CUB SalarySe Level Up Credit Card
- Joining fee
₹500 + GST
- Annual fee
₹500 + GST
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
25 Reward Points/₹100 on Transactions made via SalarySe UPI; 1 Reward Point/₹100 on Transactions Made on Other UPI Apps; 5 Reward Points /₹100 on Monthly Spend of Below ₹20,000 and 10 Reward Points/₹100 When Current Bill Exceeds ₹20,000
- Reward redemption
5 SCoins = ₹1
Benefits
- Domestic lounge
1 Lounge Access per Month on Spending ₹10,000 in the Previous Billing Cycle
Fees & charges
- Spend-based waiver
Renewal Fee Waived on Annual spending of ₹2,00,000 or More
- Foreign currency markup
1%
- Interest rates
3.5% Per Month or 42% Per Annum
- Fuel surcharge waiver
1% Fuel Surcharge Waiver, Valid On Fuel Spends Of ₹400 – ₹3,000 At All Fuel Stations Across India
- Cash advance charges
Up to 3% of Cash Withdrawal Amount or ₹250, Whichever is Higher
Product highlights
- CUB SalarySe Level Up Credit Card is made to offer rewards according to the cardholder’s spending pattern.
- The card offers 25 Reward Points for every ₹100 spent on transactions made via SalarySe UPI.
- The card offers 1 Reward Point for every ₹100 spent on transactions made on other UPI Apps.
- Cardholders can earn 5 Reward Points per ₹100 when their monthly spend is below ₹20,000.
- Earn 10 RP per ₹100 when your current bill exceeds ₹20,000.
Pros & cons
Pros
- This card has a low Forex charge of 1%, which is significantly lower than the industry average of 3.5%.
Cons
- Salary day bonus is only applicable on the first and last day of the month.
- All Reward Points shall expire upon the completion of eighteen months from the date on which such points are earned, so the user has to use the Reward Points within eighteen months.
FAQs
What is the value of 1 Scoin?
5 Scoin = ₹1, so that will make the value of 1 Scoin = ₹0.20.
Will I still have access to the domestic lounge if I switch to virtual-only?
No, once you switch to virtual only, you will not have access to the domestic lounge.