Consider Rahul, a young software engineer in Bengaluru, frequently uses UPI to pay for groceries, dining out, and online shopping. He recently heard that you can now use Rupay credit cards for UPI transactions, and even better—you can earn cashback on your everyday purchases! Intrigued by the idea of combining the convenience of UPI with the benefits of cashback, Rahul began exploring how to make the most of his Rupay credit card.
In this blog post, we’ll explain how to earn cashback with a Rupay credit card for UPI in India, using examples and tips to help you maximize your rewards.
Rupay credit card integration with UPI: A game changer
In the Indian digital payments landscape, UPI (Unified Payments Interface) has transformed the way we make transactions. Whether you’re paying for your morning coffee, splitting the dinner bill with friends, or shopping online, UPI offers a seamless and instant payment experience. Until recently, UPI payments were typically linked to bank accounts and debit cards, but the game has changed with the integration of Rupay credit cards with UPI.
This new feature allows users like Rahul to link their Rupay credit cards to UPI apps and make credit card payments directly via UPI. Not only does this expand payment options, but it also opens up a world of cashback opportunities.
How to earn cashback with Rupay credit card for UPI: A step-by-step guide
Let’s take a look at how you can start earning cashback with your Rupay credit card linked to UPI.
Step 1: Ensure You Have a Rupay Credit Card
First, you need to have a Rupay credit card issued by a bank or financial institution. Many leading Indian banks, such as SBI, HDFC Bank, ICICI Bank, and Axis Bank, offer Rupay credit cards. If you don’t have one yet, visit your bank’s website or branch to apply for a Rupay credit card. Once your card is approved, you’re ready to start earning cashback.
Rahul, for example, already had a Rupay credit card from his bank, which allowed him to move on to the next step easily.
Step 2: Link Your Rupay Credit Card to a UPI App
The next step is to link your Rupay credit card to a UPI app, such as Google Pay, PhonePe, or Paytm. Here’s how Rahul did it:
- Open your UPI app: Rahul opened his Google Pay app on his phone.
- Go to the ‘Add Card’ option: He navigated to the payment settings and selected the option to add a new credit card.
- Enter card details: Rahul entered his Rupay credit card number, expiration date, CVV, and other required information.
- Verification: The app sent a one-time password (OTP) to his registered mobile number for verification.
- Link card: Once verified, his Rupay credit card was successfully linked to his UPI account.
Tip: Make sure the UPI app you use supports Rupay credit cards for UPI transactions. The integration is relatively new, so check for compatibility with your preferred app.
Step 3: Use Rupay Credit Card for UPI Transactions
With his Rupay credit card linked to UPI, Rahul was ready to start using it for payments. Instead of using his bank account or debit card for UPI transactions, he could now choose to make payments directly from his credit card via UPI.
Here’s how Rahul used it:
- At the grocery store: While paying for his groceries at a local store, Rahul opened his UPI app, scanned the QR code, and selected his Rupay credit card as the payment method.
- Online shopping: Rahul also used his Rupay credit card for UPI payments on online shopping sites like Flipkart and Amazon, earning cashback on every purchase.
- Dining out: When splitting the bill with his friends at a restaurant, Rahul used his Rupay credit card for UPI to pay his share, earning additional rewards.
Step 4: Maximize Cashback Offers
One of the key benefits of using a Rupay credit card for UPI is the ability to earn cashback on your everyday purchases. Different banks and financial institutions offer varying cashback rates and promotional offers, so it’s important to keep an eye on these deals to maximize your rewards.
Rahul’s bank offered him 1.5% cashback on all UPI transactions made with his Rupay credit card. Additionally, during special promotions, he earned up to 5% cashback on online shopping and dining. Here are a few tips to help you maximize your cashback:
- Stay updated on promotions: Banks often run cashback promotions during festive seasons or special events. Rahul kept an eye on his bank’s notifications and newsletters to take advantage of higher cashback offers.
- Use for regular expenses: Rahul made sure to use his Rupay credit card for routine expenses like groceries, fuel, dining, and bill payments. By doing this, he earned consistent cashback on transactions he would have made anyway.
- Track your cashback: Most UPI apps and credit card statements show you how much cashback you’ve earned. Rahul regularly checked his credit card statement to see how much cashback he had accumulated.
Step 5: Pay Off Your Credit Card Bill on Time
While earning cashback is great, it’s important to remember that using a credit card comes with the responsibility of timely repayment. Rahul made sure to pay off his Rupay credit card bill in full every month to avoid interest charges. If you carry forward a balance or miss payments, the interest and late fees could outweigh the benefits of the cashback you’ve earned.
Rahul set up automatic payments through his bank account, ensuring that his credit card dues were cleared on time without any hassle.
Related Read: UPI Credit Cards: A breakthrough in India’s digital payments landscape
Advantages of using Rupay credit card for UPI transactions
- Earn Cashback on Every Transaction
One of the biggest advantages of using a Rupay credit card for UPI is the cashback rewards. Whether you’re shopping online, paying bills, or dining out, you can earn a percentage of your spending back. - Flexibility in Payments
With the integration of Rupay credit cards and UPI, you have the flexibility to use your credit card for a wider range of transactions, including those that traditionally required a bank account or debit card. - No Need for Physical Cards
Once your Rupay credit card is linked to UPI, there’s no need to carry the physical card with you. Rahul found this feature especially useful when he was out for a quick meal or at a local store where he didn’t have his wallet but could still make payments via UPI. - Improved Security
Using UPI with your Rupay credit card adds an extra layer of security to your transactions. Since the payment is done via UPI, Rahul didn’t need to share his credit card details directly with merchants, reducing the risk of fraud.
Recommend Read: How to maximize credit card rewards: Tips and tricks
Conclusion
Earning cashback with Rupay credit cards for UPI transactions is a fantastic way to make your everyday spending more rewarding. Just like Rahul, you can enjoy the convenience of UPI while earning cashback on routine purchases, all while ensuring that your credit card payments are made on time. With the growing adoption of this feature across India, now’s the perfect time to maximize your rewards and enjoy the best of both worlds: the flexibility of UPI and the perks of a credit card.
FAQs
- How can I earn cashback with Rupay credit card for UPI?
To earn cashback, you need to link your Rupay credit card to a UPI app that supports this feature. Once linked, you can use your credit card for UPI transactions and earn cashback based on the offers provided by your bank. - Which UPI apps support Rupay credit cards?
Popular UPI apps like Google Pay, PhonePe, and Paytm are gradually rolling out support for Rupay credit cards. However, it’s best to check with your app to confirm compatibility. - What is the cashback percentage offered on Rupay credit card for UPI transactions?
Cashback percentages vary depending on the bank and the specific credit card. Typically, cashback ranges from 1% to 5%, with higher cashback available during special promotions. - Are there any fees associated with using a Rupay credit card for UPI?
Most UPI transactions with Rupay credit cards are free, but it’s important to check with your bank for any associated charges, such as convenience fees or service charges. - Can I use my Rupay credit card for UPI transactions at offline stores?
Yes, you can use your Rupay credit card for UPI transactions at offline stores by scanning the store’s QR code and selecting your linked credit card as the payment method.
