Equitas Bank PowerMiles Credit Card

Card Details

Issuer: Equitas Small Finance Bank
Card type: Travel
Joining fee: ₹5,000 + GST
Annual fee: ₹5,000 + GST
Rewards currency: Reward Points

Highlights

Complimentary Club Marriott & EazyDiner Memberships
3x Reward Points on International Transactions
Low markup fee of 2% on foreign transactions

Welcome, annual & renewal benefits

Annual fee: ₹5,000 + GST
Joining fee waived on spending ₹1.2 lakh in first 90 days.
Annual fee waived on spending ₹4.8 lakh annually.
Welcome Benefit: Complimentary Club Marriott Membership and EazyDiner Membership.

Reward earning

Spend type	Earn rate
International POS & Online	9 Reward Points / ₹100
All Other Eligible Spends	3 Reward Points / ₹100

Reward points can be converted to air miles across 10+ partners at a 1:1 ratio (starting July 2026).
Value of 1 RP depends on your Privilege Tier

Privilege Tier

Tier	Blue	Silver	Gold	Platinum	Diamond
Spends Criteria	NA	₹20K per month for 3 months	₹40K per month for 3 months	₹60K per month for 3 months	₹100K per month for 3 months
Flights / Hotels /Bus /Vouchers / Merchandise / BillPay	0.5	0.5	0.5	0.75	1
Cashback / Insta Redemption (Pay by points)	0.25	0.25	0.25	0.35	0.5
Forex Mark-up	2%	2%	2%	2%	0%
Bouns RPs	—	500	—	—	—
Movies Vouchers worth Rs. 250	0	0	1	2	3
Amazon Vouchers worth Rs. 500	0	0	1	2	3
One way ticket per Year (₹3,000)	0	0	0	0	1
Room Night per Year (₹3,500)	0	0	0	0	1

Flights / Hotels / Bus / Vouchers / Catalogue / BillPay: Basis the Tier, customer will have the respective rewards redemption value.
Value of 1 RP depends on your Privilege Tier
1:1 points transfer is expected to launched by July, 2026 (has already been postponed multiple times)

Review

This might become an absolute must card for high Forex spenders as one can extract an insane 9 % value. For others this might not make too much sense. Reward redemption logic is complicated and we don't know when the points transfer partners will finally come.'