IndusInd Legend Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank Legend Credit Card is an entry-level offering from IndusInd Bank, positioned as a basic yet feature-rich card. It is notable for being a lifetime free card with no joining or annual fees. Key differentiating benefits include a low foreign currency markup of 1.8%, a Buy One Get One Free (BOGO) offer on movie tickets, and bonus reward points for achieving annual spending milestones.

Welcome Benefits

• Welcome Gifts are available at select fee points only, not for the lifetime free variant.
• Montblanc: Choose from an exquisite collection of watches, stationery, jewellery, leather goods, and eyewear.
• Post Card Hotels: Access to a collection of intimate luxury hotels across India.
• Vouchagram: Discount vouchers from multiple brands like Amazon, Flipkart, Zee5, Apollo Pharmacy, Uber, Ola, and more. Brands are subject to change.
• Vouchagram Premium: Discount vouchers from multiple brands like Pantaloons, Bata, Raymond, Hush Puppies, and more. Brands are subject to change.

Fees

• Joining Fee: Nil
• Annual Fee: Nil
• Rewards Redemption Fee: ₹149 + GST for cash redemption.
• Foreign Currency Markup: 1.8% + GST on international transactions.
• Interest Rates: 3.95% per month (47.40% per annum). Interest charges apply if the total amount due is not paid by the due date.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on every fuel transaction at 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.

Rewards

• Reward Point Earning Structure:
  • Earn 1 reward point for every ₹100 spent on weekdays (Monday to Friday).
  • Earn 2 reward points for every ₹100 spent on weekends (Saturday and Sunday).
  • Transactions are classified as weekday/weekend based on the transaction date.
  • Effective 01st April 2018, fuel transactions do not accrue reward points.
  • Effective 1st January 2022, Medical, Automobiles & Telecom transactions accrue 1 reward point on every ₹100 spent on weekdays and weekends.
  • No reward points are given for utility bills, rental payments, education institution fees, government charges, and insurance payments.
• Milestone Benefit: 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.
• Movies:
  • Enjoy a Buy One Get One Free (BOGO) offer on movie tickets through BookMyShow.
  • Avail up to one free ticket in a month (effective from 1st June 2023).
  • The price of the free ticket is capped at ₹200. If the price is higher, a ₹200 discount is applied.
  • Get an additional ₹50 off on selecting the F&B option.
  • Offer is valid on all theatres registered with BookMyShow across major cities.
• Travel:
  • Lounge Access: Lounge access features, including Priority Pass membership, have been discontinued or are not available with this card. Effective 7th March 2025, lounge access will be discontinued.
  • Travel Insurance: Provided by The Oriental Insurance Company Ltd.
    • 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
    • Air accident insurance: Up to ₹25 lakhs
• Concierge Services: A complimentary service accessible globally for assistance with:
  • Pre-trip assistance: Information, recommendations, and assistance regarding travel destinations, weather, landmarks, transport.
  • Hotel reservation: Arrangements in hotels worldwide.
  • Flight booking: Necessary flight arrangements.
  • Sports and entertainment booking: Reservations for events.
  • Exclusive booking: Information and reservations for special events, workshops, or seminars.
  • Flowers and gifts: Arranging for special gifts or flower delivery anywhere in the world.
• Auto Assist: Round-the-clock assistance available in Mumbai, Delhi, Bangalore, Pune, Chennai, and Kolkata for vehicle emergencies:
  • Roadside repair service: Mechanic arranged for mechanical/electrical failure.
  • Emergency fuel supply: Up to five litres of fuel delivered.
  • Flat tyre service: Mechanic arranged to repair or replace the tyre.
  • Lost keys: Locksmith arranged to make a new key or open the car door.
  • Battery service: Service provider arranged to fix battery issues.
  • Emergency towing assistance: Towing service arranged to a garage.
  • Accident management and medical assistance: Coordination for emergency message transmission, medical assistance, and vehicle towing.
• Total Protect Insurance: A first-of-its-kind program covering an amount equal to the credit limit on the card, also available on add-on cards.
  • Unauthorized transactions: Insurance cover up to 48 hours prior to reporting loss/theft of card.
  • Counterfeit fraud: Protection against misuse of card details to produce counterfeit cards.
• Contactless Card: A super convenient chip-based contactless credit card for swift, convenient, and secure transactions.
  • Faster day-to-day payments at merchant locations accepting contactless payments.
  • Shopping at 10,00,000 merchant outlets in India and over 30 million outlets worldwide.
  • Booking movie tickets, flight tickets, utility bill payments, etc.
  • Safe online shopping and e-commerce transactions.
  • Cash withdrawal from all State Bank and other ATMs.
  • Daily transaction limit for contactless purchases is ₹5,000 (RBI regulated).
• Visa Offers:
  • Exclusive Stay Offers with Alaya Stays: Stay for 3 nights and pay for 2, or get 50% savings on the 2nd night at 4-star villas in over 200+ Indian destinations.
  • Complimentary Annual Times Prime Membership: Access to 20+ subscriptions and 40+ discount-led offers across entertainment (JioHotstar, YouTube Premium, Spotify), food & essentials (SwiggyOne Lite, HealthKart, Netmeds), news & learning (ET Prime, TOI), fitness (Cultfit, Mindhouse), and leading brands (Uber, Starbucks, Apollo hospitals, Myntra).
  • Travel Experiences with MakeMyTrip:
    • Avail 2 complimentary seats on domestic flights up to ₹350 (in addition to bank-led offers).
    • Flat 15% off on select domestic hotels as MyCash.

