Base reward rate: Earn 3 reward points per INR 150 on online/offline spends up to INR 20,000/month, then 10x; 1 point per INR 150 on utilities/insurance.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 0
Annual fee: 0
Pros
Completely free with no joining or annual fees, which is exceptional for a card in the premium segment.
Features a strong accelerated 10X reward rate on all spends exceeding ₹20,000 in a month, making it valuable for high spenders.
Offers a competitive, low foreign exchange markup fee of 1.5%, significantly lower than the typical 3.5% charged by most banks.
Provides a good range of lifestyle benefits, including a 'Buy one, get one' movie ticket offer (up to ₹250, twice monthly) and 2 complimentary golf rounds per month (on spends of ₹20,000).
Includes comprehensive travel perks like 2 domestic lounge visits, 2 international lounge visits, and 2 airport spa sessions per quarter via Dreamfolks.
Comes with a unique 'Cancellation for any reason' (CFAR) insurance, covering 2 claims up to ₹10,000 for flight and hotel cancellations.
Earns rewards on education fee payments (3x rate)
Cons
The reward point redemption value is very low at just ₹0.25 per point, which translates to a weak base reward rate of only 0.5% (3 points per ₹150).
Key travel benefits are conditional and not guaranteed; lounge and spa access requires a minimum spend of ₹20,000 in the previous quarter to be activated.
The accelerated 10X reward rate only applies to spends above the ₹20,000 monthly threshold, not on the entire amount, diminishing the overall return.
The base reward rate on the first ₹20,000 of monthly spends is significantly below the standard for a premium category card.
Best Use Case
High-spending individuals seeking premium lifestyle benefits, travel perks, and accelerated rewards on various categories.