Looking for a UPI credit card without reward limit

[maynigam]

Hello guys.

I know Tata Neu Infinity is the best UPI credit card but it gives 1.5% returns only up to 500 rupees.
I need to pay a 2.5L to a merchant via upi. Can you please suggest the best option? Willing to apply for a new card as well

Thanks in advance

 

[s1t2y3a3m6]

Hello guys.

I know Tata Neu Infinity is the best UPI credit card but it gives 1.5% returns only up to 500 rupees.
I need to pay a 2.5L to a merchant via upi. Can you please suggest the best option? Willing to apply for a new card as well

Thanks in advance

A irtel axis

 

[Bhauka23]

Hello guys.

I know Tata Neu Infinity is the best UPI credit card but it gives 1.5% returns only up to 500 rupees.
I need to pay a 2.5L to a merchant via upi. Can you please suggest the best option? Willing to apply for a new card as well

Thanks in advance

Kiwi with neon subscription will give 5%

 

[RewardHunter]

Kiwi with neon subscription will give 5%

What is the limit on reward point per statement/per transaction for it?

 

[maynigam]

than

A irtel axis

Thanks. It seems to give 1% no capping

 

[maynigam]

Kiwi with neon subscription will give 5%

I have applied for Kiwi, its under process... But there is a reward limit of 1% of credit limit. Can you explain the calculation of this? Is the limit on kiwis or actual cashback ? suppose my limit is 5L, how much is the capping on returns?

 

[maynigam]

Other cards that I have found

1. Coral Rupay - 0.5% plus 500 on spending 2L. So I get 1700
3. Kotak Myntra Rupay - 1.23%. So I get 3000

Hopefully I get a good limit on Kiwi!

 

[Hemang]

I have applied for Kiwi, its under process... But there is a reward limit of 1% of credit limit. Can you explain the calculation of this? Is the limit on kiwis or actual cashback ? suppose my limit is 5L, how much is the capping on returns?

I have a limit of 4 lac on kiwi card yes bank. So 1% of this would be Rs 4000 maximum cashback per statement cycle. So in my case i have not taken neon membership, so 1.5% cashback on merchant UPI transactions would be 1.5% of x = Rs 4000
So it comes out to be Rs 2,66,666 in a statement cycle spends would bring me to the capping of Rs 4000 cashback, if we translate it into kiwis it would be 4 times of the cashback. (16000 kiwis).

 

[Shubham1221]

Other cards that I have found

1. Coral Rupay - 0.5% plus 500 on spending 2L. So I get 1700
3. Kotak Myntra Rupay - 1.23%. So I get 3000

Hopefully I get a good limit on Kiwi!

On kiwi cashback limit is 1 percent of card limit per month but it doesn't apply on milestone. Suppose you have 2 lakh limit and you paid 1.5 lakh by upi scan and pay then you instantly get cashback of 2000 and remaining get credited as milestone amount ( 5 percent of 1.5 lakh is 7500 so you will get 5500 as milestone because kiwi provide 5 percent on achieving 1.5 lakh milestone). So don't worry about cashback limit per month till you are able to complete the milestone.

 

[maynigam]

I have a limit of 4 lac on kiwi card yes bank. So 1% of this would be Rs 4000 maximum cashback per statement cycle. So in my case i have not taken neon membership, so 1.5% cashback on merchant UPI transactions would be 1.5% of x = Rs 4000
So it comes out to be Rs 2,66,666 in a statement cycle spends would bring me to the capping of Rs 4000 cashback, if we translate it into kiwis it would be 4 times of the cashback. (16000 kiwis).

Okay. That makes sense!

On kiwi cashback limit is 1 percent of card limit per month but it doesn't apply on milestone. Suppose you have 2 lakh limit and you paid 1.5 lakh by upi scan and pay then you instantly get cashback of 2000 and remaining get credited as milestone amount ( 5 percent of 1.5 lakh is 7500 so you will get 5500 as milestone because kiwi provide 5 percent on achieving 1.5 lakh milestone). So don't worry about cashback limit per month till you are able to complete the milestone.

That is interesting! so this means I don't need to worry about capping. Can you please provide reference for this info?

 

[Shubham1221]

Okay. That makes sense!

That is interesting! so this means I don't need to worry about capping. Can you please provide reference for this info?

I have kiwi card with 30k limit and i have experienced it. I am attaching 2 image one with monthly cashback limit reached and one with milestone complete.

 

[Hemang]

I have kiwi card with 30k limit and i have experienced it. I am attaching 2 image one with monthly cashback limit reached and one with milestone complete.

So 1% limit is not applicable on neon membership bhai ?

 

[maynigam]

I have kiwi card with 30k limit and i have experienced it. I am attaching 2 image one with monthly cashback limit reached and one with milestone complete.

thanks a lot for your help!

 

[Shubham1221]

So 1% limit is not applicable on neon membership bhai ?

It's applicable but it get counted toward the milestone so instead of instant cashback you will get it as milestone cashback.

 

[Mr. X]

Airtel -1%
Myntra 1.25%