✅ Handpicked by FindMyCard · Updated October 2026

Top 5 UPI Cashback Credit Cards

RuPay credit cards linked to UPI let you earn cashback on everyday QR payments, not just card swipes. Here are the 5 we'd actually recommend, ranked by real cashback rate and fee.

1 🏆 Top Pick

KIWI UPI RuPay Credit Card

4.7/5
YES Bank
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💡 Up to 5% cashback through the Kiwi Neon spend-milestone program, on a 1.5% base rate for everyday UPI Scan & Pay.
KIWI UPI RuPay Credit Card by YES Bank
Joining Fee Lifetime Free
Annual Fee Free
Best Suited For Daily UPI Payments, Scan & Pay Cashback, Zero Fee RuPay Spends
Rewards Type Cashback

Rewards Rate

Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base reward: 6 Kiwis per ₹100 spent)

Welcome Benefits

Direct UPI QR Scan & Pay integration on Kiwi App with up to 5% cashback

Card Details +

Key Advantages

  • ✓ 100% Lifetime Free credit card with zero joining and annual fees
  • ✓ Earn up to 5% cashback on all eligible UPI transactions
  • ✓ Native RuPay credit card integration directly linked to Kiwi UPI App
  • ✓ Direct cashback redemption as statement credit balance (1 Kiwi = ₹0.25)
  • ✓ Domestic airport lounge access available via Neon spend milestones

Limitations

  • ✕ Top 5% cashback requires optional Kiwi Neon subscription and annual spend milestones
  • ✕ Minimum balance of 500 Kiwis (₹125) required to trigger cashback redemption
  • ✕ No reward points earned on fuel, rent, wallet, insurance, telecom, or utility spends
Full Card Review →
2

HSBC RuPay Cashback Credit Card

3.0/5
HSBC Bank
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💡 10% cashback on dining, grocery and food delivery, plus 1% on UPI and other spends, capped at ₹400/month, one of the highest headline rates on this list.
HSBC RuPay Cashback Credit Card by HSBC Bank
Joining Fee 1st Year Fee: ₹499* Plus Applicable Taxes
Annual Fee 1st Year Fee: ₹499* Plus Applicable Taxes
Best Suited For UPI Payments, Dining Spends, and Everyday Household Groceries via Direct Cashback
Rewards Type Cashback

Rewards Rate

10% cashback on dining, grocery, and food delivery spends; 1% cashback on other eligible spends, including UPI transactions; Cashback is capped at ₹400 per month

Welcome Benefits

₹500 cashback upon downloading and logging into the HSBC India mobile banking app and spending ₹10,000 within 30 days of card issuance (applicable till 31 Mar 2026); Complimentary 2-month EazyDiner Prime membership on card activation (if activated between 15 July 2025 and 31 Mar 2026)

Card Details +

Key Advantages

  • ✓ 10% cashback on dining, groceries and food delivery
  • ✓ 1% cashback on UPI payments via the RuPay network
  • ✓ Zero forex markup until 31 December 2026
  • ✓ Cashback credited directly to your statement, no point conversion needed
  • ✓ Fee waived on ₹2 lakh in annual spend

Limitations

  • ✕ Tight monthly billing cycle cashback earning cap strictly limited to a maximum of ₹400
  • ✕ Completely excludes all international and foreign currency spends from earning any cashback value back
  • ✕ Extensive list of day-to-day transaction exclusions (fuel, utilities, insurance, rent, wallet top-ups, education, and govt fees) that yield zero cashback returns
Full Card Review →
3

Kotak UPI Rupay Credit Card

4.3/5
Kotak Bank
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💡 A flat 3% cashback on every UPI transaction, domestic or international, with no category restrictions to track.
Kotak UPI Rupay Credit Card by Kotak Bank
Joining Fee Lifetime Free
Annual Fee Free
Best Suited For Instant UPI Merchant QR Payments
Rewards Type Cashback

Rewards Rate

3 Reward Points per ₹100 on UPI and card spends (about 0.3% back; 1,000 points = ₹100)

Welcome Benefits

Welcome gift benefit on card activation & joining fee payment

Card Details +

Key Advantages

  • ✓ Lifetime free virtual RuPay card that works on UPI
  • ✓ Earns reward points on UPI payments, which many cards exclude
  • ✓ Reward points redeemable across the Kotak Rewards catalogue

