Best Way To Pay Credit Card Bills: More Information on IndusInd Exclusive Debit Cards

[seekndestroy99]

IndusInd Exclusive Account offers a free "IndusInd Exclusive Signature" Debit Card. Maximum cashback earned in a calendar month is ₹ 1050 statement credit at 0.93%.
Not many are aware that we can get 2 more debit cards issued for free in the same Exclusive Account, which would have their own separate cashback capping.

The variants are:

• Mastercard World Embossed
• Visa Platinum
  As per https://www.indusind.com/in/en/personal/Indus-Rewards-program.html, the Maximum Reward Point which can be earned in Mastercard World is 3000 (same as Exclusive Signature), but Platinum is 2000.

To get the additional debit cards, drop a mail to exclusive@indusind.com if you are an Exclusive Account Holder.

At ₹ 0.35 for a point for cash redemption, this amounts to a total of ₹ 1050 + ₹ 1050 + ₹ 700 = ₹ 2800 of cashback a month.



The cashback calculation could be a bit difficult to track and understand which is mentioned on this page:

Indus Rewards Debit Card Program - IndusInd Bank

Read all the important terms and conditions before applying for IndusInd Bank’s Debit Card. Click here and read all about IndusRewards Program here.

www.indusind.com

Hence, I calculated this in Excel, which makes it a bit easier to understand and track. Just to clarify, you can do any transaction value through the card (no minimum value). It all gets added to the spends. Then, as per your total spends, the points would be calculated at the end of the month. The debit points reflecting in your account would keep on changing in real time though.

Cumulative Amount	Points	Cumulative	Value of Points	Cumulative	Percent Savings per block	Cumulative % Savings
5000	50	50	17.5	17.5	0.35	0.35
10000	75	125	26.25	43.75	0.53	0.44
20000	200	325	70	113.75	0.70	0.57
30000	250	575	87.5	201.25	0.88	0.67
40000	250	825	87.5	288.75	0.88	0.72
50000	300	1125	105	393.75	1.05	0.79
60000	300	1425	105	498.75	1.05	0.83
70000	300	1725	105	603.75	1.05	0.86
80000	300	2025	105	708.75	1.05	0.89
90000	300	2325	105	813.75	1.05	0.90
100000	300	2625	105	918.75	1.05	0.92
112500	375	3000	131.25	1050	1.05	0.93
TOTAL	3000		1050

If there are any discrepancies or corrections, please let me know.

 

[minhazuddin]

Excellent .. I am glad that you got what you wanted.. Have fun... Enjoy ...

PS: We should alway try to work along with the system.. not against the system there by causing the unwanted friction...

Yup. It's a lesson to be learned the hard way.

 

[minhazuddin]

Yes , not credited for me for the transaction done about 15vdays ago on my Visa exclusive

I'll be in great loss if they don't credit for the bill paid through Paytm as recently I paid almost 4 lacs of bill of my different cards through Paytm using Visa Exclusive.

 

[sm9811911]

Ok guys. I have had the Exclusive account for almost 4 years too and of course they would just say its 1 card per account, but today a while back on the 2nd call, the request was taken for a Visa Signature Select (I have World MC Embossed and Titatnium which they call the default card)
I got the World MC Embossed earlier on after reading about the Reward points on CC bill payments probably some 1 year ago or so and today they have taken the request for Visa one. Now instead of Titanium I need to get a 3rd premium one where I get 1050 INR on all 3 cards every month.

1050 is not on all 3 cards

 

[sm9811911]

For Spends of Feb month
RP Credited on March,
What should i consider this RP for March or Feb?
Will i get again 3000 RP for March spends?

March. No, only remaining you will get

 

[Ravi teja malla]

Now they started disabling 3rd card on every account. Last month they disabled 3rd card on my account

 

[sm9811911]

Now they started disabling 3rd card on every account. Last month they disabled 3rd card on my account

Which 3rd card?

 

[minhazuddin]

ll be in great loss if they don't credit for the bill paid through Paytm as recently I paid almost 4 lacs of bill of my different cards through Paytm using Visa Exclusive.

Update - Today I got 3000 points for transactions done on 6th March. I hope @S S V too must have got the pending points. Didn't you ?

 

[SSV]

Update - Today I got 3000 points for transactions done on 6th March. I hope @S S V too must have got the pending points. Didn't you ?

Yes, I still haven’t got them . I had done cc payment in paytm in feb using visa dc .. interestingly I got points for MC DC used in paytm..
Strange

 

[minhazuddin]

Yes, I still haven’t got them . I had done cc payment in paytm in feb using visa dc .. interestingly I got points for MC DC used in paytm..
Strange

Now I'm very sceptical about using both cards for CC payment. We'll have to find another avenues for CC payment to get some decent rewards.

 

[imraj]

Now I'm very sceptical about using both cards for CC payment. We'll have to find another avenues for CC payment to get some decent rewards.

Please update whether you got rewards on paying through paytm app using visa Signature dc??

 

[the_dark_knight]

Today I exactly did the same. Called them late night and narrated false foreign trip plan and asked them for MasterCard variant to have as backup. The guy on other end did not even ask why u need two debit card or stuff like that. He straightforwardly went ahead and applied for the card. Thanks a lot Mr Pioneer @S S V

Is the second debit card(mastercard) attracts any annual fee? With select account I know visa select signature dc is given ltf, but is fees applicable when we apply more than one db?

