Edge CSB Bank RuPay Credit Card – Benefits, Fees & Eligibility

Edge+ CSB Bank RuPay Credit Card

The Edge+ CSB Bank RuPay Credit Card is an innovative financial product offered in partnership by CSB Bank and Jupiter, exclusively available on the Jupiter platform. This card brings the convenience of UPI payments to credit card spending, allowing users to scan with UPI and pay with their credit card. It aims to help users save significantly, with potential savings of ₹50,000+ annually, through assured cashback on popular brands across shopping and travel categories. The card is designed to be lifetime free for a limited number of users, providing an accessible and rewarding experience for daily online and offline transactions.

Welcome Benefits

• Receive a ₹250 voucher from top brands such as Swiggy, Amazon, Flipkart, Zomato, and Myntra.
• This welcome benefit is awarded upon making the first successful UPI transaction on the Jupiter app.
• A minimum transaction amount of ₹2,000 is required to qualify for the voucher.

Fees

• Joining Fee: Nil. A joining fee of ₹499 may also apply, as mentioned in some product features.
• Renewal Fee: Nil. The card is positioned as "Lifetime free," with "No Annual Fee, ever!" for the first 2 lakh users.
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 3.5% on each international transaction.
• Interest Rates: 3.5% per month, equating to 42% annually, on the outstanding amount.
• Fuel Surcharge: 1% waiver on transactions above ₹400 and up to ₹3,000.
• Cash Advance Charges: Not applicable.
• Rent Payment Fee: A 1% fee is charged on rent payments made with this credit card.

Rewards

• Accelerated Cashback (Official Bank Page - Edge+ variant):
  • 10% cashback on top shopping brands.
  • 5% cashback on top travel brands.
  • 1% cashback on all online & offline spends.
• Flexible Accelerated Cashback (Based on reviews/Edge variant):
  • 2% assured cashback on UPI spends in one selected category of your choice (Dining, Shopping, or Travel) through the Jupiter app.
  • Cardholders can change their selected accelerated cashback category once every three billing cycles.
  • This 2% cashback is applicable to transactions related to Movies & Dining and Travel within the chosen category.
• Base Cashback:
  • 0.4% cashback on all other eligible in-store and online purchases made with the card, including UPI and credit card spends.
• Monthly Cashback Cap: A maximum of 15,000 Reward Points, equivalent to ₹3,000 cashback, can be earned in a month from both base and accelerated rewards combined.
• Insurance Benefits:
  • Personal Accident and Permanent Disability Cover up to ₹10 Lakh.

Rewards Redemption Guide

• Cashback earned with this card is provided in the form of Reward Points, also referred to as Jewels.
• The redemption value is 5 Reward Points (Jewels) = ₹1.
• Reward Points have lifetime validity and never expire.
• A minimum of 100 Reward Points is required for redemption.
• Points can be redeemed against various options including cash, digital gold, and vouchers directly through the Jupiter app.

Card Review

• Overall Verdict: The Edge+ CSB Bank RuPay Credit Card is an excellent choice for individuals seeking a lifetime free credit card that rewards UPI transactions. Its unique feature of allowing users to choose their preferred accelerated cashback category makes it highly adaptable to diverse spending habits, whether you prioritize dining, shopping, or travel.
• Pros:
  • Lifetime free status (Nil annual fee, with potential Nil joining fee or a low one-time fee).
  • Offers accelerated cashback (up to 10% on shopping, 5% on travel, or a flexible 2% on a user-chosen category) tailored to individual spending preferences.
  • Rewards UPI payments, a significant advantage in the digital payment ecosystem.
  • Comes with a user-friendly Jupiter app for seamless expense tracking and card management.
  • Provides valuable insurance benefits, including Personal Accident and Permanent Disability Cover.
  • Welcome voucher for initial UPI transactions adds immediate value.
• Cons:
  • The base reward rate of 0.4% for non-accelerated spends is relatively low compared to some other cards.
  • A high foreign currency markup of 3.5% for international transactions.
  • High interest rates of 3.5% per month (42% annually) on outstanding balances.
  • Several transaction types are excluded from earning reward points, including fuel, government services, rent payments, utility bills, wallet loads, and EMI schemes.
  • The interest-free period is forfeited if the total amount due from the previous month is not paid in full.

