Skip to content

Utkarsh Small Finance Bank Eternal Credit Card

The Utkarsh Eternal Credit Card is a financial product from Utkarsh Small Finance Bank offered in two network variants: Mastercard and RuPay. It comes with no joining fee, making it free for the first year. The card carries a renewal fee of ₹1,999 + applicable taxes, which can also be waived if cardholders spend more than ₹1.5 lakhs in the previous year. Users can enjoy a flat cashback of 1.25% on their spending, which can be credited toward their next billing statement. The card is being offered to the bank’s existing customers only, and no additional supporting documents are required. The process of getting the card is as simple as contacting the bank or receiving a pre-approved link in your email.

Utkarsh Small Finance Bank Eternal Credit Card

( 4.4 / 5 )
Utkarsh Eternal Credit Card
  • Joining FeeN/A
  • Annual Fee₹1,999 + GST
  • Best Suited ForShopping
  • Reward TypeCashback

Rewards Rate

1.25% Cashback on Eligible Spends

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

1.25% Cashback on Eligible Spends

Reward Redemption

Cashback will be Adjusted Against the Next Billing Statement

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    Renewal Fee is Waived if ₹1.5 Lakh is Spent in the Previous Year

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    3%

    Interest Rates

    Up to 3% Per Month (36% Annual Percentage Rate)

    Fuel Surcharge Waiver

    1%

    Cash Advance Charges

    5% or ₹500, Whichever is Higher

    • The card is offered as a first-year free credit card.
    • Allows users to earn a flat 1.25% cashback on eligible spends
    • The annual fee is waived if ₹1.5 lakh or more is spent in the previous year

    Pros

    • There is no joining fee; the card is a First-Year Free product.
    • The card is also available against a Fixed Deposit.
    • Renewal fee is waived on spending ₹1.5 lakh in the last year.

    Cons

    • No airport lounge access, domestic or international.
    • No accelerated rewards program.
    • No travel, golf, or any other lifestyle perks are offered.

  • Utkarsh Eternal Credit Card Fee Structure

    The card has no joining fee, which explains the lack of welcome benefits for the users. However, every following year, users will be charged an annual fee of ₹1,999 + taxes. The annual fee can be waived off if the customers are able to spend ₹1.5 lakh or more in the previous year.

    Earning Cashback With Utkarsh Eternal Credit Card

    With the Utkarsh Eternal Credit Card, you can earn a flat cashback of 1.25% on all eligible spends. The cashback earned by the users can be used against the next billing cycle. The following is a list of spending categories that do not earn any cashback –

    1. Wallet recharges
    2. Financial Institutions
    3. Government services
    4. Charities
    5. Foreign Currency Purchase
    6. Insurance
    7. Railway
    8. Mutual Funds
    9. Education
    10. Transport
    11. Fuel
    12. Utility Payments (Electricity, Telephone, Internet, Water, etc.)

    The card, however, does not give users any attractive offers for accelerated rewards or any options to choose for their cashback redemption.

    Eligibility Criteria for Utkarsh Eternal Credit Card

    • The card is available to existing customers with an active Savings, Current, Fixed Deposit (FD), or Loan Account.
    • The applicant must be a resident of India.
    • For unsecured credit cards, the cardholder must be between 21 and 65 years old.
    • For an FD-backed credit card, users must be between the ages of 18 and 65 years.

    Bottom Line

    The card falls somewhere in the middle of the entry level and the premium card from the bank, thus it offers a cashback rate higher than the Utkarsh SmartGen Credit Card, but does not offer any lifestyle perks like the Utkarsh Rhodium Credit Card. The card however has a big annual fee of ₹1,999 from the second year onwards, which may not seem like a lot, but when compared to other cards like Swiggy HDFC Bank Credit Card, which comes at a low annual fee of ₹500, and offers an attractive reward system and other movie & dining discounts.

    FAQs:

    The interest rate for an unsecured Utkarsh Eternal Credit Card is up to 3% per month (36% annually), and for credit cards backed by FD, it is 2.5% per month (30% annually).

    Cardholders earn a flat 1.25% cash back on all eligible transactions.

    The Utkarsh Eternal Credit Card is available in Mastercard and RuPay network variants.

    The late payment fee with the card is ₹500.

    1 comment

    Leave your comment