Fees
Annual feeINR 499 + GST
Joining feeINR 499 + GST (plus INR 999 one-time LED fee; waived until May 31, 2026 for existing CheQ customers)
Renewal feeINR 499 + GST
Fee waiverAnnual fee waived on INR 3,00,000 annual spend
Spend waiverINR 3,00,000
Interest rate3.49% per month
Late paymentINR 100 – INR 1,200 based on outstanding amount
Forex markup3.5% + GST
Cash advance2.5% of amount (minimum INR 500)
Eligibility
Min income (salaried)INR 25,000 per month
Credit score750
Age range21 years and above
Rewards & cashback
Redemption optionsGift cards across 40 Indian brands. CheQ Travel (flights and hotels). Credit card bill payment. Utility bill payments. All managed within the CheQ app.
Welcome bonusComplimentary EazyDiner Prime membership (worth INR 695) on card activation.
Lifestyle
ComplimentaryComplimentary EazyDiner Prime membership (INR 695 value) on activation.
Special offersLimited period: INR 999 LED fee waived until May 31, 2026 for existing CheQ customers. Annual fee (INR 499) waived on INR 3 lakh annual spend.
AdditionalLED technology: NFC energy harvesting — no battery or charging ever required. Applications via CheQ app from April 28, 2026 with ~48-hour bank approval.
Credit limit & EMI
Default limitINR 100000
Max limitINR 500000
EMI conversionYes
Balance transferNo
Insurance & protection
Purchase protectionYes — zero liability on unauthorised transactions; purchase protection on eligible spends
Lost card liabilityYes — zero liability on fraud reported within 7 days of card loss or theft
Digital & security
ContactlessYes
Virtual cardYes — virtual RuPay credit card available via AU 0101 app
App featuresFull card lifecycle managed within CheQ app: application (5-min process, ~48-hr approval), spend tracking, reward redemption, bill payment, EMI management. LED lights up on every contactless tap — powered by NFC energy harvesting from POS terminal.
Card controlsBlock/Unblock Card; Enable/Disable International Transactions; Enable/Disable Online Transactions; Set Transaction Limits; Card on/off toggle; EMI conversion; Virtual Card generation
Fraud protectionReal-time SMS and email transaction alerts; AI-based risk monitoring; OTP-based online authentication; Tokenisation (RBI mandated); 24x7 fraud monitoring
Zero liabilityZero liability if fraud reported within 7 days; limited liability between 4-7 days per RBI guidelines
WhatsApp supportYes — WhatsApp Banking available