Rewards
- Base reward rate: 1 pt/₹100 (5 pts/₹100 on utility)
- Redemption options: cashback
Fees & Charges
- Joining fee: 0
- Annual fee: 500
Pros
- Earns an accelerated 5X reward rate (5 reward points per ₹100 spent) on utility bill payments (MCC 4900).
- Zero joining fee (₹0) makes the card highly accessible for entry-level users.
- Annual fee of ₹500 is waived upon reaching a spending threshold of ₹50,000 in a year.
- Offers a welcome bonus of 500 reward points upon spending ₹5,000 within the first 60 days of card issuance.
- Includes a complimentary Air Accident Cover of ₹15.0 Lakhs.
Cons
- The 5X utility reward is capped at 1,000 points per month, restricting the accelerated benefits to a maximum monthly utility spend of ₹20,000.
- Low base reward rate of just 1 reward point per ₹100 spent on non-utility transactions.
- High interest rate of 3.75% per month (45.00% p.a.) and a 3.50% forex markup fee make it expensive for carrying balances or international spending.
- Reward points are completely excluded on select MCCs and fuel transactions.
Best Use Case
Value-conscious consumers looking to earn rewards on utility bill payments with a low annual fee.