IndusInd Bank Tiger Credit Card operates differently when it comes to reward points. Unlike other credit cards that offer rewards depending on the spending category, this card gives you good value back through rewards on achieving spending milestones. The card comes with multiple spending milestones, allowing you to earn higher rewards as you achieve each spending milestone. With this card, the more you spend, the more rewards you will earn. You can maximize the benefit of reward points by spending Rs. 5 Lakh in a year. In addition to the different reward structure, this card offers good value back through the redemption value, especially when redeeming earned rewards against Airmiles, as 1 Reward Point is equivalent to 1.2 Airmiles.
IndusInd Bank
IndusInd Bank Tiger Credit Card
Travel
Reward Points
Travel
Low forex markup fee of 1.5%
Rewards
Up to 6X rewards on every spend
Movies
Free movie tickets every year
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About IndusInd Bank Tiger Credit Card
IndusInd Bank Tiger Credit Card is a lifetime free card offered in collaboration with Tiger Fintech (A Bajaj Capital Group company). The card is designed for consumers who want to save on their spends through reward points. With this card, you can earn up to 6X rewards (6 points per Rs. 100 spent) across all categories. However, the card works differently with the spend-based reward structure. On annual spends of up to Rs. 1 Lakh, the card offers a reward rate of 1.2%; however, on annual spends above Rs. 5 Lakh, this reward rate increases to 7.2%.
Besides the rewards program, the card also offers decent travel benefits, including a low forex markup fee of 1.5% (a benefit usually offered by premium credit cards) and complimentary international & domestic lounge visits. Also, other benefits like complimentary golf games/lessons, free movie tickets and unlimited fuel surcharge waiver add to the card’s overall value.
With no joining and annual fees, this card turns out to be a decent option for consumers who are inclined towards rewards but also want to avail decent travel & lifestyle benefits. However, before opting for this card, you should analyze whether you will be able to make the most of it by achieving the annual spending milestone of Rs. 5 Lakh for a higher reward rate.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit IndusInd Bank’s website.
Rewards Program
Reward Earning1,2
- Annual spends of up to Rs. 1 Lakh: 1 reward point per Rs. 100 spent
- Annual spends between Rs. 1 Lakh to Rs. 2.5 Lakh: 2 reward points per Rs. 100 spent
- Annual spends between Rs. 2.5 Lakh to Rs. 5 Lakh: 4 reward points per Rs. 100 spent
- Annual spends above Rs. 5 Lakh: 6 reward points per Rs. 100 spent
Reward Redemption
- 1 Reward Point = Rs. 0.40, if redeemed against cash or through catalogue
- Redeem rewards against KrisFlyer miles, 400 rewards = 120 Krisflyer Miles
- Redeem rewards against Airmiles at a value of 1 RP = 1.2 Airmiles
Travel & Other Benefits
Travel Benefits
- Low forex markup fee of 1.5%
- Complimentary Priority Pass with 2 international lounge visits per year
- 2 complimentary domestic lounge visits per quarter
Movie Benefit
- 1 complimentary movie ticket, up to Rs. 500 off on BookMyShow, every 6 months in a calendar year
Golf Benefit
- 1 complimentary golf game or lesson every quarter
Fuel Surcharge Waiver
- Uncapped 1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 4,000
IndusInd Bank Tiger Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Nil | ||||||||||||||||
| Annual Fee | Nil | ||||||||||||||||
| Finance Charges | 3.5% p.m. | 42% p.a. | ||||||||||||||||
| Late Payment Fee |
|
Annual Savings through Reward Points
Considering you have spent Rs. 6 Lakh in an anniversary year. You can save up to Rs. 8,000 via IndusInd Bank Tiger Credit Card reward points as per the below details:
| Annual Spends | Reward Multiplier | Rewards Earned |
|---|---|---|
| Rs. 1 Lakh | 1 | 1,000 |
| Rs. 1.5 Lakh | 2 | 3,000 |
| Rs. 2.5 Lakh | 4 | 10,000 |
| Rs. 1 Lakh | 6 | 6,000 |
| Total: Rs. 6 Lakh | 20,000 | |
From the above illustration, it is clear that you will earn 20,000 reward points on annual spends of Rs. 6 Lakh. Considering you will redeem the reward points against cash at a value of 1 Reward Point = Rs. 0.40, you can save Rs. 8,000 on your annual spends.
