KIWI : The Most Rewarding UPI Credit Card

Alphadhan.com

12/9/20243 min read

Kiwi Yes Bank Credit Card: A Comprehensive Review

The Kiwi Yes Bank credit card offers impressive cashback benefits, making it a standout choice for those who frequently use UPI payments. One of its most attractive features is the 2% to 5% real cashback on scan and pay transactions. What's more, the cashback is directly transferred to your bank account upon redemption, with no need for a closed or proprietary wallet like Tata Neu. Unlike Jupiter, which has restrictions, Kiwi allows you to transfer cashback to any bank account of your choice.

Reward System and Neon Subscription

The base reward structure is straightforward and generous. For UPI spends, you earn 4 Kiwis for every transaction, which equals 1% cashback, and for non-UPI spends, you earn 2 Kiwis, amounting to 0.5% cashback. But it gets even better if you opt for the Neon subscription. The first-year Neon subscription is free for applications made until December 31, 2024, and it's an optional upgrade that users can choose to opt-out of from the second year onward.

Under the Neon plan, the benefits grow significantly. You'll earn 2% cashback on UPI transactions and 0.5% cashback on non-UPI spends. But that's not all—if you spend more than Rs. 50,000 in a year, you'll unlock 3% cashback on all UPI transactions and receive a domestic airport lounge access voucher. Spend over Rs. 1 lakh, and you'll earn 4% cashback along with an additional lounge voucher. Reach Rs. 1.5 lakh, and you'll enjoy 5% cashback and one more lounge voucher. These milestones are a great incentive for frequent users.

Cashback Milestones and Limits

The Kiwi Yes Bank credit card is designed to reward users as they reach spending milestones. When you surpass Rs. 50,000 in total spends (both UPI and non-UPI), you’ll start earning 3% cashback on all UPI transactions that were previously earning only 2%. Similarly, reaching higher milestones will ensure that you earn more cashback across the board.

The card has a minimum transaction value of Rs. 50 to earn cashback, and the maximum cashback you can earn in a calendar month is up to 1% of your credit limit. This cap is more than generous when compared to other cards like Tata Neu Infinity, making it a highly rewarding option.

Additional Benefits

The Kiwi Yes Bank credit card comes with other perks like eligibility for instant discount offers from Yes Bank partners, such as Amazon, Swiggy, and more. Additionally, Kiwi provides exclusive discounts on platforms like Zepto, Zomato, and Swiggy, giving you the benefit of both Yes Bank and Kiwi-specific offers. It’s also worth noting that the card is Lifetime Free (LTF), which is a rare and valuable feature, as many credit cards come with annual fees.

Exclusions and Categories for Cashback

As with most credit cards, certain categories are excluded from earning cashback. These include fuel, jewelry, wallet loads, insurance, education, rent, utilities, telecom, government payments, TV cable services, and EMI transactions. Keep this in mind when using the card, as these transactions won’t contribute to your cashback or milestone goals.

Kiwi App Experience

The Kiwi app itself is another highlight. The user interface (UI) and user experience (UX) are top-notch, offering an intuitive design that is easy to navigate. In comparison, the Tata Neu app falls short in terms of both UI and UX, and while Jupiter’s app is decent, Kiwi’s app stands out as the best in terms of overall usability.

Surprise Cashback on Regular UPI Spends

One of the most pleasant surprises has been the cashback I receive on regular UPI spends made through the Kiwi app. Although the amounts are small, they add up over time and provide a nice bonus on top of regular cashback. This is a feature I’ve come to really appreciate, as it rewards everyday transactions, not just credit card payments.

Negatives

There have been a couple of instances where I didn't receive cashback on merchant transactions, but I've earned Kiwis on 99% of my purchases.

It's great for only one year because Neon is free for the first year only, if you apply for the card by December 31st.

There is a cap on the monthly cashback of 1% of your card limit. For example, if your virtual card limit is 1 lakh, you can earn a maximum of 1000 per month.

Final Thoughts

The Kiwi Yes Bank credit card is a highly rewarding choice for those who regularly use UPI payments. With its attractive cashback rates, milestone-based rewards, and additional discounts on various platforms, it offers significant value. The first-year free Neon subscription is a great bonus, and the seamless cashback transfer to any bank account makes it even more convenient. If you’re looking for a card that combines both convenience and generous rewards, the Kiwi Yes Bank credit card should definitely be on your radar.

KIWI UPI CREDIT CARD

Most Rewarding UPI Card

blue and white striped round textile
blue and white striped round textile