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 scoreCIBIL score 750 or above preferred
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.
Additional benefitsLED technology: NFC energy harvesting — no battery or charging ever required. Applications via CheQ app from April 28, 2026 with ~48-hour bank approval.
Digital & security
Contactlesstrue
Virtual cardtrue
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.