Synopsis: Looking for a credit card for UPI payments? Here’s a look at three of the best UPI-enabled credit cards that offer massive cashback and value on every UPI payment, along with their key features, reward structure, fees, and who they are best suited for.
UPI is now India’s preferred method for paying for things like groceries, dining, utility bills, and shopping at local stores with RuPay credit cards on UPI you can earn cashback and rewards on payments you used to make from your bank account. If you use UPI a lot, getting the right cashback credit card can help you save more on your expenses.
Top UPI-Enabled Cashback Credit Cards
1. Kiwi RuPay Credit Card
Kiwi Credit Card is an entirely virtual RuPay credit card that is offered for life-time free with the help of collaboration between the issuer banks like Yes Bank, AU Small.
- Joining Charges: ₹0 (Life-time free)
- Annual Charges: ₹0 (Life-time free)
- Interest Charges: Depending upon the issuing bank (~3.5-3.75% per month)
- Cashback Structure :
- 1.5% cashback for Scan and pay UPI transaction through Kiwi application
- 0.5% cashback for online/offline spends
- Cashback credited in form of “Kiwis” (4 Kiwis= ₹1)
- 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.
Best Suited For: Frequent users of the UPI system who conduct multiple low-value transactions at nearby stores and vendors who do not accept normal credit card payments. Ideal for first-time users of the credit card service who desire a zero-cost alternative.
To apply for the card, please visit the Official Website
2. SBM ZET Credit Card
The SBM ZET Credit Card is a RuPay-enabled cashback credit card designed for users who primarily make UPI payments. It stands out by offering cashback on merchant UPI transactions and is particularly suitable for those looking for a simple cashback-focused card.
- It is a lifetime free credit card so no Annual or Joining Fee.
- Interest Rate is up to 3.75% monthly
- Cashback Scheme:
- Up to 2% cashback on eligible merchant UPI payments made through the ZET app with a ZET Plus subscription.
- Flat 5% cashback on Amazon & Flipkart vouchers
- Up to 15% cashback on 80+ brand vouchers (Nykaa, Domino’s, etc.)
- Up to 20% off on partner platforms like Swiggy, Zomato, Instamart, BookMyShow, etc. (max discount ₹100, once per month per partner)
- Cashback is credited as Z Coins, which can be redeemed for cash or vouchers.
- Additional cashback offers may be available on shopping vouchers and partner brands.
Best Fit For: Users who make frequent merchant UPI payments and don’t mind subscribing to ZET Plus to unlock higher cashback rates
To apply for the card, please visit the Official Website
Also read: AU Ananta or BOB Eterna: Which Credit Card Offers Better Benefits for Frequent Travellers?
3. IDFC FIRST Hello Cashback Credit Card
The IDFC FIRST Hello Cashback Credit Card is an FD-backed secured RuPay credit card designed for first-time credit users and those looking to earn cashback on everyday transactions, including UPI payments. It combines online shopping rewards with cashback on essential spending categories.
- Membership Fee: ₹0 (Limited-time offer)
- Annual Fee: ₹1,000 plus GST from the second year (waiver available based on annual spends).
- Interest Rate:0.71% to 3.85%
- Cashback Scheme:
- 5% cashback on incremental online spends above ₹10,000 per statement cycle.
- 3% cashback on online spends up to ₹10,000.
- 1% cashback on UPI transactions made via the IDFC FIRST Bank app.
- 1% cashback on in-store swipes and essential categories such as utilities, insurance, education, FASTag, and rent.
- Total cashback is capped at ₹1,500 per statement cycle.
- Best Fit for credit card users that are beginners or those building a credit history through an FD-backed card who also want cashback on online purchases and UPI payments
To apply for the card, please visit the Official Website
UPI-based credit cards are the future of India’s payment ecosystem. They combine the simplicity of UPI with the power of earning cashback on everyday QR and merchant payments, and offer everyday savings. You can select the cards depending on your spending habits.
