Overview
IndusInd EazyDiner Credit Card is the first-of-its-kind co-branded food credit card. However, there were rumours that HDFC bank could soon launch a co-branded credit card with Swiggy but still no news as of date. Initially, Zomato with its Zomato Pro used to rule the restaurant and cafe reservation market, but with EazyDiner picking up multiple partner bank offers and low-cost EazyDiner prime membership with worth more benefits compared to Zomato Pro has changed the market game in favour of EazyDiner.
Even the Zomato Edition Classic and Zomato Edition Black Credit Card offer only Zomato Pro and Zomato Pro Plus memberships, respectively and nothing more in terms of discounts when used to settle restaurant bills.
IndusInd usually issues credit cards with joining fees and no annual fees. Still, this co-branded IndusInd EazyDiner Credit Card is different, with a fixed annual fee without any fee waiver criteria. The annual fees charged are justified compared to its benefits.
| Card Type | Mid-Segment |
| Joining and Annual Fees | Rs. 1999 + GST = Rs. 2359 |
| Card Category | Dining |
| Best for | EazyDiner app |
| Airport Lounge | Yes |
| Reward Rate | 0.8 – 2% |
Fees
| Joining Fees | Rs. 1999 + GST = Rs. 2359 |
| Joining Benefits | 2000 EazyPoints, EazyDiner Prime membership, Rs. 5000 worth The Post Card hotel stay voucher |
| Renewal Fees | Rs. 1999 + GST |
| Renewal Benefits | 2000 EazyPoints, EazyDiner Prime membership, Rs. 5000 worth The Post Card hotel stay voucher |
| Fee Waiver criteria | NIL |
A joining fee of ~Rs. 2400 seems high for a co-branded-only food app-specific credit card but is totally worth it if one is into outdoor dining with good EazyDiner partner restaurants in the area and movies.
The Post Card hotel stay voucher might not be of much use as no other offers could be applied while using the voucher, and these hotels are usually priced at Rs. 15-20k per night onwards.
Though this voucher can be redeemed against only the food bill, it is not possible to directly walk-in The Post Card hotel restaurant and settle this voucher against the food bill. A night stay is required to use the voucher.
2000 EazyPoints can be redeemed in EazyDiner app only, and their value is changed as per EazyDiner’s ongoing offers. But on the lower side, 1:5 could be considered. So 2000 EazyPoints would be worth ~ Rs.400.
Rewards
| Spend Category | Reward |
|---|---|
| Dining, Shopping and Entertainment | 10 EazyPoints / Rs. 100 spent ~2% |
| Regular rewards | 4 EazyPints / 100 spent ~ 0.8% |
| Excluded categories | Fuel |
| Reward Redemption Charges | NIL |
| Reward points validity | Card Anniversary |
Unlike other credit cards where the points come with an expiry of 1 year from the date of earned or calendar year, this IndusInd EazyDiner Credit Card has a unique point expiry at the end card anniversary month (T&C Link). This can be unclear, and we need to wait for IndusInd EazyDiner Credit Card to get a year old in the market to see any update notification to customers by IndusInd bank or EazyDiner app about EazyPoints expiry. These EazyPoints earned can be redeemed through the EazyDiner app only and not IndusInd bank’s IndusMoments website.
Unboxing of IndusInd Eazydiner Credit Card
All banks have given up their creativity for providing welcome kits after BNPL players like Uni and Slice started giving fancy Apple-like stickers within their welcome kits. This IndusInd credit card took the game to the next level as this is, so far, this is the biggest parcel I have received for any credit card welcome kit.
Being a dining-specific credit card, there are four tea coasters in the welcome kit. The parcel also encloses the postcard hotel voucher, Most Important Terms & Conditions (MITC), cardholder’s agreement, and a brief overview of the benefits of the IndusInd EasyDiner credit card.
Benefits
BookMyShow: Free two tickets worth Rs. 200 each every calendar month. Generally, quite a few cards in the market have a BOGO offer on BookMyShow, so considering the benefit of this card as Rs. 200 per month and a yearly benefit of Rs. 2400, it justifies the annual fees.
