Yes Bank
Zagg Credit Card
LIFETIME FREE Card
This is an invite only card
Top Benefits
Enjoy Lounge Visits
with 2 complimentary domestic airport lounge visits per quarter via Dreamfolks lounges, subject to YES Bank quarterly spending criteria
Earn 3% Zagg Coins
on all eligible UPI transactions via Zagg platform on minimum transaction value of ₹50, capped at 1.5% of total credit limit
Best For
Travel
UPI
The Zagg Credit Card, commonly known as the Zagg RuPay Credit Card, enters the market as a highly pract...
Read More
Read Less
The Zagg Credit Card, commonly known as the Zagg RuPay Credit Card, enters the market as a highly pract...
The Zagg Credit Card, commonly known as the Zagg RuPay Credit Card, enters the market as a highly practical, zero-fee option for everyday spenders. Operating on the homegrown RuPay network, this card allows you to link it directly to your UPI apps like BHIM, PhonePe, or Google Pay. This means you can scan merchants' QR codes and pay using your credit card, making physical wallets obsolete for daily tea, grocery, or pharmacy runs.
What makes the Zagg RuPay card stand out in a crowded market is its cost structure. With absolutely zero joining fees and zero annual fees, it is a lifetime free card. Furthermore, it boasts an incredibly low foreign exchange markup of just 1.5%, a feature reserved for super-premium cards that cost upwards of Rs. 5,000 per year. If you travel abroad or shop on international websites, this low markup alone makes the card worth holding. While it strips away flashy welcome bonuses and complex category multipliers, it replaces them with solid utility, straightforward Rio Coin rewards, and achievable quarterly lounge access.
This card targets young professionals, salaried employees earning at least Rs. 25,000 per month, and self-employed individuals looking for an uncomplicated credit tool. If you want an entry-level UPI-enabled card that does not punish you with high maintenance fees, the Zagg RuPay Credit Card demands your attention.
View FAQ
Commonly Asked Questions
Is the Zagg Credit Card lifetime free?
Yes, this card charges Rs. 0 for joining and Rs. 0 for annual renewals. This makes it a lifetime free credit card without any complicated spending waivers to track.
Can I use this card for UPI payments?
Yes, because it is issued on the RuPay network, you can easily link this credit card to your preferred UPI applications to scan and pay at merchant outlets.
Is the Zagg RuPay a good credit card?
It is a highly functional card for beginners and budget-conscious users. Its zero annual fee, UPI capabilities, and remarkably low 1.5% forex markup make it a strong everyday companion.
Who is the ideal user for this card?
The ideal user is a salaried or self-employed individual earning at least Rs. 3 Lakhs annually who wants to make UPI payments on credit without paying any yearly maintenance fees.
Expert Review
From an expert perspective, the Zagg RuPay Credit Card is a masterclass in providing pure utility. In an era where banks are aggressively devaluing their entry-level cards or hiding behind complex waiver conditions, Zagg offers a breath of fresh air with its straightforward zero joining and zero annual fee structure. The ability to link it to UPI is fantastic for everyday micropayments, and the complimentary lounge access (achievable by spending Rs. 16,667 a month) is a practical perk.
The standout feature is the 1.5% forex markup. Finding a lifetime free card with a forex markup below 2% is exceptionally rare, making this a hidden gem for students studying abroad or users who frequently buy international software and gaming subscriptions.
That said, it is not without flaws. A primary criticism is the Rs. 99 redemption fee. For a card aimed at budget spenders where reward points (Rio Coins) only hold a Rs. 0.25 value, charging over Rs. 100 to redeem those points is punitive. Furthermore, the list of exclusions—from wallet loads to auto-debits—means your point accumulation will be relatively slow. Ultimately, you should get this card for its UPI convenience, zero fees, and low forex rates, not for its rewards program.
Joining / Annual Fee
Joining Fees
₹0 ( ₹0 + GST )
Annual Fees
₹0 ( ₹0 + GST )
One of the strongest selling points of the Zagg RuPay Credit Card is its completely free fee structure....
Read MoreRead Less
One of the strongest selling points of the Zagg RuPay Credit Card is its completely free fee structure....
One of the strongest selling points of the Zagg RuPay Credit Card is its completely free fee structure. Credit cards often lure customers in with a low first-year fee, only to apply hefty renewal charges in subsequent years. The Zagg card avoids this entirely.
