Equitas PowerMiles
KeepA small-finance-bank miles card with a big roadmap — 3% earn now, 1:1 airline transfers landing Sep-2026.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: Club Marriott + EazyDiner memberships (claim within 90 days of issuance); the ₹5,000 first-year fee handed back as cashback on ₹1.2L of spend in 90 days
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹30,000 a month
At ₹30,000 a month — ₹3,60,000 a year — on the everyday mix this card returns ₹5,100 gross (earn ₹5,100) against its ₹5,000 fee = ₹100 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · why it ranks #63
Why #63 Priced on what the card does today, not what the brochure promises. Club Marriott and EazyDiner are real recurring money and they carry most of this card's value — but they are spend-gated, they expire unclaimed after 90 days, and everything else here is a ₹0.50 closed loop with ₹99 off every redemption. Until the 1:1 airline conversion actually opens, a card called PowerMiles produces no miles, and we will not rank it as though it does.
Our #3 for RuPay & UPI — 1 of the 23 questions this desk ranks.
The take
PowerMiles is Equitas's swing at the travel crowd, and the bones are good for a ₹5,000 card: 3 reward points per ₹100, tripled to 9 on international spend, complimentary Club Marriott and EazyDiner memberships, and eight domestic plus four international lounge visits a year. The card is named for a feature that does not exist yet — the 1:1 conversion to airlines and hotels is stamped "to go live from Sep'26" on Equitas's own page, so today the points are worth ₹0.50 on travel and vouchers and ₹0.25 as cashback, minus ₹99 every time you redeem. That makes it an earn-and-burn card at 1.5%, not a miles powerhouse. Two things to read carefully before you believe the brochure: the ₹5,000 is one charge a year, refundable in year one at ₹1.2 lakh and waivable after that at ₹4.8 lakh but never on the GST — and the 3X international credit is granted, in the bank's own words, "on best effort basis based on merchant categories." Worth holding through the fee reversal (₹1.2L in 90 days) to see whether the transfer partners actually switch on.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹5,000/yr at stake · 5 spend bands
The charge ₹5,000/yr
The waiver ₹4,80,000 of spend in the year before renewal — about ₹40,000 a month — and the renewal fee is not charged.
Break-even ₹30,000 a month — ₹3,60,000 a year — is where this card's value crosses its fee.
At your spend
−₹800 a year, net of the fee, at ₹3,00,000 of annual spend
₹8,500 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹16,900 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹50,800 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹84,600 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Equitas Small Finance Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 3 reward points/₹100 base, 9/₹100 on international spends
- 1:1 miles transfers to 9 airlines + IHG/Wyndham — launching September 2026
- Club Marriott + EazyDiner memberships, renewed annually on the same spend you need for the fee waiver
- The fee is escapable in both directions: ₹1.2L in 90 days refunds year one, ₹4.8L a year waives the renewal
- 3-year point validity — a year longer than Equitas's other cards
Watch out
- The 1:1 airline transfer program is NOT live until Sep 2026 — until then points cap at ₹0.50 on travel
- GST on the ₹5,000 is never reversed — not when year one is refunded, not when a renewal is waived
- ₹99 per redemption request, and a 500-point minimum — small redemptions are eaten alive
- 2% forex at every tier — Equitas publishes no zero-forex tier for this card, contrary to community write-ups
- Lounge access is modest — 2 domestic + 1 international per quarter, no guest access, no carry-forward; the international visit is a Priority Pass room OUTSIDE India, so it does nothing for you at a Delhi gate
- Groceries and utilities cap at 2,000 RP/month each, insurance at 2,000 RP/day; rent, fuel, wallet, EMI and government earn nothing
- Memberships must be claimed within 90 days of issuance on the Xchange portal or they expire unrenewably
- New small-finance-bank program — transfer partners unproven until they go live
What these points actually fly
No live transfer route takes Equitas PowerMiles Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
What earns, what doesn't
12 sourced rules · 5 pay zero
Base 3 reward points/₹100; 9/₹100 on international POS/online. Points redeem ₹0.50 travel/voucher/catalogue (₹0.25 cashback/instant), ₹99 a redemption request. Re-sourced 2026-08-08 from the official MITC v1.3, which states the exclusion list verbatim: "Reward Points will also not accrue on transactions for Rent, Wallet Load, EMI, Fuel, Cash Advances, Government (on Consumer Retail Cards) and Education (on Business Retail Cards)", plus "Reward Points earned on Grocery and Utility transactions will be capped at 2000 reward points per month for each category. Insurance transactions will be capped at 2000 reward points per day."
