Fees
Annual feeNil (if credit limit ≥INR 4,500); INR 199+GST (if credit limit <INR 4,500)
Joining feeINR 0
Renewal feeNil (if credit limit ≥INR 4,500); INR 199+GST (if credit limit <INR 4,500)
Fee waiverAnnual fee waived for FD amounts above INR 5,000 (giving limit ≥INR 4,500)
Interest rate3.5% per month (42% per annum)
Late payment5% of outstanding (min INR 50, max INR 1,000)
Forex markup3.50%
Cash advance2.5% of amount or INR 100, whichever is higher
Eligibility
Min income (salaried)None required; min FD INR 2,000
Min income (self-emp.)None required (FD-backed)
Income requirementSalaried: None required; min FD INR 2,000; Self-employed: None required (FD-backed)
Credit scoreNo credit score required
Age range18+
Employment typeBoth
Resident typeIndian Resident
Rewards & cashback
Accelerated rateYes - 2-3% unlimited cashback on UPI/offline; 10% on PhonePe spends (periodic)
Cashback %2% on UPI, 3% on POS (offline), periodic 10% on select apps like PhonePe
Cashback capUnlimited cashback (no stated monthly cap on base rates)
Redemption optionsCashback (direct to bank), periodic partner offers via Kredit.Pe app
Points expiryNo Expiry
Travel & lounge
Domestic lounge0 visits (no lounge benefit)
International lounge0 visits (no lounge benefit)
Lounge conditionsNo spend condition (see issuer for current terms)
Travel insuranceNo
Hotel/flight offersNo
ConciergeNo
Forex waiverNo waiver (3.5% charged)
Lifestyle
Dining benefitsYes - periodic offers via Kredit.Pe app
Dining discountsYes - periodic offers via Kredit.Pe app
Fuel surchargeYes - 1% surcharge waiver
OTT subscriptionsNo
E-commerce offersYes - cashback on bill payments via Kredit.Pe ecosystem
Credit limit & EMI
Default limit90% of FD amount (min FD INR 2,000; min limit ~INR 1,800)
Max limitBased on FD amount
Cash withdrawal50% of credit limit
EMI optionsNo; No
EMI conversionNo
Balance transferNo
Insurance & protection
Purchase protectionNo
Lost card liabilityYes
Digital & security
ContactlessYes (RuPay - UPI enabled)
Virtual cardYes - Instant virtual card
App featuresReal-time Spend Alerts, Card Lock/Unlock, View Statements & Due Dates, Rewards Tracking & Redemption, Block Lost/Stolen Card, Virtual Card View
Card controlsBlock/Unblock Card, Enable/Disable International Usage, Enable/Disable Online Transactions, Card PIN Reset, Report Lost/Stolen Card, View/Generate Virtual Card
Fraud protectionOTP for Online Transactions, Tokenization (RBI Mandated), Real-time Transaction Alerts, Instant Card Block Option, Chargeback within 60 days for disputed transactions
Zero liabilityZero liability if fraud reported within 3 working days
WhatsApp supportNo