The card comes with a joining fee of Rs. 0. You do not pay any initial charges when the card is issued and dispatched to your address. Because there is no joining fee, you also do not have to worry about spending specific amounts within the first 90 days to offset onboarding costs.
The annual fee from the second year onwards is also strictly Rs. 0. This is a lifetime free credit card. You never have to track your yearly spending to meet a fee waiver threshold. Whether you spend Rs. 5,000 in a year or Rs. 5 Lakhs in a year, you will not be billed an annual maintenance charge on your anniversary date. This makes it an excellent backup card to keep in your wallet indefinitely.
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The joining fee is Rs. 0. You do not pay any upfront costs to get the card issued.
What is the annual renewal fee from the second year?
The annual renewal fee is Rs. 0. The card does not carry any yearly maintenance charges.
Do I need to spend a certain amount to waive the annual fee?
No, since the annual fee is zero, there is no spending target or waiver condition.
Is this basically a lifetime free credit card?
Yes, with zero joining fees and zero annual fees forever, it functions as a lifetime free credit card.
Are there any hidden monthly maintenance fees?
No, there are no monthly or hidden maintenance fees for holding the card. You only pay for what you spend and specific service charges like late fees or forex markups.
Do I have to pay for an add-on card for my spouse?
The bank issues up to 3 add-on cards for immediate family members at zero additional cost, mirroring the lifetime free status of the primary card.
Will the zero-fee status change in the future?
The lifetime free status is honored for the life of the account as per the card's issuance terms.
Why does a zero-fee card still charge a redemption fee?
While holding the card is free, banks charge service fees for specific administrative actions. The Rs. 99 redemption fee is a separate service charge, not an annual fee.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
No
Before applying for the Zagg RuPay Credit Card, you must ensure you fit within the bank's specified eli...
Read MoreRead Less
Before applying for the Zagg RuPay Credit Card, you must ensure you fit within the bank's specified eli...
Before applying for the Zagg RuPay Credit Card, you must ensure you fit within the bank's specified eligibility guidelines. The bank welcomes applications from both salaried employees and self-employed individuals who meet the age and income thresholds.
First, the primary applicant must be at least 21 years old and no older than 60 years at the time of application. When it comes to your credit history, you need a healthy track record. The bank requires a minimum CRIF score of 720. If your score is below 720, or if you have a history of defaults, your application will be declined.
Income requirements differ based on your employment type. If you are a salaried employee, you need a minimum monthly income of Rs. 25,000. This translates to an annual salary of Rs. 3 Lakhs, making this card accessible to fresh graduates and junior-level executives. On the other hand, if you run your own business or work as a freelancer, you fall under the self-employed category. Self-employed applicants must demonstrate a higher earning capacity, requiring a minimum annual income of Rs. 7.5 Lakhs supported by your latest Income Tax Returns (ITR).
View FAQ
Commonly Asked Questions
What is the minimum age to apply for the Zagg Credit Card?
You must be at least 21 years old to submit an application for this credit card.
What is the maximum age limit for applicants?
The maximum age limit for applying is 60 years. Retirees above this age do not qualify for the primary card.
What is the minimum salary required if I have a job?
Salaried applicants need a minimum monthly income of Rs. 25,000, which equals an annual income of Rs. 3 Lakhs.
I am self-employed. What income do I need to show?
Self-employed professionals and business owners must have a minimum annual income of Rs. 7.5 Lakhs to be eligible.
What credit score is required for approval?
The bank requires a minimum CRIF credit score of 720 for both salaried and self-employed applicants.
Can I apply if my CRIF score is 700?
With a score of 700, you fall below the mandatory 720 requirement. Your application will be rejected until you improve your credit profile.
Are students eligible for this card?
Students are eligible if they are over 21, have a steady income of at least Rs. 25,000 per month, and maintain a 720+ credit score.
Can a freelancer apply for this card?
Yes, freelancers fall under the self-employed category. You can apply if your annual filed ITR shows an income of Rs. 7.5 Lakhs or more.
Will checking my eligibility lower my credit score?
A basic eligibility check involves a soft pull that does not hurt your score. However, submitting the final application results in a hard inquiry.
Do I need to submit my salary slips?
Yes, salaried applicants provide their last 2-3 months of salary slips or bank statements showing salary credits to complete the process.
