#Best Rupay Credit Card

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Best RuPay Credit Card in India 2024

So, you’re on the hunt for the best rupee credit card in India for 2024, huh? With a plethora of options available, it can be quite a task to choose the right one. But don’t worry, we’ve got you covered. In this article, we’ll dive deep into the top RuPay credit cards available in India, scrutinising their features, fees, and eligibility criteria. By the end, you’ll have a clear picture of which card suits your needs the best.

Why Choose a RuPay Credit Card?

First off, why would you want a rupee credit card? Well, RuPay cards are Indian domestic cards launched by the National Payments Corporation of India (NPCI). They often come with lower transaction fees and are accepted widely nationwide. Plus, they’re perfect for anyone looking to support the Indian economy while enjoying some fantastic perks.

HDFC Bank UPI RuPay Credit Card

Features

The HDFC Bank UPI RuPay Credit Card is a stellar choice for those who frequently use UPI payments. You can link this card to your UPI ID and enjoy seamless transactions.

UPI Integration: Link your card to your UPI ID for hassle-free payments.

Rewards: Earn reward points on every transaction.

Cashback: Attractive cashback offers on online and offline purchases.

Security: Enhanced security features with tokenisation.

3% CashPoints: Earn up to 500 points per month on PayZapp transactions, groceries, supermarket, and dining spends.

2% CashPoints: Earn up to 500 points per month on utility spends.

1% CashPoints: Earn up to 500 points per month on other purchases, excluding rent, wallet loads, EMI, fuel, and government spends.

Redemption Rate: 1 CashPoint = Re. 0.25 or 0.25 Airmile.

Annual Fee

The annual fee for this card is ₹500, which is quite reasonable considering the features on offer.

Eligibility

To be eligible for this card, you need to be an Indian resident aged between 21 and 60 years. A good credit score and a stable income are also essential.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

Myntra Kotak RuPay Credit Card

Features

If you’re a fashion enthusiast, the Myntra Kotak RuPay Credit Card is perfect for you. It offers exclusive benefits on Myntra and other partnered stores.

Myntra Offers: Exclusive discounts and cashback on Myntra.

Reward Points: Earn reward points on all purchases.

No Cost EMI: Convert big purchases into easy EMIs at no extra cost.

5% Cashback: Earn cashback on spends at partner merchants, including Swiggy, Swiggy Instamart, PVR, Cleartrip, and Urban Company.

Unlimited 1.25% Cashback: Earn cashback on other category spends.

Instant Discount: Receive a 7.5% discount on every transaction at Myntra.

Complimentary Membership: Get Myntra Insider Membership at no additional cost.

Welcome Voucher: Receive a Rs. 500 Myntra voucher upon completing the first transaction worth Rs. 500 or more within 30 days of card issuance.

PVR Tickets: Get 2 complimentary PVR tickets every quarter by spending Rs. 50,000 or more in a quarter.

Lounge Access: Enjoy 1 complimentary domestic lounge access per quarter.

Annual Fee

This card comes with an annual fee of ₹499, which is waived off if you spend over ₹50,000 annually.

Eligibility

Applicants should be between 21 and 65 years old, with a stable income and a decent credit history.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

HDFC MoneyBack+ RuPay Credit Card

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Features

The HDFC MoneyBack+ RuPay Credit Card is designed for those who love to shop and get rewarded for it.

Cashback: Up to 5% cashback on all online spending.

Reward Points: Earn 2X reward points on grocery and utility payments.

Fuel Surcharge Waiver: Enjoy a waiver on fuel surcharges.

Earn 10X CashPoints on purchases from Flipkart, Amazon, Swiggy, Reliance Smart SuperStore, and BigBasket.

Get 5X CashPoints on EMI spend at participating merchant locations.

Accumulate 2 CashPoints for every Rs. 150 spent in other categories.

Receive 500 CashPoints upon payment of the joining and renewal fees.

Enjoy gift vouchers worth Rs. 500 when you reach quarterly spending of Rs. 50,000 or more.

Benefit from up to 20% discount at partner restaurants through Swiggy Dineout.

Annual Fee

The annual fee for this card is ₹500, but it’s waived off if you spend more than ₹1 lakh in a year.

Eligibility

To qualify, you must be between 21 and 60 years old with a stable job and a good credit score.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

Tata Neu HDFC RuPay Credit Cards

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Features

For Tata brand loyalists, the Tata Neu HDFC RuPay Credit Card offers some exciting perks.

Tata Neu Coins: Earn Tata Neu Coins on every spend, redeemable across Tata brands.

Exclusive Offers: Get exclusive offers on Tata products and services.

Travel Benefits: Special travel deals and discounts.

Get up to 5% back as NeuCoins on non-EMI purchases from Tata Neu and partner Tata brands, including Air India and Westside.

Earn up to 1.5% back as NeuCoins on non-Tata brand purchases and any EMI transactions.

Enjoy an additional 5% back as NeuCoins on transactions made through the Tata Neu app or website, after downloading the app and registering for Tata NeuPass.

Access up to 8 domestic lounges per calendar year (2 per quarter).

Receive 4 complimentary international lounge accesses per calendar year (1 per quarter) with a RuPay Card.

Annual Fee

This card has an annual fee of ₹499, which is quite nominal given the benefits.

Eligibility

Applicants need to be Indian residents aged between 21 and 65 years with a stable income and a good credit score.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

IRCTC SBI RuPay Platinum Credit Card

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Features

If you’re a frequent traveller on Indian Railways, the IRCTC SBI RuPay Platinum Credit Card is a fantastic choice.

Railway Ticket Discounts: Get discounts on booking railway tickets.

Reward Points: Earn reward points on all transactions.

Fuel Surcharge Waiver: Enjoy fuel surcharge waivers at petrol pumps.

Earn 350 bonus reward points on a single transaction of Rs. 500 or more within 45 days of card issuance.

