Unified Payment Interface (UPI) is the most preferred payment in India. It was launched by the National Payments Corporation of India in 2016. Since its launch, the payments through UPI have grown multifold. In September 2023, the total number of UPI transactions grew 41.4% in one year from 11.16 lakh crore to 15.79 lakh crores. To add to this, with the increasing trend of credit cards and credit spending, the government has introduced the linking of RuPay credit cards to UPI.
You can link your RuPay credit card to UPI apps such as Jupiter Money, Google Pay, BHIM UPI, PhonePe, and Paytm. In this article, we have covered in detail how to link your credit card to UPI and how to make payments through it.
Since UPI is the most favoured payment method for cashless transactions, the National Payments Corporation of India has allowed users to link their credit cards to their UPI app to make payments. Let’s see the process of linking credit cards to different UPI apps.
Here’s how to link Credit card on different payment apps
To link your credit card to Jupiter Money, follow the steps below.
You will be directed to a new tab. Here, you have to select your card. Make sure your card is linked to the same mobile number that you use for your Jupiter App.
Jupiter will fetch your card details if you have any existing RuPay card with the option you selected in the previous step.
Do you want to get a RuPay Credit Card from Jupiter?
Join the waitlist here: https://jupiter.money/edge-upi-credit-card/
To link your RuPay credit card to the BHIM UPI app, follow the steps below.
The app will directly fetch your RuPay Credit Card details.
You will receive an OTP for verification.
After verification is done, set your UPI PIN for the card.
Now, you can start using your credit card to make payments through the BHIM UPI app.
To link your RuPay credit card to the Paytm app, follow the steps below.
Paytm will automatically fetch the details of your RuPay credit card.
After verification, set the UPI PIN and start using your credit card to make payments through the Paytm UPI app. You can also add money to your Paytm wallet through a credit card.
To link your RuPay credit card to the Google Pay app, follow the steps below.
You will be directed to your profile, where you can set up a payment method.
The Google Pay app will find your credit card and fetch its details.
Once you see your card, please select it and verify it by entering the details asked and then entering an OTP.
After verification, you can activate the card and start using it to make UPI payments.
To link your RuPay credit card to PhonePe, follow the steps below.
Scroll down on the home screen to the ‘Payment Methods’ section.
Then, the PhonePe app will automatically fetch your card details linked to your mobile number.
Once you have linked your credit card to your UPI app, making payment is very simple. To make the payment through your RuPay credit card, follow the steps below.
Scan the QR code or enter the phone number or UPI ID to which you have to make the payment.
Enter the amount that you have paid.
Then, select your RuPay credit card and enter the PIN to process the transaction.
By linking credit cards to UPI, the users will benefit in the following ways:
Convenience: Paying for transactions using credit cards by scanning QR codes through UPI makes payments convenient.
Economical: Merchants using UPI for their business need not worry about credit card fees as the payments will be received through UPI, making it economical for them.
Rewards: UPI will enable higher usage of credit cards. With this, the rewards and cashback will also increase.
Risk elimination: Linking credit cards can eliminate the risk of using physical cards. With two-factor association and biometric lock, credit card transactions will become safer than ever.
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Only RuPay credit cards can be linked to UPI. Visa and Master Card credit cards can’t be linked to UPI. Moreover, at present, only credit cards from a few banks have this facility.
At present, only RuPay-based credit cards work with UPI. VISA, MasterCard and Amex credit cards are yet to be live on the UPI infrastructure.
Only RuPay credit cards of eight banks are live with UPI, and they are Punjab National Bank, Union Bank, Indian Bank, HDFC Bank, Canara Bank, Axis Bank, Kotak Mahindra Bank, and BFSL.
There is no limit on the number of transactions that can be carried through UPI using your credit card.
The maximum limit per card per day is Rs 1 lakh, and Rs 2 lakh in case of some special merchant category codes (MCC). However, the actual limit will be limited to the credit limit on your card.
UPI apps will not charge any fee for linking or carrying out transactions using credit cards.