Base reward rate: 10% cashback on Swiggy, 5% on other online spends
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 500
Annual fee: 500
Pros
Exceptional 10% cashback on the Swiggy ecosystem, covering food orders, Instamart, Dineout, and Genie, which is significantly higher than typical co-branded cards.
Strong 5% cashback on most other online spends, making it a versatile card for e-commerce beyond just the Swiggy platform.
Offers unexpected premium lifestyle benefits like complimentary golf rounds (Mastercard variant) and Marriott Bonvoy Silver Elite Status, which are extremely rare for a card with a ₹500 annual fee.
Provides immediate value with a complimentary 3-month Swiggy One membership upon activation as a welcome bonus.
The annual fee of ₹500 is waived on a reasonable spend threshold of ₹2,00,000, making the card effectively free for moderate users.
Cons
The high cashback earnings are significantly limited by a maximum monthly cap of ₹3,500 across all categories, restricting the total value for high spenders.
Cashback is not applicable on key Swiggy services like Swiggy Money Wallet, Swiggy Minis, and Swiggy Liquor, a notable exclusion for a dedicated co-branded card.
Completely lacks complimentary airport lounge access, a benefit that is often available on competing cards in the same entry-level fee segment.
Carries a high foreign currency transaction markup of 3.50%, making it an expensive choice for international online shopping.
Best Use Case
Individuals who frequently order food and groceries via Swiggy and make other online purchases.