IndusInd Bank has very few premium credit cards that’s worth holding and Iconia (Amex) is one of those credit cards that rewards pretty good. Here’s the complete review of the IndusInd Bank Iconia Credit Card (American Express Variant).
Table of Contents
|Type||Premium Credit Card|
|Reward Rate||1.1% – 2%|
|Annual Fee||3,500 INR+GST|
|Best for||Weekend Spends|
IndusInd Iconia credit card used to be one of the best credit cards with IndusInd until recently. After they changed the redemption value, it’s not exciting enough, but worth holding for certain reasons.
|Joining Fee||3,500 INR + GST|
The card may also be available for 10K+GST fee with equivalent Gyftr E-Gift Vouchers using which you can redeem vouchers from various brands like Myntra, Swiggy, Ola, Uber, etc. But the brands may change anytime.
The good thing about IndusInd Bank credit cards is the nil annual/renewal fee even on premium credit cards.
IndusInd Iconia Credit Card is issued under Visa & American Express but remember that Amex variant in its current form itself is not exciting enough, so Visa variant is good for nothing.
- Weekdays: 1.1% (cash credit) – 1.5% (eVouchers)
- Weekends: 1.5% (cash credit) – 2% (eVouchers)
You get higher rewards like 1.5% or 2% if you redeem the points on IndusMoments portal which has very few options.
As of now I can see few brands with ability to redeem points, like: Bata, Apollo, Jockey, etc. This keeps changing from time to time.
Note that for wallets, gov. institution spends, insurance, utilities, NPS & bill payments you will get lot lower points.
- Complimentary airport Lounge Access: 4/qtr (domestic only)
- Bookmyshow Offer: Buy1 Get1 offer (upto Rs.200/tkt)
- Festive offers during Diwali
- Cardexpert Rating: 3.7/5
I used IndusInd Iconia credit card for more than 3 years (here’s my past experience with Iconia) and it used to be one of the best credit cards in the country back then, but no more.
Not so good festive offers, no more attractive amex network offers and low reward rate makes this card unattractive to most in this segment, as of now.
So at the moment, IndusInd Iconia credit card is good to avail if issued for free, if not, you may go for any other premium credit cards from the list of best credit cards in India.
Are you using IndusInd Bank Iconia Credit Card? Feel free to share your thoughts in the comments below.
@Manish what about the dual network benefits, I had enquired about the card and The bank person told me that the customer has option of getting two Iconia cards one with Amex and other with Visa/Master(I don’t remember the exact).
Thanks in advance
Yes Manu, I’ve applied for this card and I was told the same. The other is Visa which gives 0.75% on weekdays and 1% on weekend spends. The limit will be divided among the two cards.
Manu, when I had opted for the card I was told to choose between the Amex & the Visa variant (not both). I choose the Amex variant as the rewards on the Visa variant is half that of the Amex. i.e. 0.75% on weekdays & 1% on weekends. If they are offering both the variants, you can opt for it as then you can also use it at those POS where Amex cards are not accepted.
The joining fees is 3500 +ST. It has unlimited access to Amex lounges in India which outplays many premium cards.
Were u offered a free upgrade to Signature credit card?
What voucher were you able to get for “3500+ST”?
I was attempting on this, but they aren’t going below 10k
No welcome gifts for this price, but they told its LTF with no renewal fee also. You can try applying online from IndusInd website, when u select this card it says fees is 3500 one time ?.
Is indusind indulge credit worth it or better than Amex Platinum charge card
Chaitanya, there are different slabs for the joining fees and the joining rewards are given proportionately. No, there was no free upgrade to the Signature, but there were welcome benefits. When I got the card, there was access to the Amex Altitude Lounges in Delhi & Mumbai, which was specifically for Amex Co-branded cards of ICICI and Indusind, but these have been shut down with effect from August 2015. Since then they have introduced a new set of lounges which Amex has tied up with for access to card holders, which is given on the Indusind website. (But this does include the American Express Proprietary Lounges in Delhi & Mumbai, which can be accessed only by the Amex Platinum Charge Card, Platinum Reserve Card & the Jet-Amex Co-branded card)
Thanks Manish for the info, I’m wondering where can we mostly use this Amex card given the fact that its acceptance is less, How is its acceptance at malls, petrol bunks? Even at Amazon it isn’t accepted. Now I’m little worried that it may not be accepted at places where I intend to spend.
Also looking at POS machines can we identify Amex acceptance? Do HDFC, Axis, ICICI machines accept this card?
Chaitanya, this card is accepted at almost all the places which accept Amex Network Cards including malls and petrol bunks (except probably Amazon which accepts only Amex proprietary cards). Generally look out for logo stickers of “Amex cards welcome” outside stores, or you can always enquire for acceptance of the same at the Payment Counter. As per my information, nearly all POS machines of ICICI, SBI & Yes Bank now accept cards on the Amex Network.
Thanks Manish, However its strange that Amazon India accepts proprietary direct Amex cards where has this IndusInd Amex isn’t accepted. I wonder what is denying this card technically.
I recent times received several calls for iconia Amex card being offered as lifetime free. I had taken this card few years back when it was launched at 3500 lifetime fee & no welcome rewards.
Problem with indusind is they send sms as approved though at merchant end transaction declines. Limit gets blocked & only released when merchant does not claim for 30 days.
I don’t think so, I’ve used this card for a couple of times at Amazon where the payment was failed but msg from bank says approved. I called up CC and they confirmed the credit limit was not blocked for failed transactions. Pls double check from ur end if this is the case.
I have applied online for a SBI Card (SImply Save) and Axis Credit Card. They have contacted me and I am yet to submit the documents like photo and proof of residence.
I applied for SBI simply because I missed big billion sale in Flipkart of 10%
I already have SCB, Citi and Kotak Cards. Now, I feel I should not go ahead with the above applications and not submit the documents.
Having applied and with the application processed, shall I go ahead now with not getting them by not submitting documents…Will this affect my CIBIL Credit Score in anyway…
If you have 800+ score, One application a month should be fine upto 3 or 4.
