IndusInd Iconia Visa
DowngradeThe Iconia without the Amex lounges — same ₹3,499 to open, two-thirds the earn, and no free lounge at all.
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
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. 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.
2 notes on the card itself: how it is issued · the network variants
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. Our 0.56% rate bakes the ₹0.75 haircut in.
Best real exit: Singapore Airlines KrisFlyer at ₹0.28/pt (4:1 transfer).
The take
The Visa half of IndusInd's discontinued Iconia pair, and the half worth understanding before you assume the two are the same card. They cost the same to open — ₹3,499 once, with no renewal fee — and the difference is everything after that. The Amex form pays 1.5 reward points per ₹100 on weekdays and 2 at weekends, and comes with two complimentary American Express lounge visits a quarter for the primary card and every add-on. This one pays 0.75 and 1, and IndusInd's own complimentary-benefits block for it reads, in full, "VISA card: No offers." The Priority Pass on the page is a membership, not a benefit: the same page's fee schedule lists "Priority pass usage charges Up to US $27 per person per visit", and the Travel Plus programme that waives eight of those visits a year is a separate product at ₹5,000 a year. So this is a 0.56% card that reaches 0.75% at the weekend, with points worth ₹0.75 against vouchers and ₹0.50 in cash, no complimentary lounge access, 3.5% forex and fuel that has earned nothing since April 2018. What it does still carry is real insurance — ₹2.25 lakh across baggage, passport, ticket and missed connection — and a BookMyShow buy-one-get-one worth up to ₹200 a month. It is closed to new sourcing; if you hold one and are paying nothing to renew, there is no reason to close it, but there is no reason to put spend on it either.
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
₹1,700 a year at ₹3,00,000 of annual spend
₹3,400 a year at ₹6,00,000 of annual spend
₹6,700 a year at ₹12,00,000 of annual spend
₹20,200 a year at ₹36,00,000 of annual spend
₹33,600 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
- No renewal fee at all: a one-time ₹3,499 issuance charge and nothing after it
- 1 RP/₹100 at weekends (≈0.75%) against 0.75 on weekdays (≈0.56%) at the ₹0.75 voucher value
- BookMyShow buy-one-get-one, one free ticket a month, capped at ₹200
- Travel insurance up to ₹2.25 lakh: ₹1,00,000 lost baggage, ₹50,000 lost passport, and ₹25,000 each for delayed baggage, lost ticket and missed connection
- Total Protect covers unauthorised and counterfeit transactions up to the credit limit, on add-on cards too
- 1% fuel surcharge waiver at any fuel station in India
Watch out
- NO complimentary lounge access — IndusInd's own benefits block for this card reads "VISA card: No offers", and the same page's fee schedule prices Priority Pass visits at up to US$27 each
- Closed to new applications: "we have discontinued this product for new sourcing, and same is only displayed as a reference for existing … Cardholders"
- The Travel Plus programme that waives eight lounge-usage charges a year costs ₹5,000 a year on top
- Points are worth ₹0.75 against vouchers and ₹0.50 in cash, against a ₹0.80 house value; cash redemption is capped at 5,000 points a calendar month since 1 September 2024
- Utilities, insurance, government, education and rent earn 0.70 RP/₹100
- Fuel has earned nothing since 1 April 2018
- Reward points accrue only on spend up to the assigned credit limit in a statement cycle — spend past it is forfeited, and IndusInd illustrates the forfeiture itself
- 3.5% forex markup
- Club Vistara redemptions closed 31 October 2024 and InterMiles closed 21 January 2025 — both were exits this card's own redemption menu 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
2 sourced rules
IndusInd's dated rewards-revision notice is the document that cut this card's education rate, and its own exemption list does not name Iconia. The education and government rows are asserted here.
- Government / tax · reduced 0.70 RP/₹100 vs 0.75 RP/₹100 on weekdays, and against the 1 RP/₹100 the card pays at weekends. IndusInd's notice puts government payments in the cut band with utilities, insurance and education institute fees, and gives Iconia Visa "0.70 Reward Point for every Rs. 100 (on weekends and weekdays)" — so the weekend uplift does not reach a tax payment. The card is discontinued for new sourcing and serviced for existing holders. No cap is published on the band
- Education · reduced 0.70 RP/₹100 vs 0.75 RP/₹100 on weekdays, and against the 1 RP/₹100 the card pays at weekends. IndusInd's notice puts education institute fees in the cut band with utilities, insurance and government payments, and gives Iconia Visa "0.70 Reward Point for every Rs. 100 (on weekends and weekdays)" — so the weekend uplift does not reach a school payment. The card is discontinued for new sourcing and serviced for existing holders. No cap is published on the band
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
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
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 is headed "Iconia Visa Credit Card (Discontinued)" and carries the bank's own notice — "we have discontinued this product for new sourcing, and same is only displayed as a reference for existing IndusInd Bank Iconia Visa Credit Cardholders" — while the MITC lists Iconia under "Discontinued cards" with no fee row at all. Existing holders are grandfathered and still sit in the 3.83%-a-month interest group. The nearest live IndusInd card is the Legend at ₹5,000 joining with no renewal fee.
IndusInd Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
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 — 3 of them, each with the day we read it
- official The card's own product page — the weekday/weekend earn table, the ₹0.75 and ₹0.50 redemption values, the ₹3,499 issuance charge with a nil renewal fee, and the "VISA card: No offers" benefits line
- official IndusInd's rewards-revision notice — "IndusInd Bank Iconia Visa Credit Card: 0.70 Reward Point for every Rs. 100 (on weekends and weekdays)" on the cut merchant categories
- official IndusInd's credit-card MITC — Iconia in the explicit discontinued list, with no fee row of its own