IndusInd Bank
IndusInd Bank Pioneer Heritage Credit Card
Annual Fee
₹29,500₹25,000 + GSTBase Reward
1% points
Foreign Markup
3.5% + GST
Welcome Benefits
Oberoi e-gift voucher and a Luxe Gift card
Product Highlights
- Unlimited lounge access with Pioneer Heritage Metal card
- 2.5 Reward Points for international transactions
Category Rewards
Specialty
International transactions
2.5X
Fee Waiver
Waiver of Annual Charges on Spends of ₹10 Lakh
Reward Calculator
Earns ₹525/year (net)
Modest gain. Solid hold if you like the perks.
₹13K
across all your buckets
2.1K
IndusInd Reward Points
₹525
via statement credit · ₹0.25/pt
Effective rate
0.34%
Annual fee
FREE
Year 1 net
+₹525
Year 2+ net
+₹525
ongoing
Adjust your spend by reward bucket
2 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
1.8%Charged on every international (non-INR) transaction
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
2.5 Reward Points for Rs 100 spent on international transactions and 1 Reward Point for Rs 100 spent on domestic transactions.
- 1 RP = ₹1 When Points Are Redeemed Against Statement Credit.
Benefits & Features
Domestic: 2 per quarter (8 complimentary domestic lounge access every year) (Available with Pioneer Heritage credit card.) International: Unlimited with Pioneer Heritage Metal credit card and 2 per quarter using LoungeKey membership. (Available with Pioneer Heritage credit card.) Unlimited lounge access with Pioneer Heritage Metal credit card.
Pros & Cons
Pros
- Welcome gift of Oberoi e-gift voucher
- Up to 3 complimentary movie tickets every month
- 20% off on non-movie bookings with BookMyShow
Cons
- High joining fee of ₹100,000 + GST
- Annual fee of ₹25,000 + GST
Additional Info
Maximum reward points capped at 30,000 per statement cycle
Minimum redeemable reward points against cash credit is 500
Maximum of 30,000 reward points can be accumulated per statement cycle.
Partner Merchants
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Fees & Charges
Eligibility
Networks
Fee Waiver
Waiver of Annual Charges on Spends of ₹10 Lakh