Kiwi Credit Card
UPI is the most common mode of payment at this time, and if a card that gives up to 5% cashback on UPI spends well, it is the Kiwi Credit Card, which gives cashback on every UPI spend and is also lifetime free.
Is it really worth applying for the Kiwi UPI credit card? What are the actual benefits, pros and cons and my verdict on who should apply and who shouldn’t? So read this complete review before applying.
Kiwi Credit Card Features
| Feature | Details |
|---|---|
| Joining Fee | ₹0 (Lifetime Free) |
| Annual Fee | ₹0 (Lifetime Free) |
| Fee Waiver | Lifetime Free Credit card. |
| Base Reward Rate | 5% |
| Best Reward Categories | online shopping |
| Lounge Access | Lounge access on spend based on every ₹50,000 spends 1 Lounge Access |
Kiwi Credit Card Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Income | ₹15,000 / month |
| Employment Type | Salaried & Self Employed |
| Age Requirement | 21-65 Years |
If you’ve good credit score and an annual income of more than ₹3 Lakh, then you can apply for this card. The approval rate of this card is very good and quick, also. Remember this is a virtual credit card which you can use through the Kiwi App, so the approval is easier than other physical cedit card.
Kiwi Credit Card Rewards & Benefits
| Reward Type | Details |
|---|---|
| Welcome Bonus | ₹100 Cashback on Joining |
| Bonus Categories | Kiwi, Rupay Credit Card, Yes Bank, AU Bank |
| Reward Structure |
|
| Reward Exclusions | No Cashback on Agriculture services, Government, Fuel, Jewelry, rent, insurance, telecom bills, education fees, transportation, marketing & advertising, professional service, etc. |
Well, many people will stillbe confused that this card gives 5% cashback on every UPI spend, so read this for clarification –
If you apply for this card and get approved, it will be free by default, with no joining fee and no annual fee. In that case, you’ll start getting 1.5% Cashback instantly on UPI spends up to the limit, which we discuss further.
Now, if you spend more through UPI and want more cashback, then Kiwi offers its Neon membership worth ₹999, so if you take the membership, then you’ll get more cashback as mentioned below:-
- 3% Cashback at ₹50,000 spent + 1 Lounge Access
- 4% Cashback at ₹1 Lakh spent + 1 additional Lounge Access
- 5% Cashback at ₹1.5 Lakh spent + a more Lounge Access
So this is the reality of 5% cashback if you take membership and your annual spend is 1.5 Lakh, then you’ll get the maximum benefit of out it of cashback and 3 Lounge access also.
You should also keep in mind that the cashback limit is 1% of your card limit. For example, if your limit is 2 Lakh, then you’ll get a maximum of ₹2,000 as cashback per month.
How Kiwi Gives Cashback ?
Kiwi gives Kiwi points as reward points for every spend. 4 Kiwi points are equal to ₹1, and you can withdraw the amount equivalent to Kiwi points directly into your bank account.
For example, if you spend ₹1,50,000 (with Kiwi membership) in a year through the Kiwi app and card, then you’ll get 30,000 Kiwi reward points, which is equal to ₹7,500 or 5%
Is Kiwi Membership really worth?
Kiwi Neon membership worth ₹999 + GST is worth it or not is tatally depends on your spending. If your spending is very less through UPI and 5% cashback will be less than membership fee, then you should not take and enjoy free card with 1.5% cashback but if you spend a lot through UPI, like more than 1 Lakh, then you should join membership if you have this card beause it gives more value in terms of cashback to you then its joining fee.
How to Apply for Kiwi Credit Card
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Check Eligibility
If your monthly income is ₹15,000 or more , your age falls within 21-65 Years , and you are a Salaried or Self-Employed applicant , and you meet other basic requirements, you can apply for the Kiwi Credit Card by following the steps below.
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Click Apply Now
Click the apply button below to visit the official application page. The process is secure, fully online, and can be completed in just a few minutes.
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Fill Application Form
Enter your personal, employment, and income details accurately as per your official documents.
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Submit Documents
Upload PAN, Aadhaar, address proof, and income proof if requested during the application.
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Approval & Delivery
Once approved, your credit card will be dispatched and delivered to your registered address.
Pros & Cons
Pros
- Lifetime Free Rupay Credit card.
- UPI Cashback upto 5% which is Good.
- Lounge Access on spending milestones.
- Easy & Quick Approval of this card.
Cons
- 1.5% cashback on UPI without its membership.
- After membership, need to spend more to get more cashback % (5% @ 1.5 Lakh spend)
- No physical card only virtual in Kiwi App.
- Max limit of cashback is 1% of total spending limit.
Our Verdict
After getting all the information, I can say that this is a very good virtual credit card that gives cashback on UPI spends. obviously for higher cashback like 3-5%, you need to get its membership, but that is worth it if you spend and get more cashback than its price.
Overall, a free-to-apply and lifetime free Rupay UPI Credit card is a good option for its purpose, with lounge access also, so it depends on your spending pattern to apply for it or not. If you spend a lot on UPI, then you can apply for this card; otherwise, there are always other options.