I have taken this card (American Express) last month and my experience is good so far. In the first bill, after every transaction they mentioned the reward points earned on that particular transaction, which is really useful.
Only thing which i came to know later that offers running by American Express are not available on this card but those are for cards issued by them only.
And guys please negotiate for the joining fee, as i negotiated and i got it at 3499+St with no annual fee.
But i am not aware about the above 5% off offer, can any body tell me how i can get that?
Bank Bazaar says the fee for this card is 17999inr and I couldn’t find this in indusind site.
Can someone please confirm is the 3499inr correct?
You can negotiate with the bank Balaji. Indusind is not transparent on their Credit Card Joining fees.
any tips on how to negotiate with them?
Just ask them to issue the card for Rs.3500 or so, without any welcome vouchers.
Better go for 6000 rupees + taxes
A jet code worth that amount is provided. Its better to spend 1500 more and get 6000 back rather than giving 3500 and getting nothing
For Iconic Amex what is the value of 1 Reward in Rupee?
Actually I pay my kido school fee Rs.6.00 Lac annually
So was looking for a max valuable reward card.
Already I have 17 credit cards. So I can help in others query regarding cards I have.
Previously I have Indusind Platinum credit card, Unfortunately I convert in to Iconia card by paying Rs 10000/- and I have not received so far any gift voucher for Rs 10000/-. And I am facing lot of problem in online trading as well as on POS machines. without knowing that I have convert in to Iconia card. Dear friends Don’t accept any gift for that cards and convert to Iconia.
How do I check my credit score. Is there Charges? Can I know the score without any charges? What is the score at we should be to say it’s a good score.
You have to pay to know your CIBIL score. Its about Rs.550.
Above 750 is good. More important, it shouldn’t have any negative remarks like “settled” loans.
If you have Kotak Mahindra relationship, get it from them, they give it for Rs 50 only…
What is jet code?
Jet code is travel voucher of Jet airways..
i) Does this card gives rewards points for utility payments(Telephone, LIC, Health etc)
ii) Does any other card gives reward points on fuel spends at any company petrol pump(beside fuel surcharge waiver) and Utility payments(LIC Premium, Health insurance etc)
Please see response..
i) Does this card gives rewards points for utility payments(Telephone, LIC, Health etc) – Yes it does for all transactions.
ii) Does any other card gives reward points on fuel spends at any company petrol pump(beside fuel surcharge waiver) and Utility payments(LIC Premium, Health insurance etc) – All IndusInd Bank cards provide reward points on fuel and utilities payment, also can check SC Extra value card for cashbacks.
One of the best things about the card which hasn’t been touched by anyone and is infact a remarkable feature is that this card offers Unlimited Lounge entry to Primary as well as all Add on card holders. I find it very nice and you can actually take this card just for giving lounge access to your family members. If you have a better card than this then you can use that card for all your purchases. You can keep this card only for fuel and lounge access to all your family members! Isn’t it cool? I’m thinking of taking this card. I find both these offers worth the one time fee of ₹3499+ ST.
Unlimited to both primary on Add-on??!!
Its not mentioned anywhere in the site, hope its a trick and will remain active as long as no one misuses it 😀
Thanks much for finding the hidden Gem,
might be a great news for frequent travelers out there.
It is written in their website in the fine prints. I too was amazed. Right now I’m trying to find if Diners Premium allows lounge benefits to add on cards or not. I’ll let you know accordingly
That’s great, you’ve got Eagle eyes 😉
Always thought about Diners cards in same way, but never tried. Keep us posted 🙂
Update your Diners Lounge Access Post dude!! I confirmed that Diners Premium too allows unlimited access to lounges on it’s add-on cards!!! If everything is this way then I am pretty sure Diners Rewardz will also allow lounge access to both primary and add on card members. As of now Diners Black and Diners Premium Provide unlimited lounge access to it’s add on card members!!! Diners Rewardz remains to be confirmed.
Done. Possibly a glitch at Diners end. Tough to fix though as its monitored by Diners. Anyways we can expect the “unlimited” to be devalued soon as soon as people start using them. They can’t bleed much 😀
I don’t think they’ll close it so quickly. HDFC Bank even though doesn’t mention on their website that add-on card has lounge access but on two separate occasions I have seen the customer care guys as well as the guys who call you for upgrading your existing cards know this very well and specifically tell the customers that you’ll get unlimited lounge access on your add-on card as well. This has happened with Diners Black as well as Diners Premium. I am not sure about Rewardz though.
Siddharth, Abhishek: The ICICI Jet Airways Sapphiro Amex co-branded card also allows unlimited lounge access for add-on cardmembers.
Update on few things..
Received my upgraded card today.
1. It no where says unlimited lounge access in the welcome kit though its displayed on the website. Customer Care guy confirmed unlimited lounge access to both Primary and Addon Card holder.
2. You can request another Free Business Addon card in your business name (If you are into Business). It will have a separate transactions history in the same statement.
3. Getting Addon card from IndusInd is now hassle free (just scan and send the kyc docs & form through email) compared to before where you had to visit the branch.
Thanks for sharing incredible information. It helps a lot.
What is the joining fee?
3500+ST and no free vouchers..
Can anyone has any idea on how to change the card PIN ? IndusInd Care says we cannot change the PIN which they have sent. There are no option to choose the PIN also.
No. You can change it. One is by visiting the ATM. The second is by calling IndusInd Care and telling them that you want to change the ATM Pin over IVRS. It can be done. I have done this over phone for my Signature Debit Card.
I dont think PIN can be changed for this card, as is the case with other Amex cards issued by banks like ICIIC etc.. they clearly mention while issuing the card that the PIN is embedded into the card and is offline, and hence cannot be changed. Infact even if you lose or forget the PIN, the only option to get it is by asking the customer care to send it again via post..
For other cards issued with Visa and Mastercard, PIN can ofcourse be changed – just like with cards from other banks..
That option of changing pin through ATM/IVR or through Internet banking is for only Master/Visa card variants but for Amex cards you need to request physical pin and can’t change it .
