Equitas launches Power Miles Credit Card

[sankar7000]

Equitas launches Power miles credit card

• Experience luxury with a metal card
• Experience premium memberships with Club Marriot & EazyDiner
• Experience International Benefits
• 2% Forex Markup
• 3X Rewards on International spends
• Complimentary lounge access at Domestic & International Airports
• 1: 1 Xchange
• Miles Transfer across 10+ airline & hotel partners
• Rewards Redemption across luxury brands- Apple, Taj, Tanishq, M&S, The Body Shop)

• Fee – Rs. 5,000
• Eligibility – Income of 18 L+

 

[akiratoriyama]

well we seem to be the first movers (without advantage for now). Would you know if they issue powermiles in Mastercard variant ? my RM says equitas has no Mc only Visa and Rupay for all their DC/CC

Nope, the PM card is only visa for now. Did you get a rupay option too? The debit cards are issued in mastercard though, mine is mastercard world elite variant.

 

[BhaiyaJi]

im still trying to figure how we get to diamond tier or any tier for that

You need to spend 1L per month in previous quarter to get diaond tier.

 

[Rithin]

Yeah, just hope their app is fully functional soon. Most of the things in the app are coming soon since an eternity lol. Btw did you do a payment on 8299 mcc and got rewards?

no i havent yet

 

[Rithin]

somewhere in the brochure it also says for Diamond tier forex charges will be 0. im still trying to figure how we get to diamond tier or any tier for that matter.

u have to spend 1 Lac in the previous quarter to reach diamond

 

[Rithin]

Nope, the PM card is only visa for now. Did you get a rupay option too? The debit cards are issued in mastercard though, mine is mastercard world elite variant.

world elite or world?

 

[BhaiyaJi]

u have to spend 1 Lac in the previous quarter to reach diamond

1 Lakh each month in previous quarter

 

[akiratoriyama]

world elite or world?

Ah, it's world. Got them both mixed up.

 

[Smashgrab]

It's very confusing. I was going to do an international transaction but the credit card guy told me 8299 (Education MCC) is not applicable for rewards for now anyways, so didn't risk. I am going to make an international transaction and see next month what it shows in the statement.

I checked with Equitas, and was clearly told education is a valid MCC for consumer cards, but not for business cards...

 

[akiratoriyama]

I checked with Equitas, and was clearly told education is a valid MCC for consumer cards, but not for business cards...

Wow. Lost out on 20k worth of reward points due to them sharing wrong information

 

[akash2401akash2401 is verified member.]

What is the time frame for card approval?
I applied on 5th july via branch. C2C with amex MRCC.

 

[akiratoriyama]

What is the time frame for card approval?
I applied on 5th july via branch. C2C with amex MRCC.

Took me 10 days despite having it pre-approved. I had to do offline application due to some error on their site.

 

[akiratoriyama]

Had a heated fight with my RM who initially promised FYF Powermiles and now is backing out (claiming credit card team lied to him). Still in 2 minds about reporting him to nodal but might not since my spends based waiver of 1.2L will be easily hit anyways.

 

[roshan mothukuri]

I can share my RMs number if you want. The apply now on the site is broken.

can u pls share me RM number , thanks in advance

 

[sriniak1303]

so for first 3months, we cannot be diamond?
forex txn done in first 3months would be charged 2% right

 

[akiratoriyama]

so for first 3months, we cannot be diamond?
forex txn done in first 3months would be charged 2% right

Yes. Tier will start only past first 3 months.

 

[chasni]

Yes. Tier will start only past first 3 months.

Is it calendar month or billing month?

 

[akiratoriyama]

Is it calendar month or billing month?

Calendar month as per my understanding. But I'm waiting for three months to be over to confirm this.

 

[akash2401akash2401 is verified member.]

Just an update guys I received the card yesterday. But there is hardly any info for this card except our group here. Any spend based joining fee waiver option? Other offers?
Or am I missing something?

Thanks @akiratoriyama for recommending the cc guy.🙏🙏🙏

 

[akiratoriyama]

Just an update guys I received the card yesterday. But there is hardly any info for this card except our group here. Any spend based joining fee waiver option? Other offers?
Or am I missing something?

Thanks @akiratoriyama for recommending the cc guy.🙏🙏🙏

Spend 1.2L within 90 days for joining fees waiver. Post first statement being generated and joining fees being charged you'll get the clubmarriot and eazydiner codes in sms.

First few transactions they'll call to verify after that should be fine. You can manage the card from equitas app in card section too don't need to use selfe app.

 

[Mongo]

Spend 1.2L within 90 days for joining fees waiver. Post first statement being generated and joining fees being charged you'll get the clubmarriot and eazydiner codes in sms.

First few transactions they'll call to verify after that should be fine. You can manage the card from equitas app in card section too don't need to use selfe app.

FYF for Elite Banking customers right?