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Equitas PowerMiles Credit Card

Equitas PowerMiles Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Equitas Small Finance Bank Visa Premium 🛡️ Metal Card

Annual Fee

₹5000

Base Rate

3.0%

Reward Type

Points

Overview

The Equitas PowerMiles Credit Card is a Premium credit card issued by Equitas Small Finance Bank on the Visa network. It offers a base reward rate of 3.0% on all spends, with rewards issued as Points(1 pt = ₹0.25).

Annual Fee: ₹5,000
Eligibility: Annual income > ₹18 lakhs (or ₹1.5 lakhs per month), CIBIL score ≥ 750. Primarily for salaried individuals.

Reward Rates & Cashback Rules

  • CATEGORY – International Spends: 9.0% cashback
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Rent: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – Government Payments: 0.0% cashback

Key Features & Benefits

  • Domestic Lounge Access ✈️: 8 complimentary domestic lounge visits per year, with a maximum of 2 per quarter.
  • International Lounge Access ✈️: 4 complimentary international lounge visits per year via Priority Pass, with a maximum of 1 per quarter.
  • Fuel Surcharge Waiver ⛽: Waiver on transactions between ₹500 and ₹3,000, capped at ₹450 per statement cycle.
  • Low Foreign Currency Markup 🌍: 2% foreign currency markup fee, which is reduced to 0% for Diamond tier members.
  • Luxury Memberships 🏨: Complimentary Club Marriott and EazyDiner memberships.
  • Future Miles Transfer Program ✈️: Planned 1:1 points transfer to over 10 airline and hotel partners, scheduled to launch on July 1, 2026.
  • Zero Lost Card Liability 🛡️: Zero lost card liability cover up to ₹10 lakhs.

Eligibility Criteria

Annual income > ₹18 lakhs (or ₹1.5 lakhs per month), CIBIL score ≥ 750. Primarily for salaried individuals.

Features & Benefits

✈️

Domestic Lounge Access

8 complimentary domestic lounge visits per year, with a maximum of 2 per quarter.

✈️

International Lounge Access

4 complimentary international lounge visits per year via Priority Pass, with a maximum of 1 per quarter.

⛽

Fuel Surcharge Waiver

Waiver on transactions between ₹500 and ₹3,000, capped at ₹450 per statement cycle.

🌍

Low Foreign Currency Markup

2% foreign currency markup fee, which is reduced to 0% for Diamond tier members.

🏨

Luxury Memberships

Complimentary Club Marriott and EazyDiner memberships.

✈️

Future Miles Transfer Program

Planned 1:1 points transfer to over 10 airline and hotel partners, scheduled to launch on July 1, 2026.

🛡️

Zero Lost Card Liability

Zero lost card liability cover up to ₹10 lakhs.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

International Spends
Reward: 9.0%
9%
Fuel Exclusion
Rent Exclusion
Wallet Load Exclusion
Government Payments Exclusion

Value Chart

Assuming basic spends for Equitas PowerMiles Credit Card

Category Equitas PowerMiles Credit Card Axis Bank Atlas Credit Card Miles & More World Select Credit Card BOBCARD Eterna Credit Card
₹
Joining Fee 		₹5000 ₹0 ₹0 ₹0
₹
Annual Fee 		₹5000
Joining fee waived on spending ₹1,20,000 within 90 days. Annual fee waived on spending ₹4,80,000 in the preceding year.
 ₹5000 ₹4500 ₹2499
🌍
Forex Markup 		2.0% 3.5% 3.5% 3.5%
%
Base Rate 		3.0% 2.0% 3.0% 3.0%
★
Known Rules 		5 rules 11 rules 9 rules 10 rules

Pros & Cons

✓

Pros

  • + International Spends — 9.0% Points
  • + Domestic Lounge Access
  • + International Lounge Access
  • + Fuel Surcharge Waiver
  • + Low Foreign Currency Markup
✗

Cons

  • − No reward on Fuel
  • − No reward on Rent
  • − No reward on Wallet Load
  • − No reward on Government Payments

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹9000

Annual Fee

₹5000

Net Value

+₹4000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › High spenders who can offset the annual fee through rewards
  • › Frequent flyers who value unlimited airport lounge access
  • › Travellers who use hotel & lifestyle benefits regularly

👎 Not Worth It If…

  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

The annual fee of ₹5,000 is waived if you spend ₹4,80,000 or more in the preceding card anniversary year. The joining fee is waived on spending ₹1,20,000 within the first 90 days.

The value depends on the redemption method. It is ₹0.25 for statement credit, ₹0.50 for portal bookings (for the base Blue tier), and can be as high as ₹1 for select premium brand vouchers or for higher tier members.

You will not earn reward points on fuel, rent payments, wallet loads, and government payments.

The standard foreign currency markup fee is 2%. However, for cardholders who achieve the Diamond tier in the Privilege Program, this fee is reduced to 0%.

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