Fintech credit cards rarely manage to stand out in a competitive market, but the Kiwi RuPay Credit Card, issued in partnership with Yes Bank, does just that. Designed for frequent UPI users, this card has the potential to make your UPI payments more rewarding. With a standard earn rate of 1% and up to 5% cashback on UPI transactions through its Neon subscription program, the Kiwi RuPay Credit Card offers exceptional value. In this review, we’ll explore why this card is a compelling choice for anyone with substantial UPI spending habits. This review is for the Axis Bank co-branded Kiwi credit card.
Eligibility
- CIBIL Score: 750+
- Age: 21 – 60 years
- Customer should not already have Kiwi Axis credit card or a Yes Bank credit card
Fees
| Joining Fee | NIL – LTF Card |
| Welcome Benefit | None |
| Annual Fee | NIL – LTF Card |
| Renewal Benefit | None |
Rewards
- Earning Rate: Earn 2 Kiwis for every ₹50 spent on UPI transactions using the Kiwi RuPay credit card.
- Value of Kiwis: 1 Kiwi = 25 paise (redeemable for statement credit).
- Effective Cashback: 1% cashback on eligible UPI spends.
- Cashback Cap: Limited to 1% of the total credit limit.
- Exclusions: No Kiwis earned on spends for telecom, utilities, jewelry, fuel, rent, insurance, education, and government services.
The 1% cashback on UPI spends might not seem impressive compared to cards like the Snapdeal BoB Card or the Tata Neu Infinity HDFC Bank Credit Card, which offer similar or better rewards. However, the standout feature of the Kiwi RuPay Credit Card is its Neon subscription program, which provides accelerated cashback for meeting specific UPI spend targets.
Kiwi RuPay Credit Card Neon Subscription
The Kiwi Neon is an annual subscription program offering enhanced rewards for select users conducting UPI transactions through the Kiwi app. Here’s what you need to know:
Key Details:
- Subscription Fee: Rs 999 annually (waived for credit cards issued via the Kiwi app between July 1, 2024, and December 31, 2024, if subscribed within 15 days of linking the card).
- Base Earn Rate: 2%
- Milestone rewards:
- Spend Rs 50,000 to earn 3% cashback + 1 airport lounge access.
- Spend Rs 1,00,000 to earn 4% cashback + 1 airport lounge access.
- Spend Rs 1,50,000 to earn 5% cashback + 1 airport lounge access.
These are annual spend milestones. Once you reach a spend of Rs 1.5 Lakh after enrolling in the Kiwi Neon subscription, you will continue to earn 5% cashback on both your previous UPI transactions as well as all future spends.
Additional Information:
- Milestone rewards are credited 30 days after the month’s end. Base 2% Kiwi rewards are earned as soon as we do the transaction.
- Refunds and certain categories (e.g., telecom, utilities, jewelry, rent, insurance and government services) are excluded from rewards eligibility.
Conclusion
If you make frequent UPI payments, the Kiwi RuPay credit card is a must-have, especially if you can hit the Rs 1.5 Lakh spend target. The 5% cashback will easily cover the Rs 999 fee for the Neon subscription. The Kiwi onboarding process is seamless, and UPI payments are smooth as well. With the Kiwi app and credit card combo, you get an exceptional experience paired with great rewards.
Kiwi RuPay Credit Card
