Base reward rate: 5 pts/₹100 on domestic, 10 pts/₹100 on international
Redemption options: value
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 0
Annual fee: 0
Pros
Exceptional value as a lifetime-free card, offering premium benefits like Priority Pass membership and a high-value milestone program with a ₹0 annual fee.
High-value monthly entertainment benefit providing a flat ₹500 discount on BookMyShow tickets, translating to a direct annual saving of up to ₹6,000.
Generous international travel perks including a complimentary Priority Pass with 6 free lounge visits per year, a feature rarely found on no-fee cards.
Strong milestone reward of a complimentary Accor Plus membership on spending ₹8 Lakh annually, which includes a free hotel night and up to 50% off dining.
Accelerated rewards on foreign spending, earning 10 reward points per ₹100 on international transactions, which is double the domestic rate of 5 points per ₹100.
Cons
High 3.50% foreign currency markup fee significantly diminishes the value of the accelerated rewards on international transactions.
Extremely restrictive lounge access condition, requiring a minimum spend of ₹1.5 Lakh in the previous quarter to use either the domestic or international lounge benefits.
Inaccessible to the general public as it is exclusively available to Insignia Preferred Banking clients, creating a high entry barrier.
Low monthly cap on fuel surcharge waiver, which is limited to a maximum of ₹250 per statement cycle.
Best Use Case
Affluent individuals who frequently travel internationally, dine out, and seek premium lifestyle benefits.