The ongoing downfall of IndusInd Legend Credit Card

[RewardsAlert]

Hey folks,
As you all I know I am having more than a decade of relationship with IndusInd and most banks with reference to credit cards.
I was randomly scrolling through my emails today and found an old mail dated way back in 2018, regarding an executive trying to upgrade my Indusind platinum aura to Legend.
and that too by charging a joining fee of Rs.25000+taxes during that time, against vouchers.
I was really surprised and amazed to see that this bank had the audacity to keep the joining fee as 25k that too five years back, for an average card, I know it is devalued, still it was average only.
Now I realise why they are distributing this legend card like toffees and chocolates to each and everyone out here even with C2C.
The downfall of this card in particular has been exponential as you can imagine, a fee of 25k to LTF.
The most surprising element about it is, they are calling it "Genesis Luxury"




I am interested to know what all are your humble opinions about this IndusInd Legend Credit Card and what should be our expectations from a bank like IndusInd? More devaluations or a good card like Eazydiner? Please comment your thoughts!
Also, attaching a Screenshot of PPT, what the executive had sent for the joining vouchers and redemptions.
Thanks!
An IndusInd Customer

 

[BVCBVC is verified member.]

We are in the Hyper age of credit cards. So everything is free and offered easily. As banks turnout to profitability soon all these lucrative will decrease.

 

[Moin]

It's getting competitive for the banks to keep up in credit card race.

 

[D7162]

I took Pinnacle with hefty fees of 25K and that too without any vouchers - in 2016. Because 2.5% everywhere was a great deal. After may be 2-3 years, they offered Indulge -invite only card (I hope i remember it right) worth 1 lakh as joining fees with no predefined limit and some 22k gold plated card etc.. but with 1.5% as reward so I denied - CC executive was like- sir this is invite only card and I replied- why to pay 1 lakh and get downgraded to 1.5 from 2.5 %

When I got pinnacle, it was in their SUPER PREMIUM category - BMS had separate quota for pinnacle and from last few years, i found Pinnacle was given free to everywhere, they downgraded their super premium to only premium - even BMS has all time quota exhausted

 

[RewardsAlert]

I took Pinnacle with hefty fees of 25K and that too without any vouchers - in 2016. Because 2.5% everywhere was a great deal. After may be 2-3 years, they offered Indulge -invite only card (I hope i remember it right) worth 1 lakh as joining fees with no predefined limit and some 22k gold plated card etc.. but with 1.5% as reward so I denied - CC executive was like- sir this is invite only card and I replied- why to pay 1 lakh and get downgraded to 1.5 from 2.5 %

When I got pinnacle, it was in their SUPER PREMIUM category - BMS had separate quota for pinnacle and from last few years, i found Pinnacle was given free to everywhere, they downgraded their super premium to only premium - even BMS has all time quota exhausted

Glad to have members you, who have something really valuable to share.
I can understand paying 25k for a card in 2016 with lower income compared to today, might be huge for a card.
But it really meant something as you were getting 2.5% rewards.
Seeing the trajectory of IndusInd card now, I don't feel their premium cards like Indulge or higher variants are worth with joining fee and vouchers.
Even if we look at pinnacle today, it is a straight loss of 5k as an upgrade to legend, considering gst and joining vouchers.
They are only worth if received LTF like few members here.
Someone would be really a HNI to get those cards with his surplus money.

 

[It_is_Naruto]

Hey folks,
As you all I know I am having more than a decade of relationship with IndusInd and most banks with reference to credit cards.
I was randomly scrolling through my emails today and found an old mail dated way back in 2018, regarding an executive trying to upgrade my Indusind platinum aura to Legend.
and that too by charging a joining fee of Rs.25000+taxes during that time, against vouchers.
I was really surprised and amazed to see that this bank had the audacity to keep the joining fee as 25k that too five years back, for an average card, I know it is devalued, still it was average only.
Now I realise why they are distributing this legend card like toffees and chocolates to each and everyone out here even with C2C.
The downfall of this card in particular has been exponential as you can imagine, a fee of 25k to LTF.
The most surprising element about it is, they are calling it "Genesis Luxury"

View attachment 15186View attachment 15189


I am interested to know what all are your humble opinions about this IndusInd Legend Credit Card and what should be our expectations from a bank like IndusInd? More devaluations or a good card like Eazydiner? Please comment your thoughts!
Also, attaching a Screenshot of PPT, what the executive had sent for the joining vouchers and redemptions.
Thanks!
An IndusInd Customer

Not only Legend I fail to understand the value in other offerings including Pinnacle or Indulge with amazingly high joining fee. The vouchers options are mostly which I won't take even on 50% discount.
I got Legend LTF last year and it is being used only for offers (which are anyways very less)... Have been exploring other options where I can explore but only one condition - LTF.
Executives are still like you mentioned " Sir ye Super premium cards LTF kaise milenge, And Hum aapka fee wapas kar rahe hain na as a special benefit ..Only for you".
Many times I doubt myself 😛