All Card Benefits
- Earn 3% Zagg Coins on all eligible UPI transactions via Zagg platform (minimum transaction ₹50); 1 Zagg Coin = ₹1; capped at 1.5% of total credit limit per statement cycle
- Enjoy 2 complimentary domestic airport lounge visits per quarter (Dreamfolk lounges); subject to quarterly spending criteria as stipulated by YES Bank
Welcome Benefits
The Zagg RuPay Credit Card takes a minimalist approach and does not offer any upfro...
Read MoreRead Less
Welcome Benefits The Zagg RuPay Credit Card takes a minimalist approach and does not offer any upfro...
Welcome Benefits
The Zagg RuPay Credit Card takes a minimalist approach and does not offer any upfront welcome benefits like gift vouchers, bonus points, or complimentary subscriptions. Because the card charges zero joining fees, the bank offsets its costs by removing initial sign-up bonuses. However, to keep your account active and ensure you remain eligible to earn ongoing rewards, the bank requires you to make a minimum transaction of Rs. 100 within the first 30 days of receiving the card. If you fail to make this initial Rs. 100 spend, your reward privileges will not be activated.
Reward Points Structure
Your spending on the Zagg Credit Card earns you "Rio Coins." You earn 1 Rio Coin for every Rs. 100 spent on all regular retail and UPI transactions. The exact redemption value is confirmed: 1 Rio Coin equals Rs. 0.25. This means every 4 Rio Coins you accumulate will give you Rs. 1 in value.
To put this in perspective, if you earn 2,000 Rio Coins over a few months of grocery shopping and UPI payments, those coins hold a monetary value of Rs. 500. You can use these coins to claim statement credits directly against your bill or redeem them for vouchers from the YES Bank rewards catalogue. Keep in mind that a wide variety of transactions, such as rent, fuel, and wallet loads, are excluded from earning any Rio Coins at all.
Domestic Airport Lounge Access
Despite being a zero-fee card, the Zagg RuPay Credit Card offers complimentary domestic airport lounge access. However, this is a spend-based benefit. To access an airport lounge for free in any given calendar quarter, you must spend at least Rs. 50,000 using your card in the previous calendar quarter.
For example, to get free lounge access between April and June (Quarter 2), your total card spends between January and March (Quarter 1) must cross Rs. 50,000. This breaks down to exactly Rs. 16,667 per month. If you use this card for all your household UPI payments, utility bills, and basic shopping, hitting this target is highly realistic.
Fuel Surcharge Waiver
When you swipe a credit card at a petrol pump, banks levy a 1% surcharge. The Zagg Credit Card protects you from this extra fee by offering a fuel surcharge waiver. You save up to a maximum cap of Rs. 250 per statement cycle on fuel surcharges.
To give you a practical example, a 1% surcharge on a Rs. 2,000 petrol fill-up is Rs. 20. To hit the maximum monthly cap of Rs. 250 in waivers, you would need to spend Rs. 25,000 on fuel in a single month. For all individual commuters, this Rs. 250 monthly cap is sufficient to cover their regular fuel runs.
Movie and Dining Benefits
The Zagg Credit Card is built for utility and core savings rather than lifestyle luxuries. As a result, it does not provide any dedicated movie benefits, such as buy-one-get-one-free ticket offers on BookMyShow. Similarly, there are no specific dining benefits or restaurant discount programs attached to this card. You earn standard Rio Coins on eligible spends when you use the card to pay for movie tickets or restaurant bills.
View FAQ
Commonly Asked Questions
Does this card give any free vouchers when I join?
No, this card does not offer any welcome benefits in this category. You will not receive any sign-up vouchers or bonus points upon joining.
Do I need to spend a specific amount to activate my rewards?
Yes, you must make a minimum transaction of Rs. 100 within 30 days of getting the card. Otherwise, you won't be eligible for the rewards program.
What happens if I don't spend Rs. 100 in the first 30 days?
If you miss this activation window, your card will not earn any Rio Coins on your future purchases. Perform a quick Rs. 100 UPI scan as soon as you receive the card to avoid this.
Is there any hidden catch to the zero welcome bonus?
There is no hidden catch. The bank simply skips the welcome bonus because they are not charging you any upfront joining fee.
What is the name of the reward points on this card?
The reward points earned on the Zagg Credit Card are called Rio Coins.
How many Rio Coins do I earn per Rs. 100 spent?
You earn 1 Rio Coin for every Rs. 100 spent on all eligible merchant transactions.