Receive 10% value back in reward points when booking AC1, AC2, AC3, Executive Chair Car, and Chair Car tickets via the IRCTC website or mobile app.

Enjoy a 1% transaction fee waiver on railway ticket bookings through IRCTC.

Accumulate 1 reward point for every Rs. 125 spent on non-fuel retail purchases.

Benefit from 4 complimentary railway lounge accesses each year.

Annual Fee

The annual fee is ₹500, but you can get it waived off by spending ₹2 lakh in a year.

Eligibility

To be eligible, you must be between 18 and 65 years old with a stable income and a good credit score.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

IndianOil Axis RuPay Credit Card

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Features

The IndianOil Axis RuPay Credit Card is tailored for those who spend a lot on fuel.

Fuel Points: Earn fuel points on every fuel purchase at IndianOil outlets.

Cashback: Get cashback on fuel purchases.

Reward Points: Earn reward points on all other spends.

Earn 4% value back on fuel purchases with 20 reward points per Rs. 100 spent at any IOCL outlets.

Get 1% value back with 5 reward points per Rs. 100 spent on online shopping.

Accumulate 1 EDGE reward point for every Rs. 100 spent on other categories.

Receive EDGE reward points worth up to Rs. 250, equivalent to the value of your first fuel spend made within 30 days of card issuance.

Enjoy a 1% fuel surcharge waiver on transactions ranging from Rs. 400 to Rs. 4,000 per month.

Save 10% on movie ticket bookings through the BookMyShow app or website.

Annual Fee

The annual fee for this card is ₹500, waived if you spend ₹30,000 annually.

Eligibility

You should be between 21 and 60 years old, with a stable income and a decent credit score.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

ICICI HPCL Super Saver RuPay Credit Card

Features

For those who often find themselves at HPCL petrol stations, the ICICI HPCL Super Saver RuPay Credit Card is a great fit.

Fuel Surcharge Waiver: Enjoy a surcharge waiver on fuel purchases at HPCL outlets.

Reward Points: Earn reward points on all transactions.

Cashback: Get cashback on fuel and non-fuel purchases.

Earn 2,000 reward points when you spend at least Rs. 5,000 within 45 days of card issuance.

Get Rs. 100 cashback on a recharge transaction of Rs. 1,000 or more through the HP Pay app.

Receive 4% cashback, up to Rs. 200 per month, on fuel purchases at HPCL pumps.

Enjoy 5% back in reward points on grocery, departmental store, and utility bill expenses.

Accumulate 2 reward points for every Rs. 100 spent on retail purchases.

Gain an additional 1.5% savings with 6 reward points per Rs. 100 spent on fuel at HPCL outlets when paying via the HP Pay app.

Benefit from 1% cashback on the fuel surcharge for all fuel purchases up to Rs. 4,000.

Avail 25% off when booking at least 2 movie tickets through BookMyShow or INOX.

Receive 1 complimentary domestic airport lounge access per quarter when you spend Rs. 5,000 in the previous calendar quarter.

Annual Fee

This card has an annual fee of ₹500, which is waived if you spend ₹50,000 in a year.

Eligibility

To be eligible, you need to be between 21 and 60 years old with a stable income and a good credit score.

Suggested you can read: RBI Credit Cards Rules | Best Credit Card Advisor in Gurugram

What is a RuPay Credit Card?

RuPay, an Indian domestic card scheme, was launched by the National Payments Corporation of India (NPCI). It’s designed to fulfil the Reserve Bank of India’s vision of a domestic, open, and multilateral system of payments. In simpler terms, it’s a home-grown alternative to Visa and Mastercard, offering similar functionalities but with added perks for Indian users.

Benefits of Using RuPay Credit Cards

So, why choose RuPay over other options? Here are some benefits:

Localised Benefits: Tailored for Indian customers, often with lower transaction fees.

Security: Enhanced security features tailored to Indian regulatory standards.

Acceptance: Widely accepted across India, with an increasing global presence.

Government Incentives: Often linked with government schemes, offering extra perks.

[banksdekho123]

Unveiling the Unbeatable Au Altura Credit Card Benefits: A Game-Changer in Financial Flexibility!

Dive into the realm of unbeatable financial flexibility with the Au Altura credit cards! Discover how this innovative card is revolutionizing the way you manage your finances, offering a plethora of exclusive benefits tailored to your lifestyle. From generous cashback rewards to enticing travel perks, explore how the au altura credit card benefits is elevating the standard of credit card benefits. Stay ahead of the curve and unlock a world of possibilities with Au Altura!

[techandtravel]

Credit Card Kya Hota Hai: Everything You Need to Know

Credit Card Kya Hota Hai Credit cards are becoming a crucial component of our daily financial lives in the digital age. They provide users with a variety of advantages, convenience, and flexibility. However, in order to make wise financial decisions, it is crucial to comprehend what a credit card is and how it functions. The idea of credit cards, as well as their characteristics, advantages, and…

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Is the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card Your Next Best Choice?

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card has been officially unveiled by Poonawalla Fincorp. This co-branded card is aimed at delivering personalized financial solutions tailored to meet the diverse needs of their clientele.

Elevating Financial Services

Through a strategic collaboration with IndusInd Bank, Poonawalla Fincorp has launched the eLITE RuPay Platinum Credit Card. This card is designed to enhance the customer experience by offering an extensive array of benefits and rewards, emphasizing Poonawalla Fincorp’s commitment to innovation and customer-focused financial solutions.

Exceptional Features of the eLITE RuPay Platinum Card

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card stands out in the competitive credit card market due to its numerous attractive features. Here is an in-depth look at what it offers:

No Joining or Annual Fees

One of the card's most appealing aspects is the absence of joining and annual fees, making it highly accessible and affordable for customers to enjoy its benefits without extra costs.

