Kotak UPI RuPay Credit Card vs SBI Miles 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

• As a Welcome Benefit, get 1,500 Travel Credits. The 1,500 Travel Credits will get credited on spends of Rs. 30,000 within 60 days of card issuance. Travel Credits will be credited on payment of joining fee
• Annual Fee waived off on annual spends of Rs. 6 Lakh or more in the preceding year
• Get 2 Travel Credits for every Rs. 200 spent on travel
• Get 1 Travel Credits for every Rs. 200 on all other spends
• You can convert the Travel Credits into Air Miles / Hotel Points, Travel Bookings or choose from a wide array of Catalogue Products
• Get 5,000 Bonus Travel Credits on reaching annual spends of Rs. 5 Lakh
• Get additional Domestic Lounge visit with every spend of Rs. 1 Lakh. Additional lounge visits, based on spend milestones, are capped at 8 visits in a membership year
• Avail a complimentary Priority Pass Membership worth $99 and get to access to 1000+ International Airport Lounges worldwide. Priority Pass Program is complimentary for the first 2 years
•  4 complimentary Domestic Airport Lounge visits every year (max. 2 visits per quarter)
• Low Foreign Currency Mark-up Charge of 3.00% on International usage
• 1% Fuel Surcharge Waiver across all petrol pumps. (GST extra as applicable)
• SBI Card MILES in over 24 million outlets across the globe, including 3,25,000 outlets in India
• With Flexipay, convert transactions in easy monthly installments. Just transact for Rs. 2,500 or more and contact the bank within 30 days of purchase to convert it into Flexipay
• Pay  electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility
• Get enhanced security against counterfeiting and skimming with the chip and pin enabled on the credit card
• Transfer the outstanding balance of other banks’ credit cards to SBI Miles Card, to avail a lower rate of interest and pay back in EMI

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

• Availing 5,000 Bonus Travel Credits on reaching annual spends of Rs. 5 Lakh
• Complimentary Priority Pass Membership worth $99 and get to access to 1000+ International Airport Lounges worldwide
•  4 complimentary Domestic Airport Lounge visits every year (max. 2 visits per quarter)

Cons

• No golf benefits
• No cashback benefits
• No movie or dining benefits