IndusInd Bank serves as a host to the exclusive credit cards in the market. Starting from super-premium to premium and to basic and entry-level credit cards, IndusInd Bank offers a wide variety of credit cards, each offering differential rewards, and benefits to the credit cardholders. A person uses a credit card to earn reward points while he continues to use his credit card. But these reward points will be of absolute waste if these rewards points are not redeemed well in time. There exist various ways of redemption of rewards points and it becomes difficult for credit cardholders to choose the correct and appropriate method of redemption of reward points. Generally, the cardholders are just concerned about earning reward points and keep on saving them unaware of the fact that these points come with a certain expiry date and will get expired if not redeemed well in time.

how to redeem indusind bank credit card reward points

This bank offers generic, cashback, and co-branded credit cards, and the reward structure of each credit card is very different from each other. Hence, in order to make the most out of the credit card, cardholders should know about all the available options for redemption. But with so many different types of rewards, it sometimes becomes difficult for the cardholders to understand the appropriate method and time for the redemption of credit card rewards. In addition to this, the monetary value of the reward points varies from card to card. Therefore, it is important for a cardholder to know about the various methods of reward redemption and their monetary values. By the end of this article, we will make sure that all of you are well aware of the redemption methods and their procedures so that you are able to redeem your reward points in a smooth way.

How to Redeem Reward Points?

IndusInd Bank has come up with a specially designed portal that they have dedicated to the redemption of reward points, known as Indus Moments. The cardholders will have to log in to this portal by using their user id and password. On this portal, the cardholders can very easily redeem their reward points against a wide variety of products and vouchers including shopping, travel, gift vouchers, cash back, and much more. IndusInd Bank has launched various generic as well as co-branded credit cards, with each card having a different reward structure as mentioned earlier, the monetary value of reward points will differ from card to card and this is an important thing that the customers should be aware of.

IndusInd Bank Credit Cards Reward Redemption

The IndusInd Bank credit cardholders can earn reward points while they continue to make their daily transactions using the credit card. The earned points can be redeemed for a wide variety of products and vouchers present on the Indus Moments portal. The reward points earned with the co-branded credit card can be redeemed to purchase the products and services of the specific brand only. Following are the options against which the reward points earned with IndusInd Bank can be redeemed –

  • The points that cardholders have earned using IndusInd Bank Credit Card can be redeemed against flights, hotel bookings, recharges, and various products on the dedicated website i.e., https://www.indusmoments.com.
  • Another method of redemption is Pay with Rewards is a new-age payment method where all your reward points from different brands and banks aggregate at one place for you to use your points at the site of Partner Merchants to make payment for your orders. The reward points can be converted into currency at merchant outlets when you shop with your IndusInd Bank Credit Card.
  • The reward points earned with the IndusInd Bank co-branded credit cards can be redeemed against purchases made from the specific brand.

Against Products and Vouchers

IndusInd Bank offers various general and co-branded credit cards. With rewards points earned with general credit cards, the points can be redeemed against various categories of products and vouchers available on the website. You can follow the below-mentioned steps to redeem the reward points earned with the general IndusInd Bank Credit Cards –

  • The cardholders will have to log in to www.indusmoments.com.
  • On this dedicated portal, select the category against which you would like to redeem the reward points that you have earned. For example – gift vouchers, products, recharge, booking flights and hotels, etc.
  • Add the selected items to your cart.
  • Proceed to check out once you have successfully added all the items that you would like to purchase.
  • You will now be required to enter all details including the details of your credit card and press the redeem button.
  • The cardholders will hence receive an e-mail and a text message on their registered email id and mobile number with the confirmation of redemption.

