Best Credit Card

All Benefits

  • Lifetime-free virtual RuPay credit card that links to any UPI app for scan-and-pay at merchant QR codes no physical card is issued
  • Earn 1% cashback on UPI transactions at eligible merchant categories Departmental Stores, Grocery Stores & Supermarkets, Restaurants & eating places / Dining, and Pharmacy on transactions of ₹200 or more, capped at ₹100 per statement cycle
  • Up to 50 days interest-free credit period

Fees

Joining Fee Not Applicable
Free
Lifetime Free
Annual Fee Not Applicable
Free
Lifetime Free

Eligibility

Age
21-60 years
Salary
₹25K / Month
Credit Score
720+

Bank Fee Structure

Forex Markup This is a virtual card for domestic UPI / QR transactions only and cannot be used for international or foreigncurrency spends
Not Applicable
Finance Charges (APR) Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid
3.75%
ATM Withdrawal Finance charges of 3.75% per month 45% per annum apply on unpaid outstanding balances until the amount is fully repaid
2.5%
Reward Redemption No fee is charged, cashback is auto-adjusted in the monthly statement
Not Applicable
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets
1%
Rent Payment No Rent payment fee is charged
Not Applicable
Cheque Payment A fee of 2% of the payment amount (minimum ₹500) is levied for cheque return, cheque dishonour, or autodebit reversal
2%
Cash Payment This is a virtual card managed through digital channels and does not offer a cash bill-payment facility
Not Applicable

Late Payment Charges

Amount dueFee
₹0 - ₹500₹0
₹501 - ₹1,000₹400
₹1,001 - ₹10,000₹750
₹10,001 - ₹25,000₹950
₹25,001 - ₹50,000₹1100
Above ₹50,000₹1300

Late payment charges of 15% of Total Amount Due are levied, subject to a minimum of ₹10 and a maximum of ₹1,300, when the minimum amount due is not paid by the payment due date

Reward Exclusions

any transaction below ₹200non-UPI transactions

Terms & Conditions

  • The bank may offer a different card variant based on your eligibility; please carefully review the features and benefits of the card offered before submitting your application
  • A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card, failing which you will not be eligible for rewards

Full charges and terms: Bank MITC / Terms