Synopsis: This article compares the Slice UPI Credit Card and Klick (formerly Kiwi) Credit Card across cashback, rewards, fees, forex charges, and key features to help you identify the better choice based on your spending habits in 2026.
QR-code payments have become a way of life for Indians, who use UPI to pay for their groceries, utility bills and much more. In response to this change, fintech companies have introduced UPI first credit cards that integrate the “UPI” and “Credit Card” experience to gain the UPI convenience while enjoying rewards on a credit card. The most popular ones include the Slice UPI Credit Card and Klick (also known as Kiwi) Credit Card.
1. Kiwi Credit Card
The Issuer of this credit card is YES BANK (also offered through partner banks such as AU Small Finance Bank and Punjab National Bank via the Klick app, depending on eligibility).
- Joining Fee/Annual Fee: ₹0 (lifetime free)
- Benefits:
- 1.5% cashback on UPI Scan & Pay transactions (through the Klick rewards ecosystem).
- 0.5% cashback on eligible online spends.
- Up to 5% cashback through Klick Neon membership and milestone-based rewards.
- Complimentary domestic airport lounge access for eligible Neon members (subject to spending milestones and terms).
- Fuel surcharge may vary from 1% to 2.5% + GST of the amount spent on fuel transaction and is payable by cardholder.
- Fuel surcharge waiver capped at ₹250 per statement cycle (GST on the surcharge is not waived).
- 2 YES Rewardz Points for every ₹200 spent on non-UPI transactions.
- 100% virtual RuPay credit card (no physical card).
- Works with UPI Scan & Pay through the RuPay network.
- Up to 50 days interest-free credit period.
- Instant EMI available on transactions of ₹1,500 and above.
- Quick Loan facility within the available credit limit.
Usage Rules / Restrictions
UPI payments are supported only for merchant (P2M) transactions. Existing YES BANK credit cardholders are not eligible for this card. Application, video KYC and card management are completed through the Klick (formerly Kiwi) app. Forex markup is 2.75% on international transactions. YES Rewardz Points are not applicable on categories such as rent, wallet loading, fuel, government payments, cash withdrawals, EMI-converted transactions and other excluded MCCs as specified in the card’s terms.
2. Slice UPI Credit Card (Issued by Slice Small Finance Bank)
The Issuer of this card is Slice Small Finance Bank
- Joining Fee / Annual Fee: ₹0 (Lifetime Free)
- Benefits:
- Up to 3% cashback on UPI Scan & Pay transactions.
- Slice in 3 – Split eligible purchases into three monthly payments at no extra cost.
- Zero forex markup on international transactions.
- Instant cashback and partner offers through Slice Spark.
- Works seamlessly with UPI for Scan & Pay transactions.
- Manage your card through the Slice app.
- No joining fee, annual fee, or hidden charges.
Usage Rules / Restrictions
UPI payments are supported only for merchant (P2M) transactions through the RuPay-UPI network. Cashback and rewards are applicable only on eligible transactions and are subject to the card’s terms and conditions. Standard credit card billing and repayment cycle applies.
Card Comparison at ₹15,000 Monthly UPI Spend (With Klick Neon)
Note: The above comparison assumes the user has an active Klick Neon membership and meets the required milestones to earn up to 5% cashback. Without Neon, Klick offers a base cashback of 1.5% on UPI transactions, resulting in an annual cashback of ₹2,700 on a ₹15,000 monthly UPI spend. Similarly, Slice’s “up to 3%” cashback depends on eligibility, offers, and applicable terms and conditions, so actual rewards may vary.
Best UPI Credit Card by Spend
- Slice UPI Credit Card is better suited for users who want a lifetime-free credit card with zero forex markup, flexible payment options through Slice in 3, and the potential to earn up to 3% cashback on eligible UPI transactions without paying for a premium membership.
- Klick (formerly Kiwi) Credit Card is a better choice for users who make high UPI spends and are willing to subscribe to Klick Neon. With milestone-based rewards, users can earn up to 5% cashback, enjoy complimentary airport lounge access, and receive additional YES Rewardz Points on non-UPI transactions.
Bottom line
Both Slice UPI Credit Card and Klick (formerly Kiwi) Credit Card offer attractive rewards for UPI users. Slice is better for those who prefer a simple, lifetime-free card with zero forex markup, while Klick becomes more rewarding for high UPI spenders who can maximize its Neon membership benefits, making it the better choice for reward-focused users.
