The verdict
A highly adaptable lifestyle card tailored to your unique spending habits. The freedom to select two 5X categories alongside quarterly airport lounge access and OTT benefits makes clearing the ₹1.5L fee waiver effortlessly rewarding.
Spending ₹10,000/mo in chosen 5X categories (₹3,000 points/yr) + general retail (₹1,200 points/yr) + 4 domestic airport lounges (₹4,800) + OTT subscription (₹1,499) + saves ₹400 on fuel clears the ₹1.5L spend to waive the ₹1,000 fee, delivering over ₹11,899 in net annual value (11.9× ROI).
5X category selection is locked for quarterly intervals and cannot be changed daily.
✓What works
- +Choose any 2 categories (Apparel, Dining, Grocery, Utility, Taxi) to earn 5X Reward Points (2.5% return).
- +4 complimentary domestic airport lounge visits per year (1 per calendar quarter).
- +Complimentary annual OTT subscriptions (Amazon Prime, SonyLIV, or Zee5) on welcome & milestone spends.
- +Earn 2 Reward Points per ₹100 spent (1.0% return) across all other general domestic retail.
- +Annual fee of ₹1,000 waived on spending ₹1,50,000 in the anniversary year.
- +1% fuel surcharge waiver on all petrol pumps in India on transactions between ₹400 and ₹4,000.
✕What doesn't
- −Annual fee of ₹1,000 + GST.
- −5X reward points in chosen categories are capped at 1,500 points per billing cycle.
- −Standard 3.5% + GST forex markup on international transactions.
What it earns
1 Reward Point = ₹0.50 when redeemed for catalog shopping vouchers or statement credit on Equitas Rewardz.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| 2 Picked 5X Categories (Apparel/Dining/Grocery/Utility/Taxi) | 5X (5 pts / ₹100 = 2.5%) | 1,500 pts / mo | 5,000 pts (₹2,500 value) |
| All Other Domestic Retail Spends | 2 pts / ₹100 (1.0%) | Uncapped | 2,000 pts (₹1,000 value) |
| Fuel & Rent | 0% | Excluded | 0 pts |
Accelerated earn
5X Rewards on 2 Picked Categories & 4 Airport Lounges
Customize your rewards to earn accelerated points where you spend most.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Category 1 (e.g. Dining)5 pts per ₹100 spent. | 5X · 2.5% | 1,500 pts / mo | — |
| Category 2 (e.g. Grocery)5 pts per ₹100 spent. | 5X · 2.5% | 1,500 pts / mo | — |
| Fee WaiverWaived at ₹1.5L spend. | 100% · ₹1,000 Waived | 1 / year | — |
Redemption options
Redeem points directly on the Equitas Rewardz portal for brand gift cards or statement cash credit at 1 pt = ₹0.50.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Brand Vouchers & Gift CardsBEST VALUE | ₹0.50 / Reward Point | 500 pts | None | Nil |
| Statement Cash Credit | ₹0.25 / Reward Point | 1,000 pts | None | ₹99 + GST |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Apparel, dining, grocery, utility bills, and taxi/cab rides.
- +4 domestic airport lounge visits.
- +Annual OTT streaming subscriptions.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel purchases (1% surcharge waiver on ₹400–₹4,000).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹1,000 + GST |
| Annual Renewal Fee | ₹1,000 + GST (Waived at ₹1.5 Lakhs spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.49% / month (41.88% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–65 years |
| Salaried Income | ₹35,000+ monthly net salary |
| Self-Employed Income | ITR above ₹4.5 Lakhs per annum |
Frequently Asked Questions
Does Equitas Selfe Credit Card offer airport lounge access?
What are the MITC charges, annual fees, and interest rates for Equitas Selfe Credit Card?
What is the reward rate and point redemption value on Equitas Selfe Credit Card?
Which transactions are excluded from earning rewards on Equitas Selfe Credit Card?
Who is Equitas Selfe Credit Card best suited for in 2026?
