Indusind Iconia AmEx Credit Card Review

By | April 15, 2021

Indusind is not so active in providing credit card services to its customers. But still it has some good cards in its portfolio one of them is Indusind Iconia AmEx credit card. This card is designed especially to cater to your lifestyle requirement with tailor made rewards.

Indusind Iconia AmEx Credit Card Review

Indusind Iconia Fees

Types Of Charges Amount
Issuance Charges Rs.3,499
Annual Renewal FeeNil
Foreign Currency Markup3.50%
Interest Charged 3.83%/month

Here the most amazing thing about this card is that there is no annual fee. There exist very few card which came with no annual fee & this makes this card as ‘life time free‘ card.

Eligibility

Indusind Iconia AmEx Credit Card Eligibility
  • Age should be between 18-60 years
  • Rs.3.50 lakh per annum salary for salaried individuals
  • Self employed are required to possess ITR of Rs.5 lakh

Indusind Iconia Rewards

  • 1.5RP on domestic/international spend of Rs.100 on weekdays
  • 2RP on spending Rs.100 on weekends
  • 1RP = Rs.1
  • 100RP = 100 InterMile

Iconia Welcome Benefit

Indusind Iconia AmEx Credit Card Rewards

You’ll get vouchers from following brands in the form of welcome bonus:

Indusind Iconia AmEx Credit Card rewards
  • Montblanc
  • Luxe Gift Card
  • The Postcard Hotel
  • Vero Moda
  • Amazon
  • Flipkart
  • BigBazaar
  • Swiggy
  • Titan, many more

It offers approximately 25+ vouchers from different brands in the form of welcome benefit.

How To Apply for Indusind Iconia?

Indusind Iconia AmEx Credit Card how to apply

You can apply for the card in the following manner:

  1. You have to visit the IndusInd Bank website to apply for the card.
  2. Fill up all the information to apply for the card
  3. Submit all the necessary documents required for the credit card

Documents Required

  • Identity Proof: 
    • PAN Card,
    • Aadhar Card,
    • Voter’s ID Card,
    • Driving License,
    • Ration Card
  • Address Proof: 
    • Aadhar card,
    • Voter’s ID,
    • Ration Card,
    • Electricity Bill,
    • Lease/Rent Agreement,
    • Utility Bills
  • Income Proof: Salary Slip of last 6 months
    • Bank Statement of last 12 months
    • ITR of 2 financial year

Also Read
ICICI Bank Coral Credit Card


Our Suggestion

This is one of the amazing card available in the country which comes with average joining fee and high rewards and benefits. Along with this other best part about this card is that it does not have any renewal/annual fee.

This means that you have to pay only once to get this card. It also offers good return as fuel surcharge waiver. The welcome bonus in the form of vouchers is another thing which is fantastic.

The best conversion you got is in the form of Intermiles points.

Indusind Iconia Features

Indusind Iconia AmEx Credit Card Features
  • BookMyShow: Buy one get one ticket free
  • 1 golf session per quarter at the most stunning and luxurious golf clubs across India
  • 8 complimentary lounge access per year via travel plus program
  • Enjoy a waiver of 1% on fuel surcharge at any fuel station across India.
  • Auto Assist available in the whole country

On spending Rs.8000 on fuel in a year lets you save Rs.960 in a year. Which is 12% return.

Strength-Weakness

Strength Weakness
Welcome Bonus No golf course availability
Lounge access

Concierge

24X7 concierge available, the services are:

  • Pre-trip Assistance
  • Hotel Reservation
  • Flight Booking
  • Sports & Entertainment Booking
  • Flowers & Gifts

Bottom Line

Can’t say much about the card as haven’t use it by myself, but the rewards offered is okay. Obviously welcome reward is much good as no other card offers this much as welcome bonus. But as I have heard that the customer support is little bit unsatisfactory here.

Well don’t know the actual thing but can only say that any one can keep this card as supplementary card along with some good belongs to American Express or HDFC Bank


FAQ’s

Do all purchases attract an interest charge?

No, if your current balance is zero, you have a grace period of up to 50 days in which to make your payment. However, cash transactions attract an interest charge from the date of transaction till settlement date. Cash transactions also attract a transaction fee and applicable service charges.

What should I do if my Iconia card is lost?

In such case you can block it directly via internet/mobile banking or else you can call credit support executive to block the lost and also request for the new one.

Do my family use the card owned by me?

No your card is to used by you only. However they can use it in your presence but if you want a separate card for them then you can apply for add-on card for your family members.

But keep one thing in mind, the expenses made by them should be borne by you

In how much time I will get reversal of my credit card application?

Once the documentation is being complete, it will take 10-12 days to get the approval for the credit card.

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