Understanding UPI Credit Cards: Benefits, Features, and How to Apply

The way we manage our financial transactions has become so much easier with the advent of technology in various financial products like a credit card. The convenience of using credit cards is unmatched, and this has been enhanced further with the introduction of UPI credit cards. Earlier, credit cards and UPI could only be used as different services from the lenders. However, with the integration of UPI in credit cards, it has become simpler to carry out transactions online and offline. 

This post explores all the details on UPI credit cards and why you should consider getting one. 

UPI Credit Cards

UPI credit cards are credit cards with the only difference being they come integrated with UPI to offer greater convenience compared to regular credit cards. These cards are helpful when it comes to doing everyday transactions. This is because it helps you save your hard-earned money and benefit from exclusive deals and discounts offered by partner merchants. 

Benefits of UPI Credit Cards

Convenience: 

If you are looking for convenience regarding your everyday finances, UPI credit cards might be the best solution for you. With these cards, you can use a single credit card that uses UPI to make payments and complete transactions in seconds. It eliminates the need to carry several cards for utilising the benefits of deals or cashless transactions. 

Security: 

When we talk about security, UPI credit cards take centre stage. It is because these cards use strong security features where users can be sure that their information is safe and the payments are carried on with 100% security. It also helps in preventing any type of fraud and unauthorised access to your financial data. 

Rewards and Offers: 

UPI credit cards are known to offer a large range of rewards and perks to users. These can be earned when you shop for gadgets, appliances, groceries, online apparel, and more. These accumulated rewards can later be used to redeem cashback, thus saving you money. This makes UPI credit cards a rewarding choice for users looking to maximise their savings.

Flexibility:

You get overall flexibility with UPI credit cards. It means these cards allow users to switch between online and offline transactions. Whether shopping on online platforms or paying at a restaurant, users can rely on their UPI credit cards for a hassle-free payment experience adapting to various financial preferences.

Features of UPI Credit Cards

Seamless Integration: 

Today, with various UPI platforms available in the market, you can easily use your UPI credit cards with popular UPI mobile applications. This helps with hassle-free and streamlined payments on these platforms and other offline stores. Credit card users need to link their UPI ID with their credit card and start making payments for the best financial experience. With this feature, payments become much more convenient and faster. 

Contactless Payments: 

Contactless payments are the need of the hour. Today, many credit card issuers offer UPI credit cards with contactless payment feature. It means whenever you are in a store shopping when making a payment, just tap your credit card on the PoS machine and your payment is done in a few seconds. It ensures no delay in payment, and transactions are done with complete security. 

Real-time Tracking: 

If you need to keep track of your transactions now and then, UPI credit cards solve this problem. With these credit cards, you can easily track your transactions in real time. Using this, you can keep track of your spending and financial activities without any inaccuracy. Hence, this enhances the level of transparency between you and your lender. 

Enhanced Security: 

UPI credit cards prioritise protecting users’ financial information with advanced security features and protocols. They offer strong safeguards against unauthorised access, fraudulent activities, and data breaches using encryption technology, tokenization, and biometric authentication methods. These help reduce the risk of data theft during transactions. 

How to Apply for UPI Credit Cards

The application process for these credit cards is very simple and can be done in minutes. This is how you can get started with it:

When applying for credit cards, always check your credit card eligibility to apply for it. Check out the criteria on your preferred lender’s website. 

The next step is to choose the UPI credit card that suits you best and goes well with your financial situation and goals. 

Then, you will need to register yourself using your mobile number. Enter your number to get OTP.

Verify the OTP and complete the verification.

Enter the required details like PAN card, date of birth, name, etc, to proceed with the application. 

Also, keep a set of KYC documents ready, in case they need it. 

Complete the application form and click on submit. 

Once the lender receives your application form, they will contact you for further details.

Conclusion

UPI credit cards are a convenient, secure, and versatile payment method for users looking to streamline their financial transactions. It offers a wide range of benefits and rewards. 

UPI credit cards are becoming more popular among consumers across India, whether shopping online, dining out, or paying bills, UPI credit cards provide a hassle-free way to manage your finances and make payments in no time.