Is today's sign-up bonus high or low?

₹50,000 spend within the first 2 months of cardmembership, on fee payment (₹66,000 since 8 Oct 2024)

The current official construct — ₹60,000 is the catalogue's face value ceiling. Targeted upgrade offers of 115K–150K MR floated 2022–25 for existing Amex holders.

On joining and fee payment; the Lohono/EaseMyTrip voucher is one-or-the-other

₹16,000 counts the face-value vouchers, taking the ₹12,000 Lohono pick. The 'worth ₹10,000' visa services (a Times Black Visa Wallet of 10,000 points for OneVasco/Atlys fee waivers) and the memberships resist honest pricing and ride on top of the figure. This construct is codified in the additional T&C v3 dated 02-May-2025 — the launch basket rotated out within the card's first five months. The era's `from` was null until 2026-08-23; that T&C date is the boundary the note had been naming all along, and the row above already closed on 01-May-2025, so the two now meet instead of leaving a gap.

On fee realisation and card activation; fee ₹12,500, waiver at ₹10L

Club Marriott rides on top of the points and isn't counted in the ₹ figure.

On payment of the joining fee, now ₹12,500; Tata CLiQ discontinued; not for first-year-free cards

Announced alongside the Sep-2023 gutting: milestone axed, transfers halved, fee up ₹2,500.

Joining-fee payment (the fee-payment tranche is once per customer) plus ₹20,000 spends in the 2nd and 3rd cycles

Effective 1 Sep 2025. ₹6,000 prices 12,000 points at Mayura's ₹0.50 in-app travel rung; cash them as statement credit and it's ₹3,000. NOT the house value — idfc-reward-points marks at ₹0.25 (re-marked 2026-08-16 from the ₹0.50 that was only ever Mayura's rung), so this row diverges from bonus × house value on purpose.

Payment of the ₹3,000 + GST joining fee; every offer is claim-based in the IDFC FIRST app and expires 90 days after the fee is paid

The Privileges document hands the era over in terms — "For cards generated on and after 18th June 2026: Diamond Reserve Welcome Offer" — and the Welcome Offer PDF itemises the five. A separate 5% cashback up to ₹1,000 on a first EMI transaction sits alongside it on the product page.

Joining-fee payment plus ₹20,000 spends in the 2nd and 3rd statement cycles (once per customer); cards generated on or after 1 Sep 2025

Same 1-Sep-2025 switch date as Mayura's, same instalment logic. ₹3,000 is 7,500 points at Ashva's ₹0.40 app-travel ceiling — CardInsider's own arithmetic, and the figure this entry's own `take` has always printed. Re-marked 2026-08-23 from ₹3,750, which priced a ₹0.50 rung Ashva never reached (Mayura's), retired from the currency on 2026-08-16 (house value ₹0.25). Diverges from bonus × house value on purpose.

One voucher for each of the first 5 UPI-on-credit-card transactions of at least ₹100, on the PhonePe app; offered only to cardholders for whom the joining fee is applicable

FAQ v2.2 (28-Jul-2026): "For credit cards applied after 1st Aug'26 — 5 Cashback Vouchers worth ₹200 each (via scratch cards) for every 'UPI on Credit Card' transaction … limited to first 5 transactions with min ₹100 transaction value only via PhonePe app." Cashback does not apply on multi-instrument transactions where this card carries less than ₹100 of the value.

One scratch card for each of the first 5 UPI-on-credit-card transactions of at least ₹100, on the PhonePe app; offered only to cardholders for whom the joining fee is applicable

"For credit cards applied after 1st Aug'26 — Get 5 Scratch cards worth ₹100 each for the first 5 UPI on Credit Card transactions."

₹25,000 spend within 30 days of card opening; online applications with video KYC

The gutted construct: 2.5x the spend for the same perks, 3,000-point milestone scrapped. Existing holders untouched.

Joining benefit credited to the chosen British Airways Club or Qatar Privilege Club track, within 15 days of receipt of the joining fee

The 20,000-Avios standard resumed once the January window closed — the live construct today. Re-verified 08-Aug-2026 against IndusInd's own benefits guide, which states it flatly: "Welcome benefit: 20,000 bonus Avios upon joining*" with "Welcome Bonus Avios would be credited within 15 days of receipt of joining fees." Source upgraded from CardInsider to the issuer document.

On payment of the ₹5,000 joining fee, with a ₹100+ transaction within 30 days

The current construct: at the fixed ₹1 a point it covers the fee and its GST, and not a rupee more. Renewal pays a leaner 5,000.

On card activation — first transaction within 30 days; not for first-year-free or LTF cards

The current construct. Source upgraded from CardInsider to Axis's own Reserve rewards page on 2026-08-23 — it states it verbatim, "15,000 Reward Points on Card activation*", re-read and unmoved 2026-08-15, alongside "W.e.f 20th April 2024, Renewal benefit will be discontinued". Note that the 20-Apr-2024 date Axis publishes attaches to the RENEWAL benefit only; the 50,000 → 15,000 cut to the JOINING benefit was never announced, which is why the era above still has no end date and this one no start. ₹6,000 is 15,000 points at the ₹0.40 axis-edge-rewards house value (Reserve transfers 5:2 at ₹1/mile), so this row agrees with bonus × house value exactly. NOT stale at 50,000 — a sweep flagged it as such on 2026-08-22 by reading only the first row; the live era has said 15,000 all along and matches the card.

₹15,000 spend within the first 90 days of cardmembership

The long-running standard construct, unchanged on Amex's own page.

First transaction within 37 days of card issuance; paid cards only

Halved in the 20-Apr-2024 devaluation, buried under the milestone cuts. Source upgraded from the TechnoFino thread to Axis's own feature T&C on 08-Aug-2026, which states all three eras verbatim: "2500 EDGE Miles … upon successful completion of 1 transaction on the card within 37 days from the date of card issuance … applicable for all cards sourced from 20th April 2024 onwards", and clause 8, "Welcome Benefit is applicable only for paid cards." Still live for grandfathered pipeline approvals — Atlas closed to NEW applications 1 Apr 2026.

Nothing to trigger — the product page lists no welcome benefit at all

Absent from every archived 2025-26 capture (13-Nov-2025, 23-Feb-2026, 13-May-2026) and the live page, and from Paisabazaar; CardInsider still lists the old welcome — stale. Verified 2026-07-26.

Card activation within 30 days of issuance, on payment and realisation of the full 12-month joining fee; the choice must be ticked on the application form and confirmed to the PRIMUS relationship manager within 15 days of card booking

Axis's own T&C §5 dates the era: "Cardholders who are onboarded as new customers post 15th July 2025 are eligible for a onetime Welcome Offer". Option 1 is stated as "25,000 EDGE Miles (equal to 125,000 partner miles)" with "1 edge Mile is equal to 5 partner miles"; Option 2 is an "E-Gift card of Rs 40,000 from ITC Hotels", issued as four ₹10,000 vouchers valid 12 months. Priced at ₹1,25,000 because Primus converts at 1:5 (₹5 a mile), not the ₹2 EDGE Miles house value Atlas sets — and the choice is irreversible once the application is submitted. The renewal offer is smaller: 15,000 EDGE Miles or a ₹20,000 ITC card.

On payment of the ₹50,000 + GST joining fee; invite-only. Renewal pays 25,000 points. No hotel membership — cards issued on or after 17 Jul 2026 get no Club ITC Culinaire

The points did not move; the membership did. IDFC's own Culinaire benefit T&C opens with it: "The Club ITC Culinaire Membership benefit will be discontinued effective 17th July 2026 … Cards issued on or after 17th July 2026 will not be eligible", and "No Club ITC Culinaire Membership will be awarded for anniversary cycles falling after 17th July 2026, irrespective of spend achieved" — so the ₹40L renewal path is dead too. valueInr is unchanged ACROSS the boundary because the membership was never priced into either row (it is priced whole in data/memberships.yaml, id itc-culinaire). Verified 08-Aug-2026 against the PDF. ₹50,000 is 50,000 points at Private's ₹1.00 FIRST Travel & Shop portal rung, matching the card's own `welcome:` line; re-marked 2026-08-23 from ₹25,000, which priced the stale ₹0.50 mark the desk retired on 2026-08-16. Diverges from bonus × house value on purpose.

On card issuance / joining-fee payment (by invitation)

Launched 17 Nov 2025 (RBL press release). By-invitation only; fee waived at ₹2 Cr Total Relationship Value. The complimentary Club Marriott / ITC Culinaire membership adds recurring dining value beyond the ₹30,000 vouchers.

First transaction each membership year (welcome AND every renewal)

The 2,500 EDGE Miles are valued at ₹10,000 because Olympus converts EDGE Miles to airline partners at 1:4 (₹4/mile), double the ₹2 Atlas value; the Taj/ITC voucher adds ₹10,000.

On payment of the ₹3,000 joining fee; vouchers land by e-mail within 45 days. Renewal ₹2,000, waived at ₹3L annual spend

₹18,000 sums the itemised face values behind ICICI's own 'worth over ₹15,000' headline. The ₹10,000 Elivaas voucher redeems only against Elivaas villa stays and the ₹3,000 EaseMyTrip voucher only against holiday packages — face value, not cash. One honest era — the basket has been reshuffled (older mix was ₹5,000 across TataCliQ/EaseMyTrip/Croma) without dated notices.

On payment of the ₹4,999 joining fee; credited within 15 days of the fee posting. Complimentary Air India Maharaja Club membership comes with it.

SBI's product page carries the 20,000-point welcome on joining-fee payment and the 1 RP = 1 Air India Maharaja Point conversion; the MITC prints ₹4,999 for both joining and renewal, so there is one fee, not two. ₹ figure prices 20,000 points at the ₹0.80 Maharaja house value, which is what they become at 1:1 — inside SBI's own catalogue they are worth a quarter of that. SBI's own product record reads isOnline "no" and the card is closed to new applications, so this era has no live successor and no start date was ever published for it.

Realisation of the joining fee, and at least the minimum payment due received by the payment due date after the statement carrying it

T&C §2: a code and link arrive by SMS/email within 60 days of qualifying; the client picks vouchers of ₹5,000 or ₹10,000 face value from one or more of the six brands, and gets nothing at all if no selection is made before the code expires. Not available on add-on or supplementary cards.

On the first transaction with the card

The Select's headline hook — 15,000 Miles & More award miles on one transaction, versus 5,000 on the plain World.

On the standard ₹15,000-joining variant; Grandé/Legacy customers join at ₹5,000 (levied only if ₹50k spend isn't met in 90 days)

The welcome voucher matches the standard joining fee, so year-1 entry nets near zero; there is no recurring annual fee. The Grandé ₹5,000 variant is the cheaper way in.

On payment of the ₹6,500 joining fee; vouchers land within 45 days. Renewal ₹3,500, waived at ₹6L annual spend

₹13,500 sums the itemised face values behind ICICI's own 'worth over ₹13,000' headline; the 3-month EazyDiner Prime it also lists (₹1,095) is a subscription, not a voucher, so it stays out of the number. The basket's composition has been reshuffled over the years — older holders report Uber and Zomato Pro in the mix — with no dated announcements, so one honest era rather than invented ones.

On payment of the ₹12,499 joining fee (invite-led); points and memberships recur on every renewal

Unchanged since launch. Memberships ride on top of the ₹ figure.

Payment of the ₹12,500 + GST joining fee (charged upfront, before card dispatch); the voucher additionally needs ₹1,00,000 of spend within 60 days of card generation. Once per customer — close and reapply and you forfeit it.

IDFC has never dated a change to this construct (from and to left null). ₹12,500 prices the points at Gaj's ₹1.00 in-app travel value; redeemed as vouchers or "pay with points" they are worth ₹3,125. The voucher tranche is flagged a limited-period offer. The identical 12,500 points repeat as an Annual Fee Payment Benefit every year the ₹12,500 renewal is paid rather than waived at ₹10L spend.

On payment of the ₹12,500 joining fee

Launched 17 Nov 2025 (RBL press release). The gift card equals the joining fee — a clean first-year wash. Verify the live construct at application, as RBL tweaks quietly.

On payment of the ₹2,999 joining fee, and repeated on every renewal fee — IndusInd publishes no spend gate and no claim window

Verbatim from the product page, re-read 16 Aug 2026: "Enjoy 12 months EazyDiner Prime membership worth INR 3,550", "2000 welcome bonus EazyPoints", "The Postcard Hotel stay voucher worth INR 7,500". The renewal clause is on the same page: "On payment of Renewal Fee, 12 months EazyDiner Prime Membership will be renewed… Also, you would get 2000 welcome bonus EazyPoints and INR 7500 voucher of The Postcard Hotel." ₹11,050 counts only the two figures IndusInd itself prices — the 2,000 EazyPoints are real but EazyDiner publishes no rupee rate for them, so they are named and not valued. IndusInd publishes no start date for the construct.

On annual-fee payment plus a first transaction within 60 days of card issuance (fee ₹9,999); +10,000 miles at ₹5L annual spend and +3,000 at ₹10L

The standing construct since the card's 30-Sep-2024 launch, carried identically by SBI's product record and by FAQ 12 of the card's own T&C ("on payment of joining fee and 1st transaction within 60 days of card issuance"). ₹ figure prices 10,000 KrisFlyer miles at the ₹1.10 house value; the ₹5L and ₹10L milestone miles add on top. The ₹7.5L KrisFlyer Elite Gold upgrade is NOT part of this — SBI gates it on Singapore Airlines spend booked through SQ's own app or site, not on card spend.

Activate the card and shop within the first 30 days, and pay the annual fee

RBL's own Shoppers Stop Black product page, re-read 29 Aug 2026: "Activate your Card and start shopping within the first 30 days to unlock a Shoppers Stop INR 3,000 voucher, along with a beautifully curated welcome gift worth INR 3,000", and "Shoppers Stop First Citizen Club Black Card Membership worth INR 4,500". The makeover carries no published price and is not counted, so ₹10,500 is the floor of this welcome rather than its ceiling.

₹20,000 of spend within the first 30 days of card issuance, and payment of the ₹9,999 joining fee

Undated by Bandhan, so the era opens unbounded. Product page verbatim: "₹10,000 'Giftwrapped by Oberoi' e-voucher on spending 20,000 within first 30 days of card issuance and payment of joining fee". Priced at face — the voucher is a hotel-group credit, not a points grant, and it is only worth ₹10,000 to a reader who would have spent that at an Oberoi property anyway.

On payment of the ₹9,999 joining fee; 20,000 further points on every paid renewal

The construct since the card's 2023 debut — YES has never announced a change. Community chatter recalls richer figures floating around at launch, but nothing dated attests them, so one honest era. ₹10,000 needs the ₹0.25 portal-travel redemption; as statement credit it's ₹4,000.

First transaction within 30 days of joining-fee payment

10,000 VP = ₹10,000 at the fixed ₹1/point DBS Delights rate; hotel-membership value not separately priced.

