Using UPI for Credit Card Payments: A Comprehensive Guide

With the rise of digital payment solutions, Unified Payments Interface (UPI) has become an increasingly popular means of transferring funds.

Can You Use UPI to Make Payments with Your Credit Card?

Yes, you can now use UPI to make payments with your credit card. While rupay credit cards are currently the only ones supporting UPI, other major banks and credit card issuers are now offering UPI-linked credit cards. Paisabazaar, for instance, provides secured credit cards against a minimum Rs. 2000 fixed deposit partnered with SBM bank, and Superpay from IDFC bank issues UPI-based rupay credit cards.

Other UPI-based credit card options are available as well, such as the Superpay credit card, which can be obtained with a mere 100Rs fixed deposit. To register for a UPI-based credit card, click the link provided.

How to Pay Your Credit Card Bill Using UPI

You can use UPI to pay your credit card bills, making it a convenient and hassle-free method. Many banks and credit card issuers now provide the option to pay credit card bills through UPI, and also offer rewards like cashback and vouchers for transactions made through UPI. Apps such as Bajaj Finserv Mobikwik and Google Pay may offer additional perks, such as cashback on your payments, further simplifying the process.

Alternative Payment Methods

While UPI is a convenient option, you can also pay your credit card bills using other methods such as NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service), net banking, and UPI payments. Each of these methods offers its own benefits and convenience, providing you with multiple options to choose from.

Important Considerations

When using UPI to make credit card payments, remember that the UPI is linked to a bank account, which must have sufficient funds to cover the payment. Most bank apps allow you to make credit card balance payments through UPI, such as SBI YONO, ICICI, and Amazon Pay, which also have payment links for credit cards. UPI does not reveal the bank account information linked to the UPI ID to the payee, which reduces the chances of fraud.

However, it's important to note that a credit card cannot be used to make other credit card balance payments. With UPI, you can pay VISA and MasterCard credit card bills on Paytm, though additional mechanisms like CRED now allow you to pay any credit billing through UPI and earn rewards in the process.

FAQs

Can You Use Any UPI ID to Make a Credit Card Payment?

Yes, as long as the UPI ID is linked to a bank account with sufficient funds for the payment. Using UPI for credit card payments offers the security of not revealing the bank account details to the payee.

Are There Any Other Rewards for Using UPI to Pay Credit Card Bills?

Yes, some apps like CRED offer extra rewards like cashback on your payments, making UPI a great choice for saving on credit card bills.

Can I Use UPI to Pay for My SBI Credit Card Bill?

Yes, you can use UPI to pay your SBI credit card bill. The UPI ID for SBI credit card payments is @sbi. For detailed instructions on how to make the payment, please refer to the BHIM SBI Pay App video.