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Important Update regarding Rewards Program on your IndusInd Bank Credit Card

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https://cdn0.desidime.com/attachments/photos/742357/medium/image.png?1644585290

Received this mail now. unable to find any details in website.

Edit :

https://twitter.com/TechnoFino/status/149211499...

IndusInd Bank Credit Card Reward Point Devaluation Alert!
With effect from 15th March 2022, 1 Reward Point = Rs. 0.75 of cash value (It’s 1 RP = Rs. 1 now)
* Applicable For Pioneer Legacy Credit Card Or Lower Variant Cards (Legend, Pinnacle, etc)

https://www.indusind.com/in/en/personal/cash-cr...

https://cdn0.desidime.com/attachments/photos/742370/medium/image.png?1644587119

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Top Comments
Savings Mentor Savings Mentor
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Legend is further de-valued sad

    From 1st March 2024, the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.75

    From 1st March 2024, the value of cash redemption will be 1 RP = Rs.0.50

31 Comments  |  
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Wingman Wingman
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Already they have horrible Rewards system and they want to revise it now. Good decision to reduce the customers. 

Premium Cards Pinnalce/Legend provide 2% cashback but normal cards like Flipkart/Ace provide 2% cashback. So nothing excellent from Indus Ind. 

Pro Mobile Guru Pro Mobile Guru
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updated info.

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Deal Subedar Deal Subedar
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pretty sad

Generous Generous
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Saw this on my recent statement on Feb 3rd but no complete info yet.

Deal Subedar Deal Subedar
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Do they still allow statement credit by calling customer care? Minimum points required – 500?

Deal Subedar Deal Subedar
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is the points devaluation also happening for iconia amex card too?

Cool Cool
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Indusind bank has reduced its cash valuation from 1 rs to 0.75 paisa for 1 reward points from 15th march. So now Pinnacle card cashback will be 1.875% instead of 2.5% for online transactions

Cool Cool
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very bad

Generous Generous
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Repost
Important Update regarding Rewards Program on your IndusInd Bank Credit Card

Please Visit
https://ddime.i...E4

Cool Cool
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When I received Pinnacle, it was in their super premium catagory, now its devalued a lot. I paid 25k+gst without any voucher at that time

Deal Cadet Deal Cadet
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when did you get it?

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Finance Mentor Finance Mentor
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Vote up, nice move by IndianIND bank.

Coupon Connoisseur Coupon Connoisseur
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no changes for pinnacle it would continue to be 1 cash point for 1 RP

Deal Cadet Deal Cadet
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From April 15th 2022, for pinnacle also 1 cash point = 0.75/-
Btw – anyone have any idea about card upgrade options in IndusInd (E.g. any possibility to upgrade from Legend to Pinnacle)?

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Deal Subedar Deal Subedar
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Are they giving reward points for paytm rent pay for legend card

Savings Mentor Savings Mentor
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Legend is further de-valued sad

    From 1st March 2024, the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.75

    From 1st March 2024, the value of cash redemption will be 1 RP = Rs.0.50

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