Private sector bank, Axis Bank and Flipkart Group’s Credit-First UPI Platform Super Money (Super Money) has launched RuPay Credit Card on Thursday. This credit card is available on India’s global card payment network Rupee, which provides customers the best rewards and cashback. Digital and physically available new RuPay Credit Card can be used through UPI, card POS terminal, online platform and ATM. This card provides 3% cashback in lieu of ‘scan and pay’ transactions made through the Super Money app for credit card transactions and 1% cashback in all other expenses categories.
Card’s main advantage
- Cardholder can get cashback up to ₹ 500 in every statement bicycle.
- This credit card is free for customers without any annual fee.
- This card has 1% fuel surcharge waived on fuel transactions ranging from ₹ 400 to ₹ 4,000, the maximum discount of which is ₹ 400 per statement bicycle.
Credit card users grow rapidly
The RBI figures show that 5.53 crore cards were in circulation in December 2019, while by the end of February 2025, their number increased to about 10.93 crore. This figure reflects the great increase in the use of credit cards over the years. Arnika Dixit, Chairman and Head – Cards, Payments and Wealth Management, Axis Bank said that AXIS Bank has a complete portfolio of credit cards and we continue to innovate in our service. We are raising partnerships to meet the new customer classes and their changing needs. Today we are happy that we are presenting credit cards in association with Super.money, which makes UPI payments possible through credit cards.
Latest business news