Fees
Annual feeNil (Lifetime Free)
Joining feeINR 0
Renewal feeNil (Lifetime Free)
Fee waiverNA - Lifetime free card
Interest rateUp to 3% per month (36% per annum)
Late paymentAs per bank T&C (standard applicable charges)
Forex markup3% of transaction value
Cash advance5% of amount or INR 500 (whichever is higher)
Eligibility
Min income (salaried)NA (FD-backed; minimum FD of INR 2,000)
Min income (self-emp.)NA (FD-backed; minimum FD of INR 2,000)
Income requirementSalaried: NA (FD-backed; minimum FD of INR 2,000); Self-employed: NA (FD-backed; minimum FD of INR 2,000)
Credit score0 - 650 (No minimum CIBIL required; FD-backed secured card)
Age range18 to 65
Employment typeBoth
Resident typeIndian Resident
Rewards & cashback
Accelerated rateYes - 3% reward points on recharges & bill payments via PhonePe; 1% reward points on select leading eCommerce brands
Cashback %NA (rewards-based, not direct cashback)
Cashback capNA (rewards-based; monthly milestone: 200 bonus points on INR 15,000/month spend)
Redemption optionsStatement Credit / Cashback (direct; 1 pt = INR 1)
Points expiryAs per PhonePe / Utkarsh T&C
Travel & lounge
Domestic lounge0 visits (no lounge benefit)
International lounge0 visits (no lounge benefit)
Lounge conditionsNo
Travel insuranceNo
Hotel/flight offers0% - 5% (via PhonePe partner offers)
ConciergeNo
Forex waiver3.5% (Standard Rate)
Lifestyle
Dining benefitsNo
Dining discountsNo
Fuel surchargeNo
OTT subscriptionsNo
E-commerce offersYes - 1% reward points on select leading eCommerce brands via PhonePe
Credit limit & EMI
Default limitUp to 90% of FD value (min FD INR 2,000)
Max limitINR 50,000 - INR 1.5 lakh (based on FD size)
Cash withdrawalUp to 20% of credit limit
EMI optionsPost-purchase; Yes - at participating merchants
EMI conversionPost-purchase
Min EMI amountINR 2,500 - INR 3,000
Balance transferNo
Insurance & protection
Purchase protectionNo
Lost card liabilityYes
Digital & security
ContactlessYes
Virtual cardYes - available via PhonePe app
App featuresReal-time Spend Alerts; Card Lock/Unlock; View Statements & Due Dates; Rewards Tracking & Redemption; UPI Payments (RuPay linked); Autopay Setup
Card controlsBlock/Unblock Card; Enable/Disable Online Transactions; Enable/Disable Contactless (NFC); Card PIN Reset; Report Lost/Stolen Card; View/Generate Virtual Card
Fraud protectionReal-time Transaction Alerts; OTP for Online Transactions; Tokenization (RBI Mandated); Instant Card Block Option; Zero Liability Guarantee
Zero liabilityZero liability if fraud reported within 3 working days; limited liability if reported within 4-7 days; full liability if delayed beyond 7 days without valid reason
WhatsApp supportYes (via PhonePe app support channel)