Using Pay with Rewards Method

  • Pay with Rewards is a new-age payment method where all your reward points from different brands and banks aggregate at one place for you to use your points at site of Partner Merchants to make payment for your orders.
  • While making payment at the merchant’s portal once you have selected the product, select ‘Pay with Rewards’. You will be redirected to Select Points Page, where your linked rewards will automatically show up.
  • You may select any one of the rewards from the list, click on “Proceed to Pay” and complete the transaction.
  • Please make sure, the mobile number registered with Bank and merchant should be the same to redeem Reward Points through the “Pay with Rewards” option.
  • Maximum redemption of Reward Points can be done for up to 50% of the bill payment amount or 50% of your Reward Points balance, whichever is lower.
  • Amount to be paid other than through Reward Points can be paid only by using IndusInd Bank Credit or Debit card.

Against Airmiles/ Intermiles

The reward points that the cardholders earn with IndusInd Bank Credit Card can also be redeemed against Airmiles of the partnered Airlines. Following are the ways in which you can redeem the earned reward points against Airmiles:

  • Through Indus Moments – Log in to Indus Moments Portal. On the left navigation tab, click on the redemptions option and Airmiles/ Intermiles. Proceed further accordingly.
  • By contacting customer care – You can also call IndusInd Bank’s 24×7 customer care number by calling on the number mentioned on the backside of the credit card and seek help from them in redeeming your reward points.

Monetary Value of Reward Points against Products/Vouchers, Cashback, and Airmiles

Name of the Credit Card Against Products/ Vouchers Against Cashback Against Airmiles/Intermiles
IndunInd Bank Pioneer Heritage Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/Intermile
IndusInd Bank Celesta Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/Intermile
IndusInd Bank Crest Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/Intermile
IndusInd Bank Indulge Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/Intermile
IndusInd Bank Pinnacle World Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/Intermile
IndusInd Bank Legend Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/ Intermile
IndusInd Bank Pioneer Legacy Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/ Intermile
IndusInd Bank Signature Visa Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/ Intermile
IndusInd Bank Iconia Amex Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/ Intermile
IndusInd Bank Iconia Visa Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/ Intermile
IndusInd Bank Duo Plus Credit Card 1 RP = Re. 0.75 1 RP = Re. 1 NA
IndusInd Bank Platinum Aura Credit Card 1 RP = Rs. 0.5 1 RP = Rs. 0.5 1 RP = 0.5 Airmile/ Intermile
IndusInd Bank Platinum Select Credit Card 1 RP = Re. 0.75 1 RP = Re. 0.75 1 RP = 0.5 Airmile/ Intermile
IndusInd Bank Platinum Credit Card 1 RP = Rs. 0.85 1 RP = Rs. 0.85 1 RP = 1 Airmile/ Intermile
IndusInd Bank Nexxt Credit Card 1 RP = Re. 1 1 RP = Re. 1 1 RP = 1 Airmile/ Intermile

Key Things You Must Know

  • The Reward Points that you earn with the IndusInd Bank Credit Cards are valid for a period of 2 years from the date of accrual. You must make sure to redeem them within the stipulated time period if you wish to gain benefit from them.
  • The cardholders should also know that they will have to pay a reward redemption fee of Rs. 99 + Taxes per redemption request.

Bottom Line

IndusInd Bank offers a wide range of credit cards in the market. Starting from a very basic to a super-premium credit card, IndusInd Bank has it all. These credit cards give tough competition to the other credit cards by different banks present in the market. These are quite competitive credit cards and hence have a great rewarding structure as well. But just earning and saving reward points should not be the only motive, the cardholders should know how, when, and where to redeem the reward points as well. Therefore, to make the redemption process easier for the cardholders, IndusInd Bank has come up with a dedicated reward redemption portal known as the Indus Moments.

On this portal, the cardholders can redeem their reward points against various categories. Additionally, the cardholders should also be aware of the monetary values of these credit cards so that they can redeem reward points against options of their choice and gain the maximum benefit from the reward points. Also, the cardholders should know that the reward points come with an expiry date. Therefore, there is no point in just accumulating the reward points. Instead, you should redeem them before they expire so that they prove beneficial to you!

If you have any kind of confusion related to this process, please feel free to ask us in the comment section below!

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