CheQ AU Credit Card VS Axis Bank KWIK RuPay Credit Card VS BOI Rupay Swadhan Platinum VS Canara Bank Mastercard Gold Secured Credit Card
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
CheQ AU Credit Card
Axis Bank KWIK RuPay Credit Card
BOI Rupay Swadhan Platinum
Canara Bank Mastercard Gold Secured Credit Card
Who is it for?
Who is it for?
Who is it for?
Who is it for?
Pros
Key benefits and features.
India's first LED-enabled credit card offers a unique and visually engaging payment experience.
High reward rates up to 12% on popular brands and categories like shopping, travel, and utilities.
Lifetime free for the standard variant, making it an attractive option with no annual fees.
Receive both a Visa (LED) and RuPay card with a single application, offering great versatility.
Uncapped base rewards ensure continuous earning even after reaching accelerated rewards limits.
Pros
Key benefits and features.
It is a lifetime free credit card, with no joining or annual fees.
Cardholders receive a virtual credit card instantly upon approval via the Kiwi mobile app.
Offers seamless UPI transaction capability, allowing credit card use at merchants with QR codes.
Provides a decent reward rate of 2 EDGE RPs per Rs. 200 spent on domestic and international transactions.
Pros
Key benefits and features.
Lifetime free with no joining or renewal fees, making it a cost-effective option for long-term use.
Secured against a Fixed Deposit/TDR, making it accessible for individuals with low CIBIL scores or poor credit history to build their profile.
Offers lower interest rates compared to many unsecured credit cards, providing financial relief on revolving credit.
Easy application process for individuals with proof of income as an employee or self-employed person.
Pros
Key benefits and features.
Zero joining, annual, and enrolment fees make the card highly accessible.
Offers a generous interest-free credit period of up to 50 days on purchases.
Earns 2 reward points for every ₹100 spent on PoS and e-commerce transactions.
Provides comprehensive insurance benefits including fraud, baggage, and accident cover.
Secured against a Fixed Deposit, ideal for building or rebuilding credit history.
Cons
Key drawbacks and limitations.
Accelerated rewards are capped at 12,000 CheQ points per month, limiting high spenders.
Rewards are not applicable on several categories like fuel, education, gold, and rent payments.
Optional LED card incurs a one-time issuance fee of ₹999 + GST, which is an additional cost.
Interest rate on revolving credit is high at 3.75% per month (45% per annum), typical of the category.
No domestic or international airport lounge access on this card.
Applications for the LED card opened on April 28, 2026; the LED variant is now live on the CheQ app.
Cons
Key drawbacks and limitations.
Does not offer international or domestic lounge access.
Lacks specific benefits for travel, dining, movies, golf, or insurance.
Significant reward point exclusions on common spends like fuel and rent.
Cons
Key drawbacks and limitations.
Using a fixed deposit as collateral reduces liquidity, as funds cannot be withdrawn in an emergency until the credit card account is closed.
The card offers limited benefits and lacks premium features such as complimentary lounge access, movie discounts, or dining offers.
While secured, the fixed deposit collateral offers a low interest rate, which is a trade-off for the card's security and accessibility.
Cons
Key drawbacks and limitations.
An inactivity fee of ₹150 is charged if annual card turnover is less than ₹25,000.
High cash withdrawal charges of 3% or minimum ₹150, plus additional finance charges.
A foreign currency markup fee of up to 3% applies to all international transactions.
Reward points earning rate is relatively modest at 2 points per ₹100 spent.
Requires a fixed deposit as security, which may not suit all potential cardholders.