Rated 19 Oct 2026 after reading every document the bank publishes for this card. Not a recommendation. How we rate
Premium · Open to new applications · Earns cashback
First-year fee
₹250 + GST
Annual fee
Joining and annual membership fee for the primary cardholder: ₹250 + GST (the fees may vary for each Cardmember and from offer to offer)
What it gives back
1% cashback · everyday spends
Compared with the cards we have read
Annual fee
Joining and annual membership fee for the primary cardholder: ₹250 + GST (the fees may vary for each Cardmember and from offer to offer)
Joining fee
₹250 + GST
Fee waiver rule
Spend ₹50,000 or more in the preceding 12 months and get renewal membership fee waived off for next year.
Add-on card fee
The bank's documents don't say.Checked 19 Oct 2026
Welcome benefit
The bank's documents don't say.Checked 19 Oct 2026
Reward rate
1% cashback · everyday spends1% CashBack on eligible transactions.
EMI spend earning
EMI transactions will not accrue CashPoints/Reward points; points accrued will be reversed if a retail transaction is converted into EMI.
Fuel earning
Fuel transactions will not accrue CashPoints/Reward points.
Government spend earning
Government related transactions will not accrue CashPoints/Reward points.
Insurance spend earning
CashPoints/Reward points accrued for insurance transactions will have a maximum cap of 2000 per month
Online earning
5% CashBack on eligible transactions via SmartBuy.
Rent earning
Rent payments will not accrue CashPoints/Reward points.
Travel earning
5% cashback on SmartBuy transactions (including Flights, Hotels, Bus and Rail); maximum ₹500 cashback can be earned in a calendar month; applicable for full payment
Wallet load earning
No CashPoints on prepaid card, gift card, wallet load and voucher purchases (transactions under MCC 6540 are not considered)
Reward exclusions
Fuel, EMI, Rent payments, e-wallet loading, Government related transactions will not accrue CashPoints/Reward points.
Reward caps
Maximum Cashback under 1% unlimited Cashback across all other spends is ₹15000 per calendar month
Award examples
Example: on ₹20,000 spent in a calendar month cycle, ₹15,000 is eligible for CashPoints (excluded ₹1,000; fuel ₹3,000; EMI purchase ₹1,000); 1% CashPoints of ₹15,000 = 150
What one reward unit is worth
On redemption, 1 CashPoint = ₹1 PayZapp Cash points.
Cashback redemption
Customers can redeem credit card CashPoints or Reward Points through the PayZapp Mobile App; redeemed points are transferred to the PayZapp CashPoints balance.
Points transfer redemption
Reward Points have no monetary value except the value assigned by the Bank; they are not convertible and can only be redeemed as PayZapp CashPoints into the PayZapp Mobile app
Voucher and product redemption
Upon accumulation of 500 PIXEL CashPoints, can be redeemed to PayZapp Wallet and used to purchase brand vouchers within PayZapp
Point expiry
PIXEL CashPoints valid for 2 years from date of accumulation.
Smallest number of points that can be redeemed
500 PIXEL CashPoints accumulated can be redeemed to the PayZapp Wallet.
Reward earning on dining spends
The bank's documents don't say.Checked 19 Oct 2026
Groceries earning
The bank's documents don't say.Checked 19 Oct 2026
Statement-credit redemption
The bank's documents don't say.Checked 19 Oct 2026
Catalogue redemption
The bank's documents don't say.Checked 19 Oct 2026
Flight redemption
The bank's documents don't say.Checked 19 Oct 2026
Hotel redemption
The bank's documents don't say.Checked 19 Oct 2026
Airline and hotel partners points may move to
The bank's documents don't say.Checked 19 Oct 2026
Reward earning on international spends
The bank's documents don't say.Checked 19 Oct 2026
Redeeming points for travel
The bank's documents don't say.Checked 19 Oct 2026
Dining programme
Up to 10% savings off on all your restaurant bill payments via Swiggy Dineout
Milestone benefits
Joining fee waiver on spending ₹10,000 within 90 days of issuance
Retention or continued-access criteria
If the card is not used for a continuous period of 1 year, the Bank asks the cardholder to start using it within 30 days; if there is no reply or the card is still not used within 30 days, the card account is closed by the Bank, subject to payment of all dues by the cardholder
Minimum spend rules
No CashPoints on transactions less than ₹100.
Renewal benefit
The bank's documents don't say.Checked 19 Oct 2026
Domestic lounge access
The bank's documents don't say.Checked 19 Oct 2026
Spend that unlocks lounge visits in the next period
The bank's documents don't say.Checked 19 Oct 2026
International lounge access
The bank's documents don't say.Checked 19 Oct 2026
Golf
The bank's documents don't say.Checked 19 Oct 2026
Concierge
The bank's documents don't say.Checked 19 Oct 2026
Hotel or travel programme
The bank's documents don't say.Checked 19 Oct 2026
Movies and entertainment
The bank's documents don't say.Checked 19 Oct 2026
Priority Pass
The bank's documents don't say.Checked 19 Oct 2026
Movie or entertainment ticket benefit
The bank's documents don't say.Checked 19 Oct 2026
Membership tiers and what unlocks them
The bank's documents don't say.Checked 19 Oct 2026
Benefit given each anniversary year
The bank's documents don't say.Checked 19 Oct 2026
Fuel surcharge waiver
1% fuel surcharge waiver at all fuel stations across India on transactions of ₹400 - ₹5,000; maximum waiver of ₹250 per statement cycle
Surcharge on railway tickets
1% of the transaction amount + GST
Lost card liability
Cardmember is wholly liable for all transactions before the loss of the card is reported; after the bank receives proper notification of the loss, the Cardmember's subsequent liability is zero. The Cardmember must also report any theft of the card to the Police, lodge a Police Complaint and provide a copy to the Bank.
