Indigo has been promoting Credit score Playing cards by means of HDFC Financial institution since previous 2 years and thru Kotak Financial institution lately. Whereas the playing cards on fast look does look first rate, there are lots of ache factors related to the cardboard in actual life expertise.
With a little bit of inputs from an present Indigo Credit score Card (Kotak) buyer, I can say that Indigo bank cards wont promote “effectively” out there as a lot because it might. Listed below are 5 the explanation why:
1. Too many circumstances
From incomes rewards to redeeming them, there are numerous restrictions. Listed below are some,
- Earned Factors takes 90+ days to get credited to 6E rewards Ac
- You possibly can’t redeem factors for tax a part of the flight ticket.
- Welcome voucher has its personal limitations too
In-fact the individual holding the Kotak Indigo card says that the factors takes way more than 90 days.
Up to now we all know these and I don’t know if there are any extra unknown complexities. Such restrictions consumes quite a lot of our psychological sources and it’s a giant no should you choose peace of thoughts!
2. Non-attractive rewards
:: Common spends: 2% is bit low for an airline bank card, we must always ideally get someplace round 5% to start with, within the airline rewards sport.
That’s how different airline playing cards like Air India and Vistara playing cards are designed as effectively, at-least the premium ones. Perhaps Indigo might have had their premium playing cards priced at 5K or 10K for that matter, as that’s a part of the rationale too.
:: Indigo spends: Whereas 6% (on 6E Rewards XL) is sweet on paper, factors are earned solely on “airfare prices” (excludes airport price, GST, comfort price, and so forth), so it doesn’t really give 6% on airline spends, as beneath:
Similar goes for redemption as effectively, you possibly can redeem 6E rewards just for base fare.
3. Non-transparent rewards
Whereas incomes factors is bit sophisticated as above, it will get much more sophisticated when you possibly can’t see what number of factors you bought for a txn, atleast on Kotak playing cards.
This could doubtlessly damage your reward price within the background as you by no means know on what calculation the factors are getting posted.
I assume neither Kotak nor Indigo may have this info available, if requested. Even when they’ve, we finish customers don’t have time for that.
4. No elite perks
The idea of “premium” airline card is supposed to serve the frequent flyers with elite perks. Doing so the airline might entice a number of the premium flyers flying with different airways. However surprisingly Indigo XL playing cards have none of them,
- No free seats
- No free meals
- No free quick ahead
- No 6E prime
- No meet & greet
I don’t know why they didn’t hassle about including some or all of those perks however it’s a giant mistake for my part.
5. No USP
If you happen to look intently, the cardboard is rather like every other cashback bank card, besides that it’s restricted to Indigo and of-course wrapped with plenty of t&c.
There isn’t a main USP I can consider, aside from the accelerated earn price on Indigo spends, however that too is hard as we’ve seen earlier than.
Finish of the day, I don’t see a single purpose to get the cardboard whereas I can get pleasure from 2% cashback (direct to card) utilizing Axis Ace and if I have to ebook a flight, I can anyday goto Cleartrip or different portals and use 10% or 20% coupons and ebook the tickets.
There must be a purpose for going by means of all of the wrestle however I don’t see any.
Remaining ideas
These sort of playing cards by no means work out within the trade and we’ve seen it already with the HDFC millennia bank card, which the financial institution needed to re-launch it by eradicating the foolish limits for the cardboard to shine vivid like a diamond, effectively, at-least like a silver, no surprise it discovered a spot in our finest playing cards checklist for 2022.
So, if Indigo and the accomplice banks determine to refresh the product, it could make sense. Else, I don’t suppose it would have a reputation within the historical past.
What do you concentrate on the Indigo bank cards? Be happy to share your ideas within the feedback beneath.
