IndusInd adds new options for credit card welcome vouchers & reduces Credit Limit Eligibility

By | August 19, 2020
Indusind Iconia American Express Credit Card
Indusind Iconia American Express Credit Card

If you’re planning to apply for a new IndusInd bank credit card you may need to know these changes that’s live already. Here are those changes:

New Welcome Voucher Options

IndusInd added new welcome voucher option named “Vouchagram” which is nothing but “Gyftr” that comes with vouchers from brands like:

  1. Amazon
  2. Flipkart
  3. Big Bazaar
  4. Zee5
  5. Myntra
  6. Swiggy
  7. Zomato gold
  8. Apollo pharmacy
  9. Biba online
  10. Ola cabs
  11. Uber

So the most important fact is you can now avail Amazon/Flipkart vouchers as a welcome gift.

But well the problem is, the coupon system works similar to the fulfilment offer run by HDFC Bank on their credit card spend based promos. Meaning, Amazon/Flipkart vouchers may go out of stock anytime!

Now that said, here are the available joining fee options for 2 most popular & rewarding cards from IndusInd bank.

Other cards too may have similar options but above are the ones worth going for. However, not to forget, GST part will be extra. 

FYI: Signature Legend doesn’t have this option and comes with vouchers only at 25K+GST option.

Note: Indusind keeps changing the available voucher options & fee value almost every year, so do verify with bank once before you decide.

Credit Limit Eligibility

If you’re an existing IndusInd credit card user and want to upgrade your card to the next best variant, for ex: from Iconia to Pinnacle, you need to have a minimum credit limit on the existing card for the upgrade to be processed.

So this credit limit eligibility has been decreased (temporarily) for Pinnacle as they neither give higher limit easily for new cards nor do limit enhancement due to Covid-19 and so the offer.

  • Min. Credit Limit for Pinnacle (before): Rs.1,50,000
  • Min. Credit Limit for Pinnacle (now): Rs.50,000

Final Thoughts

Both changes may help many, especially during covid-19 when points are not used for Travel and IndusInd cards help you with that.

Almost all IndusInd cards can be considered as a “cashback” card in a way because they allow you to redeem points for cash credit on statement. This makes them a good even after the recent of devaluation.

So these changes allows you to get better value from welcome vouchers and also helps to get premium cards like Pinnacle easier and enjoy better rewards as “cashback” during tough times.

What’s your thoughts on this move by Indusind? Feel free to share your thoughts in the comments below.

Author: Siddharth

I love credit cards, enjoy travelling for free using reward points & airmiles. Obsessed with business class cabins, airport lounges and luxury hotels.

45 thoughts on “IndusInd adds new options for credit card welcome vouchers & reduces Credit Limit Eligibility

  1. Santosh Kumar

    Hi Sid, any idea what is the limit for upgrading from indus aura edge to iconia? Or pinnacle?

    Reply
      1. Mohit Arora

        I was in talk with my rm last week regarding pinnacle card and she told me joining fees as 25k or 50k+ gst. Can you let me know is this update in indusind bank of today? How you got to know about it? And can we apply directly through cc customer care no.? Thanks a lot in advance.

        Reply
        1. Siddharth Post author

          Indusind sells same card with multiple fee structure.

          Above welcome offer is verified via multiple online/offline sources.

          Reply
          1. Abhay Daga

            i have signature legend n have 1,50,000 limit
            canni upgrade to pinnacle ??

          2. Mohit Arora

            Thanks Sid. I got the card upgrade from Platinum aura to pinnacle card. Limit remained same. And got same offer as you told. 15k+ gst and welcome voucher of vouchagram for 15k coupons.

          3. Sridhar

            Got pinnacle for 15k and equivalent 15k Amazon vouchers so free of cost except gst

  2. Eshwar

    Hi Sid, For Iconia Amex – it says 3,500 + gst as issuance fee on website. Could you please cross check?

    Reply
  3. Kushal

    Are they giving vouchgram vouchers for pinnacle card as well? I recived this option for only Nexxt card.

    Reply
  4. Praveen Katiyar

    I have a LTF IndusInd Aura, I don’t think I will go for paid cards, seeing their offers.
    Or am I missing something ?

    Reply
    1. Santosh Kumar

      Hi Sid same question as Praveen here. Already hold DCB and Amazon pay and mrcc. Give this a pass?

      Reply
    2. Siddharth Post author

      If you couldn’t find a reason to get it after reading the article, then you don’t miss anything 🙂

      Reply
  5. Himanshu

    I have applied for IndusInd Credit Card via BankBazaar on 03rd August 2020 and as per IndusInd, the application has reached to them on 08th August 2020. However, till date, I have not received a single SMS/Email from IndusInd Bank regarding the application. They are just telling that the application is in process.
    Can anyone tell how much time do they usually take to process the application?

    Reply
  6. Pranab

    Hi Sid,
    I’m holding ‘Duo’ card for last 11 months with a paltry limit of 50K. Also usage of this card is very rare as most of my expenses are with Infinia.
    How can I upgrade? There’s no options in netbanking.
    Also, is it at all possible to upgrade as the card is also a debit card?