Annual Savings via IndusInd Tiger Credit Card
With this card, cardholders can save up to Rs. 38,612 in a year as per the below details:
| Category | Savings |
|---|---|
| 20,000 rewards on annual spends of Rs. 6 Lakh | Rs. 8,000 |
| 4 complimentary golf games or lessons per year at Rs. 4,000 each per year | Rs. 16,000 |
| Assured BookMyShow 2 tickets of Rs. 500 per year | Rs. 1,000 |
| Complimentary domestic lounge access per year at $14 per visit | Rs. 9,184* |
| 2 complimentary international lounge access per year at $27 per visit | Rs. 4,428* |
| Total Savings | Rs. 38,612 |
*USD INR rate is considered at Rs. 82.
Things to Know Before you apply
Get this card if
You are looking for a lifetime free credit card
You can easily spend Rs. 5 Lakh in a year
You frequently travel internationally
You prefer to redeem earned rewards against Airmiles
Consider other options if
You are ready to pay a higher annual fee
You want to earn higher rewards without any spend-based condition
Paisabazaar Review
What do we like about this card?
IndusInd Bank Tiger is a lifetime free credit card with decent travel benefits, including a low forex markup fee of 1.5% along with complimentary domestic & international lounge visits. Besides travel, cardholders can also avail lifestyle benefits like complimentary golf games/lessons, free movie tickets and uncapped fuel surcharge waiver. Additionally, the reward rate of 7.2% (if redeemed against Airmiles) is decent, considering this is a lifetime free credit card.
Pros
- No joining and annual fees
- Low forex markup fee of 1.5%
- Complimentary international & domestic lounge visits
- Free movie tickets every year
- Uncapped 1% fuel surcharge waiver
Cons
- Spend-based rewards program
- No reward points on utility bill & insurance payments
- Low reward redemption value against cashback
Conclusion
IndusInd Bank Tiger Credit Card is a reasonable choice for consumers looking for a rewards credit card with decent travel benefits. While this lifetime free card stands out due to its travel and lifestyle benefits, it lags behind when it comes to the rewards program. The card offers a maximum reward rate of 7.2% (if redeemed against Airmiles) but only on annual spends of Rs. 5 Lakh or above, which may not be a preferable spending milestone for some consumers. Overall, if you prefer to redeem rewards against Airmiles and are looking for a credit card with decent travel & lifestyle benefits, this can be an ideal option.
Frequently Asked Questions
Everything you need to know about this credit card
You can apply for this credit card through online and offline modes. To apply online, you can visit the official website of the bank and fill out the application form. Besides this, you can also apply offline by visiting any of the nearest branches of the bank and submitting a duly filled application form.
Yes, you can use your IndusInd Bank Tiger Credit Card for foreign currency transactions. This credit card is suitable for international transactions as it charges a low forex markup fee of 1.5%.
Yes, the bank allows you to redeem your earned reward points against a variety of categories, including cash credit, Airmiles and products from the rewards catalogue. You can redeem the reward points against cash credit at a value of 1 Reward Point = Rs. 0.40.
You can check the application status of your credit card through the official website of the bank. All you need to do is open the tracking page and enter the application number. Besides this, the bank also informs you about your current application status through text messages or email.
Yes, you can avail a fuel surcharge waiver of 1% on your transactions between Rs. 400 to Rs. 4,000. This is applicable across all petrol pumps in the country.
Yes, with IndusInd Tiger Credit Card, you can avail one complimentary golf game or lesson in a quarter, which sums up to 4 complimentary games or lessons in a year.
Yes, this credit card is a suitable option if you frequently travel. The card offers international travel benefits like complimentary international lounge access with Priority Pass membership and a low forex markup fee of 1.5%. These benefits make this credit card an ideal option for frequent travellers.
Footnotes
- Accelerated reward points will not be accrued on utility bill payments, insurance premium, government services, educational institutes, real estate and rental payments.
- No reward points will be offered on fuel spends.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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