IndusInd Iconia Amex
KeepAmex lounges on an IndusInd card — 8 a year each for you and your add-on, on a card nobody can get anymore.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: None you can still claim — the card is closed to new applications, and IndusInd's Vouchagram welcome vouchers were footnoted "only applicable on select fee plan".
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays from the first rupee
At ₹1,000 a month — ₹12,000 a year — on the everyday mix this card returns ₹100 gross (earn ₹100) against its ₹0 fee = ₹100 net — at or above ₹0 from the first rung we price. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #695
Why #695 Held at the board's tail even though the value model scores it mid-table, and the model is not wrong: eight American Express lounge visits a year on a card with no renewal fee is a genuinely good hand. But it is closed to new applications, and a card nobody can apply for does not outrank the cards they can. This page is for the people who already hold one.
Iconia redeems IndusInd points below the ₹0.80 house value that the Tiger's 1:1 Maharaja route sets: non-cash redemptions other than airmiles pay ₹0.75/RP and cash credit pays ₹0.50, both cut on 1 March 2024, with cash capped at 5,000 points a calendar month since 1 September 2024. The KrisFlyer table this card's own Rewards section links runs at 4:1 — ₹0.275 a point, a decoy. Our 1.1% rate bakes the ₹0.75 haircut in.
Best real exit: Singapore Airlines KrisFlyer at ₹0.28/pt (4:1 transfer).
The take
Two complimentary Amex-lounge visits a quarter, for the primary card AND every add-on, on a card whose only recurring cost is nothing at all — the ₹3,499 was a one-off issuance charge and the renewal fee is nil. That is a better lounge-per-rupee deal than most cards on this board, and it is why a discontinued card gets a page. The rooms are IndusInd's own American Express list — 35 of them, Encalm and Travel Club and 080 and Primus, domestic and international terminals across India, entered by swiping the card at the Amex terminal at the door. Earn is respectable for its era too: 1.5 reward points per ₹100 on weekdays and 2 on weekends, worth ₹0.75 apiece against vouchers, which makes it a 1.1% card that doubles to 1.5% at the weekend. What you do not get is anything international: every participating lounge is in India, IndusInd's fee schedule says outright that Priority Pass is not available on Iconia, and forex is the full 3.5%. If you hold one, keep it — there is no renewal fee to justify and eight free lounge visits a year to lose. If you don't, you can't; IndusInd stopped sourcing it and points you at the current range instead.
Your renewal — keep, downgrade or cancel
This card charges nothing at the anniversary — its one fee was taken at issue. There is no renewal decision to make; keeping it costs ₹0 a year.
Keep, downgrade or cancel
nothing due at the anniversary · 5 spend bands
The charge ₹0/yr · ₹3,499 joining (one-time)
At your spend
₹3,000 a year at ₹3,00,000 of annual spend
₹6,000 a year at ₹6,00,000 of annual spend
₹11,900 a year at ₹12,00,000 of annual spend
₹35,800 a year at ₹36,00,000 of annual spend
₹59,600 a year at ₹60,00,000 of annual spend
Everyday earn plus milestones, with no fee to subtract — the same model as the value panel above, so the two cannot disagree. run your exact spend →
The downgrade
IndusInd Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 23 Sep 2026 Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and Hilton a program these points reach
- 25 Aug 2026 Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus a program these points reach
- 20 Aug 2026 IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner a program these points reach
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 2 complimentary American Express lounge visits a quarter — and add-on cardholders get the same allowance
- No renewal fee: a one-time ₹3,499 issuance charge and nothing after it
- 2 RP/₹100 on weekends (≈1.5%), 1.5 on weekdays (≈1.1%) at the ₹0.75 voucher value
- 35 participating lounges, domestic and international terminals, across 20 Indian cities
Watch out
- Closed to new applications — IndusInd's own page: "we have discontinued this product for new sourcing"
- No lounges outside India, and no Priority Pass: the MITC names Iconia in the list where Priority Pass is not available
- The page's own Priority Pass and Travel Plus blocks are footnoted "Not applicable on Amex cards" — those are Visa-Iconia programmes, and both are paid anyway
- Points are worth ₹0.75 against vouchers, ₹0.50 in cash — and KrisFlyer at 4:1 pays ₹0.275, below what the cash button gives you
- Cash redemption capped at 5,000 points a calendar month since 1-Sep-2024, with a ₹149 fee
- Forex is the full 3.5%, plus a dynamic-currency-conversion fee if a foreign terminal bills you in rupees — 1% until 14 Jun 2026, and from 15 Jun IndusInd's revised list names the Visa Iconia at 2% while naming this Amex edition at neither rate; 1% is the last rate clearly published for this card
- Utilities, insurance, government, education and rent earn 0.70 RP/₹100, not 1.5
- Fuel has earned nothing since 1 April 2018, and costs 1% above ₹50,000 of cumulative fuel spend in a statement cycle, from 4 May 2025
- Club Vistara redemptions closed 31-Oct-2024 and InterMiles closed 21-Jan-2025 — both were exits this card advertised
What these points actually fly
You hold this — the numbers below are your own points.
