Base reward rate: 1% CashPoints on most spends, up to 3% on EMI and 2% on select categories like electronics and utility bills.
Redemption options: CashPoint
Redemption value: 1 Pt = ₹0.15
Fees & Charges
Joining fee: 500
Annual fee: 500
Pros
Strong Quarterly Milestone Bonus: Earn 2,000 bonus CashPoints (worth ₹2,000) on quarterly spends of ₹75,000, providing an excellent additional reward of ~2.67% on that spending threshold.
Accelerated Rewards on Key Business Spends: Offers 3% CashPoints on EMI transactions (up to 1,000 points/month) and 2% on utility bills, electronics, and Payzapp spends (up to 500 points/month).
Includes UPI Payments in Reward Program: Provides a 1% reward rate as CashPoints on UPI spends, a rare and valuable feature for an entry-level card in the Indian market.
Highly Achievable Annual Fee Waiver: The annual fee of ₹500 is waived on spending a modest ₹50,000 in a year, making the card effectively free for regular users.
Simple Welcome Offer: Receive a gift voucher worth ₹250, recovering 50% of the joining fee, by making just one transaction within the first 37 days.
Cons
Value-eroding Redemption Fee: A fee of ₹99 + GST is levied on reward catalogue redemptions, which significantly reduces the net value of your earnings, especially on smaller redemptions.
Strict Monthly Caps on Bonus Rewards: The accelerated 3% and 2% reward categories are capped at 1,000 and 500 CashPoints per month respectively, limiting the maximum benefit for high spending in these areas.
Expensive for International Use: Carries a high foreign exchange markup fee of 3.50%, making it an unsuitable and costly option for international business transactions or travel.
Lacks Complimentary Travel Perks: The card offers no complimentary airport lounge access, a benefit that is available on some competing cards in the entry-level segment.
Best Use Case
Self-employed individuals and small business owners seeking rewards on business expenses like EMI, electronics, and utility bills.