Equitas Small Finance Bank Credit Cards

Right now, Equitas Small Finance Bank has three main credit cards. These cards are made for different types of spending needs. Apart from this, as reported by the Economic Times, the bank also offers one co-branded credit card with HDFC Bank.

The bank has made these cards different for different people. Some cards are for low-income, some for higher-income, and some for specific spending. The section explains all details in a simple way, like features, eligibility, card type, fees, rewards, daily use examples, and how anyone can apply.

Equitas Selfe Credit Card and its digital services are mainly handled through the Selfe Loans App. This app was launched by Equitas in October 2024. It is made as a simple mobile app so that customers can easily take loans and manage their credit cards in digital way.

Card Types & Target Users (Straight Talk)

#	Card Name	Card Type	Target User
1	Tiga	Lifestyle card with EMI rewards	Entry-level salary people, regular UPI users
2	Selfe	Custom reward credit card	OTT users, people who spend in fixed categories
3	PowerMiles	Premium travel credit card	High-income people, frequent travellers

The Tiga card is mainly for beginners who are using a credit card for the first time. Selfe card suits people who spend more on OTT and selected categories. The PowerMiles card is made for high-income customers who travel often.

1. Equitas Tiga Credit Card

The Equitas TIGA Credit Card is made for people who mostly use UPI and tap-to-pay in daily life. This is not a luxury or travel card. It is a practical card for small cities, salary users, and regular spending.

What This Card Is Actually For

• Daily payments through UPI
• Contactless payments at shops
• Buying things on short EMI without a headache

Everything is designed to work digitally, mostly through mobile.

Pay-by-3 Feature – Main Highlight

This is the main reason people look at this card.

• When you spend at selected partner merchants
• The amount automatically gets split into 3 monthly EMIs
• You don’t need to apply for EMI separately
• No manual conversion is required

Example: If you buy something worth ₹30,000, it becomes ₹10,000 per month for 3 months, and reward points are still credited.

Rewards – Where You Get More

You earn higher rewards when you use:

• UPI payments
• Tap-to-pay machines
• Pay-by-3 partner brands

For these, you get 3 reward points per ₹100. For all other spends, you get 1 reward point per ₹100.

Reward value:

• Better value when used for vouchers or products
• Lower value if taken as cashback

So this card is more useful if you redeem smartly.

Interest and Credit Period

• The first three months come with 0.99% monthly interest
• Interest-free period is up to 50 days

Good for short-term usage, not meant for long outstanding balances.

Fuel Benefit

• 1% fuel surcharge waiver
• Valid for bills between ₹500 and ₹3,000
• Maximum benefit is ₹100 per statement cycle

Helpful for regular fuel expenses.

Insurance Covers

The card includes basic protection:

• Air accident cover
• Credit shield
• Lost card liability cover

This is standard safety, not premium insurance.

Pay-by-3 Partner Merchants

Some commonly available brands include:

• Tata Cliq
• Netmeds
• Skullcandy
• Tony & Guy
• SLAM Fitness
• Lectrix
• Prashanti Sarees

Mostly lifestyle and online shopping brands.

Fees and Eligibility (Clear View)

Item	Details
Joining Fee	₹500 + GST
Annual Fee	₹500 + GST
First Year	Free for a limited period
Fee Waiver	₹1.2 lakh annual spend
Income Needed	Around ₹35,000 per month
Age Limit	22 to 60 years
Add-on Cards	Up to 5, free

Who Should Choose This Card

This card is suitable if:

• You use UPI almost every day
• You want easy EMI for small purchases
• You are a salary earner from a tier-2 or tier-3 city
• You want a simple, low-cost credit card

If you are looking for lounge access or travel rewards, this card is not meant for that.

2. Selfe Credit Card

The Equitas SELFE Credit Card is the lifestyle card in the Equitas lineup. This card is for people who want control—control over rewards, OTT subscriptions, card look, and even billing date. It is not for UPI-only users and not for heavy travel junkies. It sits in the middle.

Core Idea of SELFE Card

You decide everything: Customise each step –

• Where do you want higher rewards
• Which OTT apps do you want for free
• What type of card do you want to carry
• When your bill should be generated

This card is all about choice.

Top Features & Benefits

• You can choose any 2 spending categories and earn 5× reward points on them
  • Examples: Dining, Grocery, Entertainment, Departmental Stores
• You get 2 free OTT subscriptions after card activation and spending requirement
  • Options include Amazon Prime, Disney+ Hotstar, SonyLIV, and YouTube Premium
• If you spend ₹50,000 in one quarter, you get 1,000 extra reward points
• 1 free domestic airport lounge visit every quarter
• 1% fuel surcharge waiver on fuel spends between ₹400 and ₹5,000
• You can select your billing date: 12th, 16th, or 20th of every month. Helpful if salary date matters.

