This card comes with 3 variants Spark 5, Spark 10, and Spark 20. In higher variants, this card provides you with increasing benefits and increasing fees.
Card Type: Reward
Rewards:
- Earn 2 Cash Points for every ₹200 spent across all variants (except excluded categories).
- Monthly Milestone benefit: Earn accelerated Cash Points on reaching monthly spending thresholds (varies by variant).
- Quarterly Milestone benefit (Spark10 & Spark20 only).
- Welcome Bonus: Earn bonus points for your first transaction within 30 days of card issuance (amount varies by variant).
Benefits:
- Buy One, Get One free movie ticket offer (all variants).
- Fuel surcharge waiver (up to a monthly limit).
- Complimentary airport lounge access (Spark20 only).
- Annual fee waiver on achieving spending targets (varies by variant).
Other Details:
- Cash Points redemption: 1 Cash Point = ₹0.20.
- Joining fees: Starts at ₹499 and increases with higher tiers.
- Excluded categories for Cash Points earning (fuel, wallet load, etc.).
Eligibility :
- Age: 21 years
- PAN card
- Required Credit Score 750
- 30,000 Per Month Salaried person
- Minimum ITR 6,00,000 per Anum If You are self-employed:
Here’s a table for a quick comparison of variants:
| Feature | Spark5 | Spark10 | Spark20 |
|---|---|---|---|
| Joining Fee | ₹499 | ₹999 | ₹1,499 |
| Monthly Milestone Threshold | Not specified | ₹15,000 | Not specified |
| Monthly Milestone Bonus | Not specified | 10X online spending, 5X offline spending | 20X online spending, 10X offline spending |
| Quarterly Milestone Bonus | Not applicable | 3,500 Cash Points | Not applicable |
| Welcome Bonus | 5,000 Cash Points | 5,000 Cash Points | 7,500 Cash Points |
| Complimentary Airport Lounge Access | No | No | 2 per quarter |
| Annual Fee Waiver | Spend ₹1 lakh in a year | Spend ₹1.5 lakh in a year | Spend ₹2.5 lakh in a year |
Pros & Cons
Pros:
- Simple fee structure: Annual fee waiver achievable through spending targets.
- Rewards program: Earn Cash Points on all spending categories (except exclusions)—bonus points for milestone achievements and welcome bonus.
- Movie buff benefits: Buy One, Get One free movie ticket offer.
- Fuel savings: A fuel surcharge waiver helps offset petrol costs (up to a monthly limit).
- Lounge access (Spark20 only): Free airport lounge visits for frequent travelers.
- Multiple variants: Choose the card variant that best suits your spending habits.
Cons:
- Low base rewards rate: 2 Cash Points per ₹200 translates to a 0.4% cashback rate, which might be less attractive than other cards.
- No travel benefits (except Spark20): No travel insurance or airport rewards programs (except lounge access on Spark20).
- Milestone spending targets: You need to spend a certain amount monthly/quarterly to unlock bonus rewards.
- Limited international appeal: No international lounge access or travel benefits on Spark5 and Spark10.
- Fuel surcharge waiver limit: The monthly cap on fuel surcharge waiver might not be enough for high fuel spenders.
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Disclaimer
If there is any change in the card, whether it is in fees, rewards, or anything else, CredBanking will not be responsible for it because we have collected the information from the internet and website.