Editorial Deep-Dive Analysis
Comprehensive Overview: Equitas Selfe Credit Card
The Equitas Selfe Credit Card is Equitas Small Finance Bank’s customizable mid-tier lifestyle credit card, engineered on the Visa network for everyday shoppers, young families, and digital entertainment consumers. Positioned at an accessible annual fee of ₹1,000 + GST—which is fully waived upon reaching ₹1,50,000 in annual retail spending—the card empowers cardholders with the flexibility to choose where they earn maximum reward returns.
Cardholders can select any 2 preferred spending categories from a versatile roster of five everyday options—Apparel, Dining, Grocery, Utility Bills, or Taxi/Cab Rides—to earn an accelerated 5X Reward Points (2.5% valueback, earning 5 points per ₹100 spent), capped at 1,500 points per billing cycle. All other general retail purchases earn a solid baseline of 2 Reward Points per ₹100 spent (1.0% return). In addition, the card includes 4 complimentary domestic airport lounge visits annually (1 visit per calendar quarter), complimentary annual OTT subscriptions (including Amazon Prime and SonyLIV) upon meeting welcome and milestone criteria, and 1% fuel surcharge waivers on transactions between ₹400 and ₹4,000. With 1 Reward Point valued at up to ₹0.50 on brand vouchers, the Equitas Selfe offers outstanding personalized rewards.
Key Privileges and Practical Everyday Benefits
- Customizable 5X Rewards: Select any 2 categories from Apparel, Dining, Grocery, Utility, or Taxi to earn 5 Reward Points per ₹100 spent (2.5% return, capped at 1,500 points/month).
- Complimentary Domestic Lounge Access: Enjoy 1 complimentary domestic airport lounge visit per calendar quarter (4 visits annually).
- OTT Entertainment Memberships: Receive complimentary annual subscriptions to popular OTT streaming platforms (like Amazon Prime and SonyLIV) upon completing eligible welcome and milestone spends.
- Reliable Base Rewards: Earn 2 Reward Points per ₹100 spent (1.0% return) on all other eligible domestic retail spending.
- Accessible Spend-Based Fee Waiver: Settle ₹1,50,000 in eligible retail transactions within the card anniversary year to completely waive the ₹1,000 annual renewal fee.
- Fuel Surcharge Savings: Enjoy a 1% fuel surcharge waiver across all petrol pumps in India on fuel transactions between ₹400 and ₹4,000.
Important Terms and Spend Conditions to Keep in Mind
- Annual Fee Waiver Spend Condition: Full waiver of the ₹1,000 annual renewal fee requires settling ₹1,50,000 in eligible retail spending within the card anniversary year.
- 5X Monthly Reward Capping: Accelerated 5X points in the 2 chosen categories are capped at 1,500 Reward Points per billing cycle.
- Lounge Distribution Structure: Domestic airport lounge access is structured at 1 visit per calendar quarter and cannot be accumulated or carried forward into future quarters.
- Reward Point Valuation & Minimum Redemption: 1 Equitas Reward Point equals ₹0.50 when redeemed for brand gift cards (minimum redemption threshold is 500 points) or ₹0.25 for direct statement credit (subject to a ₹99 + GST processing fee).
- Excluded Spend Categories: Fuel transactions, real estate rent payments, and wallet reloads are excluded from reward point accrual.
Who Benefits Most
- Personalized Lifestyle Spenders: Cardholders who concentrate spending in specific buckets like groceries, family dining, utility bills, or apparel and want targeted 2.5% returns.
- Streaming & OTT Enthusiasts: Consumers seeking complimentary Amazon Prime and OTT memberships without paying separate subscription fees.
- Domestic Travelers & Commuters: Everyday spenders who appreciate quarterly domestic airport lounge access and can easily achieve ₹1,50,000 in annual spending for complete fee waiver.
- Equitas Small Finance Bank — Selfe Credit Card schedule of charges
- Equitas Bank Custom Reward & Milestone Benefit guidelines
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).