IndusInd Financial institution and Tiger Fintech (Bajaj Capital Group firm) lately launched the IndusInd Financial institution Tiger Credit score Card, a Lifetime FREE co-branded bank card that runs on Visa (Signature) platform.

With accelerated rewards, low foreign exchange markup charge and far more, it’s actually a card that you simply would possibly need to discover if want to get pleasure from premium bank card advantages for gratis, because it’s a brand new and noteworthy lifetime FREE bank card within the nation.

Right here’s all the pieces that you must know concerning the IndusInd Financial institution’s Tiger Credit score Card intimately:

Overview

On a fast look, one would possibly assume that it’s a entry-level card due to it being Lifetime free however while you look nearer, it acts each as an entry-level card and in addition a premium journey bank card on excessive spends.

With advantages like accelerated rewards that provides the next reward fee with airmiles switch, entry to home & worldwide lounges amongst others, it’s a hidden gem for some.

*** The Hidden Gem of 2023 ***

Charges

It’s fairly a shock to see that IndusInd Financial institution and Tiger Fintech are beneficiant to supply a Lifetime Free Credit score Card with advantages that may match a premium bank card.

Design

Seems to be just like the designer is impressed with Federal Financial institution bank cards, as they’ve related design however fortuitously it’s not a replica paste like with HDFC Infinia’s new design.

Nonetheless, it appears neat and easy and the dotted parts actually appears good.

It’s attention-grabbing to see that even the title has been moved to the bottom of the cardboard on this IndusInd Tiger Card and I see this occurring with different bank card issuers as effectively as of late.

Rewards

• Exclusions: gas, utility invoice funds , insurance coverage premium , authorities providers, Instructional Institutes, Actual Property and rental funds
• 1 Reward Level = 1.2 (Airmiles)
• 1 Reward Level = ₹ 0.40 (Money credit score/Indus Moments)
• Redemption Charge: 100 INR+GST
• Max Cap on redemption: 25,000 Factors per thirty days

In the event you’re into Airmiles and have the behavior of redeeming Vistara CV factors for Vistara Enterprise Class (or) even tickets on premium financial system/financial system, then you definitely would rapidly fall in love with this card as you get great return on spend for Airmiles switch by transferring the factors to Vistara at 1:1.2

As of now solely Intermiles (neglect it) & Vistara (good) are a part of the airmiles switch program and probabilities of British Airways making it to the record is kind of a risk as IndusInd Financial institution lately tied up with BA/Qatar for Avios Credit score Card in India.

Airport Lounge Entry

Word that IndusInd Financial institution’s Lounge Entry program is relatively higher because it covers virtually all lounges in India, so 2/qtr is an effective restrict.

And it’s a world surprise to see complimentary entry by way of Precedence Move on a Lifetime Free bank card particularly when it’s issued by IndusInd Financial institution that usually provides low entry limits even on paid tremendous premium playing cards.

Foreign exchange Markup Charge

• Foreign exchange Markup Charge: 1.5%+GST = 1.77%
• Reward fee on Intl. Spends: Similar as home (differs with spend)
• Internet acquire: ~3% (acquire, assuming spends are over 5L p.a.)

Whereas the reward fee is likely to be too low when spends are low, it may be fairly enticing when spends are over 5L, as you get accelerated rewards past 5L spend.

Film Profit

• Complimentary film ticket upto 500 INR on bookmyshow (not Buy1 Get1)
• One ticket each 6 months in a calendar 12 months.

This film profit is just like the one in all Eazydiner Credit score Card besides that it’s not that profitable. But that’s 1000 INR worth yearly, which I believe is respectable for a lifetime free card.

Palms-on Expertise

Whereas I don’t have the Tiger Card, it was utilized for one of many member of the family and it took a bit to reach, because it was new again then.

However after little over 2 months of utilization on it, I can safely say that the factors are getting credited easily as per the slab.

In-fact the Tiger bank card assertion reveals the bifurcation of the reward factors earned as per the slab. Right here’s a fast take a look at factors assertion, on whole spends of ~1.5L INR.

That is such a beautiful characteristic to have, because it avoids all of the confusion on how the factors have been earned. Sensible work by IndusInd Financial institution in making it clear.

That apart, I’ve simply initiated a factors switch immediately to Vistara by way of IndusMoments portal which went by way of easily and the t&c asks to attend for 15 days for the fulfilment.

Learn how to Apply?

IndusInd Financial institution Tiger Credit score Card may be utilized on-line (or) can as effectively be utilized offline by way of department.

I’d ideally counsel making use of on-line, as you is likely to be conscious that offline purposes takes fairly a very long time with IndusInd financial institution, so long as 1 month usually.

Word that in the event you’re in a tier-3 metropolis, you should still have to go the department, as solely metro cities and the close by tier-2 cities are a part of the net software system.

Backside line

General IndusInd Financial institution Tiger Credit score Card is an excellent card that may be very helpful for individuals who don’t want to pay excessive annual charges to get pleasure from greater rewards and way of life advantages. It’s pretty much as good as a premium bank card regardless that it’s issued as a Lifetime Free card in the meanwhile.

So trying on the approach issues are, the cardboard may-not stay the identical for a very long time, in order you might know by now,

Make hay whereas the solar shines!

Do you will have IndusInd Tiger Credit score Card? Be happy to share your ideas & experiences within the feedback under.