Base reward rate: 1 point per ₹100 on general spends, up to 12 points per ₹100 on select e-commerce and bill payments.
Redemption options: Bill payments, Gift cards and travel bookings
Redemption value: 1 Pt = ₹4.00
Fees & Charges
Joining fee: 499
Annual fee: 499
Pros
Exceptional 12% reward rate on e-commerce and bill payments with select partners, which is significantly higher than any other card in this fee segment.
Excellent 5% reward rate across a broad set of high-frequency categories, including online shopping, food delivery, groceries, and travel.
Offers a strong 2.5% reward rate on UPI transactions made via the RuPay network on the CheQ app, a valuable and modern feature.
Provides a solid base reward rate of 1% on all other spending, ensuring the card remains rewarding for miscellaneous purchases.
The annual fee of ₹499 can be waived on annual spends of ₹3.0L, making it possible to use the card for free.
Cons
Completely lacks complimentary airport lounge access, a popular lifestyle benefit that is commonly available on competing cards in the sub-₹500 annual fee category.
The annual fee waiver threshold of ₹3.0L is high for a card with a ₹499 fee; many competitors offer waivers for spends between ₹1L and ₹2L.
The welcome bonus is a 3-month EazyDiner membership, which is a modest benefit that does not directly offset the ₹499 joining fee like cash-equivalent vouchers or points do.
Reward redemption options are limited to gift cards, travel, and bill payments, with no option for direct statement credit (cash back), which reduces flexibility.
Best Use Case
Consumers seeking accelerated rewards on UPI, e-commerce, bill payments, and everyday online spending.