IndusInd Bank Pinnacle World Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Pinnacle World Credit Card is a premium offering from IndusInd Bank, designed for individuals seeking exclusive privileges across travel, lifestyle, and golf. With a joining fee of ₹15,000 + GST, the card provides a generous welcome gift choice from popular brands. It offers a high reward rate of up to 2.5 Reward Points per ₹100 spent on online transactions and extensive travel perks such as complimentary domestic and international airport lounge access. Additionally, cardholders can enjoy significant lifestyle advantages like 'Buy 1 Get 1 Free' movie tickets and complimentary golf games and lessons.

Welcome Benefits

• As a welcome gift, cardholders can choose any one benefit from the following options:
  • An Oberoi hotel gift voucher, valid for 6 months. A maximum of 2 vouchers can be used for a single transaction.
  • A complimentary stay gift voucher at Montblanc India, valid for a period of 6 months.
  • A complimentary shopping voucher from exclusive partners like Bata, Pantaloons, Charles & Keith, Hush Puppies, etc.
  • A Luxe gift card worth ₹5,000. Redemption is allowed until the total value of the gift card is exhausted.
  • A complimentary Postcard hotel gift voucher.
  • Vouchagram discount vouchers from multiple brands like Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, Ola. These brands are subject to change at the discretion of the Bank & Vouchagram.
  • Vouchagram Premium discount vouchers from multiple brands. These brands are subject to change at the discretion of the Bank & Vouchagram.
• Note: The welcome gift is only applicable on select fee plans.
• Process: Cardholders must apply for the gift voucher within 90 days of card issuance. It takes approximately 15 days to receive the coupon codes, which then need to be used to obtain the vouchers.

Fees

• Joining Fee: ₹15,000 + GST.
• Annual Fee: Nil.
• Spend-Based Waiver: Nil.
• Rewards Redemption Fee: ₹149 + GST for Cash Redemption.
• Foreign Currency Markup: 3.5% international usage charges.
• Interest Rates: 3.83% per month (46% per annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver applicable on all fuel transactions between ₹400 and ₹4,000 across all fuel stations in India.
• Cash Advance Charges: 2.5% of Cash Advance (Minimum Charge of ₹300).

Rewards

• Rewards Rate:
  • Earn 2.5 Reward Points for every ₹100 spent on E-commerce transactions (online purchases).
  • Earn 1.5 Reward Points per ₹100 spent on online travel and airline bookings (E-com travel and airline transactions).
  • Earn 1 Reward Point for every ₹100 spent on all other purchases (PoS, MoTo, IVR transactions, and Standing instructions).
  • No Reward Points shall be awarded for fuel transactions (effective 01st April 2018).
  • Reward Points on Rent payment transactions done through third-party merchants will be capped at 500 in a statement cycle (w.e.f January 3, 2023).
• Movie Benefits:
  • "Buy 1 Get 1 Free" offer on movie tickets via BookMyShow.
  • The offer can be availed thrice every month, with a maximum benefit of ₹200 per free ticket. If the ticket price is higher than ₹200, a ₹200 discount will be applied, and the remaining amount must be paid using the card.
  • Get 20% off on non-movie bookings with BookMyShow, up to a maximum discount of ₹200.
• Travel Benefits:
  • Complimentary Priority Pass membership.
  • One complimentary international lounge visit in each calendar quarter through Priority Pass, for lounges outside India (effective 13th March 2025).
  • One complimentary domestic lounge visit every quarter with the Mastercard lounge program.
  • Any visits using the Priority Pass (other than the complimentary access) will be chargeable at $27 per person per visit.
  • Effective 1st April, 2026, spends criteria tracking will be initiated to unlock complimentary domestic lounge access from July, 2026 quarter onwards.
• Golf Benefits:
  • Cardholders receive one complimentary golf lesson and one complimentary golf game every month at selected golf courses in India (effective 13th March 2025).
  • Complimentary Hole in One Insurance worth ₹20,000.
• Insurance Benefits (provided by ICICI Lombard General Insurance Company Limited):
  • Accidental Air Death: ₹25 lakhs.
  • Lost Ticket/Missed Connection: ₹25,000.
  • Loss of Passport: ₹50,000.
  • Lost Baggage: ₹1 lakh.
  • Delayed Baggage: ₹25,000.
  • Total Protect Program: Covers unauthorized transactions in case of loss/theft of card (up to 48 hours prior to reporting the loss) and counterfeit fraud. This coverage is for an amount equal to the credit limit on your card and is also available on add-on cards.
• Lifestyle Benefits:
  • Pinnacle Concierge: A 24x7 complimentary service offering assistance with pre-trip information, hotel reservations, flight bookings, sports and entertainment bookings, exclusive event bookings, and arranging flowers and gifts delivery worldwide. To avail services, call 1860 267 7777.
  • Pinnacle Auto Assist: A 24x7 roadside assistance facility available in Mumbai, Delhi, Bangalore, Pune, Chennai, and Kolkata. Services include roadside repair, emergency fuel supply (up to five litres), flat tyre service, lost keys assistance (locksmith), battery service, emergency towing, and accident management/medical assistance coordination. To avail services, call 1860 267 7777.
  • Direct Connect: An exclusive service to get instant assistance by calling 1860 267 7777 from your registered mobile number, connecting you promptly to a phone banking expert.
  • Priority Care: For queries and concerns, email priority.care@indusind.com.
• Network Offers (Visa offers):
  • Exclusive Stay Offers with Alaya Stays: Stay for 3, Pay for 2 and 50% savings on the 2nd night at 4-star villas in coveted Indian destinations (available at 200+ villas).
  • Complimentary Annual Times Prime Membership: Provides access to 20+ subscriptions & 40+ discount-led offers across categories like Entertainment (JioHotstar, YouTube Premium, Spotify), Food & Essentials (SwiggyOne Lite, HealthKart, Netmeds), News & Learning (ET Prime, TOI), Fitness (Cultfit, Mindhouse), and offers from leading brands (Uber, Starbucks, Apollo hospitals, Myntra).
  • Travel Experiences with MakeMyTrip: Avail 2 Complimentary Seats on domestic flights up to INR 350 (in addition to bank-led offers) and flat 15% off on select domestic hotels as MyCash.

