Utkarsh Eternal Credit Card
Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate
Open to new applications · Earns cashback
First-year fee
₹0
No feeAnnual fee
₹1,999 a year.
What it gives back
1.25% cashback · everyday spends
How it compares
Compared with the cards we have read
Fees
Renewal fee
₹1,999 a year.
Joining feeAdd-on card fee
₹0No fee
Fee waiver rule
Fee waiver is given when ₹1.5 lakhs is spent during the previous year.
Rewards
Reward rate
1.25% cashback · everyday spends1.25% Cashback on all eligible transactions.
Also included
Fuel surcharge waiver
1% off on Fuel surcharge (refunded for transaction between ₹400 to ₹5000)
Charges
Forex markup
3% on foreign currency transactions.3% of the value of the foreign currency transaction after conversion to Indian Rupees
Cash advance fee
5% of cash advance or ₹500/- whichever is higher.
Interest on unpaid balance
Up to 3% per month [equivalent to 36% annual percentage rate]
Interest-free period
Upto 50 days
Late payment fee
₹500/- in addition to the interest payable on the outstanding credit card amount.
Over-limit fee
₹500 or 2.5% of Overlimit Amount (subject to a minimum of ₹500), whichever is higher
Payment return or dishonour fee
2.5% of the value of the returned payment (subject to a minimum of ₹500)
Statement or duplicate statement fee
Physical statements: ₹50 per statement.
Card replacement fee
₹500 for card replacement due to loss or theft.
What the card's fee or benefit year means
Annual fee is free for the first year; from the 2nd year onwards the charges are levied.
Rent transaction fee
1% surcharge on rental payments subject to a cap 40% of credit limit in a billing cycle
GST note
GST at the statutorily applicable rate, which currently stands at 18% (applicable on all fees, interest & other charges)
Grace days after the due date
3 (three) days from the Payment Due Date, where Late Payment Fees are not levied; the Grace Period is only applicable for Late Payment Fees and there is no Grace Period for Finance Charges
Minimum amount due
5% of retail spends and cash withdrawals, plus 100% of GST, EMI amount, Fees/Charges and Interest, plus overdue MAD of the previous statement and Overlimit amount
Eligibility
Minimum age
Unsecured Credit Card: 21 to 65 years.
Documents required
Customers to ensure their latest KYC details are updated with the Bank; no additional documents are required.
Residency
Has to be an Indian Resident.
In the terms, not the brochure
Whether carrying a balance ends the interest-free period
Interest Free Credit Period is lost if the Total Amount Due of the previous month’s Credit Card Statement is not paid by the Payment Due Date; You will not be entitled to any Interest Free Credit Period.
How we know
₹1,999 a year
View on the bank