Kotak UPI RuPay Credit Card vs Samsung Axis Bank Signature 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 10% cashback on Samsung purchases, including on EMI transactions
* Get 10 EDGE REWARD POINTS on every Rs. 100 spent with the bank's preferred partners such as Bigbasket, Tata1mg, Urban Company, Myntra, and Zomato
* Avail 5 EDGE REWARD POINTS on every Rs. 100 spent on other domestic and international transactions
* 4 complimentary domestic airport lounge visits per calendar year
* Get a 1% fuel surcharge waiver at fuel stations in India. This is valid on transactions between Rs. 400 to Rs. 4000
* Get up to 15% off, up to Rs. 500, which can be availed once every month at 4000+ restaurants in India
* Easily convert transactions of Rs. 2500 or more into easy EMI
* Annual fee will be waived off on annual spends greater than Rs. 2,00,000
* Wednesday Delight Offer: Get up to 15% on flights and hotels via Goibibo and Makemytrip, 10% off on orders via Swiggy and Amazon Fresh, 10% off up to Rs. 1000 on Tira
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
* Get 10% cashback on Samsung purchases, including on EMI transactions
* 4 complimentary domestic airport lounge visits per calendar year
* Up to 15% off, up to Rs. 500, which can be availed once every month at 4000+ restaurants in India
Cons
* No golf benefits are provided
