Making UPI Payments with RuPay Credit Cards: A Step-by-Step Guide

Making payments through UPI has become a daily routine for many in India. From posh restaurants to street vendors, UPI has seamlessly integrated into our lives. While debit cards have embraced this change, what about credit cards? Can you use them for UPI payments too? This article breaks down the simple steps of making UPI payments with RuPay credit cards. Explore the simple process for a hassle-free payment experience.

What are UPI RuPay Credit Cards?

UPI, or Unified Payments Interface, simplifies financial transactions by consolidating multiple bank accounts into a single mobile app. Powering over 73% of non-cash retail payments in India, UPI facilitates diverse financial activities. The latest addition is the RuPay UPI credit card. Unlike earlier UPI setup is not limited to debit cards or bank accounts, you can now link your RuPay credit card for seamless payments.

This advancement was announced by the RBI in June 2022. Particularly beneficial for Tier 2 and 3 cities lacking extensive POS infrastructure, this development empowers users to make hassle-free UPI transactions through popular apps like Paytm, PhonePe, BHIM, MobiKwik, Google Pay, etc.

How to Enable RuPay Credit Card on UPI?

Enabling your RuPay credit card on UPI is a straightforward process. Follow these simple steps:

• Download a UPI app from the App Store or Google Play Store.
• Create or log in to your account.
• Navigate to the 'Bank Accounts' section.
• Choose 'credit card' from the provided options.
• Select your credit card issuing company.
• Pick the RuPay credit card and input the necessary details.
• Confirm, and your RuPay credit card is now successfully linked on UPI.

How to Make UPI Payments Using RuPay Credit Cards?

Making UPI Payments with RuPay Credit Cards is very simple, just follow these steps:

• Scan QR Code: Scan the QR code at the payment location using your UPI-enabled app.
• Enter Amount: Input the amount you wish to pay using your RuPay UPI credit card.
• Choose Account: Select your RuPay UPI credit card account as the payment source.
• Enter UPI PIN: Enter your UPI PIN securely to authorise the payment.
• Click 'Pay': Confirm the transaction by clicking 'Pay.'
• Confirmation: Receive a confirmation message, indicating your payment is successful. Enjoy the ease of making secure and quick payments with your RuPay credit card through UPI.

Advantages of Using UPI for Credit Card Transactions

Billions of transactions occur monthly on UPI. This method has transformed the mode of payment in the country. The days of struggling with loose notes and change are replaced by the simplicity of a credit card and a UPI app on your smartphone.

If you're uncertain about linking your credit card to UPI, consider these benefits:

No Physical Card Hassle: By linking your UPI to your credit card, you eliminate the need to carry the physical card. It reduces the risk of loss or misplacement of cards. Enjoy the convenience of digital transactions without the burden of carrying multiple cards.

Ease of Utility Payments: Seamlessly pay your day-to-day utility bills such as phone recharges and electricity through your UPI-linked credit card. This eliminates the hassle of entering credit card details repeatedly, streamlining your payment process for enhanced efficiency.

Enhanced Rewards and Offers: Actively using your credit card through UPI can improve your liquidity, earning you more points, cashback, discounts, and exclusive offers from your credit card provider. Maximise the benefits of your credit card transactions through UPI apps.

Effortless Payment Habits: Embrace a convenient payment habit by utilising a UPI application. Easily switch between different payment modes within the same app, eliminating the need to juggle between various applications. For example, if you reach your credit limit, seamlessly pay through your bank account.

Instant Transactions: No more hassles during financial transactions. Popular UPI applications have proven their efficiency in providing quick and instant transactions. Enjoy the speed and reliability of UPI, ensuring a seamless payment experience without unnecessary delays.

Efficient Transaction History Browsing: Keep track of your spending across multiple payment modes effortlessly by browsing integrated transaction history on UPI applications. Gain a comprehensive overview of your credit card and bank transactions, making it easier to manage your financial records.

Conclusion

The impact of UPI on our payment habits is undeniable. The integration of credit cards into the UPI ecosystem is reshaping the way we handle transactions. With this convenient change, the need for physical credit cards is gradually diminishing. To match the current trend, ensure your credit card is linked to your UPI for a seamless and modern payment experience. Now RuPay credit cards can be as versatile and easy to use as your favourite UPI app.

FAQs

1. Can I use my RuPay credit card for UPI payments?

   Yes, you can link your RuPay credit card to UPI apps like any other bank card and make payments seamlessly.

2. Are there any additional charges for using a RuPay credit card for UPI payments?

   Generally, there are no extra charges for using your RuPay credit card for UPI transactions. However, check with your bank for specific details.

3. Is it safe to link my RuPay credit card to UPI apps?

   Yes, it's safe to link your RuPay credit card to UPI apps. UPI transactions are secured with multi-layered encryption and authentication measures.

4. Can I earn rewards or cashback on UPI transactions made with my RuPay credit card?

   Yes, some banks offer rewards or cashback on UPI transactions made using RuPay credit cards, but it depends on the bank's policies.

5. Is there a limit on the amount I can spend through UPI using my RuPay credit card?

   The spending limit for UPI transactions using RuPay credit cards varies depending on your bank's terms and your credit limit. Check with your bank for specific details.

This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.