NiyoX Equitas Credit Card Review

The NiyoX Equitas Credit Card is a modern financial product offered by Niyo, a leading fintech company, in collaboration with Equitas Small Finance Bank. This card is designed to provide a seamless and rewarding experience for digital-savvy users, particularly those who are part of the NiyoX ecosystem. With a focus on everyday spending, easy rewards, and complete app-based management, the NiyoX Equitas Credit Card is an attractive option for young professionals and those who prefer managing their finances through digital platforms.

Overview

Feature	Details
Card Type	Fintech Credit Card
Reward Rate	Up to 2% cashback on select categories
Reward Value	Cashback credited directly to your account
Joining Fee	Nil
Unique Selling Points	Digital-first experience, no annual fees, seamless NiyoX app integration
Rating	★★★★☆ (4.4/5)

NiyoX Equitas Credit Card Fees and Charges

Fee Type	Details
Joining Fee	Nil
Annual Fee	Nil
Finance Charges	3.5% per month (42% per annum)
Foreign Transaction Fee	3.5% + GST
Cash Advance Fee	2.5% of the amount withdrawn (min ₹500)
Late Payment Fee	₹100 to ₹1,000 depending on the outstanding balance

NiyoX Equitas Credit Card Benefits

Digital-First Experience

• App-Based Management: Manage all aspects of your NiyoX Equitas Credit Card through the NiyoX app, including spending tracking, bill payments, and rewards redemption.
• Instant Card Issuance: Get a virtual card instantly upon approval, which can be used for online transactions while you wait for your physical card.

Rewards Program

• Up to 2% Cashback: Earn up to 2% cashback on select categories, including dining, groceries, and online shopping.
• No Cap on Rewards: There is no upper limit on the cashback you can earn, making this card ideal for frequent spenders.

No Hidden Fees

• No Joining or Annual Fees: The NiyoX Equitas Credit Card has no joining or annual fees, ensuring you can enjoy the benefits without any hidden costs.
• Transparent Charges: All fees and charges are clearly communicated within the NiyoX app, promoting transparency and helping you avoid unexpected costs.

Security Features

• Instant Card Lock: If you lose your card or detect suspicious activity, you can instantly lock your card through the app to prevent unauthorized transactions.
• Virtual Card Option: Use a virtual version of your NiyoX Equitas Credit Card for online transactions, adding an extra layer of security.

Rewards

Spending Category	Rewards
Dining	Up to 2% cashback
Groceries	Up to 2% cashback
Online Shopping	Up to 2% cashback
Other Purchases	Up to 1% cashback

Redemption

• Direct Cashback: Cashback is automatically credited to your NiyoX account, where it can be used to offset your card bill or for other transactions.

NiyoX Equitas Credit Card Usage

• Online and Offline Shopping: Use the NiyoX Equitas Credit Card at any merchant that accepts Visa or Mastercard, both online and offline.
• Bill Payments: Pay your utility bills, mobile recharges, and other regular expenses using the NiyoX Equitas Credit Card and earn cashback on every transaction.

Airport Lounge Access

The NiyoX Equitas Credit Card does not currently offer complimentary airport lounge access, focusing instead on providing strong cashback rewards and a seamless digital experience.

Foreign Transaction Fee

Feature	Details
Foreign Transaction Fee	Nil

Eligibility

• Age: 18 years and above.
• Income: Minimum annual income requirement of ₹3 lakh.
• Employment: Available to salaried and self-employed individuals.

How to Apply?

Online Application

1. Download the NiyoX app from the Google Play Store or Apple App Store.
2. Complete the KYC process within the app.
3. If eligible, you’ll receive instant approval and a virtual card for immediate use.
4. The physical card will be delivered to your address.

NiyoX Equitas Credit Card Review

Editor’s Rating

• Benefits: 4.5/5
• Fees: 5/5
• Customer Service: 4.2/5

Summary

The NiyoX Equitas Credit Card is an excellent choice for individuals who prefer a digital-first, app-based credit card experience. With up to 2% cashback on select categories, no joining or annual fees, and seamless integration with the NiyoX app, this card offers significant value for money. The ability to manage everything through the app, combined with instant card issuance and security features, makes it particularly attractive to young professionals and tech-savvy users. While it lacks premium features like airport lounge access, the NiyoX Equitas Credit Card excels in providing everyday financial rewards and convenience, making it an ideal choice for those who prioritize ease of use and transparency in their banking experience.

Pros and Cons

Pros	Cons
No joining or annual fees	No airport lounge access or premium travel benefits
Up to 2% cashback on select categories	Not good except travel.
Fully app-based management with instant card issuance	Limited premium features compared to high-end credit cards
Zero Foreign transaction fee	No traditional credit card benefits like insurance coverage

Similar Cards to NiyoX Equitas Credit Card

Feature	NiyoX Equitas Credit Card	OneCard	Fi-Federal Bank Credit Card
Annual Fee	Nil	Nil	Nil
Reward Rate	Up to 2% cashback on select categories	1 Reward Point per ₹50 spent	5% reward rate in Fi-Coins
Card Material	Plastic	Metal	Plastic
Eligibility	Available to individuals with a minimum income of ₹3 lakh	Based on credit profile	Available to individuals with a minimum income of ₹3 lakh
Foreign Transaction Fee	3.5% + GST	1% + GST	3.5% + GST

OneCard vs NiyoX Equitas Credit Card

The OneCard is a popular choice for users who prefer a premium feel with its metal design and a straightforward rewards structure. While the NiyoX Equitas Credit Card offers up to 2% cashback on select categories, OneCard’s reward structure of 1 Reward Point per ₹50 spent with a metal card design might appeal more to those who value aesthetics and premium build quality. Both cards are fee-free and cater to digital-savvy users, so the choice between them comes down to personal preference for cashback versus reward points.

Fi-Federal Bank Credit Card vs NiyoX Equitas Credit Card

The Fi-Federal Bank Credit Card offers a higher reward rate of 5% in Fi-Coins but focuses heavily on digital banking and financial insights. The NiyoX Equitas Credit Card, with its straightforward cashback structure and no fees, is more suitable for those who prefer simplicity and immediate rewards. If you’re looking for a higher reward rate and are comfortable with Fi-Coins, the Fi-Federal Bank Credit Card might be a better option. However, for easy-to-understand cashback rewards, the NiyoX Equitas Credit Card stands out.

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