M16S / Equitas Small Finance Bank / Equitas PowerMiles Credit Card
premium · rewards, travel
Equitas PowerMiles Credit Card
The Equitas PowerMiles Credit Card costs Rs 5,000 a year, waived if you spend Rs 4,80,000 in a year. Its base return is 1.5% (3 RP per Rs 100). Accelerated earn: 3X (9 RP per Rs 100) on international spends; MITC says 3X on international POS on a best-effort basis. The forex markup is 2%. Lounge visits in India: 2 per calendar quarter (select lounges). Abroad: 1 per calendar quarter. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 5,000+ GST
- Fee waived at
- Rs 4,80,000annual spend
- Base return
- 1.5%
- Forex markup
- 2%
- Interest
- 3.75%a month
Apply on equitas.bank.inOpens the bank’s own page.
What changed on this card
- Equitas PowerMiles ties its luxury memberships to fees or spend milestones from Nov 2025
From 24 November 2025 the complimentary luxury memberships on PowerMiles apply on payment of the joining or annual fee or on spend milestones of Rs 1,20,000 in the first 3 months for year 1 and Rs 4,80,000 a year from year 2. The previous MITC sent the membership voucher code after card approval. Source: Equitas Small Finance Bank, equitas.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 5,000 |
|---|---|
| Annual fee | Rs 5,000 |
| Annual spend that waives the feeunverified | Rs 4,80,000 |
| Fee notes | MITC: Rs 5,000 joining, Rs 5,000 annual. Bank page: first year free (conditions apply); annual waiver on spend 'e.g. Rs 4,80,000' in anniversary year. Aggregators: joining fee waived on Rs 1.2 lakh spend in first 90 days. Metal card; metal replacement or add-on Rs 3,500. |
Rewards
| Welcome benefit | Club Marriott and EazyDiner memberships |
|---|---|
| Reward currency | Reward Points |
| Base earn | 3 RP per Rs 100 |
| Base returnunverified | 1.5% |
| Point valueunverified | 1 RP = Rs 0.50 products/vouchers/flights/hotels; Rs 0.25 cashback (aggregator figures) |
| Accelerated earn | 3X (9 RP per Rs 100) on international spends; MITC says 3X on international POS on a best-effort basis |
| Caps | Grocery and utility points capped at 2,000 per month per category; insurance capped at 2,000 points per day (MITC). |
| Spends that earn nothing | No points on rent, wallet load, EMI, fuel, cash advances, government spends (MITC). Aggregators add education for PowerMiles. |
| Points expiry | 3 years |
| Reward notes | base_return_pct = 3 RP per Rs 100 x Rs 0.50 = 1.5%; international 4.5% before 2% markup. Point values from paisabazaar/cardinsider. Redemption fee Rs 99. |
Transfers
| Partnersunverified | British Airways, United Airlines, Finnair, Air Canada, Etihad, Thai Airways, AirAsia, Air India, Japan Airlines, IHG Hotels and Resorts, Wyndham Hotels and Resorts |
|---|---|
| Ratio | 1:1 Xchange Miles (bank page says 10+ airline and hotel partners) |
Travel and perks
| Domestic lounge | 2 per calendar quarter (select lounges) |
|---|---|
| International lounge | 1 per calendar quarter |
| Lounge conditionsunverified | Bank page: access per card rules. Paisabazaar says via Priority Pass, 8 domestic and 4 international a year. |
| Forex markup | 2% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000; cap Rs 450/month, Rs 5,400/year |
| Other freebies | 1:1 Xchange brands (Tanishq, Taj, M&S, The Body Shop); travel accident and lost card liability cover; concierge per aggregators |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | Nil below Rs 100; Rs 100 (101-500); Rs 500 (501-5,000); Rs 750 (5,001-10,000); Rs 900 (10,001-25,000); Rs 1,000 (25,001-50,000); Rs 1,200 above Rs 50,000 |
| Cash advance fee | 2.5% or Rs 250, whichever is higher; cash limit 40% of credit limit |
| Eligibility | Annual income Rs 18 lakh (bank page); aggregators: age 22-60, salaried |
| Fine-print notes | MITC v1.1: reward redemption fee Rs 99; min redemption 500 points; points nullified if card unused for 365 days; rent (MCC 6513) fee 1% capped Rs 3,000 per txn; wallet load (MCC 6540) fee 2.5%; over-limit 2.5% min Rs 550; payment return 2% min Rs 450; 3-day grace after due date. MITC says actual fees are conveyed at application. Privilege tiers (Blue to Diamond, based on 3 consecutive months of spend) raise point value per aggregators; tier details not read from a bank document. Partner list is from cardinsider, which says transfers go live from March 2027; paisabazaar says from 1 Jan 2026. Whether miles transfer actually works today is not confirmed. The dedicated PowerMiles page on equitas.bank.in was blocked by robots.txt; bank facts come from the cards listing page, the Selfe/Tiga pages (which carry all three cards) and the MITC. |
Questions
- What is the annual fee of the Equitas PowerMiles Credit Card?
- Rs 5,000 a year, before GST. It is waived if you spend Rs 4,80,000 in a year.
- Does the Equitas PowerMiles Credit Card give airport lounge access?
- Yes. In India: 2 per calendar quarter (select lounges). Outside India: 1 per calendar quarter. Conditions: Bank page: access per card rules. Paisabazaar says via Priority Pass, 8 domestic and 4 international a year.
- What is the forex markup on the Equitas PowerMiles Credit Card?
- 2% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Equitas PowerMiles Credit Card?
- No points on rent, wallet load, EMI, fuel, cash advances, government spends (MITC). Aggregators add education for PowerMiles.