IndusInd Legend Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Legend Credit Card offers a curated experience with a blend of luxury and practical benefits. Designed to suit diverse needs, it provides an array of features, from a competitive reward structure on everyday spends to travel and lifestyle privileges. It stands out with a low foreign currency markup and various insurance covers, catering to both domestic and international usage. While positioned as an entry-level card, it aims to deliver a legendary lifestyle with its handpicked offerings. For many, it can be obtained as a lifetime free card, making it an attractive option for those new to credit cards.

Welcome Benefits

Welcome gifts are available exclusively on select fee plans. Please note, welcome benefits are not applicable for lifetime free variants. The welcome benefits include choices from various premium brands and experiences:

• Montblanc: Access to an exquisite collection of watches, stationery, jewellery, leather goods, and eyewear.
• Post Card Hotels: A collection of intimate luxury hotels in holiday destinations across India, offering a blend of luxury and simplicity. For reservations, contact Phone: +91 7999555222 or Email: sales@postcardresorts.com.
• Vouchagram: Discount vouchers from multiple brands like Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, and Ola. The list of brands is subject to change.
• Vouchagram Premium: A wider choice of discount vouchers from multiple brands, subject to change at the discretion of the Bank & Vouchagram.

Fees

• Joining Fee: Nil (for lifetime free variants, contact sales representative for applicable charges on other variants).
• Renewal Fee: Nil (for lifetime free variants, contact sales representative for applicable charges on other variants).
• Spend-Based Waiver: Not applicable as the card is available with Nil Joining/Annual Fee for some variants.
• Rewards Redemption Fee: ₹149 + GST for Cash Redemption.
• Foreign Currency Markup: 1.8% + GST on international transactions. This is a discounted rate compared to the industry average.
• Interest Rates: 3.95% per month (47.40% per annum) if the total amount due is not paid by the due date.
• Fuel Surcharge: 1% Fuel Surcharge Waiver across all authorized fuel stations in India.
• Cash Advance Charges: 2.5% of the transaction amount, with a minimum charge of ₹300.
• Late Payment Charges: Levied if the minimum amount due is not paid by the due date. Specific rates are available on the bank's schedule of charges.

Rewards

• Reward Point Earning Structure:

  • 1 Reward Point for every ₹100 spent on weekdays (Monday to Friday).
  • 2 Reward Points for every ₹100 spent on weekends (Saturday and Sunday).
  • Special Categories: Medical, Automobile, and Telecom transactions will accrue 1 Reward Point on every ₹100 spent on both weekdays and weekends (effective 1st January 2022).
  • Exclusions: Fuel transactions do not accrue reward points (effective 1st April 2018). No reward points are given for utility bills, rental payments, education institution fees, government charges, and insurance payments.
  • Revision: The Rewards program was revised for select merchant categories from 1st August 2019.
  • Annual Value of Reward Points: Estimated at ₹5,400 per year on an average monthly spend of ₹30,000 (equating to approximately 450 points per month).

• Bonus Earnings/Milestone Benefits:

  • Earn 4,000 bonus reward points on spending ₹6,00,000 or above within one year from the card issuance date (older offer).
  • Revision (effective 15th December 2024): Earn 3,000 bonus reward points on spends of ₹5,00,000 or above within one year from the date of credit card issue. Both primary and add-on card spends are eligible. Bonus points are credited within 45 days of completing one year.

• Movie Benefits (BookMyShow):

  • Buy one movie ticket and get the second one free.
  • Avail up to three free tickets in a month (one free ticket in a month with effect from 1st June 2023).
  • Get an additional ₹50 off on selecting the F&B option.
  • Offer valid on all theatres registered with BookMyShow across major cities.
  • The price of the free ticket is capped at ₹200. If the price is higher, a ₹200 discount will be applied, and the remaining amount must be paid using the IndusInd Bank Legend Credit Card.
  • Estimated annual savings on complimentary movie tickets: ₹2,400.

• Fuel Surcharge Waiver:

  • Enjoy a 1% waiver on fuel surcharge at any fuel station in India.
  • Estimated annual savings on fuel surcharge: ₹2,400.

• Travel Benefits:

  • Priority Pass Programme: Previously offered complimentary Priority Pass access to over 600 lounges worldwide for the cardholder and their partner. Estimated annual value of Priority Pass membership for cardholder and partner: ₹8,613.
  • Important Update: The Lounge Access feature will be discontinued effective 7th March 2025. According to recent information, lounge access (both domestic and international) has already been removed from the card.
  • Travel Insurance: Provided in tie-up with The Oriental Insurance Company Ltd. as a group manager, covering:
    • Lost baggage: Up to ₹1,00,000
    • Delayed baggage: Up to ₹25,000
    • Loss of passport: Up to ₹50,000
    • Lost ticket: Up to ₹25,000
    • Missed connection: Up to ₹25,000
  • Foreign Currency Mark-up: Enjoy a discounted foreign currency mark-up fee of 1.8% on international transactions.

