IndusInd Bank Tiger Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Tiger Credit Card is a co-branded credit card issued in partnership with Tiger Fintech Private Limited, a company of the Bajaj Capital Group. This card is designed to offer an identity, privileges, and a rewarding life to its holders, making it suitable for discerning customers. It features a magnificent rewards program allowing customers to earn up to 6 Accelerated Reward Points on every ₹100 spent on eligible transactions. Notably, the card comes with a zero annual fee, offering a lifetime free membership, which is a significant advantage for those seeking a credit card without additional costs. Beyond its attractive rewards, the IndusInd Bank Tiger Credit Card is also an excellent option for frequent domestic and international travelers, providing a low Forex markup fee of 1.5% and access to various airport lounges worldwide. Furthermore, it encompasses a range of benefits including 24/7 concierge services, entertainment offers, golf privileges, and comprehensive insurance coverage, making it a well-rounded financial tool.

Fees

• Joining Fee: Nil
• Renewal Fee: Nil
• Spend-Based Waiver: Not Applicable
• Rewards Redemption Fee: Not Applicable (However, a maximum of 5000 reward points can be redeemed for cash per calendar month, effective 1st September 2024).
• Foreign Currency Markup: 1.50% + GST on all international spends.
• Interest Rates: 3.5% per month (42% per annum).
• Fuel Surcharge: 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%

Rewards

Accelerated Rewards Program

The 'Magnificent Rewards Program' allows you to maximize reward earnings based on your annual spending.

• Earn 1 Reward Point on every ₹100 spent on your Credit Card.
• Reward Points are accrued based on spend slabs per anniversary year:
  • Upto ₹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.

  • ₹5,00,000: 6 Reward Points per ₹100 spent.

• Maximum reward points allowed for cash redemption will be 5000 per calendar month, effective 1st September 2024.
• There is a cap up to the credit limit on the Reward Points that a cardholder can earn.
• Accelerated Reward Points will not be accrued on transactions done at select MCC categories such as fuel, utility bill payments, insurance premium, government services, educational institutes, real estate, and rental payments. Fuel transactions will not accrue any reward points.

Movies

• Get one complimentary movie ticket up to ₹500 on BookMyShow.com every 6 months in a calendar year (total of 2 tickets per year).
• Offer valid on all theatres registered with BookMyShow across all major cities.

Travel

• Discounted Forex Mark-up: Enjoy a discounted foreign currency mark-up of 1.5% (+ GST) on all your international spends.
• International Lounge Access: You are eligible for two complimentary visits per year to any of the participating international lounges outside India with your Priority Pass. The Priority Pass Programme provides access to 600+ lounges across the world.
• Domestic Lounge Access: You can avail 2 complimentary visits per calendar quarter in any of the participating domestic lounges (total of 8 lounge accesses per year). Benefits include gourmet meals, comfortable seating, free Wi-Fi, widescreen televisions, and bar services.

Golf

• Gain exclusive access to some of the most picturesque golf courses and golf clubs in India.
• Enjoy one complimentary golf game or lesson per quarter (total of 4 complimentary games or lessons per year).
• Golf privileges are provided in partnership with Apexlynx.

Insurance

• Total Protect: A program covering you for an amount equal to the credit limit on your card, also available on add-on cards.
  • Unauthorised transactions in case of loss/theft of card: Insurance cover up to 48 hours prior to reporting the loss of your card.
  • Counterfeit fraud: Insurance protection against misuse of your card details to produce counterfeit cards.
• Air Accident Cover: Complimentary personal air accident insurance cover of up to ₹25,00,000.

Lifestyle

• Concierge Services: Provides 24-hour assistance, all year through, acting as your personal assistant for various requests.
  • Pre-trip Assistance: Get information about any destination in India or abroad, including weather, landmarks, and transport modes.
  • Hotel Bookings: Make bookings at any hotel across the world.
  • Flight Bookings: Handle flight bookings within India or abroad, with tickets delivered to your doorstep.
  • Car Rental & Limousine Service: Arrange car rentals while traveling in India or abroad.
  • Sports and Entertainment Bookings: Arrange tickets for sports events.
  • Event Bookings: Arrange tickets for special talks or events across the world.
  • Flower and Gift Delivery: Arrange to send flowers or special gifts anywhere in the world.
• Auto Assist: Provides roadside assistance services.
  • Roadside Repair Service: Arrangement of a mechanic for repair in case of mechanical/electrical vehicle breakdown.
  • Emergency Fuel Supply: Delivery of fuel (up to 5 litres) if your vehicle runs out of fuel.
  • Flat Tyre Services: Arrangement of a mechanic to repair a flat tyre.
  • Keys Locked Inside: Arrangement of a locksmith to prepare a new key or open your car if keys are locked inside or misplaced.
  • Battery Service: Arrangement of a service provider for battery repair if the battery is not functioning.

