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IndusInd Bank 
By
Pranjal Kimta
Updated On 6 August, 2024
IndusInd Bank is one of the leading private sector banks in India. This bank offers its cardholders premium, beneficial credit cards with many perks. The IndusInd Bank has also provided some lifetime-free credit cards with exclusive benefits. While traveling abroad, if you use your credit card, Forex charges are always applied to the transaction. Banks charge a percentage of the transaction amount, usually 3% to 3.5% on foreign transactions. People who travel to foreign countries frequently should opt for credit cards with low Forex markup fees.
The IndusInd Bank offers a nice range of credit cards with low Forex markup charges. They even offer cards with no Forex charges making them appealing for customers who travel abroad frequently. Cardholders can save money while making transactions abroad. While most credit card companies offer up to 3.5% Forex charges, the IndusInd Bank has credit cards with 1.8% Forex charges. Keep reading about the top credit cards with low Forex markup charges to know more.
Table of Contents
Low Forex Markup Charges of the IndusInd Bank Credit Cards
The following are the Forex markup fees charged by some of the top credit cards offered by IndusInd Bank –
(4.5/5)
Joining Fee
Nil
Renewal Fee
Nil
Best Suited For
Travel | Shopping
Reward Type
Reward Points
Welcome Benefits
N/A
Card Details +
The Legend credit card is one of IndusInd Bank’s most popular cards. It is lifetime-free with no joining or renewal fee and offers benefits for shopping, traveling, movies, etc. As a milestone benefit, this card provides 4000 reward points on spending Rs. 6 lakh or more within one year of card issuance. This card offers free visits to domestic airport lounges once every quarter and a complimentary Priority Pass membership to its users. Cardholders will get a monthly BOGO offer on movie tickets up to Rs. 200 through BookMyShow. Legend credit card users at every authorized fuel station in India will get a 1% fuel surcharge waiver. One of the biggest flexes of this card is the low foreign currency markup of 1.8% on international transactions.
(4.4/5)
Joining Fee
Rs. 30,000 + GST
Renewal Fee
Rs. 10,000 + GST
Best Suited For
Travel | Shopping
Reward Type
Reward Points
Welcome Benefits
Free Taj Epicure, EazyDiner Prime, and Moneycontrol Pro Membership. 5,000 Reward Points on Spending Rs. 1 Lakh Within 30 Days of Card Issuance
Card Details +
IndusInd Bank launched the Solitaire credit card with many offers. The joining fee is Rs. 30,000 + GST, and the renewal fee is Rs. 10,000 + GST. As a welcome benefit, this card offers a complimentary One-Year Taj Epicure Preferred Membership, EazyDiner Prime Membership, and Moneycontrol Pro Membership with 5,000 reward points on spending Rs. 1 lakh within 30 days of card issuance. Complimentary domestic and international airport lounge access and insurance benefits are provided with this card. Free golf lessons are also included in this card. The Solitaire credit card offers no Forex markup charges on international transactions, making it an attractive option for frequent travelers.
(4.5/5)
Joining Fee
Rs. 40,000 + GST
Renewal Fee
Rs. 10,000 + GST
Best Suited For
Movies | Travel
Reward Type
Reward Points
Welcome Benefits
Complimentary Club Vistara Gold Membership, complimentary business class ticket, and exclusive gift vouchers worth Rs 25,000.
Card Details +
The Club Vistara IndusInd Bank Explorer Credit Card is a co-branded credit card between IndusInd Bank and Club Vistara, in association with Visa. The joining fee for this card is Rs. 40,000 + GST, and the renewal fee is Rs. 10,000 + GST. This card offers a complimentary Club Vistara Gold Membership, one free business class ticket, and exclusive gift vouchers worth Rs. 25,000. This card offers no foreign currency markup charges, making it a great option for international travelers. Complimentary domestic and international airport lounge visits are provided with this card as well as concierge services. BOGO movie tickets via BookMyShow, insurance benefits, and up to Rs. 3000 off on dining twice a year are some benefits this card offers.
(4.2/5)
Joining Fee
Rs. 90,000 + GST
Renewal Fee
Rs. 25,000 + GST
Best Suited For
Movies | Travel
Reward Type
Reward Points
Welcome Benefits
Oberoi e-gift voucher and a Luxe Gift card.
