Base reward rate: Up to 10X CashPoints (equivalent to 3.33% cashback) on online spends at Flipkart, Amazon, Swiggy, BigBasket, and Reliance Smart SuperStore; 2 CashPoints per ₹150 on other spends.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 500
Annual fee: 500
Pros
Excellent accelerated reward rate of 3.33% (20 CashPoints per ₹150) on high-utility platforms like Amazon, Flipkart, Swiggy, BigBasket, and Reliance Smart SuperStore.
Offers a valuable quarterly milestone benefit of a ₹500 gift voucher on spending ₹50,000, which translates to an additional 1% return on those spends.
The low annual fee of ₹500 is easily waived with a modest and achievable annual spend of just ₹50,000.
Provides tangible dining benefits, offering up to a 20% discount at over 20,000 partner restaurants via the Swiggy Dineout program.
The welcome bonus of 500 CashPoints effectively offsets 25% of the joining fee upon payment.
Cons
The value of rewards is significantly diluted by the poor redemption rate of just ₹0.25 per CashPoint when converting to cashback.
A high foreign currency markup fee of 3.50% makes the card expensive and unsuitable for any international transactions.
Several common and high-value transaction categories like rent payments, wallet reloads, and government payments are excluded from earning any reward points.
Best Use Case
Consumers who frequently shop online on platforms like Flipkart, Amazon, Swiggy, BigBasket, and Reliance Smart SuperStore and seek accelerated rewards.