Base reward rate: 1 pt/₹100 on general spends, 20 pts/₹100 on grocery
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 500
Annual fee: 500
Pros
Excellent reward rate on groceries, offering 20 reward points per ₹100 spent, which translates to a high value back on a key spending category.
The ₹500 joining fee is effectively nullified by the welcome bonus of 2,000 reward points, which can be redeemed for equivalent value.
Features a practical entertainment benefit with a 10% discount (up to ₹100) on BookMyShow movie tickets, usable up to 15 times annually.
The annual fee of ₹500 is waived on achieving a spend of ₹1.5 Lakhs in the preceding year, a reasonable target for primary users.
Accessible to a wide audience due to a low minimum income requirement of just ₹15,000 per month for salaried individuals.
Cons
Extremely low base reward rate of only 1 reward point per ₹100 on all non-grocery spending, which is significantly below the industry average for entry-level cards.
Carrying a balance is very expensive due to a high interest rate of 3.99% per month (47.88% annually).
The fuel surcharge waiver is capped at a low ₹100 per month, limiting savings to fuel spends of only ₹10,000 monthly.
High foreign currency markup fee of 3.50%, making it an unsuitable choice for any international transactions.
Best Use Case
Individuals who frequently shop for groceries and enjoy movie outings, seeking accelerated rewards on these categories.