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Equitas Small Finance Bank
A 2% forex markup with 3X points on the same spending, and 12 lounge visits a year
One-time
Waived on ₹4,80,000/yr
Uncapped rewards
Score 750+
Applying takes you to Equitas Small Finance Bank. CredSpy does not process applications, and the ranking on this site is never influenced by commission.
Best for
Terms structured from published copy
2 reward rates with their caps, taken from Equitas Small Finance Bank’s own published wording rather than checked against its terms document. Verify before you rely on a figure.
Terms effective from 10 Oct 2026.
See where each figure came fromTravel
No published ceiling on this tier
Everything else
No published ceiling on this tier
Fuel, rent, wallet loads, government payments, cash advances and EMI conversions earn no reward points, the same list that applies to every Equitas card. All exclusions
Data-driven verdict based on net earnings after fees and caps.
Key strength
9% on Travel — 3X accelerated on the 3-point base rate for eligible international transactions. 1 reward point transfers at 1:1 to select airline and hotel partners., with no stated cap.
Biggest limitation
The Rs. 5,000 plus GST fee is waived only on Rs. 4,80,000 of spending a year, about Rs. 40,000 a month.
Priced with caps, exclusions, and annual fee deducted live.
Monthly spending — ₹54,000
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Import a statement and this runs on your real spending instead of the sliders.
Click any drawer below to inspect fee schedules, lounge terms, reward multipliers, and exclusions.
Everything else the issuer publishes about this card. All of it is on this page and searchable — open only what you need.
9 pts
uncappedTravel
3X accelerated on the 3-point base rate for eligible international transactions. 1 reward point transfers at 1:1 to select airline and hotel partners.
3 pts
uncappedEverything else
Eligible retail transactions.
| Charge | Amount | Condition |
|---|---|---|
| Joining fee | ₹5,900 | — |
| Annual / renewal fee | ₹5,900 | The Rs. 5,000 + GST annual fee is waived on Rs. 4,80,000 of spending. The first-year fee is free on Rs. 1,20,000 of spending within 90 days of card issuance |
| Add-on card | The issuer publishes no separate add-on card fee for this card. | — |
| Late payment | As published in Equitas's Most Important Terms & Conditions for credit cards | — |
| Foreign currency markup | 2% | — |
Interest only applies if a balance is carried past the due date. Paying in full each month costs nothing, and no reward rate on this card comes close to offsetting the interest if you do not.
Fees exclude GST unless stated. Charges can change — confirm against the issuer's current schedule before applying.
Year one
Rewards only
no welcome value is recorded
Every year after
₹4,80,000 a year
is what it takes to keep the ₹5,900 fee off — about ₹40,000 a month
No fuel surcharge waiver is published for this card.
Only RuPay credit cards can be linked to UPI, so this card cannot be used to pay by UPI.
We do not have welcome or milestone benefits recorded for this card. Check the issuer's page before relying on it.
Scored against these published criteria only. No bureau pull, and no approval guarantee — the issuer decides.
CredSpy never collects these. You submit them to the issuer during their own application.
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| Card | Annual fee | Headline rate | Lounge |
|---|---|---|---|
| Equitas PowerMiles Credit Card · this card | ₹5,900 | 9% travel | Included |
| Equitas Selfe Credit Card | ₹1,180 | Up to 5 reward points per ₹100 | No |
| Equitas Tiga Credit Card | ₹500 | Up to 3 reward points per ₹100 | No |
| Suryoday SFB FD-Backed Credit Card | ₹177 | See card | No |
| IDFC FIRST Mayura Credit Card | ₹7,079 | Up to 10 reward points per ₹150 | Included |
Headline rates are not comparable on their own — each card caps and excludes differently. Run your own spending through the switch calculator to see which of these actually pays you more.
₹5,900 plus GST, waived on ₹4,80,000 of annual spend.
The strongest published rate is 9% on travel, with no stated cap. The calculator above prices your own basket with every cap and exclusion applied.
Yes. The issuer publishes no additional spend condition for this card's lounge access.
Only RuPay credit cards can be linked to UPI, so this card cannot be used to pay by UPI.
