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Tiger Credit Card

Annual Fee

FREE

Rewards/₹100

₹0.40 - ₹2.40

Normalized to balance base rate with bonus categories

Interest Rate

42.00%

Credit Score

750+

At a Glance

Key Benefits

Up to 6X rewards, 1.5% forex, golf/quarter, movie/6mo, 1% fuel waiver, Rs.25L insurance, concierge

Lounge Access

8 domestic (2/quarter via DreamFolks) + 2 international/year (Priority Pass)

Eligibility

Age: 21-60 years, Income: Rs.30K+/month, Credit Score: 750+, Indian national/resident/NRI

Quick Details

Annual Fee
FREE #1
Joining Fee
FREE #1
Interest Rate
42.00% p.a. #108
Forex Markup
1.50% #18
Rewards/₹100
₹0.40 - ₹2.40 #138
Reward Type Reward Points
Reward Currency Points
Domestic Lounge Visits
2/year #92
International Lounge Visits
2/year #41
Min Credit Score
750+ #186
Min Monthly Income ₹25
Network VISA
Card Replacement Fee 100
Late Payment Fee ₹100
Over Limit Fee ₹500 2.50% (min ₹500)
Cash Advance Fee ₹300 2.50% (min ₹300)
Card Replacement Fee ₹100

Reward Structure

Partner

Up to Rs.1 Lakh annual spend

₹0.40 /₹100
Partner

Rs.1-2.5 Lakhs annual spend

₹0.80 /₹100
Partner

Rs.2.5-5 Lakhs annual spend

₹1.60 /₹100
Partner

Above Rs.5 Lakhs annual spend

₹2.40 /₹100

Reward Calculator

Allocate by Category 100%
Up to Rs.1 Lakh annual spend
1.0 pts
40% ₹0
Rs.1-2.5 Lakhs annual spend
2.0 pts
25% ₹0
Rs.2.5-5 Lakhs annual spend
4.0 pts
20% ₹0
Above Rs.5 Lakhs annual spend
6.0 pts
15% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Milestone Benefits

Welcome Bonus

Rs.250 Paytm recharge and bill payment voucher (promotional offer - check eligibility)

₹250

value

Airport Lounge Access

Domestic Free
2

visits per quarter

DreamFolks Program - 8 domestic lounge visits per year (2 per quarter)

International Free
2

visits per year

Priority Pass - 2 complimentary international lounge visits per year

Insurance Coverage

Air Accident

₹25,00,000

Personal accident insurance cover up to Rs.25 lakhs

Lost Card

₹5,00,000

Total Protect Program: Insurance coverage up to 48 hours prior to reporting theft/loss, protection against counterfeit fraud

Other

₹0

Travel insurance and emergency assistance services for trip cancellations and emergencies

Lifestyle Perks

Golf

1 /quarter

One complimentary golf game or lesson per quarter at select golf courses in India

Movie

1

One complimentary movie ticket up to Rs.500 on BookMyShow every 6 months

Concierge

1

24/7 concierge service for flight bookings, car rental, limousine service, sports and entertainment bookings

Other

1

1% fuel surcharge waiver on all fuel stations (Rs.400-4,000 transactions)

Quick Analysis

The IndusInd Tiger Credit Card is an excellent lifetime free card for users with high annual spending. Its tiered reward structure means the card becomes significantly more rewarding as you spend more - reaching 6X rewards (2.4% return) on spends above Rs.5 lakhs annually. Combined with low forex markup, lounge access, and lifestyle benefits like golf and movies, this is one of the best no-fee cards in India. However, low spenders (under Rs.1 lakh/year) will only earn 1X rewards, making it less attractive for that segment.

Pros

  • Lifetime free - no joining or annual fee
  • Tiered rewards up to 6X (6 points per Rs.100)
  • Good point value at Rs.0.40 per point
  • Low forex markup of only 1.5% (vs 3.5% industry standard)
  • 8 domestic lounge visits per year (2/quarter via DreamFolks)
  • 2 international lounge visits per year (Priority Pass)
  • 1 complimentary golf game/lesson per quarter
  • 1 free movie ticket (up to Rs.500) every 6 months
  • 1% fuel surcharge waiver (Rs.400-4,000 transactions)
  • Personal accident insurance up to Rs.25 lakhs
  • Total Protect fraud protection program
  • 24/7 concierge service
  • 50-day interest-free period

Cons

  • Rewards capped at spending tiers (need Rs.5L+ annual spend for 6X)
  • Reward points expire after 24 months
  • No rewards on fuel, utilities, insurance, EMI, education, govt payments
  • Cash redemption limited to Rs.5,000 per month
  • InterMiles redemption discontinued from Jan 21, 2025
  • Redemption fee: Rs.149 for cash, Rs.100 for other categories (from April 2025)
  • High APR of 42% per annum
  • 1% + GST fee on rent payments
  • Lower reward rates below Rs.1 lakh annual spend (only 1X)
  • Requires Rs.30K monthly income (higher than some LTF cards)

Best For

High spenders seeking lifetime free card with premium benefits and low forex markup

Not Ideal For

Low spenders (under Rs.1L annually) or those who spend primarily on fuel/utilities

Frequently Asked Questions

Is the IndusInd Tiger Credit Card really lifetime free?
Yes, the IndusInd Tiger Credit Card is completely lifetime free with zero joining fee and zero annual fee. There is no minimum spend requirement to waive the annual fee.
How does the tiered reward structure work?
The card offers 1X rewards (1 point per Rs.100) for annual spends up to Rs.1 lakh, 2X for Rs.1-2.5 lakhs, 4X for Rs.2.5-5 lakhs, and 6X for spends above Rs.5 lakhs annually. Each point is worth Rs.0.40, making the maximum return 2.4% at the highest tier.
What transactions do not earn reward points?
Reward points are not earned on fuel, wallet loads, utility bill payments, insurance premiums, EMI conversions, education fees, government payments, real estate, and rental payments.
What is the forex markup on international transactions?
The IndusInd Tiger Credit Card charges only 1.5% forex markup plus GST (approximately 1.8% total), which is significantly lower than the industry standard of 3.5%. This makes it excellent for international travel and online shopping.
How many lounge visits do I get?
You get 8 complimentary domestic lounge visits per year (2 per quarter) through the DreamFolks program, and 2 complimentary international lounge visits per year through Priority Pass, giving access to 600+ lounges worldwide.
Do reward points expire?
Yes, reward points earned with the IndusInd Tiger Credit Card expire after 24 months from the date of earning. Make sure to redeem your points within this period.
What are the redemption options and fees?
Points can be redeemed against outstanding balance (max Rs.5,000/month), converted to KrisFlyer Miles (400 points = 120 miles), or for other rewards. Redemption fees: Rs.149 for cash, Rs.100 for other categories (effective April 2025). Note: InterMiles redemption is discontinued from Jan 21, 2025.
What is the minimum income required?
The minimum monthly income required is Rs.30,000 for salaried individuals. Self-employed individuals need to meet similar income requirements with supporting documentation.

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