On payment of the ₹9,999 + GST joining fee — coverage prints no spend gate

Unchanged since the 3-Feb-2021 launch (LiveFromALounge launch coverage prints the same 40,000-point figure). ₹10,000 prices the points at the flat ₹0.25 catalogue peg; the bundled memberships are not separately priced.

On ₹500 spend within 90 days or joining-fee levy (₹3,000); the award expires after 12 months

Unchanged since India's first hotel co-brand launched on 24 Aug 2023. ₹9,750 is 15,000 points at our ₹0.65 house value — what a 15k-point night actually books keeps shrinking as Bonvoy reprices upward.

Published as a card benefit alongside the ₹50,000 first-year fee — YES states no spend gate and no claim window for the vouchers

Verified 16 Aug 2026 through the page's Oracle content items (the URL returns a nav-only shell to a plain fetch), which read "Oberoi E-Gift Vouchers worth INR 9,000" in the benefits tile. The Rewards tile, updated 06-Aug-2026, separately reads "Start with 2 Lakh* Reward points … *Applicable to priced card" — the bank's own words, but in a marketing tile rather than a benefit table, and at ₹0.25 it would be ₹50,000, exactly the joining fee. So it is named in the card's welcome line and deliberately left out of this era's valueInr rather than doubling a figure we cannot corroborate. No start date is published.

Published as a card benefit alongside the ₹20,000 first-year fee — YES states no spend gate and no claim window for the vouchers

Verified 16 Aug 2026 through the page's Oracle content items (a plain fetch of the URL returns a nav-only shell): "Oberoi E-Gift Vouchers worth INR 9,000", listed beside the 0.50% forex markup and the "Annual benefits of 3 Lakh Plus" claim. Prime's page carries NO equivalent of the "Start with 2 Lakh Reward points" tile that YES Private runs. No start date is published.

On payment of the ₹10,000 joining fee; the miles and Silver tier recur on every renewal (Gold from year two at ₹15L spend, of which ₹50k on Emirates bookings)

₹9,000 is 10,000 Skywards Miles at our ₹0.90 house value; the Silver/Gold tier rides on top and resists an honest ₹ number. One honest era — ICICI has not dated a change since the co-brand launched.

On payment of the joining fee; delivered as a redemption voucher

valueInr is SBI's published sticker price for the watch, not its street price — treat it as a ceiling, not a cash equivalent.

₹25,000 of cumulative spend within the first 60 days plus payment of the ₹2,500 joining fee for the first tranche; ₹50,000 cumulative for the second

BOBCARD's own Program Benefits PDF prints the base and premium constructs side by side — "Base Variant — Total: 7,500 Miles" against the Premium's 15,000. Miles are credited within 65 days of issuance, once the membership fee billed in the following statement is paid, and reach the Etihad Guest account after the next billing cycle. The first-sale day was never pinned, so the era opens unbounded.

Flight voucher on ₹25,000 spend within 60 days of activation; on payment of the ₹5,000 joining fee

₹7,000 is the vouchers' face value, redeemable only inside the Adani One app. The first-sale day was never pinned, so one honest era.

Card usage within 30 days of issuance and the annual fee paid by due date; not paid to Nil-fee Insignia Preferred Banking clients

The construct on RBL's live page (accessed 2026-07-22); no dated changes announced. ₹ figure prices 28,000 RP at ₹0.25.

₹1 lakh of retail settled spend within 30 days of card issuance; primary cardholders only, credited within 90 days

Detailed T&C §3.3.1, verbatim: "6000 bonus reward points will be credited to the card account of the primary card member, if the card member spends Rs. 1 Lakh in first 30 days from card issuance date." The product page prices it in as many words — "when you accomplish the benchmark of 1 lakh within the first 30 days from card issuance date, we will grant you 6000 Bonus Reward Points Where 6000 RP = INR 6000" — and ₹1 a point is exactly what the card's 1:1 KrisFlyer and Maharaja Club tables deliver. Settlement date, not swipe date, is what counts for the 30-day window. No start date is published.

Activate the card and shop within the first 30 days, and pay the annual fee

RBL's own Shoppers Stop Platinum product page, re-read 29 Aug 2026: "Activate your Card and start shopping within the first 30 days to unlock a Shoppers Stop INR 2,000 voucher, along with a beautifully curated welcome gift worth INR 2,000", above the Platinum Aura membership line. The makeover is unpriced and not counted.

₹30,000 spend within the first 90 days of cardmembership, on fee payment

₹5,500 is 11,000 MR at our ₹0.50 house value — worth chasing the milestone vouchers and lounges over, not the points. A long-running construct Amex has never dated; referral applications periodically stack more.

First spend within 30 days of issuance; joining fee ₹30,000 for applications after 31 Jan 2024; upgrades from Magnus get nothing; avail within 6 months

Same voucher, new ₹30,000 entry price — the welcome stayed flat while the door got expensive.

Cumulative net spends of ₹1,000+ within 30 days of card issuance; paid cards only, not lifetime-free variants

Applications went live 21 Aug 2025 — the Citi PremierMiles landing pad. Priced at ₹1 per mile because Horizon converts partners at 1:1; the house ₹2 EDGE-Mile value assumes Atlas's 1:2 ratio, which Horizon never gets.

On the first transaction with the card

The standing welcome on the World variant — one transaction unlocks 5,000 Miles & More award miles.

On payment of the ₹750 joining fee. Every coupon expires 90 days from the day the fee is paid; the MakeMyTrip legs are one booking per card per category; the ₹500 voucher needs a ₹5,000 minimum booking through the app's FIRST Rewards Gallery; the EMI cashback needs the conversion inside 30 days.

Dated to IDFC's own sentence, "The Offer is valid every day from 1st December 2025", in the MakeMyTrip benefit's terms. TWO CURRENT IDFC DOCUMENTS DISAGREE ON THAT LEG: the product guide summarises it as "Up to ₹1,500 instant discount on flights, hotels, and bus bookings on MakeMyTrip", while the privileges document itemises ₹700 on a return domestic flight, ₹800 on a hotel and ₹100 on a bus — ₹1,600. We carry ₹1,500, the summary figure, because it is the number the reader is shown when choosing the card, and the ₹100 bus coupon is the difference. valueInr is IDFC's own "welcome benefits worth ₹5,000+" headline, not a sum of coupons a reader would actually redeem.

₹1,00,000 spend within 60 days of card issuance; credits land within 15 days of crossing the gate

Unchanged since the MILES range launched in April 2024 — the exact first-sale day was never pinned, hence no start date.

First transaction within 30 days of issuance and payment of the ₹5,000 joining fee

₹5,000 is 20,000 points at RBL's ₹0.25 — exactly the joining fee, and RBL's own '₹5,000' valuation confirms the ₹0.25 point. The first-sale day was never pinned; verify the live offer at application, as RBL tweaks quietly.

On payment of the joining fee; redeemable at Yatra, Bata/Hush Puppies, Pantaloons or Shoppers Stop

Construct predates our records — SBI has never dated it (from left null). Face value is cash-equivalent paper, so valueInr is the sticker.

On card activation and first transaction; joining fee ₹4,999

₹5,000 is the voucher face value AU quotes; taken as reward points it's 20,000 RP at the catalogue's ₹0.25, the same ₹5,000. Either way it offsets the fee and no more. AU never pinned the first-sale day, so one honest era.

Card activation within 30 days of issuance

Undated by AU, so the era opens unbounded. AU's product page 403s to every automated fetch, so this rides on the community source the card file already cites — "MakeMyTrip Voucher Worth ₹5,000 on Activation Within 30 Days". Priced at face, which is generous — it is an OTA credit, not cash, and it only returns the fee to a reader who books there anyway.

₹50,000 of spend within 90 days of card activation

PNB's LUXURA Metal (RuPay) product page states the welcome as 20,000 points on ₹50,000 in 90 days and prices its own points at 4 per ₹1 — ₹5,000, which matches our ₹0.25 house value exactly. Joining ₹9,000 + GST (waived at ₹2.5 lakh of spend in three billing cycles), annual ₹7,500 + GST. PNB has never dated a change to the welcome.

₹50,000 of spend within 90 days of card activation

PNB's LUXURA Metal (Visa Infinite) product page carries the identical welcome construct to the RuPay metal tier — 20,000 points on ₹50,000 within 90 days, priced by PNB at 4 points to ₹1, which matches our ₹0.25 house value. Joining ₹4,999 + GST (waived at ₹1.5 lakh of spend in three billing cycles), annual ₹1,999 + GST. PNB has never dated a change.

Payment of the ₹4,999 annual fee and ₹2,000 of spend within 30 days of card issuance — nothing at all on a first-year-free card

Product page, verbatim: "Get 20,000 Reward points on payment of annual fee and spends of INR 2,000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)". ₹5,000 = 20,000 points at RBL's ₹0.25. The footnote calls the first-year charge a "Joining fee", but the Schedule of Charges publishes one ₹4,999 figure for both years. RBL has never dated a change.

On payment of the ₹4,999 joining fee — SBI publishes no first-spend condition

SBI's machine-readable product record states "e-Gift Voucher worth Rs. 5,000"; the MITC row is a bare "KVB SBI Signature Card 4,999 4,999" with no waiver parenthetical, so joining and renewal are the same charge and there is no spend-based reversal. ₹ figure is face value. Branch-only (isOnline "no") on a 2012 chassis, with no published change to the welcome — the era opens unbounded.

First transaction within 30 days of card onboarding, after the joining fee is levied — not payable if the joining fee is not charged

4,999 VP = ₹4,999 at the fixed ₹1/point DBS Delights rate. The renewal bonus is a separate clause — "On payment of annual fees, you are eligible for 4,999 bonus Vantage Points" — and is not paid if the fee is waived or reversed, so it is not modelled as recurring value.

On payment of the ₹5,000 joining fee; 5,000 more on every renewal. Silver retained by spending ₹5L a year

₹4,500 is 5,000 Skywards Miles at our ₹0.90 house value; Silver tier rides on top. One honest era — no dated change since launch.

2 transactions within 30 days of card issuance; voucher valid 1 year

Launch construct, unchanged on Axis's product page as of 25-Jul-2026. The Gold tier also carries 2 free SpiceMax upgrades, 2 complimentary meals and free flight change/cancellation.

On payment of the ₹1,499 fee; credited within 15 days of the fee posting. Complimentary Air India Maharaja Club membership comes with it.

SBI's product record words it two ways for the same charge — "5,000 reward points on payment of Joining Fee" in the key-benefits block and "Welcome gift of 5,000 Reward points will be credited in 15 days from date of annual fee payment posting" in the detail. There is one ₹1,499 fee, not two. ₹ figure prices 5,000 points at the ₹0.80 Maharaja house value, which is what they become at 1:1 — inside SBI's own catalogue they are worth far less. The card is closed to new applications, so the era has no live successor.

The holiday voucher ships in the primary card's welcome kit; the ₹500 myCash lands within 10 business days of paying the ₹500 joining fee

Both figures are the card T&C's own — "Get Rs 500 My Cash" and "MakeMyTrip holiday voucher worth Rs 3,000" under Onboarding privileges. The same T&C records an older era in which the voucher was worth ₹2,000, but does not date the change in a way we can pin, so we open one honest era at the current construct. myCash is valid one year post credit.

On joining-fee payment (fee ₹2,999); +3,000 miles at ₹3L spend and KrisFlyer Elite Silver at ₹2.5L

The launch/standing construct — SBI's KrisFlyer co-brand. ₹ figure prices 3,000 KrisFlyer miles at the ₹1.10 house value; the ₹3L milestone miles and ₹2.5L Elite Silver status add on top.

On card activation — PNB publishes no minimum spend and no claim window

PNB's EMT product page, verbatim (re-read 2026-08-16): "Welcome Voucher worth the benefit of Rs. 3000" itemised "Flights- Rs. 500", "Hotels- Rs. 1,000", "Holidays- Rs. 1,500", plus "300+ Reward Points on activation". ₹3,075 = the ₹3,000 of voucher face value plus 300 points at PNB's ₹0.25 MITC rate. The vouchers are EaseMyTrip discount credits, so face value is the ceiling, not cash. Fee is ₹2,000 joining and ₹2,000 annual, waived above ₹1 lakh of preceding-year spend. PNB has never dated a change.

On payment of the joining fee, credited within 120 days of issuance; the renewal 3,000 lands within 30 days of each annual-fee payment

3,000 Air Miles at the flat ₹1 Kotak Unbox redemption = ₹3,000. Both the joining and the renewal bonus are stated in Prime's own Detailed T&C and repeated on its product page. Kotak publishes no launch date for the card, so the era is left open at both ends rather than invented.

₹60,000 spend within 60 days of card issuance; credits land within 15 days of crossing the gate

Unchanged since the MILES range launched in April 2024 — the exact first-sale day was never pinned, hence no start date. ₹3,000 is 3,000 credits at our ₹1 house value.

Flight voucher on ₹10,000 of spend within 60 days of activation and payment of the ₹750 joining fee; hotel voucher on activation alone

₹3,000 is the vouchers' face value, redeemable only inside the Adani One app, each with a 3-month activation window and 6 months' validity thereafter. The product page markets only the ₹2,000 flight voucher; the hotel voucher is in the card T&C, clause 1(b). Clause 2(a) is the trap: a holder who earns the ₹3,00,000 fee waiver gets it "however, in such cases, flight voucher shall not be extended". The first-sale day was never pinned, so one honest era.

One eligible purchase within 30 days of issuance and the annual fee paid

Mirrors World Safari's welcome construct on RBL's live page (accessed 2026-07-22); no dated changes announced. Verify the live offer at application — RBL tweaks quietly.

One transaction within 30 days of issuance and the membership fee paid in the first billing cycle; voucher emailed within 60 days, valid 120 days

The construct attested on RBL's own page and terms; the bank has never announced a change since the card's 2019-era zero-forex debut, so one honest era. Verify the live offer at application — RBL tweaks quietly.

One eligible retail transaction within 30 days of issuance, registration on the MyCard app, and payment of the ₹3,000 joining fee by the first statement's due date — credited within 60 days

Product T&C §3.1(i), verbatim: a one-time welcome benefit of "upto INR 1,000 on purchasing 4 tickets … within 30 days … and upon paying the joining fees … by the payment due date as mentioned in the first Statement", and separately "a 'welcome benefit' of 8,000 reward points … upon paying the joining fees as reflected in the first Statement." ₹3,000 = 8,000 points at RBL's ₹0.25 house value (₹2,000) plus the ₹1,000 BookMyShow face value. RBL has never dated a change to either leg.

On payment of the joining fee; choose from Yatra, Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion or Shoppers Stop

Construct predates our records (from left null). Cash-equivalent voucher, so valueInr is the face value.

