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]

Confirmed from the welcome call that there is a joining fee reversal on spend of 1.8 lacs in 90 days. Has anyone got his reward points transferred to rewards portal?

Is it not showing for you on the xcite rewards portal?

 

[akash2401akash2401 is verified member.]

Is it not showing for you on the xcite rewards portal?

ID created but showing only 100 points(For internet banking activation etc.), Credit card Rewards are not transferred.

 

[akiratoriyama]

ID created but showing only 100 points(For internet banking activation etc.), Credit card Rewards are not transferred.

Email them. Should've gotten credits at first statement generation only. Also you're talking about xcite rewards portal right? Not the equitas equinox rewards portal

 

[CARDBITRAGE]

Are they issuing the card via C2C without any banking relationship? @akiratoriyama @akash2401

 

[akiratoriyama]

Are they issuing the card via C2C without any banking relationship? @akiratoriyama @akash2401

Youll have to open an account regardless. You can do c2c to open and they'll parallelly open account alongside.

 

[CARDBITRAGE]

Youll have to open an account regardless. You can do c2c to open and they'll parallelly open account alongside.

Will they open a regular savings account or push for a premium account variant?

 

[akiratoriyama]

Will they open a regular savings account or push for a premium account variant?

If they push, then just say no. There's no requirement for an elite account to get a powermiles card.

 

[nishank]

Can anyone help with base reward ratio and accelerated on international spending. I have spending coming up in Nov of over 2 lakh pos. Their transfer partner list is still not available

 

[akiratoriyama]

Can anyone help with base reward ratio and accelerated on international spending. I have spending coming up in Nov of over 2 lakh pos. Their transfer partner list is still not available

The partner list was shared in this thread I think. Will share it if i find it.

Base reward rate is 3rp on 100rs spends, 3x rewards on forex spends, online or POS. No cap introduced yet.

Note: Points are valid for 3 years. Reward Points(RP) cannot be earned on rent payments, wallet loads, fuel, and government services.

 

[nishank]

The partner list was shared in this thread I think. Will share it if i find it.

Base reward rate is 3rp on 100rs spends, 3x rewards on forex spends, online or POS. No cap introduced yet.

Note: Points are valid for 3 years. Reward Points(RP) cannot be earned on rent payments, wallet loads, fuel, and government services.

Can you also confirm if we recceive anything against annual fee payment.

Thanks for replying

 

[akiratoriyama]

Can you also confirm if we recceive anything against annual fee payment.

Thanks for replying

Yes, we receive eazydiner 1 year membership and club marriot 1 year membership post the joining fees realization. There's also a 1.8L joining fee waiver within 90 days of getting the card, as confirmed by @akash2401. But I am yet to receive the waiver, if you can wait, wait till 17-18 of next month until my next statement generates.

Only if you can get the joining fee waiver this card makes sense.

 

[akiratoriyama]

I also received further details from my RM

View attachment 97394View attachment 97395

For international lounge access you can signup on priority pass. I was just glancing over my old posts and saw them mention the tie up. Signed up and got an immediate priority pass generated inside the app.

 

[akiratoriyama]

Everyone who has gotten this card sign up on https://visarewards.poshvine.com/offer

I got 3 vouchers from this just now.

 

[yaswanth458]

Will they open a regular savings account or push for a premium account variant?

Just open regular account.
I had an account opened with niyo, they recently converted to 0 balance account post niyo migration.

 

[yaswanth458]

miles transfer will start from October 15

 

[sriniak1303]

when do they credit points? after statement generation or after after txn settlement. i did forex txn in booking.com didnot get any rewards

 

[akiratoriyama]

when do they credit points? after statement generation or after after txn settlement. i did forex txn in booking.com didnot get any rewards

Statement generation date, in your statement it will also show the transaction and reward points given for that transaction.

 

[sriniak1303]

Statement generation date, in your statement it will also show the transaction and reward points given for that transaction.

Thank you for your response. It seems information on this is hard to find online, aside from this discussion. I apologize if I'm asking too many questions, but I appreciate your help.

I have a few questions about the card's features:

1. Welcome Gift Vouchers: Could you provide more details on the welcome gift vouchers? What are the conditions for receiving them?
2. Tiering System: How does the tiering system work? Specifically, what defines a "quarter"? Is it a financial quarter or a rolling three-month period?
3. Tier Eligibility Example: I received my card in August but made my first purchase in September. If I spend ₹1 lakh in October and November, would that be enough to qualify for the Diamond tier?
   
   This will help other readers too 🙂