Pay with Your RuPay Credit Card on UPI using Paytm

You can now use your RuPay credit card for UPI payments, giving you more flexibility in how you manage your daily expenses. This means you can scan any UPI QR code or pay online using your credit card, just like you would with your bank account.

In this article, we will cover what RuPay Credit Card on UPI is, its benefits, eligibility requirements, how to link your card to Paytm, making payments, and important transaction considerations.

What is RuPay Credit Card on UPI?

The RuPay Credit Card on UPI initiative allows you to link your RuPay-branded credit card to your UPI application, like Paytm. Once linked, you can use your credit card to make payments at merchants who accept UPI. This expands your payment options beyond direct debit from your bank account, letting you leverage your credit line for routine transactions. This feature was introduced by NPCI to integrate credit card benefits into the widely used UPI framework.

Why Use Your RuPay Credit Card on UPI?

Using your RuPay credit card for UPI payments comes with several advantages, making it a smart choice for many transactions.

• Earn Credit Card Rewards: Every payment you make with your linked RuPay credit card can help you earn reward points, cashback, or other benefits offered by your card issuer. These are the same rewards you would get with traditional credit card use.
• Manage Your Bank Balance: By using your credit card for UPI transactions, you can keep your savings or current account balance intact for a longer period. This can be helpful for managing your cash flow.
• Streamlined Payments: Payments are authorised with your UPI PIN, removing the need to enter your full card number, CVV, or wait for an OTP for each transaction. This makes the payment process quicker and smoother.
• Enhanced Security: All transactions are processed through the secure UPI framework and require your UPI PIN, adding an extra layer of protection compared to sharing card details directly.
• Track Credit Limits: Within your Paytm app, you can easily view your total and available credit limits for your linked RuPay credit card, similar to checking your bank account balance.

Eligibility for Linking Your RuPay Credit Card

Before you can link your RuPay credit card to Paytm UPI, ensure you meet a few key requirements. These criteria are set by NPCI and your card-issuing bank to ensure a smooth and secure process.

• You must have a RuPay Credit Card: Only credit cards with the “RuPay” logo are eligible for this feature.
• Your Bank Must Support the Feature: Your credit card must be issued by a bank that participates in the RuPay Credit Card on UPI program. Check your bank’s official website or contact their customer service to confirm.
• Active Paytm UPI Account: You need an existing and active UPI ID registered with a bank account on the Paytm app. This forms the foundation for linking your credit card.
• Matching Mobile Number: The mobile number registered with your credit card must be the same as the one linked to your Paytm UPI account. This is crucial for authentication and security.
• Updated KYC: Ensure your Know Your Customer (KYC) details are current with both your bank and within the Paytm app.

How to Link Your RuPay Credit Card to Paytm UPI

Linking your eligible RuPay credit card to the Paytm app is a simple process. Once linked, you will set a unique UPI PIN specifically for this credit card, which you will use to authorise payments.

Step 1: Open the Paytm app and tap on your profile icon in the top-left corner.

Step 2: Navigate to “UPI & Payment Settings.”

Step 3: Look for an option related to “Link RuPay Credit Card on UPI” or “Add Credit Card.”

Step 4: Select your credit card issuing bank from the list. The Paytm app will automatically detect eligible RuPay credit cards linked to your registered mobile number.

Step 5: Choose the RuPay credit card you wish to link. If you haven’t set a UPI PIN for this card before, you will be prompted to create one.

Step 6: Enter the last six digits of your RuPay credit card number and its expiry date.

Step 7: You will receive a One-Time Password (OTP) on your mobile number registered with your credit card. Enter this OTP into the app.

Step 8: Set a 4-digit or 6-digit UPI PIN for your RuPay credit card. Confirm the PIN by entering it again.

Step 9: Once confirmed, your RuPay credit card is successfully linked and ready for UPI payments.

Making Payments with Your Linked RuPay Credit Card

After linking your RuPay credit card to Paytm UPI, making payments is simple and works much like paying with your bank account. You can use it for scanning QR codes at shops or for online transactions.

For QR Code Payments:

This method is perfect for quick, everyday purchases at merchants.

Step 1: Open the Paytm app and tap on “Scan & Pay” from the home screen.

Step 2: Scan the UPI QR code displayed by the merchant. Paytm can scan and pay any UPI QR code.

Step 3: Enter the exact amount you wish to pay.

Step 4: On the payment confirmation screen, select your linked RuPay credit card as the payment source from the available options.

Step 5: Enter your 4-digit or 6-digit UPI PIN set for your RuPay credit card.

Step 6: The transaction will be processed instantly, and you will receive a confirmation message.

For Online Payments:

When shopping online, you can choose UPI as a payment option and use your linked RuPay credit card.

Step 1: On the checkout page of the website or app, select “UPI” as your payment method.

Step 2: Enter your UPI ID or choose to pay via the Paytm app if prompted.

Step 3: You will receive a payment request notification on your Paytm app. Open the application.

Step 4: Review the payment details and select your linked RuPay credit card as the payment source.

Step 5: Enter your UPI PIN for your RuPay credit card to authorise the payment.

Step 6: The payment will be completed, and you will be redirected back to the merchant’s website or app with a confirmation.

Understanding Transaction Limits and Considerations

While using your RuPay credit card on UPI is highly convenient, it is good to be aware of certain transaction guidelines. These are primarily set by the RBI and NPCI to ensure responsible use of credit.

• Person-to-Merchant (P2M) Only: RuPay credit cards on UPI are designed exclusively for payments to merchants. You cannot use them to send money to another individual.
• Transaction Thresholds: For certain merchant categories, transactions exceeding ₹2,000 using a RuPay credit card on UPI might have a small processing fee. However, many everyday transactions, especially with smaller merchants, often fall into categories that are exempt from such fees. It is always wise to check your specific bank’s terms and conditions regarding any potential charges.
• Merchant Category Codes (MCCs): Different types of merchants are identified by MCCs, which can influence how transactions are processed. For example, payments for education, utilities, and insurance typically do not incur interchange fees for transactions above ₹2,000 when paid via RuPay credit cards on UPI.
• Credit Card Statement: All transactions made using your RuPay credit card on UPI will be reflected on your monthly credit card statement, just like any other credit card purchase. This helps you keep track of your spending.