Credited within 60 days of payment and realisation of the ₹2,999 joining fee

T&C booklet §11.1, "Welcome Benefit Program", verbatim: "Cardholders can enjoy the welcome gift of 12,000 Reward Points worth ₹3,000" and "These Reward Points will be credited to the Cardholder's account within 60 days, post payment & realisation of joining fee." The `from` is SBI's own cardLaunchDate for this product — the offer cannot predate the card, and SBI has published no change since. ₹3,000 is SBI's own valuation of the 12,000 points, which matches our ₹0.25 house value exactly; on this card the points redeem only into Titan vouchers.

On payment of the ₹2,999 joining fee; delivered within 30 days of the fee being realised

SBI's own product record states the ₹3,000 Reliance Retail voucher "on payment of joining fees" plus discount vouchers worth ₹11,999, delivered within 30 days of realisation; the MITC prints "Reliance SBI Card PRIME 2,999 2,999 (Waived off on annual spends of Rs.3 Lakh or more in the preceding year)", so joining and renewal are one charge. valueInr carries ONLY the ₹3,000 voucher — the ₹11,999 is a book of percentage-off coupons contingent on further spending at Reliance stores, which is a discount, not a bonus, and pricing it at face value would overstate the welcome fourfold. The card launched 1 March 2024 on SBI's record; no change has been published.

On payment of the ₹2,999 annual fee — SBI publishes no first-spend condition

SBI's own product record states the welcome as 12,000 bonus points worth ₹3,000 on annual-fee payment and "4 Reward Point = Rs. 1", which matches our ₹0.25 house value exactly. The MITC prints "Landmark Rewards SBI Card PRIME 2,999 2,999" with no waiver clause. The card launched 21 February 2021 on SBI's record; no change to the welcome has ever been published.

Payment of the ₹2,999 annual fee and ₹2,000 of spend within 30 days of card issuance — nothing at all on a first-year-free card

Product page, verbatim: "Get 12,000 Reward Points on payment of annual fee and spends of INR 2,000 made within 30 days of Card issuance (No welcome rewards will be given to First Year Free cards)". ₹3,000 = 12,000 points at RBL's ₹0.25. The footnote calls the first-year charge a "Joining fee", but the Schedule of Charges publishes one ₹2,999 figure for both years. RBL has never dated a change.

Payment of the ₹2,999 annual fee and ₹2,000 of spend within 30 days of card issuance — nothing at all on a first-year-free card

Product page, verbatim: "Get 12,000 Reward Points on payment of annual fee and spends of INR 2,000 made within 30 days of Card issuance (No welcome rewards will be given to First Year Free cards)". ₹3,000 = 12,000 points at RBL's ₹0.25. The footnote calls the first-year charge a "Joining fee", but the Schedule of Charges publishes one ₹2,999 figure for both years. RBL has never dated a change.

On payment of the ₹2,999 annual fee — SBI publishes no first-spend condition

SBI's machine-readable product record states "Welcome e-Gift Voucher worth Rs. 3,000" and the MITC prints "Karur Vysya Bank SBI Platinum Credit Card 2,999 2,999" with an empty waiver column — one fee, both years, no reversal. ₹ figure is the voucher's face value. This card is a branch-only product (isOnline "no") on a chassis SBI dates to 2012, and no change to the welcome has ever been published, so the era opens unbounded.

On payment of the ₹2,999 annual fee — SBI publishes no first-spend condition

SBI's machine-readable product record states "Welcome e-Gift Voucher worth Rs. 3,000" and the MITC prints "South Indian Bank SBI Platinum Credit Card 2,999 2,999" with an empty waiver column. Every figure on this record matches sbi-kvb-platinum exactly — the two are one chassis under two bank names. ₹ figure is face value. Branch-only (isOnline "no") on a 2016 chassis, with no published change to the welcome.

Payment of the ₹3,000 annual fee and card activation within 30 days of issuance — no minimum spend, credited within 60 days

Product T&C §3.1, verbatim: "a onetime benefit of 12000 reward points as welcome benefit … by paying the annual fee and upon card activation within the first 30 days from card issuance". No line-setup or other fee appears anywhere in the document as a condition. ₹3,000 = 12,000 points at RBL's ₹0.25. The card is closed to new applications ("We are no longer accepting applications for RBL Bank MoneyTap Black Credit Card"), so this era has no live successor. RBL has never dated a change.

The ₹500 voucher needs ₹5,000 of spend within 30 days of paying the joining fee; the 1,000 Reward Points need a first EMI conversion inside the same 30 days; the Gold Max membership and the travel coupons land on joining-fee payment alone.

The era is anchored on the one dated line in the product guide — "^For new card issuances from 1st Feb 2025", footnoting the "UP TO ₹1500 OFF FLIGHT & HOTEL BOOKINGS" tile. IDFC publishes no start date for the ₹500 voucher or the Gold Max membership, so this row treats 1 Feb 2025 as the date the CURRENT construct took its present shape rather than the date any single coupon began. valueInr sums the ₹500 voucher, the ₹800 membership and the 1,000 Reward Points at ₹0.25 (₹250) plus a conservative ₹1,250 for the travel coupons, which are capped per booking.

₹1 lakh of retail settled spend within 30 days of card issuance; primary cardholders only, first year of issuance only, credited within 90 days

IndusInd's own detailed T&C §3.1.1, verbatim: "5000 bonus reward points will be credited to the card account of the primary card member, if the card member spends Rs. 1 Lakh in first 30 days from card issuance date." §3.1.2.4 restricts it — "applicable only in the first year of card issuance" — and the product page repeats the offer. Priced at ₹0.55 a point, the 2:1 KrisFlyer rate the card's own linked redemption table publishes ("200 Reward Points | 100 Krisflyer Miles"), not the ₹0.80 house value the Tiger's 1:1 Maharaja route sets. NOTE the document conflict: this April-2024 PDF says "5 reward point is equal to 4 air miles" (5:4), which the live KrisFlyer table contradicts; we price on the live table. No start date is published.

The ₹300 of points needs a first transaction within 30 days of card issuance; the vouchers come with the card

Axis's own product page, re-read 29 Aug 2026 — "Enjoy First Citizen reward points worth ₹300 upon first transaction within 30 days of card issuance. Get Complimentary Shoppers Stop vouchers worth ₹2250 redeemable at Shoppers Stop and Homestop. Enjoy exclusive privileges of complimentary Golden Glow Membership." The page's value chart itemises the ₹2,250 as ₹1,500 in-store, ₹250 online and ₹500 on Exclusive Brand apparel, and books the points separately at ₹300; ₹2,550 is that total. Golden Glow carries no published face value and is not priced.

On joining-fee payment (currently waived, limited-time) and again on each anniversary renewal

2,500 Air Miles at the flat ₹1 Kotak Unbox value = ₹2,500. Renewal repeats the 2,500 each anniversary. Reintroduced after the RBI card-sourcing ban lift; first-sale date not pinned. Verify the live offer at application.

On joining-fee payment (₹4,999); the ₹1L/90-day spend unlocks the extra 3,000 BluChips

The launch/standing construct — IndiGo × IDFC FIRST co-brand launched 2026 (exact date not verified, era start left open). ₹ figure prices only the base 5,000 BluChips at ₹0.50; the vouchers and the ₹1L-gated 3,000 chips ride on top.

₹50,000 spend within 60 days of issuance; fee ₹2,499 + GST, or nil inside a lifetime-free window

The standard construct since launch — 10,000 points at ₹0.25 statement credit, confirmed in the official rewards T&C. A separate 20,000-point milestone at ₹5L rides on top. BOBCARD keeps rolling the lifetime-free window forward (31 Dec 2025 → 31 Mar → 30 Apr → 30 Jun → 31 Jul 2026), which matters more than the points.

One eligible retail transaction within 30 days of issuance and payment of the ₹2,500 annual membership fee — credited within 60 days

Product T&C §3.1, verbatim: "a 'Welcome Benefit' of 10,000 reward points upon making an eligible retail transaction within 30 days … and upon paying the annual membership fee … credited to the Cardmember's Account within 60 days". ₹2,500 = 10,000 points at RBL's ₹0.25. RBL has never dated a change.

On fee payment and first transaction within 60 days (fee ₹4,999)

The launch/standing construct — SBI's premium IndiGo co-brand. ₹ figure prices 5,000 BluChips at ₹0.50.

On joining-fee payment (₹5,000); repeats on every renewal

The launch/standing construct (live since 18 Feb 2026). A 2x window ran 5,000 → 10,000 BluChips through 31 Aug 2026 — Axis's own Double-welcome-bonus offer T&C dates the window 1 Jun to 31 Aug and supersedes LiveFromALounge's 31 Jul. 6E Eats voucher value not published — the ₹ figure prices the 5,000 BluChips at ₹0.50.

On levy of the joining fee and completion of the first transaction within 30 days of card issuance

Verbatim from the product page, re-read 16 Aug 2026: "Get 12500 EDGE REWARD points, Worth ₹2500 redeemable against vouchers upon levy of joining fees and on completion of 1st transaction within 30 days of card issuance". The value chart repeats it as "Shopping or Travel vouchers** on welcome 2,500". Note the gate Axis wrote: the points hang on the joining fee being LEVIED, and the same page's fee table currently reads "Standard Joining Fee ₹NIL (Limited period offer)" — so a fee-waived application has no published trigger. Axis publishes no start date for the construct.

On levy of the joining fee and a first transaction within 30 days of card issuance; free cards, first-year-free cards and priority-segment customers are excluded

Axis's own Privilege Easy product page, re-read 29 Aug 2026: "Get 12500 EDGE REWARD points, worth ₹2500 redeemable against vouchers upon levy of joining fees and on completion of 1st transaction within 30 days of card issuance. Free cards, first year free cards and priority segment customers are not eligible for this benefit." Axis calls it an activation benefit; it is the joining bonus. Priced at Axis's own ₹2,500 — the ₹0.20 voucher rung, not our ₹0.40 board mark. The separate 10,000-point grant at ₹2.5 lakh of spend is a milestone, not a welcome, and is not counted here.

One-time, on joining — no spend gate is published

ICICI's own FAQ, verbatim: "The MakeMyTrip Signature Credit Card offers an exclusive MMTBLACK Platinum Membership and a MakeMyTrip Holiday Voucher up to ₹2,500." Priced at the ₹2,500 face ceiling, which exactly matches the ₹2,500 joining fee — but "up to" is a ceiling, not a floor, and the voucher only converts to value inside MakeMyTrip. The MMTBLACK Platinum tier is not separately priced. Undated, and the card is closed to new applications.

₹10,000 of spend within the first 30 days of card issuance

Bandhan has never dated the construct, so the era opens unbounded. The product page states it verbatim — "Get Amazon Pay e-voucher worth ₹2,000 on spending ₹10,000 within first 30 days of card issuance". Face value, not a points conversion.

First transaction within 30 days of card issuance; joining fee ₹3,000 + GST

₹2,000 at SELECT's ~₹0.20 portal redemption (not the ₹0.40 the premium Axis cards reach via transfers). The twelve international Priority Pass lounges are the real acquisition draw, not the points.

One eligible retail transaction within 30 days of issuance and payment of the ₹2,000 annual membership fee — credited within 60 days

Product T&C §3.1, "8000 reward points". ₹2,000 = 8,000 points at RBL's ₹0.25. RBL has never dated a change.

On payment of the ₹3,000 joining fee; the same 4,000 BluChips + 6E Eats voucher repeat on every renewal

The standing construct on Kotak's own product page — Kotak never dated it, so era start is left open. 6E Eats voucher value not published; the ₹ figure prices the 4,000 BluChips at ₹0.50. Vouchers carry 6-month validity from issue.

Payment of the ₹1,999 annual fee and ₹2,000 of spend within 30 days of card issuance — nothing at all on a first-year-free card

Product page, verbatim (re-read 2026-08-16): "Get 8,000 Reward Points on payment of annual fee and spends of INR 2,000 made within 30 days of Card issuance", with "No welcome rewards will be given to First Year Free cards". ₹2,000 = 8,000 points at RBL's ₹0.25. RBL publishes no product T&C PDF for this card — only the bank-wide MITC — so the product page is the primary source, and it has never carried a revision date.

Payment of the ₹1,999 annual fee and ₹2,000 of spend within 30 days of card issuance — nothing at all on a first-year-free card

Product page, verbatim (re-read 2026-08-16): "Get Gift vouchers worth INR 2,000 on payment of annual fee and spends of INR 2,000 made within 30 days of issuance", with "No welcome rewards will be given to First Year Free cards" — a condition the card's own one-line welcome does not carry. ₹ value is voucher face value; RBL does not name the brands. No product T&C PDF exists for this card, so the product page is the primary source and it has never carried a revision date.

On card activation and first transaction (coverage cites 30 days of issuance); joining fee ₹2,000

The only construct the card has ever had — Ananta topped AU's four-card portfolio launch announced 6 May 2026, and the first-sale day was never pinned. ₹2,000 exactly offsets the joining fee, before the catalogue's ₹99-per-redemption fee starts clawing.

₹15,000 spend within 90 days of card activation, on fee payment

Current official construct — the spend gate quietly tripled versus the 2020 era.

₹10,000 spend within 90 days of cardmembership, on payment of the ₹1,000 first-year fee (₹4,500 from year two)

A long-running construct whose gate tweaks Amex has never dated — so one honest era. Referral applications stack a further 4,000 MR on ₹5,000 spend; the channel matters more than the calendar.

One eligible retail transaction within 30 days of card issuance and payment of the ₹1,000 annual membership fee by the first statement's due date

RBL's welcome-benefits sheet, verbatim: "Cardmembers shall receive Welcome vouchers worth INR 1,797 across multiple brands on making an eligible retail transaction within 30 days of card issuance and payment of annual membership fee by the payment due date." The product page rounds the same offer to "worth over INR 1,000"; the sheet's ₹1,797 is the sourced figure. ₹ value is voucher face value — no house-value conversion, since Apex pays in cashback rather than points. The ixigo leg is a discount coupon valid to 31 December 2026, once per user and void on cancellation, so the face value is the ceiling rather than the floor. RBL has never dated a change to this construct, hence one unbounded era.

Activate the card and shop within the first 30 days, and pay the annual fee

RBL's own Shoppers Stop Gold product page, re-read 29 Aug 2026: "Activate your Card and start shopping within the first 30 days to unlock welcome gift worth INR 1,000", and "Shoppers Stop First Citizen Club Golden Glow Membership worth INR 750". No separate Shoppers Stop voucher at this tier — the Black and Platinum cards each add one and this card does not.

The MakeMyTrip voucher comes with the RuPay Select leg; the activation voucher needs a first Visa transaction of ₹300 or more

PNB's Zaggle Twin page splits the welcome across the two cards of one sanction — the RuPay Select leg carries the ₹1,500 MakeMyTrip voucher, the VISA Platinum leg an activation voucher "up to ₹250" on a first ₹300+ transaction. ₹1,750 is the two face values at their published ceilings; the ₹250 leg is capped, not fixed, so the true figure can be lower. Joining ₹499, annual ₹499 waived above ₹1.5 lakh of previous-year spend. PNB has never dated a change.

