Home » Credit Cards » Equitas Selfe Credit Card: First Year Free (Limited Time) + 5X Rewards on 2 Categories You Pick

Credit Cards

Equitas Selfe Credit Card: First Year Free (Limited Time) + 5X Rewards on 2 Categories You Pick

APPLY NOW

SaveSavedRemoved 0

October 27, 2026

2 Views

Get the Equitas Selfe Credit Card 2026: first year free (limited time), 5X rewards on 2 chosen categories, 2 memberships & lounge access. Apply today!

Key Highlights at a Glance

Rewards & Benefits Fact Sheet

🎯 Reward Rates (Points → Real ₹ Value)

5X categories (pick 2 of 5, identified by MCC):

• Dining: 5462, 5812, 5814
• Apparel: 5311, 5611, 5621, 5641, 5651, 5691
• Grocery: 5399, 5411, 5441, 5499
• Utility: 4814, 4900
• Taxi: 4121

Defaults if you skip the choices: apparel and dining for 5X, Amazon Prime and Jio Hotstar for memberships, RuPay, 12th billing date, regular card design.

🧮 Real Spend Examples

• ₹10,000 on dining (a chosen category): 1,000 RP, worth ₹350 on Xchange or ₹150 as cashback.
• ₹10,000 on a non-chosen category: 200 RP, worth ₹70 on Xchange or ₹30 as cashback.
• ₹1,999 on a chosen category: only 19 full hundreds count, so 190 RP, worth ₹66.50 or ₹28.50.
• After the ₹99 redemption fee: ₹10,000 of dining redeemed as cashback nets ₹51 (₹150 − ₹99). Via Xchange it nets ₹251.

🚫 Zero-Reward Categories

• No points on rent, wallet loads, government payments, EMI transactions or cash advances. The MITC also excludes fuel.
• Fuel transactions that receive the surcharge waiver earn no points.
• Points are reversed if a purchase is converted into Merchant EMI or Switch EMI.

⚠️ Fine Print

• Rounding: points accrue per full ₹100 only; residual amounts earn nothing.
• Caps: grocery points are capped at 2,000 RP per month, which is about ₹20,000 of 5X grocery spend or up to ₹700 in Xchange value. Insurance points are capped at 2,000 RP per day. The MITC also caps utility at 2,000 RP per month, while the Selfe T&C lists only grocery.
• Redemption: a ₹99 fee applies to every redemption, and a minimum of 500 RP is needed for statement cashback. A 500 RP cashback redemption is worth ₹75, so it costs more in fees than it returns. Cashback breaks even at about 660 RP, and Xchange at about 283 RP.
• Where to redeem: flights, hotels, vouchers and catalogue via Xchange Rewards at ₹0.35/RP, or statement cashback and Insta Redemption at partner brands at ₹0.15/RP.
• Expiry: points are valid for 24 months from accumulation, and unused points are nullified if the card is unused for over 365 days. Points also expire on card closure.
• Redeemed points can’t be reversed or reissued.

💸 Fees & Waivers

• First-year offer (limited time): the ₹1,000 joining fee is waived for the first year. The fee is charged and then reversed as cashback in a later billing cycle, and GST on it is not reversed. At 18% that is about ₹180.
• Regular fee: ₹1,000 + GST joining and annual fee once the offer ends.
• Annual fee waiver: spend ₹2,40,000 in the previous anniversary year. The renewal fee is charged and then reversed as cashback, and GST is not waived.
• Card material charges: Plastic ₹0, Green ₹250, Metal ₹3,500.
• Add-on cards: free for plastic and green, ₹3,500 for metal. The page also mentions up to 5 complimentary add-on cards.

🎬 Memberships (Pick 2 of 5)

• Listed options: Amazon Prime, Jio Hotstar, Sony Liv, Zee5, plus a fifth brand.
• Conditions: per the MITC, memberships apply on payment of the joining/annual fee or on hitting a spend milestone. In year 1 the milestone is ₹60,000 within the first 3 months. From year 2 it is ₹2,40,000 a year.
• Claiming: memberships become claimable after card activation and show up within about T+3 working days. Claim them within 90 days of card issuance on the Xchange portal (xchange.equitas.bank.in) or in the Selfe Loans App, or they expire for good.
• Memberships are non-transferable and can’t be exchanged for cash. They are fulfilled by third parties.

🛋️ Lounge Access

• 1 complimentary domestic lounge visit per calendar quarter, so up to 4 a year. There is no international access.
• Eligible lounge lists differ for RuPay and Visa cards.

⛽ Fuel Surcharge Waiver

• 1% of the transaction amount, only on fuel spends between ₹500 and ₹3,000.
• Capped at ₹250 per billing cycle and ₹3,000 per year, which works out to about ₹25,000 of qualifying fuel spend to hit the monthly cap.
• GST on the surcharge is not reversed.

🌍 Forex Markup

• 3.5% on international transactions, plus GST (about 4.13% effective at 18% GST).

🏦 Interest & Key Charges

• Interest: 3.75% per month (45% a year). The MITC says the interest-free period runs 20–50 days, with the KFS stating up to 50 days. It applies only if the previous balance was cleared in full, and not to cash advances.
• Late payment charge: ₹0 below ₹100 due, ₹100 for ₹101–500, ₹500 for ₹501–5,000, ₹750 for ₹5,001–10,000, ₹900 for ₹10,001–25,000, ₹1,000 for ₹25,001–50,000, ₹1,200 above ₹50,000.
• Cash advance: 2.5% (min ₹250), plus interest from day one. The cash limit is 40% of the credit limit.
• Other charges: rent payments cost 1% (capped at ₹3,000 per transaction), wallet loads 2.5%, over-limit 2.5% (min ₹550), and payment returns 2% (min ₹450).
• EMI: Merchant EMI carries a ₹199 + GST processing fee. Switch EMI carries up to ₹4,999 + GST, with 3% pre-closure charges on loans.

🛡️ Insurance Cover (Primary Cardholder Only)

• Air accident death: ₹50 lakh, only if the tickets were bought on an Equitas credit card.
• Credit shield: ₹3 lakh outstanding covered on accidental death.
• Lost card liability: up to ₹4 lakh.
• Cover starts after activation (first retail purchase, ATM withdrawal, or setting a PIN/card controls in the Selfe Loans App). It is provided by Royal Sundaram, not the bank, and claims must be intimated within 30 days.

🎛️ Customisation Options

• Network: Visa or RuPay.
• Billing date: 12th, 16th or 20th.
• Card design: Plastic, Green or Metal.

Eligibility Criteria

• Annual income ₹5–18 lakh, with a minimum of ₹5 lakh.
• Credit score of 700+ is generally required.
• Indian resident, salaried or self-employed.

Required Documents

• Identity proof (PAN and Aadhaar)
• Address proof
• Income proof (salary slips, bank statements or ITR)
• Recent photograph

How to Apply

1. Click the “Check Eligibility & Apply” button above.
2. Enter your mobile number, PAN and basic details to check eligibility.
3. Choose your 2 reward categories, 2 memberships, network (Visa or RuPay), billing date and card design.
4. Complete KYC and income verification.
5. Receive the card and activate it with a first purchase, PIN setting or card-control update in the Selfe Loans App.
6. Claim your memberships within 90 days of card issuance.

Equitas Selfe Credit Card: First Year Free (Limited Time) + 5X Rewards on 2 Categories You Pick

APPLY NOW