Exciting Reward Points on Every Transaction

Cardholders can earn reward points for every ₹100 spent, excluding fuel purchases. This includes everyday transactions, allowing users to quickly accumulate points.

High-Value Reward Points

Accumulated reward points can be converted into cash credit at a rate of ₹0.40 per point, significantly enhancing the value proposition for cardholders.

Enhanced Rewards for E-commerce

Online shoppers can benefit from 2.5 times the reward points on e-commerce transactions, excluding fuel, travel, and low interchange MCC, making online purchases even more rewarding.

Movie Ticket Offers

The card offers a Buy One Get One free movie ticket offer through BookMyShow, up to ₹200, once a month. This is perfect for those who enjoy frequenting the cinema.

Also Read: Who is Abhay Bhutada?

Rewards on UPI Transactions

Recognizing the rising popularity of digital payments, the card offers rewards on UPI transactions. This is particularly beneficial for users who frequently utilize the Scan & Pay feature.

Fuel Surcharge Waiver

Cardholders enjoy a 1% fuel surcharge waiver, adding to their savings and making travel more economical.

Milestone Rewards

Cardholders can earn 3000 reward points by reaching specific spending milestones, encouraging frequent card use to maximize benefits.

Also Read: Unveiling Abhay Bhutada: A Leader’s Inspiring Odyssey In Finance

Envisioning the Future

Expressing his excitement about the new card, Poonawalla Fincorp’s spokesperson, stated, “We are thrilled to launch the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card. This initiative reflects our commitment to enabling our customers' dreams. By offering this card, we aim to enhance digital engagement with our existing customers while reaching out to new ones.”

About Poonawalla Fincorp Limited

Poonawalla Fincorp Limited, part of the Cyrus Poonawalla Group, is a non-deposit-taking systemically important non-banking finance company (ND-SI-NBFC) registered with the Reserve Bank of India (RBI). With a legacy of nearly three decades, the company is listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The company operates on five key pillars: Passion, Principles, Purpose, People, and Possibilities. With a presence in 19 states and a standalone AUM of ₹25,003 crore as of March 31, 2024, Poonawalla Fincorp employs around 2300 people. Their diverse range of products includes pre-owned car finance, personal loans, loans to professionals, business loans, loans against property, supply chain finance, machinery loans, medical equipment loans, and consumer loans.

Also Read: Journey Of Poonawalla Fincorp’s Managing Director — Abhay Bhutada

Customer Experience Is The Priority

The launch of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card signifies Poonawalla Fincorp’s dedication to improving the customer experience. By incorporating valuable features such as no fees, generous reward points, and exclusive offers, this card sets a new standard in the financial sector.

For customers, this card is more than just a payment tool; it opens the door to a range of benefits and rewards. It is designed to make everyday transactions more rewarding, provide savings on entertainment and fuel, and offer high-value reward points that are easily redeemable. 

Conclusion

The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card is a testament to Poonawalla Fincorp’s commitment to providing tailored financial solutions that enhance the lifestyle of its users. With its comprehensive features and benefits, this card is poised to become a favorite among customers seeking value and rewards in their everyday transactions.

[kreditwala]

How to Withdraw Money from a Credit Card Without Charges?

How to Withdraw Cash From Your Credit Card Without Paying Extra Charges?

Banks demand fees and very high interest in situations where the cardholder performs a cash advance and this can be expensive. A lot of people desire to understand the ways to withdraw cash from their credit cards without paying those additional expenses. 

In this article from Kreditwala News, you will learn some ways to withdraw money from your credit card without paying extra charges. But always remember, it would also be wise to ensure that none of these methods violates the particular rules of the card you are using. Let’s start:

Balance Transfer to Your Bank Account

A lot of credit cards are available in India where users can always transfer money from the cards to their savings or current bank accounts. This is usually referred to as balance transfer. It is a technique through which one can withdraw cash without having to visit an ATM. 

This has to be done either through a phone call or the banking application. HDFC, ICICI, IDFC, and SBI are some of the banks that provide this service with a few credit cards. But be careful because there might still be costs. Some banks charge a fee for balance transfers. This fee is often lower than cash advance fees. Also, the interest rate might be less than for cash advances.

Before you do a balance transfer, check with your bank. Ask about any fees or charges. Compare these costs to cash advance fees. Sometimes, balance transfers can save you money. But not always. It depends on your bank and your card’s rules.

Overpayment Method

One way to get cash from your credit card is the overpayment method. Here’s how it works:

Pay more than your dues on your credit card bill.

This creates extra money in your account.

Ask your bank to give you this extra money back.

For example, if your dues is 5000 rupees, pay 10000 rupees. Now you have 5000 rupees extra in your account. You can ask for this money back.

But be careful. Some banks don’t like this and they might block your credit card. Always check with your bank first before trying this method.

Use Online Payment Services

Online payment services are popular in India. You can use them to get cash from your credit card without big fees. Some common services are HDFC PayZapp, and Mobikwik.

Here’s how you can use these services:

Install the app on your phone and make an account if you don’t have one.

Add your credit card to the app by entering your card details.

Verify the KYC to use the app’s wallet services.

Now add money to your wallet through your credit card.

Once the money is in your app wallet, you can move it to your bank account.

Some apps let you do this for free while some apps charge money which is relatively less compared to other methods.

Rent Payment

Using a credit card to pay rent is also one of the best ways through which you can get cash. If your landlord accepts online payments, then you can send your rent money through credit cards if you wish. Then, ask your landlord to return the extra amount in cash, beyond your rent. 

For example, if your rent is just 10,000 rupees, then you should pay 15000 rupees in total, demanding a refund of another 5,000 rupees in cash. 

However, if you don’t live in a rented place then do not worry, it is easier to transfer money to yourself. Just enter your UPI ID or your friend’s UPI Id. After that, you can enter the particular amount and the money will be transferred to your bank account.

