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Equitas Bank Tiga Credit Card

  • Updated On: 14 November, 2025Published by: Rose Chugh

The Equitas Tiga Credit Card is an entry-level offering from Equitas Small Finance Bank, designed to provide affordable and rewarding benefits at a reasonable annual fee of ₹590 (including taxes). The name “Tiga” itself means three, reflecting the card’s key features: 3X reward acceleration, the Pay-by-3 feature, and a low interest rate for the first 3 months.

Cardholders earn 1 Reward Point for every ₹100 spent, with an accelerated reward rate on UPI transactions, contactless payments, and Pay-by-3 merchants. The Pay-by-3 feature allows transactions made with select merchants to be automatically converted into a three-month EMI plan. Additionally, the card offers a special introductory interest rate of just 0.99% per month for the first three months, making it a cost-effective option for new users.

Equitas Bank Tiga Credit Card

( 4.4 / 5 )
Tiga Credit Card
  • Joining Fee₹500 + GST
  • Annual Fee₹500 + GST
  • Best Suited ForShopping
  • Reward TypeReward Points

Rewards Rate

1RP/₹100 Spent, 3X RPs on UPI, Contactless Payments, and Pay-by-3 Merchants

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

1RP/₹100 Spent, 3X RPs on UPI, Contactless Payments, and Pay-by-3 Merchants

Reward Redemption

Redeem Points for Various Products, Vouchers, and Cashback

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

  • Spend-Based Waiver

    Spend ₹50,000 In an Anniversary Year

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    3.4%

    Interest Rates

    3.75% Per Month (45% Annually)

    Fuel Surcharge Waiver

    1% Waiver Up to ₹3,000 on Transactions Between ₹500 & ₹3,000

    Cash Advance Charges

    2.5% or ₹250, Whichever is Higher

    • The card comes at a low annual fee of ₹500 + GST, making it an affordable option.
    • It offers an accelerated reward rate of 3X Reward Points on UPI transactions, contactless payments, and Pay-by-3 merchants.
    • An introductory low interest rate of 0.99% per month for the first three months, helping cardholders manage their initial spending more affordably.

    Pros

    • The card automatically converts transactions made with select merchants into three-month EMIs, making it easier for cardholders to manage their expenses.
    • The annual fee of ₹500 plus GST can be waived if the cardholder spends ₹50,000 within an anniversary year, providing a cost-saving benefit.
    • Enjoy a highly competitive introductory interest rate of just 0.99% per month for the first three months.

    Cons

    • The card does not offer any additional lifestyle perks such as dining discounts, travel benefits, or entertainment rewards, making it less appealing.
    • Lacks complimentary lounge access, which is a common feature in many competing credit cards within a similar price range.
    • Reward points earned on transactions have limited redemption value, especially when converted into cashback (1 RP = ₹0.10), reducing the rewards program’s overall benefits.

  • Annual Charges and Spend-Based Fee Waiver

    The Equitas Bank Tiga Credit Card has an annual fee of ₹500 + GST. However, there are no welcome benefits offered with the card. If the cardholder spends ₹50,000 in a year, the annual fee will be waived.

    Earning and Redeeming Rewards With Equitas Bank Tiga Credit Card

    The card’s base reward rate is 1 reward point for every ₹100 spent using it. Cardholders can earn three times the base rate (3X RPs/₹100) when using UPI, Contactless payment, or the ‘Pay-by-3’ feature. Reward points cannot be earned on rent payments, wallet loads, fuel, or government services. Once collected, the points are valid for two years.

    Users can redeem their accumulated reward points for various vouchers, products, and cashback to be credited to their account. When redeeming against vouchers and products, reward points can be valued at ₹0.15 and against cashback at ₹0.10.

    ‘Pay-By-3’ Feature

    The card allows users to automatically convert transactions from specific merchants into installment payments over three months. The monthly interest rate is 1.25%, and there is no processing fee. Certain merchants or manufacturers offer the “Low Cost EMI” option, which is available at their discretion. This option allows cardholders to receive either an instant discount or cashback matching the interest subsidized by merchants or manufacturers.

    Introductory Low Interest Rate

    The card has a regular interest rate of 3.75% per month (45% annually), but there is a special offer for the cardholders, with an interest rate as low as 0.99% per month, valid for the first three months with the card only. This feature allows new users to familiarise themselves with credit card cycles.

    Bottom Line

    The Equitas Tiga is the entry-level offering from the Equitas Small Finance Bank, which comes with an affordable annual fee of ₹590 (including taxes). The card provides users with 1 Reward Point for every ₹100 spent, along with an accelerated reward rate for UPI transactions, contactless payments, and when using the “Pay-by-3” feature. Additionally, the card has a low interest rate of 0.99% for the first three months after issuance.

    Currently, there are many credit cards in the Indian market at this price point that offer a great deal of perks, for instance, the Swiggy HDFC Bank Credit Card and the Airtel Axis Bank Credit Card.

    FAQs:

    The annual fee for the Equitas Tiga Credit Card is ₹500 + GST.

    The card offers 1 Reward Point per ₹100 spent, and 3X Reward Points on UPI, contactless payments, and Pay-by-3 merchants.

    Yes, zero reward points are earned on rent payments, wallet loads, fuel, or government services.

    This feature allows transactions with select merchants to be automatically converted into 3-month EMIs with an interest rate of 1.25% per month and no processing fee.

    No, the card does not offer airport lounge access, movie discounts, or dining benefits.

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