The IndusInd Pinnacle Credit score Card was among the finest premium bank cards in India for just a few years, however does it nonetheless maintain that standing in 2024? Not fairly, is the fast reply. Nevertheless, it may nonetheless be a sensible choice for individuals who want particular advantages which might be obtainable for a one-time payment.
Right here’s every part you must know in regards to the IndusInd Pinnacle Credit score Card in its present type:
Overview
| Sort | Semi – Premium Credit score Card |
| Reward Price | 0.5% – 1.8% |
| Annual Price | 15,000 INR + GST |
| Greatest for | On-line Spends, Unique Banking profit |
| USP | Redeem factors for Stmt. Credit score |
IndusInd Financial institution used to promote the Pinnacle Credit score Card for 50,000 INR earlier than 2020, however they’ve considerably decreased the pricing for the reason that COVID-19 outbreak and so the advantages.
It’s presently obtainable for 15,000 INR with equal vouchers and even as a lifetime free variant, relying on the supply. Many have obtained the lifetime free improve supply previously 12 months.
Becoming a member of Charges
| Becoming a member of Price | Rs.15,000+GST |
| Welcome Profit | Upto Rs.15,000 Voucher (Gyftr EGV) |
| Renewal Price | Nil |
The advantage of IndusInd bank cards is that almost all of them include no renewal payment, and this consists of the Pinnacle Credit score Card as properly.
The welcome profit is a Gyftr EGV, which lets you redeem vouchers from varied manufacturers. Nevertheless, the obtainable manufacturers can change every now and then.
Notice that you simply may obtain a decrease worth for Amazon or Flipkart vouchers (akin to 10,000 INR) in comparison with the complete worth for different model vouchers like Yatra, Bata, and so forth., as a part of the welcome reward.
Design
Whereas the design proven on this part is the previous model that I obtained just a few years in the past, the brand new vertical design actually seems spectacular. It even has a slight sheen when seen from totally different angles—total, a well-executed redesign.
If you happen to’ve learn the earlier model of this text, you’ll know that I had been searching for a redesign, so I’m happy to see the change.
Reward Factors
| SPEND TYPE | Rewards | Reward Price (Money Credit score) |
|---|---|---|
| Common On-line Spends | 2.5 RP / 100 INR | 1.8% |
| On-line (Journey & Airline) | 1.5 RP / 100 INR | 1.1% |
| Choose Classes | 0.70 RP / 100 INR | 0.5% |
- 1 Reward Level = 0.75 INR (for money credit score)
- Choose Classes: Utility, Insurance coverage, Authorities Companies, Schooling, Lease.
Notice that you may solely use Indusind Bank cards (most variants) up-to its assigned credit score restrict in a month, past which it wont earn reward factors, until they run a spend-linked focused supply stating in any other case.
Redemptions
There are a number of choices to redeem rewards earned on pinnacle Credit score Card. Listed below are some helpful ones:
- Singapore Airways – 2:1 (Krisflyer)
- Assertion Credit score – 1:0.75
- Indus Moments (dynamic worth)
Often the Reward factors are used for assertion credit score redemptions as that’s the USP of the cardboard for which it’s recognized for.
Notice: The utmost variety of reward factors that may be redeemed for money credit score in a single assertion cycle is 7,500 reward factors. (eff. 1st Sep 2024)
Airport Lounge entry
| ACCESS TYPE | ACCESS VIA | ACCESS LIMIT |
|---|---|---|
| Home | Mastercard | 1/Qtr |
| Worldwide | Precedence Go | 2/Qtr |
Earlier, the IndusInd Pinnacle Credit score Card didn’t supply the Precedence Go complimentary go to profit, which was a notable downside for frequent vacationers.
Nevertheless, this modified round mid-2018 when the cardboard’s options had been up to date to incorporate this profit.
Golf
- 2 Video games & 2 classes monthly
- Spend Requirement: 25,000 INR (in earlier assertion cycle)
It’s good to see that IndusInd Pinnacle Credit score Card nonetheless comes with Golf profit regardless of varied rounds of devaluations.
The anticipated spend requirement to avail the Golf profit is honest sufficient, as IndusInd Golf reserving system is among the finest within the business.
IndusInd Unique A/c
One of many noteworthy advantage of holding a Pinnacle Credit score Card is that you may get a Zero Stability IndusInd Financial institution Unique Account which in any other case comes at ~1L AMB.
If you happen to ask why Unique A/c? Effectively, it’s due to the IndusInd Unique debit card, which affords 0% Foreign exchange Markup payment on worldwide POS transactions and likewise ATM withdrawals.
I’ve used it in lots of international locations, and it has constantly labored as anticipated.
Nevertheless, you’ll want to verify for any ATM costs when withdrawing overseas. Search for ATMs in public transit areas or authorities ATMs, as these sometimes don’t incur withdrawal charges.
Different Advantages
- Bookmyshow Provide: Buy1 Get1 supply, Upto Rs.200 per ticket, upto 3 tickets monthly
- 1% gas surcharge waiver (txn vary: 400-4000 INR)
Whereas IndusInd Bookmyshow profit used to work splendidly properly previously, it’s not the case currently because the quota is getting used up fairly fast.
How you can Apply?
IndusInd Financial institution Pinnacle World Credit score Card may be utilized on-line as they’ve moved to digital software mode few years in the past.
IndusInd Credit score Card functions are largely sourced on-line lately with comparatively sooner approvals and dispatch, as early as 24 hrs publish digital KYC.
Bottomline
The IndusInd Pinnacle Credit score Card was a superb cashback card, providing 2.5% cashback previously. Nevertheless, as of 2024, many issues have modified, and it now serves solely a small section of customers, particularly those that’re searching for the IndusInd Unique Account.
If you happen to’re searching for an excellent cash-back card, SBI Cashback Card providing 5% cashback (in opposition to 1.8% on Pinnacle) on most on-line spends is a good possibility.
It may be time for IndusInd Financial institution to introduce a brand new “premium” bank card to fill the hole left by the Pinnacle Credit score Card.
If you happen to’re an IndusInd Pioneer Buyer searching for related rewards, the IndusInd Pioneer Legacy Credit score Card is an efficient various.
Do you continue to maintain IndusInd Pinnacle Credit score Card in 2024? Be at liberty to share your experiences within the feedback beneath.