    Reply
  7. Ashish Nikhare

    Siddharth ! Please confirm if Pinnacle card still stands as a cross waiver for Exclusive savings account. I heard, that’s gone !

    Reply
  8. Nihar

    For update form Iconia to Pinnacle do they charge the joining fee . My Iconia is LTF card without joing fees .

    Reply
  9. The Outrigger

    How to apply? Website says…

    Please call 1860 267 7777 to apply for this Credit Card.

    While calling it says premium number charges of 2.5 paise/second apply and then it says the number is outside of coverage area or switched off.

    Anyone else?

    Reply
  10. Shiv

    Will they provide Pinnacle Card if we already have Iconia Amex and want to keep both the cards?

    Reply
  11. Suraj

    Does anyone have any information on how to upgrade an existing zero balance IndusInd savings account to the exclusive savings account. I’ve checked under the schedule of charges for the exclusive account, that in case one holds the pinnacle credit card, he/she is eligible for an exlusive savings account variant without even having to maintain any balance in the account. How to go about with this upgrade from a zero balance account to the exclusive account ? I already hold a pinnacle credit card.

    Reply
    1. Mahadev

      @Suraj, last year (2019) I opened Exclusive Accounts based on Pinnacle. This route is not regularly known by many staff. You will need to discuss this with the official/branch manager to get the Exclusive Account opened.
      They will most probably change your account status to Exclusive.
      Cheers.

      Reply
  12. Pragyan

    How much can we recover from voucher if someone pays 15k fees for the pinnacle one?

    Reply
  13. Vinod D

    Hello Sidharth,

    Thanks for your valuable review and i find they are really helpful and precious.

    could you please suggest me if i can go with indusind platinum card or pinnacle?

    Reply
  14. Rayhaan Pirani

    I tried calling the number mentioned on the website to get this card, but I couldn’t find any option to apply for a credit card. Does anyone have any idea how to apply for this card?

    Reply
  15. Nabendu Mondal

    Hi Sid,

    Can you confirm the source of the information that the Card Upgrade Limit for Pinnacle has been decreased from 150000 to 50000 . I have an Iconia Amex with just 70000 credit limit 🙁 . The customer care wasnt aware of the same and was stating the required limit to be 150000 for upgrade. I also asked them to reverify the information and they said the same thing. It would be great if you could help out with the source of this information

    Thanks ,
    Nabendu Mondal

    Reply
  16. Prateek

    I already have 3 cards directly issued by American Express, will I be able to apply for for ICONIA and get Amex variant ?

    Appreciate your response!

    Reply
      1. Mohit Arora

        5 cards is max in Indusind bank. You can have 1 unsecured and 4 secured cc with induind bank.

        Reply
    1. Sumit Sharma

      In my opinion, Yes. Because it is totally different from the ones issued by Amex so limit of holding maximum 3 Amex cards at a time doesn’t apply on Iconia.

      Reply
  17. Shiv

    @Ramesh you are wrong, we can’t hold more than 1 Card of IndusInd Bank.

    Reply
    1. Ramesh Kumar

      I hold Iconia amex and visa variants, when I received call from Indusind, they told I can upgrade anyone of the card variant to pinnacle and hold the other.

      Reply
  18. ANAND DWIVEDI

    I am looking for IndusInd Aura Edge credit card . how much is rewarding for using this card and ur opinion. Also, as per ur opinion which indusind bank card is value for money.

    Reply
  19. DEEP PATEL

    I receive at least 3 calls everyday for Indusind platinum aura credit card since a month. Is there is any strategy behind it? Can someone throw some light on this?
    Your help is highly appreciated.

    Reply
  20. AC Sinha

    What is the annual fee for both cards? I was checking on website but they have not mentioned anything about annual or joining fee.

    Reply
  21. Arkopravo Maity

    I hold Iconia amex and visa variants.I called cc for upgradation of the vis avariant to pinnacle.They were eager but 2.7k gst is the cost of the card.(15k voucher) and one more thing i had to upgraded limit in visa variant and reduce my amex variant.They said my card will bot be eligible if i change limit.(Funny thing is I called CC for upgradation not them.)
    so finally .Is it worth it ?

    Reply
  22. Palguna

    Do we get rewards for Wallet transactions like mobikwik/Dhani pay wallet or Paytm with indusind pinnacle card?

    Reply
  23. Somil Shah

    Hi SId,

    I am using a HDFC regalia credti card, i am approached for an IndusInd bank CC, Pinnacle and Signature card. Do you think these cards will add value?

    How good are IndusInd bank cards when compared to HDFC Card with respect to their system and customer care service?

    Reply
  24. Nitin

    It’s a good card, if not excellent. (Pinnacle)., I applied directly as I didn’t want to go through bank bazar or paisa bazar. Hitch is that the service needs to be pulled up. Though Indusind is in pvt sector, it works as a public sector bank. IVR system is falty. I had to call atleast 50 times to get my card activated. I got pinnacle on card on card basis. So got a fair limit of 3lk and 60k cash. I will rate this card at 3 out of 5 as compared to my HdFC regalia.

    Reply
  25. Babu

    Hi Sid IndusInd cards cash credit value again showing 75 paise instead of 1 rs for all cards. Pl review about it.

    Reply

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