What is RuPay Credit Card? Benefits, Types, and How to Apply

Thinking about getting a credit card but want to use an Indian payment network? RuPay Credit Cards might be a good fit for you! Created by the National Payments Corporation of India for Indian users, RuPay offers a secure and easy way to shop and manage your money.
This guide will explain everything you need to know about RuPay Credit Cards, including how to get one, the benefits they offer, and the different types available. We’ll also cover how to apply, who can qualify, and answer any questions you might have. Without waiting further, let’s jump right into it.

What is a RuPay Credit Card?

RuPay is India’s own payment network, named by combining “rupee” and “payment.” Launched in India in 2012, these cards are a domestic alternative to international credit card networks. Issued by Indian banks, RuPay cards function similarly to traditional credit cards – you can make purchases and borrow money against a credit limit, with repayment expected later.

But unlike international cards, RuPay transactions are processed within India’s own National Payments Corporation of India (NPCI) network, potentially leading to faster processing and lower fees. On top of that, RuPay credit cards now work with India’s UPI system. This means you can easily pay at nearby stores without needing to swipe your card or rely on a credit card machine.

Types of RuPay Credit Cards

RuPay offers a range of credit cards to cater to different needs and spending habits. Here’s a breakdown of the primary types of RuPay Credit Cards:

• A
  

  RuPay Classic Credit Card

  The RuPay Classic Credit Card is an entry point into the world of RuPay credit cards, offering a balance of affordability and benefits. Targeted towards everyday spenders, it typically comes with a lower annual fee compared to premium RuPay cards. While specific rewards programs may vary depending on the issuing bank, the RuPay Classic Card generally focuses on exclusive merchant offers and discounts at partner stores and online retailers. This makes it a good option for those looking for a card to maximise savings on regular purchases without the need for high spending thresholds or complex reward structures.

• B
  

  RuPay Platinum Credit Cards

  Designed for those who seek more than the basic features, RuPay Platinum Credit Cards offer a range of benefits and rewards to elevate your shopping experience. These cards often come with reward points programs that can be redeemed for cashback, discounts, or travel vouchers. You might also enjoy exclusive privileges like airport lounge access, complimentary travel insurance, and special offers with partner merchants. On the security front, RuPay Platinum Cards typically feature EMV chip technology for enhanced transaction security. Overall, a RuPay Platinum Credit Card provides a well-rounded package for spenders who value convenience, rewards, and peace of mind.

• C
  

  RuPay Select Credit Card

  Designed for a premium lifestyle, the RuPay Select Credit Card caters to those who appreciate the finer things. Cardholders enjoy a variety of exclusive benefits that go beyond rewards points. Depending on the issuing bank, these perks can include spa memberships for relaxation and rejuvenation, complimentary subscriptions to popular OTT platforms for entertainment on-demand, and comprehensive insurance coverage for peace of mind. Some banks might even offer access to exclusive golf programs, perfect for unwinding after a busy week. These are just a few examples, and the specific benefits can vary depending on the issuing bank.

• D
  

  RuPay MSME Credit Card

  The Ministry of Micro, Small, and Medium Enterprises (MSME), in partnership with the National Payment Corporation of India (NPCI), launched the MSME RuPay Credit Card across India, initially as a pilot program for Udyam registered MSMEs.This card is tailored for MSMEs, enabling a range of business transactions such as digital payments, utility bill payments, and tax settlements, offering a convenient tool for managing these expenses. Additionally, the card provides benefits like airport lounge access, accident insurance coverage, air accident insurance, and coverage for baggage loss.

How To Apply for a RuPay Credit Card?

Here’s a step-by-step guide on How to apply for a RuPay credit card:

1. Visit the Website

   Head over to the official website of the bank offering RuPay credit cards you’re interested in (like SBI, PNB, HDFC). You can also visit the official RuPay Card website for a general overview.

2. Choose Your Card

   Browse the available RuPay credit card options and pick the one that best suits your needs. Consider the benefits and features offered by each card type.

3. Check Eligibility

   Before applying, make sure you meet the eligibility criteria set by the bank. This typically includes being at least 18 years old, having a stable income, and maintaining a good credit score.

4. Fill Out the Application

   Look for the online application form and fill it out with your personal, professional, and financial details as required. Be sure to provide accurate information.

5. Submit Your Documents

   The application process might require you to upload specific documents like proof of identity, address, and income. Follow the bank’s instructions carefully for submission.

   Here are some common document types you might need (specific requirements may vary by bank):

   • Proof of Identity (POI) Passport, PAN Card, Voter’s ID Card, Driving License
   • Proof of Address (POA) Utility bills (electricity, water, phone), Rental agreement, Passport

   Optional Documents:

   • Income Proof (Salary/Self-Employed)Salary slips, Income Tax Return (ITR) documents, Bank statements reflecting income
   • Employer details (if salaried) Company ID card, Salary account details
   • Business ownership documents (if self-employed) Business registration certificate, Income tax reports

6. Wait for Approval

   The bank will review your application and assess your creditworthiness. Processing times can range from a few days to a few weeks.