I dont think PIN can be changed for this card, as is the case with other Amex cards issued by banks like ICIIC etc.. they clearly mention while issuing the card that the PIN is embedded into the card and is offline, and hence cannot be changed. Infact even if you lose or forget the PIN, the only option to get it is by asking the customer care to send it again via post..
For other cards issued with Visa and Mastercard, PIN can ofcourse be changed – just like with cards from other banks..
It’s not embedded, it’s just that there are two kind of non-proprietary Amex cards — NCLA and JVA. IndusInd and ICICI are NCLA, which means authorisation of card is done by Amex network and credit authentication is done by the bank. Hence, your Amex card PIN, which is part of card authorisation has to be provided by Amex and IndusInd cannot generate it.
There *is* an API that Amex provides to generate these PINs but IndusInd does not utilise it, and the process it using offline channels. If they integrate it, they can offer PIN change facility over IVR.
The PIN is not hard coded on any Amex card, it makes no sense as it will make the 3-D (or 3 factor) chip and pin security useless. That’s true even for proprietary Amex cards, where you can select your own PIN.
I applied for this card after reading this article.
They show only 1 option of Joining fee 3499 on their website but after applying they will call you giving 3 options for joining fee:
1. 3499 with no welcome gift
2. 5000 with Staya Paul voucher worth 5000
3. 6000 with Jet code of 6000
Cool, still #1 is best i believe, maybe Satya Paul voucher for some.
New option like Pantaloons, Ucb, Hidesign, Yatra etal have been added.
So, a person now is not stuck with two choices, of Satya Paul and Jet..
Pantaloons too? Then its time to get one. Let me check with the branch.
Yes Siddartha, i too upgraded the card after coming to know about that offer..
Panataloons and Woodland vouchers can be used any time, but satyapaul can not (esp for people who do not accessorize) a lot..
Nice initiative on the banks emd to get new customers
True that. Glad you got it.
Any idea on yatra vouchers? can they be used for buying bus tickets ?
Is this card worth applying for fee of 10000 Rs. is there any way i can get it for lifetime free.
I already have lifetime free diners premium card which give 2% point return even wothout 10x offer. are there lot of offers similar to what we see with hdfc and icici bank cards
Diners Premium is good enough for most expenses. Unless you’ve some usefull expenses to put on the vouchers, its not suggested.
Can someone who is holding this card let me know when is the joining fee levied on the card? I have opted for 5k joining fee variant and I have received this two statements till today and I have not been charged the fee. Did any one had the same experience?
It generally comes by 2nd statement.
Can anyone also confirm the reward point to JPmile conversion ration? On its website it says 100 points = 100 miles? that is 1:1 ration which is pretty awesome for a co-branded card.
I have this Indusind Iconia Amex Card for the past 1 year and using it seamlessly online. It is readily accepted online at all merchants and even if not, you have the option of paying through various Wallets (Payumoney, Paytm, Mobikwik, Freecharge). The only problem is offline at POS swipe machines. In Metros, most POS are AMEX enabled, however in Non-Metros, the problem still persists. So, POS swipes are dreams for Indusind Iconia Amex. But, there are always some solutions. I have found a variety solutions in the past 1 year. 1. Procure a Physical UDIO card, you can load your UDIO card upto 20000/- a month onetime, a second attempt to reload in the same month will fail. Use your UDIO Visa card at enormous POS machines unhindered. 2. Buy online Prepaid VISA/MASTER Bank Gift cards. Many are available online – Ticket compliments Card, Youfirst BOI Card, Axis Gift Card etc.
Nice Share. Someone else suggested Slonkit Card. Looks like a lot of prepaid cards are around.
Slonkit does not accept amex but diners. I am using it. Any card that accepts amex do let me know.
I’d advise against UDIO. Go with Slonkit. Here is UDIO’s answer to what to do in case of fraud in your account:
“In such case please file a complaint on your nearest police station. We shall act in your complaint once we receive an email from the police/cyber crime.”
No thank you. Slonkit suggests to call DCB customer care, which is well equipped to handle chargebacks and instantly turn off the card.
While loading UDIO wallet with Amex, I am getting errir – payment option is not activated. Please help.
I found another way out to make AMEX work on POS machines in Non-Metros. Procure a physical SLONKIT Card, which is VISA enabled and can be used at enormous POS terminlas. Slonkit however doesn’t accept Amex to load money. However, Slonkit does accept BMS Wallet Virtual card. Its very easy, as BMS readily accepts AMEX. So the thing goes this way – Load money in BMS Wallet by AMEX – Load money in Slonkit by BMS Wallet Virtual Card – Thats it. Use your Slonkit Card seamlessly.
Never heard of that card. But that’s a clever idea.
Does loading money like this Or to any other e Wallet fetch reward points?
BMS wallet is shutting down. so can’t use this approach.
Very informative above , i guess we have learn the knack to use this card . We will as we use it . It does seem to have a lot of benefits .
Got it in 7000/ with jet code , why the discrepancy in rates , more transparency needed .
I was offered this card with two options
1. 3499 + ST joining fee, life time free, no vouchers.
2. 5999 + ST joining fee, life time free, Jet voucher worth the same amount.
I am opting for option two. But based on the above comments, if they are options for Pantaloons, Yatra etc it makes it better. I will double check with the executive tomorrow when they process the application.
I went ahead and got my application processed. I have opted for the dual card option, where I would get both the Amex and Visa cards. There is the one time joining fee of Rs 5999 + tax which gives the equivalent as a Jet voucher. (I asked for other options, but they said for the Iconia, only Jet vouchers are available. You can also opt to pay Rs 3499+tax but there are no welcome benefits )
Considering we get both the Amex and Visa cards, it seems really good as we get both the benefits.
Lets share Iconia specific Amex offers here as all amex offers are not applicable, wr can post post the applicable ones here
Your blog is very detailed and awesome.
I have following 3 cards
IndusInd Iconia Amex (no joining Fees & LTF)
HDFC JetPrivilege Titanium
I dont know why IndusInd is not charging anything. May be because I work in RBI 😀
1.Now after HDFC stopped giving JPMiles for fuel, is it a good idea to use my IndusInd Amex for fuel transactions?