Card Details +
The IndusInd Bank Pioneer Heritage Credit Card offers a range of benefits, including unlimited domestic and international lounge access with a Pioneer Heritage Metal Credit Card and eight complimentary domestic lounge access every year with a Pioneer Heritage Credit Card. The joining fee for this card is Rs. 90,000 + GST, and the renewal fee is Rs. 25,000 + GST, which will be waived if you spend Rs. 10 Lakhs or more using this credit card. You can get up to 3 complimentary tickets every month on BookMyShow with a maximum price cap of Rs. 700 per ticket. This card also provides air accident protection cover worth up to Rs. 2.5 crore, zero liability protection, and a low foreign currency markup fee of 1.8%.
(3.9/5)
Joining Fee
Rs. 45,000 + GST
Renewal Fee
Nil
Best Suited For
Movies | Travel
Reward Type
Reward Points
Welcome Benefits
Oberoi hotel e-gift voucher and a Luxe Gift card worth Rs 5,000
Card Details +
The IndusInd Bank Pioneer Legacy Credit Card is best suited for people who like shopping and traveling. This card has a joining fee of Rs. 45,000 but with no renewal fee cost. Cardholders earn double the points on weekend spends and a single point on weekdays for every Rs. 100 spent. These points can be used for cashback, Airmiles, or gifts from the Indus Moments portal. This card also provides welcome benefits like the e-gift voucher for the Oberoi hotel and a Luxe gift card worth Rs. 5,000. Cardholders enjoy complimentary access to airport lounges, both domestic and international, and free golf games and lessons in India. BOGO offers movie tickets and insurance coverage for accidents and lost baggage, which are some of the benefits provided with this card. This card has a low foreign exchange markup fee of 1.8%, making it an excellent option for frequent travelers.
What is a Forex Markup? When is it Charged?
Forex markup refers to the additional fee banks or financial institutions charge over the existing exchange rate when transacting in a foreign currency. This charge is applied to cover the cost of converting the currency from one to another and is usually expressed as a percentage of the transaction amount. Forex markup fees can significantly impact the overall cost of foreign transactions, making it an important factor to consider when using credit cards or conducting financial operations abroad. Typically, this fee is charged when processing the transaction, which means it will be reflected in the amount debited from your account for any purchase or withdrawal made in a currency other than your home currency.
How to apply for IndusInd Bank credit cards?
To apply for a credit card with low Forex markup charges, follow the steps below for a hassle-free experience.
- After going through all the cards and selecting the one most beneficial for you, click on that card.
- Then click on Apply Now, and you will be redirected to the official website of the IndusInd Bank.
- Fill in all your details and click on submit.
- Your request for that particular card has been submitted and will be processed within days.
Comparison of the Top Credit Cards Offering Low Forex Markup Charges
| Category | Legend Credit Card | Club Vistara Explorer Credit Card | Pioneer Heritage Credit Card |
| Joining Fee | Nil | Rs. 90,000 + GST | Rs. 40,000 + GST |
| Renewal Fee | Nil | Rs. 25,000 + GST | Rs. 10,000 + GST |
| Reward Rate |
|
|
|
| Reward Redemption |
|
CV points are redeemable against travel-related bookings on the Club Vistara website | 1 RP = Rs. 1 (Indus Moments, AirMiles, Statement Cash) |
| Welcome Benefits | N/A |
|
|
| Movie/ Dining Benefits | BOGO on movie tickets worth up to Rs. 200 |
|
|
| Travel Benefits |
|
|
|
| Forex Markup Fee | 1.8% | No Fee | 1.8% |
Bottom Line
IndusInd Bank is a popular credit card issuer in India, offering a wide range of credit cards suitable for all individuals. In terms of Forex markup charges, the IndusInd Legend and IndusInd Bank Pioneer Heritage credit cards charge 1.8%, while the Club Vistara IndusInd Bank Explorer credit card does not charge any Forex markup fee. However, most IndusInd Bank credit cards charge a 3.5% fee for foreign transactions. If you frequently spend money in foreign currencies, we recommend getting a credit card with low Forex markup fees. This can help you save money in the long run.
FAQs:
No, forex markup charges vary across different IndusInd Bank credit cards. Some cards offer lower charges as a benefit to the cardholder.
Yes, the Solitaire and Club Vistara Explorer credit cards from IndusInd Bank offer no forex markup charges on international transactions.
It depends on the card. For example, the IndusInd Legend Credit Card has no joining or renewal fees, while other cards, like the Pioneer Heritage and Club Vistara Explorer, have specific joining and renewal fees.
Yes, GST is applied on Forex markup charges as per the current tax regulations in India.