Pay Merchants Through Rupay Credit Cards 

RuPay credit cards can help you get cash without fees. Yes, you heard it right. Some shops let you pay more than what you buy. They give you the extra money as cash. For example, if you buy something for 500 rupees, you can pay 1000 rupees. The shop gives you 500 rupees back in cash. This is like getting cash from your credit card. But not all shops do this. You need to ask first. 

Conclusion:

Getting cash from your credit card without fees can be tricky. Always check your card’s rules first. Be careful and use these methods wisely. If you need help with credit cards or loans, visit Kredit wala. They offer good advice and options. Kreditwala can help you make smart money choices. Visit their website today to learn more about your credit options.

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Best Axis Bank Credit Cards in 2024 Check Eligibility & Apply Now

Axis Bank offers a diverse range of credit cards tailored to meet various needs and lifestyles. Here's an overview of some of the top Axis Bank credit cards available in 2024:

Axis Flipkart Credit Card

Axis Indian Oil Credit Card

Indian Oil Axis Bank RuPay Credit Card

Axis Bank Neo Credit Card

Axis Vistara Signature Credit Card

Axis Bank Vistara Infinite Credit Card

SpiceJet Axis Bank Voyage Credit Card

SpiceJet Axis Bank Voyage Black Credit Card

Axis Bank Select Credit Card

Samsung Axis Bank Signature Credit Card

Samsung Axis Bank Infinite Credit Card

Axis Bank REWARDS Credit Card

Axis Bank Privilege Credit Card

Axis Bank Vistara Credit Card

Axis Bank My Zone Credit Card

Axis Magnus Credit Card

Axis Bank AURA Credit Card

Axis Bank Atlas Credit Card

Axis Flipkart Credit Card

Key Features:

Joining Fee: Rs. 500

Welcome Bonus: Rs. 500 Flipkart vouchers on first transaction within 30 days, and a 50% discount up to Rs. 100 for new Swiggy customers.

Cashback:

5% cashback on Flipkart spends

4% cashback on preferred merchants (Cleartrip, cult.fit, PVR, Swiggy, Uber)

1% cashback on other transactions excluding Flipkart and preferred merchants

Benefits:

4 complimentary domestic lounge visits per year

1% fuel surcharge waiver on transactions from Rs. 400 to Rs. 4,000

Up to 20% discount at over 4,000 partner restaurants

Drawbacks:

No benefits for offline shopping

High annual fee waiver requirement for an entry-level card

Axis IndianOil Credit Card

Key Features:

Joining Fee: Rs. 500

Welcome Bonus: Up to 1,250 EDGE reward points on first fuel transaction within 30 days.

Rewards:

Up to 4% value back on fuel purchases with 20 EDGE reward points for every Rs. 100 spent at IOCL outlets

1% value back on online shopping with 5 EDGE reward points for every Rs. 100 spent

1 EDGE reward point per Rs. 100 on all other categories, excluding specified expenses

Benefits:

Annual fee waiver on spending Rs. 3.5 lakh in the previous year

10% discount on movie tickets through BookMyShow

1% fuel surcharge waiver up to Rs. 50 per statement cycle

Drawbacks:

Low rewards for offline spending

Challenging annual fee waiver due to excluded spending categories

Indian Oil Axis Bank RuPay Credit Card

Key Features:

Joining Fee: Rs. 500

Welcome Bonus: 100% cashback up to Rs. 250 on first transaction within 30 days.

Rewards:

20 Reward Points per Rs. 100 on fuel transactions at IOCL stations

5 Reward Points per Rs. 100 on online shopping

1 EDGE Point per Rs. 100 on all other spends

Benefits:

Annual fee waiver on spending Rs. 3.5 lakh in the previous year

10% discount on movie tickets through BookMyShow

1% fuel surcharge waiver up to Rs. 50 per statement cycle

Drawbacks:

Low rewards for offline spending

Challenging annual fee waiver due to excluded spending categories

Axis Bank Neo Credit Card

Key Features:

Joining Fee: Rs. 250

Welcome Bonus: 100% cashback up to Rs. 300 on first utility bill payment within 30 days.

Discounts:

Up to 40% off on Zomato, Amazon Pay, Myntra, BookMyShow, and Blinkit

Benefits:

15% off up to Rs. 500 on dining at partner restaurants on orders over Rs. 1,500

1 EDGE reward point per Rs. 200 spent

10% off on movie tickets from BookMyShow

Drawbacks:

No travel benefits

Low rewards for offline shopping

These Axis Bank credit cards cater to diverse needs, offering benefits ranging from cashback and discounts to rewards on specific spending categories. Choose the card that aligns best with your spending habits and lifestyle preferences. For a detailed comparison and further information, explore our comprehensive guide on Axis Bank credit cards.

Axis Vistara Signature Credit Card

The Axis Vistara Signature credit card is designed for the premium economy segment, catering especially to Vistara loyalists who spend heavily and strive to maximize their spending limits.

Key Features:

Joining Fee: Rs. 3000

Welcome Bonus: 1 complimentary Vistara Premium Economy Class ticket and Silver Membership of Club Vistara in the first year.

Earn 4 Club Vistara (CV) points per Rs. 200 spent across all categories.

2 complimentary visits to select airport lounges in India on spending Rs. 50,000 in the last 3 months.

Benefits:

Get 25% off up to Rs. 800, once per month via EazyDiner membership.

Enjoy 3 complimentary rounds of golf at top Indian destinations.

Drawbacks:

No international lounge access.

High forex mark-up fee.

Axis Bank Vistara Infinite Credit Card

The Axis Bank Vistara Infinite Credit Card is the optimal choice for those who prefer flying business class. It stands out as one of the rare premium airline co-branded credit cards offering business class benefits of Vistara.