2.To Mastercard Lounge access program on my HDFC JPT, is there any cap on number of visits per quarter? HDFC CC is clueless about it.
3.To upgrade my Citi Rewards card to Citi Premiermiles card they are charging renewal fees of Rs3000. Is it worth?
4.Suggest me any other card to apply for.
2. Usually 2/quarter. Being RBI employee you should raise the voice about HDFC’s incredibly poor support claiming to be “India’s #1 bank” 😉
3. “maybe”. PM might help to get Prestige card in future. Also you’ve more redemption options to loyalty programs.
4. SBI prime is worth going for.
You’ve a big list here if you need more options – Best Credit Cards
Thanks alot for your prompt response.
Just called MasterCard for you humesha helpline and he told me that I have unlimited free domestic lounge visit on my HDFC JP Titanium. Surprising 😉
So now I have unlimited free lounge visits on my HDFC JPT as well as IndusInd Iconia amex.
And I am in the process of getting SBI prime. Thanks again for your suggestion. 🙂
It was “unlimited” before, but they’ve made it as 2/qtr now.
yes, it might take sometime to get into practice, but be careful with HDFC 😀
Sorry if I am asking too much but for SBI prime which varient do you suggest? Visa or MasterCard.
How did you got Iconia LTF? Any relationship with the bank? Or it is just being RBI employee?
Even I got Iconia LTF last year when some corporate offer was running between Dec 2017-Mar 2018. Received an inbound call from an agency, confirmed the same over email from their managers official email ID who was from Indusind and got it processed. However, they did not process it correctly for one of my colleague who ended up getting Platinum Aura even though he applied for Iconia.
I am in the same mess as your colleague.
how did your colleague deal with it?
Did he get the iconia amex card finally?
I applied for iconia amex, but today received platinum aura edge card.
I am not sure of what to do with this card now.
I accepted for processing the card application, only when they confirmed that i will be getting iconia amex ltf with no joining fee.
Havent created indus account with this card, as i assume, doing so will be considered as acknowledging the card.
He couldn’t get the Iconia. As per the bank representatives, Iconia LTF offer had ended by the time he reached out again.
You need to promptly get in touch with the people who processed the card for you to get this resolved to avoid getting the same response.
What is the eligibility criteria for this card?
@ anand it does not matter. If u have more of visa card and signature varient u can go for mastercard and vice varsa.
Thanks for all the informative articles.Your articles really help to compare benefits of different cards and select according to ones requirement. 🙂 .
When ever there is any change in regards to cards terms/rewards , i check your site before checking the bank site.
Question regarding this card,
a. Does loading money to slonkit/UDIO cards ( any prepaid cards) Or to the e Wallet fetch reward points?
b. any other card which give 2% or more return on blanket online spends (tkt,premium payment,shopping)?
I was till recently using Diners Rewardz .Its not good anymore and bank decline to give Diners Premium.
I just applied for this card and got it approved, still didn’t recieve it yet but the customer care told that visa variant is approved. Is there a way to get American express variant of this card?
Concierge and auto assist assistance are also available as complimentary service. Has anyone tried these?
Sid… Thanks for this Blog. Really amazing and stand-out against the pathetic other ones that do not actually understand CreditCards but just try to sell them.
Thanks for your impartial Content
For this card (ICONIA AMEX), on contacting my IndusInd branch , i was told of Two Options with this card (for the AMEX version)
1. 10k Annual Fees with Welcome Voucher worth 10k (Pataloons, UCB, Bata etc)
2. 5k Annual Fees with Wecome Voucher worth 5k of Satya Paul
That’s it… No other option provided.
Does the 10k Voucher provided to be consumed in One go ??
or can be it be shopped again & again in parts till consume 10k ??
Pls help in understanding
Read T&C in detailed…. to be consumed in one-go ..
Any amount pending will be forfeited
@Sid…. Pls let me know if any method available to get the 3500Rs Option (without any Voucher)
Just read this one their website.
“With Effect from 15-Sep-17, the fuel surcharge waiver on your IndusInd Bank Iconia Visa Credit Card will be discontinued.”
Finally no card is left over now.
However, i guess on Amex cards at HPCL pumps, it shouldn’t be a prob as they don’t usually charge the fee. So nothing to reverse!
I got this card today.
The process took 10 days from the time I applied. I got the add-on card also with the main pack.
With 3.5k Fee?
How to get this 3500Rs option as Indusind Bank person is saying only two options— 5k with SatyaPaul voucher & 10k with Pantaloon / Woodland / UCB etc option .
I took it with 6k fee with a 6k jet voucher. Didn’t feel like wasting 3.5k for getting nothing.
The bank guy who called me for documentation explained me all the different payment options – 3.5, 6, 10, and 16 and I’ve given my preference to him.
There is a 16k option too ??
Did not know about that one…. What options did that had??
Any review on indusind platinum card? Does platinum allow eligibility of reward points for fuel?? Confused platinum and iconia… Both seem to be lifestyle cards except that iconia has unlimited lounge access to primary as well as add ons which of course is exceptional…
BookMy Show Ticket: 2 Free Tickets for Platinum, 1 Free Ticket for Iconia.
Fuel : Surcharge Waiver & Reward Point available for Platinum, No Surcharge Waiver available for Iconia (only Reward Point)
Reward Valuation: If your spend % is greater on Weekends, better to have Iconia Card, otherwise Platinum.
Tried Iconia Amex on HPCL? they shouldn’t technically apply surcharge as AMEX is partnered with HPCL. isn’t it the case?
I have not explored the AMEX relevant features (due to its any POS acceptibility issue), as I was looking explicitly for VISA / MCC vairants.
I am pretty new to Credit Card world (since June 2016). I regularly follow all the blogs CardExpert publishes. Also I referred many of my friends, who have also become loyal followers of you. We learnt so many things, gained confidence while spending / opting for a credit card. Our heartfelt wishes are there for you. Please keep up the Great Work.
Sounds great! Thank you very much for the kind words.
With this card, you get reward points as a percentage of spend and not in slabs.
I made three transactions of 3767, 120, and 325 totalling up to 4212. Indusind gave me 84 RPs.
