Axis Bank Launches SuperMoney RuPay Credit Card

The rise of Unified Payments Interface (UPI) has revolutionised how India transacts. However, the convenience of UPI often comes without the reward points or cashback typically associated with credit card spending. Addressing this gap, Axis Bank has introduced the SuperMoney RuPay Credit Card, offering an attractive cashback proposition, especially on UPI payments.

Table of Contents

• Introduction to the Axis Bank SuperMoney RuPay Credit Card
• Key Features and Benefits
  • Cashback Structure
  • Other Perks
• Fees and Charges
• Is the Axis Bank SuperMoney RuPay Credit Card Worth It?
  • Pros and Cons
• How to Make the Most of the Card

Introduction to the Axis Bank SuperMoney RuPay Credit Card

The Axis Bank SuperMoney RuPay Credit Card is designed for individuals who frequently use UPI for their transactions. It aims to bring the benefits of credit card rewards to the UPI ecosystem, offering a straightforward cashback system.

Key Features and Benefits

The benefits include:

1. Cashback Structure

The primary allure of this card lies in its cashback offerings:

Transaction Type	Cashback Rate	Monthly Cap
UPI Transactions	3%	₹500
QR Transactions via SuperMoney Platform	3%	₹500
All Other Qualifying Spends	1%	₹500

• Important Note: Cashback is subject to the excluded categories. The total cashback across all categories is capped at ₹500 per monthly statement cycle.
• Cashback Credit: Earned cashback in a billing cycle is credited 3 days prior to the next statement generation date.

Cashback shall not be awarded for the following.

• Fuel
• Jewelry
• Cash Withdrawal
• Wallet Load
• Insurance
• Education
• Government Services
• Rent
• EMI Transactions

Want more options like this? Here’s a list of the best RuPay credit cards available for UPI users with detailed benefits.

2. Other Perks

Beyond the cashback, the cardholders can enjoy:

• Fuel Surcharge Waiver: A common but valuable benefit for those who spend on fuel.
• Exclusive Merchant Offers: Potential for additional cashback on popular platforms like Ola, Myntra, and MakeMyTrip.

Also, explore the top Axis Bank credit cards with detailed features and eligibility — only on Finology Select.

Fees and Charges

One of the most significant advantages of the Axis Bank SuperMoney RuPay Credit Card is its fee structure:

• Joining Fee: Nil
• Annual Renewal Fee: Nil

This makes the card lifetime free, allowing users to enjoy the benefits without worrying about annual charges.

Is the Axis Bank SuperMoney RuPay Credit Card Worth It?

Pros

• Attractive Cashback on UPI: A standout feature, as most UPI transactions don't earn rewards.
• Lifetime Free: No joining or annual fees make it a low-risk addition to your wallet.
• Simple Cashback Structure: Flat cashback rates are easy to understand and track.
• Additional Merchant Offers: Potential for extra savings.

Cons

• Cashback Cap: The ₹500 monthly cap might be limiting for very high spenders.
• Excluded Categories: Users need to be aware of transactions that won't earn cashback.

How to Make the Most of the Card

• Prioritise UPI Payments: Use this card for your regular UPI transactions to maximise cashback.
• Utilise SuperMoney Platform: For QR code payments, using the SuperMoney platform can ensure you get the 3% cashback.
• Track Your Spends: Keep an eye on the ₹500 monthly cashback limit to understand when you've maximised your benefits for the cycle.
• Check for Merchant Offers: Regularly look for exclusive deals on partner merchants to stack up savings.

Conclusion

The Axis Bank SuperMoney RuPay Credit Card presents a compelling option for individuals who are active UPI users and are looking for a simple, rewarding, and fee-free credit card. The 3% cashback on UPI transactions, coupled with the absence of any annual charges, makes it a strong contender in the current market. While the monthly cashback cap exists, for a majority of users, this card can translate everyday digital payments into tangible savings. If your primary mode of payment is UPI and you appreciate straightforward rewards without the burden of fees, this card is certainly worth considering.

You May Also Like:

• Find out how to link your RuPay credit card with UPI in a few easy steps.

FAQs

Q1: What is the Axis Bank Super Money Credit Card?
A: The Axis Bank Super Money Credit Card is a co-branded credit card launched by Axis Bank in partnership with super.money (a Flipkart Group company). It allows users to make UPI payments linked to their credit card and is designed for digital transactions on the RuPay network. It's available in both digital and physical forms.

Q2: What are the main features and benefits of this credit card?
A: The key features and benefits include:

• Cashback: 3% cashback on 'Scan & Pay' (UPI) transactions via the super.money app (using the credit card), and 1% cashback on other eligible spends. Cashback is capped at ₹500 per statement cycle. * Lifetime Free: No joining fees or annual fees.
• RuPay Network: Supports UPI payments, POS transactions, online purchases, and ATM withdrawals. 
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹4,000 (max waiver ₹400 per statement cycle, exclusions apply). 
• Digital First: Focuses on a seamless digital experience through the super.money app.

Q3: What are the eligibility criteria to apply for the Axis Bank Super Money Credit Card?
A: While specific criteria are determined by Axis Bank and super.money upon application, general Axis Bank credit card eligibility usually includes: 

• Age: 18 to 70 years for the primary cardholder. 
• Residential Status: Resident of India or Non-Resident Indian (NRI status may have different conditions). 
• Income: Varies based on applicant's profile (salaried/self-employed); assessed during application. 
• Credit Score: A good credit score (typically 750+) is preferred. 
• Target Audience: It's also positioned for existing credit-worthy UPI users. 

Q4: What are the fees and charges associated with this card?
A: Joining Fee: Nil (Lifetime Free).
Annual Fee: Nil (Lifetime Free).
Other Charges: Standard credit card charges may apply, such as late payment fees, cash withdrawal fees, finance charges (interest), foreign currency transaction fees, over-limit charges, and cheque return/dishonor fees. 

Q5: How can I apply for the Axis Bank Super Money Credit Card?
A: You can apply for the card directly through the super.money app. The application process is designed to be digital and user-friendly. It may also become available via Axis Bank's platforms.