IndusInd Legend Credit Card
Gaurav
The IndusInd Legend Credit Card is a simple card that offers good rewards and useful features. Right now, you can get this card with no annual fee, making it a lifetime-free card. For every ₹100 spent, you earn up to 1 reward point, which can be redeemed for options like statement cash, Airmiles, products, and gift vouchers. You can also earn 4,000 bonus reward points by reaching the annual spending milestone. The card also gives you one free domestic airport lounge visit every quarter. Read our full review to learn more about the card’s features.
Rewards and Benefits
Movie & Dining
Get one movie ticket free every month, up to Rs. 200.
Domestic Lounge Access
1 Free Domestic Airport Lounge Access Every Quarter (4 Each Year)
Rewards Rate
1 Reward Point per Rs. 100 spends on weekdays and 2 Reward Points for every Rs. 100 you spend on weekends.
Golf
N/A
Travel
N/A
Insurance Benefits
Get a free air accident cover of Rs. 25 Lakhs, free lost baggage insurance of Rs. 1 lakh, and other travel insurance covers.
International Lounge Access
N/A
Reward Redemption
1 Reward Point = ₹0.50 for Redemption Against Cash Credit
Fees & Charges
Interest Rates
3.83% per month (46% per year)
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 100
Cash Advance Charges
2.5% of the transaction amount (Minimum charge of Rs. 500)
Foreign Currency Markup
1.80 +GST
Fuel Surcharge
1% of Fuel Surcharge Waiver applicable at all fuel stations across India.
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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