Since the past few years, the IndusInd Pinnacle Credit Card has been considered one of the top premium credit cards available in the country. In the past, due to its large joining price, it only made sense for people who spent a lot of money, but now there are options for more inexpensive fees, and welcome coupons are included in those options.
Overview
The IndusInd Pinnacle Credit Card falls into the category of premium credit cards. Their rate of return ranges between 0.75% and 1.87%. Their yearly price is approximately 15,000 Indian Rupees (INR), which includes GST. The IndusInd Pinnacle Credit Card offers exclusive banking perks, making it the perfect choice for online shopping. A few years ago, IndusInd Bank sold the Pinnacle Credit Card for 50,000 Indian Rupees (INR), but now it may be purchased for only 15,000 Indian Rupees (INR).
This price decrease was placed throughout the busiest times for covid. Even for their premium credit cards, IndusInd’s credit cards do not charge an annual fee, which is one of the company’s many attractive features. The welcome reward is a Gyftr EGV, which can be used to redeem vouchers from a variety of retailers such as Myntra, Swiggy, Ola, and Uber, amongst others. However, the brands could shift at any time.
Therefore, in an ideal world, you would receive coupons in exchange for the fee that was paid; however, the Rs. 2,700 GST part is an additional cost, which you can, in any case, recoup if you spend Rs. 1 Lakh. There is no renewal cost associated with the IndusInd Pinnacle Credit Card, and the joining fee ranges from 15,000 to 16,000 dollars (including GST).
Advantages
The IndusInd Exclusive Account does not come with any associated fees, and there is also no necessity to keep a certain minimum balance or net redeemable value in the account at any time. Bookmyshow is currently running a promotion in which customers may save up to Rs. 200 on each ticket they buy, receive a free ticket when they buy one, and buy a maximum of three tickets each month.
Customers can take advantage of all of these perks by visiting bookmyshow.com. Golf is offered at no charge to registrants who receive two hours of instruction and four rounds of play each month. You will be qualified for the same benefits that you were eligible for with IndusInd Iconia; no new privileges are available to you. Assistance with Highest Priority Priority Concierge is a service I have never utilized.
To the best of my knowledge, I am unaware of any other customers who do so. Priority Auto Assist is something neither I nor anyone else I am aware of has ever used in our day-to-day lives, and I don’t know of anyone else who has either. The ability to use the Exclusive A/C function is among the most significant advantages of carrying a Pinnacle credit card. You must travel to the area in question and sign the necessary documentation to take advantage of this perk.
Limit of Pinnacle credit card
The opportunity to convert reward points for cash credit is one of the most enticing features of the Pinnacle credit card. It is also noted for its excellent reward rate on purchases made online. But lately, that perk is no longer available; instead, you can only use your Indusind credit card (in any of its variants) up to the credit limit allotted to it in a given month; any further use will not generate reward points.
My personal Experience
I recently signed up for the Pinnacle credit card, which comes with a welcome offer of 15,000 Canadian dollars’ worth of Amazon vouchers and an annual fee of 15,000 Canadian dollars plus GST. I could take advantage of both benefits because a welcome offer accompanied the card. I recently applied for the Pinnacle credit card, with a welcome bonus of CAD 15,000 worth of Amazon vouchers.
Within fourteen days of completing my application and making the required payment, I was sent the identification card in the mail. The fact that it was delivered to me in an unremarkable envelope led me to believe that a government-affiliated financial institution had provided me with a card with a reduced or waived annual fee. Neither the design of the card nor the envelope is there anything to indicate or give the impression that the card is of a higher quality than it is. The cumulative result is to give a terrible impression right off the bat.
Even though it has been more than two months since the card was mailed to me, the welcome benefit has not yet been given, and at this time, only automated systems are responding to emails. After everything that has happened up to this point, my most sincere desire is that I will be able to communicate with them in some capacity.
In any case, points will be added to the account as soon as the transaction is reflected on the statement after the account has been verified. This is always the case, no matter what the situation is. As a result of the research that was conducted and the fees incurred, I have been allowed to receive a discount of 2.5% on any purchases that take place over the internet.
Even though there is a restriction on splitting decks, I have decided to keep the IndusInd Iconia in my collection because it performs the same as a regular IndusInd card. This is the case even though there is currently a split restriction. In all other respects, this card behaves the same as any other regular Indusind card.
Conclusion
People who make the majority of their purchases online and prefer straightforward and quick redemption choices will find that this credit card is an excellent solution for them. However, for a card with fees in this price range, the additional features connected to lifestyle choices do not stand out as noteworthy.
I believe that exclusive banking is a fantastic bonus, and I hope more banks will start to provide it soon. In case you were wondering, card-only users of HDFC Bank have been receiving invitations to free classic and preferred accounts from the bank recently. However, the bank has not made this function known to the general population.
