Completely free for life with ₹0 joining and ₹0 annual fees, making it a zero-risk option for building a credit history.
Features a valuable milestone benefit of ₹750 cashback or 4 PVR tickets on an achievable annual spend of ₹75,000, offering up to a 1% additional return.
Provides an accelerated reward rate of 2 points per ₹100 on all online transactions, doubling the base earn rate for a key spending category.
Offers a highly competitive foreign currency markup fee of just 2.00%, which is substantially lower than the industry standard of 3.5% found on most cards.
Includes an easily achievable welcome bonus of 500 reward points for a low spend of just ₹5,000 within the first 45 days of issuance.
Cons
The base reward rate of 1 point per ₹100 is very low, translating to a value of just 0.25% (assuming 1 point = ₹0.25), which is significantly outclassed by other entry-level cards.
Carries a high interest rate of 3.50% per month (42.00% p.a.), posing a significant cost risk for new-to-credit users who may revolve their balance.
Best Use Case
Individuals new to credit or looking to build/improve their credit score against a Fixed Deposit.