What is the value of 1 Rio Coin in rupees?
Each Rio Coin holds a value of Rs. 0.25. Therefore, you need 4 Rio Coins to equal 1 Rupee in value.
How much are 10,000 Rio Coins worth?
At a conversion rate of Rs. 0.25 per coin, 10,000 Rio Coins translate to a total value of Rs. 2,500.
Do I earn Rio Coins on EMI transactions?
No, all EMI transactions and purchases that you later convert to EMIs are strictly excluded from earning any Rio Coins.
Will I earn points when I load my Paytm or Amazon Pay wallet?
No, wallet loading transactions are excluded and will not generate any reward points on your account.
Can I earn rewards on gold or jewellery purchases?
No, the purchase of jewellery items is on the bank's exclusion list and will not earn you any Rio Coins.
Do government tax payments earn rewards?
No, all government-related transactions are excluded from the rewards program.
Do my Rio Coins ever expire?
Rio Coins remain valid for 24 months from the date of accumulation, providing a two-year window for redemption.
Is there a minimum number of coins required to redeem?
You can initiate a redemption request once you have accumulated a minimum of 1,000 Rio Coins.
Does this card offer free airport lounge access?
Yes, it offers complimentary domestic airport lounge access, provided you meet the minimum spending requirements in the previous quarter.
How much do I need to spend to get lounge access?
You must spend a minimum of Rs. 50,000 in the preceding calendar quarter to unlock complimentary domestic lounge access for the current quarter.
Are railway lounges included in this benefit?
No, this card does not offer any benefits in the railway lounge category.
Do international lounges come free with this card?
No, the complimentary access is strictly limited to participating domestic airport lounges within India.
If I spend Rs. 50,000 today, can I enter the lounge tomorrow?
No, the benefit evaluates your spending in the previous calendar quarter. Spending Rs. 50,000 today qualifies you for lounge visits starting in the next calendar quarter.
Do I get a fuel surcharge waiver on this card?
Yes, the fuel surcharge levied by the fuel merchant is waived on eligible transactions.
What is the maximum surcharge waiver I can get in a month?
You can get a maximum surcharge waiver of Rs. 250 per statement cycle.
How much fuel do I need to buy to hit the maximum waiver?
Since the standard surcharge is 1%, you need to buy around Rs. 25,000 worth of fuel in a month to hit the Rs. 250 maximum waiver cap.
Do I also earn Rio Coins on my fuel purchases?
No, fuel purchases only qualify for the surcharge waiver and do not earn regular reward points.
Can I get a free movie ticket with this card?
No, this card does not offer any benefits or buy-one-get-one offers in the movie category.
Are there any discounts on dining or food delivery apps?
No, this card does not offer any special benefits or accelerated rewards in the dining category.
Do I still earn regular rewards if I pay a restaurant bill?
Yes, as long as the restaurant does not fall under any excluded merchant category code, you will earn your standard Rio Coins on the transaction.
Is there any Swiggy or Zomato specific offer?
No, there are no exclusive bank offers for food delivery platforms tied permanently to this card.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Zagg Coin = ₹0.25
Redemption Options
- Vouchers, offers, discounts
- Direct statement credit
To check redemption catalogue
Earning Rio Coins is only half the journey; redeeming them properly dictates your real-world savings. T...
Read MoreRead Less
Earning Rio Coins is only half the journey; redeeming them properly dictates your real-world savings. T...
Earning Rio Coins is only half the journey; redeeming them properly dictates your real-world savings. The Zagg RuPay Credit Card offers a straightforward redemption process handled through the YES Bank rewards portal. You can view your accumulated Rio Coins on your monthly statement or by logging into your mobile banking app.
When you are ready to use your rewards, you have two main choices. First, you can opt for direct statement credit, which means the cash value of the coins is deducted directly from your outstanding credit card bill. Second, you can browse the rewards catalogue to claim vouchers, offers, and discounts on popular brands.
The math is simple: 1 Rio Coin is equal to Rs. 0.25. If you have 8,000 Rio Coins saved up, your total redemption value is Rs. 2,000. However, you must factor in the redemption cost. The bank charges a reward redemption handling fee of Rs. 99 plus applicable GST for every redemption request you make. Because of this fee, it is financially wiser to hoard your points and redeem them in large batches. Redeeming 400 points (worth Rs. 100) is inefficient as the fee itself costs more than the reward value.
