How to Link Your Credit Card to UPI: A Step-by-Step Guide

The RBI recently announced that it would allow customers to link their Credit Cards to Unified Payments Interface (UPI) platforms. With this update, you can link your Credit Card to UPI and make payments to over 60 million merchants accepting UPI payments. 

This new rule is a major step towards boosting the adoption of digital payments in the country. Being able to access credit using UPI means you can pay for anything from a bag of chips to a swanky audio system quickly and conveniently. Say goodbye to entering your Credit Card details and OTPs. Just scan the merchant’s QR code or enter your UPI ID and you’re good to go.

Let's dive deeper into this latest update and learn how to link a Credit Card to UPI.

The need for this change

In India, UPI payments have become a popular payment method. However, UPI payments are deducted instantly from your bank account, while Credit Cards allow you to pay over time. As Credit Cards allow you to spend on credit, your purchasing power increases. Combined with rewards, Credit Cards make for a more favourable payment method for large purchases. 

Linking your Credit Card to UPI gives you the best of both worlds. You can now enjoy the convenience of UPI and the financial benefits of Credit Cards, such as rewards and interest-free credit for up to 45 days. 

How to link your RuPay Credit Card to UPI 

At present, you can only link RuPay Credit Cards to your UPI platforms. So, if you own a RuPay Credit Card, such as the IDFC FIRST Power or FIRST Power+ Credit Cards, here's how to link it to your UPI account. 

PhonePe
 

Linking your Credit Card to UPI on BHIM is easy: 

Step 1 - Open the BHIM UPI app 

Step 2 - Click on your account at the top left 

Step 3 - Select the + to add an account 

Step 4 - Select Credit Card

Step 5 - Choose the Credit Card issuing bank 

Step 6 - Select your RuPay Credit Card 

Step 7 - Confirm the card details 

Google Pay

Here's how to link your Credit Card to UPI on Google Pay - 

Step 1 - Open the Google Pay app 

Step 2 - Click on your account details at the top right 

Step 3 - Select 'Set up payment methods'

Step 4 - Select 'Add RuPay Credit Card on UPI'

Step 5 - Choose the Credit Card issuing bank 

Step 6 - Select your Rupay Credit Card 

Step 7 - Confirm the card details 

PayTM

Here's how to link your Credit Card to UPI on PayTM

Step 1 - Open the PayTM app 

Step 2 - Click on your account details at the top left 

Step 3 - Select 'UPI & Payment Settings'

Step 4 - Select 'Link RuPay Credit Card on Paytm UPI'

Step 5 - Choose the Credit Card issuing bank 

Step 6 - Select your Rupay Credit Card 

Step 7 - Confirm the card details 

Here's how you make Credit Card payments using your UPI platform after linking them. 

Credit Card payments via UPI

Once you have linked your Credit Card to one of your UPI apps, you can start paying through the app as you normally would. You can choose from scanning a QR code, entering a mobile number, or paying to another merchant UPI ID.

Remember to set up a UPI PIN before using your Credit Card on UPI. This ensures safety and ease of use. Here's how to set it up:

Step 1 - Click to view accounts 

Step 2 - Select from the available options 

Step 3 - Set UPI PIN 

Step 4 - UPI PIN is set successfully 

Once your Credit Card is linked and your PIN is set, you can make payments by following these steps - 

Step 1 - Scan any merchant UPI QR code 

Step 2 - Enter the amount or pay with an auto-fetched amount

Step 3 - Select your Credit Card

Step 4 - Enter UPI PIN and you are done

Benefits of linking your IDFC FIRST Bank Credit Card to UPI 

You can enjoy several benefits once you link your IDFC FIRST Bank Credit Card to UPI:

• With IDFC FIRST Power and Power+ RuPay Credit Cards, you enjoy the same rewards and benefits when you use them to pay via UPI
• Enjoy enhanced security and fraud protection 
  

In conclusion

Having the option of linking your Credit Card to UPI is a game changer. By doing so, you can make quick payments and transactions while enjoying the freedom of Credit Cards. UPI also provides a secure and hassle-free online payment method and allows you to keep track of your spending. Enjoy the convenience of online payments with IDFC FIRST Bank.

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.