This free ticket offer on BookMyShow doesn’t have any quotas. So two free tickets worth Rs. 400 on IndusInd EazyDiner Credit Card can be purchased without any fear of quota like other banks / Visa Infinite offer has.
EazyDiner: Flat 25% up to Rs. 1000 per booking without any monthly limits. Axis Bank Magnus and above super premium credit card provide 40% off up to 1000 twice per month, and Axis Bank Privilege credit card provides 25% off up to Rs. 800 once every 15 days. These cards already come with high joining fees or high spend-based waiver criteria.
EazyDiner App
It is essential to know that these card benefits would only work when the mobile number on EazyDiner and the mobile number on the IndusInd EazyDiner credit card are the same. On approval of the credit card, 2000 EazyPoints would be auto-added to the EazyDiner account. The same can be redeemed for food vouchers worth Rs. 400 redeemable at EazyPay accepting restaurants.
IndusInd Bank only shares the joining date of the EazyDiner IndusInd Credit Card with EazyDiner. This can be used as a reference date for the redemption of EazyPoints.
Many restaurants are not a part of the EazyDiner Prime program but still accept payment via EazyPay. Such restaurants are also eligible for a 25% discount up to Rs. 1000, redemption and earning of EazyPoints.
Airport Lounges
Domestic: Eight (8) complimentary lounge access annually capped at 2 per quarter.
International: NIL
Check lounge access in your existing cards from here.
Application Process
As I already had IndusInd Pioneer Credit Card, I was not eligible for another open market credit card as per IndusInd Bank policy. So I had to opt for a secured IndusInd EazyDiner Credit Card, i.e., an FD-backed credit card.
The base credit limit of the IndusInd EazyDiner Credit Card is Rs. 75000. Unlike IDFC WOW! Credit Card gives 100% of the fixed deposit amount as a credit limit, and Indusind bank, on the other hand, gives 90% of the fixed deposit amount as the credit limit. So a least fixed deposit of Rs. 84000 is required to process IndusInd EazyDiner Credit Card.
The card can be applied in any of the following ways
- Online: It can be applied as a fresh card for those without an existing IndusInd bank credit card.
- Offline: Any existing IndusInd Bank credit card holder can upgrade/downgrade as per eligibility to IndusInd EazyDiner Credit Card.
- EazyDiner App: EazyDiner is aggressively promoting the card by showing the app banner to its users. The T&C, like an IndusInd bank customer, can have only one open market credit card, and acceptance of credit card applications would be as per IndusInd bank and not EazyDiner.
Final Thoughts
IndusInd EazyDiner Credit Card
Summary
As of now, IndusInd EazyDiner Credit Card only competes with RBL Bank Zomato Credit Cards as it is the only competing app to EazyDiner is Zomato. RBL Zomato Credit Card outperforms all super premium credit cards in birthday rewards, but it is a very underperforming credit card with a low reward rate during the remaining days. IndusInd EazyDiner Credit Card is excellent for EazyDiner and BookMyShow, but not much use on other spends with ~0.8% reward rate. Paying joining fees and annual fees of Rs. 2359 gives a benefit of Rs. 2800, considering movie benefits worth Rs. 200 per month and a food voucher worth Rs. 400.
Pro Tips
- Wallet loads and EMI earn a 0.8% reward rate on IndusInd EazyDiner Credit Card.
- BookMyShow benefits are counted per calendar month, and EazyPoints expires on the card anniversary month.
- Post-dated shows can be booked with IndusInd EazyDiner Credit Card on BookMyShow, i.e. on the 30th of the month, two free tickets worth Rs. 400 can be booked for a movie show on the 3rd of next month. This would be counted as the benefit when the ticket was booked and not as per the movie show date.
- Though there is no option for the IndusInd Eazydiner Credit Card lifetime free offer, I made a call to customer care and they reversed the annual fees of Rs. 1999 + GST without any argument.