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IndusInd Bank Pioneer Legacy Credit Card

by Kshitiz V Sharma on

The Bottom Line

IndusInd Bank Pioneer Legacy Credit Card
High Joining Fee, Low Rewards

2 reward Points / ₹100 on weekends, 1 points on all spend on weekdays and 0.70 points on selected categories.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield -13.8%^ -6.2%^ -2.4%^ -0.1%^ 0.7%
Est. Monthly Reward (₹) (695) (620) (475) (45) 690
All-India Rewards Rank* 367 368 372 373 200
Within Bank Rank* 18 18 18 19 11
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.

^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.

The IndusInd Bank Pioneer Legacy Credit Card gives 2% effective reward on all spending on weekends, 0.70% on selected categories (government services/charges, utility bill payments, insurance payments, and educational institutions fees) and 1% on all spending on weekdays.

Overall, we estimate you can earn a net reward yield of 0.7% on spending above ₹1 lacs with this card in a month.

The Pioneer Legacy has no annual fee but it does have a very high joining fee of ₹45,000, which is very high for a card with relatively low rewards.

The Legend Credit Card is the best credit card from IndusInd Bank for customers who charge less than ₹1 lacs a month to their cards.

We estimate it offers a net reward yield of 1.0% on all your spending.

If you spend more than ₹1 lacs a month on your card, you should get the Club Vistara IndusInd Bank Explorer Credit Card. This card offers a net reward yield of 1.3% which is better than the Legend at this level.

Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.

The Rewards

Card IndusInd Pioneer Legacy Credit Card
Card Type Reward
Reward Features 2 Reward Points / ₹100 on all Spend on weekends

1 Reward Points / ₹100 on all Spend on weekdays

0.70 Reward Points / ₹100 on Selected categories
– Government services/charges
– Utility bill payments
– Insurance payments
– Educational Institutions fees

Milestone Rewards 6,000 points on ₹6 Lacs spends
Other Rewards – 2 Complimentary Domestic Airport Lounge Visits / Qtr.

– 2 Complimentary International Airport Lounge Visits / Qtr.

– 12 Complimentary Golf Games / Year

– 1+1 on movie tickets up to3 Tickets / mth. (Capped at ₹200)

– 25% off on event/movie bookings on BookMyShow

Rewards Redemption Fee ₹100
Reward Caps Unlimited
Preferred Redemption Method Cashback against statement balance @ ₹1 / reward point

Fees & Charges

Card IndusInd Pioneer Legacy Credit Card
Joining Fee ₹45,000 + Taxes
Annual Fee Nil
Min. Annual Credit Card Spend
for Fee Waiver
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 46.00% p.a.
Foreign Currency Markup 1.80%
Cash Advance Charge 2.50% transaction amount minimum of ₹500
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