Key Features:

Joining Fee: Rs. 10,000

Welcome Bonus: 1 business class ticket complimentary on payment of joining fee and complimentary Club Vistara Gold Membership.

Earn 6 CV Points per Rs. 200 spent across all categories.

2 complimentary domestic lounge access on spending of Rs. 50,000 in 3 months.

Benefits:

Enjoy 6 complimentary rounds of golf at top Indian destinations.

Receive up to 15% discount on bookings made for Trident properties.

Get up to Rs. 1000 off at select restaurants.

Drawbacks:

No international lounge access.

High forex mark-up fee.

Conclusion

Each Axis Bank credit card offers different benefits and rewards. You can choose according to your preferences and needs from the wide range of Axis Bank credit cards. If you are an avid traveler, you can go for the Axis Bank Atlas Credit Card, SpiceJet Axis Bank Voyage Black Credit Card, and others. Whereas, if you are an online shopping lover, the Axis Flipkart Credit Card, Axis Bank REWARDS Credit Card, and others may suit you better. Evaluate the benefits, rewards, and requirements to choose the best credit card for yourself.

[nickyysharmi]

A Bold New Era in Indian Finance: Poonawalla Fincorp and IndusInd Bank's Dynamic Partnership

A groundbreaking event shook up India’s financial scene with the partnership between Poonawalla Fincorp and IndusInd Bank. This dynamic duo introduced the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, a product that's much more than a piece of plastic—it's a beacon of a strategic alliance aimed at dazzling customer experiences and expanding market horizons. Helmed by the visionary Abhay Bhutada, MD of Poonawalla Fincorp, this venture highlights the company's zeal for digital innovation and customer-centric flair. Let’s dive into Bhutada's grand vision and Poonawalla Fincorp's stellar financial feats to get a clearer picture of their strategic trajectory and its ripples across the financial pond.

Taking Customer Experience to the Next Level

The co-branded credit card launch is a monumental leap in the Poonawalla Fincorp and IndusInd Bank partnership. This strategic combo blends the best of both worlds to craft a financial marvel designed to supercharge customer experience. Abhay Bhutada shared his excitement, saying, "The IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card is our bold step towards turbocharging customer engagement through slick digital platforms and broadening our market footprint." This initiative underscores the magic of merging cutting-edge digital features with customer-centric perks, echoing the broader industry's sprint towards digitization.

Financial Brilliance: Proof in the Pudding

Poonawalla Fincorp's financial triumphs for 2023-24 are nothing short of a blockbuster hit. The company reported a jaw-dropping annual net profit of Rs 1,027 crore, an 83 percent leap from last year. Total revenue rocketed to Rs 915 crore, up from Rs 577 crore the year before. These dazzling numbers reflect a masterful strategy under Bhutada's leadership, focusing on fine-tuning operations, boosting asset quality, and expanding the company’s portfolio. Assets under management ballooned by 55 percent to Rs 25,003 crore, while gross non-performing assets shrank to 1.16 percent, showcasing savvy management and sharp foresight.

Revving Up Digital Engagement and Customer Reach

In today's tech-savvy world, leveraging digital tools to enhance customer engagement is a must. Bhutada’s digital-first approach hits the bullseye with this trend. The co-branded credit card aims to offer a seamless and delightful experience, packed with advanced digital features and benefits that cater to the modern financial maestro. This card isn’t just about swiping; it’s about making every transaction rewarding with perks like reward points, cashback, and exclusive offers, appealing to a wide array of customers.

Also Read: Abhay Bhutada: Proving His Entrepreneurial Prowess with Poonawalla Fincorp

Broader Ripples in the Financial Ocean

The Poonawalla Fincorp and IndusInd Bank partnership is a shining example of a growing trend in the financial sector—strategic alliances. These collaborations are gaining traction as financial giants join forces to deliver top-notch products and services. For Poonawalla Fincorp, this partnership is a savvy move to amplify its market presence and widen its customer base. For IndusInd Bank, it’s a golden chance to tap into Poonawalla Fincorp’s vast reach and expertise in the non-banking financial sphere. This win-win relationship promises to create a treasure trove of value for both companies and, most importantly, their customers.

Abhay Bhutada's Bold Vision for the Future

Abhay Bhutada’s vision for Poonawalla Fincorp is a thrilling ride of innovation, customer-centricity, and sustainable growth. Under his dynamic leadership, the company has turbocharged its product lineup, streamlined operations, and achieved rock-solid financial stability. Bhutada’s passion for customer engagement and digital transformation stands out in particular. In the fast-evolving financial world, staying ahead of tech trends and truly understanding customer needs are the keys to long-term success. The co-branded credit card embodies this vision, showcasing a keen grasp of market dynamics and customer desires.

Furthermore, Bhutada’s commitment to high asset quality and a sharp portfolio has been crucial in hitting those impressive financial targets. Reducing gross non-performing assets and boosting net interest margins are clear signs of smart financial management and a strategic growth playbook.

Also Read:  Why Does Abhay Bhutada Feel He Has Over-Delivered on Expectations?

Riding the Waves: Challenges and Opportunities

While teaming up with IndusInd Bank and launching the co-branded credit card are significant milestones, they also come with their own set of challenges. The financial arena is fiercely competitive, and keeping the growth engine running smoothly demands constant innovation and agility. A key challenge will be ensuring the new credit card lives up to customer expectations and stands out amidst the clutter. Regularly tuning into customer feedback, updating card features, and nailing marketing strategies will be crucial.

Additionally, keeping asset quality high and managing risks will be essential as Poonawalla Fincorp continues to expand its portfolio. The financial sector is a roller-coaster ride, and ensuring that growth doesn’t compromise asset quality will require meticulous planning and execution.