One tax (income tax/GST), travel or ads (Google/Meta) transaction within 30 days of issuance — FIRST-TIME cardholders only, not conversions, migrations or upgrades

Live product page, verbatim — "with effect from 25th October 2025, the welcome benefit will be applicable only to first-time cardholders. It will not apply to conversions, migrations or upgrades." The same section narrowed the trigger from any online transaction to a tax/travel/ads one and dropped Biz Prime; the Biz Prime pairing survives only in the stale FAQ block on the fees-and-charges page. Value unchanged at ₹1,500.

First purchase transaction (online / contactless / POS) and payment of the joining fee within 30 days of card set-up; fee-based cards only, once per card

Undated by DBS, so the era opens unbounded. The Product Benefits T&C variant table reads "Spark 20 — 7500" Cash Points, under the same first-purchase-plus-joining-fee-within-30-days gate. 7,500 Cash Points at our ₹0.20 house value is ₹1,500, which DBS's own illustration restates: "a welcome bonus of 7,500 Cash Points* (worth ₹1,500) or a waiver of the ₹1,499 annual fee".

First transaction within 30 days of card issuance / activation

Official co-brand page — 1,000 RP (₹500 as ixigo money at ₹0.50) plus a ₹1,000 ixigo money voucher on the first spend. The voucher and the coins are both locked to ixigo travel bookings; there is no cash component.

One eligible retail transaction within 30 days of issuance and payment of the ₹1,500 annual membership fee — credited within 60 days

Product T&C §3.1, "up to a maximum of 6000 reward points". ₹1,500 = 6,000 points at ₹0.25, the rate the TVS FAQ states outright. RBL has never dated a change.

Any transaction at Shoppers Stop

Verbatim from HDFC: "Shoppers Stop voucher worth ₹1500 as welcome benefit on any transaction at Shoppers Stop" and "Complimentary Shoppers Stop Black membership worth ₹4,500". The era is priced at the ₹1,500 voucher alone — the Black membership is a store loyalty tier HDFC values at ₹4,500 and we carry no honest independent value for, so it is described rather than added. Launch date not published, so the era opens unbounded.

₹30,000 of spend within 60 days of card set-up

Verbatim: "Earn White Pass value of ₹1,500* on spending ₹30,000 within 60 days from card set-up". White Pass is denominated in rupees, so ₹1,500 is face value and not a conversion. Kotak has never dated the offer; note that the 1-Apr-2026 change notice excludes transportation and education spends from White Pass milestone calculations, which is the same MCC screen the welcome gate runs on.

One eligible retail transaction above ₹1,000 within 30 days of issuance and payment of the ₹1,499 annual membership fee — credited within 60 days

Product T&C §3.1, verbatim: "'Welcome Benefit' of 6,000 reward points on making an eligible retail transaction above INR 1,000 within 30 days … and upon paying the annual membership fee." ₹1,500 = 6,000 points at RBL's ₹0.25. RBL dated a MILESTONE revision on this card to 10 May 2026 but left the welcome untouched, so the era stays unbounded.

2 transactions within 30 days of card issuance; voucher valid 1 year

Launch construct, still live on Axis's product page as of 25-Jul-2026.

₹30,000 spend within 60 days of card issuance; credits land within 15 days of crossing the gate

Unchanged since the MILES range launched in April 2024. ₹1,500 is 1,500 credits at our ₹1 house value — precisely the joining fee back.

On payment of the ₹1,499 first annual fee

₹1,500 assumes the 1 RP = ₹1 IRCTC train-ticket redemption — the only way these points carry value. Cashed any other way they are worth nothing. A long-running construct SBI has never dated; the official T&C words it as "1500 Reward Points on payment of first annual fee".

On payment of the ₹1,499 annual fee — no minimum spend published; credited within 30 days of the fee payment

SBI's own product record, verbatim: "Get 6000 bonus reward points worth Rs. 1,500 on payment of Annual Fee", credited within 30 days. ₹1,500 is SBI's own valuation and matches our ₹0.25 house value exactly (the card's T&C states "4 Reward Points = Re. 1"). The product page is an AEM shell whose body loads client-side, so the machine-readable record is the primary source. The card launched 15 December 2020 on SBI's record; SBI has never dated a change to the welcome.

On payment of the ₹1,499 joining fee — SBI publishes no first-spend condition for the voucher

SBI's product record for this card states the welcome as a ₹1,500 Apollo 24|7 voucher plus a year of FITPASS PRO "on payment of Joining Fee"; the MITC prints ₹1,499 for both joining and renewal, so there is no separate commencement charge. ₹ figure is the voucher's face value — no house-value conversion needed, and the FITPASS membership is deliberately not priced. The card launched 15 February 2025 on SBI's own record, but SBI has never dated a change to the welcome, so the era opens unbounded.

On payment of the ₹1,499 annual fee

SBI's own product record for the SELECT tier, re-read 29 Aug 2026: "Get 6,000 Bonus Reward Points worth Rs. 1,500 on payment of Annual Fees", beside "Annual Fee: Rs. 1499 + taxes". Valued at our ₹0.25 house value, which is SBI's own 4-points-to-the-rupee catalogue rate — the same arithmetic SBI prints. The MITC carries no waiver clause for this card, so the fee is paid every year and the welcome is not.

On payment of the annual fee and minimum spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own product page, re-read 29 Aug 2026: "6,000 rewards on payment of annual fee and minimum spends of INR 2,000 within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)." Priced at our ₹0.25 house value; RBL's own "HOW IT ADDS UP" table books the same 6,000 points at ₹1,380, a 23-paise rung, and the gap is recorded here rather than split the difference.

2,500 on a first transaction of ₹500 within 30 days; 2,000 more on fifteen UPI transactions of ₹500 each in the same window; 1,500 more on ₹30,000 of spend in three months

RBL's own SalarySe UP product page, re-read 29 Aug 2026: "2,500 reward points on making first transaction of INR 500 within 30 days of issuance · Additional 2,000 reward points on making 15 UPI transactions worth INR 500 each within 30 days of card issuance", with the page's own caveat "Welcome benefits will be given only once to the customer given the eligibility criteria is met." The ₹1,500 prices all three rungs at our ₹0.25 house value; a holder who skips the fifteen UPI payments collects ₹625 of it.

One retail transaction above ₹500 within 30 days of card issuance; credited within 60 days, and only after the annual membership fee is paid

RBL's own IndianOil XTRA product page, re-read 29 Aug 2026: "Road to Rewards — Get 3,000 Fuel Points on beginning the journey. Just shop above INR 500 within 30 days of getting your card", with the same "Important Note - Welcome Benefit is applicable only after annual membership…" beneath it. The 1,000 Fuel Points at each ₹75,000 quarterly milestone on the same page are a milestone, not a welcome, and are not counted here. Priced at the page's own "1 Fuel Point = INR 0.5".

Sent to the registered mobile number within 45 days of the membership fee being paid; the voucher itself expires 12 months after it lands in the Gift Card balance

T&C booklet §10, "PhonePe Welcome Benefit", verbatim: "All eligible PhonePe SBI Card SELECT BLACK Cardholders will be issued a PhonePe e-Gift Voucher worth Rs.1,500. The Voucher Code will be sent on the Cardholder's Registered Mobile Number within 45 days from the payment of Membership Fee." One-time only, and the account must be in good standing on the payment date. The `from` is SBI's own cardLaunchDate for this product. DESK NOTE, not a reader-facing fact: §10.3 of this booklet conditions the gift on "paying the Annual Membership Fee of Rs. 499 + taxes", which is the fee of the PhonePe SBI Card SELECT — the tier BELOW this one. SELECT BLACK is ₹1,499 in SBI's own MITC. Treated as a copy-paste from the sibling booklet, so the ₹1,499 stands and the ₹499 is not modelled.

On payment of the ₹1,499 joining fee

The standard construct since the Aug-2022 co-brand launch — NeuCoins equal to the fee, a self-refund at ₹1 a coin. The exact first-sale day was never pinned, hence no start date.

Credited within 15 days of the ₹1,499 fee being realised — no first-transaction condition published

T&C §11.3(a) verbatim — "Get 1,499 NeuCoins (1 NeuCoin = Re. 1 savings) as Welcome benefit within 15 days of realization of joining fee". ₹ figure is the fixed ₹1 house value, which is also the ceiling. The construct dates from the card's 1 May 2025 relaunch; SBI publishes no earlier era for this tier.

First purchase within 30 days of card issuance; voucher code by SMS within 45 days

Same joining benefit, no renewal — Axis's own value chart marks the SonyLIV line "Applicable for first year only". In its place a spend milestone worth ₹200: 1,000 EDGE REWARD Points at ₹1,50,000 of anniversary-year spend, priced at the ₹0.20 My Zone redeems for, evaluated 60 days after the anniversary.

On the first transaction within 60 days of issuance (fee ₹1,499); repeats on renewal

The launch/standing construct — SBI's IndiGo co-brand launched in 2026 (exact date not verified, so era start is left open). ₹ figure prices 2,500 BluChips at ₹0.50.

On payment of the ₹1,500 joining fee; repeats on every renewal

The standing construct on Kotak's own product page, corroborated by CardInsider — undated by Kotak, so era start is left open. ₹ figure prices 2,500 BluChips at ₹0.50. Voucher valid 6 months from issue.

On realisation of the ₹2,500 fee; card CLOSED to new applications — the row documents the grandfathered construct

Construct predates our records — HDFC never dated it (from left null). ₹ figure prices 2,500 RP at the ₹0.50 redemption ceiling, not the ₹1 house value this card cannot reach. Corroborated by CardExpert ("2,500 reward points on paid cards").

First purchase transaction (online / contactless / POS) and payment of the joining fee within 30 days of card set-up; fee-based cards only, once per card

Undated by DBS, so the era opens unbounded. The Product Benefits T&C variant table reads "Spark 10 — 5000" Cash Points, under the same first-purchase-plus-joining-fee-within-30-days gate that governs all three tiers. 5,000 Cash Points at our ₹0.20 house value is ₹1,000, and DBS's own illustration states it: "a welcome bonus of 5,000 Cash Points* (worth ₹1,000) or a waiver of the ₹999 annual fee".

On payment of the ₹999 joining fee, credited within 120 days of issuance; 1,000 more at every renewal, within 30 days of fee payment

The standing construct on Kotak's own Air product page — undated by Kotak, so era start is left open. ₹ figure prices 1,000 Air Miles at the flat ₹1 Kotak Unbox redemption (₹0.50 if taken as instant vouchers).

A direct EMI purchase or a transaction converted to EMI within 30 days of card generation

IDFC has never dated this construct (from and to left null). The ₹1,000 ceiling needs a ₹20,000 EMI conversion, so the money is real but the interest is yours to pay — treat it as a discount on borrowing, not a bonus. IDFC's own WOW! vs WOW! Black table puts the "welcome benefits worth ₹5,000+" row against Black only.

One eligible transaction within 30 days of card issuance AND payment of the annual membership fee by the due date; the redemption link is emailed within 30 days of qualifying

Product T&C §3.2 makes the fee condition explicit — the voucher is mailed "upon paying the first month membership fees as reflected in the monthly statement by the payment due date" — and gives RBL 90 days from issuance to send it. The product page says the same in a footnote: "Welcome benefits are applicable only after the annual fee has been paid." Launch date not published, so the era opens unbounded.

On joining and fee payment (₹999); the joining voucher is valid 1 year, the renewal voucher 3 months

₹1,000 is the joining voucher's face value. MMTBLACK Gold is a membership tier — discounts and support perks that resist an honest ₹ number — and rides on top, as does the recurring ₹1,000 renewal voucher from year two.

Minimum ₹10,000 of spend within 30 days of card activation

Union publishes no start date, so the era opens unbounded. The product page's rewards table states it verbatim — "Upon Activation — Spend min Rs 10000/- within 30 days & earn additional 4000 reward points" — though Union heads the whole table "Rewards structure proposed as follows", wording we have left alone rather than smoothed over. 4,000 Union Rewardz at our ₹0.25 house value is ₹1,000.

Cumulative net spends of ₹1,000 or above within 30 days of card issuance

Verbatim from the product page, re-read 16 Aug 2026: "Enjoy 5,000 EDGE REWARD Points on cumulative net spends of ₹1,000 or above within 30 days of card issuance", and the value chart lists "Welcome Benefit**** — 1,000". The card's own T&C states "1 EDGE rewards = INR 0.20", so ₹1,000 is the honest figure, not the ₹2,000 the ₹0.40 house value would suggest. Axis publishes no start date for the construct.

Paid on realisation of the ₹1,000 joining membership fee; nothing is posted for renewal fee payments

Verbatim from the 20-Jul-2026 product T&C: "Welcome Benefit of 1000 CashPoints will be given to the cardholder if the joining membership fee is paid. There will be no cashpoints posting for renewal membership fee payments." ₹1,000 is 1,000 CashPoints at the ₹1 statement-credit rate the same document sets for Millennia holders — the top of the CashPoints range, against Freedom's ₹0.15. A ₹50 redemption fee applies to statement credit from 1 Aug 2024, and the 500-point minimum is cleared comfortably. Undated.

First transaction within 30 days of card issuance; fee-paying cards only, and not for existing Axis Cashback customers or upgrades from another Axis card

Axis's own Cashback product page, re-read 29 Aug 2026 — "Enjoy EDGE Reward points worth ₹1000 upon first transaction within 30 days of card issuance", and the page's Value Chart books the same line at ₹1,000. Axis publishes the welcome in rupees, so we do too; the card page's 5,000-point figure is that ₹1,000 at the ₹0.20 voucher rung.

Swipe within 30 days of card issuance and pay the annual membership fee by the payment due date; credited within 60 days of issuance

RBL's own Platinum Delight product page, re-read 29 Aug 2026: "Begin your Platinum Delight Credit Card journey with 4,000 reward points. Avail the welcome benefit in two simple steps: Swipe and use your card within 30 days of card issuance. Pay the annual membership fee by the payment due date. Welcome Benefit will be credited to your account within 60 days from the date of the Card issuance." Priced at our ₹0.25 house value, which is also RBL's own published ceiling — its product pages state "Each reward point is redeemable for up to INR 0.25".

On payment of the annual fee and spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own Platinum Max product page, re-read 29 Aug 2026: "Get 4,000 Reward points on payment of annual fee and spends of INR 2,000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)." That parenthesis runs across the whole Platinum shelf and is the condition most summaries drop. Priced at our ₹0.25 house value.

On payment of the annual fee and spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own Platinum Prime product page, re-read 29 Aug 2026: "Get 4,000 Reward points on payment of annual fee and spends of INR 2,000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)." Priced at our ₹0.25 house value.

