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is Indusind Indie megastar account the best way to earn cashback on international trips without super premium cards?

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lucifer55

lucifer55

TF Neo
Hi All,

I've a foreign trip coming next month and maybe one more this year. So, looking for best way to minimise forex charges and earn cashback/rewards

I don't have any super-premium card and I don't think I need travel-friendly card (Airmiles) as my airline trips are very minimum. So, I would most probably like to convert them to cashback points.
So, this brings me to Indusind Signature Debit card.


I got to know that with Indusind Indie Megastar account, we will get Indusind Signature Debit card that has 0 forex markup fee, accelerated rewards and 0.5 gems/100 spent on indie app. (1 gem = 1 Rs)

0 -5k = 1 RP
5k-10k = 2Rp
10k - 20k = 3 RP
20k-30k = 4RP
30k - 40k = 5RP
40k+ = 6 RP
With capping of 3000RP/month

I know its a debit card and not credit card but still, with 0 forex markup and reward points and gems, does it make the best way to minimise forex spends and earn good cashback?

Are there any better options or any issues with this approach?
 
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Did you find any other details on charges?
I am especially looking for ATM withdrawal charges. Like forex charges of any other kind and what to select local or foreign currency when placing ATM withdrawal.
 
Last edited:
shashankverma said:
Did you find any other details on charges?
I am especially looking for ATM withdrawal charges. Like forex charges of any other kind and what to select local or foreign currency when placing ATM withdrawal.
Click to expand...
Indie signature card has atm withdrawal charges...most users mentioned that it does not work...go for exclusive debit card

Do not convert to local currency at the time of withdrawal elee 5% extra will be charged
 
sunit123 said:
Indie signature card has atm withdrawal charges...most users mentioned that it does not work...go for exclusive debit card

Do not convert to local currency at the time of withdrawal elee 5% extra will be charged
Click to expand...
What are withdrawal charges? Can you direct me to the thread?
 
lucifer55 said:
Hi All,

I've a foreign trip coming next month and maybe one more this year. So, looking for best way to minimise forex charges and earn cashback/rewards

I don't have any super-premium card and I don't think I need travel-friendly card (Airmiles) as my airline trips are very minimum. So, I would most probably like to convert them to cashback points.
So, this brings me to Indusind Signature Debit card.


I got to know that with Indusind Indie Megastar account, we will get Indusind Signature Debit card that has 0 forex markup fee, accelerated rewards and 0.5 gems/100 spent on indie app. (1 gem = 1 Rs)

0 -5k = 1 RP
5k-10k = 2Rp
10k - 20k = 3 RP
20k-30k = 4RP
30k - 40k = 5RP
40k+ = 6 RP
With capping of 3000RP/month

I know its a debit card and not credit card but still, with 0 forex markup and reward points and gems, does it make the best way to minimise forex spends and earn good cashback?

Are there any better options or any issues with this approach?
Click to expand...
The reward point structure you wrote looks like the one for Indusind VISA signature cards - I am not sure if that includes the indie VISA signature cards as well. Coz in the indie page, it is stated u get 0.5% on all debit card transactions (not the accelerated brands)

> Earn Rate of GEMs on INDIE debit card transactions: 0.5%

But in the case of international transactions, that too looks good to me.
 
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