The IndusInd Indulge is a by-invitation super-premium card — India’s first with a 22-karat gold inlay and no pre-set spending limit. It is not sold as an instant-approval retail product.
How to get an invitation
- Bank with IndusInd. Income criteria are relaxed substantially if you already hold an IndusInd savings account or credit card — the relationship is the easiest route in.
- Apply on a card-on-card basis. Holders of a strong existing credit card can be considered for Indulge with a base limit around ₹5 lakh.
- Meet the income bar if applying fresh: ₹36 lakh a year (salaried) or ₹42 lakh (self-employed), as IndusInd’s page states.
- Ask your IndusInd RM to put you forward once your relationship or card history qualifies.
What issuers look for
- ₹36 lakh/year salaried or ₹42 lakh/year self-employed (relaxed for existing customers)
- Existing IndusInd account or credit card
- Strong CIBIL; HNI profile
The income figure is the bank’s own, from its Indulge product page; the other points are observed patterns.
In-depth review
IndusInd Bank Indulge Credit Card
India's first 22-karat gold-inlay card, by invitation, with no pre-set spending limit. The lifestyle bundle is genuinely deep for the tier — four international lounge visits a quarter, four golf games and four lessons a month, and a low 1.8% forex markup. Earning is the weak half at about 0.5%, and three of the headline perks are spend-gated in ways that bite.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
0.5% on Other
Earns 1 reward point per ₹100 on eligible spends (~0.5% at ₹0.50/point); the card is positioned for status, no-preset-limit flexibility and lifestyle perks rather than reward rate
0.35% on Education
0.7 reward points per ₹100 on education institute fees since 20 January 2022, down from the base 1 point per ₹100. IndusInd exempts the Indulge from the rental cut, so rent still earns the base rate
Airport Lounge Access
4 complimentary international lounge visits per calendar quarter through Priority Pass (since 13 March 2025), plus up to 6 domestic visits a quarter — domestic access unlocked from the July 2026 quarter only by ₹5,00,000 of spend in the previous quarter
Annual Fee Waiver
Fee of ₹10,000 + 18% GST (₹11,800 all-in)/yr fully waived when you spend ₹10,00,000/year
Golf Privileges
From 10 March 2026: 4 complimentary golf games and 4 complimentary lessons per month at select courses, each conditional on ₹25,000 of spend in the previous billing statement; unused entitlement does not carry forward
24x7 Concierge
24x7 concierge with curated dining, travel and lifestyle privileges
Insurance Cover
Travel insurance, personal accident cover and lost-card liability — a separate line item from the air-accident cover, which IndusInd discontinued across its credit cards on 21 December 2025
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
6 rounds
Golf rounds/year
₹40,000
Golf perk value
- 24x7 lifestyle and travel concierge
- 6 complimentary golf rounds/year at partner courses
- Travel insurance and accident cover
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
✓
Domestic lounges
Priority Pass
International lounges
₹24,000
Estimated annual value
1.8%
Forex markup
- Domestic + international airport lounge access (worth ~₹24,000/yr)
- Low forex markup: 1.8%
- Travel insurance cover included
For high-net-worth individuals — especially existing IndusInd customers — who want a no-preset-limit status card with lounge, golf and concierge benefits, and who value the prestige of the 22K gold inlay. Not a rewards-maximiser.
Full reward structure
What you earn on every rupee, per spend category — as of 24 Oct 2026. Rates assume 1 pt = ₹0.50. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 0.5%1 pts/₹100 × ₹0.50 | — |
| Education | reward points | 0.35%0.7 pts/₹100 × ₹0.50 | — |
| Government & Tax | reward points | 0.35%0.7 pts/₹100 × ₹0.50 | — |
| Insurance | reward points | 0.35%0.7 pts/₹100 × ₹0.50 | — |
| Utility Bills | reward points | 0.35%0.7 pts/₹100 × ₹0.50 | — |
Other: Earns 1 reward point per ₹100 on eligible spends (~0.5% at ₹0.50/point); the card is positioned for status, no-preset-limit flexibility and lifestyle perks rather than reward rate
Education: 0.7 reward points per ₹100 on education institute fees since 20 January 2022, down from the base 1 point per ₹100. IndusInd exempts the Indulge from the rental cut, so rent still earns the base rate
Government & Tax: 0.7 reward points per ₹100 on government services since 20 January 2022, down from the base 1 point per ₹100
Insurance: 0.7 reward points per ₹100 on insurance premium payments since 20 January 2022, down from the base 1 point per ₹100
Utility Bills: 0.7 reward points per ₹100 on utility bill payments since 20 January 2022, down from the base 1 point per ₹100
Earns nothing on: Fuel
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 24 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹11,800 |
| Joining fee (incl. 18% GST) | ₹88,500 |
| Finance charge (APR) | 1.79% p.m. |
| Forex markup | 1.8% |
| Reward redemption fee | ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹72,960/yr in total.