On payment of the annual fee and spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own Platinum Plus product page, re-read 29 Aug 2026: "…reward points on payment of annual fee and spends of INR 2000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)." The same page still leads with "Complimentary Airport lounge access across India" and then footnotes it — "W.E.F July 01, 2025, we have discontinued the lounge benefits for this card" — which is worth knowing before you read anything else on it. Priced at our ₹0.25 house value.

On payment of the annual fee and spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own Binge product page, re-read 29 Aug 2026: "Get 4,000 Reward points on payment of annual fee and spends of INR 2,000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)." Priced at our ₹0.25 house value.

Download the RBL Bank MyBank app, make a first transaction within 30 days of card issuance, and pay the joining fee by the due date of the first statement

RBL's own product page, re-read 29 Aug 2026: "Enjoy movies and events worth INR 1,000 on BookMyShow*. Just 3 simple steps to earn your welcome benefit: Download RBL Bank MyBank App · Make 1st transaction within 30 days of card issuance · Pay your joining fee by the due date of your first statement", footnoted "*The INR 1,000 discount or 4 free movie tickets (whichever is lower) can be availed in 2 transactions". The app download is a real gate and every summary drops it. Priced at face value — this is a BookMyShow discount, not points.

One transaction within 30 days of card issuance; fee-paying holders only, and mailed within 60 days

RBL's own Cookies product page, re-read 29 Aug 2026: "Welcome Benefit — A welcome gift voucher of INR 1,000 serves as the first step in the Cookies Credit Card's rewarding experience. Choose from Croma, Myntra, Amazon, Flipkart, and Shoppers Stop!* *Make a transaction within 30 days of the card's issuance, to avail…". Face value, not points — the voucher never enters the RBL rewards catalogue.

The voucher redeems instantly at the till on any Shoppers Stop purchase; the membership comes with the card

HDFC's own product page, re-read 29 Aug 2026, whose hero block reads "3% Reward Points On Shoppers Stop Purchases · Welcome Voucher Worth ₹500 · Shoppers Stop Silver Edge Membership". The ₹350 is Silver Edge's own published price, carried in the card's Terms & Conditions; it is included here because it has a face value, unlike the unpriced membership bundles elsewhere in this file. HDFC's MITC prints this card at ₹299 with the waiver column empty, so the fee recurs and the welcome does not.

On card activation — SBI publishes no minimum spend

T&C booklet cl. 4 sets the welcome benefit at ₹750 in Reward Points on card activation. ₹750 is the figure SBI states in rupees, and the card's points are fixed at "1 Reward Point = Re 1" since the 1 July 2024 cashback-to-points switch, so the ₹ figure and the house value agree. The Paytm Super Saver membership is deliberately not priced. The card launched 4 November 2020 on SBI's record; no change to the welcome construct has been published since the 2024 currency switch.

Swipe within 30 days of card issuance and pay the annual membership fee by the payment due date

RBL's own DMI Finance product page, re-read 29 Aug 2026, whose hero reads "…Reward Points & INR 200 Voucher" and whose benefit block reads "The Points Parade Begins: Receive a warm welcome of 2,000 Reward Points. Avail the welcome benefit in two simple steps: Swipe and use your card within 30 days of card issuance. Pay the annual membership fee by the payment due date." Points at our ₹0.25 house value plus the voucher at face.

On joining-fee payment (₹799); voucher credited after first transaction

The launch/standing construct (cards live since 18 Feb 2026). A 2x window ran 1,200 → 2,400 BluChips through 31 Aug 2026 — Axis's own Double-welcome-bonus offer T&C dates the window 1 Jun to 31 Aug and supersedes LiveFromALounge's 31 Jul. Promo, not the base welcome.

₹10,000 spend within 30 days of card issuance; card is lifetime free

The construct attested in Celesta's coverage — a ₹600 Amazon Pay voucher for ₹10,000 of early spend. On a lifetime-free card it is pure upside; the two free international lounge visits a year are the real reason to hold it.

First purchase transaction (online / contactless / POS) and payment of the joining fee within 30 days of card set-up; fee-based cards only, once per card

DBS publishes no start date, so the era opens unbounded. The Product Benefits T&C tabulates the welcome bonus by variant — Spark 5 2500, Spark 10 5000, Spark 20 7500 — and gates it: "Welcome benefit will be applicable to customer making first purchase (online/contactless/POS) transaction and payment of joining fee within 30 days of card set up. Welcome benefit will be applicable on fee-based cards only." 2,500 Cash Points at our ₹0.20 house value is ₹500, and DBS's own benefit illustration agrees to the rupee ("a welcome bonus of 2,500 Cash Points* (worth ₹500)").

₹5,000 of spend within 30 days of card activation; the dining membership needs ₹10,000 in the same window

AU's own CA product page, read from the Internet Archive (au.bank.in 403s every HTTP client). Valued at AU's ₹0.25 catalogue rate. The dining membership is unnamed on the CA page — the CS twin's page calls the same benefit a SwiggyOne quarterly membership — so no rupee value is claimed for it.

₹5,000 of spend within 30 days of card activation; the SwiggyOne quarter needs ₹10,000 in the same window

AU's own CS product page, read from the Internet Archive (au.bank.in 403s every HTTP client). Valued at AU's ₹0.25 catalogue rate; the SwiggyOne quarter carries no published face value, so it is not priced.

One eligible retail transaction within 30 days of issuance and payment of the ₹500 annual membership fee — credited within 60 days

Product T&C §3.1, "up to a maximum of 2000 reward points" — the hedge is RBL's own wording. ₹500 = 2,000 points at ₹0.25, the rate the TVS FAQ states outright ("Value of 1 Reward Point shall be upto INR 0.25"). RBL has never dated a change.

First transaction within 30 days of card issuance, no minimum spend; credited within 12 days

500 EDGE Miles at the ₹1 this card actually redeems them for (T&C §5.1, "1 EDGE Mile = INR 1"), not the ₹2.00 EDGE Miles house value — Atlas's ratio does not apply here. Expressly NOT paid to existing IndianOil Premium holders, nor to customers swapped in from another Axis card (§4.4–4.5). Axis publishes no start date for the construct, so the era is left open at both ends.

₹5,000 spend within 30 days of card setup; the EMI cashback needs a first EMI txn

₹500 counts the voucher face; the 5% EMI cashback (max ₹1,000) rides on top only if you convert a purchase to EMI. Re-verified 08-Aug-2026 against IDFC's own FAQ — "joining benefits worth ₹1,500 … 1. a ₹500 welcome voucher when you spend ₹5,000 or more within 30 days of card activation. 2. 5% cashback, up to ₹1,000, on the first EMI transaction" — and the card's `welcome:` line now carries both halves, so the two surfaces itemise the same pair. On a lifetime-free card the welcome was never the point — the 1.5% forex and free-for-life status are (the never-expire promise on points ended 18-Jun-2026).

₹5,000 spent within 30 days of card generation for the voucher; the EMI cashback separately needs a first EMI transaction in the same 30-day window

IDFC has never dated this construct (from and to left null). We price only the ₹500 voucher — the EMI cashback needs you to borrow, so it isn't banked here. IDFC sends the voucher link by SMS/email 4–5 working days after the spend criterion is met, and it must be redeemed within 90 days of that message.

One transaction of any amount within 37 days of card issuance; not paid on lifetime-free or first-year-free cards issued before 1 Oct 2025

Face value, no conversion — the voucher is denominated in rupees, so this card's rail-only ₹1 point never enters the arithmetic. The governing T&C (updated 29 May 2025) sets the 37-day gate and the fee-variant exclusion; HDFC has never dated the offer's start. Exactly cancels the ₹500 joining fee, which is levied on the 45th day after issuance — eight days after the welcome window shuts.

One eligible retail transaction above ₹500 within 30 days of issuance and payment of the ₹500 annual membership fee by the first statement's due date — credited within 60 days

Product T&C §3.1. ₹500 prices the points at the ₹1 house value, which holds only on irctc.co.in and the IRCTC app — §3.2(e) states the ₹1 rate for that door and no rate at all for RBL's own rewards portal. RBL has never dated a change to this construct.

₹1,000 of spend within the first 30 days, on applications made online through the bank's own offer tile

Found and verified 16 Aug 2026 in the page's Oracle content item byoc_credit_card_offers_sec (CORE8FCE83D56EC24F15A126B7C155D749A2), verbatim: "Apply Today & get a FREE Amazon voucher worth ₹500* on spending ₹1000 within first 30 days." A plain fetch of the URL returns a nav-only shell, which is why this desk had BYOC down as "None published" until today — corrected on the card page in the same pass. The tile is BYOC-specific: the same item ID appears on no other YES card page, and Wellness Plus runs its own copy of the construct. No start date is published.

₹5,000 of spend within 45 days of card issuance; credited roughly two statement cycles later

₹500 is 2,000 points at ₹0.25 — the rate this card's own T&C (16 Dec 2025) proves rather than asserts, by calling "20 points on every ₹100" a "5% benefit". Clause I attaches the spend condition to the joining benefit. Undated; the card is still open, so verify the live offer at application.

Released only on realisation of the ₹499 joining fee

Kotak's own words: "5,000 Rewards points worth Rs.500/- on joining", post joining-fee realisation. ₹500 is 5,000 points at the 10 paise per point the Revised Cardholder Agreement sets for League — the bottom of Kotak's three-rate spread, not the ₹0.25 shelf middle. Kotak has never dated the offer.

₹1,000 of spend within the first 30 days, on applications made through the bank's own campaign link

Verified 16 Aug 2026 through the page's Oracle content items, verbatim: "Special offer for applying through the above link — Get a FREE Amazon voucher worth ₹500* on spending ₹1000 within first 30 days." The link-gating is the offer's own wording, not our inference, and it is the reason this welcome is easy to miss: the card is issued in 12 cities only and a branch application never sees the campaign link. The ₹1,499 fee has "Not Applicable" in both waiver columns of the MITC, so the voucher is the only first-year offset. No start date is published.

Three transactions within 30 days of card issuance

Axis's own Samsung Signature product page, re-read 29 Aug 2026 — "2500 EDGE REWARD Points on doing 3 transactions within 30 days from card issuance date", repeated verbatim in the page's Welcome Benefit modal. Priced at ₹0.20 a point, Axis's own voucher-catalogue rung and the floor of our EDGE band, not the ₹0.40 board mark — this card sits in no Travel EDGE column, so its points redeem against the catalogue or transfer at 20 points per partner mile.

On payment of the ₹499 annual fee — no first-transaction or spend condition published

SBI's product record carries it verbatim — "Get Amazon.in e-Gift Card worth Rs. 500 on payment of Annual Fee" — and links a separate welcome-benefit T&C PDF for the detail. ₹ figure is the voucher's face value, no house-value conversion needed. The travel side of this card's opening year is the milestone ladder rather than the welcome — ₹2,000 of Cleartrip or Yatra e-vouchers at ₹1 lakh of annual ONLINE spend and ₹2,000 more at ₹2 lakh.

₹5,000 of spend within 30 days of card activation for the voucher; the EMI cashback separately needs a first EMI transaction inside the same 30 days

Undated by IDFC, so the era opens unbounded. Product page FAQ verbatim: "You can enjoy joining benefits worth ₹1,500 with your FIRST Millennia Credit Card: 1. Receive a ₹500 welcome voucher when you spend ₹5,000 or more within 30 days of card activation. 2. Get 5% cashback, up to ₹1,000, on the first EMI transaction made within 30 days of card activation." We bank the voucher only; the EMI half is a discount on credit. Voucher must be picked within 90 days of the reward SMS.

₹5,000 of spend within 30 days of card generation for the voucher; the EMI cashback separately needs a first EMI conversion inside the same 30-day window

IDFC has never dated this construct, so the era opens unbounded. Product page FAQ verbatim: "A ₹500 gift voucher from top brands upon spending ₹5,000 within 30 days of card generation · 5% cashback (up to ₹1,000) on your first EMI transaction within the same 30-day window." We price only the voucher — the EMI cashback requires you to borrow, so it is not banked here, the same call made on FIRST Select and FIRST Wealth. The 30 days run from the SMS/email confirming card generation, and the voucher must be picked within 90 days of the reward SMS. UPI, add-on, wallet-load, EMI-converted and ATM transactions do not count toward the ₹5,000.

₹10,000 of spend within 30 days of card set-up for the points; the EMI cashback needs a first EMI transaction inside the same 30 days

IDFC publishes no start date, so the era opens unbounded. The Product Guide states both halves under "A Credit Card that Welcomes you with Cashback and Discounts" — "Earn 2000 Reward Points on spending first ₹10,000 within 30 days of card set up" and "5% Cashback up to ₹1000 on first EMI transaction done within 30 days of card set up". Priced at the ₹0.25 a point the same guide prints ("1X = 1 Reward Point per ₹125 | 1 Reward Point = ₹0.25"), matching the call made on FIRST SWYP — and ₹0.25 is also the idfc-reward-points house value, so this row agrees with bonus × house value exactly. Corrected 2026-08-23 — the note previously claimed app travel lifted these points to a ₹0.50 house mark and ₹1,000. Both halves were wrong. ₹0.50 stopped being the house value on 2026-08-16 (it was only ever Mayura's app-travel rung), and LIC Select does not reach an app-travel rung at all — its own product guide prints a flat ₹0.25 and data/cards/idfc-lic-select .yaml states "₹0.25 is the ceiling, not a floor". Redemptions also carry a ₹99 + GST fee. The EMI cashback is a discount on borrowing and is not banked here.

First HPCL fuel transaction of ₹500 or more within 60 days of card set-up; primary card only, joining fee paid; voucher issued within 75 days and redeemable for 90 days after issue

Same ₹500 face, worse mechanics. IDFC verbatim: "For cards setup June 10, 2025, onwards, the benefit is given as gift voucher… 1st HPCL fuel transaction of ₹500 or above to be done within 60 days of cards set-up… gift voucher will be issued within 75 days of card set-up and can be redeemed within 90 days of voucher issuance." Not applicable on UPI or add-on transactions. A separate 5% cashback up to ₹1,000 on a first EMI conversion rides alongside and is not banked here — IDFC totals the pair plus merchant offers at "welcome benefits worth ₹2,500".

On payment of the ₹499 joining fee; credited within 20 days of that payment

SBI's own machine-readable product record for the card, re-read 29 Aug 2026: "Get 2,000 bonus reward points worth Rs. 500" and "Reward points will be credited within 20 days of the payment of Joining Fee", beside "Annual Fee: Rs. 499+ taxes". The ₹500 is SBI's own figure and it matches our ₹0.25 house value exactly — 4 Reward Points to the rupee is SBI's published catalogue rate. SBI has never dated this construct, so both era boundaries are null.

Credited in the Google Pay app on card activation; the 2X rung runs for the first reward cycle

Axis's own product page, re-read 29 Aug 2026: "Get a ₹250 gift card and 250 stars on the Google Pay app as your welcome reward. This is subject to offers run by Google Pay", with "Welcome Rewards worth ₹500 on Google Pay" in the page hero and "Welcome Benefit: 2 Stars per ₹500 in the first reward period" in the value chart. Stars price at ₹1 each on the page's own "One star is equal to ₹1", which is where the ₹500 comes from.