Rewards Redemption Guide

• IndusInd Bank reward points are redeemable against several options available at IndusMoments.
• Redemption Options and Value:
  • Cash Credit: 1 Reward Point = ₹0.75.
  • KrisFlyer Miles: 2 Reward Points = 1 KrisFlyer Mile.
  • Maharaja Club Points: 2 Reward Points = 1 Maharaja Club Point.
• Other Redemption Options: Pay with Rewards.
• Maximum Redemption: A maximum of 7,500 reward points can be redeemed in a statement cycle.
• Discontinuation Notices:
  • Reward Points Redemption towards Club Vistara Airmiles on www.indusmoments.com will be discontinued effective 31st October 2024.
  • Reward Points redemption towards InterMiles will be discontinued effective 21st January 2025.

Card Eligibility Criteria

• Age: The applicant should be above 18 years of age and below 65 years of age.
• Income:
  • For salaried individuals: A minimum annual income of ₹10 lakh.
  • For self-employed individuals: A minimum annual income of ₹12 lakh.
• Credit Score: Applicants should have a good credit score.
• Documents Required:
  • KYC Documents: Pan card, Aadhaar card, and photograph are mandatory.
  • Other acceptable address proofs (in case your communication address varies from Aadhaar Card): Voter’s ID, driving license, passport, etc.
  • Income Documents:
    • For salaried individuals: Last 3 months’ bank statement and last 3 months’ salary slip or other bank’s credit card details.
    • For self-employed individuals: Latest copy of ITR or other bank’s credit card details.
  • All the above documents need to be self-attested by the applicant.

Card Review

The IndusInd Bank Pinnacle World Credit Card is particularly suitable for individuals who frequently make online transactions, offering an accelerated earning rate of 2.5x reward points on such spends. The card provides a strong redemption value for cash credit at 1 RP = ₹0.75. Cardholders can achieve significant monthly savings on movies, up to ₹600, totaling ₹7,200 annually. Despite a one-time joining fee of ₹14,999, the card delivers a comprehensive suite of benefits, including valuable gift vouchers, complimentary Priority Pass membership, free golf sessions, extensive insurance coverage, and a fuel surcharge waiver. A notable advantage is the absence of an annual fee.

Important Product Details

• Exciting gift vouchers from popular brands like Oberoi Hotels, Luxe, Montblanc, Postcard, Bata, Pantaloons, Charles & Keith, Hush Puppies, and Vouchagram (including Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, Ola) as a welcome gift.
• Earn up to 2.5 Reward Points per ₹100 spent on E-commerce transactions.
• "Buy 1 Get 1 Free" (BOGO) offer on movie tickets via BookMyShow, available thrice monthly with a maximum benefit of ₹200 per ticket.
• Complimentary access to domestic (1 per quarter) and international (1 per quarter via Priority Pass) airport lounges.
• One complimentary golf lesson and one golf game every month.
• 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000.
• Comprehensive insurance benefits, including Accidental Air Death, Lost Ticket/Missed Connection, Loss of Passport, Lost Baggage, Delayed Baggage, and the 'Total Protect' program for card security.
• 24x7 Concierge and Auto Assist services.
• Nil annual fee.
• High interest rate of 3.83% per month (46% per annum).
• Foreign currency markup of 3.5%.
• Reward Points on Rent payment transactions are capped at 500 in a statement cycle.
• Discontinuation of Reward Points redemption towards Club Vistara Airmiles (effective 31st October 2024) and InterMiles (effective 21st January 2025).

Other Details

• The card is positioned for individuals who prioritize excellence and seek a luxurious range of unique travel, lifestyle, and golf privileges.
• The 'Total Protect' program is designed to make cashless transactions safe and secure for all customers.
• To apply for the card, applicants can either visit the nearest IndusInd branch for an offline application or apply online by clicking the "Apply Now" button, filling in details, and submitting the application.
• The rewards program will be revised for select merchant categories from 1st August 2019.
• Various features and benefits are subject to specific terms and conditions.