Base reward rate: Earn 10 points per ₹150 (approx. 6.67 points per ₹100) on dining, movies, grocery, and department store spends; 1 point per ₹150 on other spends.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 499
Annual fee: 499
Pros
Strong accelerated rewards on everyday spending: Offers 10 Reward Points per ₹150 on Dining, Movies, Grocery, and Departmental Store spends, a 10x multiplier over the base earn rate.
Effective welcome bonus: Provides 2,000 bonus points on spending just ₹2,000 within the first 60 days. At a typical redemption value of ₹0.25/point, this equals ₹500, fully offsetting the ₹499 joining fee.
Achievable annual fee waiver: The annual fee of ₹499 is waived on spending ₹1,00,000 in a year, which translates to a manageable average monthly spend of approximately ₹8,334.
Low income eligibility: Requires a minimum income of just ₹20,000 per month, making it highly accessible for salaried individuals new to credit or in the early stages of their career.
Standard fuel benefits: Provides a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle.
Cons
Extremely low base reward rate: For all spending outside of the accelerated categories, the card earns just 1 point per ₹150, which translates to a very low value-back of approximately 0.17%.
Reward redemption fee: A fee is charged for redeeming points for cash, gifts, and certain vouchers, which diminishes the net value of the rewards accumulated.
High interest rate: The card carries a high finance charge of 3.75% per month (45.00% annually), making it a costly option if you revolve your credit balance.
High foreign transaction markup: A forex markup fee of 3.50% is charged on all international transactions, making it unsuitable for use abroad.
Best Use Case
Consumers seeking accelerated rewards on everyday spending categories like groceries, dining, and entertainment.