Important Update regarding Rewards Program on your IndusInd Bank Credit Card

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Chennai Super Kings
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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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Royal Challengers Bangalore Royal Challengers Bangalore
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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. 

Deal Subedar Deal Subedar
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pretty sad

Chennai Super Kings Chennai Super Kings
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Santhu4444 wrote:

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. 

updated info.

Deal Subedar Deal Subedar
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Santhu4444 wrote:

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. 

at least they dont charge the 125 rs ka fee like icici does

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

Critic Critic
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somebodythatusedtobeondd wrote:

at least they dont charge the 125 rs ka fee like icici does

incorrect. indusind also charge 99+gst i.e. around 118.

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

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

Deal Subedar Deal Subedar
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panchabhut wrote:

incorrect. indusind also charge 99+gst i.e. around 118.

For all types of redemption?

Deal Subedar Deal Subedar
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panchabhut wrote:

incorrect. indusind also charge 99+gst i.e. around 118.

iI have the same card , i redeemed the full points without any fees.

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

Deal Subedar Deal Subedar
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very bad

Deal Subedar Deal Subedar
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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

Critic Critic
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somebodythatusedtobeondd wrote:

iI have the same card , i redeemed the full points without any fees.

redemption charges are loaded in statement and may take 2-3 mths.

Deal Subedar Deal Subedar
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panchabhut wrote:

redemption charges are loaded in statement and may take 2-3 mths.

i just checked my last 6 months statements. no redemption or any other charge by bank.

Deal Cadet Deal Cadet
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vithanidevesh725 wrote:

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

when did you get it?

Pro Blogger Pro Blogger
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Vote up, nice move by IndianIND bank.

Deal Cadet Deal Cadet
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no changes for pinnacle it would continue to be 1 cash point for 1 RP

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

Chennai Super Kings Chennai Super Kings
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IamRage wrote:

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

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)?

Deal Cadet Deal Cadet
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BBal wrote:

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)?

You can call customer care/RM and place the request for upgrade, but it will have a joining fee unless you have a pre-approved LTF offer. You can confirm via CC

Deal Newbie Deal Newbie
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IamRage wrote:

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

Pinnacle is also getting devalued from April 15th. Terrible.
Not sure whether to keep it or move to something like Axis Ace.

Deal Cadet Deal Cadet
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Lobogris wrote:

Pinnacle is also getting devalued from April 15th. Terrible.
Not sure whether to keep it or move to something like Axis Ace.

Yep, you can anyways keep it as it doesn’t have any annual charges and would be useful for any targeted offers.

Pro Blogger Pro Blogger
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Lobogris wrote:

Pinnacle is also getting devalued from April 15th. Terrible.
Not sure whether to keep it or move to something like Axis Ace.

Any screenshot or link ?

Deal Newbie Deal Newbie
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abhishek012 wrote:

Any screenshot or link ?

Just check on Indusind website. Go to Pinnacle and then click on rewards. It is clearly shown there. I called CC to confirm as well.

Deal Newbie Deal Newbie
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IamRage wrote:

Yep, you can anyways keep it as it doesn’t have any annual charges and would be useful for any targeted offers.

I have never seen any offers on it.

Deal Cadet Deal Cadet
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Lobogris wrote:

I have never seen any offers on it.

voucher redemption is not getting devalued , you can still explore them and see if anything helps you

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