Rewards Redemption Guide

• Reward Points can be redeemed as cash credit or Airmiles.
• 1 Reward Point = ₹0.40 when redeemed as cash credit or against the outstanding in your card account (statement credit).
• 1 Reward Point = ₹0.40 when redeemed against vouchers from brands like Oberoi, Luxe and E Vouchers including Shopping, Traveling, Dining and Entertainment through Indusmoments (www.indusmoments.com).
• Users can redeem a maximum of 5,000 Reward Points for cash each month, effective 1st September 2024.
• For Airmiles redemption:
  • 1 Reward Point = 1.2 Airmiles (general mention).
  • Users can redeem their earned Reward Points against Krisflyer Miles, where 400 Reward Points = 120 Krisflyer Miles.
  • A maximum of 10,000 Reward Points can be redeemed against KrisFlyer Miles in a calendar month.
• Important Notices regarding Airmiles redemption:
  • Reward Points Redemption towards Club Vistara Airmiles on www.indusmoments.com for your IndusInd Bank Credit Card will be discontinued effective 31st October 2024.
  • Reward Points redemption towards InterMiles for your IndusInd Bank Credit Card will be discontinued effective from 21st January 2025.
• Reward Points earned with the IndusInd Bank Tiger Credit Card shall expire after 24 months.

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 prioritize shopping, movies, travel, and golfing. As a lifetime free credit card with no annual charges, it offers significant value without the burden of recurring fees. Its magnificent rewards program, providing up to 6 Accelerated Reward Points on every ₹100 spent, is a key highlight. Frequent travelers will particularly appreciate the low foreign currency markup fee of 1.5% and the generous lounge access benefits, including 2 complimentary international lounge visits per year via Priority Pass and 8 complimentary domestic lounge visits per year. The card also excels in providing comprehensive insurance benefits, such as 'Total Protect' against unauthorized transactions and counterfeit fraud, along with a substantial personal air accident cover of ₹25,00,000. The inclusion of 24/7 concierge services and auto-assist further enhances its appeal by offering convenience and support. While the card lacks specific dining benefits, its extensive perks across entertainment (complimentary movie tickets), travel, and golf make it a robust and rewarding option for a wide range of lifestyle needs.

Important Product Details

• Lifetime free credit card with no joining or renewal fees.
• Earn up to 6 Accelerated Reward Points on every ₹100 spent, with a tiered earning structure based on annual spending.
• Discounted foreign currency mark-up of 1.50% (+ GST) on international transactions.
• One complimentary golf game or lesson per quarter (4 per year).
• One complimentary movie ticket up to ₹500 on BookMyShow every 6 months (2 per year).
• Two complimentary international lounge accesses per year via Priority Pass.
• Eight complimentary domestic lounge accesses per year (2 per quarter).
• Comprehensive 'Total Protect' insurance covering unauthorized transactions and counterfeit fraud.
• Complimentary personal air accident insurance cover of up to ₹25,00,000.
• Access to 24/7 concierge services for travel, entertainment, and personal assistance.
• Auto Assist services for roadside emergencies including repair, fuel, flat tyre, keys, and battery.
• 1% fuel surcharge waiver for transactions between ₹400 and ₹4,000.
• Reward Points do not accrue on fuel, utility bill payments, insurance premium, government services, educational institutes, real estate, and rental payments.
• Maximum of 5,000 Reward Points allowed for cash redemption per calendar month, effective 1st September 2024.
• Reward Points expire after 24 months.
• Discontinuation of Reward Points redemption towards Club Vistara Airmiles effective 31st October 2024.
• Discontinuation of Reward Points redemption towards InterMiles effective from 21st January 2025.
• The card does not provide any specific dining benefits.

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 & Tiger Fintech Private Limited for this co-branded credit card.
• To avail Concierge and Auto Assist services, call 1860 267 7777.
• For the purpose of value calculations mentioned in the benefits, the USD to INR rate is considered at ₹82.