Lifetime Free Rupay Credit Card | Best Rupay Credit Card 2024 | Best Lifetime Free UPI Credit Card

Summary

In this video, the creator discusses the best UPI-based credit cards, with a focus on lifetime free options. They explain the benefits, cashback values, and hidden charges of these cards, while also addressing their pros and cons. The cards featured include options from RMA, SBI, Jupiter, and Kiwi, each offering varying rewards and features like fuel surcharge waivers and insurance benefits. The video emphasizes practical use cases, such as UPI payments, cashback on transactions, and the ability to link the cards to various UPI apps. The creator also provides links to apply for these cards with extra rewards.

Takeaways

• 😀 Lifetime-free UPI credit cards are available with zero joining and annual fees, making them an ideal option for budget-conscious users.
• 😀 Cashback on UPI transactions can range from 0.75% to 2%, offering substantial savings when using credit cards for payments.
• 😀 Non-UPI transactions provide cashback too, but at a lower rate, typically ranging from ₹25 to ₹35 per transaction.
• 😀 Some cards offer additional benefits like fuel surcharge waivers (1%) when using the card at petrol stations.
• 😀 Card rewards are credited directly to the statement, so users don’t have to worry about redeeming points or tracking rewards.
• 😀 Certain cards offer fraud and travel protection insurance, adding value and peace of mind during purchases or travel.
• 😀 The Jupyter CSB Bank Rupee credit card provides cashback on specific categories like shopping and travel, but has a lower approval rate due to limited reach.
• 😀 The Kiwi UPI Credit Card requires a membership for higher cashback benefits (5%), and it offers unique cashback opportunities for large spends.
• 😀 Some cards come with a requirement for using a specific app (like Kiwi's mobile app) to make UPI payments and redeem rewards.
• 😀 Many of these cards are high-approval credit cards, making them accessible to a wide audience, even those new to credit cards.
• 😀 UPI credit cards are restricted to payments to merchant QR codes, and you cannot send money to individuals directly using the credit card.

Q & A

What are UPI-based credit cards?

UPI-based credit cards are credit cards linked to UPI (Unified Payments Interface) apps, which allow users to make payments by scanning merchant QR codes via these apps, offering ease and flexibility in making transactions.

What is the key benefit of using UPI-based credit cards?

The key benefit is the ability to make payments directly through UPI apps, enabling fast and secure transactions via QR codes, often with additional cashback rewards on UPI payments.

Are there any lifetime free credit cards mentioned in the video?

Yes, the video mentions several lifetime free credit cards, such as the **RMA S-Bank** and **InstaBank** cards, which come with zero joining fees and no annual fees.

What cashback benefits are offered on UPI transactions with these cards?

For UPI transactions, cards like the **RMA S-Bank** offer cashback of up to ₹755 for every ₹1,00,000 spent, with similar cashback benefits available on other cards like **InstaBank** and **Jupiter**.

Are there any additional fees associated with these credit cards?

Most of the featured cards offer lifetime free services without annual or joining fees. However, some cards like the **Kiwi** card have a nominal membership fee after the first year, but this can be waived if certain conditions are met.

How are the cashback rewards credited to the cardholder?

Cashback rewards are typically credited directly to the card's statement, reducing the amount the cardholder needs to pay. This is in contrast to point-based rewards systems, making it simpler to redeem cashback.

Can you use UPI-based credit cards for payments to individuals?

No, UPI-based credit cards cannot be used to send money to individuals. They are restricted to merchant transactions, which require scanning a merchant's QR code.

What are the cons or limitations of UPI-based credit cards?

One of the main limitations is that payments can only be made to merchant QR codes, not to individual bank accounts. Additionally, many merchants impose limits on credit card payments, especially for transactions over ₹2,000.

Do these UPI-based credit cards offer any insurance benefits?

Yes, certain cards like the **InstaBank** and **RMA S-Bank** credit cards offer travel insurance, providing protection against fraud or theft related to the card’s usage.

What happens if you exceed the spending limits on these UPI credit cards?

If you exceed certain spending limits, some cards offer increased cashback percentages. For example, with **Kiwi**, spending ₹50,000 raises the cashback to 3%, while spending ₹1,00,000 increases it to 4%, and further increases with higher spending.