Swiggy Allows to Redeem IndusInd Credit Card Reward Points

[jyothisthaliath]

This took me by surprise today morning when I tried to order something from Swiggy app. The payment option is showing this new section called Rewards. Currently it is giving me option to redeem my IndusInd Pinnacle credit card points. Not showing any option for other cards I keep.

I think it's good for someone who don't want to dig deep into the reward system and just get some discount out of the orders.

And best of all, no redemption fees applicable! 🥳 Sadly, IndusInd has sent email that starting from 1st April 2025, redemption fees are applicable for redeeming via Twid. So better redeem the rewards before the changes come into effect!



It is a partnership of Swiggy with PayWithRewards (Twid) rewards. You can redeem upto 15% of the order value. Eg. If the order is 500, you can redeem points worth Rs.75. The conversion rate is roughly 0.84 for RP to cash. Discount is applied on the final amount. Remaining amount should be paid using IndusInd credit card while redeeming the points.

Tip: In case this section is not showing for you, try saving the IndusInd credit card details in your Swiggy app. It might solve the issue. Also as per tweet from PayWithRewards, this feature is being rolled out in phases, so if you don’t see it yet, no worries! It’s on its way.

 

[jyothisthaliath]

Off topic question, but how much did you pay as joining fee for the pinnacle card? And which brand did you choose for welcome voucher?

I got offer for 5K joining fees, which is waived off by 50k spend in first quarter. I fulfilled the condition and zero fee was paid by me for Pinnacle

 

[jyothisthaliath]

Any redemption charges ?

I had redeemed some points yesterday through Swiggy app. So far nothing is charged to my card. Let's wait and see

 

[darthvader1]

IGP also

 

[cardio_guycardio_guy is verified member.]

IGP alsoView attachment 83417

This is twidpay UI. So people are right. It is integration with twidpay rewards.

 

[jyothisthaliath]

Got this info from a reddit comment. Couldn't find any website or link to confirm this


Source: https://www.reddit.com/r/CreditCardsIndia/s/Z42jDv45u2

🎉 Hey there, foodies! Looks like Pay with Rewards powered by Twid has caught your attention on Swiggy! 🍔🍕✨
Here’s the magic: When you add your favorite food to the cart, if you’ve got Zillion Points, IndusInd Bank Points, YES Rewardz Points, or some other cool banking points in your pocket, you’ll spot a shiny little strip above your total amount. 🌟
Just tap on that little gem (yep, click it!) and—*BAM*—you’ll see all your points. Pick the ones you want to use, and *watch the discounts roll in* like it’s the best food delivery hack ever. 🥳


Here are a couple of quick things to remember:

* There’s **no redemption or subscription fee** to use this feature (no Rs 99 + GST charge!).
* Twid is a super trusted platform, letting you use points from banks or brands like Flipkart Supercoins and Zillion across popular merchants like Bookmyshow, Jiomart, ConfirmTkt, Ixigo, Myntra, and more.

Quick note: This feature is being rolled out in phases, so if you don’t see it yet, no worries! It’s on its way. Stay tuned for some serious food savings. 📲💥

 

[n69b]

True. But you do miss out on rewards on the remaining amount

For example, in this case of swiggy. Let's say your order value is 450. You can use a maximum of 120 points for Rs 90 value (if you have 240 points at least). For the remaining 360, you get measly rewards. On the other hand, if you use HDFC Swiggy/HSBC Live+/Airtel Axis card, you get 10% cashback.

What I do is, I send money to my account via Snapay - twidpay and use indus points. After subtracting charges, points value comes to around Rs 0.6/pt

I am mostly using it for recharge and bill payment on jio where there's no other rewards option.

 

[jyothisthaliath]

Updated the main post with more info after using the rewards option multiple times😊

 

[jyothisthaliath]

Any redemption charges ?

So far no charges applied. Also, I have posted a reddit comment from PayWithRewards (Twid). They have also mentioned that there is no fees for redemption. So this is great news for IndusInd users to burn some of their RP

 

[jyothisthaliath]

True. But you do miss out on rewards on the remaining amount

For example, in this case of swiggy. Let's say your order value is 450. You can use a maximum of 120 points for Rs 90 value (if you have 240 points at least). For the remaining 360, you get measly rewards. On the other hand, if you use HDFC Swiggy/HSBC Live+/Airtel Axis card, you get 10% cashback.

