IndusInd Rewardz Festival is here with 3X reward points & 5% cashback

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IndusInd Bank has today launched Rewards Festival 2020 on its credit cards. Under this offer, IndusInd Bank is offering 3X bonus reward points on online spends and 5% cashback on partner spends. This offer will start from 15th October 2020 till 20th November 2020. Let us delve into the details of this offer to know more.

offer details

On meeting the spending criteria, IndusInd Card members will be eligible for the following benefits:

Up to 3X Bonus Reward Points on Online Spending

  • Proposal:
    • Spend Level 1. Get 2X Bonus Reward Points on Online Spending Above Rs.
    • Earn 3X Bonus Reward Points on online spends above Level 1 spend and 2X Reward Points on all online spends up to Level 1.
  • expense level: As informed in the email sent by IndusInd Bank
  • Max Bonus Reward Points: As informed in the email sent by IndusInd Bank

5% cashback on partner spend

  • Proposal: 5% cashback on meeting minimum spend level across Yatra, Zoomcar, Easydiners, Myntra, PCJ, Maple, Medlife and Grofers
  • maximum cashback: As informed in the email sent by IndusInd Bank
  • expense level: As informed in the email sent by IndusInd Bank

5% cashback on conversion of dues into EMI

  • Proposal: 5% cashback on conversion of dues into EMI
  • maximum cashback: As informed in the email sent by IndusInd Bank
  • Minimum conversion amount: As informed in the email sent by IndusInd Bank
  • Minimum EMI Tenure: 12 months

Other T&Cs

  • Period: 15 October 2020 to 20 November 2020
  • type: Enrollment required before 20 October 2020
    • Join by sending SMS to 5676757 from registered mobile number
    • Clicking on personal link in the email sent by IndusInd Bank
    • call customer care
  • fulfillment: Bonus reward points and cashback will be credited to the card account by 31st January 2021
  • Disfellowship:
    • Not applicable on IndusInd Bank Corporate Card, IndusInd Bank Classic Credit Card, IndusInd Bank Gold Credit Card, Intermiles IndusInd Bank Odyssey Credit Card, Intermiles IndusInd Bank Yatra Credit Card and credit cards issued after September 30, 2020.
    • Not applicable on credit cards with stipulated credit limit of less than Rs. 30,000
    • Not applicable on mobile/digital wallet loading, insurance premium payment, standing instructions
  • Source: E-mail

ground level

I got Rs. Expense level 1 received. 60,000 and spend level 2 of Rs. 1.2 Lakh on my IndusInd Iconia Amex Credit Card which is quite high, I believe. The maximum bonus reward points I can earn by using this program is 2,500. By using this offer, I can redeem my Iconia Amex Card with Rs. 1,20,000 which is decent.

The 5% cashback partner list is really tremendous. I wish IndusInd should have included major e-commerce partners like Amazon, Flipkart etc. to attract the masses.

I would discourage you from using the third offer of converting dues into EMIs as you will lose more on interest than you can get through cashback.

What levels of spend did you get on your IndusInd Credit Card? Are you planning to attend the IndusInd Rewards Festival? Let me know by leaving a quick comment below.

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