Best Credit Card

All Benefits

  • 10% Reward Points on PhonePe categories such as recharges, bill payments, flights, hotels, bus and train bookings, capped at 1000 Reward Points per calendar month
  • 5% Reward Points on select online brands such as Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy and Zomato, capped at 500 Reward Points per calendar month
  • 1% Reward Points on all Scan & Pay RuPay credit card on UPI spends, capped at 500 Reward Points per calendar month
  • Earn up to 2000 Reward Points per month

Fees

Joining Fee Get ₹499 gift card on 1st UPI txn + ₹50 ×10 scratch cards on next spends (₹100+ each)
₹1,179
₹999 + GST
Annual Fee The annual fee is waived if you spend ₹2 lakh or more in a year on your card, as per bank policy
₹1,179
₹999 + GST

Eligibility

Age
21-60 years
Salary
₹25K / Month
Credit Score
720+

Bank Fee Structure

Forex Markup 3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. Examples (3.5%): ₹100 → ₹3.5 ₹1,000 → ₹35 ₹10,000 → ₹350 ₹1,00,000 → ₹3,500
3.5%
Finance Charges (APR) Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid
3.75%
ATM Withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable)
2.5%
Reward Redemption ₹99 per redemption request is applicable
₹99
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets
1%
Rent Payment A surcharge fee of 1% applies on rental transactions made using the credit card
1%
Cheque Payment A fee of ₹50 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal
₹50
Cash Payment ₹100 cash payment fee per deposit
₹100

Late Payment Charges

Amount dueFee
₹0 - ₹100₹0
₹101 - ₹500₹100
₹501 - ₹1000₹500
₹1001 - ₹5000₹600
₹5001 - ₹10000₹750
₹10001 - ₹25000₹900
₹25001 - ₹50000₹1100
Above ₹50000₹1300

Additional ₹100 is charged if Minimum Amount Due remains unpaid for two consecutive cycles, continuing until cleared

Reward Exclusions

FuelInsuranceInvestmentJewelleryCash AdvancesRental PaymentsEMI SpendsWallet LoadGovt. SpendsEducation FeesGift CardCredit Card Bill Payment

Terms & Conditions

  • The bank may offer a different card variant based on your eligibility; please carefully review the features and benefits of the card offered before submitting your application
  • A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card, failing which you will not be eligible for rewards

Full charges and terms: Bank MITC / Terms