IndusInd Rewardz Festival (2021): Save upto 2% as Bonus points and more

By | October 2, 2021

IndusInd Bank is up with their targeted Diwali promo for 2021 with which one can save upto 2% on spends as bonus points + there are some top spender offers as well. Here’s everything you need to know about the offer.

Offer Details

  • Offer Period: 1st Oct 2021 to 6th Nov 2021
  • Excluded spends: Insurance, rent, real estate, gov. taxes & other bill payments.
  • Bonus Points Offer: Get 1% Bonus points on spends of XXX; get 2% bonus points on all spends above Rs.YYY once the overall spends exceed Rs.ZZZ. Max. bonus points varies for each cardholder.
  • Top Spender Offer (Overall): Top spenders can grab Hyundai Verna(top #1), Sony Bravia (top 2-5), iPhone 12 Pro (top 6-10).
  • Top Spender Offer (Weekly): Weekly spenders gets OnePlus 9R, Amazon Echo Dot 3rd Gen, etc

I got the below offer on Pinnacle Credit Card with max. bonus points limited to 3600 points. Hmm!

Just incase if you’re not registered, here is what you need to do:

  • Type sms JOIN and send it to 5676757 (or) check the email and click on the personalised link.
  • Registration Period: 24th Sep’21 to 8th Oct’21

Bottom line

IndusInd Credit Card Diwali offers are getting worser almost every year. It used to give return on spend as good as ~10% few years ago and then it started dropping last 3 yrs and now its hardly 2% extra, ideally giving a max return of ~4.5% on select spends on select cards.

Further, the T&C doesn’t mention anything related to spends done over and above the assigned credit limit rule for which they usually don’t give points.

And the new addition of Top spender offer only makes me afraid about the future of IndusInd Rewardz festival offers.

That said, we may also expect a separate promo for IndusInd Amex network Cards, which is usually sent out bit later.

Did you receive the IndusInd Festive Offer for 2021? Feel free to share your thoughts in the comments below.

Author: Siddharth

Helping Indians to choose right credit cards, pick right offers and enjoy luxury vacations for less. Day & night exploring the spiritual reality of our human existence.

30 thoughts on “IndusInd Rewardz Festival (2021): Save upto 2% as Bonus points and more

  1. Mahesh S. Panicker

    Got a voucher offer of Rs 200 on spends of 25000, and one of 800 on spends of 50000. Not really worth it, HDFC, ICICI, Axis, SBI and Amex have much better offers on the cards I have, so giving it a complete pass. Very disappointing from IndusInd.

    1. Siddharth Post author

      Voucher? that’s interesting. Thought they did the bonus points offer for all.

  2. Darshdeep Singh Grewal

    My offer
    25k- 1% = 250 or
    50k -2% = 1000
    I have to spend on neither of them.
    Not beneficial for me.

  3. Sri

    What exactly does 1% bonus points mean ? Is it getting 1 % additional reward points to what you normally get ?

    1. Siddharth Post author

      1% of the spend as points, ignore old point earn rate/value etc.

  4. Rahul

    This is such a bad offer. There is a reason why I dont use my indusind card. No offers worth spending

  5. Anuj

    Is there any update whether they will be giving regular reward points on spends done over assigned credit limit.
    Last year during rewards festival they were doing that.

    1. Siddharth Post author

      Didn’t care checking with support on that as anyway the offer is not exciting enough.

      P.S. Heard from someone that they’ve now set the Credit limit as the monthly spend limit!!

      1. SS

        Not sure about that though.
        Have kept paying In between and have spent way over the credit limit in this month / billing cycle as well. Transactions going through smoothly though.

        Had a low credit limit of 4.5L in my Pinnacle card which I have been holding for about 4 years now and strangely it never got revised (probably for low usage on this unattractive card).

        One single transaction this month was for 5 L which is 50k over Credit limit but I had prepaid my account to have sufficient credit limit available. Went through smoothly.

        Did not notice anywhere in T&Cs that it will only be till credit limit else the very purpose of this contest is defeated IMHO.
        They do have a minimum spend level though as per T&C.

        1. Siddharth Post author

          From my understanding, it seems they silently revoked that restriction and hence they didn’t mention anything about it in the offer t&c.

  6. Muthu A

    Any idea how much to spend weekly and through out the offer period, to be in the top spender criteria?

  7. Rishabh

    Hi Siddharth,

    Much delighted to share- Today received call from IndusInd bank that I have been qualified for Gold Coin voucher on spends of 8758 as part of Independence Day offer. And best part is only first 3 customers who make the transaction of exact amount shall be getting qualified for this offer, feeling proud to be among top 3 from India 🙂

    (Has to pay 30% TDS on prize money though 🙁 but still happy with the remaining prize money value)

    Never believed on such luck based spend offers till date, but now will definitely going to give a try for all such offers in future across any banks.

    1. PJ

      Congrats Rishabh.
      Can you please share what time was your transaction recorded, as the reward was just for first 3 customers doing the transaction of exact value.

      1. Rishabh

        I did transaction at 12:00:01 am on 15th August as per SMS received.

  8. SS

    Anyone get this vouchers after meeting spend criteria? Mine still pending.

    1. Uber Rider

      January 31, 2022, is their promised date of fulfilment, let’s wait and see.

  9. Arunkumar


    Till now they didn’t declare the winners of Top Spender offer overall & Weakly.

    Anyone got msg or call.

  10. Hardik

    I spent 3,90,000 on 1st November 2021 as my credit limit only 4,00,000 still I was not eligible neither for “Top Spender Offers” nor “Top weekly spender” I just get 2% reward point only.

    1. Arunkumar

      I think Top Spender Overall & Weakly is cheating. No one got winning communication. There is no info about winners in website & no news about delay in winner declaration also.

  11. srikanth

    do anyone get the mail or sms of rewards festival 2021 regarding winning

  12. Jana

    Did anyone get those bonus 1 or 2% reward points as promised in the offer.

    1. Arunkumar

      Reward points 2% credited in last week of Jan. But they didn’t fulfil the Top Spender & Weakly Spend offer promise. I checked even with customer care. They also don’t have update about the same.

      1. balaji

        They have devalued the points to 0.75 as on March 15 2022.

  13. Arunkumar

    Any update on winners? Anyone got prize. How to escalate if indusind is doing fake offer cheating?

  14. Arunkumar


    Today i have received a call from customer care that i won Amazon Echo Dot in the rewardz festival. Anyone elese got call?

    I am following them regularly in twitter & mails. So they are giving trying to convince me with small gift. My spend was around 30L during that period. I refused to take the gift. They are not giving Top 10 gifts to anyone. Purely cheating people.


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