Equitas Bank Tiga Credit Card
A modern UPI-focused credit card with automatic 3-month EMI feature.
Overview
The Equitas Tiga Credit Card is a digital-first entry-level credit card positioned as an alternative amid recent reward devaluations in the Indian credit card market. It focuses heavily on UPI transactions and EMI-based lifestyle spending. Its standout “Pay by 3” feature automatically converts eligible partner merchant purchases into a 3-month low-cost EMI, making it unique in its segment. The card is suitable for UPI-heavy users and retail shoppers who prefer built-in EMI flexibility.
Features & Benefits
Joining & Renewal Benefits
First Year Free offer (limited period).
Annual fee waived if annual spending exceeds ₹1,20,000 in the previous anniversary year.
Cashback & Rewards
- • 3 Reward Points per ₹100 on UPI transactions
- • 3 Reward Points per ₹100 on contactless (tap-to-pay) transactions
- • 3 Reward Points per ₹100 at Pay by 3 partner merchants
- • 1 Reward Point per ₹100 on other retail spends
Reward Points can be redeemed via the Equitas Xchange Portal for flight bookings, hotel stays, e-gift vouchers and merchandise. Each reward point carries an approximate value of ₹0.15 as per current program structure.
Lifestyle Benefits
- • Automatic 3-month EMI conversion via Pay by 3 feature
- • 3X rewards on UPI and contactless spends
- • Introductory APR of 0.99% per month for first 3 months
- • Up to 50 days interest-free credit period
- • Air accident insurance coverage
- • Credit Shield and lost card liability cover
1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 with a maximum waiver of ₹100 per statement cycle.
Approximately 3.5% forex markup on international transactions.
Fees & Charges
- • Strong focus on UPI rewards
- • Unique automatic 3-month EMI feature
- • Introductory low APR
- • First Year Free offer
- • Good insurance coverage
- • Reward value relatively low (₹0.15 per point)
- • No airport lounge access
- • Forex markup high
- • EMI limited to partner merchants
- • Indian resident
- • Entry-to-mid income earners
- • Approximate annual income ₹4.2–₹5 lakhs
- • Meets Equitas credit eligibility norms