Card Style – You Choose the Look

This is rare and useful.

• Normal plastic card: ₹0
• Green card (recycled plastic): ₹250
• Metal card: ₹3,500

Purely optional. Rewards stay the same.

Fees & Eligibility

Detail	Information
Annual Fee	₹1,000 + GST
Fee Waiver	Spend above ₹2 lakh in a year
Income Required	₹5–10 lakh per year
Monthly Income (Approx)	₹42,000 – ₹85,000
Age Limit	22 to 60 years

Suppose Aman selects the Grocery and Utility categories. Every month, he spends around ₹8,000 on ration and vegetables and pays about ₹3,000 for electricity and gas bills. On this ₹11,000 spend, he earns 5× reward points. Along with this, Aman also gets two OTT subscriptions, saving on monthly entertainment costs.

3. Equitas PowerMiles Credit Card

The Equitas PowerMiles Credit Card is the bank’s top-end metal card. Unlike normal cards that focus on shopping or UPI, this one is built only for travel and comfort. It suits people with high incomes and regular international trips.

Core Idea – What You Actually Get

If you use this card:

• Your spending converts into air miles
• Get airport lounge access without worrying about limits
• You save money on foreign transactions
• You also get premium support and services

Unlike basic cards, this card gives benefits mainly when you travel more and spend more.

Travel & Premium Benefits

• You can transfer reward points into air miles at a 1:1 ratio
  • Works with airlines like Air India and InterMiles
  • Also useful for hotel loyalty programs
• You get unlimited domestic lounge access
• International lounges are available through Priority Pass
• If you reach Diamond Tier, forex markup becomes zero, which saves real money
• International spending and travel bookings give high value back

So if you travel abroad, this card reduces many hidden costs.

Tier System – Spend More, Get More

This card works on levels.

• Silver, Gold, and Diamond tiers
• If your yearly spend crosses ₹15 lakh, you enter the Diamond Tier
  • Highest rewards
  • Best travel benefits
  • Lowest cost on forex spending

For normal domestic use:

• You earn 2 reward points per ₹100
• Fuel and rent are usually not counted

Charges & Eligible

Detail	Value
Annual / Renewal Fee	₹5,000 + GST
First Year Waiver	₹1.2 lakh spend in first 90 days
Renewal Waiver	₹4.8 lakh yearly spend
Income Required	₹18 lakh or more
Welcome Gift	5,000 reward points or premium vouchers

Insurance & Concierge – Extra Comfort

If you travel, these things help:

• Insurance for air accident, flight delay, and baggage loss
• 24/7 Visa Infinite Concierge
  • You can call for flight booking
  • Hotel or restaurant reservation
  • Event tickets

Unlike regular cards, here you get human support, not just an app.

Real Usage Example (Easy to Relate)

Suppose you book an international trip and spend ₹2 lakh.

• You earn strong reward points
• You use lounges in India and abroad
• Forex charges are very low or zero
• You save ₹2,000 or more compared to normal cards

This is where the PowerMiles card actually shows its value.

Should You Take This Card?

Take it if:

• You travel internationally every year
• spend big amounts
• want air miles instead of cashback
• You want comfort, not basic features

Unlike TIGA or SELFE, this card is not for daily UPI users.

How the Reward Program Works of Equitas Cards – Xchange

All three Equitas credit cards use the same reward system, called Xchange. So whether you use a basic card or a premium card, reward handling is done in one place.

How to redeem Reward Points

• Use the credit card for regular spending
• Reward points get added automatically
• Log in to the Xchange portal
• Check total reward points
• Choose how you want to use them
• Redeem points for:
  • Products
  • Shopping or OTT vouchers
  • Flight or hotel bookings
  • Cashback
  • Airline miles (only for the PowerMiles card)

Important Reward Rules

• Your Reward points are valid for 3 years
• No reward points are given on:
  • Rent payments
  • Wallet top-ups
  • Fuel spending
  • Government service payments
• Best rewards come from normal shopping and bill payments

How to Apply Equitas Credit Cards (All)

• Visit Equitas Credit Card page or open Selfe Loans App
• Select the card you want: TIGA / SELFE / PowerMiles
• Enter your mobile number and verify OTP
• Fill basic personal and income details
• Upload required documents
• Choose extra options (for SELFE or PowerMiles, if any)
• e-Sign the form and submit
• Bank does verification
• After approval, card is dispatched
• Activate the card using Selfe Loans App

That’s it. No branch visit needed in most cases.

Documents Required (Same for All Cards)

You will need these basic documents:

• Your PAN card (mandatory)
• One ID proof:
  • Aadhaar / Passport / Voter ID / Driving Licence
• Address proof (only if current address is different)
• Income proof:
  • Last 3 months salary slips OR
  • ITR or bank statement
• Passport-size photo (only if asked)

FAQs