Fuel, rent, wallet loads, government payments, cash advances and EMI conversions earn no reward points, the same list that applies to every Equitas card. Fuel, rent, wallet loads, government payments, cash advances and EMI conversions earn no reward points, the same list that applies to every Equitas card. Fuel, rent, wallet loads, government payments, cash advances and EMI conversions earn no reward points, the same list that applies to every Equitas card.
Transferred to select airline and hotel partners at 1 reward point to 1 mile or point, Redeemed from an exclusive luxury catalogue
You can apply online through our website by filling out the application form and uploading the required documents. You may also visit your nearest branch for in-person assistance.
Yes, you can request a limit increase through internet banking, mobile app, or by contacting customer care. Approval depends on your credit history and income. If you want, I can also create a more engaging, SEO-friendly FAQ section for your credit card website that boosts trust and conversions. Would you like me to prepare that next?
A late payment fee and interest will be charged. Missing payments can also impact your credit score.
Two things working together. The foreign currency markup is 2% against the 3.5% on Equitas's own Tiga and Selfe, and international transactions earn 3X accelerated reward points. So the card pays its best rate on the spending it also charges least for — most travel cards here do the opposite, paying well on travel bookings while charging 3.5% on the foreign currency itself.
At 1 reward point to 1 mile or hotel point, with select airline and hotel partners, which Equitas publishes as a 1:1 ratio. Points can also be redeemed from an exclusive luxury catalogue. The partner list is described as select rather than named in full, so it is worth confirming your preferred airline is on it.
Two complimentary domestic lounge visits a quarter, to a maximum of eight a year, and one international visit a quarter, to a maximum of four a year — twelve visits in total. The quarterly caps mean they cannot be saved up for a single long trip.
Rs. 5,000 plus GST, which is Rs. 5,900. The first year is free if you spend Rs. 1,20,000 within 90 days of card issuance — about Rs. 40,000 a month for three months. From then on it is waived on Rs. 4,80,000 of spending in a year, also about Rs. 40,000 a month. So it is a card for somebody spending at that level consistently.
Club Marriott and EazyDiner memberships, both provided free of cost annually. The annual part matters: several cards in this catalogue give a dining or hotel membership once, on joining, and this one renews it every year while the card is held.
Yes. Equitas issues a secured version of the PowerMiles, as it does for its whole range. That is unusual — most issuers reserve the secured route for an entry card, so a thin credit file normally means an entry product. Here a deposit can get you the premium card.
Most travel cards in this catalogue pay their best rate on travel bookings and then charge 3.5% on the foreign currency when you get there. The PowerMiles does the opposite: a 2% markup — against 3.5% on Equitas's own Tiga and Selfe — and 3X accelerated reward points on the same international transactions.
So spending abroad is both the cheapest thing this card does and the best-earning. On Rs. 1,00,000 spent overseas that is roughly Rs. 1,770 less in markup than a 3.5% card, before counting the accelerated points on top.
Equitas publishes a 1:1 transfer ratio to select airline and hotel partners — one reward point becomes one mile or one hotel point. That matters because a published ratio is the only way a points rate can be compared honestly, and several cards in this catalogue leave it unstated.
The caveat is the partner list, which Equitas describes as select rather than naming in full. If a particular airline programme is the reason you want transferable points, confirm it is on the list before applying rather than after.
Rs. 5,000 plus GST is Rs. 5,900. Year one is free if you spend Rs. 1,20,000 within 90 days of issuance, which is about Rs. 40,000 a month for three months. From year two it is waived on Rs. 4,80,000 of spending in a year — the same Rs. 40,000 a month, sustained.
Twelve lounge visits a year plus Club Marriott and EazyDiner memberships renewed annually is a reasonable return on Rs. 5,900 even without the markup. Below about Rs. 40,000 a month, though, the fee is a bill rather than a waiver, and Equitas's own Selfe at Rs. 1,000 does the everyday earning more cheaply.
Credit card fees, rewards and benefits change. Please verify the latest terms on the issuer's website before applying. CredSpy earns a commission on some applications; it never affects rankings or what is written here.
Equitas PowerMiles Credit Card — 9% on travel. ₹5,900 a year.