If it was a tier system with something like 2RP per 100, I should have got 82 RPs.
This seems like a small difference with this example but it matters with spends touching lakhs.
IndusInd calculates Reward Point based on Rounding Off mechanism. When 1 point is to be earned for 150/- spend, an user in reality can earn the same by spending 76/- only.
I got an offer from Indusind to upgrade my platinum aura to Iconia amex for 3500/- + ST. Im going to use it solely for lounge access as i also have amex platinum rewards card. But on website it is mentioned that unlimited access to lounges is till 14 august 2018 only. Any idea that will it get extended?
Most likely it will. IndusInd provides lounge access based on Amex lounge program, they don’t have their own partnerships. What may happen is that they may devalue the card and put a capping on it, but since it is Amex, it is unlikely.
3 days back got a SMS from indusind whether I would like to participate in a festival offer . I replied for confirmation.
Now got this SMS today ‘ Dear Customer, it’s raining Cashback on Sundays this September! Get 10% Cashback on total spends of INR 4000 or more on all Sundays in September using your IndusInd Bank Iconia American Express Credit Card ending with XXXX Max Cashback per cardholder: INR 500. ‘
Its a decent Offer Vineet.
Though, I’m expecting a better one for October 🙂
Just thought of posting and it is already there.
Sid, is there a way you can some posts with important information to show at the top? That would be awesome and it means we don’t need to go anywhere else for offers or changes etc.
I’m working on this and few more things. Should be live sometime soon 🙂
Sid…. It’s very difficult to check Latest Post in any Fav. Article / Blog that i might have liked.
Plus, notification to any reply for my Post also does not come.
You may want to consider some UX changes!!
Working on all of it. Will try my best to get them all live shortly.
There are currently 2 live offers for this card,
1. 10% cashback on Sunday spends up to Rs.500
2. I am yet to receive the details. I just sent a SMS ‘JOIN’ to 5676757
Does anyone know how to redeem the iconia amex and iconia visa points for cash?
I think by Calling Customer care…..
May own it by next month end so can confirm post that only!
For any redemption, you need to call CC.
Can anyone confirm who has Iconia Amex version that it still gives Reward Points on Fuel.transactions too apart from Surcharge waiver ??
Do we need to use this Credit card at HPCL only for get best value our of Fuel Tranx ( Surcharge waiver + Points) .
Can someone through some light on this ?
Anyone pls help…
Ashu, I haven’t tried it yet but I can confirm by trying it this weekend. It’s so hard to track recent comments unless one visits the specific article and tracks the comments.
Yes, its difficult to track any New REPLY to an OLD post ….. Sid is working on some UX changes… Hopefully ,we would have a better interface then!!
I loaded fuel this Saturday in a HPCL pump and got the surcharge reversed and also got the reward points. However, I did not a credit of 0.75% discount per the government directive. I’ll wait for some more time and will ask CC if don’t get the credit.
I tried to look for BPCL and IOCL pumps that accept Amex cards but couldn’t find one. So I’ll keep trying over the coming weekends.
Will await for your confirmation Praveen
Till recently one would get Reward Points for fuel transactions on all fuel pumps, havent seen it specifically mentioned for HPCL. You can check with CC and confirm this.
How to tag author of this Post ?
He may answer my query …..
Sid – unable to find option to tag the author ??
I think it has to on HPCL. I’ll be able to personally comment on this by october 1st week 🙂
thanks! By Oct 1st Week, your Statement must be getting generated 🙂
Sid —- How can a reader connect to the Main Writer / Reviewer ….. in this case Manish R Khetwani ??
He should be able to reply the comments when he’s available.
Best to use this on HPCL as surcharge is not charged due to HPCL’s tie up with Amex. You should be able to earn RPs on other fuel company pumps. BTW I have got the 10% cashback festive offer
Fuel Tranx at HPCL = 0%Surcharge + RPs ( Net gain of 1.5-2%)
Fuel Tranx at Iocl / Bpcl = 1-2.5% Surcharge + RPs (AVG no Gain)
Regarding Indusind Rewardz Festival i came across following terms-
Only Purchase transactions will be considered as eligible transactions for the purpose of calculating
achievement towards the Spend Levels. Cash Withdrawal, Fees, Interest Charges, and Loan taken
on the Credit Card and any transaction other than a Purchase Transaction will not be considered
for the purpose of calculating achievement towards the Spend Levels.
i just want to confirm if loading of wallets will be considered or not for above programe ?
please confirm and thanks in advance.
Indusind rolled out their diwali offer.
Each card holder has a minimum spending threshold. Let’s say 10k. For a spend of 30k, you get 2x reward points up to 10k and 5x RP for spends above the threshold which is 20k in this example.
Offer period – 20 Sep to 20 oct
Max reward points – 10k
I must say a very rewarding offer. Gives 10% return on iconia upto Rs. 10,000.
Looks like another 5k cash back offer is also live isn’t it?
As part of rewards festival, some people have received 10% cashback upto 5k with many spend categories excluded (incl travel, utility bills etc I think) while others have received spend threshold (limit being 2x their usual spending pattern perhaps) and get 2X and thereafter 5X points as mentioned by Praveen above. The max bonus points one can earn this way is 10000 (equivalent to Rs 10000).
Thanks for the info. helps!
Sid, this card looks like a must have card given IndusInd’s aggressive offers, good RP value and statement credit feature…
You have applied under how much joining fee ?
I applied for 10k+GST / pantaloons voucher
Well, not that great card for the fee, but yes, its normal with indusind to run festive offers.
Sid, would you suggest going for Pinnacle? Not able to make up my mind…
Never mind… I have dropped the idea and now going/aiming for Infinia / Citi Prestige / Amex Platinum Charge. Will surely have all 3 in next 6 months. Cheers
There is a Sunday offer which is currently live and applicable for Sep to Oct.
Spends over 4000 on all sundays in a month would give 10% cashback limited to 500.
Essentially, 1000 cashback for two months.
Any registration to be done for this Sunday offer ??
Any registration for this Sunday Offer ?? Or , applicable for all ICONIA Amex Card holders?