Important Product Details

• The card is a co-branded offering by CSB Bank and Jupiter, managed exclusively through the Jupiter app.
• It supports UPI payments, allowing cardholders to scan with UPI and utilize their credit card for transactions.
• Users can track their rewards and spending insights for both UPI and credit card transactions directly via the Jupiter app.
• The card features 1-click controls for easy management.
• It is designed to be lifetime free, meaning no annual fee, ever, for the first 2 lakh users.
• Cardholders have the flexibility to select one primary spending category (Dining, Shopping, or Travel) to earn accelerated cashback, with the option to change it once every three billing cycles.
• Cashback is accrued as Reward Points (Jewels) which can be redeemed for various options like cash, digital gold, or vouchers.
• A monthly cap of ₹3,000 (15,000 Reward Points) applies to the total cashback earned.
• The card is available in both virtual and physical formats; a virtual card is issued instantly upon approval, followed by the physical card delivery within 15 days.
• It provides Personal Accident and Permanent Disability Cover up to ₹10 Lakh.
• An interest-free period ranging from 13 to 47 days is available.

Other Details

• How to Apply for the Edge+ CSB Bank RuPay Credit Card:
  • Install the Jupiter app on your mobile device.
  • Initiate the registration process by verifying your phone number.
  • Proceed with the card application by providing basic details, including email, marital status, annual income, and PAN card details.
  • Complete the KYC (Know Your Customer) process, which involves video-KYC verification.
  • Upon successful completion of the KYC, you will be notified about the status of your credit card application.
  • Once approved, a virtual card will be issued immediately on the Jupiter app, and the physical card will be delivered to your registered address within 15 days.
• Grievance Redressal:
  • 1st Level Escalation:
    • For immediate chat support, open the Jupiter app and click on the top right help icon.
    • Email your query to edge-csb-support@jupiter.money.
    • Call 8655055086 and press option 4 for RuPay card related queries.
  • 2nd Level Escalation:
    • Email to csb.grievance@jupiter.money.
  • 3rd Level Escalation:
    • Email your query to customercare@csb.co.in.
    • Call the helpline number at 1800-266-9090.
• Consent and Data Sharing:
  • By applying, you authorize CSB Bank to share your details with AMICA Financial Technologies Pvt Ltd for the issuance of the CSB Bank co-branded credit card.
  • You accept CSB Bank's Privacy Policy.
  • You consent to receive calls/communications from CSB Bank, its representatives, affiliates, and service providers about its products.
  • You agree to share your data with the Bank’s affiliates/service providers for offering various other products.
  • You authorize CSB Bank to securely store and use your data (including credit information report, website/app behavior through cookies, personal/employment-related information) to determine eligibility for and enable applications for future products.
  • You confirm that this consent shall prevail over any current or subsequent registration of your number for NDNC.
• Third-Party Website Disclaimer:
  • Applying for the card may involve being redirected to a third-party website, Amica Financial Technology Pvt Ltd (Jupiter Money brand).
  • This third-party website is not owned, controlled, operated, or endorsed by CSB Bank.
  • Any interaction with the third-party website is at your own risk and subject to its terms of use, data privacy, and security policies.
  • CSB Bank disclaims all liability for any loss, damage, or consequences arising from accessing the third-party website, including service deficiencies, technical errors, data loss/theft, or any other issues.
• Interest-Free Period Condition: The interest-free period of 13 to 47 days will not be applicable if the total outstanding amount from the previous billing cycle is not paid in full.
• Transactions Ineligible for Reward Points: Reward points will not be earned on the following types of transactions:
  • Purchases of fuel.
  • Any transactions related to government services.
  • Rent payments.
  • Utility bill payments (such as for electricity and gas).
  • Wallet loads.
  • Transactions for buying gift or prepaid cards or vouchers.
  • Cash advances.
  • Payments made towards outstanding balances.
  • Card fees and other charges.
  • All transactions made under any EMI schemes, including but not limited to EasyEMI, SmartEMI, and Dial-an-EMI.