• Concierge Services: A complimentary service with a team of professionals accessible worldwide for assistance with:

  • Pre-trip assistance: Information, recommendations, and assistance before a trip, including details about travel destinations, weather, landmarks, and transport.
  • Hotel reservation: Handling reservations and arrangements in hotels globally.
  • Flight booking: Making necessary flight arrangements.
  • Sports and entertainment booking: Booking tickets for sports or recreational events.
  • Exclusive booking: Information and reservations for special events, workshops, or seminars.
  • Flowers and gifts: Arranging for special gifts or sending flowers anywhere in the world. To avail these services, contact the concierge desk at 1860 267 7777.

• Auto Assist Facility: Provides round-the-clock assistance throughout the year for vehicle emergencies:

  • Roadside repair service: Arranging a mechanic for mechanical/electrical vehicle breakdowns.
  • Emergency fuel supply: Delivery of up to five litres of fuel to your location.
  • Flat tyre service: Arranging a mechanic to repair or replace a flat tyre.
  • Lost keys: Arranging a locksmith to make a new car key or open the car door.
  • Battery service: Arranging a service provider to fix battery issues.
  • Emergency towing assistance: Arranging towing service to a garage for repairs.
  • Accident management and medical assistance: Coordinating emergency message transmission, arranging emergency medical assistance, and vehicle towing in case of an accident or emergency.
  • Availability: Auto Assist services are available in Mumbai, Delhi, Bangalore, Pune, Chennai, and Kolkata. For details, call the concierge desk at 1860 267 7777.

• Assurance/Insurance Coverage:

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

• Contactless Card:

  • A chip-based, NFC-enabled card for swift, convenient, and secure transactions by tapping the card at compatible PoS machines.
  • Can be used for faster day-to-day payments at merchant locations accepting contactless payments, shopping at 1,00,000 merchant outlets in India and over 30 million worldwide, booking movie/flight tickets, utility bill payments, and safe online/e-commerce transactions.
  • The daily transaction limit for contactless purchases is ₹5,000 (subject to RBI changes).
  • Transactions are confirmed by four green indicator lights and a display message on the PoS machine.
  • You cannot unknowingly make a purchase; the card must be tapped within 4 cm of the reader for over half a second, and the retailer must enter the amount first.
  • SMS and email notifications are sent after each transaction.
  • If a contactless transaction is declined, the card can still be used for swipe or dip transactions.

• Visa Network Offers:

  • Hotel Reservations with Alaya Stays: Exclusive offers on 4-star villas at over 200 Indian destinations, including "Stay for 3, Pay for 2" and "50% savings on the 2nd night."
  • Complimentary Annual Times Prime Membership: Access to 20+ subscription and 40+ discount 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).
    • Flat 15% off on select domestic hotels as MyCash.

Rewards Redemption Guide

• Reward points earned on the IndusInd Legend Credit Card do not expire as long as the credit card account is live.
• Redemption Options:
  • Cash Credit: Convert Reward Points into Cash Credit to pay the outstanding amount on your card.
    • Redemption Rate: 1 Reward Point = ₹0.50 Cash Value.
    • Maximum redemption: A maximum of 5,000 reward points can be redeemed for Cash Credit per statement cycle.
  • IndusMoments: Redeem accrued reward points at the IndusMoments portal for various products, gift vouchers, and other options.
  • Pay with Rewards: Utilize the "Pay with Rewards" option for redemption.
  • Airline Miles:
    • Krisflyer Miles: Convert Reward Points to Krisflyer Miles at a rate of 400 Reward Points = 100 Krisflyer Miles. A minimum of 500 reward points is required for conversion.
    • Maharaja Points for Maharaja Club: Redeem Reward Points for Air India Maharaja Club at a similar ratio (400 Reward Points = 100 Maharaja Points).
  • 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 for your IndusInd Bank Credit Card will be discontinued effective from 21st January 2025.
• Generic terms and conditions and steps to redeem reward points against any of the options are available on the bank's website.

Card Review

The IndusInd Legend Credit Card is an entry-level card that typically comes with zero joining and annual charges (often offered as lifetime free). It's a suitable choice for individuals new to credit cards, providing a decent set of privileges. The card's standout features include a competitive foreign currency markup of 1.8% + GST, which is lower than the industry average, making it beneficial for international transactions. The "Buy One Get One Free" movie ticket offer via BookMyShow and the annual milestone benefits further add to its value proposition.