 

[shubhamosy]

I took Pinnacle with hefty fees of 25K and that too without any vouchers - in 2016. Because 2.5% everywhere was a great deal. After may be 2-3 years, they offered Indulge -invite only card (I hope i remember it right) worth 1 lakh as joining fees with no predefined limit and some 22k gold plated card etc.. but with 1.5% as reward so I denied - CC executive was like- sir this is invite only card and I replied- why to pay 1 lakh and get downgraded to 1.5 from 2.5 %

When I got pinnacle, it was in their SUPER PREMIUM category - BMS had separate quota for pinnacle and from last few years, i found Pinnacle was given free to everywhere, they downgraded their super premium to only premium - even BMS has all time quota exhausted

did you recovered your 25K fees?

 

[D7162]

did you recovered your 25K fees?

By earning rewards ? Yes its lot more than that. It was a time when most of the cards were in range of 1-2% and no restriction on reward for spending any amount anywhere

 

[krishc]

now Having LTF Legend also gives you Zero MAB Select account.
If they're serious, they'll notice this anomaly and patch it sooner or later.

 

[It_is_Naruto]

now Having LTF Legend also gives you Zero MAB Select account.
If they're serious, they'll notice this anomaly and patch it sooner or later.

Hmm...What are the benefits of Select account (if any specific)? How to apply?

 

[shubhamosy]

now Having LTF Legend also gives you Zero MAB Select account.
If they're serious, they'll notice this anomaly and patch it sooner or later.

for me it's says
As an esteemed IndusInd Bank Credit Card customer, you can now get an IndusInd Bank Advantage Savings Account at zero cost

 

[4uziaul]

Hmm...What are the benefits of Select account (if any specific)? How to apply?

Check this thread here

IndusInd bank Select Savings Account and Legend Credit Card

Hi. I received my Select Savings Account welcome kit today but I'm not able to link it with my legend credit card in mobile application. Please help. My 50000 is already stuck in select account and there is no way to take it out as I have to pay penalty as non maintenance charges. Please help 🥺

www.technofino.in

And if you have any further questions please ask in the relevant thread.

 

[RupayMan]

for me it's says
As an esteemed IndusInd Bank Credit Card customer, you can now get an IndusInd Bank Advantage Savings Account at zero cost

I got the same message today

 

[technom]

for me it's says
As an esteemed IndusInd Bank Credit Card customer, you can now get an IndusInd Bank Advantage Savings Account at zero cost

Did you get this account and if yes what are the benefits. Do they give LTF DC with this type of account

 

[skmonk]

By earning rewards ? Yes its lot more than that. It was a time when most of the cards were in range of 1-2% and no restriction on reward for spending any amount anywhere

Wish that time comes again.

 

[ltf4ever]

Hey folks,
As you all I know I am having more than a decade of relationship with IndusInd and most banks with reference to credit cards.
I was randomly scrolling through my emails today and found an old mail dated way back in 2018, regarding an executive trying to upgrade my Indusind platinum aura to Legend.
and that too by charging a joining fee of Rs.25000+taxes during that time, against vouchers.
I was really surprised and amazed to see that this bank had the audacity to keep the joining fee as 25k that too five years back, for an average card, I know it is devalued, still it was average only.
Now I realise why they are distributing this legend card like toffees and chocolates to each and everyone out here even with C2C.
The downfall of this card in particular has been exponential as you can imagine, a fee of 25k to LTF.
The most surprising element about it is, they are calling it "Genesis Luxury"

View attachment 15186View attachment 15189


I am interested to know what all are your humble opinions about this IndusInd Legend Credit Card and what should be our expectations from a bank like IndusInd? More devaluations or a good card like Eazydiner? Please comment your thoughts!
Also, attaching a Screenshot of PPT, what the executive had sent for the joining vouchers and redemptions.
Thanks!
An IndusInd Customer

useless card. I have it as ltf with 0 joining fees still a headache to deal with bank.

 

[Wealth is my birth right!]

useless card. I have it as ltf with 0 joining fees still a headache to deal with bank.

Due to that useless legend I got it upgrade to pinnacle which is useful to keep my mab zero in exclusive account
Banks sometimes make us fool if we don’t try to make them fool lol

 

[ltf4ever]

Banks sometimes make us fool if we don’t try to make them fool lol

banking sector summarised in 1 sentence 👏

 

[jhanglaniyash]

Shit bank, shit card, shit customer service. Idk why i extended my relationship with Indusind. @RewardsAlert

 

[Heehaahee]

Shit bank, shit card, shit customer service. Idk why i extended my relationship with Indusind. @RewardsAlert

Because you wanted debit card rewards along with higher interest rates