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Equitas Small Finance Bank PowerMiles Credit Card
Equitas Small Finance Bank

Equitas Small Finance Bank PowerMiles Credit Card

Checked against Equitas Small Finance Bank's 7 documents for this card on 04 Nov 2026
COFFER Safety Stars3.5 of 5See the five checks
Interest
0 of 1
Foreign spends
0.5 of 1
Spend fees
1 spend fees · Wallet load charge1 of 1
Clarity
The bank's documents answer 13 of 14 cost questions1 of 1
Fine print
No gaps found1 of 1

Rated 09 Nov 2026 after reading every document the bank publishes for this card. Not a recommendation. How we rate

Open to new applications · Earns reward points

First-year fee

₹5,000 to join.

Annual fee

₹5,000 a year.

What it gives back

3 reward points per ₹100 · everyday spends

Read from 6 Equitas Small Finance Bank documents, last checked 7 Nov 2026.

Apply on Equitas Small Finance Bank

Our calculation

0.75% value back

Every ₹1,00,000 spent at this rate earns about 3,000 points, worth about ₹750 at the lowest value Equitas Small Finance Bank states for a point.

Equitas Small Finance Bank's rate: “3 reward points for every ₹100 spent on eligible retail transactions” Proof
The bank’s words

“You will earn 3 reward points for every ₹100 spent on eligible retail transactions, helping you accumulate points on your everyday spending.”

Equitas Small Finance Bank's point value: “The value of each reward point depends on redemption type: ₹0.50 per point for travel, vouchers, and catalogue, and ₹0.25 per point for cashback or instant redemption” Proof
The bank’s words

“The value of each reward point depends on redemption type: ₹0.50 per point for travel, vouchers, and catalogue, and ₹0.25 per point for cashback or instant redemption”

How it compares

Compared with the cards we have read

₹5,000 annual fee: of the 447 other open cards whose annual fee we have read, 408 state a lower one, 10 state the same and 29 state a higher one.

2% forex markup: of the 480 other open cards whose forex markup we have read, 76 state a lower one, 23 state the same and 381 state a higher one.

0.75% value back by our calculation: of the 90 other open cards we can work this out for, 78 return less, 3 return the same and 9 return more.

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Fees

  • Annual fee

    ₹5,000 a year.

  • Joining fee

    ₹5,000 to join.

  • Fee waiver rule

    Spend ₹1,20,000 within the first 90 days of card issuance and get the first-year fee free (excluding GST). Spend ₹4,80,000 in the previous anniversary year to get the renewal fee waived off

  • Add-on card fee

    ₹3500.

Welcome offer

  • Welcome benefit

    Eazydiner: Welcome bonus of 2000 EazyPoints, 2X EazyPoints on every meal. These memberships should be claimed within 90 days from the card issuance date

Rewards

  • Reward rate

    3 reward points per ₹100 · everyday spends3 reward points for every ₹100 spent on eligible retail transactions.

  • Reward exclusions

    Transactions such as fuel, rent, wallet loads, government payments, cash advances, and EMI conversions are excluded from earning reward points unless specified otherwise.

  • What one reward unit is worth

    The value of each reward point depends on redemption type: ₹0.50 per point for travel, vouchers, and catalogue, and ₹0.25 per point for cashback or instant redemption.

  • Cashback redemption

    ₹0.25 per point for cashback or instant redemption.

  • Catalogue redemption

    ₹0.50 per point for travel, vouchers, and catalogue.

  • Airline and hotel partners points may move to

    Redeem your reward points at a 1:1 ratio (1RP = 1 Miles/Points) for Miles transfer across select Airlines/Hotels (Feature to go live from Sep’26)

Card benefits

  • Domestic lounge access

    2 complimentary domestic lounge visits per quarter, with a maximum of 8 visits per year

  • International lounge access

    1 complimentary international lounge visit per quarter, with a maximum of 4 visits per year

  • Hotel or travel programme

    Club Marriott: Upto 25%* off on F&B, Hotel & Spa services. Get Complimentary Membership for Spouse. These memberships should be claimed within 90 days from the card issuance date

  • Dining programme

    Eazydiner: 25% - 50% Savings + complimentary beverages, 2X EazyPoints on every meal. These memberships should be claimed within 90 days from the card issuance date

  • Concierge

    Avail global concierge services for your travel, entertainment and business purpose.

Also included

  • Fuel surcharge waiver

    1% waiver on fuel transactions across India (Up to ₹450 per statement cycle on transactions between ₹500 and ₹3,000)

  • Lost card liability

    Zero liability for theft, fraud, or skimming after reporting the incident to the Bank.

  • Add-on card eligibility

    Add-on Cardmember: an individual who is a resident Indian / NRI / Foreign National working in India, and a member of the immediate family of Primary Cardmember viz. spouse, brothers, sisters, parents, children, and is above the age of 18 years.

Charges

  • Forex markup

    2% on foreign currency transactions.2% markup fee on all foreign currency transactions

  • Cash advance fee

    2.5% of advanced amount (minimum ₹250), excluding GST

  • Interest on unpaid balance

    Upto 4% p.m as per card variant, excluding GST

  • Interest-free period

    Up to 50 days

  • Late payment fee

    Upto ₹1,200 as per amount due, excluding GST

  • Over-limit fee

    Over Limit Charges 2.5% of over-limit amount (min of ₹550)

  • Reward redemption fee

    Reward Redemption Fee ₹99

  • Wallet load charge

    Wallet Loading 2.50 % per transaction MCC 6540.

  • Minimum amount due

    Minimum Amount Due will be 5% of the balance outstanding on retail purchases payable along with interest and charges applicable on total due with all applicable taxes and EMI (only in case of EMI based products).

Eligibility

  • Eligibility

    Income of more than ₹18 Lakh annually.

Ways to redeem your points

  • Cashback against your bill₹0.25 a point

    “₹0.25 per point for cashback or instant redemption” Proof

  • Flight bookings

    “Xchange Program: Redeem your reward points against Products/ Vouchers/ Flight Booking and more. https://xchange.equitas.bank.in/. A video guide for claiming PowerMiles Credit Card membership [Xchange Rewards](https://equitas.bank.in/strapi-dev/uploads/Membership_Claim_Process_Power_Miles_Final_3_a9bbe29096.mp4)” Proof

  • Airline miles

    “Redeem your reward points at a 1:1 ratio (1RP = 1 Miles/Points) for Miles transfer across select Airlines/Hotels (Feature to go live from Sep’26)” Proof

  • Hotel loyalty points

    “Equitas Bank Credit Card Customers are requested to check with their preferred brand’s policy on accepting single/multiple vouchers against a single invoice and accordingly decide to redeem their reward points from Xchange Rewards Portal.” Proof

  • Gift vouchers and gift cards₹0.50 a point

    “₹0.50 per point for travel, vouchers, and catalogue” Proof

  • Products from the rewards catalogue₹0.50 a point

    “₹0.50 per point for travel, vouchers, and catalogue” Proof

  • Pay with points at checkout₹0.25 a point

    “₹0.25 per point for cashback or instant redemption” Proof

Points expiring? Use Expiry Rescue

How we know - 6 documents from Equitas Small Finance Bank, checked 7 Nov 2026

6 documents from Equitas Small Finance Bank, checked 7 Nov 2026.

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Apply on Equitas Small Finance Bank

₹5,000 a year

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