- Fuel · excluded Fuel in the official MITC exclusion list; 1% surcharge waiver on txns ₹500–₹3,000, capped ₹450/month and ₹5,400/year (MITC table; corrected from "up to ₹3,000", 2026-08-08)
- Rent & property management · excluded Rent in the published exclusion list
- Wallet loads · excluded "Wallet Load" in the official MITC exclusion list
- Utilities (electricity/water/gas) · capped Earns but capped at 2,000 RP/month (published cap); corrected from full, 2026-07-22
per Equitas Small Finance Bank T&C · rank every card by spend category →
Does your spend count toward the fee waiver?
not published — and we say which
₹4,80,000 a year is the bar that waives the ₹5,000 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Equitas Small Finance Bank states what the Equitas PowerMiles earns and does not earn, but has not published which spend categories count toward the fee waiver — the ₹4,80,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
718 of 793 tracked doors
Opens 718 of 793 tracked lounge doors across 291 airports , via Visa, Priority Pass Global — see the full map →
Memberships included
2 included · ₹8,000/yr
- Club Marriott South Asia ₹15,000 ₹6,000milestone ₹1,20,000 spend in the first 3 months for year 1, then ₹4,80,000 annually from year 2 (w.e.f. 24-Nov-2025): Equitas calls the membership complimentary 'on an annual basis', but the MITC gates it on that spend, so it is priced the way HDFC Diners Black's ₹1.5L Club Marriott is, not as a subscription. Must be claimed within 90 days of card issuance on xchange.equitas.bank.in or it expires unrenewably. Includes the complimentary spouse card
- EazyDiner Prime ₹2,495 ₹2,000milestone ₹1,20,000 spend in the first 3 months for year 1, then ₹4,80,000 annually from year 2 (w.e.f. 24-Nov-2025): Equitas calls the membership complimentary 'on an annual basis', but the MITC gates it on that spend, so it is priced the way HDFC Diners Black's ₹1.5L Club Marriott is, not as a subscription. Must be claimed within 90 days of card issuance on xchange.equitas.bank.in or it expires unrenewably
Not counted in our net-value math above — worth ₹8,000 a year only if you'd actually use them. Sticker prices struck through; our number assumes you show up. The full matrix →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
Open to public application on the Equitas website, subject to the bank's income and bureau checks — no invite required. It's a metal card at ₹5,000 + GST a year, with the first year handed back as cashback if you spend ₹1.2 lakh within 90 days of activation and every renewal after that waived at ₹4.8 lakh in the preceding anniversary year. GST is not reversed either way. Every Equitas card also sits on the bank-wide Club Xplorer Privilege Program, whose five tiers (Blue by default, then Silver at ₹20,000 a month, Gold ₹40,000, Platinum ₹60,000, Diamond ₹1,00,000 — each sustained three consecutive months in a calendar quarter) are re-scored every quarter and can go down as well as up.
Equitas Small Finance Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official Equitas Small Finance Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
5 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
Metal card on Visa or RuPay, open to public application. ₹5,000 + GST a year: the MITC and Key Fact Statement print that number in both the joining and annual columns — as they do for all six Equitas variants — and the product page names the two halves, "get the first-year fee free" on ₹1.2L of spend in 90 days and "get the renewal fee waived off" at ₹4.8L in the preceding anniversary year. GST is reversed in neither case. Earn 3 RP/₹100 base, 9/₹100 (3x) international, the 3x credited "on best effort basis based on merchant categories (MCC)". Points valid 3 years (2 on Tiga/Selfe) and nullified if the card goes 365 days unused. Fuel-surcharge waiver 1%, capped ₹450/month and ₹5,400/year. All Equitas cards sit on the bank-wide Club Xplorer Privilege Program (Blue default; Silver ₹20k / Gold ₹40k / Platinum ₹60k / Diamond ₹1L per month over 3 consecutive months, re-scored quarterly) — its published benefits are richer redemption value, bonus points, vouchers, golf, a ₹3,000 flight and a ₹3,500 room night, but NO forex waiver at any tier. The 1:1 airline-miles transfer program launches Sep 2026 (still not live at 2026-08-08).
per the official Equitas Small Finance Bank MITC · reviewed 10 Jul 2026
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Equitas Small Finance Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 9 of them, each with the day we read it
- official Product page + FAQs — metal card, 3 RP/₹100 base + 3x international, 2% forex on all overseas spend, ₹99 per redemption request, and the button that names the international lounge programme
- official PowerMiles Terms & Conditions, 31 July 2026 — the card's own rulebook
- official The domestic lounge list Equitas serves its cardholders — 67 rooms, and it is Visa's own "Domestic Lounge Programme" document
- official MITC for Credit Cards v1.3 — the fee table at the issuer: PowerMiles ₹5,000, forex markup 2%, finance charges 3.75%/mo (45%/yr)
- official Club Xplorer Privilege Program — the bank-wide spend ladder that covers Tiga, Selfe AND PowerMiles: five tiers
- official Key Fact Statement — independent confirmation of the same PowerMiles fee table (₹5,000 joining / ₹5,000 annual), 3.75%/mo (45%/yr) finance charge, ₹3,500 metal add-on
- community CardInsider — ₹5,000 + GST a year, 3 RP/₹100, ₹0.50 travel / ₹0.25 cashback point value, transfers still "from September 2026"
- community Paisabazaar — ₹5,000 fee (reversed on ₹1.2L/90 days), ₹4.8L waiver, 2 domestic + 1 international lounge/quarter
- community Card Maven — the ONLY source for the 1:1 transfer partner list (BA/United/Finnair/Aeroplan/Etihad/Thai/AirAsia/Air India/JAL/IHG/Wyndham)