Linking RuPay credit card to UPI

In the ever-evolving landscape of digital transactions, the integration of various payment platforms has become important for seamless financial operations through UPI (Unified Payment Interface). The option to link RuPay credit cards to UPI is another step that NPCI has added to offer convenience and flexibility to UPI users. This integration not only enhances the versatility of RuPay credit cards but also simplifies transactions with wider payment inclusion across the country. Read on to understand how to link your credit card with UPI, and the benefits this interface offers. 

Why should you link your RuPay credit card with UPI?
  

• Enhanced convenience: 

Linking your RuPay credit card to UPI lets you make everyday UPI payments on credit, both large and small. It eliminates the need to enter credit card details and OTPs, as well as carrying a physical credit card, thereby simplifying the payment process significantly.

• Wider acceptance: 

By enabling UPI functionality on your RuPay credit card, you gain access to a vast network of merchants and service providers that accept UPI payments. This expands your purchasing capabilities, allowing you to utilise your credit card for transactions where UPI is the preferred mode of payment.

• Security and fraud protection: 

UPI employs advanced security measures and encryptions to safeguard transactions. By utilising UPI with your RuPay credit card, you benefit from these robust security features, mitigating the risks associated with online transactions.

• Reward points and cashback: 

Many banks offer attractive discounts and cashback for transactions made through UPI. By linking your RuPay credit card to UPI, you can capitalise on these incentives, maximising the value of your credit card.

How to link your credit card with UPI?
 

Linking your RuPay Credit Card to UPI is a straightforward process. Follow these steps to initiate the integration:

• Open your UPI-enabled banking app: 

Launch the mobile banking application provided by your bank that supports the UPI functionality.

• Select 'Add/Link Account': 

Go to the option for adding or linking a new account within the app. This is typically found in the settings or profile section.

• Choose 'Credit Card': 

From the list of available account types, select 'Credit Card' as the account you wish to link.

• Enter card details: 

Input the requisite details of your RuPay credit card, including the card number, expiry date, and CVV.

• Verify and authenticate: 

Follow the on-screen prompts to verify your identity and authenticate the linking process. This may involve entering an OTP (one-time password) sent to your registered mobile number.

• Set your UPI PIN: 

Once the linking process is complete, set a UPI PIN to secure your transactions. This PIN will be required to authorise any payments or fund transfers initiated through UPI.

• Confirmation: 

Upon successful completion, you will receive a confirmation message indicating that your RuPay credit card has been successfully linked to UPI.

Can you link a non-RuPay credit card with UPI?
 

Currently, UPI integration is primarily available for RuPay credit cards. While some banks may offer support for linking other types of credit cards to UPI in the future, the functionality is limited to RuPay credit cards at present. Therefore, if you possess a non-RuPay credit card, you may not be able to link it directly to UPI for transactions.

If you own one of IDFC FIRST Bank Credit Cards or are applying for new one, such as the FIRST Classic, FIRST WOW!, FIRST Millennia, FIRST Wealth, FIRST Private or FIRST SWYP, you can get a virtual RuPay Credit Card, called FIRST Digital credit card, instantly at a joining and annual fee of Rs 199 + GST.

This virtual RuPay Credit Card, linked to your non-RuPay credit card, can be used for making UPI transactions.

What are the transactional limitations of UPI credit cards?
 

While linking your RuPay credit card to UPI offers numerous benefits, it's essential to be aware of certain transactional limitations:

• Daily transaction limits: 

NPCI imposes a daily transaction limit for UPI transactions, and you can pay a maximum of ₹1 lakh using this facility. For some merchant codes, this limit can go up to ₹2 lakhs.

• Merchant acceptance: 

The utility of your RuPay credit card on UPI may be restricted to specific vendors or platforms. RuPay credit cards do not support the direct transfer of funds to individual UPI accounts, such as those belonging to friends and family or other accounts linked with RuPay credit cards on the UPI platform. Additionally, these do not permit you to send money to peer-to-peer merchant (P2PM) accounts with incoming UPI transactions of less than ₹50,000, including transactions with small shops and street food vendors.

• Cash withdrawals: 

Unlike debit cards, it is prohibited to request cash in exchange for UPI payments via RuPay cards at any kiosk or retail outlet and credit cards linked to UPI typically do not allow cash withdrawals from ATMs or cashback facilities.

IDFC FIRST Bank credit cards are UPI-ready: Know how to maximise your benefits
 

IDFC FIRST Bank offers 6 credit cards that are equipped with the UPI integration facility, allowing you to seamlessly use your credit card with any UPI platform. This includes FIRST Classic, FIRST Millennia, FIRST WOW!, FIRST Select, FIRST Wealth, FIRST Private.

The virtual card – called the FIRST Digital RuPay Credit Card - can be activated online using the mobile app and paying a joining fee of ₹199 and annual fee of ₹199 thereafter. Here are some notable benefits:

• Reward programs: 

Take advantage of the reward programs offered by IDFC FIRST Bank credit cards for transactions conducted through UPI. Earn up to 3X reward points on all eligible purchases of ₹2000 and 1X reward points for amounts below ₹2000. Redeem these points anytime to get additional discounts.

• Monitor transactions and convert to easy EMIs: 

Stay informed about the daily transactions and convert your UPI spendings into convenient EMIs to repay them without any hassles.

• Utilise additional features: 

Enjoy a completely digital card and additional features provided by your IDFC FIRST Bank Credit Card. These include 300+ offers every day of the week.

• Joining benefit: 

For a limited time, get 100% cashback worth up to Rs. 200 on your first 4 UPI transactions within 15 days of your digital card's generation. That's up to Rs. 50 cashback on each transaction.

Conclusion
 

Linking your RuPay credit card to UPI offers numerous benefits, ranging from enhanced convenience and security to access to a wider network of merchants. By following the simple steps outlined in this guide, you can seamlessly integrate your credit card with the UPI platform and unlock its full potential. As digital payment ecosystems continue to evolve, leveraging the integration between credit cards and UPI can prove to be rewarding and much more convenient.



 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.