Kotak UPI RuPay Credit Card vs RBL Bank MoneyTap Black 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

* Get 2 Reward Points for every Rs. 100 spent on all purchases such as travel, groceries, dining and electricity bill
* Avail 5X Reward Points i.e. 10 Reward Points for every Rs. 100 spent online, up to 500 Reward Points in a month
* Monthly Benefit: Earn 1000 Reward Points every month on making at least 5 transactions of Rs. 1000 or more
* Get 10% discount on movie bookings on bookmyshow, up to Rs. 100, any day of the week, 15 times in a year
* Complimentary access to domestic airport lounges, up to 1 visit per calendar quarter
* Earn 8000 Reward Points on annual online spends of Rs. 2.5 lakh
* Earn additional 8000 Reward Points on crossing annual online spends of Rs. 4 lakh
* Fuel Surcharge Waiver at all fuel stations. This is valid for fuel transactions between Rs. 500 and Rs. 4,000. The maximum waiver of Rs. 100 per month

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
* Movies and Monthly Rewards along with Airport Lounge Access
* Earn Accelerated Reward Points on online spends benefits
* Earn up to 16000 Reward Points on Annual Spend milestone

Cons
* No golf benefits
* No airmiles