Also Read: Abhay Bhutada On Poonawalla Fincorp's OPEX Reduction And Asset Quality Enhancement

The Grand Finale

The Poonawalla Fincorp and IndusInd Bank collaboration marks a thrilling new chapter in the company’s saga. Under Abhay Bhutada's inspiring leadership, Poonawalla Fincorp has hit stellar financial heights and cemented its place as a forward-thinking, customer-loving financial powerhouse. The launch of the co-branded credit card is a strategic leap that underscores the company’s commitment to innovation and digital engagement. As Poonawalla Fincorp continues to evolve and expand, keeping customer needs front and center, embracing digital transformation, and practicing prudent financial management will be the magic ingredients for future success.

Abhay Bhutada's visionary leadership and strategic brilliance have been the driving force behind the company’s stellar trajectory. The impressive financial performance, combined with smart moves like the partnership with IndusInd Bank, paints a promising picture for Poonawalla Fincorp’s future. As the company navigates the exciting challenges and opportunities ahead, its focus on delivering exceptional value to customers and maintaining financial robustness will remain paramount.

In summary, Poonawalla Fincorp’s recent adventures highlight the vibrant and dynamic nature of the financial sector and the crucial role of visionary leadership. With Abhay Bhutada steering the ship, the company is poised to continue its exciting growth journey and set new industry benchmarks. The collaboration with IndusInd Bank is a major milestone on this path, promising a brighter, more prosperous future for Poonawalla Fincorp and its ever-growing family of customers.

[ramakantthinks]

Abhay Bhutada's Vision On Poonawalla Fincorp's Alliance with IndusInd Bank For Co-branded Credit Cards

The financial sector in India has undergone a significant transformation with the recent collaboration between Poonawalla Fincorp and IndusInd Bank. This alliance, highlighted by the launch of the co-branded IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a pivotal moment for both companies. This strategic initiative aims to revolutionize and enhance the banking experience for customers, embodying the vision of Abhay Bhutada, MD of Poonawalla Fincorp. By examining Bhutada's insights and the company’s recent financial achievements, we gain a clear understanding of Poonawalla Fincorp's direction and its broader impact on the financial sector.

Enhancing Customer Experience

The release of the co-branded credit card on May 28, 2024, represents more than just a new product offering; it signifies a strategic partnership that combines the strengths of both Poonawalla Fincorp and IndusInd Bank. This collaboration is designed to deliver a superior financial product that integrates the best features and services from both institutions.

Abhay Bhutada commented, "The introduction of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card demonstrates our dedication to enhancing customer engagement through digital platforms and expanding our reach." This innovative approach emphasizes the importance of digital engagement and customer-focused innovation.

Financial Performance: Showcasing Strategic Expertise

Poonawalla Fincorp's financial performance for the fiscal year 2023-24 highlights the success of its strategic initiatives. The company reported its highest-ever annual net profit of Rs 1,027 crore, an 83 percent increase from the previous year. Total revenue for the same period reached Rs 915 crore, up from Rs 577 crore the previous year.

These financial milestones are more than mere figures; they reflect a well-executed strategy. Bhutada’s leadership has been pivotal in driving these results, with a focus on optimizing operations, improving asset quality, and expanding the company’s portfolio. The 55 percent growth in assets under management to Rs 25,003 crore and the reduction in gross non-performing assets to 1.16 percent underscore effective management and strategic foresight.

Also Read: Why Does Abhay Bhutada Feel He Has Over-Delivered on Expectations?

Advancing Digital Engagement and Customer Reach

In the current digital age, leveraging technology to enhance customer engagement is crucial. Bhutada’s emphasis on digital platforms aligns with the broader industry trend toward digitization. The co-branded credit card is designed to offer a seamless and rewarding experience, integrating advanced digital features and benefits tailored to modern financial needs.

Through this card, Poonawalla Fincorp aims to attract new customers while retaining its existing base by providing enhanced value. The card offers various benefits, including reward points, cashback, and exclusive offers, appealing to a wide range of customers.

Broader Implications for the Financial Sector

The partnership between Poonawalla Fincorp and IndusInd Bank is part of a larger trend in the financial sector toward strategic alliances. Such collaborations are becoming increasingly common as financial institutions seek to combine their strengths to offer better products and services.

For Poonawalla Fincorp, this partnership is a strategic move to strengthen its market position and expand its customer base. For IndusInd Bank, it provides an opportunity to leverage Poonawalla Fincorp’s extensive reach and expertise in the non-banking financial sector. This mutually beneficial relationship is expected to create value for both parties and, more importantly, for their customers.

Also Read: Abhay Bhutada: Proving His Entrepreneurial Prowess with Poonawalla Fincorp

Abhay Bhutada's Vision for the Future

Abhay Bhutada's vision for Poonawalla Fincorp revolves around innovation, customer-centricity, and sustainable growth. Under his leadership, the company has made significant strides in enhancing its product offerings, improving operational efficiencies, and achieving financial stability.

Bhutada's focus on customer engagement and digital transformation is particularly noteworthy. In a rapidly evolving financial landscape, staying ahead of technological trends and understanding customer needs are crucial for sustained success. The co-branded credit card exemplifies this vision, showcasing a deep understanding of market dynamics and customer preferences.

Moreover, Bhutada’s commitment to maintaining high asset quality and optimizing the company’s portfolio has been instrumental in achieving impressive financial results. The reduction in gross non-performing assets and the increase in net interest margins are indicative of prudent financial management and a strategic growth approach.

Challenges and Opportunities

While the collaboration with IndusInd Bank and the launch of the co-branded credit card are significant milestones, they also present challenges. The financial sector is highly competitive, and maintaining growth momentum requires continuous innovation and adaptation.

One of the key challenges will be ensuring that the new credit card product meets customer expectations and stands out in a crowded market. Continuous monitoring of customer feedback, regular updates to card features, and effective marketing strategies will be essential.

Additionally, maintaining asset quality and managing risks will be crucial as Poonawalla Fincorp continues to expand its portfolio. The financial sector is inherently risky, and ensuring that growth does not come at the expense of asset quality will require careful planning and execution.

