IndusInd Pinnacle cash redemption cut 25% — ₹0.25 less

IndusInd Bank has cut the cash redemption value of its Pinnacle card from ₹1 to ₹0.75 per reward point. This change, effective from 15 March 2022, reduces the card’s online return from 2.5% to 1.875%. The cut impacts cardholders who rely on the Pinnacle for its cashback benefits, particularly those who use it for online spends. With the reduced redemption value, cardholders will now get less cash back on their purchases. Our take: if you’re a Pinnacle cardholder, reassess your rewards strategy considering the reduced cashback value. You may want to explore other cards that offer better cashback rates or consider alternative redemption options to maximize your rewards.