Equitas PowerMiles Secured Credit Card
Equitas Small Finance Bank · Open to apply
The PowerMiles card issued against an Equitas fixed deposit (limit 80% of the lien-marked amount, no cash withdrawal), with 3 points per ₹100, a 2% forex markup and the luxury memberships. Joining and annual fee ₹5,000 each in the MITC.
- Annual fee
- ₹5,000 + GST a year
- Joining fee
- ₹5,000 + GST
- Base rate
- 3 reward points per ₹100: 3 Equitas Reward Points per ₹100 (about 0.75% at cash value)
- Lounges
- None on record
- Forex markup
- 2%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 3X (9 points per ₹100) on international transactions: 9 Equitas Reward Points per ₹100 (about 2.25% at cash value)
Earns nothing on
- No reward points on fuel
- No reward points on rent
- No reward points on wallet loads
- No reward points on government payments
- No reward points on cash advances
- No reward points on EMI conversions
Terms the calculator does not value
- The secured card is not sold through a product page of its own: the fees, features and the FD lien terms come from the MITC and KFS, which list "PowerMiles Secured" beside its unsecured version. The application form (Jan 2026) carries the FD lien declaration. Lounge access and the lost card liability cover, shown on the PowerMiles product page, are not stated for the secured version and are not entered.
- The joining and annual fee waivers on spend (and the First Year Free option) are stated for the unsecured card; Equitas does not say they apply to the secured version, so none is entered.
- The fixed deposit keeps earning its deposit interest while it secures the card; that interest is not part of the card's value.
- The international 3X ("PowerMiles/PowerMiles Secured", best effort) is entered as 9 points per ₹100, triple the 3-point base, which Equitas does not print. Luxury memberships (Club Marriott and EazyDiner) and the 1:1 miles and brand redemptions are described for PowerMiles; the MITC treats the secured card together with it, but they are not entered for the secured card. The points-to-miles transfer is shown as "to go live from Mar'27".
Sources
- Equitas PowerMiles Credit Card (product page of the unsecured card) (Product page, the bank's own, read 6 Nov 2026)
- Equitas Most Important Terms & Conditions for Credit Cards, version 1.4 (fees, features and fixed deposit based card terms) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Equitas Key Fact Statement for credit cards (30 Aug 2024) (Schedule of charges, the bank's own, read 6 Nov 2026)
- Equitas credit card product and pricing form with FD lien declaration (Elite Artha, Jan 2026) (Product page, the bank's own, read 6 Nov 2026)
- Equitas Privilege Program (Club Xplorer) (Product page, the bank's own, read 6 Nov 2026)