4 complimentary international lounge visits per calendar quarter through Priority Pass (since 13 March 2025), plus up to 6 domestic visits a quarter — domestic access unlocked from the July 2026 quarter only by ₹5,00,000 of spend in the previous quarter
From 10 March 2026: 4 complimentary golf games and 4 complimentary lessons per month at select courses, each conditional on ₹25,000 of spend in the previous billing statement; unused entitlement does not carry forward
1% fuel surcharge reversal on fuel transactions between ₹500 and ₹10,000, with no capping on the reversal — note separately that the fuel spend itself earns no reward points
24x7 concierge with curated dining, travel and lifestyle privileges
Travel insurance, personal accident cover and lost-card liability — a separate line item from the air-accident cover, which IndusInd discontinued across its credit cards on 21 December 2025
Should you get it?
- Best for: Existing IndusInd Bank customers seeking a status card, HNIs who value a no-pre-set-limit card and lifestyle perks, Golfers who will use four games and four lessons a month, Those drawn to the prestige of the 22K gold inlay
- Super Premium tier — built for high spenders who want top-end perks.
- Strongest value if you spend heavily on everyday spends (0.5% back).
- Frequent travellers benefit from the included airport lounge access.
Pros & cons
✓ Pros
- India's first card with a 22-karat gold inlay
- No pre-set spending limit — dynamic authorisation against your profile
- 4 international lounge visits a calendar quarter via Priority Pass, plus up to 6 domestic visits a quarter once the spend criteria are met
- Four complimentary golf games and four lessons a month — the joint-largest golf entitlement in the IndusInd range
- The ₹10,000 annual fee is reversed on ₹10 lakh of spend in the last anniversary year
- The lowest finance charge in the IndusInd range at 1.79% a month
- Income criteria relaxed for existing IndusInd customers; available on a card-on-card basis
✕ Cons
- Unremarkable reward earning (~0.5%), though the 1.8% forex markup is low for the tier
- Fuel earns no reward points, and utility, insurance, government and education spends earn a reduced 0.7 points per ₹100
- Domestic lounge access is spend-gated from the July 2026 quarter — ₹5,00,000 in the previous quarter
- Golf is conditional — each month's four games and four lessons need ₹25,000 of spend in the previous billing statement, and unused entitlement does not carry forward
- From 15 June 2026 a 1% + GST fuel surcharge applies above ₹50,000 of fuel spend per statement cycle, and 1% + GST on ground-transport spends above ₹40,000 per cycle
- Accepting dynamic currency conversion abroad (being billed in rupees) costs a further 1% + GST on top of the forex markup
- High fees for the everyday value delivered
- By-invitation — easiest for existing IndusInd account or card holders
Eligibility
IndusInd Bank states one eligibility figure for this card: an income of ₹36 lakh a year (salaried) or ₹42 lakh (self-employed), set out in its Indulge product page. Beyond that there is no public application form, so there is nothing else to qualify for in the usual sense. Meeting the figure makes you someone the bank may offer the card to; it does not open an application.
What actually decides an invitation is the relationship behind it — balances held with the bank, spend on an existing card, and the banking segment you sit in. We set those signals out in how to get an invitation above, labelled for what they are: the one published figure, and observed patterns for the rest.
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Redeem reward points via the IndusInd rewards catalogue for vouchers and products
- 🎁Statement credit / cash credit on eligible reward redemptions (min 500 points, ₹149 + GST redemption fee, maximum 10,000 points per calendar month, and no more than 50% of your points balance per redemption since 1 April 2025)
What your IndusInd Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Above-average base value
Brand & e-gift vouchers
Three partners only — Air India Maharaja, Singapore KrisFlyer and Club ITC. Ratios are per-card AND per-partner: Air India is 1:1 on Pioneer Private & Tiger (⇒ ₹1/pt), 2:1 on Pinnacle/Heritage/Indulge, 4:1 on Legend. KrisFlyer is 1:1 on Pioneer Private but 4:1 on Tiger — the same card, a different partner. Club ITC 1:1 is Pioneer Private only. Capped at 10,000 pts/month to KrisFlyer.
✈ Transfer partners
Direct transfers from this card only, ranked by what a point is worth in the destination programme. Full calculator, every currency →
Reward earning is unremarkable — though the 1.8% forex markup is low — so the value rests on the status, the no-preset-limit flexibility and the lifestyle perks — and on securing an invitation, which is far easier for existing IndusInd customers.
Frequently asked questions
How do I get the IndusInd Indulge?
What is special about the card?
Is it a good rewards card?
Is the annual fee waived?
How has the IndusInd Bank Indulge Credit Card changed over time?
Has the IndusInd Bank Indulge Credit Card been devalued recently?
When did the IndusInd Bank Indulge Credit Card's fees last change?
How did the IndusInd Bank Indulge Credit Card change in 2025?
The bottom line
The Indulge is a status-and-flexibility card: the 22K gold inlay and no-pre-set-limit positioning are its real draw, backed by a solid lounge, golf and concierge bundle. Existing IndusInd customers are the natural audience, since the otherwise-steep income bar is relaxed for them.
