Equitas Bank Tiga Credit Card
- Joining fee
Lifetime Free
- Annual fee
Lifetime Free
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
1RP/₹100 Spent, 3X RPs on UPI, Contactless Payments, and Pay-by-3 Merchants
- Reward redemption
Redeem Points for Various Products, Vouchers, and Cashback
Fees & charges
- Spend-based waiver
Spend ₹50,000 In an Anniversary Year
- Foreign currency markup
3.4%
- Interest rates
3.75% Per Month (45% Annually)
- Fuel surcharge waiver
1% Waiver Up to ₹3,000 on Transactions Between ₹500 & ₹3,000
- Cash advance charges
2.5% or ₹250, Whichever is Higher
Product highlights
- The card comes at a low annual fee of ₹500 + GST, making it an affordable option.
- It offers an accelerated reward rate of 3X Reward Points on UPI transactions, contactless payments, and Pay-by-3 merchants.
- An introductory low interest rate of 0.99% per month for the first three months, helping cardholders manage their initial spending more affordably.
Pros & cons
Pros
- The card automatically converts transactions made with select merchants into three-month EMIs, making it easier for cardholders to manage their expenses.
- The annual fee of ₹500 plus GST can be waived if the cardholder spends ₹50,000 within an anniversary year, providing a cost-saving benefit.
- Enjoy a highly competitive introductory interest rate of just 0.99% per month for the first three months.
Cons
- The card does not offer any additional lifestyle perks such as dining discounts, travel benefits, or entertainment rewards, making it less appealing.
- Lacks complimentary lounge access, which is a common feature in many competing credit cards within a similar price range.
- Reward points earned on transactions have limited redemption value, especially when converted into cashback (1 RP = ₹0.10), reducing the rewards program’s overall benefits.
FAQs
What is the annual fee for the Equitas Tiga Credit Card?
The annual fee for the Equitas Tiga Credit Card is ₹500 + GST.
What is the reward rate for the Equitas Tiga Credit Card?
The card offers 1 Reward Point per ₹100 spent, and 3X Reward Points on UPI, contactless payments, and Pay-by-3 merchants.
Are there any restrictions on earning reward points with the Equitas Tiga Credit Card?
Yes, zero reward points are earned on rent payments, wallet loads, fuel, or government services.
What is the ‘Pay-by-3’ feature?
This feature allows transactions with select merchants to be automatically converted into 3-month EMIs with an interest rate of 1.25% per month and no processing fee.
Does Equitas Tiga Credit Card offer any lifestyle or travel benefits?
No, the card does not offer airport lounge access, movie discounts, or dining benefits.