View FAQ
Commonly Asked Questions
How do I redeem my Rio Coins?
Log into the net banking portal or mobile app, navigate to the rewards section, and choose between statement credit or catalogue vouchers.
What is the exact cash value of my points?
Every 1 Rio Coin is worth exactly Rs. 0.25. This means 4 coins will give you 1 Rupee in value.
Is there a fee when I redeem my points?
Yes, every time you place a redemption request, the bank charges a handling fee of Rs. 99 plus 18% GST.
Can I get the points credited directly to my credit card bill?
Yes, direct statement credit is one of the supported redemption options, allowing you to use your points to pay down your outstanding balance.
Where can I see the vouchers available for redemption?
You can view the full list of available brand vouchers and discounts at https://www.yes.bank.in/personal-banking/nri-banking/yes-privileges/yes-rewards.
Since there is a Rs. 99 fee, when should I redeem?
Because the fee is fixed per request, you should wait until you have a large balance—like 5,000 or 10,000 points—before redeeming so the fee takes up a tiny fraction of your total value.
Do I have to call customer care to redeem?
No, the entire redemption process is self-serve and can be completed fully online through your banking portal.
Can I transfer my Rio Coins to a friend's card?
No, reward points are strictly tied to your account and cannot be transferred to another individual's credit card.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
EMI transactions
Cash withdrawals
Purchases converted to EMI post-facto
Wallet loading transactions
Purchase of jewellery items
Government-related transactions
All reversals
Gambling transactions
Toll payments
Security broker services
Charity donations
Balance transfers
Financial charges
Payments made via standing-instruction/auto-debit
For Spends Waiver
EMI transactions
Cash withdrawals
Purchases converted to EMI post-facto
Wallet loading transactions
Purchase of jewellery items
Government-related transactions
All reversals
Gambling transactions
Toll payments
Security broker services
Charity donations
Balance transfers
Financial charges
Payments made via standing-instruction/auto-debit
It is crucial to understand that not every swipe or UPI scan will earn you Rio Coins. The bank has a co...
Read MoreRead Less
It is crucial to understand that not every swipe or UPI scan will earn you Rio Coins. The bank has a co...
It is crucial to understand that not every swipe or UPI scan will earn you Rio Coins. The bank has a comprehensive list of exclusions designed to prevent reward manipulation on non-retail or low-margin transactions. If you spend money in any of these excluded categories, the transaction will process normally, but your reward point counter will remain at zero for that specific spend.
The excluded transactions are: EMI transactions, purchases converted to EMI post-facto, cash withdrawals, wallet loading transactions, purchase of jewellery items, government-related transactions, all reversals, gambling transactions, toll payments, security broker services, charity donations, balance transfers, financial charges, and payments made via standing-instruction or auto-debit.
To explain the real-world impact: if you buy a Rs. 50,000 laptop and convert it to a 6-month EMI, you earn zero points. If you pay Rs. 10,000 in advanced tax on a government portal, you earn zero points. If you load Rs. 5,000 into your Amazon Pay wallet to pay utility bills, you earn zero points. Furthermore, any payments set up on auto-debit are also excluded. You must manually make the payment each month if you wish to earn rewards on those services.
View FAQ
Commonly Asked Questions
What happens if I make a purchase in an excluded category?
The purchase will go through successfully, but you will not earn any Rio Coins for that specific transaction.
Will I earn points if I load money into Paytm?
No, wallet loading transactions are strictly excluded. Adding money to Paytm, Amazon Pay, or Mobikwik will yield zero rewards.
Do I get rewards if I buy gold jewellery?
No, the purchase of jewellery items is restricted and falls under the bank's non-rewarding exclusion list.
If I buy a phone on EMI, do I get the points?
No, both merchant EMIs and purchases that you manually convert to EMIs are completely excluded from earning points.
Do I earn rewards when I withdraw cash from an ATM?
No, cash withdrawals do not earn points. Additionally, they attract cash advance fees and immediate interest charges.
Are toll payments like FASTag recharges eligible for rewards?
No, toll payments are excluded from the rewards program. You will not earn points for recharging your FASTag.
If I donate to a charity, will it earn Rio Coins?
No, charity donations are classified as excluded transactions and will not accumulate any reward points.
Why did I not earn points on my automated Netflix bill?
