Unpacking the new Club Vistara IndusInd Bank Explorer Credit Card

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IndusInd Bank and Club Vistara Club Vistara have come together to launch a new co-branded credit card called the IndusInd Bank Explorer Credit Card. This club forms the third partnership for Vistara co-branded credit cards, with Axis Bank and SBI Card as the first and second co-branded card partners.

Club Vistara IndusInd Bank Explorer Credit Card

The partnership is different as compared to the first two partnerships that were initiated with IndusInd Bank. Being the first partner, Axis Bank inked a deal to launch cards spanning the entire spectrum, from entry-level cards to top-of-the-line super-premium products. With SBI Cards, Vistara struck a deal that allowed SBI Cards to offer entry-level and mid-tier cards, but SBI Cards did not enter the super-premium card segment with the Vistara co-brand card. Now, IndusInd is entering the market with a top tier card.

Let us know the key features of Club Vistara IndusInd Bank Explorer Credit Card.

  • Welcome Benefits: The Club Vistara IndusInd Bank Explorer Credit Card comes with a slew of goodies and benefits, arguably to justify the INR 40,000 fee it plans to charge as initiation fee in the first year. Here are the benefits that it offers for one year:
    • Club Vistara Gold Tier: Unlike Axis Bank Vistara Infinite Credit Card, which used to offer CV Gold tier till you hold the card, IndusInd Bank offers Vistara Gold membership for the first year of holding the card, subject to payment of joining charges .
    • Welcome Ticket: You receive a complimentary business class ticket voucher (tax payable) from Vistara on payment of the joining fee, which allows you to book a location-available ticket on Vistara’s home network.
    • Rs 25,000 vouchers: You can choose from various vouchers to avail from IndusInd Bank:
      • lux gift card: You can get vouchers worth INR 25,000 to spend at premium Reliance Brands stores like Tumi, Coach, Satya Paul, Boss, Michael Kors, Hamleys, Armani Exchange etc. Vouchers are distributed in denominations of INR 5,000. Vouchers are valid for six months.
      • Oberoi Vouchers: You can choose to receive the Oberoi Hotels and Resorts Stay Voucher, which lets you stay for one night (room/suite) at various Oberoi properties across the country on double occupancy basis. Each hotel has defined the rooms/suites to be provided for the voucher.
      • Vouchers on multiple brands worth Rs 25,000: Through the voucher generation portal, IndusInd Bank is offering vouchers at stores such as Charles & Keith, Louis Philippe, Bata, Hush Puppies, Vero Moda, Aldo, William Penn, Titan, Pantaloons, Hydesign, Woodland and UCB.
  • Earning Points: In terms of earning points, you earn Club Vistara points in the following ratio:
    • Expenses on Vistara website/app for direct booking: 8 CV points / ₹200 spent. 6 CV points will be submitted immediately, and 2 CV points will be submitted 45 days later.
    • Hotel, airline, travel expenses: 6 CV points / ₹200 spent.
    • Utilities, Insurance, Government Payments, Fuel Expenses: 1 CV Point/Rs. 200 spent
    • All other expenses: 2 CV points / ₹200 spent
  • Milestone Ticket Vouchers: In terms of ticket vouchers, you earn Club Vistara Business Class tickets for every INR 3 Lakh spent up to INR 15 Lakh.
  • No Forex Markup: One of the only cards in the country which is absorbing FCY markup on spends made abroad.
  • Entrance to the lounge: 16 visits per year to international lounges (4 trips per quarter) are complimentary through the issued Priority Pass, and four visits per year to domestic lounges (1 per quarter) are complimentary through swiping the card in the lounge itself.

The card costs Rs 40,000 for the first year, and then Rs 10,000 from the second year onwards.

our thoughts

IndusInd Bank’s co-branded partnership with Vistara is a complex product structure, much like the IndusInd Credit Card. For example, back in the day, IndusInd offered a Jet co-branded card where you get more points on weekend spending than on weekday spending. Here different expenses are available in different categories, lifestyle expenses get more points than regular expenses.

The card will make you pay the initiation fee with INR 25K voucher and J class ticket in the first year, but you are on your own from the second year onwards. For example, you only get a welcome J class ticket in the first year.

What also beats me is that this card is on the Visa Signature platform and not the Visa Infinite platform, which would have allowed it to get the most out of the Visa bouquet of network perks (unless there are any plans to launch super-premium cards). is) card later).

In this case, Vistara held all the cards in terms of product talks. Back in the day, after Axis Bank handed over a beloved deal to offer Vistara Gold membership to cardholders as long as they had the card (now changed), Vistara has no longer passed this benefit on to any other bank. Here, they backtracked, but narrowed it down to just one year instead of evergreen benefits.

ground level

The Club Vistara IndusInd Bank Explorer Credit Card offers Vistara Gold membership, free J Class tickets and Oberoi stay/vouchers for first year purchases and up to five tickets on Vistara’s Business Class. After the second year, you only get milestone benefits and not welcome benefits. In terms of earnings, you get 8 CV Points/INR 200 spent on Vistara expenses, 6 CV Points/INR 200 spent on other travel expenses, and 2 CV Points/INR 200 on regular expenses.

What do you mean by Club Vistara IndusInd Bank Explorer Credit Card? Which features do you like?


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