 

[4uziaul]

Is the second debit card(mastercard) attracts any annual fee? With select account I know visa select signature dc is given ltf, but is fees applicable when we apply more than one db?

No fees, it's LTF.

 

[Daunt]

Please update whether you got rewards on paying through paytm app using visa Signature dc??

I did a week back & received points. Used Visa Sig in Park+ & Paytm.
Still awaiting Master world points used in Cheq tho.

 

[CARDBITRAGE]

How long does it take to receive the 3000 points after the transaction? Is it tabulated at the end of the month and then credited to our account or is it credited after completing the transaction? I was supposed to receive it for 2 cumulative months but I have received it only for one month. Transactions were done in Paytm for both months.

 

[liza10o]

IndusInd Exclusive Account offers a free "IndusInd Exclusive Signature" Debit Card. Maximum cashback earned in a calendar month is ₹ 1050 statement credit at 0.93%.
Not many are aware that we can get 2 more debit cards issued for free in the same Exclusive Account, which would have their own separate cashback capping.

The variants are:

• Mastercard World Embossed
• Visa Platinum
  As per https://www.indusind.com/in/en/personal/Indus-Rewards-program.html, the Maximum Reward Point which can be earned in Mastercard World is 3000 (same as Exclusive Signature), but Platinum is 2000.

To get the additional debit cards, drop a mail to exclusive@indusind.com if you are an Exclusive Account Holder.

At ₹ 0.35 for a point for cash redemption, this amounts to a total of ₹ 1050 + ₹ 1050 + ₹ 700 = ₹ 2800 of cashback a month.



The cashback calculation could be a bit difficult to track and understand which is mentioned on this page:

Indus Rewards Debit Card Program - IndusInd Bank

Read all the important terms and conditions before applying for IndusInd Bank’s Debit Card. Click here and read all about IndusRewards Program here.

www.indusind.com

Hence, I calculated this in Excel, which makes it a bit easier to understand and track. Just to clarify, you can do any transaction value through the card (no minimum value). It all gets added to the spends. Then, as per your total spends, the points would be calculated at the end of the month. The debit points reflecting in your account would keep on changing in real time though.

Cumulative Amount	Points	Cumulative	Value of Points	Cumulative	Percent Savings per block	Cumulative % Savings
5000	50	50	17.5	17.5	0.35	0.35
10000	75	125	26.25	43.75	0.53	0.44
20000	200	325	70	113.75	0.70	0.57
30000	250	575	87.5	201.25	0.88	0.67
40000	250	825	87.5	288.75	0.88	0.72
50000	300	1125	105	393.75	1.05	0.79
60000	300	1425	105	498.75	1.05	0.83
70000	300	1725	105	603.75	1.05	0.86
80000	300	2025	105	708.75	1.05	0.89
90000	300	2325	105	813.75	1.05	0.90
100000	300	2625	105	918.75	1.05	0.92
112500	375	3000	131.25	1050	1.05	0.93
TOTAL	3000		1050

If there are any discrepancies or corrections, please let me know.

What is cc payment tagged as?

Also, what are the minimum points reqd for redemption ??

 

[helloworld]

What is cc payment tagged as? And what is it corresponding reward rate?

10 Pages wasted. Title itself says its for that purpose only.

search query: best-way-to-pay-credit-card-bills-more-information-on-indusind-exclusive-debit-cards

 

[liza10o]

10 Pages wasted. Title itself says its for that purpose only.

https://www.technofino.in/community...re-information-on-indusind-exclusive-debit-ca

What purpose? I dont see the answer to my question mentioned anywhere, also adding, do the points expire?

 

[helloworld]

What purpose? I dont see the answer to my question mentioned anywhere, also adding, do the points expire?

as per official terms and conditions.. credit card bill payments not eligible for reward points.

more such exclusions, rewards expiry can found here:

Terms & Conditions: Indus Rewards Program - IndusInd Bank

Find the Indus Rewards Program for individual savings account holders at IndusInd Bank. Terms & conditions are applicable to accrual & redemption of reward points. Read more.

www.indusind.com

 

[liza10o]

as per official terms and conditions.. credit card bill payments not eligible for reward points.

more such exclusions, rewards expiry can found here:

Terms & Conditions: Indus Rewards Program - IndusInd Bank

Find the Indus Rewards Program for individual savings account holders at IndusInd Bank. Terms & conditions are applicable to accrual & redemption of reward points. Read more.

www.indusind.com

Literally everyone is paying cc bill using the card, but on 3rd party app it is tagged as something else, that's why i asked the question!!

Why are people so rude here :/

 

[helloworld]

Literally everyone is paying cc bill using the card, but on 3rd party app it is tagged as something else, that's why i asked the question!!

Why are people so rude here :/

apologies.

What is cc payment tagged as?

Also, what are the minimum points reqd for redemption ??

- depends on 3rd party it tags differently.

- 500 minimum.

What purpose? I dont see the answer to my question mentioned anywhere, also adding, do the points expire?

- 1 Year

More details (about min. for other Indus debit cards, expiry conditions)

Terms & Conditions: Indus Rewards Program - IndusInd Bank

Find the Indus Rewards Program for individual savings account holders at IndusInd Bank. Terms & conditions are applicable to accrual & redemption of reward points. Read more.

www.indusind.com

actually everything available in earlier shared link (above one) or OP Post but just incase you missed or didn't find time to check.

general note: this is as of today, tomorrow they may send notification that requires more min. points or reduce points value or exclude some more categories. happens everywhere, just a basic note, ignore.