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Devaluation Notification of upcoming changes to IndusInd Debit Card Features and Benefits

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Short version:

On Visa Signature and Mastercard World cards on Exclusive/Select, Lounge access devalued from 2 per quarter to 1. Major devaluation on BigBasket discount (20% off upto Rs 500 per month -> 10% off upto Rs 150 per month) 🤡. BMS BOGO devalued from 3 per quarter to 2. For Visa Signature Exclusive, BMS Events/Theatre/Concerts discount removed (now only Movies). Only Pioneer and higher DCs now have BMS BOGO on Events as well.

On Visa Platinum on Exclusive/Select: Rewards program discontinued entirely and existing RPs devalued from 1 RP=0.35 to 0.15. Only BMS and lame BigBasket discount present. Visa Gold: Rewards program discontinued
 
anonymuos said:
Short version:

On Visa Signature and Mastercard World cards on Exclusive/Select, Lounge access devalued from 2 per quarter to 1. Major devaluation on BigBasket discount (20% off upto Rs 500 per month -> 10% off upto Rs 150 per month) 🤡. BMS BOGO devalued from 3 per quarter to 2. For Visa Signature Exclusive, BMS Events/Theatre/Concerts discount removed (now only Movies). Only Pioneer and higher DCs now have BMS BOGO on Events as well.

On Visa Platinum on Exclusive/Select: Rewards program discontinued entirely and existing RPs devalued from 1 RP=0.35 to 0.15. Only BMS and lame BigBasket discount present. Visa Gold: Rewards program discontinued
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Nice summary. People have made 6-7 threads to copy paste the same table from website
 
vine said:
I asked a friend of mine, he has Grande account.
He said Grande World is different from normal Grande. Not sure if he knows stuff. Then I got confused
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that must be 'mastercard world' card comes with 'grande' account, in short bank may call it 'Grande world'.

Similarly for 'visa signature' card comes with 'exclusive' account, in short bank call it as 'signature exclusive' or 'world exclusive' for mastercard.

[Card network variant] [account variant name]
 
Manju09 said:
My Select signature card starts with 4053-4223 & platinum card starts with 4363-9323 which are not in exclusion list. Can I hope that they are not devalued??
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VISA Signature Select Debit Cards starting with 40534223, 40534229
Mastercard World Select Debit Cards starting with 52789806		Swiggy20% off upto Rs 600 per month;
applicable thrice per month		10% off upto Rs 300 per month;
applicable thrice per month
Bigbasket20% off upto Rs 500 per month;
applicable once per month		10% off upto Rs 150 per month;
applicable once per month
BookMyShow3 FREE Movie tickets per quarter
(Max Discount = Rs 500 per ticket)		2 FREE Movie tickets per quarter
(Max Discount = Rs 500 per ticket)
Lounge2 complimentary domestic lounge access per quarter1 complimentary domestic lounge access per quarter
Reward PointsAs per IndusRewards program
1 RP = Rs 0.35		As per IndusRewards program
1 RP = Rs 0.35


VISA Platinum Select Debit Cards starting with 43639303, 43639304, 43639323, 43639324, 43639333, 43639334Swiggy20% off upto Rs 600 per month;
applicable thrice per month		10% off upto Rs 300 per month;
applicable thrice per month
Bigbasket10% off upto Rs 150 per month;
applicable once per month		10% off upto Rs 150 per month;
applicable once per month
BookMyShow3 FREE Movie tickets per quarter
(Max Discount = Rs 500 per ticket)		2 FREE Movie tickets per quarter
(Max Discount = Rs 500 per ticket)
LoungeN/AN/A
Reward PointsAs per IndusRewards program
1 RP = Rs 0.35		IndusRewards program will not be applicable.
1 RP = Rs 0.15 for all outstanding reward points
 
helloworld said:
Effective 1st November 2024, the benefits and features on IndusInd Bank Debit Cards will be revised as per the below:

Debit Card Offer Changes

www.indusind.com www.indusind.com

TL; DR:
  • Swiggy: Now 10% (up to ₹300), reduced from 20%.
  • BigBasket: Now 10% (up to ₹150), reduced from 20%.
  • BookMyShow: Now offers 2 free movie only tickets for most cards, except Mastercard Titanium Delights and Visa Platinum Max (1 free movie only ticket).
  • No more rewards:
    • On Visa Classic, Gold, Platinum, Platinum Max, Platinum Duo, Platinum Exclusive and MasterCard Titanium, Titanium Plus, Titanium Metro Cards.
  • Lounge Access: Reduced from 2 to 1 visit for most cards, except for MasterCard Delights and Visa Signature Delite (2 visits).
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Would it still make sense if we're trying to open exclusive salary account just to get signature debit card for rewards against cc bill payments
 
Optimiser007 said:
rewards against cc bill payments
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this is always in a bubble and no bank "officially" allowed or provide reward points for cc bill payments. as long as it works you need to take advantage but as said bubble can burst anytime and prepare for alternative.

Do not recommend to open "salary account" just to get reward points for "cc bill payments". Moreover, its cumulatively 0.93% that means need to spend 1L every month to get that rate. If you spend only 50k as bill payments you might get only 0.5% and also with Indus we never know when the points credited.

So, 0.5% reward rate not worth the hassle to open "salary account", IMO. Open account only if you like that product or branch people otherwise even credit cards in Indus not much value and doesn't required salary account to use them.
 
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