IndusInd Bank Iconia Amex Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Iconia Amex Credit Card, issued by IndusInd Bank, is positioned as a premium offering designed to provide customers with a wide array of benefits across lifestyle, travel, and entertainment categories. While it has been discontinued for new sourcing, it remains a reference for existing cardholders, offering a robust rewards program with accelerated points on weekend spending, comprehensive welcome benefits including luxury vouchers, and exclusive privileges such as complimentary lounge access, golf benefits, and a 24x7 concierge service.

Welcome Benefits

• Exclusive Montblanc e-gift vouchers, valid for up to six months and redeemable at 12 stores in six cities in India.
• Luxe Gift card worth Rs. 5,000, redeemable across 30 luxury brands and stores.
• Complimentary Postcard Hotel voucher.
• A wide range of exclusive vouchers from popular brands including Amazon, Flipkart, Big Bazaar, Zee5, Apollo Pharmacy, Biba online, Ola Cabs, Uber, BATA, Vero Moda, Aldo, William Penn, Titan, Pantaloons, Hidesign, Woodland, United Colors of Benetton, Charles & Keith, Louis Phillippe, Hush Puppies, and Urban Ladder.
• Welcome gift is applicable on select fee plans.

Fees

• Joining Fee: Rs. 3,500 + GST (or Issuance charge of Rs 3,499).
• Annual Fee: Nil.
• Spend-Based Waiver: No spend-based waiver on the joining fee.
• Rewards Redemption Fee: Rs. 100 per redemption request.
• Foreign Currency Markup: 3.5% on all international transactions, plus dynamic currency conversion charges.
• Interest Rates: 3.83% per month (46% per annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions at all fuel stations across India.
• Cash Advance Charges: 2.5% on withdrawal amount, subject to a minimum charge of Rs 300.
• Add-on Card Fee: Nil.
• Interest-Free Tenure: Up to 50 days from when the credit card statement is generated, not applicable if the total amount due is not paid in full.

• Late Payment Charges

  • Up to Rs 100: Nil
  • Rs 101 - Rs 500: Rs 100
  • Rs 501 - Rs 1,000: Rs 350
  • Rs 1,001 – Rs 10,000: Rs 550
  • Above Rs 10,000: Rs 700
• Over-Limit Charges: 2.5% of the over-limit amount, subject to a minimum of Rs 500.
• Charges for Credit Card Payment Through Outstation Cheque: No additional charges, accepted only from IndusInd Bank locations.
• Charge Slip Request Charges: Rs. 300.
• Reissuance/Card Replacement Fee: Rs 100.
• Credit Card Payment Cheque Return Charges: Rs 250.
• Balance Enquiry Charges on Non-IndusInd Bank ATMs: Rs 25.
• Railway Booking Surcharges: As applicable on the booking website.
• Charges for Making Credit Card Payment in Cash: Rs 100.
• GST Charges: At the current rate, as notified by the Ministry of Finance, Government of India.
• Duplicate Statement Charges: Rs 100 per statement (beyond the last 3 months).
• Priority Pass Usage Charges: Up to US $27 per person per visit (for non-complimentary visits).

Rewards

• Reward Type: Reward Points.
• Rewards Rate:
  • Earn 1.5 Reward Points on every Rs. 100 spent on weekdays (Monday to Friday).
  • Earn 2 Reward Points on every Rs. 100 spent on weekends (Saturday and Sunday).
  • All fuel transactions will not accrue reward points, effective 1st April 2018.
  • The Rewards program was revised for select merchant categories from 1st August 2019.

• Movie & Dining Benefits

  • Buy 1 Get 1 free on movie ticket bookings with BookMyShow and Sathyam Cinema.
  • Cardholders can avail one free movie ticket per month, with the cost of the complimentary ticket capped at Rs 200. If the ticket price exceeds Rs 200, the cardholder pays the differential amount.

• Travel Benefits

  • 8 complimentary domestic lounge access every year (equivalent to 2 complimentary domestic lounge access every quarter).
  • Complimentary Priority Pass membership, providing access to over 600+ lounges worldwide.
  • Every lounge visit using the Priority Pass will be charged at USD 27 per person per visit (for non-complimentary visits).
  • Travel Plus Program:
    • Offers special waivers on lounge usage charges outside India, with a maximum of 8 lounge usages per year valued at USD 27 each.
    • Includes comprehensive travel insurance cover provided by ICICI Lombard General Insurance Company Limited:
      • Lost baggage: Up to Rs 100,000
      • Delayed baggage: Up to Rs 25,000
      • Loss of passport: Up to Rs 50,000
      • Lost ticket: Up to Rs 25,000
      • Missed connection: Up to Rs 25,000
    • Enrolment fees for Travel Plus Program: Rs 5000 per annum (effective 15th Oct 2013), with an approximate annual saving of Rs 12,960.
  • Personal Air Accident cover worth Rs. 25 lakhs.
  • Complimentary access to Amex lounges.

• Golf Benefits

  • 1 complimentary golf game every quarter.
  • 1 complimentary golf lesson every quarter.

• Lifestyle & Assistance Benefits

  • 24x7 Concierge Service: Provides assistance with pre-trip information, hotel reservations, flight bookings, sports and entertainment bookings, exclusive event bookings, and flower/gift delivery.
  • Auto Assistance: Includes roadside repair service, emergency fuel supply, flat tire