In recent years, the RuPay credit card has emerged as a game-changer in the Indian payment landscape. Launched by the National Payment Corporation of India (NPCI), this domestic payment network offers a seamless and cost-effective solution for transactions within the country and beyond. In this article, we’ll delve into the workings of the RuPay credit card, its benefits, and how you can maximize its potential.
How does a RuPay credit card work?
RuPay provides a domestic network for card payments in India, regulated by NPCI. IDFC FIRST Bank’s FIRST Digital RuPay Credit Cards, for instance, can be integrated with any UPI app, allowing users to make payments at merchants and shops accepting UPI QR codes. The simplicity of the process makes it an attractive option for those looking for a hassle-free payment solution.
Benefits of a RuPay credit card
- Interest-free period: IDFC FIRST Bank RuPay credit cardholders can enjoy a grace period of up to 48 days, depending on the transaction and statement dates.
- Widespread acceptance: With over 60 million merchants accepting the FIRST Digital RuPay Credit Card, it has become a preferred mode of payment, from local vendors to global establishments.
- Reward programs: RuPay doesn’t just facilitate transactions; it rewards its users. The IDFC FIRST Digital RuPay credit card offers enticing reward programs, including up to 3X rewards on UPI payments above ₹2,000.
- EMI conversion: Managing payments is made easier with the ability to convert large UPI payments into easy EMIs, providing financial flexibility to users.
Linking your RuPay credit card with UPI
The process of linking your FIRST Digital RuPay Credit Card with UPI is straightforward:
- Open your preferred UPI app.
- Navigate to the account section.
- Select the IDFC FIRST Bank Credit Card option.
- Set your UPI pin, and you’re ready to go!
Transaction limits on UPI
RuPay credit cardholders can make payments of up to ₹1 lakh per day using UPI. Some specific merchants may extend this limit to ₹2 lakhs. However, sending money to individual UPI accounts or receiving cash through RuPay credit cards is restricted.
From cost-effective transactions to enhanced security features, RuPay has positioned itself as a formidable payment service system. By focusing on digital innovation and streamlined payments, IDFC FIRST Bank ensures a smooth integration of the RuPay card with UPI, offering users a reliable and efficient payment solution.
