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).
|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.