IndusInd Financial institution affords two bank cards to its prosperous clients as a part of their Pioneer banking program: the Pioneer Heritage Steel Credit score Card (Tremendous Premium) and the Pioneer Legacy Credit score Card (Premium).
Right here, we’ll take a more in-depth have a look at the IndusInd Financial institution Pioneer Legacy Credit score Card that gives respectable rewards and advantages.
Overview
| Kind | Premium Credit score Card |
| Reward Fee | 1% – 3% |
| Eligibility | Pioneer A/c (30L NRV) |
| Greatest for | Weekend Spends |
| USP | Redeem factors for Stmt. Credit score |
Though it’s only a Premium Credit score Card, it’s meant just for Excessive Web-Price People (HNI’s) with an IndusInd Pioneer Banking account.
The goal phase for this card is comparatively small, as most HNI’s would like a super-premium bank card as a substitute.
Becoming a member of Charges
| Becoming a member of Payment | INR 5,000+GST |
| Becoming a member of Payment Waiver | Spend INR 50,000 in 90 days |
| Renewal Payment | Nil |
Whereas the cardboard was supplied as a Lifetime Free Card for Pioneer clients, it appears they’ve barely modified the pricing lately by asking for a minimal spend requirement for the becoming a member of charge waiver.
However as you may know, IndusInd Financial institution normally has a number of pricing plans, so LTF may nonetheless be out there.
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The design is undoubtedly stunning, very like most different IndusInd Financial institution credit score and debit playing cards supplied underneath the Pioneer banking program.
Whereas the Visa variant is enticing, the Pioneer Legacy Mastercard variant is much more stunning.
Rewards
| SPEND TYPE | REWARDS | REWARD RATE (CASH CREDIT) |
|---|---|---|
| Weekend Spends | 2 RP / 100 INR | 2% |
| Weekday Spends | 1 RP / 100 INR | 1% |
| Choose Classes* | 0.70 RP / 100 INR | 0.7% |
- 1 Reward Level = 1 INR (for money credit score)
- Choose Classes: Utility, Insurance coverage, Authorities Providers, Training, Hire.
As you’ll be able to see, weekend spends makes the cardboard helpful for a lot of. And the choice to redeem factors for assertion credit score at 1:1 is kind of good to have.
IndusInd Legacy was not having the class restriction (low rewards) for someday however then it was added as properly finally.
Milestone Profit
| SPEND REQUIREMENT | MILESTONE BENEFIT | Reward Fee |
|---|---|---|
| 6,00,000 INR | 6,000 RP’s | 1% |
Milestone profit provides a pleasant 1% acquire on 6L spend, thereby rising the overall reward fee to 2% (weekday spends) or 3% (weekend spends), relying on when the spends are made.
This makes it one thing just like IndusInd Pinnacle Credit card which used to supply 2.5% reward fee up to now, earlier than devaluation.
Airport Lounge entry
| ACCESS TYPE | ACCESS VIA | ACCESS LIMIT |
|---|---|---|
| Home | Mastercard | 1/Qtr |
| Worldwide | Precedence Move | 2/Qtr |
I’m wondering why home restrict is just too low for a premium bank card, worldwide entry limits are truthful sufficient although.
That stated, one good factor with IndusInd Premium Credit score Playing cards is that they’re acceptable in most lounges, particularly within the common 080 Lounge in BLR – Terminal 1, as I’ve seen couple of individuals utilizing IndusInd Pioneer credit score & debit playing cards for the entry.
Golf
- 4 Video games & 4 classes per 30 days
- Spend Requirement: 25,000 INR (in earlier assertion cycle)
IndusInd Pioneer Legacy Credit score Card comes with fairly good Golf profit, 2X extra when in comparison with Pinnacle Credit score Card.
The anticipated spend requirement to avail the Golf profit can also be truthful sufficient, as IndusInd Golf reserving system is among the greatest within the trade.
Different Advantages
- Bookmyshow Supply: Buy1 Get1 supply, Upto Rs.200 per ticket, upto 3 tickets per 30 days
- 1% gas surcharge waiver (txn vary: 500-10,000 INR)
- No Money Withdrawal Costs
- Low overseas Forex Markup of 1.8%
- Concierge advantages
Whereas IndusInd Bookmyshow profit used to work splendidly properly up to now, it’s not the case these days because the quota is getting used up fairly fast.
Arms-on Expertise
I utilized for the IndusInd Pioneer Legacy Credit score Card for a member of the family a number of years in the past because it was anyway a lifetime free card with a good looking design.
Nonetheless, it took a month to obtain the cardboard because of the bodily utility course of. However I heard that IndusInd Financial institution lately moved to 100% digital utility course of, so one can count on the cardboard in a few week or two.
However I proceed to hope that IndusInd and different banks implement a super-fast & easy utility course of for his or her Premium Banking clients, just like the one supplied by Normal Chartered Financial institution for his or her SC Precedence clients.
With Normal Chartered, all it takes is an OTP to be shared with the RM to log-in the applying. IDFC Financial institution additionally affords an analogous system, with on the spot approval.
Bottomline
The IndusInd Financial institution Pioneer Legacy Credit score Card is a fairly rewarding card for these with a Pioneer banking relationship who’re on the lookout for a bank card with average spends.
It might additionally function a backup card for super-premium cardholders because it comes with reward fee, straight as cashback as a substitute of journey rewards.
Nonetheless, it’s not price opening a Pioneer Banking Account solely for this bank card. There are a lot of different best credit cards in India to select from.
Are you utilizing IndusInd Financial institution Pioneer Legacy Credit score Card? Be at liberty to share your ideas within the feedback under.
