IndusInd Bank has significantly revamped its credit card rewards program, marking a notable shift in their transfer partner ecosystem. Let’s analyze these changes and their impact on cardholders.
The Timeline of Changes
- October 24, 2024: Vistara removed as transfer partner following Air India merger
- Late 2024: Singapore Airlines KrisFlyer added as new transfer partner
- January 21, 2025: Intermiles partnership terminated
KrisFlyer Integration
The addition of KrisFlyer offers new opportunities for premium cardholders. The following cards now support KrisFlyer transfers:
- Nexxt Credit Card
- Legend Credit Card
- Platinum Aura Edge Credit Card
- Platinum Visa Credit Card
- Pinnacle Credit Card
- Tiger Credit Card
- Indulge Credit Card
- Crest Credit Card
- Pioneer Legacy Credit Card
- Pioneer Heritage Credit Card
- Celesta Credit Card
- Platinum Master Credit Card
New Transfer Ratios
IndusInd has introduced varied transfer ratios for KrisFlyer miles:
- 4:1 (4 reward points = 1 KrisFlyer mile)
- 2:1 (2 reward points = 1 KrisFlyer mile)
- 10:3 (10 reward points = 3 KrisFlyer miles)
Note: Specific ratios for each card can be checked in the Magnify app
What This Means for Cardholders
The removal of Intermiles as a transfer partner leaves KrisFlyer as the sole airline partner for IndusInd credit card rewards. While this might seem limiting, KrisFlyer’s extensive route network and Star Alliance membership could potentially offer better value for many travelers compared to Intermiles, which lacked a strong airline backing.
It’s encouraging to see IndusInd Bank actively expanding its transfer partnerships with the addition of KrisFlyer. We hope to see more airline and hotel partners join their ecosystem soon, providing cardholders with even more redemption options.