All cards / Saraswat Co-operative Bank
Saraswat Co-operative Bank
Saraswat Bank RuPay Credit Card
RuPay
Saraswat Bank RuPay Credit Card
One of the few multi-state urban cooperative banks in India to issue an unsecured RuPay credit card in its own name, Saraswat Bank's card targets existing members with 5% cashback (capped) on groceries, dining and select retail plus a strong 20% back on utility bill payments — the ₹500 annual fee is waived once a modest ₹10,000 is spent in the year.
Annual fee
₹500
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in utilities, groceries. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: None
- International lounge access: None
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹10,000
- Interest rate: 36% p.a.
Benefits
- 500 welcome reward points on card activation plus 300 reward points on the first successful transaction
- EMI facility on purchases above Rs. 2,500 with tenures of 3, 6, 9 or 12 months (excludes cash withdrawals, fuel and jewellery)
- Card limit Rs. 10,000 to Rs. 5,00,000 with up to 50 days interest-free credit when the previous bill is paid in full
Pros
- + Nil joining fee; annual fee waived on just Rs. 10,000 of yearly spend
- + Lifetime-free add-on cards
- + 500 welcome points plus 300 points on first transaction
- + EMI conversion on larger purchases with flexible tenures
Cons
- − Only available to Saraswat Bank members, not the general public
- − Rs. 500 + GST annual fee applies if annual spend is below Rs. 10,000
- − Finance charges of 2.25% per month (27% APR)