Base reward rate: Earn 2 CashPoints for every Rs. 200 spent, with 5X CashPoints on spends above varying thresholds (e.g., Rs. 10,000 on Spark5 variant).
Redemption options: value
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 499
Annual fee: 499
Pros
Base reward rate of 2 CashPoints for every Rs. 200 spent
5X CashPoints on spends above Rs. 10,000 on Spark5 variant
5X CashPoints on spends above Rs. 15,000 on Spark10 variant
5X CashPoints on spends above Rs. 20,000 on Spark20 variant
Bonus CashPoints as welcome and milestone benefits (differs across card variants)
Complimentary lounge access with no minimum spend requirement
Complimentary guest lounge access included
Cons
The base reward rate of 2 CashPoints per ₹200 is very low, translating to an effective return of just ~0.25% (assuming a standard redemption value), which is significantly below the 1% baseline expected in this segment.
The accelerated 5X rewards only activate after a monthly spend threshold is met (e.g., ₹10,000 on Spark5), meaning the initial, and often substantial, portion of your monthly spending earns at the poor base rate.
Carries a high interest rate of 4.00% per month (48.00% p.a.), which is higher than the ~3.6% charged by many competing major banks.
The high forex markup fee of 3.50% makes the card expensive for international transactions, offering no advantage over standard entry-level cards.
Best Use Case
Consumers seeking premium lifestyle benefits, accelerated rewards on high spends, and extensive travel and entertainment perks.