Base reward rate: Up to 3% cashback on UPI transactions, 1% cashback on all other eligible spends.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 0
Annual fee: 0
Pros
Offers an accelerated 3% cashback on all UPI transactions, a high-frequency spending category where most cards offer no rewards.
Completely free to own with ₹0 joining fee and ₹0 annual fee, making it a zero-cost card.
Features a simple and valuable redemption process where cashback is directly credited to the card account, eliminating the need to track points or navigate redemption portals.
Provides a 100% cashback welcome bonus of up to ₹500 on the first UPI transaction made on Flipkart.
Includes a 1% fuel surcharge waiver, saving up to ₹400 per month on fuel spends between ₹400 and ₹4,000.
Cons
The primary benefit of 3% UPI cashback is subject to monthly capping, which significantly limits the total rewards that can be earned.
Has an extensive list of excluded spending categories for cashback, including insurance, education, rent, and government services, reducing its value on major household expenses.
Carries a very high interest rate of 4.63% per month (55.55% p.a.), posing a significant risk for users who may revolve their balance.
Offers no lifestyle benefits such as dining discounts, airport lounge access, or complimentary subscriptions, which are sometimes available on other entry-level cards.
A high foreign currency markup of 3.50% makes the card expensive for any international transactions.
Best Use Case
Individuals seeking a no-fee cashback card, especially for UPI transactions.