Equitas PowerMiles Credit Card
A ₹5,000-a-year Equitas metal travel card: 3 reward points per ₹100 (worth ₹0.25 each as cashback, ₹1 on five luxury brands’ vouchers), 3x abroad, a 2% forex mark-up, and 2 domestic plus 1 international lounge visit a quarter. Every figure below is copied from Equitas Small Finance Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Fees and charges
| Joining fee | ₹5,000 plus GST MITC |
|---|---|
| Annual fee | ₹5,000 plus GST MITC |
| Annual fee waiver | On ₹4,80,000 of spend in the year Product page |
| GST on fees | As applicable (18% assumed in calculations) |
| Foreign-currency markup | 2% of the transaction, plus GST MITC |
| The first-year fee is reversed on ₹1.2 lakh of spend within 90 days of issue, and the renewal fee waived on ₹4.8 lakh in the previous card year (GST is not reversed). | |
| Reward redemption fee | ₹99 plus GST Product page |
Rewards
Reward points, ₹0.25 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|---|---|
| All eligible spends: 3 points per ₹100 (3x on international spends, not priced here) | 3 points per ₹100 Product page | no cap on record |
Points accrue on multiples of ₹100 and are valid for 3 years. Grocery and utility points are capped at 2,000 a month each.
No rewards on
Benefits
- Lounges: 2 domestic lounge visits a quarter (up to 8 a year) and 1 international visit a quarter (up to 4 a year) Product page
- Fuel: 1% fuel surcharge waived on fills of ₹500 to ₹3,000, up to ₹450 a statement cycle Product page
Also on this card
Quoted from Equitas Small Finance Bank; not counted in the net value.
- 3x reward points on international POS and online spends Product page
- Points redeem 1:1 (worth ₹1) for e-gift vouchers of Apple (Imagine), Tanishq, Taj Hotels, Marks & Spencer and The Body Shop Product page
- 1 international airport lounge visit a quarter (up to 4 a year) Product page
- Club Marriott and EazyDiner memberships on fee payment or spend milestones Product page
- 1:1 transfer of points to select airline and hotel programmes, due from March 2027 Product page
- Global personal concierge Product page
Eligibility
- Annual income of ₹18 lakh or more Terms
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Equitas Small Finance Bank in the documents read
- the card network
- age criteria
The quotes behind the figures
28 figures, each copied from an official Equitas Small Finance Bank document.
Show every quote and source
“PowerMiles ₹ 5,000 ₹ 5,000 PowerMiles Secured”
“Spend Rs. 4,80,000 in the previous anniversary year to get the renewal fee waived off.”
“^^Forex markup for PowerMiles/PowerMiles Secured Credit Card is 2%”
“The value of each reward point depends on redemption type: ₹0.50 per point for travel, vouchers, and catalogue, and ₹0.25 per point for cashback or instant redemption.”
“You will earn 3 reward points for every ₹100 spent on eligible retail transactions, helping you accumulate points on your everyday spending.”
“Reward Points will be earned for transaction amounts in multiples of ₹100, residual amounts or transactions below ₹100 will not earn Reward Points.”
“Reward Points will also not accrue on transactions for Rent, Wallet Load, EMI, Fuel, Cash Advances, Government (on Consumer Retail Cards) and Education (on Business Retail Cards).”
“The fees may vary for each Cardmember, and from offer to offer.”
“Joining & Renewal Fee: Rs.5000”
“Spend Rs. 1,20,000 within the first 90 days of card issuance and get the first-year fee free (excluding GST)”
“Low markup fee of 2% on all foreign currency transactions”
“Customers will be provided with accelerated rewards points on a best effort basis for International POS transactions on PowerMiles/PowerMiles Secured Credit Cards.”
“For PowerMiles card, the applicable spend milestones for memberships are Rs.1,20,000 in first 3 months for 1st year and Rs.4,80,000 annually from 2nd year onwards”
“Premium Metal Card Experience luxury with a metal card”
“No, transactions such as fuel, rent, wallet loads, government payments, cash advances, and EMI conversions are excluded from earning reward points unless specified otherwise.”
“Reward Points earned on Grocery and Utility transactions will be capped at 2000 reward points per month for each category.”
“Yes, a minimum of 500 reward points is required for redeeming points as cashback against your card statement.”
“Yes, a redemption fee of ₹99 per transaction will be charged whenever reward points are redeemed.”
“You can enjoy 2 complimentary domestic lounge visits per quarter, with a maximum of 8 visits per year.”
“Fuel Surcharge Waiver: Save more with a 1% waiver on fuel transactions across India (Up to Rs. 450 per statement cycle on transactions between Rs. 500 and Rs. 3,000).”
“Earn 3X rewards on international transactions. Earn 3RP on every Rs.100 spent. 1 RP= 0.50”
“Enjoy 1:1 burn rates on your accumulated Reward Points exclusively for these E Gift Card Vouchers of 5 Brands – Imagine Apple Premium | Tanishq Jewellery | Taj Hotels | Marks & Spencer | The Body Shop”
“You are eligible for 1 complimentary international lounge visit per quarter, with a maximum of 4 visits per year.”
“Experience luxury with memberships from Club Marriott and EazyDiner.”
“Convert your reward points at 1:1 ratio to select Airlines/Hotels (Feature to be available from Mar’27)”
“Avail global concierge services for your travel, entertainment and business purpose.”
“Eligibility - Annual Income of Rs.18L and above”
“Apply Now Refer & Earn”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Equitas Small Finance Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Equitas Small Finance Bank’s own file from its website, unaltered, fetched 2026-10-16. Methodology