The card excludes payments made via standing-instruction or auto-debit. You must pay manually to bypass this specific exclusion.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.99% per month (47.88% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.99% |
ATM withdrawal ATM Withdrawal is not allowed on this card | Not Applicable |
Reward Redemption Fees No fee is charged when redeeming reward points on this card | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets via IRCTC | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees Cheque return fee of ₹450 per instance applies. Auto-debit failure attracts 2% or ₹450 (whichever is higher), capped at ₹1,500 per statement | ₹450 |
Cash Payment Fees Cash payment fee of ₹100 + applicable GST is charged for credit card repayments of ₹1,000 or more at YES BANK branches | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0- ₹500 | ₹0 |
| ₹ 501- Above | ₹1350 |
Understanding the exact costs associated with the Zagg Credit Card is essential to avoid surprises. Whi...
Read MoreRead Less
Understanding the exact costs associated with the Zagg Credit Card is essential to avoid surprises. Whi...
Understanding the exact costs associated with the Zagg Credit Card is essential to avoid surprises. While the card is marketed as zero-fee for basic maintenance, it carries standard industry charges for specific actions, delays, and international usage. Below is a detailed breakdown of every fee you encounter.
The Joining Fee is Rs. 0. You do not pay anything upfront when your application is approved and the card is issued. Because this fee is zero, there is no need to worry about spending specific amounts in the first few months to offset the cost with welcome benefits.
The Annual or Renewal Fee is Rs. 0. From the second year onwards, the bank will not charge you a yearly maintenance cost. Since the fee is strictly N/A (not applicable), you do not have to meet any annual spending waiver condition just to keep the card free.
The Interest Rate (APR) is 3.4% per month. Finance charges of 3.40% per month apply on unpaid outstanding balances until the amount is fully repaid. For example, if you spend Rs. 10,000 and pay only the minimum due, the remaining balance will accrue Rs. 340 in interest charges for that month, which compounds over time.
Late Payment Charges follow a slab system based on your outstanding balance: Rs. 0 (for balances up to Rs. 500), Rs. 500 (for Rs. 501 to Rs. 5,000), Rs. 700 (for Rs. 5,001 to Rs. 10,000), Rs. 950 (for Rs. 10,001 to Rs. 25,000), Rs. 1,100 (for Rs. 25,001 to Rs. 50,000), and Rs. 1,250 (for balances above Rs. 50,000). For example, if you miss your deadline and your balance is Rs. 8,000, the bank adds a Rs. 700 late fee to your next statement on top of the 3.4% interest.
The Foreign Transaction or Forex Markup Fee is remarkably low at 1.5%. 1.5% Forex Markups are levied if you use your card to make payment in any currency other than INR. This fee applies if you shop on any ecommerce website which accepts payment in foreign currency or if you make a payment outside of India using a POS. For example, if you buy a software subscription worth Rs. 10,000 from a US website, the bank charges only a Rs. 150 forex fee, whereas standard cards charge Rs. 350.
The ATM Cash Withdrawal Fee is 2.5%. 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum Rs. 500). If you withdraw Rs. 10,000 from an ATM, you will immediately be charged a Rs. 500 fee, and interest at 3.4% per month will accumulate from day one without a grace period.
The Rent Payment Convenience Fee is 1%. 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges. If your monthly house rent is Rs. 20,000 and you pay it via a credit card portal, the bank charges an extra Rs. 200 fee plus processing fees from the rental portal.
The Railway Surcharge is up to 2.5%. A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. If you book a Rs. 2,000 train ticket at an IRCTC physical counter using this card, an extra Rs. 50 surcharge is added to your bill.
The Cash Payment Fee is Rs. 100. There is a Rs. 100 cash payment fee per deposit. If you walk into a bank branch and hand over physical cash to clear your credit card bill, the teller will add Rs. 100 to your next month's statement. Always pay your bills online via net banking or UPI to avoid this.
The Cheque Payment Fee is N/A. No cheque payment fee is charged. If you drop a physical cheque into a drop-box to clear your credit card dues, the bank processes it for free provided the cheque clears.
