At a time when most credit cards are reducing their rewards, the Kredit.Pe Yes Bank Ace Credit Card feels like a welcome change. Launched in September 2024, it’s a lifetime free RuPay credit card that offers something rare — 2% unlimited cashback on UPI payments.
That’s a big deal, especially since very few credit cards reward UPI spending anymore. This card is one of the first major tie-ups between a fintech company (Kredit.Pe) and a traditional bank (Yes Bank) to offer such a benefit.
If you regularly use UPI for things like groceries, bill payments, or mobile recharges, this card can genuinely save you money. It’s simple to use, rewarding, and made for the way we spend today — fast, digital, and contactless.
This credit card comes with no joining and annual fees and no hidden charges whatsoever – a great card to have in your wallet even for occasional use or for your daily UPI spends. And a lifetime free card with tangible Rs. 1000 cashback on activation is really unheard of before.
Only salaried individuals currently being approved; application through Kredit.Pe app or invite.
Unlike most co-branded cards that limit cashback to specific categories or come with confusing terms, this one offers a flat 2% cashback on all UPI transactions. That’s rare, especially for a card that doesn’t ask for a security deposit.
The cashback system is straightforward, and the rewards platform has plenty of useful options—whether you want to redeem for lifestyle spends or utility bills. You also earn extra points on regular card swipes, which adds more value.
This card is perfect for:
Apply for your Kredit.Pe Card here: https://www.kredit.pe/invite/x39
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That’s a big deal, especially since very few credit cards reward UPI spending anymore. This card is one of the first major tie-ups between a fintech company (Kredit.Pe) and a traditional bank (Yes Bank) to offer such a benefit.
If you regularly use UPI for things like groceries, bill payments, or mobile recharges, this card can genuinely save you money. It’s simple to use, rewarding, and made for the way we spend today — fast, digital, and contactless.
Charges & Welcome Benefits
Details | Charges |
|---|---|
Joining Fee | ₹0 (Lifetime Free) |
Welcome Benefit | ₹1000 Kredit.Pe Cashback on activation + UPI linking |
Annual Fees | ₹0 (No renewal charges ever) |
Add-on Card Fees | ₹0 |
This credit card comes with no joining and annual fees and no hidden charges whatsoever – a great card to have in your wallet even for occasional use or for your daily UPI spends. And a lifetime free card with tangible Rs. 1000 cashback on activation is really unheard of before.
Reward Rate
| Spend Type | Reward Rate |
|---|---|
| UPI Spends via Kredit.Pe App | 2% Unlimited Cashback from Kredit.Pe |
| Online Shopping (card swipe) | 8 Reward Points per ₹200 from Yes Bank |
| Offline Shopping (card swipe) | 4 Reward Points per ₹200 from Yes Bank |
| Utilities, Insurance, Government Services | 2 Reward Points per ₹200 from Yes Bank |
Reward Redemption
1. Kredit.Pe Cashback Redemption
Kredit.Pe cashback can be used to get instant discounts on top brands. Cashback cannot be withdrawn to a bank account. Kredit.Pe plans to introduce 9% FD, Digigold, and more cashback usage options soon.Store Type | Discount Using Cashback | Available Vouchers/Products |
|---|---|---|
6% Store | 6% Off | Amazon Pay, Flipkart, Tanishq |
12% Store | 12% Off | Swiggy, Zepto, Zomato, MakeMyTrip, Uber, FirstCry |
24% Store | 24% Off | PVR, Domino’s, Amazon Prime, MMT Hotels |
60-100% Store | Up to 100% Off | SonyLiv, OTTPlay, Swiggy One |
Utility Bill Payments | ₹10 cashback redemption limit per bill | Applicable on selected utility services |
2. Yes Bank Reward Points Redemption
Redemption Platform | Options Available | Conversion Rate |
|---|---|---|
YES Rewardz Portal | Vouchers, Air Miles | 10 Reward Points = ₹1 |
Other Benefits
- Fuel Surcharge Waiver: 1% on ₹400–₹5000 fuel spends
- Forex Markup: Discounted rate of 2.75% + GST
Eligibility
| Criteria | Requirement |
|---|---|
| Age | 18+ |
| Income | ₹25,000/month minimum |
| CIBIL Score | 720+ |
| Residency | Indian resident |
TechnoFino Opinion
If you're looking for a hassle-free credit card that gives real savings on your daily spending, the Kredit.Pe Yes Bank Ace Credit Card is a solid choice—and it doesn’t cost a thing to own.Unlike most co-branded cards that limit cashback to specific categories or come with confusing terms, this one offers a flat 2% cashback on all UPI transactions. That’s rare, especially for a card that doesn’t ask for a security deposit.
The cashback system is straightforward, and the rewards platform has plenty of useful options—whether you want to redeem for lifestyle spends or utility bills. You also earn extra points on regular card swipes, which adds more value.
This card is perfect for:
- Young professionals or salaried individuals
- Anyone who pays for groceries, food, bills, or recharges via UPI
- People who prefer simple, instant cashback over complicated reward programs
Apply for your Kredit.Pe Card here: https://www.kredit.pe/invite/x39
#sponsored
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