I had applied for IndusInd ICONIA Amex….
But they send me a VISA version….
Have raised complaint ….. but seriously poor work by IndusInd — didnot even care enough to chk whats filled up in form… they even Goofed-Up in the Office address… Could not even copy properly from my Business Card.
Should I now convert it to Dual Variant ( Keep VISA + get AMEX) or, cancel VISA & keep AMEX only ???
Will keeping Dual Version reflect as TWO cards in CIBIL record??
Any other issue with Dual Variants except that it will lead to Split in Credit Limit ??
Anyone faced similar issue …. Visa issued instead of Amex.
Have raised compliant now…they say that they will chk & get it corrected.
Ashu, as far as I know Indusind does not offer both the variants. They denied me an additional visa variant by saying I would have to cancel the Amex variant in case I wanted the visa. I did not agree as the Amex variant gives double RPs compared to the visa one. You will be lucky if you can get to keep both the variants.
When I applied for Iconia Amex, bank official told, I will be issued one amex and one visa, but I recieved amex only, when I wrote to customer care, they replied me, they can split my limit and can issue a visa card too. I just kept that email with me, later droped the plan to apply visa.
Manish, when did you apply? may be that was the case a while back. These days they are providing both variants if requested. When I applied two months back they told the same and even in the service call I got today, they offered to give VISA variant also(I have Amex) .
I took Amex variant purely for reward rate. Didn’t see any benefit with the Visa card because I can use other visa/mc cards instead. I would suggest you to stick to only Amex.
Even my brother has been treated the same way. We both went to the branch and he applied for the AMEX Variant. When he gets the card, he gets the Visa Variant. After repeated chasing, I think they have issued the AMEX Card but till now he hasn’t got it in his hands. Once he gets, we will see if IndusInd has allowed both cards (which we don’t want since the limit is halved) or cancelled the Visa and Issued the AMEX. Only time will tell.
How much time passed since Complaint raised for Correction to Amex by your brother…
My IndusInd branch has told that they will get it corrected in a week’s time.
But really strange, how can they change the option that I have ticked in the form ?? Without my consent.
If they r not keen on the Amex Iconia, they should discontine the card….rather than forcing Visa variant down the throat.
I’ll update you about this once I get more info on this issue. Till now my brother didn’t receive the card as he was not in town.
Dont trust Indusind bank with ur hard earned money. Their technology and their service centre is complete bullshit. Really regretting why i took this card from Indusind. Stay away
Thnx Praveen for confirmation on Fuel part at HPCL.
Maybe Sid can update on Bpcl / Iocl if his statement has generated.
As far as AMEX / Visa good upnis concerned , I raised hue & cry over giving me wrong variant.
It seems they are not keen on giving Amex variants….and I have to literally repeat 10-15times that I need ONLY amex variant.
Branch manager even asked to write a mail stating that I will not be requesting Visa variant in future and only Amex is required with consideration that its acceptability is low.
I have done all as requested by them….let’s see. I shall update more in next 2-3days
How stupid of IndusInd …. As a customer , I already knew of Amex acceptability and ticked Amex variant in form. How can they change the variant at their own fancy ?/…
Not a good start with IndusInd for sure..
here’s update from my end.
Received New AMEX version of ICONIA today.
It took 9 days from VISA card receiving to AMEX replacement.
PIN not yet received….. and i think AMEX PIN can not be set Online or at IVR…. so i to wait till PIN comes separately to start using the card.
Letter says it is a UPGRADE CARD…. ( just a terminology use, its more of a correction).
Credit Limit is same as VISA version and the day I use AMEX, previous VISA version will be suspended automatically.
P.S — I like Design of AMEX version more than the VISA version 🙂
When do we get the Option of Choosing Gift Card ??
Is it just after Payment of 1st Statement ?
Or, is it like by 2nd Statement ( once Payment has been realized) by the bank…
And how much more time from Statement generation to the SMS procedure to choose Gift Voucher.
Just to update…
I will be attending Bro-in-Law marriage by 3rd week Dec & wanted to go for Clothes shopping by Dec 1st Week at-least:
Iconia AMEX card received today – 8th Oct….
will it be possible to get Pantaloons Voucher by Dec 1st Week??
I am sure you’ll get that. Call IndusInd and get it done ASAP. My brother received the card and the pin within 2-3 days of each. The card was simple to set up and now the card is showing up in the internet banking after registering. Very simple interface. IndusInd has to do a lot to upgrade. The kind of services HDFC provides through it Netbanking for its credit cards is unparalleled. All banks should have such options.
And now PIN issue with Amex Iconia…
It has been 6days since received CC and yet to receive PIN….
Calling CC says that it has been sent by some Prof. couriers…tracking shows Out for Delivery for last 3days .
Who sends such imp. Documens by 3rd class Courier services… Usual Courier services used by Top banks are Bluedart etc.
Again , a poor experience with IndusInd….
Worse part is that it’s Amex version…so can’t create PIN at IVRS / Online…
No option other than waiting endlessly
I got the PIN 3 days after receiving the card. Hope it helps!
Some Good offer about to come for Iconia Amex…. Received following SMS today —
“Dear Customer, Festivities are in full swing and there is something exciting in store for you on your IndusInd Bank Iconia American Express Credit Card. Stay tuned for more! TnC Apply.”
Yes, i got it as well. Wondering why they’re sending a promo like a trailer 😀
Unless it’s like a 10X or 15% Cashback.kind of offer , it’s not the worth the Hype they r creating.
Or maybe it’s just to intimate that some offers are coming, pls don’t feel left out with our cards..
(And pls don’t use Ur Full Capacity with Yes, Diners etc 🙂
Lol. Well said!
I am new to Amex !!
What is the equivalent of VbV (Verified by Visa) or Master SecureCode for AMEX ??
Where do we register for Online Password or OTP System ??
You try making an online payment. Say start by funding ₹100 to your paytm wallet. When you are taken to that 2FA page, you’ll have an option to register for Amex Safekey.
Thanks…Yes did it.
Also registered for eZeeClick.
