You can earn 2 reward points for every INR 150 spent. You can earn 3X reward points on Utility bills, IRCTC and Tax payments at a maximum of 500 reward points per month. You can get cashbacks at the rate of 0.39% on Utility bills and 0.13% on general spendings.
Offline
You can earn 2 reward points for every INR 150 spent. You can earn 3X reward points on the purchase of fuel and grocery at a maximum of 500 reward points per month. You can get a cashback at the rate of 0.39% on grocery.
Other Rewards
1. You can get 3X Rewards on Fuel & Grocery at a maximum of 500 Reward Points per Month.
2. You can get 3X Rewards on Utility Bills, IRCTC & Tax Payments at a maximum of 500 Reward Points Per Month.
3. You can receive 500 Bonus Reward Points on spending INR 20,000 per month.
4. You can receive 2500 Bonus Reward Points on spending INR 1,80,000 per year.
5. Extended cashback rates mentioned above, and 3X rewards also applicable for spending at supermarkets and departmental stores
Domestic Lounges
Not Applicable
International Lounges
Not Applicable
Fuel Surcharge Waiver
1% on the purchase of fuel between INR 400 to INR 5000 at any station across India. You can get a cashback of maximum INR 250 at each statement cycle.
Reward Rate
2 reward point on every INR 150 spent, where 1 reward point means INR 0.2 General Cashback is 0.39% on Utility bills and 0.13% on grocery.
Redemption Process
You can redeem via HDFC NetBanking:
Select “Cards,” then click on “Redeem Reward Points,” and proceed with the redemption options available, like Product catalog, Insta Vouchers, Cash, Airmiles.
Exclusions –
No reward points on rental and government-related transactions.
Fee
Joining Fee
INR 500
Renewal Fee
INR 500
Fee Waiving
Annual fee can be waived off on spending INR 1 Lakh. Joining fee can be waived off on spending INR 20,000 within 90 days of issuing the card.
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Forex Markup
2%
Cash Advance Charges
Higher of INR 500 or 2.5% of the amount withdrawn.
Reward Redemption Fee
INR 99
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Interest Rates
3.75%
Cash Withdrawal Fee
Higher of INR 500 or 2.5% of the amount withdrawn.
Over Limit Penalty
Higher of INR 550 or 2.5% of the overlimit amount.
Card Replacement Fee
INR 100
Min. Repayment Amount
Higher of 200 or 5% of the outstanding balance.
Late Payment Fee
Up to INR 100: Nil INR 101 to INR 500: INR 100 INR 501 to INR 1,000: INR 500 INR 1,001 to INR 5,000: INR 600 INR 5,001 to INR 10,000: INR 750 INR 10,001 to INR 25,000: INR 800 INR 25,001 to INR 50,000: INR 1,100 More than INR 50,000: INR 1,300.
Reward Points Cap
500 Reward Points per month
Cash Advance Limit
40% of the credit limit
Pros
1. You can get Bonus Rewards on reaching expenditure limits.
2. You can get 3X Accelerated Rewards on specific categories.
3. You can get a cashback with elimination of fuel surcharge.
4. Smart EMI option available for the cardholders.
5. Beneficial for the users looking for a reward credit card.
6. Suitable for individuals trying to build their credit score.
7. You get to enjoy Co-branded benefits, offering best-in-class services from HDFC and Equitas Bank.
Cons
1. You do not get any reward points on rental and government-related transactions.
2. Reward points are capped on monthly basis.
3. Finance charges are high at 3.75% per month.
4. The information regarding forex markup percentage and joining fee is not clear.
5. You do not get the benefit of international or domestic airport lounge access.
Welcome Benefits
You can earn 2 Reward Points for every INR 150 spent.
You can earn 2x Reward Points on all online transactions.
Joining fee can be waived off on spending INR 20,000 within 90 days of issuing the card.
How to Apply
Visit the Equitas Small Finance Bank website and click on the “Apply for Credit Card” tab
Select the Equitas Excite credit card and click on “Apply Now”
Fill out the online application form and submit it
Upload required documents and latest salary slip
Mandatory Documents:
PAN Card
Aadhaar Card
Latest Salary Slip
Eligibility
Equitas Small Finance Bank customers.
Salaried: Net Monthly income INR 24,000 and above.
Self Employed: ITR of ₹6 Lakhs per annum or above.
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