IndusInd Indulge
Downgrade22 carats of gold on the plastic, ₹75,000 to hold it, and 0.6% back. The lounges and the golf are the entire case.
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: 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 →
Breaks even only by erasing its fee at ₹89,000 a month
At ₹89,000 a month — ₹10,68,000 a year — on the everyday mix this card returns ₹5,700 gross (earn ₹5,700) against a fee of ₹0 — the ₹10,000 is waived, the spend having cleared ₹10,00,000 a year = ₹5,700 net — the first rung at or above ₹0. 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
Denied or downgraded? The head-to-heads: IndusInd PIONEER Private, DBS Vantage.
Indulge converts 2:1 into Maharaja Club, so a Reward Point is worth ₹0.40 here — half the ₹0.80 house value, and the reason a headline 1.5 points per ₹100 lands at 0.6%.
Best real exit: Air India Maharaja Points at ₹0.40/pt (2:1 transfer).
The take
Indulge is India's original gold-inlay metal card and it still charges like one: ₹75,000 to join, ₹10,000 a year after that (waived at ₹10 lakh of spend). What comes back is 1.5 Reward Points per ₹100 that convert 2:1 into Air India Maharaja Club — ₹0.40 a point, 0.6% of your spend. Put a number on it: swipe ₹20 lakh through this card in year one and you earn about ₹12,000 of points against a ₹75,000 entry ticket. The points do not pay for this card, and no amount of gold leaf changes that. What might pay for it is everything else. Sixteen complimentary international Priority Pass visits a year — four every calendar quarter, outside India — is among the largest international lounge quotas any Indian issuer hands out, and since 10 March 2026 the golf programme runs four complimentary games AND four lessons every single month. If you fly long-haul often and play golf weekly, the benefits clear ₹75,000 comfortably. If you do neither, this is a ₹75,000 downgrade candidate and the cheaper Celesta gives you unlimited domestic lounge access for ₹25,000 to join.
Your renewal — keep, downgrade or cancel
This card reaches break-even by ERASING its fee, not by out-earning it: the waiver is the decision.
Keep, downgrade or cancel
₹10,000/yr at stake · 5 spend bands
The charge ₹75,000 joining, then ₹10,000/yr
The waiver ₹10,00,000 of spend in the year before renewal — about ₹83,333 a month — and the renewal fee is not charged.
Break-even ₹89,000 a month — ₹10,68,000 a year — is where this card's value crosses its fee, and it gets there by erasing the fee at the waiver rather than out-earning it.
At your spend
−₹8,400 a year, net of the fee, at ₹3,00,000 of annual spend
−₹6,800 a year, net of the fee, at ₹6,00,000 of annual spend
₹6,400 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹19,200 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹31,900 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
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
- 16 complimentary international Priority Pass visits a year — 4 every calendar quarter, outside India (effective 13-Mar-2025)
- 4 complimentary golf games AND 4 lessons every month (revised 10-Mar-2026)
- 1.8% foreign-currency markup against India's 3.5% norm — named explicitly in the bank's own fee schedule
- 6 complimentary domestic lounge visits a quarter, on ₹5,00,000 of previous-quarter spend (from Q2 FY26-27)
- No preset spending limit; 1.79% a month is the cheapest revolve rate on the IndusInd shelf
Watch out
- ₹75,000 joining fee, then ₹10,000 a year — and 0.6% back means the points never repay it
- Reward Points convert 2:1 into Maharaja Club, so ₹0.40 a point, not the ₹0.80 house value
- Domestic lounge access is spend-gated from 1-Apr-2026: no ₹5,00,000 in the previous quarter, no complimentary visits
- A replacement card costs ₹5,000 — the steepest re-issue fee IndusInd charges on any card
- No published welcome bonus, no published milestones — everything here is a recurring benefit or nothing
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
Indulge's row in the revision table carries a parenthetical its neighbours do not — "(does not apply to Real Estate/Rental Payments)". Rent therefore still earns the full 1.5 Reward Points per ₹100 on this card and 0.70 on Crest and Celesta, which is exactly why these rows are read one card at a time.
- Fuel · excluded No Reward Points on fuel from 1-Apr-2018; 1% fee on cumulative fuel above ₹50,000 a statement cycle from 15-Jun-2026
- Utilities (electricity/water/gas) · reduced 0.70 RP/₹100 vs 1.5 RP/₹100; 1% fee on utility spend above ₹25,000 a cycle
- Insurance · reduced 0.70 RP/₹100 vs 1.5 RP/₹100
- Government / tax · reduced 0.70 RP/₹100 vs 1.5 RP/₹100
Does your spend count toward the fee waiver?
not published — and we say which
₹10,00,000 a year is the bar that waives the ₹10,000 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. IndusInd Bank states what the IndusInd Indulge earns and does not earn, but has not published which spend categories count toward the fee waiver — the ₹10,00,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Where the miles go
2 programs
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
735 of 793 tracked doors
Gate: ₹5,00,000 prior-quarter spend (domestic) from the Jul-2026 quarter — tracking began 1-Apr-2026
Opens 735 of 793 tracked lounge doors across 294 airports , via Visa, Priority Pass India, Priority Pass Global — 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.
Invite-only — there is no public application form. The bank calls you.
There is no online application form on IndusInd's own listing — the Indulge tile carries a "Know More" button where Legend and Pinnacle carry "Apply Now" — so the realistic route is a branch or relationship manager. The bank does publish the bar: ₹36 lakh a year for salaried applicants, ₹42 lakh for the self-employed, evidenced by three months of bank statements and salary slips or your latest ITR.
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.
Visa Infinite with a 22-carat gold inlay and no preset spending limit. Joining ₹75,000 + GST, renewal ₹10,000 + GST waived on ₹10 lakh or more of spend in the last anniversary year, add-on free — read off the master MITC's own fee table. Earn is a flat 1.5 Reward Points per ₹100. Dynamic-currency-conversion and third-party rent fees are 1% here rather than the 2% most of the shelf pays. A replacement card costs ₹5,000, the steepest re-issue charge IndusInd levies on any product. The 1% fuel-transaction fee bites only above ₹50,000 in a statement cycle.
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 — 4 complimentary international Priority Pass visits a quarter (13-Mar-2025), 4 golf games + 4 lessons a month (10-Mar-2026), income bar ₹36 lakh salaried
- official Master MITC (Version 4.5, August-2026) — ₹75,000 joining / ₹10,000 annual waived at ₹10 lakh spend, 1.8% foreign-currency markup, 1.79% a month interest, ₹5,000 re-issue
- official Domestic lounge terms effective 1-Apr-2026 — Indulge gets 6 complimentary domestic visits a quarter on ₹5,00,000 of previous-quarter spend, unlocking from the July 2026 quarter
- official Credit-card listing — Indulge earns 1.5 Reward Points for every ₹100 spent, on Visa Infinite, with the comprehensive golf programme
- official Air India's per-card IndusInd conversion table — Indulge converts Reward Points to Maharaja Points at 2:1, credited in 2–4 working days