Is IndusInd InterMiles Odyssey Amex Credit Card Worth It? Benefits, Drawbacks, Fees, Eligibility, And More - An Unbiased Review
- Abhijeet Saxena
- Nov 25, 2024
- 3 min read
IndusInd has launched some of the most unique credit cards in India such as the IndusInd The IndusInd InterMiles Odyssey Amex Credit Card stands out in the crowded credit card market, drawing attention for its travel rewards and appealing features. If you're a travel enthusiast or someone who enjoys gathering points for future trips, this card might be worth considering. Let's take a closer look at its benefits, drawbacks, associated fees, and eligibility criteria.
Benefits of IndusInd InterMiles Odyssey Amex Credit Card
Reward System
The value of 1 InterMile is not exact; it depends on the flight you are trying to book. It varies from INR 0.17 to INR 0.50.
Creditcard holders will get 12 InterMiles on weekends when booking flights and hotels through InterMiles.com. Cashback rate: Up to 6.00%.
Creditcard holders will get 6 InterMiles on weekends when booking ticket on any other platform on every INR 100 spent through the credit card. Cashback rate: Up to 3.00%.
Creditcard holders will get 4 InterMiles on weekdays on booking air tickets on any other platform. Cashback rate: Up to 2%.
Movie Benefits
Creditcard holders will get Buy 1 movie ticket and get 1 movie ticket free offer once every month on BookMyShow, the maximum discount one can avail is capped at INR 200 per month.
Travel Benefits
Creditcard holders will get complimentary membership of Priorty Pass.
Creditcard holders will get free access to domestic lounges 4 times per year.
Air accident cover up to INR 25 Lakh.
No fuel surcharge.
Creditcard holders can get TravelPlus program membership by paying INR 5,000, which has free access to international lounges 8 times a year and travel insurance.
Drawbacks of the IndusInd InterMiles Odyssey Amex Credit Card
While there are many advantages, there are also some drawbacks to consider.
One concern is the complicated mileage redemption process. As mentioned previously value of 1 miles earned as a reward is not fixed it depends on flight you are booking. This additional layer of complexity confuses certain creditcard users.
The users are required to pay INR 5,000 for TravelPlus program separately, in order to avail free access to international lounges 8 times a year. This additional fee will limit the appeal of the card, since many premium credit cards offer free international lounge visits without any fee.
Additionally, the acceptance of American Express cards can be an issue. Studies show that about 30% of merchants do not accept Amex cards, which could pose a problem during travel or online shopping when you may need reliable card acceptance.
Lastly, the card has limited non travel perks.
Fees and Charges Associated with the Card
Understanding the fees tied to any credit card is essential.
Joining Fee: INR 10,000.
Annual Fee: INR 4,000 .
Interest rate: 3.83% per month, 46% annually
Late Payment Fee: Between INR 100 and INR 1300 depending on the amount unpaid.
Foreign Currency Markup Fee: 3.5%.
Add-on card fee: NIL
Eligibility Criteria for the IndusInd InterMiles Odyssey Amex Credit Card
The IndusInd InterMiles Odyssey Amex Credit Card is available only through invitation.
Final Thoughts
The IndusInd InterMiles Odyssey Amex Credit Card offers a compelling package for travelers seeking robust rewards and benefits. However, it has limited appeal for non-travellers since the reward points are in the form of intermiles. Additionally, it offers great perks for travellers such as membership of Priority Pass. Overall, with an attractive rewards program, numerous travel perks, and added insurance coverage, this card is built to enhance your travel experience.
However, it is essential to weigh the advantages against the costs and potential hurdles. Factors like annual fees, redemption issues, and acceptance limitations should be thoroughly considered.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating click here.
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