Imagine the convenience of being able to use your credit card on your UPI app anywhere on the go. While this is just one of the many benefits that a RuPay credit card has to offer, there are several other features which can make this card your first choice if you are looking for a suitable credit card. Launched by NPCI (National Payment Corporation of India), the RuPay card aims to create a domestic payment network which offers a convenient payment service in the country which is also cost-effective.
How does a RuPay credit card work?
Like other payment channels, RuPay provides a domestic network for card payments in India regulated by NPCI. It provides a streamlined, secured, and affordable payment solution to the cardholder across the country and abroad. IDFC FIRST Bank offers FIRST Digital RuPay Credit Cards which can be used on any UPI app to pay at merchants and shops that accept UPI QR codes. To access the UPI services, all you need to do is integrate the credit card with your UPI mobile app and get going.
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What are the benefits of a RuPay credit card?
Let’s explore the benefits of a RuPay credit card, taking the IDFC FIRST Bank Digital RuPay Credit Card as an example.
1. Interest-free period
The interest-free period is a grace period that IDFC FIRST Bank RuPay credit card customers can take advantage of for 48 days, depending on the date of transaction and statement date. Do note that this interest-free period would not be applicable if the previous month’s statement balance has not been cleared in full on or by the due date.
2. Widespread acceptance
An often-underestimated strength of the RuPay credit card is its acceptance across a vast network of merchants. From local vendors to global establishments, RuPay is gradually establishing itself as a preferred mode of payment. The FIRST Digital RuPay Credit Card is accepted at over 60 million merchants and outlets that use the UPI QR code. This widespread acceptance ensures that you can rely on your RuPay card for various transactions, enhancing its utility in your daily life.
3. Reward programs
RuPay understands the importance of rewarding its customers. IDFC FIRST Digital RuPay credit cards come equipped with enticing reward programs, offering up to 3X rewards on UPI payments above ₹2,000 and 1X reward for amounts below ₹2,000.
4. Convert UPI payments in EMIs
Managing your payments also becomes so much easier with the FIRST Digital RuPay Credit Card. You can convert your large UPI payments into easy EMIs and pay it without financial burdens.
How can you link your RuPay credit card with UPI?
Linking your FIRST Digital RuPay Credit Card with the Unified Payments Interface (UPI) is a seamless process. Follow these simple steps:
1. Open your preferred UPI app.
2. Go to the account section.
3. Select the IDFC FIRST Bank Credit Card option.
4. Set your UPI pin and you’re good to go! .
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What are the transaction limits of RuPay credit cards on UPI?
You can use your RuPay card on UPI to make a payment of up to ₹1 lakh per day. For specific merchants, this limit can be extended to ₹2 lakhs.
However, you cannot use RuPay credit cards to send money to individual UPI accounts such as friends and families or other accounts that have integrated RuPay credit cards with UPI. Asking cash in lieu of a UPI payment through the RuPay credit card is also not allowed at any kiosk or shop.
From cost-effective transactions to enhanced security features, RuPay has positioned itself as a formidable payment service system. Focusing on digital innovation and ssecurity features, RuPay has positioned itself as a formidable payment service system. Focusing on digital innovation and streamlined payments, IDFC FIRST Bank offers a smooth integration of the RuPay card with UPI.
