Base reward rate: 1.5% cashback on UPI Scan & Pay transactions
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 0
Annual fee: 0
Pros
Completely free for life with a ₹0 joining fee and ₹0 annual fee, making it a zero-cost card for earning rewards.
Offers a high reward rate of 1.5% as cashback on all UPI Scan & Pay transactions, a key benefit for a major digital spending category.
Features a simple and valuable redemption process where rewards are credited directly as cashback to the linked bank account, avoiding complex points systems.
Provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, saving up to ₹100 per statement cycle.
Earns 0.5% cashback on general online transactions, providing a baseline reward on a broad category of digital spends.
Cons
Excludes a wide range of essential spending categories from earning rewards, including fuel, rent, insurance, education, and all BBPS utility bill payments.
Offers no rewards on standard offline point-of-sale (POS) transactions, providing zero value for in-store card swipes.
All reward tracking and redemption is managed exclusively through the co-branded partner's Kiwi App, creating a dependency on a third-party platform.
Lacks any guaranteed welcome or milestone benefits; perks like lounge access are promotional and tied to a partner's paid 'Neon Membership', not a standard card feature.
Sets a higher minimum age requirement of 25 for self-employed applicants, compared to the industry standard of 21, limiting access for younger entrepreneurs.
Best Use Case
Consumers who frequently use UPI for payments and want a lifetime free cashback card.