RuPay Credit Card UPI: Benefits, Payment Limits and Cashback Details

RuPay credit card owners can now directly add their cards to UPI apps. It enables them to leverage various credit card deals through their preferred UPI merchant by entering UPI IDs or simply scanning QR codes. 

This innovative development enhances convenience while ensuring secure transaction channels. As a result, more people are drawn to credit card payments due to the widespread acceptance of UPI apps.

Benefits of a RuPay Credit Card on UPI

Rupay Credit Card brings convenience to the users. As you link your RuPay credit card to a UPI app, you can securely complete transactions across millions of merchants. You can earn cashback, reward points and easy EMI facilities on daily UPI transactions. 

Security remains intact with transactions that cannot be initiated without UPI PIN authentication. You can comfortably use your credit card for any UPI QR-enabled merchant. It expands utility much beyond traditional POS terminals. 

RuPay Credit Card UPI Payment Limit

While relying on credit payments, there is a RuPay credit card UPI payment limit per day, which every user should be aware of. These limits are set to safeguard citizens from all kinds of fraudulent attempts and to maintain utmost security.

As per the announcements made by NPCI, the daily UPI payment limit has been set at ₹1 Lakh per day for RuPay credit card users. It is a straightforward declaration which does not allow anybody to execute credit card transactions exceeding ₹1 Lakh in a single day via any of the UPI apps. 

In certain situations, the daily RuPay credit card UPI payment limit may be stretched to ₹2 Lakhs for selected Merchant Category Codes (MCCs). However, it is important to note that these transactions are still subject to the credit limit of your card issuer. For example, if your card issuer has enabled a credit limit of ₹35,000, you can spend only up to that amount, regardless of the ₹1 Lakh daily limit for RuPay UPI.

Lastly, it is highly advised to confirm with your bank or card issuer regarding the particular UPI transaction limits set for your RuPay credit card. 

How to Get RuPay Credit Card UPI Payment Cashback?

In June 2022, RBI enabled linking credit cards to UPI platforms helping users to access card benefits while leaving their physical cards at home.

Initially, unlike Mastercard and Visa, only a few cards issued by the RuPay network were supported across UPI apps. However, the scenario shifted with time, as RuPay credit cards are widely popular. 

To enjoy a premium cashback experience on UPI-powered RuPay credit cards, you can apply for any of the following cards:

All these cards will require a good credit score (ideally above 700). Thus, if you are new to the world of cashbacks and credit cards, you can apply for a secured credit card first with Stable Money. 

This will allow you to build your credit score steadily, and you can earn up to 8.40% annual returns through an RBI-backed fixed deposit. Download the Stable Money app now!

Does a RuPay Credit Card UPI Payment Incur an Interchange Fee?

The National Payments Corporation of India (NPCI) introduced various reforms related to credit cards, which may involve revising charges for payments made through RuPay credit cards. However, this interchange fee is not directly imposed on the consumer. Instead, the fees are covered by the merchant's bank and are paid to the card issuer each time the card is used for payments at a specific store.

You can notice the interchange fee as a fraction of the total bill amount. Therefore, a merchant, a seller or their respective bank first disburses these charges, which are consequently credited to the card-issuing authority's bank account. 

Following NPCI's notifications, if the interchange fee rises, then merchants may pass on these expenses to the end consumer. This might lead to a significant change in the behaviour of RuPay credit card users. 

How to Link and Use Your RuPay Credit Card on UPI?

Every popular UPI app like Paytm, BHIM, PhonePe, Google Pay, etc. has its own option to link a debit card/ credit card. You can navigate to the appropriate application and authorise the connection by entering the correct UPI PIN. 

Final Words

In daily life, a RuPay credit card is a powerful tool for both personal and commercial transactions. It offers convenience, expanded credit card acceptance and superior rewards via the widespread UPI network. Therefore, you can use this facility too for uninterrupted online payments on the go. 

Looking for a secured credit card with excellent benefits? Open a fixed deposit with Stable Money and unlock access to a feature-rich secured credit card. It is fast, simple, and rewarding.

Download the Stable Money app today and take charge of your finances!