How this page was built
Counted from this card’s own record: 5 earn rules, the spends listed as earning nothing and 5 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 24 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the IndusInd Bank Indulge Credit Card are taken from IndusInd Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 24 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for IndusInd Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Read more
Guides and reviews related to this card.
IndusInd Bank Indulge Credit Card
India's first 22-karat gold-inlay card, by invitation, with no pre-set spending limit. The lifestyle bundle is genuinely deep for the tier — four international lounge visits a quarter, four golf games and four lessons a month, and a low 1.8% forex markup. Earning is the weak half at about 0.5%, and three of the headline perks are spend-gated in ways that bite.
IndusInd Bank Crest Credit Card
An invite-only super-premium card that is a relationship product, not a rewards engine. Its strengths are real — a ₹0.75-per-point value, a discounted 1.8% forex markup and a monthly golf allowance — but the base earn rate is modest and the domestic lounge visits are gated behind ₹5 lakh of spend every quarter.
American Express Centurion Card
The Black Card — invitation-only, roughly 200 holders in India, and about ₹11.5 lakh all-in in year one including GST. Judged on rewards per rupee it is poor value and nobody serious pretends otherwise. Judged on what it actually sells — dedicated concierge, top-tier hotel and airline status, unlimited Centurion Lounge access — it is in a category of one. You cannot apply for it.
IndusInd Bank Celesta Credit Card
A super-premium American Express card whose real value is unlimited domestic lounge access, two international Priority Pass visits a quarter and a monthly golf game — not its everyday rate, and not a welcome gift, because IndusInd publishes no brand or value for the one its ₹25,000 joining fee buys. Points redeem at a strong ₹0.75 each, but cash redemption is capped at 10,000 points a month, and the 3.5% forex markup makes it a poor card to actually carry abroad despite the 3x international earn.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2013 · last change Jun 2026
2026
- ▼ FeeEffective 15 Jun 2026
New transport surcharge; late-payment grid revised
No transport surcharge→1% + GST transport surcharge above ₹40k/cycle
Effective 15 June 2026 IndusInd added a 1% + GST transport surcharge on cumulative transport spends (MCC 4111/4112/4784/4131) above ₹40,000 per statement cycle and revised the late-payment charge grid. As a premium card the Indulge kept its higher ₹50,000 fuel-surcharge threshold and 1% DCC fee, so the harsher fuel (₹30k) and 2% DCC changes that hit standard variants did not worsen it.
Verification: IndusInd Bank ↗ · Confidence: High
2025
- ▼ BenefitEffective 21 Dec 2025
Complimentary air-accident insurance withdrawn
Complimentary air-accident cover provided with the card→No air-accident cover
On 21 December 2025 IndusInd discontinued the complimentary air-accident insurance feature across its credit cards, stating simply that the coverage "stands discontinued". The bank published no replacement and named no exempt card. Note that several IndusInd product pages still described the cover months afterwards — the Avios, Duo, Pioneer Private and Platinum pages all still advertised it in August 2026 — so a reader may encounter the old wording on IndusInd's own site; the dated withdrawal notice is the operative statement. Other insurance benefits are unaffected: lost-card liability, Total Protect fraud cover, travel insurance and purchase protection continue where the card carried them.
Verification: IndusInd Bank ↗ · Confidence: High
- ▼ RedemptionObserved 25 Mar 2025 · Effective 1 Apr 2025
Redemption fee raised; Pay-with-Rewards value cut
Cash redemption fee ₹100; no balance cap→₹149 + GST cash redemption; twid per-txn fees; 50%-of-balance cap
A portfolio-wide reward devaluation effective 1 April 2025 raised the cash-credit redemption fee to ₹149 + GST (the Indulge is not among the exempt cards), added per-transaction twid 'Pay with Rewards' fees, cut the twid threshold from the 2nd transaction (15% to 12.5% on travel, 10% on other), imposed a 50%-of-balance cash-redemption cap, pulled back points on delinquency, and ended bonus points on fractional spends.
Verification: IndusInd Bank ↗ · Confidence: High
- ▼ TransferEffective 21 Jan 2025
InterMiles redemption route discontinued
Points → InterMiles→InterMiles route withdrawn
IndusInd discontinued converting reward points to InterMiles across its credit cards, including the Indulge, effective 21 January 2025 — removing a long-standing airmiles redemption route. The Indulge was not among the cards later enabled for the replacement KrisFlyer transfer partner, so it lost airmiles conversion entirely.
Verification: CardAdvisor Research · Confidence: High
2024
- ▼ RedemptionEffective 1 Sept 2024
Cash redemption capped at 10,000 points/month
Uncapped cash redemption→Max 10,000 RP/calendar month (Indulge)
From 1 September 2024 IndusInd capped reward-point redemption against cash credit at 10,000 points per calendar month on the Indulge (versus a 5,000-point cap on the Legend and Tiger) — the first hard ceiling on burning Indulge points for statement credit. Catalogue and product redemptions on IndusMoments stayed uncapped.
Verification: CardAdvisor Research · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/indusind-indulge#value-timeline">IndusInd Bank Indulge Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).