These points feed 21 programmes that publish an award chart. Cheapest verified seat per cabin, priced in YOUR points with this card's own ratio already applied:
- Delhi → Singapore Economy 76,000 IndusInd Reward Points via Singapore Airlines KrisFlyer at 4:1 the play
- Bengaluru → Singapore Business 180,000 IndusInd Reward Points via Singapore Airlines KrisFlyer at 4:1
- Mumbai → Delhi First 320,000 IndusInd Reward Points via Air Canada Aeroplan at 12.8:1 (through Singapore Airlines KrisFlyer → Marriott Bonvoy) the play
What earns, what doesn't
6 sourced rules · 1 pay zero
The revision table lists the Visa and the American Express Iconia as SEPARATE rows with the same treatment — 0.70 Reward Point per ₹100, on weekends and weekdays. Note that the Amex variant is absent from the MITC's 2% DCC list and from both fuel-fee thresholds, which name "Iconia Visa" only.
- Fuel · excluded No Reward Points on fuel from 1-Apr-2018; the MITC's 15-Jun-2026 fuel-fee thresholds name Iconia Visa and not the Amex variant
- Rent & property management · reduced 0.70 RP/₹100 vs 1.5 RP/₹100 on weekdays — real estate and rental payments joined the revised list on 20-Jan-2022, and Iconia is not on the MITC's rent-fee exemption list
- Utilities (electricity/water/gas) · reduced 0.70 RP/₹100 vs 1.5 RP/₹100 on weekdays; 1% fee on utility spend above ₹25,000 a cycle
- Insurance · reduced 0.70 RP/₹100 vs 1.5 RP/₹100 on weekdays
Where the miles go
1 program
Ratios read card points : partner miles — 2:1 means 2 points become 1 mile. Never the other way round.
every IndusInd Bank route, side by side → · the IndusInd Reward Points hub →
Lounge access
18 of 793 tracked doors
Opens 18 of 793 tracked lounge doors across 11 airports — see the full map →
Can you get it?
income, age and the route in
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
Closed to new applications. IndusInd's surviving product page carries the bank's own notice — "Dear Customer, we have discontinued this product for new sourcing, and same is only displayed as a reference for existing IndusInd Bank Iconia Amex Credit Cardholders" — and the MITC's fee table lists Iconia under "Discontinued cards" with no fee row of its own. Existing holders are grandfathered; the only way to have one today is to already have one.
per the official IndusInd Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
One-time issuance charge ₹3,499, annual renewal fee NIL, add-on NIL — the product page is the only issuer document that carries a fee for this card, because the MITC lists Iconia under discontinued cards with no fee row. Closed to new applications. Two complimentary American Express lounge visits per quarter for the primary card and for each add-on; Priority Pass is NOT available on Iconia per the MITC's own list. Cash redemption capped at 5,000 points a calendar month since 1-Sep-2024.
per the official IndusInd Bank MITC · reviewed 10 Jul 2026
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 25 Aug 2026Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus
- 20 Aug 2026IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner
- 18 Aug 2026Amex India re-rates Virgin Atlantic upward — 2:1 becomes 5:4, the first MR buff in years
- 6 Aug 2026MaxCoins' full transfer catalogue surfaces — Accor at 2:1 re-prices the coin to ₹1.08
- 3 Aug 2026SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programme
- 2 Aug 2026Flipkart SuperCoins into Maharaja Club improve to 2:1
- 26 Jul 2026Air India's quiet network retreat: Tokyo moves, Paris and San Francisco go, Malé pauses
Every IndusInd Bank change we've dated → 10 events since 2016, 8 of them nerfs — worst year 2025.
Verified against IndusInd Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 5 of them, each with the day we read it
- official Product page — "Complimentary access to Amex lounges", the weekday/weekend earn, the ₹3,499 issuance charge with a nil annual renewal fee, and the discontinuation notice
- official IndusInd Bank American Express Airport Lounge Programme — "IndusInd Bank Iconia American Express Credit Card: 2 per quarter w.e.f. 1st Jan 2019", for primary and add-on members
- official MITC / fee schedule, the 10 September 2025 consolidated edition — Iconia in the discontinued list, in the no-Priority-Pass list, and in the 3.83%/mo interest tier
- official Rewards-revision notice — "IndusInd Bank Iconia American Express Credit Card: 0.70 Reward Point for every Rs. 100 (on weekends and weekdays)" on the cut merchant categories
- official Bank KrisFlyer redemption T&C — 400 reward points = 100 KrisFlyer miles, minimum 500 points, maximum 10,000 points a calendar month