This card does not work in Amazon ……
At Amazon balance add section, selecting this card asks for Address PIN code as a detail and then tranx failure happens..
Guys Pl clear the point full and final. Iconia Amex what is the lounge access, unlimited or 2 /quarter?
Also what about iconia visa lounge access.
here is the reply received for ICONIA – AMex issue :
We regret the inconvenience caused to you.
According to the RBI guidelines, we process domestic online transactions after validating the e-Secure password or the One Time Password (OTP).
However, American Express has started processing online transactions of Amazon, BookMyShow and few other Merchants basis the Pin Code authentication.
Hence, for security reasons, you will be unable to transact on the referred Merchants Websites/Mobile Apps using your IndusInd Bank Iconia American Express Credit Card.
So, you still can’t use this card on Amazon or BookMyShow? This is a huge setback. How come no one else is talking about it?
I was trying to use IndusInd Iconia amex during 10% off in Snapdeal but it was showing card not eligible for offer .But with Visa Iconia I got the offer so it’s better to opt for dual network option for this card. Contacted both IndusInd and Snapdeal regarding this waiting for reply for them why amex card is not getting discount
Its Simple ! Snapdeal and everyone else including POS terminals have to pay 3 % MDR for AMEX, whereas its 1 – 1.85 % for VISA & MASTER & even less for RUPAY !
Not quite right. I accept AmEx at my guesthouse PoS and I am paying them 1.75% on International + Domestic AmEx cards. Now, this is actually cheaper than accepting Visa And MasterCard!
Thought I’ll give an update on reward point redemption.
I logged into the app and have written to them to redeem the points. The cash got credited to my account in 3 days. The good thing is there are no redemption charges.
Standard Chartered Titanium card offers 5% cashback on Fuel across brands, Telephone and Utility(Capped).
5% cash back includes fuel surcharge charged. Effective cash back would be 2.67/2.5%.
Hello guys anyone knows the minimum limit they offer. In indusind iconia credit card
Is this specific AmeX variant available card-on-card basis?
*Please note effective 01st April 2018, fuel transactions will not accrue reward points on your IndusInd Bank Credit Card”.
Quoting as per the website.
Let me share my experience with Indusind Iconia Amex. I applied for this card in the month of February. It wasn’t approved due to some reasons. They themselves called me and approved the card in July. They processed the card through the card on card process. They offered me dual variant visa and Amex. They have split the credit limit between the two cards. They gave me Rs. 5.61 lakhs limit. (My Hdfc Card has Rs. 4.75 lakhs limit)
They offered me the cards with different fee structures like Rs. 3500/- ( No voucher), Rs. 5000/-(Satyapal), Rs. 10,000/-(pantaloons, woodland, yatra, UCB, make my trip, jet code) I opted for the last one.
When I tried to add the card to the app, there was no use. The passwords were taking too much of time. But once added everything goes well.
It’s a good card to have. You can go with it.
Is it working on Amazon now? Previous comments suggest that it didn’t.
Yes it is working on Amazon now.. 🙂
BY Dualk Varinat do u measn u got Both Visa and Amex or is it the new one In which u have 2 varinats i single card.
You cannot have 2 variants on one card! You get AmEx and Visa credit cards under Iconia (both separately) while the new card that you are talking of is the one with Debit and Credit card features on one card (Duo).
is the lounge access also applicable abroad?
I got an offer from Indusind Iconia. 10% discount on POS transactions on Fridays. Do a minimum transaction of Rs.8000/- and get the maximum cash back of Rs.1200/- on all Fridays in the month of March.
Both of these values of minimum txn value of 8000/- and maximum cashback of 1200/- are cumulative sum across all 5 fridays in the month of March. It is not separate for each of the Fridays.
Is it really account specific or will apply to all customers?
account specific.. Only for those who have been communicated…
I got an offer from Indusind Iconia that spend RS.10,000/- between 13-14 March and get the prime membership of EazyDiner worth RS.2500/-.
Indusind has launched PAYBACK credit card.
I have been offered this card lifetime free with no joining fees. Applied for both amex and visa variant. Documents have been picked up. It’s been more than 10 days now. Hoping for the card to be approved and delivered soon.
Was that a corporate offer?
No. Just got a random call from indusind bank sales team. They told me that I had shown interest in their cards through their website sometimes back(which i did a few months back, but then i chose not to go forward due to high joining fees) .
Hi Sid , Indusind is providing this card as LTF currently . After reading Rafe’s post contacted their sales team and the sales representative told me the card was LTF currently but stated he does know till when . I guess he wasnt much aware about Iconia as he was trying to pitch me Indusind Aura saying that is a better card. However , later he admitted that Iconia was indeed much more beneficial and i should go with that. He told me that the bank is only issuing a single variant since now it is LTF but he can get a special approval for the other variant if I hook some other friends as well ( Seemed much more of selling tactic ) . Got a colleague to signup as well and both the variants have been issued . The turnaround time was like 7 working days till I received my card and that was pretty quick . This by far gives me the best rewards on all spends currently . Other cards I hold HDFC Diners ClubMiles , ICICI Amazon Pay , Amex MRRC , Jet Cobranded ICICI Coral which i need to dispose off quickly if things persist. Any other cards which can be added . I was looking at Yes FP but with current devaluation doesnt seem the best bet.
Dear Mr Mondal
I would like to get this card. Is it possible for you to share more details how to get this LTF. I would need this card and my salaried working in MNC.
In local area Delhi they want to sell this with 10-50 k variants
Siddharth : can you pls allow this sharing of information if Mr Mondal agrees
Hi Ankush ,
I had a previous asked for Indusind CC by sharing my contact details online on the Bank Website ( I guess at the time of launch of Duo Card ) . I contacted the same personnel (Balasaheb.Sopne) and inquired about the card whether it is being sold LTF or not .You can drop him a mail at the banks registered domain and he can help you out.
Mr Monday / Sid
I would also appreciate sharing of info on Iconia LTF PLEASE.
Hey Nabendu even I got this card at LTF. All I had to do was to submit details like name to print on card, address to which card has to be send. I entered the details on sunday, the card was couriered on tuesday & got the card on friday. This is the quickest card I ever got.
