Best Credit Card

All Benefits

  • 5% cashback on groceries, supermarkets and departmental stores (Minimum transaction ₹1,000)
  • Maximum cashback of ₹150 per transaction
  • Maximum cashback of ₹500 per statement cycle
  • 3 reward points per ₹150 spent on all other categories
  • Cashback redeemable on minimum accumulated balance of ₹1,500
  • Cashback redemption allowed in multiples of ₹500
  • Minimum 500 reward points required for redemption
  • Rewards redeemable via 360 Degree Rewards portal against catalogue products/vouchers
  • Cashback and rewards not applicable on cash withdrawals, fees, finance charges or disputed transactions

Fees

Joining Fee No Joining Fee Offset
₹1,179
₹999 + GST
Annual Fee The annual fee is waived if you spend ₹1.2 lakh or more in a year on your card, as per bank policy
₹1,179
₹999 + GST

Eligibility

Age
21-65 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ATM Withdrawal 3% of the withdrawn amount is charged on cash advances using the credit card
3%
Reward Redemption A fee of ₹99 is charged towards handling and courier charges for redemption of reward points
₹99
Railway Surcharge A surcharge of ₹25 or 2.5% is applied to transactions made for booking railway tickets
2.5%
Rent Payment A surcharge fee of 1% applies on rental transactions made using the credit card
1%
Cheque Payment A fee of ₹100 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal
₹100
Cash Payment ₹299 cash payment fee per deposit
₹299

Late Payment Charges

Amount dueFee
₹0 - ₹100₹0
₹101 - ₹500₹100
₹501 - ₹5,000₹500
₹5,001 - ₹10,000₹700
Above ₹10,000₹1200

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

Reward Exclusions

Cash withdrawalsEMIsCash advancesLoansFinance charges

Terms & Conditions

  • The Bank may offer a different card variant based on eligibility. Please review the card features before applying. A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card and become eligible for rewards

Full charges and terms: Bank MITC / Terms