₹2,000 or more of spend within the first 60 days

SBI's own product record, re-read 29 Aug 2026: "Spend Rs. 2,000 or more in first 60 days and get 2,000 Bonus Reward Points", beside "Annual Fee: Rs. 499 + taxes" and "Renewal Fee is reversed if annual spends for last year >= Rs. 1,00,000." Valued at SBI's published 4 Reward Points to the rupee, which is our ₹0.25 house value. Note the record's slug is `simply-save-sbi-card`, hyphenated differently from the product page's `simplysave-sbi-card` — the obvious JSON URL 404s.

On payment of the ₹499 annual fee

SBI's own product record, re-read 29 Aug 2026: "2,000 reward points worth Rs. 500 on annual fees payment", beside "Annual Fee: Rs. 499 + taxes". Valued at our ₹0.25 house value — SBI's own 4 Reward Points to the rupee. SBI's MITC prints this card with no waiver clause at all, so unlike the BPCL and SimplySAVE rows the fee it refunds recurs.

On payment of the ₹499 joining fee; delivered within 30 days of the fee being realised

SBI's own product record, re-read 29 Aug 2026: "Get Reliance Retail Voucher worth Rs. 500 on payment of Joining Fee", "Additional discount vouchers worth Rs. 3200" and "Vouchers shall be delivered with in 30 days post realization of the joining fees". Only the ₹500 is priced — the ₹3,200 is SBI's face-value tally of discount coupons, which pay nothing unless you spend to redeem them, and pricing a discount as cash is how a welcome gets inflated four-fold.

On payment of the annual fee and spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own Platinum Choice product page, re-read 29 Aug 2026: "Get 2,000 Reward points on payment of annual fee and spends of INR 2,000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)." Priced at our ₹0.25 house value.

On payment of the annual fee and spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own Platinum Advantage product page, re-read 29 Aug 2026: "Get 2,000 Reward points on payment of annual fee and spends of INR 2,000 made within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)", beside "Annual Rewards worth INR 3,075+". Priced at our ₹0.25 house value.

On payment of the annual fee and minimum spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own MyFirst product page, re-read 29 Aug 2026, both in the benefits block and in its value table: "Welcome Gift: Get 2,000 RP on spending INR 2,000 within 30 days of card issuance (No welcome rewards will be given to First Year Free cards) 500" — RBL's own ₹500 line, which is our ₹0.25 house value exactly.

Swipe within 30 days of card issuance and pay the annual membership fee by the payment due date; credited within 60 days of issuance

RBL's own Shoprite product page, re-read 29 Aug 2026: "Begin your Shoprite Credit Card journey with 2,000 reward points. Avail the welcome benefit in two simple steps: Swipe and use your card within 30 days of card issuance. Pay the annual membership fee by the payment due date. Welcome Benefit will be credited to your account within 60 days from the date of the Card issuance." No ₹2,000 spend gate here — the Platinum shelf's condition does not apply to this card. Priced at our ₹0.25 house value, which this page states outright: "Each reward point is redeemable for up to INR 0.25".

A first spend of ₹500 or more within 30 days of card issuance, once the membership fee is paid

RBL's own Patanjali Vishisht product page, re-read 29 Aug 2026: "Welcome Benefit — Earn 2,000 reward points as welcome benefit on your first spend of INR 500 or more, within 30 days from card issuance." This card carries no first-year-free exclusion in its welcome clause, unlike the Platinum shelf. Priced at our ₹0.25 house value.

One retail transaction above ₹500 within 30 days of card issuance; credited within 60 days, and only after the annual membership fee is paid

RBL's own IndianOil product page, re-read 29 Aug 2026: "Road to Rewards — Get 1,000 Fuel Points on beginning the journey. Just shop above INR 500 within 30 days of getting your card", followed by "Important Note - Welcome Benefit is applicable only after annual membership…". Priced at the ₹0.50 Fuel Point the same page states — "1 Fuel Point = INR 0.5" — which is our house value for the currency.

Eligible spends of ₹10,000 within 90 days of card issuance

Amex's own product page. Earlier SmartEarn eras were never archived with a verifiable date, so we publish only the live construct.

Payment of the ₹500 joining fee AND ₹5,000 of spend in the first 45 days; dispatched within 60 days, and applicable only on cards that were charged a joining fee

Clause A of the card T&C (last updated 21 May 2026) sets both gates: the 2,000 points need "payment of the joining fee and spends of Rs. 5000 in the first 45 days". ₹500 is 2,000 points at the ₹0.25 this card's redemption actually reaches — ICICI's ₹1.00 iShop travel rate belongs to Emeralde Private Metal, not here. A further 2,000 points arrive each year the annual fee is genuinely paid, and clause B forfeits them if the ₹1.5 lakh fee waiver is won instead. Undated, and ICICI has stopped taking applications.

First transaction within 30 days of card issuance; not offered on lifetime-free or first-year-free variants

Mirrors Tata Neu Infinity's 1,499 NeuCoins against its ₹1,499 fee — HDFC prices the welcome at exactly the joining fee on both rungs.

Credited within 15 days of the ₹499 fee being realised — no first-transaction condition published

T&C §11.3(a) verbatim — "Get 499 NeuCoins (1 NeuCoin = Re. 1 savings) as Welcome benefit within 15 days of realization of joining fee." ₹ figure is the fixed ₹1 house value, which is also the ceiling. The construct dates from the card's 1 May 2025 relaunch; SBI publishes no earlier era for this tier.

Minimum spend of ₹5,000 within the first 30 days

Federal's own Imperio product page. Celesta, the sibling, pays ₹600 on ₹10,000 — the same 6–8% band.

Card activation for the first 500; a first transaction of ₹5,000 or more within 30 days of activation for the other 1,000

IDBI publishes no start date, so the era opens unbounded. The product page states both halves verbatim — "500 bonus delight points on card activation" and "1,000 bonus delight points on first transaction of Rs. 5,000 or more within 30 days of card activation". 1,500 Delight Points at our ₹0.25 house value is ₹375.

Released only on payment of the ₹1,500 joining fee

Verbatim: "You can avail of a welcome gift of 1500 Zen points. This gift can only be realized upon paying the joining fees of ₹1500/-". ₹375 is 1,500 points at Kotak's ₹0.25 catalogue value — the page publishes no rupee value for a Zen Point at all, so the house rate does the work. Undated.

A single transaction of ₹500 or more within 60 days of card issuance; credited within 45 days. Fuel and cash spends do not count.

SBI's product record carries the construct verbatim, with the fuel-and-cash exclusion in the detail card. ₹ figure prices 350 Reward Points at the ₹1 house value, which holds only against an AC train fare on irctc.co.in. Separately and every year, T&C §11.4(d) credits 500 Reward Points on payment and realisation of the ₹500 renewal fee — that is a renewal benefit rather than a welcome one, so it is modelled as an unconditional milestone on the card rather than a second row here. The ₹500 membership and renewal fees both date from 26 Dec 2024.

First transaction within 30 days of card issuance; paid cards only — Axis states first-year-free cards are not eligible for the Flipkart voucher

Axis's own product page, re-read 29 Aug 2026, which states the exclusion twice: "(not applicable for first year free offer)" beside the voucher and, in the fine print, "Only paid cards with Joining Fee and Annual Fee are eligible for the welcome benefit of Flipkart Voucher worth INR 250. First-Year Free cards (with no Joining Fee) are not eligible." The Swiggy half is 50% off up to ₹100 for first-time Swiggy users on code AXISFKNEW, and the page's own value chart books the pair at ₹350. A limited-period ₹1,500 Cleartrip voucher on ₹30,000 of spend rode on this welcome earlier in 2026; it is gone from the page as of 29 Aug 2026 and is not priced here.

Card activation for the first 500; a first transaction of ₹5,000 or more within 30 days of activation for the other 750

Undated by IDBI, so the era opens unbounded. Product page verbatim — "500 bonus delight points on card activation" and "750 bonus delight points on first transaction of Rs. 5,000 or more within 30 days of card activation". 1,250 Delight Points × ₹0.25 = ₹313 (rounded).

Card activation for the first 500; a first transaction of ₹1,500 or more within 30 days of activation for the other 750

Undated by IDBI, so the era opens unbounded. Product page verbatim — "500 bonus delight points on card activation" and "750 bonus delight points on first transaction of Rs. 1,500 or more within 30 days of card activation". 1,250 Delight Points × ₹0.25 = ₹313 (rounded). The gate is a third of Eclat Select's and Euphoria World's.

First utility bill payment within 30 days of card issuance

Axis's own LIC Signature product page, re-read 29 Aug 2026: "Activation Benefit — 100% cashback up to ₹300 on first utility bill payment within first 30 days of card issuance." Priced at face value, not at the LIC catalogue rung — the benefit is a cashback credit, not points. Axis has never dated this construct, so both era boundaries are null rather than invented.

First utility bill payment within 30 days of card issuance; the ₹250 joining fee is nil on select lifetime-free channels

Verbatim from the product page, re-read 16 Aug 2026: "100% cashback up to ₹300 on first utility bill payment within first 30 days of card issuance". The value chart prices it at ₹300 and stamps it "*Activation Benefits, applicable for first year only" — which is why NEO's year-2 total drops ₹9,300 → ₹9,000 on Axis's own arithmetic. Axis publishes no start date for the construct, so the era is left open at both ends.

Card activation — Bandhan publishes no spend gate or window for Ignite's activation benefit on the product page or in the MITC

Verified 16-Aug-2026 against the product page's Value Chart, whose first row reads "Activation benefit – reward points | 250". Unlike Sparks, Flare and Lumina — each of which carries the offer as a feature-slider line with a spend gate and a 30-day window — the Ignite page carries no such line, and the 13-Jul-2026 MITC has no welcome-benefit clause at all. So we publish the point count Bandhan's own arithmetic implies (₹250 ÷ ₹0.25) and decline to invent the gate. The card's `welcome:` line currently asserts "₹10,000 spend within 30 days", which we could not source anywhere on Bandhan's site.

First successful UPI credit-card transaction of ₹2,000 or more on the Edge CSB card in the Jupiter app

Undated by Jupiter, so the era opens unbounded. The card T&C states it verbatim under "Welcome Voucher of Rs. 250/- on 1st Successful Transaction with Partner Brands" — "A welcome voucher will be issued to customers valued at Rs. 250/- after the first successful UPI Credit card transaction of Rs. 2000 or more, from the Edge CSB Bank Credit Card on Jupiter App. User can select any one voucher via partner brands Amazon, Flipkart, Swiggy, Zomato, or Myntra." Priced at face, not in Jewels.

Card activation for the first 500; a first transaction of ₹1,000 or more within 30 days of activation for the other 500

Undated by IDBI, so the era opens unbounded. Product page verbatim — "500 bonus delight points on card activation" and "500 bonus delight points on first transaction of Rs. 1,000 or more within 30 days of card activation". 1,000 Delight Points at our ₹0.25 house value is ₹250.

Credited within 60 days of annual-fee realisation; the voucher expires one year from issue

T&C booklet §11, "Welcome Benefit Program", verbatim: "Customer will be eligible for Flipkart e-Gift Voucher of INR 250 within 60 days of fee realization with expiry of 1 year." The `from` is SBI's own cardLaunchDate for this product (2025-08-26) — the offer cannot predate the card, and SBI has published no change since. ₹ figure is the voucher's face value; this card issues cashback, not points, so no house-value conversion applies. The extra vouchers and the ₹750 Cleartrip flights coupon on the card page are APPLICATION-CHANNEL offers that differ by whether you apply through the Flipkart, Myntra or Cleartrip app, so they are not part of the card's own welcome era.

At least one transaction within 37 days of card issuance; no minimum transaction value

The card's own Terms & Conditions, §2.5 "Activation Benefit", re-read 29 Aug 2026: "INR 250 worth of voucher redeemable through link received via SMS by entering a unique code", with the eligibility printed beneath it — "1. At least one transaction within 37 days from card issuance date 2. There is no minimum transaction value 3. All blocked and closed cards are not considered." The voucher arrives by SMS link, so it is priced at face value and not through the Fuel Point catalogue.

Spending ₹500 within 30 days of card issuance; the fee-paying variant only, and only once the joining fee has been realised

Kotak's own IndianOil product page, re-read 29 Aug 2026, which prints the clause twice: "1000 Reward Points*** as welcome benefit on spending INR 500 # within 30 days of card issuance" and "Get 1000 Reward points as welcome benefit on spending INR 500 within 30 days of card issuance". Priced at our ₹0.25 house value for Kotak Reward Points.

Fuel transactions at IndianOil outlets within 30 days of card issuance

Axis's own IndianOil product page, re-read 29 Aug 2026: "Get upto 1250 EDGE REWARD Points on first fuel transactions with your IndianOil Axis Bank Credit Card within first 30 days of card issuance." Priced at ₹250 because the same page's value chart books "Activation Benefits — 250", which is the ₹0.20 voucher rung and not our ₹0.40 board mark.

On payment of the annual fee and minimum spends of ₹2,000 within 30 days of card issuance; first-year-free cards get nothing

RBL's own EasySaver product page, re-read 29 Aug 2026: "Get 1,000 RP as welcome rewards on payment of annual fee and minimum spends of INR 2,000 within 30 days of card issuance (No welcome rewards will be given to First Year Free cards)", beside "Annual Rewards worth INR 1,500+". Priced at our ₹0.25 house value.

A card purchase within 30 days of issuance and payment of the annual membership fee by the due date; credited within two weeks of the purchase

RBL's own Duet Plus product page, re-read 29 Aug 2026: "Welcome Benefit — Start your journey with INR 250 Cashback. Avail the same by making a card purchase within 30 days of card issuance & paying the annual membership fee by payment due date. Benefit will be credited to your card account within 2 weeks of purchase." Cashback, so face value.

₹5,000 of spend within 30 days of card generation, on the primary card only; the EMI cashback needs a first EMI transaction in the same window

IDFC FIRST's own LIC Classic product page, re-read 29 Aug 2026: "1,000 Rewards on spending first ₹5,000 within 30 days of card generation", "5% cashback (up to ₹1000) on the transaction value of first EMI done within 30 days of card generation", "Exciting merchant offers worth ₹1,500+", under the heading "Joining Benefits worth ₹3,000+". Only the 1,000 Rewards are priced — at our ₹0.25 house value — because the ₹1,000 needs you to convert a purchase to EMI and the ₹1,500 is a book of merchant discounts. The page also carries a condition the summaries drop: "Spends done only on Primary Card are eligible for Welcome benefit."

