IndusInd Financial institution and Tiger Fintech (Bajaj Capital Group firm) not too long ago 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 payment and way more, it’s definitely a card that you simply may wish to discover if want to take pleasure in premium bank card advantages without charge, because it’s a brand new and noteworthy lifetime FREE bank card within the nation.
Right here’s all the things it’s essential know in regards to the IndusInd Financial institution’s Tiger Credit score Card intimately:
Overview
| Sort | Premium Credit score Card |
| Reward Fee | Upto ~5% |
| Annual Charge | Lifetime Free |
| Finest for | Accelerated Rewards |
| USP | Switch to Airmiles at 1:1.2 |
On a fast look, one may 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 likewise 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
| Becoming a member of Charge | Nil (Lifetime Free) |
| Renewal Charge | Nil (Lifetime Free) |
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
Appears just like the designer is impressed with Federal Financial institution bank cards, as they’ve comparable design however luckily it’s not a replica paste like with HDFC Infinia’s new design.
Nonetheless, it seems to be neat and easy and the dotted components definitely seems to be good.
It’s fascinating to see that even the title has been moved to the bottom of the cardboard on this IndusInd Tiger Card and I see this taking place with different bank card issuers as properly as of late.
Rewards
| SPEND SLAB | Rewards / 100 INR |
|---|---|
| <= 1L INR | 1 |
| 1L INR – 2.5L INR | 2 |
| 2.5L INR – 5L INR | 4 |
| >5L INR | 6 |
- 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
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 economic system/economic 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 possibilities of British Airways making it to the listing is kind of a chance as IndusInd Financial institution not too long ago tied up with BA/Qatar for Avios Credit score Card in India.
Airport Lounge Entry
| ACCESS TYPE | VIA | LIMIT | GUEST ACCESS |
|---|---|---|---|
| Home Lounge Entry | Visa | 2/Qtr | – |
| Worldwide Lounge Entry | Precedence Cross | 2/Yr | – |
Be aware that IndusInd Financial institution’s Lounge Entry program is relatively higher because it covers nearly all lounges in India, so 2/qtr is an efficient restrict.
And it’s a world surprise to see complimentary entry through Precedence Cross 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)
- Web achieve: ~3% (achieve, assuming spends are over 5L p.a.)
Whereas the reward fee may 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 much like the certainly one of Eazydiner Credit score Card besides that it’s not that profitable. But that’s 1000 INR worth yearly, which I feel is respectable for a lifetime free card.
Fingers-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 exhibits the bifurcation of the reward factors earned as per the slab. Right here’s a fast take a look at factors assertion, on complete spends of ~1.5L INR.
That is such an exquisite function to have, because it avoids all of the confusion on how the factors have been earned. Good work by IndusInd Financial institution in making it clear.
That apart, I’ve simply initiated a factors switch at the moment 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.
Easy methods to Apply?
IndusInd Financial institution Tiger Credit score Card may be utilized on-line (or) can as properly be utilized offline by way of department.
I might ideally counsel making use of on-line, as you may be conscious that offline purposes takes fairly a very long time with IndusInd financial institution, so long as 1 month normally.
Be aware that when 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 web utility system.
Backside line
General IndusInd Financial institution Tiger Credit score Card is an excellent card that may be very helpful for many who don’t favor to pay excessive annual charges to take pleasure in increased rewards and life-style advantages. It’s nearly as good as a premium bank card regardless that it’s issued as a Lifetime Free card for the time being.
So wanting on the manner issues are, the cardboard may-not stay the identical for a very long time, in order you could know by now,
Make hay whereas the solar shines!
Do you’ve IndusInd Tiger Credit score Card? Be at liberty to share your ideas & experiences within the feedback under.