IndusInd Bank has introduced a new Visa Signature credit card called the Legend Credit Card, sometimes referred to as the Signature Legend Credit Card. Positioned between the bank’s Pinnacle and Signature variants, the Legend can outperform the Pinnacle if used with the right strategy.
The card supports PayWave/contactless payments and appears to feature a flat card surface without an embossed card number, based on the issuer’s image below.
IndusInd Bank Signature Legend Credit Card
- Joining Fee: Rs. 10,000 + GST (no vouchers) or Rs. 25,000 + GST (with vouchers)
IndusInd’s fee structure is not always clearly presented, but the card is offered with two joining-fee options: a lower fee without vouchers or a higher fee that includes shopping vouchers. Note that taxes on the fee are not reimbursed. Current voucher options issued with the higher fee include:
- Rs. 10,000 Pantaloons voucher
- Rs. 10,000 UCB voucher
- Rs. 10,000 Woodland voucher
- Rs. 10,000 Yatra.com voucher
- Rs. 10,000 Hidesign voucher
New merchant tie-ups are a welcome change. Frequent flyers will get good value from the Yatra voucher, while Pantaloons, UCB and Woodland vouchers work well for apparel and footwear purchases. Note: vouchers are no longer issued with the Rs. 10,000 joining-fee variant.
Rewards and Bonus
- Weekday earn rate: 1 RP per Rs. 100 spent (1% value)
- Weekend earn rate: 2 RP per Rs. 100 spent (2% value)
- Value equivalence: 1 RP = Rs. 1
- Spend-based bonus: 4,000 bonus reward points for annual spends above Rs. 6 lakh (credited after completing one year)
If you charge Rs. 6 lakh to the card in a year and concentrate those spends on weekends, the total returns would be Rs. 16,000 in value (Rs. 12,000 from regular weekend rewards plus Rs. 4,000 bonus). That roughly equates to a ~2.6% effective reward rate, comparable to higher-fee premium cards such as the Pinnacle issued with a Rs. 50,000 joining fee. For disciplined spenders who can optimize weekend transactions, the Legend card can be a cost-effective alternative.
Airport Lounge Access
- Priority Pass: membership fee waived (check exact visit entitlements with the issuer)
- Visa Signature Lounge access: two complimentary visits per quarter for the primary cardholder
The bank’s site mentions complimentary access to international lounges both in India and abroad, but full details are not always provided. Cardholders should confirm entitlements directly with the bank or the lounge partner before travel.
Foreign Currency Mark-up Fee
For a limited period, IndusInd offered a reduced foreign currency markup on international transactions.
- Discounted markup charged at 1.8% (applicable for transactions during the promotional period)
- After the promotional window, the standard foreign currency markup is 3.5%
- If the discounted rate applies, the difference to the standard rate may be credited back to the cardholder’s account at month-end (terms apply)
The lower markup during the promotion enhances the card’s appeal for international travel and foreign transactions.
Other benefits: golf access, roadside repair service, and concierge assistance.
Key Features Summary
- Reward rate: 1% on weekdays, up to 2% on weekends (effective rates can reach ~2.6% with the annual bonus)
- Complimentary airport lounge access: Visa Signature lounges — two free visits per quarter for the primary cardholder
- Foreign exchange markup: Discounted promotional rate available; standard 3.5% thereafter
- Fuel surcharge waiver: No surcharge on fuel transactions between Rs. 400 and Rs. 4,000 (subject to bank terms)
Overall, the IndusInd Signature Legend Credit Card provides a competitive reward structure and useful travel benefits for a mid-to-high joining-fee segment. Its value is maximized by concentrating spends on weekends and meeting the annual spend threshold for the bonus points. As always, prospective applicants should evaluate the card’s fees, benefits, and their personal spending patterns before applying.
Share your thoughts or experiences with the IndusInd Signature Legend Credit Card in the comments.