Base reward rate: 2 Reward Points for every Rs. 100 spent, 2x on online spends.
Redemption options: value
Redemption value: 1 Pt = ₹0.11
Fees & Charges
Joining fee: 0
Annual fee: 2999
Pros
Strong milestone rewards: Earn 10,000 bonus points on spending ₹1.5 lakhs and another 10,000 points on reaching ₹3.5 lakhs in a year, providing a total bonus of 20,000 points.
Valuable entertainment perk: Receive two 'Buy One, Get One Free' movie tickets every month on BookMyShow, with a maximum discount of ₹200 per ticket.
Effective welcome bonus: Get 12,000 Reward Points for spending ₹2,000 within the first month, which can offset the annual fee of ₹2,999.
Generous domestic travel benefit: Includes 8 complimentary domestic airport lounge visits per year, which is competitive for its fee segment.
Excellent fee waiver condition: The annual fee of ₹2,999 is waived on a very low annual spend of just ₹50,000.
Cons
Very low base reward rate: The standard earning of 2 Reward Points per ₹100 spent translates to a value back of only 0.5% (assuming a redemption value of ₹0.25 per point), which is below the industry benchmark for this fee level.
Annual fee of ₹2,999 requires ₹29,990+ annual spend to justify
Significant exclusions on accelerated rewards: The 2x online reward rate does not apply to common high-volume categories like insurance, education, utility bill payments, and wallet loads.
High cost for revolving credit: The interest rate is a high 3.99% per month, which annualizes to a steep 47.88% p.a.
Conditional lounge access: To use the 8 complimentary domestic lounge visits, a minimum spend of ₹15,000 is required in the preceding quarter, adding a restrictive condition to the benefit.
Best Use Case
High-net-worth individuals with significant online spending and domestic travel needs, seeking a blend of rewards, lounge access, and entertainment benefits.