M16S / Equitas Small Finance Bank / Equitas Selfe Secured Credit Card
entry · rewards, secured
Equitas Selfe Secured Credit Card
The Equitas Selfe Secured Credit Card costs Rs 2,000 a year. Its base return is 0.7% (2 RP per Rs 100). Accelerated earn: 5X on 2 chosen categories out of 5. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 2,000+ GST
- Fee waived at
- —
- Base return
- 0.7%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on equitas.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 2,000 |
|---|---|
| Annual fee | Rs 2,000 |
| Fee notes | MITC lists Rs 2,000 joining and Rs 2,000 annual for the secured variant, double the unsecured Selfe. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 2 RP per Rs 100 |
| Base returnunverified | 0.7% |
| Point valueunverified | 1 RP = Rs 0.35 products/vouchers/travel; Rs 0.15 cashback (aggregator figures for Selfe) |
| Accelerated earn | 5X on 2 chosen categories out of 5 |
| 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 | 2 years |
| Reward notes | Same reward rules as Selfe per MITC. base_return_pct = 2 x 0.35 = 0.7%, using aggregator point value. |
Travel and perks
| Forex markup | 3.5% |
|---|---|
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000; cap Rs 250/month, Rs 3,000/year |
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 | Zero cash limit on secured variants |
| Eligibilityunverified | Against a fixed deposit with Equitas; FD minimum and limit ratio not found |
| Fine-print notes | Secured variant appears only in the MITC fee table; no product page, FD minimum or limit-to-FD ratio found. Whether memberships and lounge visits carry over to the secured variant was not confirmed. 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. |
Questions
- What is the annual fee of the Equitas Selfe Secured Credit Card?
- Rs 2,000 a year, before GST.
- What is the forex markup on the Equitas Selfe Secured Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Equitas Selfe Secured Credit Card?
- No points on rent, wallet load, EMI, fuel, cash advances, government spends (MITC). Aggregators add education for PowerMiles.