First transaction on the card; IDFC calls it a Joining Offer rather than a welcome benefit

IDFC FIRST's own product page for this secured RuPay card, re-read 29 Aug 2026: "Joining Offer: 10% cashback of up to ₹250 on first transaction*". The same page currently strikes the joining fee through — "Limited Period Offer: ₹0 ₹499+GST Joining Fee + 10% cashback up to ₹250 on 1st transaction" — which is a promotion on the FEE, not part of this era, and is recorded here so a later desk can date it if IDFC ever withdraws it.

First transaction within 30 days of card issuance; not available on cards issued without a joining fee

Axis's own Airtel product page, re-read 29 Aug 2026: "Get Amazon eVoucher worth ₹250 on first transaction made within first 30 days of card issuance. (offer not applicable for cards issued without Joining fee)." That parenthesis is the part the summary blocks leave out — it is on the page's expanded Welcome benefit panel only.

First fuel transaction at an IndianOil outlet after card issuance

Axis's Credit Card Against Fixed Deposit hub, re-read 29 Aug 2026, which carries this card's whole shelf entry: "Up to 1250 EDGE REWARD Points on 1st Fuel transaction · 4% value back on fuel spends at Indian Oil outlets · Joining Fee: Nil · Annual Fee: Nil." The FD hub is the only Axis page that describes this variant; the unsecured IndianOil card's own page dates the same grant to the first 30 days. Priced at the ₹0.20 voucher rung, matching the unsecured twin's value chart.

Activate the card within 37 days of card setup

Face value. HDFC publishes no welcome or renewal reward points on this card at all — the voucher is the whole offer, and the 10,000/5,000-point milestones at ₹5 lakh and ₹8 lakh are the only other points on top of base earn. The product page now carries "Sourcing of this Credit Card has been stopped"; existing holders keep the benefit. Undated.

Minimum spend of ₹3,000 within the first 30 days

Federal's own Signet product page, read from the Internet Archive (federal.bank.in serves a Radware bot wall to every HTTP client). The page's Features & Benefits block says ₹200; a summary block lower down the same page says ₹500. We publish the card's own section, which CardInsider's independent review also carries. Imperio pays ₹400 on ₹5,000 and Celesta ₹600 on ₹10,000 — Signet is the smallest rung of the same 6–8% ladder.

Card activation, with a Flipkart account on the same mobile number as the card

valueInr counts only the 500 SuperCoins at our ₹0.40 house mark; the trial memberships are deliberately not priced. Unchanged on Axis's product page as of 25-Jul-2026.

₹5,000 of spend within 30 days of card issuance

Bandhan publishes no start date for the construct, so the era opens unbounded. The product page states it verbatim — "Get 500 bonus reward points on spending ₹5,000 within 30 days of card issuance" — and the page's own Value Chart prices the activation benefit at ₹125, which is 500 Delight Points at our ₹0.25 house value to the rupee.

₹5,000 or more of spend within 60 days of card issuance; UPI transactions do not qualify for joining rewards

BOBCARD publishes no start date, so the era opens unbounded. Product page verbatim: "Welcome Benefit — 500 bonus reward points on spends of ₹5,000 or more within 60 days of card issuance." 500 points at the ₹0.25 BOBCARD prints on the same page ("1 Reward Point = ₹0.25") is ₹125. A separate, undated "Limited Period Lifetime Free Card Offer" and a ₹10,000-in-60-days joining-fee waiver sit alongside it — neither is a welcome bonus, so neither is priced into this row.

Spend ₹5,000 within the first 60 days of card issuance

500 RP at the ₹0.25 BOBCARD redemption rate = ₹125. Redemption is capped at 1,000 RP per statement cycle, so even the welcome takes a cycle to fully claw back.

Spend of ₹5,000 or more within 60 days of card issuance; UPI transactions do not qualify for joining rewards

Undated by BOBCARD, so the era opens unbounded. Product page verbatim: "Joining Bonus — 500 joining bonus reward points on spend of ₹5,000 or more within 60 days of card issuance." Priced at the ₹0.25 a point BOBCARD states in the same page's reward footnote. Points are credited within 60 days of the eligible transaction.

One transaction within 30 days of card issuance

AU has never dated the construct, so the era opens unbounded. AU's own product page returns 403 to every automated fetch, so the offer is carried on the community source the card file already cites, which states 500 Reward Points as the joining benefit on a transaction inside the first 30 days. 500 AU Reward Points at our ₹0.25 house value is ₹125; the fees on this card come from AU's own MITC.

On payment of the joining membership fee

HDFC's own MoneyBack+ product page, re-read 29 Aug 2026: "Pay your Joining Membership fee and get 500 Reward Points", beside "Joining/Renewal Membership Fee – ₹500/- + Applicable Taxes". Priced at the card's own ₹0.25 CashPoint, which the 15-May-2026 T&C states as "1 CashPoint = Upto ₹0.25 for MoneyBack+ Credit Card Holders" — the per-card rung, not a house value. The card's `welcome:` line also carries a matching 500-point grant on every RENEWAL fee; today's product page states only the joining grant, so the era below prices the joining one alone.

₹3,000 of spend within the first 30 days of card issuance

Kotak's own 811 product page, re-read 29 Aug 2026: "Welcome Benefit — Spend Rs.3,000 within the first 30 days of card issuance and receive 500 bonus reward points", beside "Annual fee of Rs. 500 waived on spending Rs. 50,000 in the previous anniversary year". Priced at our ₹0.25 house value.

Paid only on realisation of the ₹500 joining membership fee

Verbatim from the product page: "500 Reward Points on fee realisation. (Applicable only on payment of Joining Membership Fee)". ₹75 is 500 CashPoints at the ₹0.15 Freedom's own T&C sets — "1 CashPoint = ₹0.15 for Freedom Credit Card Holders" — not the ₹1 statement rate the rest of the CashPoints shelf redeems at. Freedom's redemption grid pays ₹0.15 on every avenue, catalogue, SmartBuy, cashback and airmiles alike, so there is no better exit to price it at. Undated.

One retail or online transaction within 90 days of card receipt. PNB publishes this against the RuPay Select BIN band (652859) on its Rewardz programme page, not on the SALARY RuPay Select page itself

PNB's SALARY RuPay Select page lists this as a recurring benefit set rather than a dated welcome offer and never totals it; most legs repeat each quarter or year, so valueInr is deliberately null. Joining and annual fee are both Nil in the Key Fact Statement. PNB has never dated a change.

One retail or online transaction within 90 days of card receipt. PNB publishes this against the RuPay Platinum BIN band (652858) on its Rewardz programme page, not on the BLISS page itself

PNB's BLISS product page lists this stack as a benefit set rather than a dated welcome offer, and never totals it. Most of it recurs every quarter or every year, so a single ₹ figure would misstate what a new cardholder gets on day one — valueInr is deliberately null. The card is ₹Nil joining and ₹510 annual on its own page (the bank-wide Key Fact Statement prints ₹510 in both columns with a first-year promotional waiver). PNB has never dated a change to this stack.

One retail or online transaction within 90 days of card receipt. PNB publishes this against the RuPay Platinum BIN band (652858) on its Rewardz programme page, not on the SALARY RuPay Platinum page itself

PNB's SALARY RuPay Platinum page lists this as a recurring benefit set, not a dated welcome offer, and never totals it. Most legs repeat every quarter or every year, so a single ₹ figure would misstate day one — valueInr is deliberately null. Joining and annual fee are both Nil in the Key Fact Statement. PNB has never dated a change.

One retail or online transaction within 90 days of receiving the card

PNB's Rewardz programme page, verbatim against RUPAY-PLATINUM (BIN 652858): "Earn 300 Reward Points on first retail transaction or online transaction done within 90 days of receiving the Credit Card". ₹75 = 300 points at the ₹0.25 the MITC states, not the ₹0.50 the Rewardz page claims. Joining Nil, annual ₹500 waived if the card is used at least once each quarter. PNB has never dated a change.

One retail or online transaction after issuance — the Patanjali page says only "on 1st usage" and names no window

PNB's Patanjali RuPay Select page states "300+ reward points on 1st usage" without the 90-day window its Rewardz programme page attaches to the same bonus on the other RuPay variants, so the window is not asserted here. ₹75 = 300 points at the ₹0.25 the MITC states ("Presently the Value of 1 reward point is 25 paise"); PNB's Rewardz page separately claims ₹0.50, and the desk prices on the MITC's authority. Joining ₹500, annual ₹750, waived if the card is used once a quarter. PNB has never dated a change.

One retail or online transaction within 90 days of receiving the card

PNB's Rewardz programme page, verbatim: "Earn 300 Reward Points on first retail transaction or online transaction done within 90 days of receiving the Credit Card", listed against RUPAY-SELECT and RUPAY-MILLENNIAL as well as RUPAY-PLATINUM. ₹75 = 300 points at the ₹0.25 the MITC states; the same Rewardz page claims ₹0.50, and the desk prices on the MITC's authority. PNB has never dated a change.

One retail or online transaction within 90 days of receiving the card

PNB's Rewardz programme page lists RUPAY-SELECT (BIN 652859) with the same construct as RuPay Platinum and Millennial: "Earn 300 Reward Points on first retail transaction or online transaction done within 90 days of receiving the Credit Card". ₹75 = 300 points at the ₹0.25 the MITC states. Joining ₹500, annual ₹750, waived if the card is used once a quarter. PNB has never dated a change.

Invite-only; issued against a ₹5 Cr+ Burgundy Private relationship, fee Nil for account holders

CardInsider lists the welcome benefit as an explicit Nil. CardExpert's Dec-2019 launch review mentioned "30,000 Points (not updated on site yet)" — a claim that never surfaced in any official document, so we don't chart it as an era. Era start = launch month.

Nothing to trigger — no joining fee, no first-spend bonus, no voucher

Verified absence, not missing research: coverage from launch through 2026 lists no welcome construct at all — the lounge access and 1.5% forex are the standing offer.

No joining or annual fee; the card is complimentary with a Priority Banking relationship, so there is no fee for a welcome to refund

Verified absence — the product page and its FAQ carry no welcome construct. The standing proposition is the lounge quota (16 domestic + 24 international a year) and 2 reward points per ₹100, not a joining bonus. `bonus` and `condition` were empty strings until 2026-08-23, which rendered two blank cells on /tracker/welcome instead of saying the absence out loud; re-worded to the file's "None — …" convention (au-vetta, au-zenith, axis-burgundy-private, hdfc-paytm-select). The absence itself is unchanged and still sourced to the same page.

Nothing to trigger — ₹0 joining fee; a virtual card activates instantly, and that is the whole hello

Verified absence since the June-2023 launch — Scapia's own launch PR pitched zero forex, lounge access and coins-on-spend, never a sign-up bonus. The Feb-2026 changes hit the lounge gate and earn categories; the welcome stayed what it always was: nothing.

Nothing to trigger on joining; an 8,000-point benefit attaches to paid renewals, and the ₹2,499 joining fee itself waives on ₹40,000 spend in 30 days (official MITC)

Verified absence, not missing research — coverage lists the lounge stack and reward rates as the pitch, with no joining bonus. YES tweaks quietly; confirm the live offer when you apply.

Nothing to trigger on joining

Verified absence, not missing research: the page's full Oracle content bundle was pulled and read 16 Aug 2026 and carries no welcome, activation or joining benefit anywhere — and specifically none of the "Apply Today & get a FREE Amazon voucher" offer tile that YES runs on BYOC and Wellness Plus. YES tweaks quietly; confirm the live offer when you apply.

Nothing to trigger; lifetime-free for Solitaire wealth clients (₹75L relationship), ₹25,000 otherwise

Verified absence — coverage lists no welcome construct. The standing value is 10 Air Miles/₹100 on Kotak Unbox travel and zero forex markup.

Nothing to trigger; the only recurring gift is ₹500 of gift vouchers per calendar quarter at ₹50,000 of non-EMI, non-rental spend

Verified absence 2026-08-16 — the product page and the linked product-feature T&C both carry the quarterly voucher, the 5%/3%/1% CashPoint grid and the lounge quota, and neither names a joining benefit. The ₹750 welcome cashback that circulates for "the Paytm HDFC card" belongs to the base variant, which appears on this page only as a cross-sell block.

Nothing to trigger — the product page carries no welcome benefit and no milestone grid at all

Verified absence 2026-08-16 against both the product page and the Revised Cardholder Agreement (31 Jul 2026), whose fee table gives this card NIL joining and ₹1,000 annual with no waiver condition — a fee with nothing attached to soften it.

₹10,000 of spend in the first 90 days waives the ₹250 joining fee; no points bonus is published

Verified absence 2026-08-16 — the 22-Dec-2025 product T&C names no welcome benefit anywhere, and the MITC v4.5 PIXEL Key Fact Statement states the waiver twice: "PIXEL Go - Fee: Rs. 250 + GST · Spend Rs. 10,000 in first 90 days and get the joining fee waived". Priced at ₹0 — a waived fee is already netted out of the first-year cost.

Nothing to trigger a bonus; first-year ₹2,999 fee waived at ₹40k spend within 90 days

Verified absence, not missing research — AU's Vetta launch and every aggregator list a fee-waiver hook, never a welcome bonus. The renewal fee waives again at ₹1.5L of annual spend.

Nothing to trigger; the ₹350 fee reverses at ₹50,000 annual spend

The card's value is the EaseMyTrip discount stack (up to 20% off hotels, 10% off flights, capped) and two domestic lounge visits, not a joining bonus. Application-window coupons come and go — verify at signup.

Nothing to trigger on joining

Verified absence, not missing research: the page's full Oracle content bundle was pulled and read 16 Aug 2026 with no welcome, activation or joining benefit in it, and none of the online-application offer tile that carries the ₹500 Amazon voucher on BYOC and Wellness Plus.

Nothing to trigger on joining

Verified absence across BOTH parties, which is the unusual bit here: the bank's full Oracle content bundle was pulled and read 16 Aug 2026 with no welcome benefit in it, and the co-brand partner's own rewards policy — the document that owns the earn side — describes only the ongoing coin accrual, the lounge quota and the fuel waiver. A running "80th Independence Day Campaign" sits in Zagg's footer as a separate, time-boxed promotion, not a welcome benefit attached to the card.

Nothing to trigger on joining; the card carries no joining or annual fee to offset

Verified absence, not missing research: the product page's full Features & Benefits list was re-read 16 Aug 2026 — cashback, credit card on UPI, lounge access, fuel surcharge waiver, "Lifetime Free Card" and Wednesday Delight — with no welcome or activation benefit in it. Axis prints an activation benefit on NEO and none here.

Nothing to trigger on joining

Verified absence, not missing research: the product page's full Features & Benefits list was re-read 16 Aug 2026 and runs cashback, lounge access, fuel surcharge waiver and EMI conversion with no welcome or activation line anywhere — unlike the sibling NEO page, which prints one. The Key Fact Sheet carries no welcome either.

Nothing to trigger — ₹0 joining fee; the 0% forex and lounge access are the standing offer

Verified absence — the BOBCARD Scapia mirrors the Federal card, which has never carried a welcome bonus. The value is the 0% forex and the ₹20k-gated unlimited lounge, not a sign-up gift.

