IndusInd Bank Tiger Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Tiger Credit Card, issued in partnership with Tiger Fintech (a Bajaj Capital Group company), is a lifetime free credit card designed for individuals seeking a rewarding experience without annual costs. Positioned as an all-rounder, it offers a robust rewards program where cardholders can earn up to 6 Reward Points for every ₹100 spent on eligible transactions. Key benefits include a low foreign currency markup fee of 1.5%, complimentary movie tickets, airport lounge access, and golf privileges, making it an attractive option for shoppers, travelers, and entertainment enthusiasts.

Fees

• Joining Fee: Nil
• Annual Fee: Nil
• Spend-Based Waiver: Not applicable as the card is lifetime free.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 1.5% + GST on all international spends.
• Interest Rates: 3.5% per month (42% per annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver across all fuel stations in India. This waiver is applicable for fuel transactions between ₹400 to ₹4,000 only.
• Cash Advance Charges: 2.5% of the cash advance amount.

Rewards

• Rewards Rate: Earn up to 6 Accelerated Reward Points on every ₹100 spent on eligible transactions.
  • Spends Slabs (Anniversary Year):
    • Up to ₹1,00,000: 1 Reward Point per ₹100 spent.
    • ₹1,00,001 – ₹2,50,000: 2 Reward Points per ₹100 spent.
    • ₹2,50,001 – ₹5,00,000: 4 Reward Points per ₹100 spent.
    • Greater than ₹5,00,000: 6 Reward Points per ₹100 spent.
• Reward Exclusions: No Reward Points are awarded for fuel transactions, utility bill payments, insurance premium, government services, educational institutes, real estate, and rental payments.
• Movie Benefits:
  • Get one complimentary movie ticket up to ₹500 on BookMyShow every six months in a calendar year (equivalent to 2 complimentary tickets per year).
  • Offer is valid on all theatres registered with BookMyShow across all major cities.
• Travel & Lounge Access:
  • Priority Pass Programme: Provides access to over 1,800 lounges across the world.
  • Domestic Lounge Access: 8 complimentary lounge accesses per year (2 complimentary visits per calendar quarter) to participating domestic lounges within India.
  • International Lounge Access: 2 complimentary international lounge accesses per year through the Priority Pass program.
• Golf Benefits: Enjoy 1 complimentary golf game or lesson every quarter, totaling 4 games or lessons per year, at exclusive golf courses and clubs in India.
• Insurance Benefits:
  • Air Accident Coverage: Worth ₹25 lakhs.
  • Total Protect: A program covering unauthorized transactions up to 48 hours prior to reporting the loss/theft of the card, and protection against counterfeit card fraud. This cover is equal to the credit limit on your card and is also available on add-on cards.
• Concierge Services: 24x7 concierge services are available for:
  • Travel or Hotel Bookings
  • Pre-trip Assistance (information about destinations, landmarks, transport)
  • Event Bookings (sports, entertainment, special talks)
  • Flowers and Gifts delivery
  • Car Rental Bookings and Limousine Service
  • Flight Bookings
  • To avail concierge benefits, contact 1860 267 7777.
• Auto Assist Services: Provides assistance for vehicle-related emergencies:
  • Roadside Repair Service for mechanical/electrical faults.
  • Emergency Fuel Supply (up to 5 litres) if stranded due to lack of fuel.
  • Flat Tyre Services for repair.
  • Keys Locked Inside service to arrange a locksmith.
  • Battery Service for non-functioning batteries.
  • To avail Auto Assist service, contact 1860 267 7777.

Rewards Redemption Guide

• Cash Credit: 1 Reward Point = ₹0.40 when redeemed against statement credit or cash credit.
• Monthly Cash Redemption Limit: Users can redeem a maximum of 5,000 Reward Points for cash each month. This limit is effective from 1st September 2024.
• Airline Miles Redemption:
  • 400 Reward Points = 120 Krisflyer Miles.
  • 4 Reward Points = 1 Krisflyer Mile.
  • A maximum of 10,000 Reward Points can be redeemed against KrisFlyer Miles in a calendar month.
• Voucher Redemption: Redeem reward points against vouchers from brands like Oberoi, Luxe, and E-Vouchers for Shopping, Traveling, Dining, and Entertainment via IndusMoments (www.indusmoments.com), where 1 Reward Point = ₹0.40.
• Reward Point Expiry: Reward Points earned with the IndusInd Bank Tiger Credit Card expire after 24 months.
• 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 from 21st January 2025.

Card Eligibility Criteria

• Must be a resident of India.
• Must be above the age of 18.
• Must have a decent credit score.
• Must have a stable source of monthly income.

Card Review

The IndusInd Bank Tiger Credit Card is an excellent choice for individuals who frequently shop, watch movies, travel, and enjoy golfing. Its lifetime free nature, coupled with a magnificent rewards program offering up to 6 accelerated reward points per ₹100 spent, makes it highly valuable. For frequent travelers, the card stands out with its low foreign currency markup fee of 1.5% and access to 8 domestic and 2 international airport lounges annually. Additional perks like complimentary movie tickets, golf games, comprehensive insurance coverage, and 24x7 concierge and auto assist services further enhance its appeal.

Pros

• Lifetime free credit card with no annual charges.
• Access to domestic and international airport lounges.
• Low foreign currency markup fee of 1.5%.
• Comprehensive insurance coverage including air accident and Total Protect.
• Offers a wide range of concierge and auto assist services.

Cons

• This card does not provide any specific dining benefits or discounts.

Important Product Details

• Lifetime free credit card with no annual charges.
• Earn up to 6 Accelerated Reward Points on every ₹100 spent on eligible transactions.
• Lower foreign currency markup fee of 1.50% + GST.
• 1 complimentary golf game or lesson every quarter (4 per year).
• 1% Fuel Surcharge Waiver on transactions between ₹400 to ₹4,000.
• Complimentary Priority Pass membership providing access to international lounges.
• BOGO (Buy One Get One) offer on movie tickets via BookMyShow every 6 months (up to ₹500).
• Air Accident Coverage worth ₹25 lakhs.
• 24x7 concierge facility for various booking and assistance needs.
• Access to 8 complimentary domestic lounges per year.
• Access to 2 complimentary international lounges per year through the Priority Pass program.
• Total Protect program covering unauthorized transactions and counterfeit fraud.
• Auto Assist services for roadside emergencies.

Other Details

• The IndusInd Bank Tiger Credit Card is a co-branded credit card issued by IndusInd Bank in partnership with Tiger Fintech Private Limited (A Bajaj Capital Group Company).
• There is a revenue sharing arrangement between IndusInd Bank and Tiger Fintech Private Limited for this co-branded credit card.
• Detailed terms and conditions for various benefits and services are available on the bank's website.