UPI credit cards let you scan any merchant QR code and pay from a credit line instead of your bank account. The Kredit.Pe YES BANK UPI Credit Card is a lifetime free UPI card that adds a twist: pay through the Kredit.Pe app and you earn 3% Kredit.Pe Cashback, on top of regular YES BANK reward points.
How the rewards work
| Where you spend | What you earn |
|---|---|
| UPI spends through Kredit.Pe | 3% Kredit.Pe Cashback |
| Digital gold purchases | 5% Kredit.Pe Cashback, unlimited |
| Online shopping | 8 YES BANK reward points per ₹200 |
| Offline spends | 4 YES BANK reward points per ₹200 |
| Utilities, insurance, government services | 2 YES BANK reward points per ₹200 |
| Linking the card to Kredit.Pe UPI | 500 Kredit.Pe Cashback |
How Kredit.Pe Cashback works: 1 Kredit.Pe Cashback = ₹1, but it can only be redeemed inside the Kredit.Pe app, for shopping discounts, utility bills, recharges, vouchers or 6% off digital gold. It is not credited to your card statement.
What you would actually earn
Say you pay ₹10,000 a month by UPI at local shops and restaurants through Kredit.Pe. That earns ₹300 of Kredit.Pe Cashback a month, or about ₹3,600 a year, plus the 500 joining credit. If you use the app for bill payments and recharges anyway, that cashback is easy to spend. If you don’t, it is worth less to you than plain statement cashback.
Things to keep in mind
- The 3% rate needs you to pay through the Kredit.Pe app, not just any UPI app.
- The 3.5% forex markup is high, so avoid using this card abroad or on foreign websites.
- Pay your full bill every month. UPI spending is easy to lose track of, and interest would erase your cashback.
On the YES BANK points side, online shopping earns the most, so if you are choosing between paying online with the card or by UPI elsewhere, compare the Kredit.Pe 3% against the points you would earn.
Fees and charges
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Forex markup | 3.5% on eligible international transactions |
| Fuel surcharge | 1% waiver on ₹500–₹3,000, subject to a monthly cap |
Eligibility
| Age | 21 to 65 years |
|---|---|
| Employment | Salaried or self-employed |
| Income (salaried) | ₹25,000 a month or more |
| Income (self-employed) | ITR above ₹7.5 lakh a year |
| Credit score | 720 or above |
Documents you will need
- Identity: PAN card (or Form 60)
- Address: Aadhaar, passport or a recent utility bill
- Income: latest salary slips or bank statements
How to apply
- Tap Apply on Kredit.Pe site on this page. You will be taken to the Kredit.Pe app on the App Store or Play Store.
- Install the app and start the YES BANK credit card application.
- Complete the application and KYC in the same session, using your Aadhaar-linked mobile number.
- Once approved, link the card to Kredit.Pe UPI to collect the 500 Kredit.Pe Cashback.
Who should get it, and who shouldn’t
Get it if you pay by UPI a lot, want a free card to do it with, and are happy using the Kredit.Pe app for bills and recharges.
Skip it if you want cashback credited straight to your statement, or you need a card for international spending.
