The IndusInd Legend Credit Card is a popular credit card in India that comes with a good reward structure, complimentary lounge access, and BOGO offers on movie tickets. However, in recent times, even this card has not been immune to the wave of devaluations that many credit cards are currently facing.

Many features of the IndusInd Legend Lifetime Free Credit Card have now either been removed or devalued, and the latest one shall be implemented from 1st March 2024. The value of cash redemption has been lowered from Rs. 0.75 to Rs. 0.50.

Previous Value From 1st March
1 Reward Point = INR 0.75 1 Reward Point = INR 0.50

Not only this, the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.75. Previously, the number of free domestic lounge visits was also reduced from 2 each quarter to 1 each quarter.

Pro Tip: Redeem any Reward Points you have before the new valuation comes into play (Before 1st March). 

Indusind Bank Legend Credit Card DEVALUATION

Bottom Line

The credit card market and user base in India are growing at a rapid pace. While this has resulted in some innovative offerings by credit card issuers, it has also led to certain devaluations. For instance, many banks have recently decreased the number of lounge access or added pre-conditions to avail it (minimum spend), including IndusInd Bank. Moreover, now, the IndusInd Bank Legend Credit Card has also come under the umbrella of devaluations, with the number of lounge access affected and the value of reward points reduced.

Despite these changes, the card still offers some decent benefits like a low forex charge, BOGO on movie bookings, and is a Lifetime Free Credit Card. If you have this card or are considering applying for it, please share your thoughts in the comments below.

Apply Now

Write A Comment