The Reward Redemption Fee is Rs. 99. A reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. Because 1 Rio Coin is worth Rs. 0.25, you should avoid making small redemptions. If you redeem Rs. 200 worth of coins, paying Rs. 116 in fees wipes out more than half your value.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 0 |
| Annual Fee | Rs. 0 |
| Interest Rate (APR) | 3.4% per month |
| Late Payment Fee | Rs. 0 to Rs. 1,250 (Based on balance slab) |
| Forex Markup Fee | 1.5% |
| Cash Advance Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | 1.8% online / 2.5% offline |
| Cash Bill Payment Fee | Rs. 100 per deposit |
| Cheque Payment Fee | Rs. 0 |
| Reward Redemption Fee | Rs. 99 + GST per request |
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The joining fee is Rs. 0. You do not pay anything to acquire the card initially.
What is the annual or renewal fee?
The annual renewal fee is Rs. 0. This card remains free to hold year after year.
Is there an annual fee waiver based on spending?
Since the annual fee is zero, spending-based waivers are not applicable to this card.
How can I get this card lifetime free?
The standard fee structure dictates zero joining and zero annual fees, meaning it acts as a lifetime free card automatically.
What is the interest rate (APR) if I don't pay my full balance?
The card charges an interest rate of 3.4% per month on outstanding balances.
How is the interest calculated on outstanding balances?
Finance charges of 3.40% per month apply on the unpaid balance until the full amount is repaid. If you leave Rs. 10,000 unpaid, it accrues about Rs. 340 per month.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,250, depending on the size of your outstanding balance at the time of the missed deadline.
Is the late payment fee different based on outstanding amount?
Yes, balances under Rs. 500 have no late fee, balances between Rs. 5,001 and Rs. 10,000 incur a Rs. 700 fee, and balances over Rs. 50,000 incur the maximum Rs. 1,250 fee.
What is the forex markup for international transactions?
The forex markup is an incredibly low 1.5%. Spending Rs. 1,00,000 in a foreign currency incurs just a Rs. 1,500 markup fee.
Can I withdraw cash using my credit card?
While possible, it is discouraged. The bank charges a heavy 2.5% fee on the withdrawn amount.
What are the cash withdrawal charges and limits?
A fee of 2.5% of the withdrawn amount is applied, subject to a minimum charge of Rs. 500. Interest begins accruing immediately.
What happens if I spend more than my credit limit?
Spending beyond your limit results in an over-limit penalty of 2.5% of the excess amount, subject to a minimum of Rs. 500.
Are there fees for paying rent with this card?
Yes, a 1% fee is charged on the transaction amount when you use the card to pay rent. A Rs. 10,000 rent payment costs an extra Rs. 100.
Is there a fee for paying my bill in cash?
Yes, paying your credit card bill in cash at a bank branch incurs a Rs. 100 processing fee per deposit.
What are the charges for cheque payment of bills?
There is no charge for making a bill payment via cheque.
What happens if my payment cheque bounces?
A cheque bounce attracts a penalty fee of Rs. 500 and negatively impacts your credit score.
Are there charges for railway ticket bookings?
Yes, booking railway tickets online attracts a 1.8% surcharge, while offline bookings face a 2.5% surcharge.
Is there a fee to redeem my reward points?
Yes, every reward redemption request carries a handling fee of Rs. 99 plus applicable GST.
What are the card replacement charges for lost or stolen cards?
Physical card replacement is charged at a flat rate of Rs. 200 plus GST.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What identity proof is required?
You must provide your physical PAN Card. It is mandatory for credit card applications in India to verify your credit history.
What can I use as address proof?
Your Aadhaar card is the primary address proof used during the Video KYC process. Ensure the address on it matches your current residence.
What income proof do salaried people need?
Salaried individuals submit their latest 2-3 months of salary slips or recent bank statements showing the Rs. 25,000+ monthly salary credit.
What income proof is needed for self-employed applicants?
Self-employed applicants upload their latest Income Tax Returns (ITR) computation showing a minimum annual income of Rs. 7.5 Lakhs.
Do I need to submit a physical photograph?
No, physical photographs are not required. The bank agent captures your live photo during the Video KYC call.
Can I use a passport instead of Aadhaar for VKYC?
Standard digital VKYC is completed via XML-based Aadhaar verification. If you cannot provide Aadhaar, you must submit physical documents for manual verification.
Who Should Get This Card?
If you are a 25-year-old software engineer earning Rs. 40,000 a month who hates carrying cash, the Zagg RuPay card is built for you. You can link it to GPay, pay the local tea vendor on credit, and never worry about paying an annual fee. Similarly, if you are a freelancer who occasionally buys software subscriptions in USD, the incredibly low 1.5% forex markup will save you a lot of money over time without requiring you to hold an expensive premium card.
