Discontinued for new applicants
IndusInd Bank Iconia Credit Card Review (Discontinued)
The IndusInd Iconia was a mid-range lifestyle card with a one-time issuance fee, no renewal fee and bonus points on weekend spending. IndusInd no longer issues it to new customers.
If you hold an Iconia, it costs nothing to keep each year, which makes it a reasonable card to retain for your credit history even if you use another card for daily spending.
- No renewal fee
- Weekend spends earn more
- Amex variant earns double the Visa rate
- Points worth ₹0.75 on product and voucher redemption
- 1% fuel surcharge waiver
- Discontinued for new customers
- Modest reward rate on the Visa variant
- Cash redemption at ₹0.50 per point, capped at 5,000 points a month
- Priority Pass no longer available (per current MITC)
- High interest (3.83% a month) and 3.5% forex markup
Fees and charges
| Item | Detail |
|---|---|
| Issuance fee | ₹3,499 (one time, for existing cardholders already paid) |
| Renewal fee | Nil |
| Add-on card | Nil |
| Interest | 3.83% a month |
| Forex markup | 3.5% |
| From 15 Jun 2026: rent | 1% fee on rent payments |
| From 15 Jun 2026: high-value spends | Fees on utilities above ₹25,000, wallet loads above ₹20,000, education above ₹45,000, transport above ₹40,000 and fuel above ₹30,000 per cycle (see MITC for rates) |
Rewards: how the card earns
| Variant | Weekend | Weekday |
|---|---|---|
| Visa | 1 point per ₹100 | 0.75 point per ₹100 |
| Amex | 2 points per ₹100 | 1.5 points per ₹100 |
Points are worth ₹0.75 each for products and vouchers and ₹0.50 as cash credit (cash capped at 5,000 points a month).
What earns nothing
Rent payments attract a 1% fee from 15 June 2026 under IndusInd’s revised charges. Check the MITC for the full exclusion list.
Other benefits
| Benefit | Detail |
|---|---|
| Lounge access | Not available per the current MITC (it was earlier offered on the Visa variant only) |
| Air-accident cover | Withdrawn from 21 Dec 2025 |
| Fuel surcharge waiver | 1% |
| Other | Roadside assistance and concierge as per card terms |
Eligibility
Issuer
IndusInd Bank
Status
Not available for new applications
Existing cardholders
No renewal fee
Replacement
Consider another IndusInd or issuer card
Who this card is for
- Good fit: existing holders who want a no-renewal-fee card to keep their credit history long.
- Skip if: you are looking for a new card — it is not available, and current cards offer more.
Alternatives worth comparing
- Best IndusInd credit cards
- IndusInd Platinum Aura Edge — lifetime-free alternative
- Best lifetime-free cards
- Closing a card without hurting your score
Final verdict
A legacy card that is cheap to keep. Hold on to it for your credit history if it costs you nothing, but use a better-rewarding card for everyday spending.
Frequently asked questions
Can I still apply for the IndusInd Iconia?
No. IndusInd has discontinued it for new sourcing.
Is there an annual fee?
No renewal fee applies. The ₹3,499 issuance fee was a one-time charge.
Does Iconia still give lounge access?
The current IndusInd MITC states that Priority Pass is not available on Iconia. Check with the bank before relying on it.
Which variant earns more points?
The Amex variant earns 2 points per ₹100 on weekends and 1.5 on weekdays, double the Visa variant.
Is air-accident insurance still included?
No. IndusInd withdrew it from 21 December 2025.
Last verified: October 2026, against IndusInd Bank’s MITC (terms effective 15 Jun 2026) and card benefit guide and the legacy Iconia product page. Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.