RuPay Credit Card

About RuPay Credit Card

The RuPay credit card is a special card that uses India’s domestic electronic payment settlement system. It was conceived by the National Payments Corporation of India (NPCI) in 2012.

The card was launched as a domestic alternative to international payment networks such as Visa and Mastercard. RuPay offers a range of credit cards widely accepted at point-of-sale (PoS) machines and e-commerce websites within India and at several overseas locations. 

To make RuPay cards available to all and enable PIN-based transactions, NPCI has partnered with several major banking institutions in the country.

RuPay Card Meaning

RuPay credit card is coined from the two words ‘Rupee’ and ‘Payment’. It is not a card by itself but a payment system through which banks can issue either a debit or a credit card. 

Banks and issuers of credit and debit cards can choose RuPay as an option for payment systems. It is a secure electronic payment and settlement network for credit cards, debit cards and more.

Top RuPay Credit Cards in India

Types of RuPay Credit Cards

You can choose the RuPay credit card in three variants. These include RuPay Classic, RuPay Select and RuPay Platinum. Read on to learn more about each variant.

1. RuPay Classic Credit Card: This card by RuPay comes with some exclusive offers at a number of merchant terminals as well as online websites, such as:

• Personal accident insurance and permanent disability cover up to ₹1 Lakh

• Secured payments to avoid phishing attempts

• Exclusive merchant advantages

2. RuPay Select Credit Card: This category of credit cards is designed for frequent travellers. RuPay Select Credit Card comes with a number of exciting lifestyle benefits, including: 

• Exclusive offers from partner brands

• Complimentary airport lounge access

• Concierge services for dining out, travel, and entertainment 

• Access to accident insurance coverage of ₹10 Lakhs

• Free workout and meditation sessions at home and 15/30 days of a gym membership

3. RuPay Platinum Credit Card: The RuPay Platinum Credit Card has a range of welcome gifts from many brands. It also offers the following:

• Cashback on utility bill payments and dining

• Round-the-clock concierge assistance for travellers

• Exclusive merchant offers from partner brands and stores

• Personal accident cover of ₹2 Lakhs

Banks that offer Rupay Credit Cards

There has been a considerable rise in the number of card-issuing banks that have tied up with NPCI to launch new credit cards. The banks offering a RuPay Credit Card are as follows:

• Punjab National Bank 

• Canara Bank

• HDFC Bank 

• IDBI Bank 

• Co-op Bank 

• Central Bank of India

• Union Bank of India  

• Corporation Bank

• Vijaya Bank 

• Andhra Bank 

• Punjab & Maharashtra Bank 

• Saraswat Bank 

Benefits of RuPay Credit Cards

The key benefits of using a RuPay credit card are mentioned below:

1. Economical:

RuPay credit card is more economical than others because of its lower settlement costs. This is because all transactions completed through this payment system are cleared domestically.

2. Consumer-centric:

The products and services offered by RuPay are designed to suit the needs of Indian customers.

3. Comprehensive Services:

With a RuPay credit card, you can access a wide range of services, such as: 

• Banking transactions

• ATM services

• E-banking facilities and more

4. Safe Payment:

RuPay is more secure and safe to use for Indian customers as the transaction details and consumer data are not transferred overseas. 

In addition to this, you can safely make online transactions as a RuPay credit card carries RBI-mandated, two-tier authentication procedures. With RuPay, you can also get protection against credit card fraud.

Different RuPay Credit Card Offers

RuPay offers various credit card offers. They are as follows:

1. Offer: Up to 20% cashback at Indigo Airlines

Validity: 28th February 2023

2. Offer: Up to 20% off using RuPay cards at Tata 1mg

Validity: 28th February 2023

3. Offer: Up to 20% Instant Discount on MakeMyTrip

Validity: 31st March 2023

4. Offer: Flat 10% Instant discount up to ₹500/- on contactless transactions at Croma

Validity: 31st March 2023

5. Offer: 45% off annual subscription at WYNK Music

Validity: 30th June 2023

6. Offer: 35% off on total bill at FirstCry

Validity: 30th September 2023

How Does a RuPay Card Work?

RuPay credit card comes with an in-built microprocessor circuit that holds your information. 

These cards, developed by the NCPI, have an embedded EMV chip. This chip allows you to make all transactions of high or low value with absolute protection. 

This makes RuPay debit and credit cards exceptionally secure. RuPay, India’s homegrown card payment network, can be used at more than 1.5 Lakhs ATMs that operate on the National Financial Switch network. 

Moreover, you can swipe your RuPay card at more than 8.75 Lakhs sale terminals all over the country to directly make a purchase.

The RuPay credit card can also pay for products and services at over 10,000 web portals and websites. The NPCI has partnered with 29 of the biggest banks in India to allow PIN-based point-of-sale transactions at merchant outlets all over the country. 

RuPay Credit Cards Link with UPI

The RBI has proposed to link credit cards to UPI. RuPay, being a brainchild of the government-run NPCI, will be among the first card networks to integrate this functionality.

This will allow you to link your account with UPI with a RuPay credit card and make transactions seamless and convenient. This will expand your payment options considerably. 

However, it should be noted that this is not operational yet. It will be possible only after all systems have been developed efficiently.

Where are RuPay Credit Cards Accepted?

A RuPay credit card can be accepted for transactions at following payment destinations: 

• ATMs 

• Point-of-sale terminals

• Online shopping portals 

• IVR

Note that an international RuPay credit card can be used at domestic points of acceptance (within India) along with ICS partner acceptance points. These include: 

• Several international ATMs

• Online shopping portals

• Retail terminals

How to Get a RuPay Credit Card

You can get a RuPay credit card by applying for it online or offline with your bank. To apply for it offline, follow the given process:

• Visit the nearest branch of your bank

• Fill in the application form 

• Submit all the required documents like your Aadhar card, income proof, etc.

You can also apply for the RuPay credit card online by following the steps below: 

• Visit your bank’s official website

• Fill in the online application along with the required documents to get this card

Note that you must fulfil certain criteria related to age, income, etc. in order to be applicable to get a RuPay credit card.