M16S / Equitas Small Finance Bank / Equitas Tiga Credit Card
entry · rewards, upi
Equitas Tiga Credit Card
The Equitas Tiga Credit Card costs Rs 500 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.15% (1 RP per Rs 100). Accelerated earn: 3X (3 RP per Rs 100) on UPI, contactless and Pay by 3 merchant spends. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.15%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on equitas.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the feeunverified | Rs 50,000 |
| Fee notes | MITC lists Rs 500 joining and Rs 500 annual. Bank product page says first year free subject to bank conditions, Rs 500 after. Waiver threshold of Rs 50,000 annual spend is from cardinsider only; bank page says a threshold exists without stating it. |
Rewards
| Welcome benefit | Introductory finance charge 0.99% per month for first 3 months from card open date, then 3.75% |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 RP per Rs 100 |
| Base returnunverified | 0.15% |
| Point valueunverified | 1 RP = Rs 0.15 products/vouchers/travel; Rs 0.10 cashback (aggregator figures) |
| Accelerated earn | 3X (3 RP per Rs 100) on UPI, contactless and Pay by 3 merchant spends |
| 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 | base_return_pct = 1 RP per Rs 100 x Rs 0.15 = 0.15%; 3X categories about 0.45%. Point values from paisabazaar/cardinsider, not from a bank document. Redemption fee Rs 99, min 500 points. |
Travel and perks
| Forex markup | 3.5% |
|---|---|
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000; cap Rs 100/month, Rs 1,200/year; no points on waived txns; GST on surcharge not reversed |
| Other freebies | Pay by 3: select merchant purchases (Tata Cliq, Netmeds, Lectrix and others) convert to 3-month low-cost EMI; air accident, credit shield, lost card liability cover per bank page |
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 30% of credit limit |
| Eligibilityunverified | Annual income Rs 4.2 lakh to Rs 5 lakh per bank page; aggregators list 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. Network not stated on bank pages; 3X on UPI implies a RuPay variant but that was not confirmed. |
Questions
- What is the annual fee of the Equitas Tiga Credit Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- What is the forex markup on the Equitas Tiga Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Equitas Tiga Credit Card?
- No points on rent, wallet load, EMI, fuel, cash advances, government spends (MITC). Aggregators add education for PowerMiles.