Yes Bank Kiwi Credit Card Review: Features, Rewards, and How to Avail It

The Kiwi Credit Card is a modern digital payment solution designed to make transactions effortless while offering attractive cashback and rewards. With its unique integration of UPI payments and virtual credit card technology, it caters to users looking for convenience and value. Here's a detailed breakdown of everything you need to know about the Kiwi Credit Card.

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How to Avail the Kiwi Credit Card-

1. Download the App: Install the Kiwi: Rupay Credit Card on UPI app on your smartphone.
2. Login: Enter your registered mobile number and log in.
3. OTP Verification: Verify your account using the One-Time Password (OTP) sent to your mobile.
4. Waitlist ID: Post-login, you will receive a waitlist ID.
5. Apply: Once logged in, apply for the virtual Kiwi Credit Card.

How to Use the Kiwi Credit Card-

• Payments via QR Code: Simply scan the QR code and the amount will be deducted from your credit card account.
• Earn Rewards: Each payment earns cashback and rewards based on the amount spent.
• Manage Account: Use the Kiwi app to track your credit card usage, pay outstanding bills, and access benefits.

Features of the Kiwi Credit Card-

• Virtual Credit Card: No physical card required; transact seamlessly using the app.
• UPI Integration: Make payments across all UPI platforms.
• Lifetime Free: No joining, renewal, or hidden charges.
• Instant Cashback: Earn 2x assured cashback for every transaction via "Scan and Pay."
• Hassle-Free Setup: Simple onboarding with quick verification.

Rewards Program-

1. Standard Cashback:

   • 1% Cashback : 1% cashback on UPI payment though QR code scan
   • Reward Points : Earn 2 points for every ₹50 spent.
   • Each Kiwi point is worth ₹0.25 and redeemable instantly into your linked UPI account.
     
     

2. Kiwi Points Program:

   • Maximum points capped monthly (1% of the total credit limit on the card).
   • Points are not awarded for failed transactions, excluded categories, or exceeding the cap.

Neon Membership Rewards (Exclusive Offer)-

• Neon Membership Offer: Apply for the Kiwi Credit Card before 31st Dec 2024 to get a 1-year Neon Subscription (worth ₹999).

Neon Membership Benefits-

• 1% Cashback: For UPI QR code payments increases to 2% cashback.
• Milestone Cashback:
  • Spend ₹50,000 in a year: Earn 3% cashback (adjusted for prior cashback earned) + 1 domestic lounge access.
  • Spend ₹1,00,000: Earn 4% cashback (adjusted) + 2 domestic lounge accesses.
  • Spend ₹1,50,000: Earn 5% cashback (adjusted) + 3 domestic lounge accesses.
• Monthly Cashback Cap:
  • Maximum cashback per month = 1% of your credit limit.
  • E.g., If your limit is ₹1 lakh, you can earn up to ₹1,000 cashback monthly.

Cashback Details-

• 1% Cashback: On UPI QR code payments.
• 0.5% Cashback: On online spends.
• Excluded Transactions: No cashback on:
  • Fuel, jewelry, wallet loads, insurance, education, government payments, rent, financial services, cash withdrawals, utility bills, telecom, TV, and EMI transactions.

Additional Perks-

• Lounge Access: Earn complimentary domestic lounge coupons on achieving spending milestones.
• Yes Bank Offers: Eligible for Yes Bank-specific discounts and promotions.
• Flexible Redemption: No minimum limit for redeeming Kiwi points into real cashback.

Other Features and Rewards-

For Linked Savings Accounts:

• Earn rewards on transactions made using a linked bank account.
• Rewards are available only for transactions of ₹50 or above.
• Offer valid until 31st December 2024 (not applicable in Tamil Nadu, West Bengal, Sikkim, Nagaland, or other restricted states).

For Other RuPay Credit Cards:

• Earn 1 Kiwi point for every ₹100 spent using non-Kiwi RuPay credit cards.
• Monthly cap: 400 Kiwi points.

Why consider the Kiwi Credit Card?

1. Direct UPI Payments: The first credit card enabling UPI payments via QR code.
2. Lifetime Free: No annual or joining fees.
3. Guaranteed Cashback: Earn cashback on every eligible transaction.
4. Additional Perks: Neon subscription rewards, lounge access, and milestone benefits.
5. Wide Compatibility: Works with all UPI platforms and provides flexible banking options.

Limitations-

• Cashback is not applicable for certain categories (e.g., rent payments, insurance, etc.).
• Maximum cashback is capped based on your credit limit.
• Kiwi Rewards are limited for non-Kiwi RuPay cards.

Conclusion-

The Kiwi Credit Card offers a unique blend of virtual payments, UPI integration, and rewards. Its lifetime free structure and attractive milestone benefits(with subscription) make it ideal for users who frequently transact via UPI. However, cashback caps and exclusions on specific categories may limit its appeal for certain users. To achieve the Milestone benefit, you need to take its subscription and while it is free now, it may not be free in the future.

Overall, it is an excellent choice for those looking to maximize rewards while enjoying the convenience of a virtual credit card.