Limitations

  • ✕ No airport lounge access
  • ✕ No accelerated category multipliers, flat rate only
  • ✕ Virtual-only card, positioned for UPI use rather than premium benefits
  • ✕ Low reward value: 3 points per ₹100 works out to about 0.3% back
Full Card Review →
4

YES Bank POP CLUB Credit Card

4.8/5
YES Bank
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💡 5% instant POPcoins specifically on POP UPI payments, on top of 10 POPcoins per ₹100 on other online spends.
YES Bank POP CLUB Credit Card by YES Bank
Joining Fee Lifetime Free
Annual Fee Free
Best Suited For Online Shopping, UPI Payments over RuPay, Merchant Rewards & Lifestyle Vouchers
Rewards Type Reward Points

Rewards Rate

10 POPcoins per ₹100 online spends; 2 POPcoins per ₹100 offline spends; 5% instant POPcoins on POP UPI

Welcome Benefits

Welcome benefits worth ₹5,000 including 500 POPcoins, Zomato Gold 3-month membership, Cleartrip ₹750 voucher, Blinkit free deliveries & Cult.sport voucher

Card Details +

Key Advantages

  • ✓ 100% Lifetime Free credit card with zero joining and annual fees
  • ✓ RuPay network support for direct UPI payments
  • ✓ Generous welcome package worth ₹5,000 across Zomato, Cleartrip, Blinkit, Cult.sport & Rapido
  • ✓ Accelerated 10 POPcoins per ₹100 spent online and 5% POPcoins on POP UPI app transactions
  • ✓ Quarterly milestone bonus of 1,500 POPcoins on crossing ₹1.5 Lakhs in spends

Limitations

  • ✕ Does not include complimentary domestic or international airport lounge access
  • ✕ Existing YES Bank credit cardholders are ineligible to apply
  • ✕ Foreign currency transaction markup fee of 3.4% applies on international spends
Full Card Review →
5

HDFC Bank UPI RuPay Credit Card

4.5/5
HDFC Bank
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💡 3% on groceries, dining and supermarkets via UPI, 2% on utilities, 1% on everything else, from a widely accepted issuer.
HDFC Bank UPI RuPay Credit Card by HDFC Bank
Joining Fee ₹99 + GST
Annual Fee ₹99 + GST
Best Suited For UPI Payments, Groceries, Supermarket & Utility Spends
Rewards Type Cashback

Rewards Rate

3% CashPoints on groceries, dining & supermarket; 2% on utilities; 1% on other eligible spends

Welcome Benefits

Virtual card instant activation with MyCards integration

Card Details +

Key Advantages

  • ✓ Earn CashPoints on both regular and UPI payments made via BHIM, Paytm, PhonePe, Google Pay, etc.
  • ✓ 3% CashPoints on grocery, supermarket, dining, and PayZapp spends
  • ✓ 2% CashPoints on utility payments
  • ✓ Issued digitally as a virtual card without physical card maintenance hassles
  • ✓ Low annual fee of ₹99 with easily reachable spend waiver of ₹25,000

Limitations

  • ✕ 1 CashPoint = ₹0.25 valuation when redeemed against statement balance
  • ✕ Monthly cashback cap of 500 CashPoints per spend category
  • ✕ Excludes fuel, wallet reloads, rent payments, government transactions, and EMI spends
  • ✕ No airport lounge access or travel benefits
Full Card Review →

5 Best UPI Cashback Credit Cards in India at a Glance

5 Best UPI Cashback Credit Cards in India Comparison Table
Card Fee Rating
1. KIWI UPI RuPay Credit Card Free ★ 4.7 View →
2. HSBC RuPay Cashback Credit Card 1st Year Fee: ₹499* Plus Applicable Taxes ★ 3.0 View →
3. Kotak UPI Rupay Credit Card Free ★ 4.3 View →
4. YES Bank POP CLUB Credit Card Free ★ 4.8 View →
5. HDFC Bank UPI RuPay Credit Card ₹99 + GST ★ 4.5 View →

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