think I fully recover more than the cost of GST paid.

 

[KumarS]

It's true, bank officials say they have discontinued the MasterCard variant. I requested for MasterCard variant as secondary card that was also denied. I requested for MasterCard as primary that is also denied. After reading this thread i requested for metal debit card i got denied again. Got some new insight that even debit card also has a eligibility. After opening 3 pioneer accounts they have eligibility for metal debit card. I think no one should waste time negotiating with IndusInd. Its a no for everything.

Thanks for sharing, it's new for me.
How can show and advertise as metal card and Mastercard when they only issue visa. I am going to ask on email and then only will proceed with opening cards,/accounts if any

 

[elite34700]

Thanks this is helpful, are they giving in writing that card is LTF after one time fee and voucher?

also, can you share your experiences on voucher redemption when you get it?

How many days it takes to get the fees on card and to receive voucher?

In writing I got the sales proposal , I have the country head approval screenshot with me for safe keeping. Sure, will let you know when voucher arrives. So for fee payment all in all there is 30+ days of time in my case once posted , for vouchers we need to send an email post fee payment.

 

[jhanglaniyash]

Thanks for sharing, it's new for me.
How can show and advertise as metal card and Mastercard when they only issue visa. I am going to ask on email and then only will proceed with opening cards,/accounts if any

If you are going to mail Escalation matrix provided on their website. I think you would waste your time. Escalation via branch could get you answers tho. Even CC team on call says they have master card variant but cant be issued as secondary

 

[jhanglaniyash]

If you ask me, it depends
I want to utilize all the benefits comes with both debit and credit card of pioneer but would not like to keep any large balance with them, e.g. if I utilize few bms movie tickets, EazyDiner discount, free fx transaction on debit and some benefits on ITC, on all my family banking account, I think I fully recover more than the cost of GST paid.

I think only BMS on Metal Heritage is something thats great. Giving you a heads-up the quota for DC and other cards get over with no time. Its difficult to get b1g1 on good movies thats just released.

 

[jhanglaniyash]

Thanks for sharing, it's new for me.
How can show and advertise as metal card and Mastercard when they only issue visa. I am going to ask on email and then only will proceed with opening cards,/accounts if any

Also these guys are so foolish, after negotiating with the nodal officer for metal heritage LTF, at first they denied and then i kept on negotiating the officer made a mistake and wrote that i can avail metal heritage at 45k no other annual fee with a 50k voucher. I instantly said yes and they instantly denied saying we are sorry the 45k plan is discontinued. Can you believe the nodal team are not aware of their own product. I mailed MD regarding this, the ticket was closed without answer. Wrote to RBI Ombudsman, trust me they did nothing but rephrased the apology.

 

[KumarS]

In writing I got the sales proposal , I have the country head approval screenshot with me for safe keeping. Sure, will let you know when voucher arrives. So for fee payment all in all there is 30+ days of time in my case once posted , for vouchers we need to send an email post fee payment.

Thank you, can I DM you?

 

[KumarS]

I think only BMS on Metal Heritage is something thats great. Giving you a heads-up the quota for DC and other cards get over with no time. Its difficult to get b1g1 on good movies thats just released.

Then it is not worth it, I guess
Any experience of Mastercard Elite Benefits like ITC culinary membership etc?

I'm mainly looking for MasterCard elite card both debit and credit, don't have these cards currently.

 

[KumarS]

If you are going to mail Escalation matrix provided on their website. I think you would waste your time. Escalation via branch could get you answers tho. Even CC team on call says they have master card variant but cant be issued as secondary

Branch guys disappeared after initial discussion.

 

[Enthusiast]

If i wanted to open my salary account with Indusind...
Do anyone have information on different cards eligibility based on the amount of salary credit per month which they offer?

 

[jhanglaniyash]

Then it is not worth it, I guess
Any experience of Mastercard Elite Benefits like ITC culinary membership etc?

I'm mainly looking for MasterCard elite card both debit and credit, don't have these cards currently.

According to few experts on TF, its not that worthy to spend so much. No personal experience

 

[jhanglaniyash]

Branch guys disappeared after initial discussion.

Expected. Same happened with me. No help after that

 

[anirban.choudhuryanirban.choudhury is verified member.]

Then it is not worth it, I guess
Any experience of Mastercard Elite Benefits like ITC culinary membership etc?

I'm mainly looking for MasterCard elite card both debit and credit, don't have these cards currently.

If you are taking the card only for MC world elite , I would suggest to skip it , the features of MC world elite looks better on paper than in real life usage , plus the Indian variants misses out on many features that are offered in the west .

Pioneer heritage only USP is BMS free ticket per quarter and if you play golf every week then you can count that too as a USP , apart from that there is nothing to cherish.

ED discount of 3000 is available on other HNI cards too.

 

[KumarS]

If you are taking the card only for MC world elite , I would suggest to skip it , the features of MC world elite looks better on paper than in real life usage , plus the Indian variants misses out on many features that are offered in the west .

Pioneer heritage only USP is BMS free ticket per quarter and if you play golf every week then you can count that too as a USP , apart from that there is nothing to cherish.

ED discount of 3000 is available on other HNI cards too.

Mainly looking for few reasons, only if value proposition is LTF [after offsetting voucher cost]
1. Mastercard WE benefits (as I many good card but all Visa Infinite)
2 BMS, which I have magnus
3 Indusind offers
4. GOLF yes, will try to explore although it's available on infinia as well
5. ED 6 monthly benefits card, currently I have on Magnus only 1 time a year

If the hassle is too much I will skip it, it js not worth the time, as I currently have more than great relationship with HDFC bank with imperia, infinia etc.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Mainly looking for few reasons, only if value proposition is LTF [after offsetting voucher cost]
1. Mastercard WE benefits (as I many good card but all Visa Infinite)
2 BMS, which I have magnus
3 Indusind offers
4. GOLF yes, will try to explore although it's available on infinia as well
5. ED 6 monthly benefits card, currently I have on Magnus only 1 time a year

If the hassle is too much I will skip it, it js not worth the time, as I currently have more than great relationship with HDFC bank with imperia, infinia etc.

For point 5 , it's different than the birthday coupon that is there on Magnus.

Magnus gets 50% off upto 3000
Indusind HNI gets flat 3000 off , so if your bill is 3000 , you just pay 1 Rs for card authentication

 

[jhanglaniyash]

For point 5 , it's different than the birthday coupon that is there on Magnus.

Magnus gets 50% off upto 3000
Indusind HNI gets flat 3000 off , so if your bill is 3000 , you just pay 1 Rs for card authentication

Indus hni 3k ED now applicable only on 5 star dining, it lost its worth.

 

[DDYYMM]

I don't know how people after paying 90k+gst calling it ltf if you are paying anything for such card for 1% rr it's a waste. Because of some people are ready to pay for this silly card bank now thinking they have best credit card in the industry. Wake up i would say

 

[KumarS]

Indus hni 3k ED now applicable only on 5 star dining, it lost its worth.

Twice in a year at 5 star restaurant, not bad, I would say.

 

[KumarS]

I don't know how people after paying 90k+gst calling it ltf if you are paying anything for such card for 1% rr it's a waste. Because of some people are ready to pay for this silly card bank now thinking they have best credit card in the industry. Wake up i would say

See again, one should be very clear, why card is applied and hold for example, SBI, Kotak, onecard, although it's useless I keep only for offers and discount and same will be applicable for Magnus for next 1 year, and same may be for indusind pioneer, regarding voucher vs LTF, it should be purely based on travel have already so yatra voucher is fine so no loss to me.