Pros:

• Often available as a lifetime free credit card, with no annual charges.
• Offers a low foreign currency markup fee of 1.8% + GST, leading to savings on international transactions.
• Provides decent insurance benefits, including comprehensive travel insurance and air accident cover.
• Includes valuable concierge and auto-assist services.
• Good for leveraging bank-specific offers and promotions.
• Reward points do not expire as long as the card account is active.

Cons:

• The movie offer is limited to one free ticket per month (effective June 1, 2023).
• The airport lounge access feature (including Priority Pass) has been discontinued (effective 7th March 2025, or already removed as per recent updates/user comments), which is a significant drawback for travelers.
• There are no specific dining offers mentioned for this credit card.
• The reward rate is considered average, with 1% on weekends (2 RP/₹100) and only 0.50% on weekdays (1 RP/₹100), which might be lower compared to other cards for high spenders.
• Several transaction categories (fuel, utility bills, rental payments, education fees, government charges, insurance payments) do not accrue reward points.

Overall Verdict: The IndusInd Legend Credit Card is well-suited for individuals seeking a lifetime free credit card with fundamental benefits, particularly those making frequent international transactions due to its low forex markup. It's also a good fit for movie enthusiasts, despite the reduced frequency of the BOGO offer. However, the discontinuation of lounge access and the average reward rate on everyday spends might make it less appealing for heavy spenders or frequent flyers looking for premium travel perks. It serves as a solid entry-level card or a supplementary card for specific banking offers.

Important Product Details

• Card Name: IndusInd Legend Credit Card
• Card Type: Chip-based, Contactless, International Credit Card (Visa Network)
• Fees: Nil Joining Fee, Nil Renewal Fee (for Lifetime Free variants).
• Reward Points:
  • Weekday Spends: 1 Reward Point for every ₹100 spent.
  • Weekend Spends: 2 Reward Points for every ₹100 spent.
  • Medical, Automobile, Telecom: 1 Reward Point for every ₹100 spent (weekdays & weekends, effective Jan 1, 2022).
  • No Reward Points on fuel, utility bills, rental, education, government, and insurance transactions (fuel excluded since April 1, 2018).
• Milestone Benefit: 3,000 bonus Reward Points on spending ₹5,00,000 or more within one year from card issuance (effective Dec 15, 2024; previously 4,000 RP on ₹6,00,000).
• Foreign Currency Markup: Discounted rate of 1.8% + GST.
• Fuel Surcharge Waiver: 1% waiver at all authorized fuel stations.
• Movie Benefits (BookMyShow): Buy One Get One Free on movie tickets (capped at ₹200), one free ticket per month (effective June 1, 2023), plus ₹50 off on F&B.
• Lounge Access: Discontinued effective March 7, 2025 (Priority Pass, domestic, international).
• Travel Insurance:
  • Lost Baggage: ₹1,00,000
  • Delayed Baggage: ₹25,000
  • Loss of Passport: ₹50,000
  • Lost Ticket: ₹25,000
  • Missed Connection: ₹25,000
• Other Insurance:
  • Total Protect: Covers unauthorized transactions (up to 48 hours pre-reporting) and counterfeit fraud up to the credit limit.
  • Air Accident Cover: Up to ₹25,00,000.
• Concierge Services: Complimentary assistance for pre-trip, hotel/flight booking, entertainment, gifts, and more. Contact: 1860 267 7777.
• Auto Assist Services: 24/7 roadside assistance (repair, fuel, flat tyre, lost keys, battery, towing, accident management) in major Indian cities. Contact: 1860 267 7777.
• Contactless Payments: Daily transaction limit of ₹5,000 for contactless purchases (as per RBI guidelines).
• Reward Point Expiry: Reward points are live as long as the credit card account is active.
• Reward Redemption Discontinuations: Club Vistara Airmiles (effective Oct 31, 2024), InterMiles (effective Jan 21, 2025).

Other Details

• Best Suited For: Shopping.
• Reward Type: Reward Points.
• Card Rating: 4.3/5.
• General Eligibility (User reported): Age 18+, CIBIL score 750+.
• Cash Withdrawal: Available at ATMs, but highly discouraged due to high charges (2.5% of transaction amount, minimum ₹300).
• Digital Wallets/Mobile Payment Platforms: Generally, only RuPay Credit Cards can be linked to UPI; this Visa card's specific compatibility with other digital wallets is not detailed, but it supports secure online and e-commerce transactions.