Utkarsh Eternal Credit Card
Utkarsh Small Finance Bank · Invite only
A pre-approved Mastercard credit card from Utkarsh Small Finance Bank for its own customers: 1.25% cashback on eligible spends, no fee in the first year, then ₹1,999 a year waived on ₹1.5 lakh of annual spend.
- Annual fee
- ₹1,999 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹1,50,000 spend per card year
- Base rate
- 1.25% cashback on all eligible transactions: 1.25% cashback (about 1.25% at cash value)
- Lounges
- None on record
- Forex markup
- 3%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No cashback on wallet recharges, financial institutions, government, insurance, education, fuel, utilities, quasi-cash and mutual funds
Terms the calculator does not value
- The MITC's 2.5% a month finance charge for an FD-backed version of the card; no FD-backed Eternal is described on the card page beyond an age limit of 18 to 65.
- Charities (MCC 8398), railway and transport are named as ineligible for cashback but no MCCs are given, and they do not map cleanly to a spend category, so only the categories above are entered.
- The rent surcharge is capped at 40% of the credit limit in a billing cycle (a limit on rent paid, not a fee cap).
Sources
- Utkarsh Eternal Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- Utkarsh Eternal Credit Card Key Fact Statement (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Utkarsh Small Finance Bank Credit Card MITC v2.1, Annexure 1 schedule of charges (SmartGen, Eternal, Rhodium) (Most important terms (MITC), the bank's own, read 6 Nov 2026)