7. Receive Your Card

   Once your application is verified and approved, the bank will process it and send your RuPay credit card to your registered address within a specified period (usually 10-15 business days).

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Benefits of RuPay Credit Cards

Uses of RuPay Credit Card

RuPay credit cards offer a variety of features that make them handy for many everyday transactions. ere are the primary uses of RuPay credit cards:

1. 
   

   Shop Online Securely

   Use your RuPay credit card to pay for products and services on popular online stores. It’s a safe and convenient way to shop from the comfort of your home.

2. 
   

   Pay at Stores

   RuPay cards are widely accepted at shops across India. Whether you’re buying groceries, clothes, or electronics, simply swipe or tap your card at the checkout counter.

3. 
   

   Manage Bills Easily

   Pay your utility bills like electricity, water, gas, and phone with your RuPay credit card. This helps manage your monthly expenses through a single payment method.

4. 
   

   Travel with Benefits

   Book flights, trains, and hotels with your RuPay credit card. You might even get perks like travel insurance, airport lounge access, or discounts on bookings.

5. 
   

   Enjoy Dining and Entertainment

   Many RuPay cards offer exclusive discounts and deals at restaurants and other entertainment venues. You might even get cashback offers on movie tickets or other purchases.

6. 
   

   Access Cash

   If you need some quick cash, you can withdraw it from ATMs across India using your RuPay credit card. Keep in mind there might be interest charges on cash advances.

7. 
   

   Spread Out Payments

   Large purchases can be converted into manageable monthly instalments (EMIs) with your RuPay credit card. This helps you budget for big-ticket items by spreading the cost over time.

How to Select the Best RuPay Credit Cards

Choosing the best RuPay credit card isn’t a one-size-fits-all situation. Here’s a breakdown of key factors to consider when making your pick:

1. 1. Define Your Goals

   What do you want most from a credit card? Cashback rewards for everyday spending? Travel perks for frequent flyers? Or maybe a low interest rate for occasional borrowing? Knowing your priorities helps narrow down options.

2. 2. Track Your Spending

   Take a look at your spending patterns to see where your money goes. Many RuPay cards offer rewards or benefits tailored to specific categories like groceries, fuel, or dining. Choosing a card that complements your spending habits can maximise your rewards.

3. 3. Fees and Charges

   Don’t forget to consider annual fees and other charges associated with the card. Weigh these costs against the potential benefits like rewards, cashback, or discounts to ensure the card offers value.

4. 4. Credit Score and Limit

   Before applying, check your credit score and see which cards you might qualify for. Cards with higher credit limits can be useful for larger expenses, while lower limits can help manage spending.

5. 5. Interest Rates

   Pay attention to the interest rate, especially if you plan to carry a balance. Opt for a card with a low interest rate if you anticipate using the card for credit over time.

6. 6. Rewards and Benefits

   Explore the rewards programs offered by different cards. Cashback, travel miles, and other perks can vary. Choose a card with features that suit your lifestyle and provide benefits you’ll actually use.

7. 7. Redemption Options

   Understand how you can redeem your rewards. Some cards offer flexible redemption options, while others may have limitations. Choose a card with an easy and convenient redemption process.

8. 8. Billing Details

   Be aware of the card’s grace period and billing cycle. A longer grace period gives you more time to pay your balance in full and avoid interest charges.

9. 9. Extra Features

   Some RuPay cards offer additional perks like airport lounge access, insurance coverage, or concierge services. Consider these extras if they fit with your lifestyle and travel habits.

10. 10. Terms and Conditions

    It’s important to take a close look at the card’s terms and conditions before you apply. This includes things like late payment fees, any penalty charges, and any limitations on how you can use the card. Make sure you understand everything and feel comfortable with it before moving forward.

11. 11. RuPay Network

    Check how widely RuPay cards are accepted in the places you shop and travel. While widely accepted in India, international acceptance may be limited in some areas.

12. 12. Customer Service

    Consider the quality of customer support offered by the issuing bank. A helpful and responsive customer service team can be valuable if you encounter issues with your card.

13. 13. Compare Options

    Take some time to compare RuPay credit cards offered by different banks to find the best fit for your needs. Comparison websites and tools can help you make an informed decision.

14. 14. Seek Advice

    Consider talking to friends, family, or financial advisors who use RuPay cards. They may offer recommendations and insights based on their experience.

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Best RuPay Credit Cards of 2024

The RuPay credit card market has seen significant growth, offering a variety of options to suit different lifestyles and spending habits. Here are some of the top-rated Best RuPay credit cards in 2024:

1. 1. Edge CSB Bank RuPay Credit Card

   Kicking off our list is the Edge CSB Bank RuPay Credit Card on Jupiter, a no-frills option perfect for those seeking a free card with everyday rewards. This co-branded card boasts lifetime zero fees, including joining and annual charges. But where it truly shines is its cashback program. You can choose your preferred category – dining, shopping, or travel – and earn a flat 2% cashback on all spends within that category. Additionally, you’ll get 0.4% cashback on everything else you purchase, making it a well-rounded card for various spending habits.

