MoneyLens / Credit cards
Your card, explained.
Credit card · Tapti Rewards Card · Tapti Bank Ltd · ••••4417
Illustrative
Your card statement
Statement5 Oct
Total amount due
₹35,126
By 25 Oct 2026 · 7 days left
Minimum due
₹1,756
Avoids a late fee, not interest
Interest this month
₹1,250
+ GST · 3.60% a month
Card rate a year
52.9%
3.60% a month, compounded
23.4% of your ₹1,50,000 limit used₹1,14,874 available
Pay ₹35,126 by 25 Oct 2026 to stop further interest. Paying only the minimum would take 22 years 1 month and cost ₹1,34,361 in interest and GST.
Myra's most important observations
How card interest works
KFS p.1, Interest3.60%a month→43.2%a year, simple
≈ 52.9% a year
with monthly compounding, plus 18% GST on the interest. It applies only when you don't pay the full amount due by the due date, or on cash withdrawals. Once part of a bill is carried over, interest runs on every purchase from its date until the balance is cleared.
Fees
KFS p.1, Fees · Schedule of charges p.4, Cash advance · Schedule of charges p.4, Foreign currency- Joining fee₹499 + GST
- Annual fee₹999 + GST
- Annual fee waived on spends of₹1,50,000 a year
- Interest-free periodUp to 50 days, when the bill is paid in full
- Foreign currency markup3.50% + GST
- Cash withdrawal fee2.50%, at least ₹500 + GST
- Over-limit fee2.5%
- Card replacement₹100 + GST
- Reward redemption fee₹99 + GST
- Payment return (cheque / auto-debit)₹500 + GST
- Rent payment fee1%
Late payment fee
Only after 3 days past the due date, on the amount unpaid| Amount unpaid after the due date | Fee |
|---|---|
| Up to ₹500 | Nil |
| ₹500 – ₹5,000 | ₹500 |
| ₹5,000 – ₹10,000 | ₹750 |
| ₹10,000 – ₹25,000 | ₹1,000 |
| ₹25,000 – ₹50,000 | ₹1,200 |
| Above ₹50,000 | ₹1,300 |
Extracted card terms
Each term keeps its source. Statement figures are on the Statement & Charges tab.
| Term | Value | Source | Status |
|---|---|---|---|
| Product name | Tapti Rewards Card | KFS p.1 | Verified |
| Reference number | ••••4417 | Statement p.1 | Verified |
| Interest rate a month | 3.60% | KFS p.1, Interest | Verified |
| Joining fee | ₹499 | KFS p.1, Fees | Verified |
| Annual fee | ₹999 | KFS p.1, Fees | Verified |
| Spend that waives the annual fee | ₹1,50,000 | KFS p.1, Fees | Verified |
| Interest-free period, up to | 50 | KFS p.1, Interest-free period | Verified |
| Minimum amount due, % of the total | 5.00% | Schedule of charges p.3, Minimum amount due | Verified |
| Minimum amount due, at least | ₹200 | Schedule of charges p.3, Minimum amount due | Verified |
| Cash withdrawal fee | 2.50% | Schedule of charges p.4, Cash advance | Verified |
| Cash withdrawal fee, at least | ₹500 | Schedule of charges p.4, Cash advance | Verified |
| Foreign currency markup | 3.50% | Schedule of charges p.4, Foreign currency | Verified |
| Late payment fee | Up to ₹500: ₹0 · ₹500–₹5,000: ₹500 · ₹5,000–₹10,000: ₹750 · ₹10,000–₹25,000: ₹1,000 · ₹25,000–₹50,000: ₹1,200 · Above ₹50,000: ₹1,300 | Schedule of charges p.5, Late payment charges | Verified |
| Credit limit | ₹1,50,000 | Statement p.1, Statement summary | Verified |
| Previous minimum amount due | ₹2,000 | Statement p.1, Account summary | Verified |