Also Read: Abhay Bhutada On Poonawalla Fincorp's OPEX Reduction And Asset Quality Enhancement

Conclusion

The collaboration between Poonawalla Fincorp and IndusInd Bank marks a new chapter in the company’s journey. Under Abhay Bhutada's leadership, Poonawalla Fincorp has achieved impressive financial results and positioned itself as a forward-thinking and customer-centric financial institution.

The launch of the co-branded credit card is a strategic move that reflects the company’s commitment to innovation and digital engagement. As Poonawalla Fincorp continues to evolve and expand, the focus on customer needs, digital transformation, and prudent financial management will be key drivers of its future success.

Abhay Bhutada's vision and strategic acumen have been instrumental in shaping the company’s trajectory. The impressive financial performance, coupled with strategic initiatives like the collaboration with IndusInd Bank, bodes well for Poonawalla Fincorp’s future. As the company navigates the challenges and opportunities ahead, its focus on delivering value to customers and maintaining financial stability will remain paramount.

In summary, Poonawalla Fincorp’s recent developments highlight the dynamic nature of the financial sector and the importance of strategic leadership. With Abhay Bhutada at the helm, the company is well-positioned to continue its growth journey and set new benchmarks in the industry. The collaboration with IndusInd Bank is a significant step in this direction, promising a brighter and more prosperous future for Poonawalla Fincorp and its customers.

[vanishah154]

The Future Of UPI Credit Card In Kiwi

 We offer the best future for UPI through Credit Card, have tied up with Axis Bank, RuPay, and UPI to provide services to customers and support virtual credit cards to make payments with no minimum amount to be spent. Contact us to know more details and enjoy greater flexibility in payments.

[finowingspvtltd]

Looking for the best RuPay credit cards on UPI for 2024 in India? Dive into our curated list featuring the top contenders:

Axis Indian Oil Credit Card (RuPay): Fuel your savings with exclusive benefits tailored for Indian Oil customers. Earn rewards on fuel purchases and enjoy discounts on fuel surcharge, along with a range of lifestyle privileges.

IndusInd Bank Credit Card (RuPay): Elevate your shopping experience with IndusInd Bank's RuPay credit card. Avail of exciting cashback offers, rewards on everyday spending, and access to premium lifestyle perks.

Tata Neu HDFC RuPay Credit Card: Experience the power of Tata and HDFC collaboration with this RuPay credit card. Enjoy accelerated rewards on Tata group spends, dining privileges, and seamless integration with UPI for convenient payments.

[freelancerwebsite]

Stay Ahead with RuPay Credit Cards: Convenience Meets Affordability

RuPay is a domestic card payment network in India, launched by the National Payments Corporation of India (NPCI) to provide a secure, efficient, and affordable payment solution for Indian residents. RuPay credit cards function similarly to other international credit cards (like Visa or Mastercard), but with a focus on meeting the specific needs of Indian consumers

Did you know the Rupay tagline? It’s “Be On-The-Go”. And yes, the Rupay credit card is your true on-the-go partner for your transactions. So, with the Rupay credit card, we say that we can pay securely with credit on the go. These payments are indeed versatile and convenient, and they offer elite benefits and security features.

Here are the top eight reasons to choose a Rupay credit card:

Wide Acceptance in India: Rupay credit cards are accepted at a vast number of merchants, ATMs, and online platforms across India, providing easy access for transactions.

Lower Transaction Fees: Rupay cards generally have lower processing fees compared to other international card networks, making them a cost-effective choice for users and merchants.

Domestic Focus: As an Indian card network, Rupay is designed to meet the needs of domestic users, ensuring seamless transactions and tailored benefits within the country.

Enhanced Security: Rupay credit cards come with multiple layers of security features, including an embedded microprocessor chip, making them highly secure for online and offline transactions.

Exclusive Offers and Discounts: Rupay cardholders can enjoy a variety of exclusive deals, discounts, and cashback offers on dining, shopping, travel, and more.

Government Support and Initiatives: Being a part of the “Make in India” initiative, Rupay cards often come with government-backed benefits and schemes, including subsidies and incentives.

Simplified Access and Eligibility: Rupay credit cards are often more accessible to a broader segment of the population, with simplified eligibility criteria and easy application processes.

Rewards and Loyalty Programs: Many Rupay credit cards come with attractive reward points and loyalty programs, offering additional value on every purchase.

If you want to experience ease of credit card payments through UPI? Think no more, Kiwi has the best Rupay Credit Card for new-age Indian consumers.

[starfriday]

*Swiggy announces the 8th edition of the Great Indian Restaurant Festival (GIRF) with unmatched delights and savings*

_With delightful offers across 7000+ restaurants in 34 cities, GIRF 2024 is slated to be bigger and better this year_

_Users can avail Flat 50% off on dining bills; Additional 15% savings with HDFC Bank Credit Cards_

*National, 8th February 2024:* Swiggy, India's leading on-demand convenience platform, has announced the launch of the highly anticipated Great Indian Restaurant Festival (GIRF), starting from 7th February to 31st March 2024. This year, GIRF promises to be the biggest yet, offering unbeatable discounts and offers at over 7000+ participating restaurants in 34 cities across India, making it an unmissable celebration for food lovers nationwide.

To offer food enthusiasts an opportunity to experience the best of restaurants, Swiggy Dineout has partnered with popular restaurants including Punjab Grill, Cafe Delhi Heights, Chili’s, Jamies’ Pizzeria, Roxie, Barbeque Nation, One8 Commune, Irish House, Hard Rock Cafe, among others. Widening the choice for diners, GIRF 2024 is welcoming a host of first-time restaurants, including Biergarten, Antera, Lord of Drinks, Ministry of Beer, and Anardana, giving them a chance to discover new culinary gems and enjoy unique offers. For those keen on exploring luxury dining experiences, restaurants in 5-star properties such as the Marriott group, Leela group, Hyatt, and Holiday Inn are also participating.