However, if you are a heavy spender who drops Rs. 20,000 a month on flights, fine dining, and BookMyShow tickets, this card is not for you. You will be underwhelmed by the lack of travel milestones, lifestyle perks, and flat reward rates. You should look toward premium lifestyle cards from HDFC or SBI instead.
Credit Limit and What to Expect
When you are approved for the Zagg Credit Card, the bank will assign you a credit limit based on a comprehensive risk assessment. The bank looks at your CRIF score, your monthly income, your existing debt obligations, and your repayment history with other loans or cards.
For example, a salaried applicant earning Rs. 25,000 per month will receive a starting limit ranging from Rs. 40,000 to Rs. 50,000. Conversely, a self-employed professional showing an ITR of Rs. 12 Lakhs with excellent credit starts with a limit of Rs. 2 Lakhs. Use the card responsibly and pay your bills in full, and you will receive a credit limit increase offer from the bank within 6 to 12 months of active usage.
View FAQ
Commonly Asked Questions
What is the minimum credit limit I can expect?
Entry-level applicants meeting the Rs. 25,000 salary criteria receive starting limits ranging from Rs. 30,000 to Rs. 50,000.
Can I request a higher credit limit right after approval?
No, the bank requires you to use the card for at least 6 months and establish a good repayment history before they consider a limit enhancement request.
Does using my card for UPI limit how much I can spend?
UPI transactions share your overall credit limit. However, the bank and UPI apps impose daily per-transaction caps on UPI scans, which is Rs. 1 Lakh per day for security reasons.
Will the bank automatically increase my limit?
Yes, if you pay your bills on time and utilize your card moderately, the bank proactively sends you limit enhancement offers via SMS or email.
Can I spend beyond my assigned credit limit?
If you attempt to spend beyond your limit, the transaction is declined. If it does process, you will be charged an over-limit penalty of 2.5% of the excess amount, with a minimum of Rs. 500.
Do existing loans affect my credit card limit?
Yes, high existing EMIs reduce your disposable income, which results in the bank assigning a lower credit limit to ensure you aren't overburdened with debt.
How to Apply?
Securing the Zagg Credit Card is a quick, digital-first process. The bank utilizes a Video KYC (Know Your Customer) system, allowing you to complete your application from the comfort of your home or office without visiting a bank branch.
First, verify your eligibility on the bank's official website or a trusted partner platform. You need to enter your basic details like PAN, mobile number, and employment type. If you clear the preliminary check, you will proceed to fill out the detailed application form and upload your income documents (salary slips for salaried, ITR for self-employed).
The final and most crucial step is the Video KYC call. Keep your original PAN card, Aadhaar card, and a blank piece of paper with a blue/black pen handy. During the video call, the bank agent will verify your identity. Ensure you have a stable internet connection and are in a well-lit room. The bank requires you to be physically present within a 50-kilometer radius of your registered home or office address during the Video KYC call. If your location data shows you are outside this radius, the VKYC will be rejected.
View FAQ
Commonly Asked Questions
Can I apply for the Zagg Credit Card entirely online?
Yes, the application process is fully digital, culminating in a Video KYC call that removes the need for physical branch visits.
What documents do I need for the Video KYC?
You will need your original physical PAN card, Aadhaar card for verification, and a blank paper with a pen to provide a live signature.
Can I do the Video KYC from another city while travelling?
No, the bank terms state you must be within a 50-kilometer radius of your registered residential or office address during the VKYC call.
How long does the approval take after the video call?
Final approval is granted within 5 to 7 working days once all documents are verified and your credit score meets the requirement.
What happens if my Video KYC gets disconnected?
If the call drops, you can rejoin via the same link sent to your email or SMS to restart the process.
How do I track my application status?
You will receive an Application Reference Number via SMS. Enter this number on the bank's tracking portal to see live updates.
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Top Benefits
Enjoy Lounge Visits
with 2 complimentary domestic airport lounge visits per quarter via Dreamfolks lounges, subject to YES Bank quarterly spending criteria
Earn 3% Zagg Coins
on all eligible UPI transactions via Zagg platform on minimum transaction value of ₹50, capped at 1.5% of total credit limit
The smartest way to find your great credit card
We value your time and privacy. Your details stay secure and are used only to help you.
Company
We value your time and privacy. Your details stay secure and are used only to help you.