IndusInd Bank has discontinued its partnership with InterMiles, meaning that reward points earned with IndusInd Bank Credit Cards can no longer be transferred to InterMiles. This change comes shortly after IndusInd Bank added KrisFlyer as a new transfer partner.
Alternative Redemption Options
IndusInd Bank continues to offer a variety of redemption options for its reward points earned with cards, including:
- Transfers to KrisFlyer: For customers who frequently travel internationally, this could be a valuable alternative.
- Shopping and Merchandise: Points can be used to shop online or redeem merchandise from the bank’s rewards catalog Indus Moments.
- Cashback: Reward points can also be used for cash against statements.
Bottom Line
IndusInd Bank has recently decided to discontinue the ability to redeem reward points for InterMiles. This change coincides with the bank’s expansion of its loyalty program, which now includes KrisFlyer as a transfer partner. This strategic shift seems to target international travelers and aims to align with premium loyalty programs like KrisFlyer, which is the frequent flyer program of Singapore Airlines.
Previously, customers could transfer their reward points to InterMiles at a specific conversion rate, making it a popular option for those who wanted flight rewards. However, with this partnership ending, customers will need to look for alternative redemption options offered by the bank.