In 2023, 2 million diners celebrated Swiggy Dineout's Great Indian Restaurant Festival and saved ₹100 Crore in dining bills while enjoying the best of flavours and restaurants. This year, the offers are more exciting-

Key Delights of GIRF 2024:

Flat 50% Off on Dining Bills: Consumers can indulge in their favorite cuisines without breaking the bank with a flat 50% off on dining bills at participating restaurants.

Additional up to 15% Savings with HDFC Bank Credit Cards: HDFC Bank Credit Card users can enjoy an additional 15% savings on their GIRF transactions, making dining out even more rewarding.

Exclusive Partner Offers: Swiggy’s Great Indian Restaurant Festival brings additional partner offers to enhance the dining experience. Diners can enjoy 20% off up to Rs 50 on 2 Uber Premier rides during the event for convenient travel, and avail 40% off on movie tickets at Cinepolis app/website for post-dining entertainment.

"We are thrilled to unveil the eighth edition of the highly-anticipated Great Indian Restaurant Festival across the country. Be it an avid food connoisseur or someone looking to explore new culinary tastes, GIRF 2024 has something in store for everyone. In what promises to be our grandest celebration yet, we are converging the country's best restaurants, exciting offers, and unbeatable savings. Our goal is to make dining out more accessible and enjoyable for our customers while celebrating the best of what the restaurant industry has to offer," said Swapnil Bajpai, Head at Swiggy Dineout.

GIRF 2024 will span across multiple cities, catering to food lovers in major metropolitan areas including Delhi, Mumbai, Bangalore, Hyderabad, and Chennai, as well as emerging culinary hubs such as Agra, Ahmedabad, Jaipur, and Kochi, among others. In addition to enticing restaurant deals, this event will offer a variety of partner offers in collaboration with Uber, Pernod Ricard, and Cinepolis. Customers can also benefit from additional payment offers from various payment instruments such as RuPay, Simpl, and American Express.

With an unparalleled selection of restaurants, marquee brands, and exciting partner offers, GIRF 2024 promises to be an extraordinary journey of culinary exploration and savings, all set to redefine the dining experience in India.

*****

About Swiggy:

Founded in 2014, Swiggy is India’s leading on-demand convenience platform with a vision to elevate the quality of life for the urban consumer by offering unparalleled convenience. It connects consumers to over 280,000 restaurant partners in hundreds of cities. Its quick commerce grocery service Instamart is present in over 25 cities. Swiggy’s latest addition, Dineout, offers users experiences in high-use categories like dining out and events in over 34 cities across the country. Using innovative technology, Swiggy provides a hassle-free, fast, and reliable delivery experience. Every order delivered by Swiggy’s delivery executives, ensures a host of customer-centric features like lightning-fast delivery, no minimum order value, live order tracking, and 24/7 customer support.

[rajat32]

20+ Best Secured/FD-Based Credit Cards In India 2023

In India in 2023, demand for secured credit cards and credit cards based on fixed deposits (FDs) is still very high. These financial products give customers a secure and practical way to improve or worsen their credit scores while still enjoying credit card benefits. In this article, we'll take a look at some of the best secured and FD-based credit cards available in India in 2023. Whether you're new to credit or seeking to build your creditworthiness, these options offer a valuable chance to manage your money wisely while benefiting from the advantages that credit cards may offer. Let's look at these credit cards' characteristics so you can choose the one that best suits your needs and financial goals. Check

Main Points

SBI Card Unnati: Requires a fixed deposit, easy approval, and cashback offers.

ICICI Bank Instant Platinum Credit Card: No annual fee, available against a fixed deposit.

Axis Bank Insta Easy Credit Card: Secured against an FD, offers reward points and fuel surcharge waiver.

Kotak Mahindra Bank Aqua Gold Credit Card: No income proof required, available against an FD.

HDFC Bank Regalia First Secure Credit Card: Offers travel and lifestyle benefits, against an FD.

IDBI Bank Secured Credit Card: Against a fixed deposit, helps build credit history.

IndusInd Bank Secured Credit Card: Secured against an FD, with customizable limits.

Canara Bank Secure Credit Card: Against an FD, suitable for low-income individuals.

Standard Chartered Manhattan Platinum Credit Card: Secured against an FD, offers cashback and rewards.

Bank of Baroda Assure Credit Card: Against a fixed deposit, no income proof required.

RBL Bank Fun+ Credit Card: Against an FD, offers rewards and benefits.

Yes Bank Secured Credit Card: Against an FD, helps build or rebuild credit history.

Karnataka Bank VISA Classic Credit Card: Available against an FD, offers convenience.

PNB RuPay Select Credit Card: Secured against an FD, with rewards on spend.

IDFC First Bank Secured Credit Card: Against an FD, suitable for individuals with limited credit history.

Karur Vysya Bank Freedom Credit Card: Against an FD, no annual fee.

Federal Bank SBI Credit Card: Secured against an FD, co-branded with SBI.

Ujjivan Small Finance Bank SBI Credit Card: Against an FD, designed for financial inclusion.

Tata Capital Secured Credit Card: Against an FD, with a focus on credit-building.

AU Small Finance Bank Secured Credit Card: Against an FD, with competitive interest rates.

South Indian Bank VISA Classic Credit Card: Secured against an FD, offers global acceptance.

City Union Bank VISA Classic Credit Card: Against an FD, no joining fee.

Conclusion

Last but not least, the introduction of secured and fixed deposit (FD)-based credit cards in India for 2023 gives people a critical opportunity to establish or rebuild their credit histories while utilising the simplicity and benefits of credit cards. These cards are designed to be user-friendly and to offer a variety of features to satisfy different financial demands and preferences.