   

2. 2. Bank of Baroda Premier RuPay Credit Card

   For those seeking a RuPay card with travel and dining rewards, the Bank of Baroda Premier RuPay Credit Card stands out. It offers you 5X reward points on spends in these categories, translating to faster accumulation of points for redemptions. This, combined with complimentary airport lounge access every quarter, caters to individuals who enjoy a premium lifestyle and frequent travel. However, it’s important to consider the annual fee and weigh it against your spending habits to determine if the rewards program justifies the cost.

   

3. 3. Federal Bank RuPay Signet Credit Card

   For value-conscious spenders in India, the Federal Bank RuPay Signet Credit Card offers a compelling combination of rewards and affordability. Boasting the lowest APR in its category, starting at just 5.88%, it can significantly reduce your interest charges. Additionally, the card’s “bespoke 3-2-1 rewards structure” caters to daily needs, awarding you 3x reward points on healthcare and groceries, 2x points on utility bills, and 1x points on other spending categories. This translates to bonus points on everyday essentials, while the complimentary Big Basket vouchers on quarterly spends add another layer of savings for grocery shoppers.

   

4. 4. IDFC First Power RuPay Select Credit Card

   For budget-conscious spenders who prioritise convenience, the IDFC First Power RuPay Select Credit Card offers an attractive package. This card comes with a low annual fee (often waived with minimum spends) and avoids foreign transaction markup charges, making it a great option for those occasional international purchases. While it doesn’t have category-specific rewards programs like some rivals, it offers a baseline rewards rate on all purchases, allowing you to accumulate points for future redemptions on your favourite products.

   

5. 5. Indian Oil HDFC Bank Credit Card

   Next up on our list is the IndianOil HDFC Bank Credit Card, a great option for drivers who frequent IndianOil petrol pumps. This co-branded card offers a fuel surcharge waiver and the chance to earn up to 50 litres of free fuel annually through its reward program. You’ll accumulate points on everyday purchases, with accelerated points earned for spending at IndianOil stations, on groceries, and for bill payments. While it does carry an annual fee, the potential fuel savings and rewards program can be particularly attractive for high-mileage drivers.

   

6. 6. Tata Neu Infinity HDFC Bank Credit Card

   If you’re a frequent shopper at Tata Neu or a loyal customer of Tata brands, the Tata Neu Infinity HDFC Bank Credit Card might be your perfect match. This card rewards you with NeuCoins, which can be redeemed for future purchases across the Tata ecosystem, on everything from groceries at BigBasket to jewellery from Tanishq. You’ll earn a generous 5% back in NeuCoins on non-EMI transactions at Tata Neu and partner brands, making it a great way to maximise your savings within the Tata network. While it offers a lower base reward rate for non-Tata purchases, the card can still be interesting for those who frequently shop at Tata stores and can leverage the bonus NeuPass rewards for additional savings.

   

7. 7. ICICI Coral RuPay Credit Card

   The ICICI Coral RuPay Credit Card is a solid option for those seeking an entry-level card with well-rounded benefits. It targets new cardholders or those building credit with a reasonable annual fee. This card offers a reward rate of 2 reward points for every ₹200 spent on most purchases, translating to good value for everyday spending. You’ll also enjoy complimentary airport and railway lounge access each quarter, along with discounts on movie tickets. While it may not have the most premium features, the ICICI Coral RuPay Credit Card strikes a good balance between affordability and valuable rewards for budget-conscious consumers.

   

8. 8. PNB RuPay Select Credit Card

   For those seeking a feature-rich RuPay card, the PNB RuPay Select Credit Card might be a good choice. With its rewards program, you’ll earn bonus points on everyday shopping, especially on retail purchases. Beyond rewards, the card boasts complimentary access to airport lounges, cashback offers on various categories, and comprehensive insurance coverage. While there’s a minimum joining fee, the annual fee can be waived by making a transaction each quarter, making it a budget-friendly option for those who can utilise the card regularly.

   

9. 9. HDFC MoneyBack+ RuPay Credit Card

   If you’re looking for a RuPay card that rewards everyday spending, the HDFC MoneyBack+ RuPay Credit Card is a strong contender. It offers a flat cashback rate on all your purchases, with bonus rewards for online transactions. This card also caters to foodies with exclusive dining discounts through the Good Food Trail program and Swiggy Dineout. While it may not have category-specific rewards like some other cards, the HDFC MoneyBack+ RuPay Credit Card’s straightforward cashback approach and focus on everyday purchases make it a well-rounded option for budget-conscious spenders.

   

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