IndusInd Bank offers a small lineup of premium credit cards, and the Iconia (American Express) stands out among them for its rewards and select benefits. Below is a concise, updated review of the IndusInd Iconia Credit Card (Amex variant), covering fees, reward structure, benefits and who might still find this card useful.
Table of Contents
- Overview
- Fees
- Variants
- Reward Points
- Other Benefits
- Bottomline
Overview
| Type | Premium Credit Card |
| Reward Rate | 1.1% – 2% |
| Annual Fee | 3,500 INR + GST |
| Best for | Weekend spends and selective Amex offers |
| USP | American Express network benefits |
The Iconia started life as one of IndusInd’s stronger premium options. Changes to redemption values and a narrower set of redemption partners have reduced its appeal, but it still has points in its favor—especially for users who can make the most of the Amex offers and the specific redemption portal options.
Fees
| Joining Fee | 3,500 INR + GST |
| Welcome Benefit | None |
| Renewal Fee | None |
Occasionally the card may be offered with a higher paid option (e.g., ₹10,000 + GST) bundled with Gyftr e-gift vouchers redeemable at brands such as Myntra, Swiggy, Ola and Uber; these brand selections can change. A notable advantage is that IndusInd keeps renewal fees nil for some premium cards, which reduces long-term ownership cost if you get the card without an upfront fee.
Variants
- Visa
- American Express
The Iconia is available in both Visa and American Express variants. Currently, the Amex variant delivers the more useful features; the Visa version is less compelling by comparison.
Reward Points
- Weekdays: 1.1% (cash credit) – 1.5% (eVouchers)
- Weekends: 1.5% (cash credit) – 2% (eVouchers)
Higher redemption values (1.5%–2%) are available when you redeem points through the IndusMoments portal, which currently supports a limited set of brands. Examples of redeemable brands that have appeared include Bata, Apollo and Jockey, but availability can change over time.
Note: Transactions such as wallet top-ups, government payments, insurance, utilities, NPS and bill payments typically earn significantly fewer points.
Other Benefits
- Complimentary domestic airport lounge access: 4 visits per quarter
- BookMyShow offer: Buy 1 Get 1 free (up to ₹200 per ticket)
- Occasional festive offers around events like Diwali
Beyond these, Amex network offers can add value when active, but the frequency and attractivenes of such offers have reduced recently.
Bottomline
- Cardexpert Rating: 3.7/5
Having used the IndusInd Iconia for several years, it once ranked among the best premium cards available. Today, with weaker redemption value, fewer standout Amex offers and a modest reward rate, it is less compelling for most users.
If you can obtain the card without an upfront fee or are able to consistently benefit from the specific Amex and IndusMoments redemptions, keeping the card can still make sense. Otherwise, consider other premium cards that deliver stronger rewards or more consistent benefits.
Are you using the IndusInd Iconia Credit Card? Share your experience in the comments if available.