Kotak UPI RuPay Credit Card vs HDFC Bank Biz First Credit Card

• The Kotak UPI RuPay Credit Card is issued entirely in digital form. No physical card is provided
• Card details are automatically registered under the Credit Card section of Kotak Mobile Banking after issuance
• The card can be connected with supported UPI applications and used for eligible merchant payments after setting a UPI PIN
• It is designed primarily for merchant UPI transactions. Credit cards linked to UPI generally cannot be used for person-to-person transfers, cash withdrawals or other transactions restricted under RuPay and NPCI rules
• Cardholders earn 3 Kotak Reward Points for every Rs. 100 spent on eligible transactions
• Reward points can be earned on both qualifying UPI purchases and regular card transactions completed virtually
• Regular virtual-card spending includes eligible online, e-commerce and international transactions
• Under standard non-cash redemption options, every 1,000 reward points are worth Rs. 100. This means one reward point ordinarily provides a value of Rs. 0.10
• A minimum of 1,000 reward points is required for redemption against regular options such as products, vouchers, recharge, movies or travel
• With effect from June 1, 2025, cash redemption provides a lower value of Rs. 0.07 per reward point
• Cash redemption requires at least 2,000 reward points
• Reward points may be redeemed through Kotak Rewards for mobile recharges, products, brand vouchers, movies, travel and other options available in the rewards catalogue
• Utility payments earn points only on spending of up to Rs. 35,000 in a statement cycle. Utility spending above this limit does not earn reward points
• Reward points are not earned on rent, fuel, railway, wallet-loading, EMI, education or balance-transfer transactions
• Insurance, government payments and online skill-based gaming transactions are also excluded from earning reward points
• Spending in excluded categories does not count towards any applicable milestone benefit
• The card has no joining fee and no annual renewal fee, making it lifetime free without any minimum-spending requirement
• Applicants must be at least 18 years old and must already hold an eligible Kotak Bank credit card

• Up to 55 days Interest Free Credit Period
• Earn cashpoints on your everyday Business spends:

A. 3% CashPoints on EMI Spends (Earn Maximum 1,000 CashPoints/Calendar month)

B. 2% CashPoints on Utility bills, Electronics, SmartPay & Payzapp transactions (Earn Maximum 500 CashPoints/Calendar month)

C. 1% CashPoints on all other spends including UPI spends (Earn Maximum 500 CashPoints/Calendar month) 

• Additional Benefit for your Business: Make GST payment using Business Credit Card:  

A. Pay Income Tax/ Advance Tax using Business Credit Card

B. SmartBuy BizDeals:  Avail up to 40% savings on Business travel and software purchase on smartbuy.hdfcbank.com/business  

C. Business Travel Benefits via MMT MyBiz :  

- 4% off on Flights and Hotels booking.

- Discounted Fares, Free Meal & Seat Selection, Low Fees for Cancellation   

D. Business Productivity Tools via – Nuclei :  

-  Instant discount on Business Software such as Google Workspace, Tally Prime, AWS, Microsoft Azure & more  

- Get GST Invoice for availing Input Tax Credit  

• Make UPI Payments using the RuPay Biz First Credit Card and enjoy 1% Cash Point benefits
• Card Activation Benefit: Obtain Gift voucher worth Rs. 250 on making one transaction on the Biz First Credit card within first 37 days of card issuance. Voucher is redeemable on top brands like Amazon, Swiggy, and more 
• Milestone Benefits:

A. Get 2000 CashPoints every quarter on your quarterly spends of Rs. 75,000 & above

• Get 1% fuel surcharge waiver at all fuel stations in India on minimum transaction of Rs. 400 and maximum transaction of Rs. 5000
• Dining Benefits: Avail up to 20% savings on all restaurant bill payments with Swiggy Dineout on paying via Swiggy App using the card (20k + restaurants)
• Avail up to 5% Cash Back on travel/online shopping on SmartBuy
• SmartPay: SmartPay is an automatic payment facility available on the Credit Card to pay utility bills. Get assured cashback up to Rs. 1800 in the first year and exciting e-vouchers worth up to Rs. 800 for adding 2 or more bills on Smart Pay
• HDFC Bank Biz First Credit Card provides the option to convert big spends into EMI after purchase
• Easy EMI: Choose EMI option for large online or in-store purchases using the Biz First Credit Card and avail easy repayments using Easy EMI.
• Zero Lost card liability
• Business Insurance Benefit: Avail Business Insurance package starting at an annual premium of Rs. 3,785 which includes the following:

A. Fire & Burglary insurance for Shop up to Rs. 5 lakhs

B. Cash in Safe/Transit up to Rs. 25,000

C. Electronic Equipment insurance excluding terrorism up to Rs. 50,000

D. Hospital Cash: Accident only amount payable per day up to Rs. 1000

E. Hospital Cash: Illness only amount payable per day up to Rs. 1000

F. Cardholders have the option to choose higher Business Insurance cover as per their Business need

Pros

• Lifetime free with no joining or renewal fee
• Supports merchant UPI payments through compatible UPI apps
• Earns rewards on eligible UPI and regular card transactions
• Instantly accessible as a virtual card through Kotak Mobile Banking
• Reward points can be redeemed for vouchers, shopping, travel, movies and recharges

Cons

• Available only to existing Kotak credit-card holders
• No physical credit card is issued
• Low effective reward rate of approximately 0.30% on regular redemptions
• No rewards on fuel, rent, EMI, education, wallet loading and several other categories
• No complimentary lounge access or fuel-surcharge waiver

Pros

• Earn cashpoints on your everyday Business spends
• Avail up to 5% Cash Back on travel/online shopping on SmartBuy
• Avail Business Insurance package starting at an annual premium of Rs. 3,785

Cons

• No movie benefits
• No golf benefits
• No international and domestic lounge access