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...
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.
pretty sad
Saw this on my recent statement on Feb 3rd but no complete info yet.
Do they still allow statement credit by calling customer care? Minimum points required – 500?
is the points devaluation also happening for iconia amex card too?
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
Repost
Important Update regarding Rewards Program on your IndusInd Bank Credit Card
Please Visit
https://ddime.i...E4
when did you get it?
Vote up, nice move by IndianIND bank.
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)?
Are they giving reward points for paytm rent pay for legend card
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
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