6 Best RuPay Credit Cards for Cashback on UPI

After the RBI allowed RuPay credit cards to be linked with UPI, their popularity has soared. Nearly every bank in India now offers them, either as pre-approved options or alongside existing Visa and Mastercard variants. Too many options can make selecting the best RuPay credit card challenging.

To help, I’ve compiled a list of the best RuPay credit cards in India specifically for UPI payments, focusing on those that offer the highest cashback on every transaction. But before you proceed, you may want to know the reasons why you should link your RuPay credit card with UPI.

1. HDFC Tata Neu Infinity Credit Card

HDFC Bank launched the Tata Neu RuPay credit cards in partnership with Tata’s Tata Neu platform in August 2022. The HDFC Tata Neu Infinity credit card quickly became the top RuPay card on the market, and my personal favourite, offering a flat 1.5% cashback on UPI payments.

Recently, the cashback structure changed. You now receive 1.5% cashback when paying via UPI through the Tata Neu app, and 0.5% cashback when using other UPI apps like PhonePe, Cred, or GPay. Cashback is credited to your Tata Neu app as NeuCoins, with each coin valued at one rupee. You can use these coins to purchase items like groceries, electronics, and fashion on participating Tata websites.

Beyond UPI rewards, the HDFC Tata Neu Infinity credit card offers 10% cashback for spending on Tata websites via the Tata Neu app (including a 5% discount with NeuPass membership). It also provides 1.5% NeuCoins on all other online and offline purchases, excluding specific categories. Additionally, cardholders enjoy access to 8 domestic and 4 international airport lounges annually.

2. HDFC Tata Neu Plus Credit Card

The HDFC Tata Neu Plus card offers similar features to the Infinity card, but with reduced rewards and fees. UPI payments made through the Tata Neu app earn 1% cashback as NeuCoins, while payments made through other UPI apps earn 0.25% cashback after a recent revision.

Additionally, you’ll receive up to 7% cashback (2% base + 5% additional via NeuPass membership) on certain purchases from partner Tata brands using the Tata Neu app. Note that reward points for grocery transactions are capped at 1,000 per month. Currently, transactions for bill payment, Tanishq, Cult.fit, Air India, and Tata Play are not eligible for the additional 5% NeuCoins via NeuPass membership.

The HDFC Tata Neu Plus card also offers 4 complimentary domestic lounge visits per year. Other benefits include 1% cashback as NeuCoins on all non-EMI and EMI transactions.

3. Myntra Kotak RuPay Credit Card

The Myntra Kotak RuPay Credit Card, designed for frequent Myntra shoppers, offers a 7.5% instant discount (up to ₹750 per transaction) on Myntra purchases and a 5% discount on preferred partners. It also provides an unlimited 1.25% cashback on UPI and most other spends.

However, the 1.25% cashback is only valid for transactions equal to or more than ₹2000, and it does not apply to rent, fuel, education, wallet recharges, EMI transactions, or cash advances.

Cardholders receive two PVR tickets (worth ₹250 each) upon spending ₹50,000 per calendar quarter. If you can’t access the HDFC Tata Neu Infinity card, the Kotak Myntra card is a solid alternative for Myntra enthusiasts.

Personally, I own both cards. I prefer using my Tata Neu Infinity for UPI payments within the Tata Neu app, but for UPI payments on other apps like PhonePe, I opt for the Myntra Kotak card for its cashback benefits.

4. Edge CSB Bank RuPay Credit Card

Remember Jupiter, the neobank app that partnered with Federal Bank to open digital accounts? Now, in partnership with CSB Bank, they offer the Edge RuPay credit card as a lifetime free option.

This card boasts one of the highest cashback rates for UPI spends – 2%. You can choose any category each month to earn this 2% cashback rate. Spending in other categories, including online purchases and UPI transactions outside the chosen category, will earn 0.4% cashback, or 1% after reaching a spending milestone of ₹30,000 in a billing cycle.

To earn cashback, UPI payments must be made through the Jupiter app itself. The card also offers a ₹250 welcome voucher from brands like Amazon and Flipkart. So, while the Edge RuPay card offers enticing rewards, be sure to check its cashback plans to understand how it pays you back.

5. IndusInd Platinum RuPay Credit Card

The IndusInd Platinum is a truly lifetime free RuPay credit card that offers 2 reward points for every ₹100 spent on UPI transactions. Each reward point is valued at ₹0.35 when redeemed for cashback, making the reward rate 0.7% for UPI transactions. While not the highest, it’s quite a good return on a free credit card.

You can also redeem rewards for InterMiles, Vistara Club points, and discounts and offers on the Indus Moments platform, which give you a marginally higher redemption rate of 1.2%.

The card comes with complimentary personal air accident insurance coverage of up to ₹25 lakh and also offers free travel insurance if the tickets are booked using this card. The insurance covers a range of travel-related incidents, including lost baggage, delayed baggage, loss of passport, lost ticket, and missed connections.

6. PNB RuPay Select Credit Card

PNB RuPay Select is not primarily a UPI cashback card, but it does offer rewards in a more comprehensive way. It comes with a ₹500 joining fee and provides 300 bonus reward points as a welcome benefit. PNB states there’s a ₹750 annual fee, but this can be waived by using the card at least once per quarter.

The credit card earns you 2 Reward Points (worth ₹0.5 each) for every ₹150 spent, resulting in a reward rate of 0.67% on both UPI and non-UPI transactions.

It offers complimentary international lounge access twice a year and domestic lounge access eight times a year. Additionally, the card grants you access to the RuPay Select program, where you can enjoy services like spa treatments, lounge access, golf programs, health checkups, gym access, concierge services, and more.

Which is the Best Overall RuPay Credit Card for UPI?

If you’re looking to maximize your cashback on UPI payments, the HDFC Tata Neu Infinity Credit Card is a clear winner, offering a sweet 1.5% cashback when you use the Tata Neu app, and a still respectable 0.5% cashback through other UPI apps. However, if you’re a die-hard Myntra fan or prefer a card that lets you pick and choose where you earn cashback, then the Myntra Kotak RuPay Credit Card and Edge CSB Bank RuPay Credit Card are worth checking out.

Here’s a summary of the maximum cashback on UPI for the mentioned RuPay Credit Cards:

Credit Card	Maximum Cashback on UPI Payments
HDFC TataNeu Infinity RuPay	1.5%
HDFC TataNeu Plus RuPay	1%
Myntra Kotak RuPay	1.25% (for txns above ₹2000)
Edge CSB RuPay	2% (on the chosen category)
IndusInd Edge Platinum RuPay	0.7%
PNB RuPay Select	0.67%

Ultimately, the best RuPay card for you will depend on your personal spending habits and preferences. I’ve personally had great experiences with the HDFC Tata Neu Infinity (upgraded from the Tata Neu Plus) and Myntra Kotak RuPay, but everyone’s different. I also have RuPay credit cards from Yes Bank, AU Bank (InstaPay), and Bank of Baroda (BOB Easy RuPay), which I use less often for specific purposes.

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