IndusInd Bank Credit Cards Reward Points Redemption Update

IndusInd Bank has revised the criteria for redeeming reward points for many of its credit cards. These changes vary for each card. Beginning in September, many IndusInd Bank credit cards shall have a cap on reward point redemption for cash. This cap shall be applicable on a monthly basis and varies from one card to another. Let’s take a look at the updates for the redemption of reward points for various credit cards starting from September 1, 2024.

Bottom Line

With the cap on reward point redemption for cash, the above-mentioned IndusInd Bank Credit Cardholders will face difficulties in fully utilizing their rewards. They can still redeem their reward points for products and vouchers as they wish through IndusMoments, but this introduction of a cap on reward redemption for cash against statements can be considered a minor devaluation.