What I do is, I send money to my account via Snapay - twidpay and use indus points. After subtracting charges, points value comes to around Rs 0.6/pt

Bro you do have a point, but just think about this. If I made that purchase of Rs.450 fully with any of the Swiggy cards, 10% reward only amounts to Rs.45. But in case of Twid, I am able to get an instant discount of Rs.67.50 off by redeeming RP. For people like me who don't want to play the points game for better redemption value, this seems to be the best way out to burn some RP and get an instant discount.

 

[SonyTom]

Pinnacle redemption to cash via indus moments is 0.75 per RP.
I find redeeming to cash the best value.

 

[Sriim]

Pinnacle redemption to cash via indus moments is 0.75 per RP.
I find redeeming to cash the best value.

Redemption fee ?

 

[SonyTom]

Redemption fee ?

Had redeemed 4 days back 1000 points. Got ₹750 credit to card. No redemption fee charged till now

 

[Aegon]

Off topic question, but how much did you pay as joining fee for the pinnacle card? And which brand did you choose for welcome voucher?

I paid 15k joining fee and choose amazon pay 10k voucher as joining benefit.
Took this upgrade specifically to get IndusInd exclusive account for my parents.

 

[Aegon]

Redemption fee ?

There is no redemption fee when redeemed with TWID
I've done it multiple times on Jio app, never got charged anything extra.

Redeeming for cash doesn't feel beneficial.

 

[pinki]

There is no redemption fee when redeemed with TWID
I've done it multiple times on Jio app, never got charged anything extra.

Redeeming for cash doesn't feel beneficial.

U always pay 5rs platform fee tho

 

[jyothisthaliath]

Pinnacle redemption to cash via indus moments is 0.75 per RP.
I find redeeming to cash the best value.

Here I'm getting Rs.31 for 37 points means 0.83 per RP. So conversion is better in this case, right ?

 

[SonyTom]

Here I'm getting Rs.31 for 37 points means 0.83 per RP. So conversion is better in this case, right ?

Taking your example of order value of ₹500, you pay ₹75 (90 RPs) and balance ₹425 with Pinnacle getting 4.25 RPs worth ₹3.

If you have any card which gives 5% on Swiggy, or pay with Amazon P

 

[SonyTom]

Scenario 1: Taking your example of ₹500 order value, you pay ₹75 with 90 RPs (gain of ₹8 compared to redeeming as cash) and balance ₹425 paid with Pinnacle getting 4.25 RPs worth ₹3.

Scenario 2: Instead of redeeming 90 points in Swiggy, if you redeem it in cash, you get ₹ 67. So you lose ₹8 here. But you pay the ₹500 with any card giving 5% in Swiggy or pay with Amazon Pay balance (loaded with 5% benefits with any card), you are actually paying ₹475 getting a return of ₹25.

So scenario 1 you gain ₹8+₹3= ₹11.
But lose ₹25.

Whew !!!
What a complicated calculation for saving ₹14. Let me take some rest now 😁

 

[BhaiyaJi]

Scenario 1: Taking your example of ₹500 order value, you pay ₹75 with 90 RPs (gain of ₹8 compared to redeeming as cash) and balance ₹425 paid with Pinnacle getting 4.25 RPs worth ₹3.

Scenario 2: Instead of redeeming 90 points in Swiggy, if you redeem it in cash, you get ₹ 67. So you lose ₹8 here. But you pay the ₹500 with any card giving 5% in Swiggy or pay with Amazon Pay balance (loaded with 5% benefits with any card), you are actually paying ₹475 getting a return of ₹25.

So scenario 1 you gain ₹8+₹3= ₹11.
But lose ₹25.

Whew !!!
What a complicated calculation for saving ₹14. Let me take some rest now 😁

In scenario 2, if yo use Swiggy card itslef, then we have a clear winner I guess.

 

[Sriim]

There is no redemption fee when redeemed with TWID
I've done it multiple times on Jio app, never got charged anything extra.

Redeeming for cash doesn't feel beneficial.

Asked for cash redemption only