IndusInd Bank has announced a significant devaluation of its debit cards, effective from 1st November 2024. IndusInd Bank’s debit cards were previously popular for rewards on credit card bill payments, BOGO movie offers, free lounge access, and discounts on brands like Swiggy and BigBasket. Unfortunately, many of these benefits are now being removed or reduced.
Here’s a breakdown of the upcoming changes:
Major Debit Card Devaluation Highlights:
1️. VISA Classic Debit Cards (Starting with 421324)
- Previous Benefit: 1 RP = ₹0.50
- New Benefit: IndusRewards Program Removed. Remaining points devalued to 1 RP = ₹0.10.
2️. Mastercard Titanium Debit Cards (Starting with 525622)
- Previous Benefits: 1 RP = ₹0.50, Swiggy/BigBasket discounts
- New Benefit: IndusRewards devalued to 1 RP = ₹0.10, Swiggy/BigBasket discounts removed.
3️. Mastercard Titanium Plus/Metro Debit Cards
- Previous Benefits: 1 RP = ₹0.50, BOGO movie offers, Swiggy/BigBasket discounts
- New Benefit: IndusRewards devalued to 1 RP = ₹0.10, BOGO and Swiggy/BigBasket offers removed.
4️. Mastercard Titanium Delights Debit Cards
- Previous Benefit: 20% off on Swiggy (up to ₹600, thrice a month)
- New Benefit: Reduced to 10% off on Swiggy (up to ₹300, thrice a month).
5. VISA Platinum Debit Cards (Starting with 436393)
- Previous Benefit: 1 RP = ₹0.35, Swiggy/BigBasket discounts
- New Benefit: IndusRewards devalued to 1 RP = ₹0.15, Swiggy/BigBasket discounts removed.
6️. Mastercard World Delights Debit Cards (Starting with 52789816)
- Previous Benefit: 20% off on Swiggy and BigBasket (up to ₹600)
- New Benefit: Reduced to 10% off on Swiggy (₹300) and BigBasket (₹150), applicable thrice a month.
Movie Perks Adjustments:
- Mastercard World Exclusive Debit Cards (Starting with 52789805)
- Previous: 3 movie tickets per quarter
- New: Reduced to 2 movie tickets per quarter.
No Changes have been made to premium cards such as Grande World, Signature Pioneer, Infinite Solitaire, and others.
For a complete list of all changes, make sure to check the official updates starting 1st November 2024. Stay informed and adjust your spending habits accordingly!