The Kiwi UPI Credit Card is a unique financial product offered through a partnership between the Kiwi App, Yes Bank, and AU Small Finance Bank. This card is designed for seamless integration with UPI, allowing users to make payments by scanning QR codes at both online and offline merchants.

Key Features and Benefits:

  • Direct Cashback: Unlike other cards that offer reward points, Kiwi provides cashback directly as an amount credited to the user’s Kiwi app.
  • Flexible Credit Limits: Based on your credit profile, approval limits can range from ₹20,000 to ₹2,00,000.
  • Interest-Free Period: Users enjoy an interest-free period of 45 to 50 days.
  • UPI Integration: The card allows for UPI payments at any merchant, making it highly versatile for everyday transactions.

Cashback Details:

  • The cashback percentage varies depending on the type of transaction and membership level
  • The total cashback you can earn is capped at 1% of your total approved credit limit
Transaction TypeCashback Percentage
Standard CashbackOffline (QR Scan) 1.5% to 5%
Online (e.g., Flipkart/Amazon)Only 0.5%

Fees and Charges:

One of the most attractive aspects of the Kiwi card is its low fee structure

  • Joining Fee: ₹0
  • Annual Fee: ₹0

Interest Rates: If the balance is not paid within the interest-free period, rates range from 3.6% to 3.8% per month, with an Annual Percentage Rate (APR) potentially reaching up to 52%

  • Kiwi Neon Membership: To unlock higher cashback (up to 5%) and benefits like 3 free airport lounge accesses per year, there is a membership fee of approximately ₹1,000 per year.

Eligibility Criteria:

  • Age: 21 to 60 years.
  • Income: Minimum monthly income of ₹25,000.
  • Credit Score: Ideally 720+, though 750+ significantly improves approval chances.
  • Employment: Open to both salaried and self-employed individuals.

Required Documents:

  • Mandatory: PAN Card and Aadhaar Card.
  • Income Proof: 6 months of bank statements (may be required).
  • Self-Employed: May need to submit ITR copies.

Important Disclaimer:

The information above is based on the Kiwi app’s Play Store description, official website, and user experience. It is highly recommended to consult a financial advisor and thoroughly read the terms and conditions on the official Kiwi website before applying.

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