Purchase to EMI conversion
Convert purchases into EMIs instantly via PayZapp.
Balance transfer terms
The bank's documents don't say.Checked 19 Oct 2026
Air accident cover
The bank's documents don't say.Checked 19 Oct 2026
Purchase protection
The bank's documents don't say.Checked 19 Oct 2026
Travel insurance
The bank's documents don't say.Checked 19 Oct 2026
What must be paid with the card for the cover to apply
The bank's documents don't say.Checked 19 Oct 2026
Credit shield cover
The bank's documents don't say.Checked 19 Oct 2026
Medical and hospitalisation cover
The bank's documents don't say.Checked 19 Oct 2026
Add-on card eligibility
The bank's documents don't say.Checked 19 Oct 2026
Forex markup
3.5% on foreign currency transactions.
Dynamic currency conversion markup
Markup fee of 1.75% on all transactions carried out in Indian Currency at an international location or at merchants which are located in India but registered overseas.
Cash advance fee
2.5% or ₹500 whichever is higher, levied on the amount withdrawn.
Cash advance interest
3.75% monthly, 45% annually (excluding GST), on cash advances from the date of transaction until the payment is made in full
Cash withdrawal limit
40% of the Credit Limit.
Interest on unpaid balance
3.75% monthly, 45% annually (excluding GST)
Interest-free period
Up to 50 days interest-free credit period from date of purchase
Late payment fee
Nil to ₹1,300 (excl. GST), by bill amount
Over-limit fee
Overlimit charges of 2.5% of the overlimit amount, subject to a minimum of ₹550, where the cardholder consents to the additional limit (Over Limit) that the Bank approves in its sole discretion
Payment return or dishonour fee
2% of the payment amount (minimum ₹450)
Card replacement fee
₹199 + applicable GST
Education / school fee charge
1% fee on education transactions done through third-party apps like CRED, Nobroker, Cheq etc., capped at ₹4999 per transaction; not charged on education payments made directly through college or school websites or POS machines at their premises, or on international education transactions.
EMI conversion fee
SmartEMI processing fee: ₹249 (plus GST), effective from 1st Oct 26
Fee on online skill-based gaming spends
1% fee on online skill-based gaming spends exceeding ₹10,000 in a calendar month, applied on the total online skill-based gaming spends in that month; fee capped at ₹4999 per month.
Foreign ATM fee
2.5% or ₹500 whichever is higher on the amount withdrawn from ATMs in India or abroad.
Wallet load charge
1% fee on wallet loading spends (excl PayZapp) exceeding ₹10,000 in a calendar month, applied on the total wallet loading spends in that month; fee capped at ₹4999 per month
Fuel transaction fee
1% fee on a fuel transaction exceeding ₹15,000, capped at ₹4999 per transaction.
Rent transaction fee
1% fee on the transaction amount for rental transactions done on any applicable merchant for the month; fee capped at ₹4999 per transaction.
Utility transaction fee
1% fee on utility spends exceeding ₹50,000 per calendar month, applied on the total utility spends in that month; fee capped at ₹4999 per month.
GST note
GST is applicable on all fees, interest and other charges
Grace days after the due date
3 grace days allowed from the payment due date, where payments are not overdue.
Minimum amount due
Total GST + EMI amount + 100% of fees and charges + any overlimit amount + 5% of retail spends and cash advance, plus 100% of finance charges if finance charges are more than 5% of retail spends + 5% of finance charges, or 5% of finance charges if they are less; rounded to the next higher 10th digit. If this comes to ₹200 or below, it is charged as ₹200
What the card's fee or benefit year means
The bank's documents don't say.Checked 19 Oct 2026
Cash payment / cash deposit fee
The bank's documents don't say.Checked 19 Oct 2026
Statement or duplicate statement fee
The bank's documents don't say.Checked 19 Oct 2026
Reward redemption fee
The bank's documents don't say.Checked 19 Oct 2026
Charge for lounge visits beyond the free limit
The bank's documents don't say.Checked 19 Oct 2026
Age the primary cardholder must beMinimum age
Salaried: age 21 - 60 years; Self-Employed: age 21 - 65 years.
Income requirement
Salaried: Income (Monthly) — ₹12,000; Self-Employed: Annual ITR > ₹6,00,000.
Income, salaried
Monthly income ₹12,000
Income, self-employed
Annual ITR > ₹6,00,000
Documents required
Identity Proof: Passport, Aadhaar card, Voter ID, Driving licence, PAN card, Passport size photograph; Address Proof: Utility bills (electricity, water, gas, or telephone), Rental agreement.
Residency
Indian
How the earn rate is rounded
CashPoints are calculated and posted on the lowest rounded integer (rounding down); fractional CashPoints will not get accrued.
What happens to unredeemed points if the card is closed
On card closure the Bank notifies the Cardmember; any allowable claim for redemption of Reward Points must be made within 30 days of the date of closure
Whether carrying a balance ends the interest-free period
This period will be free of interest only if all previous dues are paid in full and there is no unpaid balance carried over from previous months.
What applies: 2,000 CashPoints a month from 1 Oct 2025
per MITC PIXEL Credit Card 12Aug 26
Card terms and conditions says: 2,000 CashPoints a day
“The CashPoints for Insurance Spends will be capped at 2,000 CashPoints per day.”
“W.e.f 1st Oct 2025 CashPoints / Reward points accrued for insurance transactions will have a maximum cap of 2000 per month.”
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