Our Money Guide

By: OurMoneyGuide || Last updated on: April 17, 2024

Pros and Cons of IndusInd Bank Tiger Credit Card 

Pros

  • Lifetime free card
  • Good benefit rate on card spends, especially at higher annual card spends
  • Lifestyle benefits such as complimentary airport lounge access both in India and abroad, complimentary golf, movie benefits, emergency roadside assistance, and more
  • Such reward rates and lifestyle benefits, are not easy to find in most lifetime free cards in India

Cons

  • You could earn higher reward rates, especially if you choose a card with annual fee

Features & Benefits of IndusInd Bank Tiger Credit Card

Lifetime free card

No annual fee is charged on the card.

Co-branded credit card by Tiger Fintech (a Bajaj Capital group company), with IndusInd Bank

This card has been launched by Tiger Fintech (a Bajaj Capital group company), in partnership with IndusInd Bank. It is a co-branded credit card.

Slabwise benefit, depending on level of annual card spend

You earn rewards, based on your yearly credit card spend. The more you spend, the higher reward rate you get.

– On annual card spends upto ₹1 lakh (X) : You earn 1 reward point (worth ₹0.40 as cashback, OR 1.2 airmiles), on every ₹100 you spend on your card
– On annual card spends between ₹1 lakh & ₹2.50 lakh (2X) : You earn 2 reward points (worth ₹0.80 as cashback, OR 2.4 airmiles), on every ₹100 you spend on your card
– On annual card spends between ₹2.50 lakh & ₹5 lakh (4X) : You earn 4 reward points (worth ₹1.60 as cashback, OR 4.8 airmiles), on every ₹100 you spend on your card
– On annual card spends above ₹5 lakhs (6X) : You earn 6 reward points (worth ₹2.40 as cashback, OR 7.2 airmiles), on every ₹100 you spend on your card

1 reward point = ₹0.40 cashback.

You can also convert your reward points to airmiles, 1 reward point = 1.2 airmiles (Club Vistara Points or InterMiles). You are likely to get a better reward value if you convert your reward points to airline points especially Vistara.

Exceptions : No reward points are given on the following card spends – fuel, utility bill payments, insurance premium, government services, educational Institutes, real estate and rental payments.

Lets take 2 examples to get effective benefit rate :
✔︎ At ₹6 lakhs annual card spend, you would earn a total of 20000 reward points worth ₹8000 as cashback (1.3% benefit), OR worth 24000 airmiles (4% benefit)
✔︎ At ₹3 lakhs spend, you would earn a total of 6000 reward points worth ₹2400 as cashback (0.8% benefit), OR 7200 airmiles (2.4% benefit)

As you can see, the card offers good rewards, the higher your card spend, and especially if you convert your reward points to airmiles.

Complimentary access to airport lounges in India – 2 per quarter

You get free access to airport lounges in India, once per quarter.

This benefit is brought to you through the DreamFolks program.

Complimentary access to airport lounges abroad – 2 per year

You get free access to airport lounges outside India, 2 times per year.

This benefit is brought to you through the Priority Pass program, one of the leading providers of this service across the globe. You can see the details of available lounges and other imformation on the Priority Pass website.

Complimentary golf benefits

1 free golf round per quarter OR 1 free golf lesson per quarter. You can choose either option, based on your preference.

Golf privileges are brought to you by IndusInd Bank in partnership with Apexlynx. Please click here to book your complimentary Golf Games & Lessons.

1 free movie ticket (upto ₹500), every 6 months – at BookMyShow

You can get a maximum of 2 free movie tickets per year, one each for every 6 months.

The maximum discount given on the 2nd ticket is ₹500, hence you can get a benefit of ₹1000 every year.

Low fee (forex markup) of 1.50% on international card transactions

You get a low fee of 1.50% on foreign card transactions. The fee is charged on the value of the foreign transactions.

Most cards in the industry (except a few) usually charge a fee of around 3.50% on foreign transactions.

24/7 emergency roadside assistance (Legend Auto Assist)

Services include on-the-spot mechanical/electrical repairs, emergency fuel supply, flat tire service, lost keys assistance, battery service, emergency towing, and accident management.

24/7 concierge services (Legend Concierge Services)

This provides services such as global trip assistance, including pre-trip guidance, hotel and flight bookings, sports and entertainment ticket reservations, exclusive event bookings, and worldwide delivery of flowers and gifts.

Complimentary insurance benefits (Total Protect) 

This covers your card for unauthorised transactions in case of –
– Loss or theft of the card, and
– Counterfeit fraud (in case of card details being stolen and used unscrupulously with counterfeit plastic)
– Protection is upto the credit limit of your credit card.

Fuel surcharge waiver

You get 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹4000 only.

This benefit is available at all fuel pumps across India.

24/7 IndusInd customer support 

You can reach IndusInd Bank 24 hours a day, please click here for all the options to contact the bank. 

It is recommended to call the bank from your registered mobile number, this will ensure you are instantly connected to a phone banking officer.

IndusInd Bank Tiger Credit Card Fees & Charges

Annual fee

Annual feeAnnual fee offers
1st year joining feeLifetime free
Renewal fee from 2nd year onwardsLifetime free

To view all fees and charges, please click here – IndusInd Credit Cards Fees & Charges

Eligibility criteria

Minimum age21 years
Maximum age65 years
OccupationSalaried or self-employed
Minimum income requirementsNot specified
Credit scoreNot specified, preferably above 750

Documents required

Required documents 
– PAN card copy
– Identity proof : PAN card , driving license, valid passport, voter ID (any one)
– Address proof : electricity bill, phone bill, driving licence, passport, ration card, bank statement, passbook, voters ID, flat maintenance bill, rent agreement
– Income proof : latest salary slip/s, income tax return etc

Additional documents maybe required on a case-to-case basis.

How do I apply for the IndusInd Bank Tiger Credit Card ?

Online application process 
The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the IndusInd Bank website.

You can also visit official website of the bank and fill out the application form. The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy.

Steps :
– To apply, simply provide your personal details, such as your PAN number, mobile phone number, income & emplyment details, , address, along with the other requirements asked for
– Submit the application
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Apply Now