Equitas Bank PowerMiles Credit Card

Annual Charges and Welcome Benefits

The card comes with an annual fee of ₹5,000, subject to applicable taxes, which can reach ₹5,900 with GST. However, for users who are able to spend ₹4.8 lakh annually with the card, the annual fee will be waived.

Even the joining fee can be waived on the Equitas PowerMiles Credit Card by spending ₹1.2 lakh within the first 90 days of card issuance.

The card also comes with two complementary memberships as a welcome bonus for cardholders, the memberships being–

• Club Marriott Membership – This exclusive hotel loyalty program provides discounts and privileges at Marriott properties. Cardholders get up to 20% off on hotel stays, dining, and beverages at participating Marriott hotels. Additionally, they receive a flat 20% discount on spa services, along with a complimentary spouse membership for extended benefits.
• EazyDiner Membership – With this membership, cardholders can enjoy 25% to 50% savings on dining bills, complimentary beverages, a bonus of 2,000 EazyPoints, and 2X EazyPoints on every meal, which can be redeemed for further discounts.

Travel Perks With Equitas Bank PowerMiles Credit Card

The Equitas PowerMiles Credit Card may not be a dedicated travel card. Still, it has excellent travel perks, for instance, the low markup fee of 2% on all foreign currency transactions, two complimentary accesses per quarter at 40+ domestic lounges, and 1 complimentary access per quarter at 1000+ international lounges. Cardholders are eligible to earn 3 times the points on international POS and online spends. Also, the availability of Club Marriott membership makes it easier to get discounted prices for hotel stays, making it an excellent travel card.

Reward Points Earning and Redemption

The card will accumulate reward points for transaction amounts in multiples of ₹100. Every eligible spend of ₹100 will earn 3 Reward Points. However, no reward points will be awarded for transactions involving rent, wallet reloads, EMIs, fuel, cash advances, government, and education categories. Reward Points earned on grocery and utility transactions will be capped at 2,000 per month, and insurance transactions will be capped at 2,000 per day.

To make international spending more rewarding, the card offers an accelerated reward rate of 3X reward points on all international POS and online purchases.

Redeeming reward points requires a minimum of 500 points. Reward points can be redeemed across a wide range of luxury partners and transferred for flights and hotels at a 1:1 ratio. Cardmembers can also earn cashback through cashback offers and rewards redemption. The cashback amount credited to the card account will be adjusted to the next statement balance. The following table gives the value of each reward point when redeemed against various options.

For up to 10+ airline and hotel partners, customers can convert their reward points at a 1:1 ratio to respective miles/ points. This feature shall be available from 1st July 2026. The top airline and hotel partners with whom one can transfer reward points are as follows.

• British Airways
• United Airlines
• Finnair
• Air Canada
• Etihad
• Thai Airways
• Airasia
• Air India
• Japan Airlines
• IHG Hotels and Resorts
• Wyndham Hotels and Resorts

Equitas Bank Privilege Program

Equitas credit cardholders receive tier-based benefits, which apply across all credit card variants. This means all those who make high spends with the PowerMiles Credit Card can take advantage of several more benefits, such as zero Forex markup charges. Check out the table below for the complete list of benefits and spending criteria.

Bottom Line

Equitas Bank PowerMiles is a premium offering from the bank priced at ₹5,000 + GST for a year. The card comes with various travel-related perks that make it best for travel spending, such as complimentary lounge access, Club Marriott membership, 3X rewards on international spends, and a low forex markup fee. The card also comes with a complimentary EazyDiner membership and offers various ways to redeem reward points.