IndusInd Rewards Devaluation - Legend CC

[SSV]

From 1st March 2024,
the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.75


From 1st March 2024,
the value of cash redemption will be
1 RP = Rs.0.50

 

[techt]

can be used to make drag lines or bacho ko de do to use as a scale

 

[Sunil R]

wow.. that's a lot of spending for a card like LEGEND.... except it's name nothing seems legendary...

purchased around 10L worth of gold on weekends... 1.5% cashback so

 

[Strange]

purchased around 10L worth of gold on weekends... 1.5% cashback so

Merchant didn't ask you to pay the MDR?

 

[techt]

purchased around 10L worth of gold on weekends... 1.5% cashback so

when was this ? they have devalued it long back right ?

 

[techt]

Merchant didn't ask you to pay the MDR?

branded ones like GRT, lalitha etc don't do.

 

[dungeonMaster]

purchased around 10L worth of gold on weekends... 1.5% cashback so

Why not use atlas or more lucrative cards for same?

 

[Riya]

when was this ? they have devalued it long back right ?

must have bought it on weekend. 2x rewards.... equivalent to 1.5%

 

[Sunil R]

Merchant didn't ask you to pay the MDR?

small jewelry shops do ask abt 2% .... but the one i purchased was one of the biggest in Hyderabad so they didn't

 

[Sunil R]

when was this ? they have devalued it long back right ?

i purchased in September & december ... nope .. got 2 points on weekends

 

[techt]

must have bought it on weekend. 2x rewards.... equivalent to 1.5%

nope .. got 2 points on weekends

I recollect now..
Earlier 1 point is 1rs so on weekends it was 2%
Now it is 0.75 rs and you get 1.5% CB. Yes indeed devalued.

 

[Sunil R]

Why not use atlas or more lucrative cards for same?

i dont have altlas .. used magnus for 15L , 4l amex platinum .. completed milestones for other cards etc so used legend

 

[Sunil R]

I recollect now..
Earlier 1 point is 1rs so on weekends it was 2%
Now it is 0.75 rs and you get 1.5% CB. Yes indeed devalued.

1 point 1 rupees when was it ? when did it devalue

 

[Riya]

1 point 1 rupees when was it ? when did it devalue

you must have also got that bonus 4000 points for 6L+ spendings...

 

[Sunil R]

you must have also got that bonus 4000 points for 6L+ spendings...

not yet .. due in feb 2024

 

[Riya]

not yet .. due in feb 2024

hope so it'll be credited before this latest devaluation takes place... otherwise it's a total futile card... I am repenting my decision of choosing this card and paying for it as well...

 

[SSV]

and paying for it as well...

WHAT !! you got , a paid Legend ??

It seems you are really a Legend

 

[Riya]

WHAT !! you got paid Legend ??

It seems you are really a Legend

yeah!! that one time joining fee for which you get vouchers....

 

[Sunil R]

hope so it'll be credited before this latest devaluation takes place... otherwise it's a total futile card... I am repenting my decision of choosing this card and paying for it as well...

hopefully . no one should pay for this shit card

 

[techt]

1 point 1 rupees when was it ? when did it devalue

I had Iconia Amex

Iconia American Express Rewards Program - IndusInd Bank

The Iconia American Express Rewards Program from IndusInd Bank gives you exciting rewards on every transaction. Know more about the points and redemption options.

www.indusind.com

till 2022 it was like that (2% on weekend).. later they devalued (1.5% on weekend)

 

[techt]

I had Iconia Amex

Iconia American Express Rewards Program - IndusInd Bank

The Iconia American Express Rewards Program from IndusInd Bank gives you exciting rewards on every transaction. Know more about the points and redemption options.

www.indusind.com

till 2022 it was like that (2% on weekend).. later they devalued (1.5% on weekend)

Now further devaluation
From 1st March 2024, the value of non-cash redemption (excluding airmiles) will be 1 RP = Rs.0.75
From 1st March 2024, the value of cash redemption will be 1 RP = Rs.0.50