The IndusInd Pinnacle Credit score Card was the most effective premium bank cards in India for a number of years, however does it nonetheless maintain that standing in 2024? Not fairly, is the fast reply. Nonetheless, it may possibly nonetheless be a sensible choice for many who want particular advantages which might be accessible for a one-time payment.
Right here’s the whole lot you have to know concerning the IndusInd Pinnacle Credit score Card in its present kind:
Overview
| Kind | Semi – Premium Credit score Card |
| Reward Fee | 0.5% – 1.8% |
| Annual Payment | 15,000 INR + GST |
| Finest 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 diminished the pricing for the reason that COVID-19 outbreak and so the advantages.
It’s at present accessible for 15,000 INR with equal vouchers and even as a lifetime free variant, relying on the supply. Many have acquired the lifetime free improve supply prior to now 12 months.
Becoming a member of Charges
| Becoming a member of Payment | Rs.15,000+GST |
| Welcome Profit | Upto Rs.15,000 Voucher (Gyftr EGV) |
| Renewal Payment | Nil |
The benefit of IndusInd bank cards is that the majority of them include no renewal payment, and this consists of the Pinnacle Credit score Card as nicely.
The welcome profit is a Gyftr EGV, which lets you redeem vouchers from varied manufacturers. Nonetheless, the accessible manufacturers can change now and again.
Notice that you simply would possibly obtain a decrease worth for Amazon or Flipkart vouchers (similar to 10,000 INR) in comparison with the total worth for different model vouchers like Yatra, Bata, and many others., as a part of the welcome present.
design
design.jpg” alt=”IndusInd Pinnacle Credit score Card” class=”wp-image-10777″ srcset=”https://www.cardexpert.in/wp-content/uploads/2020/12/indusind-bank-pinnacle-credit-card-design.jpg 1024w, https://www.cardexpert.in/wp-content/uploads/2020/12/indusind-bank-pinnacle-credit-card-design-300×199.jpg 300w, https://www.cardexpert.in/wp-content/uploads/2020/12/indusind-bank-pinnacle-credit-card-design-768×509.jpg 768w, https://www.cardexpert.in/wp-content/uploads/2020/12/indusind-bank-pinnacle-credit-card-design-665×440.jpg 665w” sizes=”(max-width: 1024px) 100vw, 1024px”/>Whereas the design proven on this part is the previous model that I acquired a number of years in the past, the brand new vertical design actually appears spectacular. It even has a slight sheen when considered from completely different angles—general, a well-executed redesign.
In the event you’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 Fee (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 Providers, Training, Lease.
Notice that you would be able to 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)
Normally 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 Move | 2/Qtr |
Earlier, the IndusInd Pinnacle Credit score Card didn’t supply the Precedence Move complimentary go to profit, which was a notable downside for frequent vacationers.
Nonetheless, this modified round mid-2018 when the cardboard’s options have been up to date to incorporate this profit.
Golf
- 2 Video games & 2 classes per 30 days
- 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 truthful sufficient, as IndusInd Golf reserving system is without doubt one of the finest within the trade.
IndusInd Unique A/c
One of many noteworthy good thing about holding a Pinnacle Credit score Card is that you would be able to get a Zero Steadiness IndusInd Financial institution Unique Account which in any other case comes at ~1L AMB.
In the event you ask why Unique A/c? Nicely, it’s due to the IndusInd Unique debit card, which provides 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.
Nonetheless, remember to verify for any ATM fees when withdrawing overseas. Search for ATMs in public transit areas or authorities ATMs, as these usually don’t incur withdrawal charges.
Different Advantages
- Bookmyshow Provide: Buy1 Get1 supply, Upto Rs.200 per ticket, upto 3 tickets per 30 days
- 1% gasoline surcharge waiver (txn vary: 400-4000 INR)
Whereas IndusInd Bookmyshow profit used to work splendidly nicely prior to now, it’s not the case recently because the quota is getting used up fairly fast.
Find out how to Apply?
IndusInd Financial institution Pinnacle World Credit score Card could be applied online as they’ve moved to digital utility mode few years in the past.
IndusInd Credit score Card functions are largely sourced on-line today 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 prior to now. Nonetheless, 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.
In the event you’re searching for a great cash-back card, SBI Cashback Card providing 5% cashback (in opposition to 1.8% on Pinnacle) on most on-line spends is a good choice.
It is likely to 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.
In the event you’re an IndusInd Pioneer Buyer searching for related rewards, the IndusInd Pioneer Legacy Credit Card is an effective various.
Do you continue to maintain IndusInd Pinnacle Credit score Card in 2024? Be happy to share your experiences within the feedback beneath.