I just agreed to pay 10k for this card instead of life time free nnnnoooooooooo!!!!!!!!!!!!
They’re offering me iconia amex as ltf. I’m seriously considering to get it as there is no joining fees associated. I feel even after all the devaluations it’s a pretty good card if you can get as ltf.
From 1st Aug 2019, Reward rates were reduced to just 0.7 per 100 on below categories:
Utility Bill Payments, Insurance Premium Payments, Government Services/Charges/Payments, Education Institute Fees
Can someone confirm if Wallet Loads to Paytm/AmazonPay/AirtelBank/FreeCharge etc are still fetching earlier reward rate(1 on weekdays and 2 on weekends)?
Thanks in Advance.
For Paytm Wallet Loads using Add Money Option it is still considered as Merchandise as per my August Statement and getting rewards at 1.5%/2% on Iconia Amex. However, times when I paid for Metro Card Recharge / Electricity Bill directly it got considered as Utilities and the reduced reward rate came into picture .
Moral : Load Money to Paytm Wallet First and then pay your bills to get the normal reward rates
Yes, I do notice this.
From yesterday, I was getting calls from Indusind saying that I’m eligible to upgrade to Iconia from my Aura-Edge but they were mentioning a joining fees of about 2500…I denied to them saying I can’t give such high joining charges…
Then after reading some of the comments here & hoping that I can also get it LTF without paying any joining fee, I called their customer care & after “40 minutes of hold time”, they clearly told me that there is no such Lifetime Free card upgrade without paying joining fees offer available from their end…I tried telling them multiple times that, I know several people who got this card as LTF without paying any joining fees but they continued to deny giving me the upgrade without paying joining fees…
So, I will have to keep the Aura-Edge & won’t be able to upgrade to Iconia as I won’t be able to pay 2500 joining fees just to get some useless coupons which I don’t need…
Looks like this LTF with no joining fee offer has eneded from their end…
Just consider festival and spend based offfer which they run. It will take care of your joining fees in addition to voucher which u will get. For example current spend based offer of 5000 amazon voucher on 60000 spend is great offer. You are lucky to get call from them for upgrade. I called them and asked for upgrade for which they will charge me 5000+GST. I am confident that I will be able to recoup cost is just one year even if i dont consider voucher benefits.
I just called them & now they are saying 5000+GST…What nonsense ?? 1 month back they called & told me it’s 2300+GST…
I called them just to know the pricing because Bankbazaar site is showing this card as LTF…
Im using indusind platinum aura for the past 2yrs and recently 3 months back upgraded to iconia visa but so far i have not got any limit enhancement my card utilization will be 50% approx not even any single late payment. Why they are not considering for LE?? Need your opinion on this..
Very conservative bank as far as limits are concerned…I have 70k limit since last 2 years….when contacted I was asked to send 3 months slips and bank statements on their email I’d which I have sent…let’s see
Got an offer to get this lifetime free and no joining fees… worth taking this card?
are you using any indusind credit cards prior to this offer? else how?
Got a call from bankbazaar guys. Decided to go ahead. Everything was done online from IndusInd end and they had an online verification call. But I must say IndusInd communication and follow up is not great. I had to follow up with them to find out the card was approved and then again to find out when card was dispatched.
Same thing with me, card dispatched, will be delivered tomorrow. Poor communication from IndusInd. Did you receive or set up the pin yet?
I have been getting this offer from both Paisa Bazaar and Bank Bazaar for almost 4-6 weeks now. Did not find the card worth taking in comparison with the cards I already have. Also, when I already have two Amex (MRCC + Gold Charge), there is no point in adding another Amex Platform card. As such Amex acceptance can be a pain at times.
Got link to set pin from Email. Got card as well. Had to follow up with IndusInd to get bluedart tracking number as well.
Rohit – Did you get Iconia Amex from Bankbazaar or some other variant of Indusind Card?
I got an iconia amex Card with no joining fees and LTF card.
How bro? Do u have account in Indusind? Card to card basis?
Apply through bankbazaar to get LTF card. I also applied in last week and application is under process.
In bankbazaar is the offer still there, now it shows fee as 3500 and not LTF card ?
LTF offer was there till 30’th June only
LTF with 0 joining fees offer is gone now. Good deal while it lasted. Applied and got it last month. Applied on 2nd and got it on 19th.
I applied this card when it was showing 0 fees on Bank Bazaar. My application is still under process. But now it is saying 3500 fees even for my application. Should I pursue with Bank Bazaar guys to make it free? will it help? I would not like to pay the fees when I applied while it was free.
It shows as 3500 for me too and everyone who has the card. So it does not matter what it shows now, but what matters is on what option was your card applied, which is most likely LTF. Just confirm with Indusind about your application and make sure it is LTF. You don’t have to pay the fees, because your application was applied and considered under LTF.
Got this whatsapp message today from bank bazaar –
Thank you for your interest in IndusInd Bank Credit Cards. We will call you shortly to process your application for a lifetime-FREE IndusInd Bank Iconia VISA Credit Card.
If you prefer another IndusInd Bank Credit Card (which has a fee), please reply with “I prefer an IndusInd Bank Credit Card with fee”.
These guys are playing with me 😓
You have applied under ltf quota, I suggest you proceed with this and you will get the card free.
Hi Siddarth, I recently got this card on amex platform. I got a call from bank telling that I can have the visa variant too as backup. If i ask for a visa variant, will it be considered as an add-on card or a completely new card application with a toll on my cibil with a hard enquiry?
Buddy, how did you apply for this card? They told me that this card is stopped due to some issues with Amex
Got Iconia Amex as LTF during Diwali 2018. Even after having a usage & payment history they didn’t give any limit enhancement offer during these 2 years. I’m also an Indusind account holder with good RV, even then no enhancement offers. Last month the branch head contacted me about opening an FD & told him about enhancement & he asked to give ITR. They processed it within 7 days. Got a 75% enhancement but Indusind made a hard inquiry on CIBIL.
Can anyone confirm if this card is eligible for amex privileges like amex concert ticket presales on ticketmaster, live nation, axs, etc?