Nothing to trigger — no joining fee, no first-spend bonus, no voucher

Verified absence — OneCard's pitch is the 1% forex, the Visa Signature metal card and instant app cashback, never a sign-up gift. Issued via partner banks, so any occasional issuer-run offer is the exception, not the construct.

Nothing to trigger; the card's giveaway is the unconditional 800 Reward Points a month, not a sign-up bonus

Verified absence, not missing research — the product page lists the monthly points, the quarterly lounge quota and the golf, and no welcome benefit anywhere. The Revised Cardholder Agreement (31 Jul 2026) adds none. The card is in any case discontinued for new sourcing. Verified 2026-08-16.

Nothing to trigger on joining

Verified absence, not missing research: the page's full Oracle content bundle was pulled and read 16 Aug 2026 and names no welcome, activation or joining benefit — the only "INR 500" on it is the fuel surcharge waiver cap per statement cycle.

Nothing to trigger; free for Privy League / Black relationships, ₹2,500 otherwise

Verified absence — coverage lists no welcome construct. The card is now closed to new applicants (existing holders only); the standing value is the lounge access and Priority Pass, not a sign-up gift.

₹30,000 of retail spend within 90 days of card issuance; the reversal is credited 90–120 days later

Verified absence — neither the product page ("Get Joining fees of Rs. 1,000 waived on spending Rs.30,000* in the first 90 days after card issuance") nor the Revised Cardholder Agreement names a points welcome. Priced at ₹0 on purpose: a waived fee is already netted out of the first-year cost, so counting it again as a bonus would pay the reader twice. Verified 2026-08-16.

₹1.5L spend within the first 90 days, or joining-fee realisation

The current official construct (T&C revision of 26 Jun 2025). Memberships resist an honest ₹ number — most holders activate two or three.

₹1.5 lakh spend within the first 90 days; cards set up from 15 Sep 2026

HDFC's product page, read 25 Sep 2026, states All Accor+ Explorer with Elite All Accor Gold on ₹1.5 lakh in the first 90 days for cards set up from that date. Retail Explorer is ₹19,499 a year, but a status membership is not a voucher face, so this era stays unpriced — the same treatment Club Marriott got on the era it replaced.

₹1,00,000 spend within 90 days of issuance. No voucher on the live welcome-benefits section — the fee is no longer refunded to you in kind.

Start date unannounced — HDFC swapped the construct silently, so this era gets no boundary. Three things moved at once. Club Vistara Silver died with the airline and became Swiggy One, MMT Black Elite became MMT Black Gold, and the ₹2,500 voucher line vanished from the welcome-benefits section entirely. Verified on the live page 2026-08-02, where the welcome-benefits section, the hero bullet and the savings break-up all read only "On spends of 1 lakh in first 90 days, Complimentary Swiggy One membership / Complimentary MMT Black Gold membership". The voucher survives ONLY in the page's stale FAQ block ("against these fees paid, you receive a welcome benefit of ₹2,500 in terms of a gift voucher") — one boilerplate answer against three live sections, so we don't carry it. The fee is now a fee.

₹75,000 spend within 90 days of card issuance, on joining-fee payment (₹1,000)

The current construct. Memberships resist an honest ₹ number and ride on top; the bundle's composition has been reshuffled undated over the card's life, so one honest era.

Memberships unlocked on card activation but must be claimed within 90 days of issuance on xchange.equitas.bank.in or they expire; joining-fee reversal on ₹1.2L spend within 90 days of activation

Membership values resist an honest number; the concrete welcome is the ₹5,000 fee reversal on ₹1.2L spend. Note the memberships are not a one-off — the MITC renews them annually against ₹4.8L of spend from year 2, so they belong to the card's recurring value, not only its welcome.

Card activation; the memberships appear on the Equitas Xchange portal from T+1 after activation and must be claimed within 90 days of the card issuance date or they expire

Equitas publishes no start date, so the era opens unbounded. The product page states the choice verbatim — "Choose 2 complimentary memberships from top platforms like Amazon Prime, Jio Hotstar, Sony Liv, Zee5, or Discovery+" — and the claim rule too, "all memberships must be claimed within 90 days from the card issuance date, failing which they will expire". valueInr is null on purpose. Equitas prices none of the five, the list prices differ per platform and per plan tier, and a membership you would not have bought is not ₹1,499 of value. If you make no selection Equitas defaults you to Amazon Prime and Jio Hotstar.

Cards issued on or after 1 August 2026; the membership code is emailed to the registered address within 30 days of card issuance

Dated by BOBCARD's own footnote, verbatim: "The FITPASS membership code will be sent to the customer's registered email ID within 30 days of card issuance. This benefit is applicable only for cards issued on or after 1st August 2026." That start date is what makes this row postable at all — the card's other opening benefit, the joining-fee waiver on ₹25,000 of spend in the first 60 days, has run since launch with no date BOBCARD publishes, so it stays on the card page rather than becoming an invented era here. BOBCARD attaches no ₹ figure to FITPASS PRO on the Tiara page (the ₹15,000 "welcome perk" figure belongs to Eterna's page, not this one), so valueInr is null and /tracker/welcome renders the era without a number rather than borrowing a sibling card's.

First successful transaction within 45 days of card issuance; the voucher redemption link and activation code arrive by email once that transaction validates

Verified 16 Aug 2026 through the page's Oracle content items, verbatim from the Glossary: "The Welcome Benefit is applicable only to newly issued cardholders who complete their first successful transaction within 45 days from the date of card issuance. The welcome voucher redemption link, along with the unique activation [code], will be sent to the your registered email address after the 1st eligible transaction has been successfully completed and validated." The marketing copy promises "curated welcome bundles" and nothing more specific. Honest absence: the condition is sourced, the value is not published anywhere on the site, so valueInr stays null rather than guessing.

On card activation / joining-fee payment (₹12,500)

The standing welcome since launch — Club Marriott (dining and stay discounts) rather than a points or voucher bonus. Membership value resists an honest number; the White Pass spend milestones carry the earning.

₹5,000 one-time joining fee, no annual renewal fee (frequently issued lifetime-free)

Legend has never carried a welcome bonus; its value was the now-discontinued complimentary lounge access. A 3,000-point spend milestone at ₹5L is the only first-year sweetener, and it's an earn milestone, not a welcome.

On joining; both vouchers valid six months from issuance

Community-sourced — the card is invite-only and IndusInd publishes no benefit guide for it. The Oberoi voucher's denomination is unpublished, so the era carries no rupee value rather than a guess.

On joining-fee payment (₹1,00,000 + GST)

Voucher value not published — resists an honest number. The recurring value is the unlimited lounges and monthly golf, not the sign-up gift.

Available only on select fee plans, which IndusInd does not publish

IndusInd's own Nexxt product page, re-read 29 Aug 2026, which carries the three gift options — Montblanc, The Postcard Hotel and Vouchagram — and footnotes the whole block as applicable "only on select fee plan" without naming one. Deliberately unpriced — a gift whose eligibility the issuer will not state cannot be valued, and quoting Montblanc's retail range would put a number on a benefit the reader may not be entitled to at all.

A one-time first-year benefit; IndusInd states it will not be extended or renewed

IndusInd's own ePay American Express product page, re-read 29 Aug 2026, which lists "3 Months Zomato Gold Membership" among the card's headline benefits. Left unpriced — Zomato re-prices Gold at will and neither Zomato nor IndusInd publishes a rupee figure for a three-month grant, so any number here would be ours.

On card activation — activate within 37 days of issuance and claim it in the Swiggy app

HDFC's own Swiggy Ornge product page, re-read 29 Aug 2026, whose hero block leads with it: "Free 12-month Swiggy One membership upon activation*". Unpriced for the same reason as the Swiggy and BLCK rows — Swiggy publishes no fixed rupee price for the membership, and inventing one would put the largest number on this card's page into our own handwriting.

On card activation — activate within 37 days of issuance and claim it in the Swiggy app; an existing Swiggy One membership is cancelled and refunded to make room for it

HDFC's own Swiggy BLCK product page, re-read 29 Aug 2026 — the hero block "Free 3-month Swiggy BLCK membership*" and the Welcome Benefits panel "Complimentary Swiggy BLCK membership for 3 months as a welcome benefit.*" Unpriced: Swiggy publishes no rupee price for a three-month BLCK membership, and the swap out of an existing Swiggy One makes any net figure a guess on top of a guess.

On card activation; claimed inside the Swiggy app 2–3 days later

HDFC's own product page, re-read 29 Aug 2026: "On activation of the card, get a Swiggy one membership as welcome benefit for 3 months." Left unpriced on purpose — neither HDFC nor Swiggy publishes a rupee figure for a three-month Swiggy One, and Swiggy re-prices the membership at will, so any number here would be ours rather than theirs.

On card activation; renewed free on ₹1 lakh of annual retail spend, 12-month term

The T&C booklet's Membership Plan section grants a complimentary Super Saver (Paytm First) membership on card activation, renewed free on ₹1 lakh of annual retail spend, on a 12-month term. SBI publishes no rupee value for it and neither do we — valueInr is null by design, not by omission. Unlike the SELECT tier there is no points component. The card launched 4 November 2020 on SBI's record; no change has been published.

₹75,000 of spend within the first 90 days of card issuance

HDFC states it verbatim on the product page: "Avail Annual memberships of Swiggy One & Times Prime plus a Gift Card by Harley-Davidson worth ₹750 on spending ₹ 75,000 within the first 90 days of card issuance." We price the era at null rather than adding the two subscriptions' list prices — neither is a membership we carry an honest value for, and the launch date is not published, so the era opens unbounded.

First transaction within 30 days of card issuance; new primary cardholders with updated KYC; cannot be combined with other welcome offers

Points only. By 1 Apr 2026 (undated by HSBC) the official Premier page showed only the 20,000-point intro offer — no Taj Epicure mention survives and EazyDiner appears solely as a 30%-off partner (CardInsider agrees, verified 2026-07-22). Split out 2026-08-23 from a single row that had claimed the memberships ran to 31 Dec 2026 while the row above it said they ended 1 Apr 2026 — the two eras genuinely overlapped in the file. Same points T&C, whose window closes 31 Dec 2026; re-verify then rather than letting §10 lapse it.

Cards onboarded 1–30 Sep 2026; both tranches gated on the first 60 days; bonus miles credited after 60 days from issuance and the following statement cycle

A NEW offer T&C — uploaded 1 Sep 2026 and now the PDF the product page links — opens "Offer valid for customers onboarded from 1st Sep'26 to 30th Sep'26" and repeats the Premium construct word for word: "Bonus 10,000 miles on spends of Rs. 25,000 or more in first 60 days … Extra Bonus 5,000 miles on spends of Rs. 50,000 or more". BOBCARD's standing Program Benefits table now prints the same figure — "Welcome Miles (First 60 days from card issuance) | Base 7,500* | Premium 15,000*" — so the promo and the baseline have converged and the word "double" no longer describes an uplift. The superseded v1.1 (1 Jul – 31 Aug) is still served at its own URL and still says 31 Aug, so check WHICH PDF the product page links before dating this row again. Verified 2026-09-03.

Every new OR renewed card — the only renewal sweetener on the card

Stacked on the activation pack, not a replacement for it, and explicitly time-boxed: "Offer valid until 30 September 2026". It also lands on RENEWAL, which makes it the one thing that softens the second ₹1,10,000 — and it dies six weeks from now unless HSBC extends it. Start date never published.

Download the HSBC India mobile app and transact ₹25,000 within 30 days of card issuance

Offer T&C cl. 2 dates the window precisely — cards applied for between 26 July 2026 and 31 December 2026. Credited within 60 days of the 30-day period closing; finance charges, cash advances, late fees, balance transfers and annual fees do not count toward the ₹25,000, and it cannot be combined with any other welcome offer.

Apply online, complete Video KYC and have the card issued; the voucher goes to the email on the application, within 45 days of the offer ending

Same story as the RuPay Platinum, one document over: the ₹500 was not extended and not replaced. Its T&C — still linked from the product page, last modified 13 Aug 2026 with the date untouched — reads "who apply for a RuPay Cashback Credit Card between 15th July 2025 till 31 August 2026 ('Offer Period')" and clause 5 restates "Offer ends 31 August 2026". No successor document exists, on the card page or on HSBC's credit-card offers index. The bullet is still up, and so are three other expired ones — the ₹1,000 Account Aggregator offer ("between 14 August 2026 till 31 August 2026"), the ₹250 UPI cashback ("15 May 2026 to 31 August 2026") and the two EazyDiner months ("15 July 2025 to 31 August 2026"). This card also loses its 0% forex on the same date ("0% FX mark-up on your transactions until 31 August 2026" is still on the page), which is a card-fact change, not a welcome one. What remains inside its window is the Amazon voucher, "during the offer period 1 January 2026 to 31 October 2026". Verified 2026-09-02.

Download the HSBC India Mobile app, activate the card, and spend at least ₹5,000 within the first 30 days of issuance; primary cardholders only

Dated by HSBC's own offer T&C, which names both ends: "It applies to individuals who apply for a Platinum Credit Card between 15 September 2025 and 31 December 2026 ('Offer Period'), with the card being issued thereafter." ₹2,000 at our ₹1.00 house value for HSBC Reward Points, which is the value the in-app 1:1 airline transfers support. Add-on cardholders are excluded, and the points arrive within 60 days of the 30-day window closing. The three other opening perks on this card — a 3-month Swiggy One membership, a voucher of up to ₹500 for Amazon Pay, Zomato or Swiggy, and a ₹250 Amazon eGift Card for a video-verified online application — run under separate T&Cs with their own dates and stay on the card page rather than becoming eras here.

Apply online, complete Video KYC and have the card issued; the voucher goes to the email on the application, within 45 days of the offer ending

The ₹500 was not extended and not replaced — it simply ran out. Its own T&C, the PDF the product page still links and last modified 13 Aug 2026 without the date moving, reads "who apply for a RuPay Platinum Credit Card between 15th July 2025 till 31 August 2026 ('Offer Period')" with clause 5 restating "Offer ends 31 August 2026"; HSBC has published no successor, and its credit-card offers index links only the two RuPay product pages. The page bullet is stale marketing, not evidence, and it is not the only one — beside it the ₹1,000 Account Aggregator offer ran "between 14 August 2026 till 31 August 2026", the RuPay UPI ₹250 T&C says "15 May 2026 to 31 August 2026", and the EazyDiner T&C says "Offer Period – 15 July 2025 to 31 August 2026". Four lapsed claims, all still on the page. The one benefit still inside its own window is the Amazon voucher, "valid only on online applications and upon successful completion of the Video KYC (VKYC) and issuance of the credit card, during the offer period 1 January 2026 to 31 October 2026" — so this era carries an end date, and §10 will ask again on 1 Nov 2026. Verified 2026-09-02.