Base reward rate: Earn 1.6 EDGE points per ₹100 on most spends, with 16 EDGE points per ₹100 on apparel and departmental stores.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.20
Fees & Charges
Joining fee: 1000
Annual fee: 1000
Pros
Excellent welcome bonus of 5,000 EDGE REWARD points on a low spend of just ₹1,000 within 30 days, which effectively offsets the ₹1,000 joining fee.
Strong accelerated rewards of 10X points on every ₹125 spent at all apparel and departmental stores, making it highly valuable for frequent shoppers in this category.
Generous milestone benefit of 1,500 bonus EDGE reward points for achieving a net spend of ₹30,000 in a statement cycle, boosting the overall reward rate for consistent users.
Good domestic travel perk with 2 complimentary lounge visits per quarter without any minimum spending requirement, which is above average for this fee segment.
Provides tangible lifestyle benefits including a 30% discount on Swiggy and a 15% discount (up to ₹500) at partner restaurants.
Cons
The base reward rate is very low at 2 EDGE points per ₹125, translating to an effective value of approximately 0.32%, which is uncompetitive for general spending.
Carries a very high interest rate of 4.63% per month (55.55% p.a.), making it a costly option for customers who revolve their credit balance.
Fuel transactions are completely excluded from earning reward points, diminishing the overall value of the 1% fuel surcharge waiver (capped at ₹400/month).
Best Use Case
Consumers seeking accelerated rewards on shopping, dining discounts, and domestic lounge access.