Rewards Redemption Guide

• IndusMoments: Redeem accrued reward points by purchasing various products, gift vouchers, and more on the IndusMoments portal.
• Pay with Rewards: Utilize reward points for various payment options.
• Airline 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.
  • Redeem reward points for Air India Maharaja Club points at a similar ratio.
  • Important Notice: Reward Points redemption towards Club Vistara Airmiles on www.indusmoments.com will be discontinued effective 31st October 2024.
  • Important Notice: Reward Points redemption towards InterMiles will be discontinued effective from 21st January 2025.
• Cash Credit: Pay the outstanding amount on your card by converting reward points into cash credit. 1 Reward Point = ₹0.50 cash value. A maximum of 5,000 reward points can be redeemed for cash credit per statement cycle.
• Reward points earned on the Legend Credit Card do not expire as long as the credit card account is active.

Card Eligibility Criteria

• Minimum age of 18 years.
• CIBIL score of 750 or higher.

Card Review

The IndusInd Bank Legend Credit Card is an entry-level, lifetime free card that offers decent privileges, making it a good choice for individuals new to credit cards. Its low foreign currency markup of 1.8% is a significant advantage for international transactions. The Buy One Get One Free movie ticket offer and the annual milestone bonus points are also valuable features. However, the reward rate is average, offering 1% on weekends and a lower 0.5% on weekdays. A notable drawback is the discontinuation of airport lounge access.

• Pros:
  • Lifetime free with no annual charges.
  • Low foreign currency markup of 1.8%.
  • Useful for bank-specific offers and promotions.
• Cons:
  • Only one Buy One Get One Free movie ticket offer per month.
  • No dining offers.
  • Airport lounge access has been removed.

Important Product Details

• Lifetime free credit card with Nil Joining and Annual Fees.
• Discounted foreign currency markup of 1.8% + GST.
• 1% fuel surcharge waiver on all fuel transactions.
• Earn 1 reward point per ₹100 spent on weekdays and 2 reward points per ₹100 spent on weekends.
• 3,000 bonus reward points on spending ₹5 lakhs or more annually.
• Buy 1 Get 1 Free movie tickets via BookMyShow (capped at ₹200, once a month).
• Comprehensive travel insurance coverage for lost baggage, delayed baggage, lost passport, lost ticket, missed connection, and air accidents.
• "Total Protect" insurance program covering unauthorized transactions and counterfeit fraud.
• Contactless payment feature for fast and secure daily purchases up to ₹5,000.
• Complimentary concierge services for travel, entertainment, and gifting assistance.
• 24/7 Auto Assist facility for roadside emergencies in major Indian cities.
• Exclusive Visa offers including Alaya Stays, Times Prime Membership, and MakeMyTrip travel benefits.

Other Details

• General terms and conditions apply to all benefits and redemptions.
• To maximize benefits, cardholders are encouraged to use the card frequently for all purchases, leverage the interest-free period for big-ticket purchases, and utilize the various perks offered.
• It is advisable to avoid using the credit card for cash withdrawals due to high associated charges.