Utkarsh Small Finance Bank superCard Credit Card – Benefits, Fees & Eligibility

Introduction

The Utkarsh Small Finance Bank superCard is positioned as a digital-first credit card designed to seamlessly integrate with a user's digital lifestyle. It offers attractive rewards, notably 5% cashback on Myntra and 2% on Flipkart for non-UPI spends, along with a general 1% cashback on all UPI and non-UPI credit card transactions. A key differentiating feature is its FD-backed nature, making it accessible for individuals looking to build or improve their credit score, coupled with the benefit of no annual or joining fees.

Fees

• Joining Fee: Nil
• Annual Fees: Nil
• Supplementary Card Annual Fees: No annual fee or joining fee
• Physical Card Fee: ₹ 249/- plus taxes (replacement cards charged as per prevailing rate)
• Service Charge: NIL
• Interest Free Period: Up to 45 days
• Finance Charge [APR]: Up to 3% per month (equivalent to 36% annual percentage rate) for revolving credit, cash advances, overdue interest, and charges in case of default.
• Late Payment Fees:
  • Nil, when credit limit is below Rs 100.
  • 5% of Total Amount Due (TAD), when credit limit is below Rs 2,000.
  • 10% of TAD, capped at Rs 1250, when credit limit is equal to or above Rs 2,000.
• Cash Advance Fees:
  • Domestic Cash Advance: 5% or Rs. 25, whichever is higher.
  • International Cash Advance: 5% or Rs. 500, whichever is higher.
• Fuel Surcharge: Additional charge levied by the merchant (fuel station) for such transactions.
• Goods & Services Tax (GST): 18% on fees/charges & interest.
• E-statements: NIL

Rewards

• Cashback on Myntra: 5% cashback on non-UPI spends.
• Cashback on Flipkart: 2% cashback on non-UPI spends.
• General Cashback: 1% cashback on all non-UPI and UPI credit card transactions (effective from 11th August 2025).
  • Cashback on UPI transactions is capped at Rs 500 per statement month.
  • Cashback on non-UPI transactions is capped at Rs 10,000 per statement month.
  • Cashback on UPI transactions is subject to transactions being undertaken via the super.money application.
  • Cashback is only applicable on transactions where the transaction amount is greater than or equal to Rs 100.
• Free Cash Withdrawal: Available on Utkarsh Bank ATMs.

Rewards Redemption Guide

• Cashback details can be viewed in the transaction history for each transaction within the super.money app.
• To redeem available reward balance, visit the 'Rewards' section and 'Swipe to Redeem' in the super.money app.

Card Eligibility Criteria

• Customer Type: Individual Customer with Valid PAN details, Mobile number & Email ID.
• Residency: Has to be an Indian Resident.
• Age Limit: 18 years & Above (for FD Backed Credit Card).
• Minimum Deposit: The minimum deposit required is Rs 100/-. Credit limit assignment and minimum deposit amount are at the sole discretion of the Bank and subject to change.
• Credit Limit Determination: Your credit limit, linked to your deposit, is determined by your bureau score. With a great bureau score, you can receive 90% of your deposit amount as your credit limit. Consistent card usage and timely payments may lead to higher limits in the future.

Card Review

The Utkarsh Small Finance Bank superCard is an excellent option for individuals seeking to establish or improve their credit history, primarily due to its FD-backed nature and no annual or joining fees. The card offers competitive cashback rates, particularly for frequent shoppers on Myntra (5%) and Flipkart (2%), along with a decent 1% cashback on all other UPI and non-UPI spends (subject to caps and minimum transaction amount). The convenience of free cash withdrawals at Utkarsh Bank ATMs and seamless integration with the super.money app for digital transactions and UPI payments are significant advantages.

However, users should be mindful of the high finance charge of up to 3% per month if balances are revolved, and standard cash advance fees for domestic and international withdrawals outside of Utkarsh Bank ATMs. The physical card comes with a fee, and there are limitations such as no add-on card option and inability to change personal details like name or mobile number post-application. Overall, it's a strong contender for those comfortable with an FD-backed model and who can manage their payments diligently to avoid high interest charges, leveraging its digital benefits and cashback rewards.

Important Product Details

• No Annual Fee and No Joining Fee.
• Offers 5% cashback on non-UPI spends on Myntra and 2% on Flipkart.
• Provides 1% cashback on all non-UPI and UPI credit card transactions (effective from 11th August 2025), with monthly caps of Rs 500 for UPI and Rs 10,000 for non-UPI.
• Free cash withdrawal facility at Utkarsh Bank ATMs.
• FD-backed credit card, ideal for building credit history.
• Virtual card is active within minutes of onboarding via the Supermoney app.
• Allows PIN generation and UPI setup directly from the Supermoney app.
• High finance charge of up to 3% per month (36% APR) on revolving credit and cash advances.
• Cash advance fees apply for domestic (5% or Rs. 25, whichever is higher) and international (5% or Rs. 500, whichever is higher) withdrawals.
• A fee of ₹ 249/- plus taxes is charged for a physical card.
• Fuel surcharge is levied by the merchant.
• Credit limit is linked to the deposit amount, up to 90% of the deposit for good bureau scores.
• Credit limit can be increased by creating additional deposits and decreased by withdrawing deposits (subject to outstanding balance).
• No option to apply for an add-on card.
• Cannot change name, mobile number, or email ID linked to the card post-application.
• Card becomes inactive if not used for 30 days post-issuance, with a 7-day window for reactivation before closure.
• Once closed, the card cannot be reopened, re-issued, or reactivated.

Other Details

• Issuing Bank: Utkarsh Small Finance Bank.
• Application Process: Visit the Supermoney app and apply for superCard through a do-it-yourself journey.
• Documents Required: For application, ensure latest KYC details are updated. You will need your Aadhaar-linked mobile number, Aadhaar details, a pen, paper, and your original physical PAN Card for Video KYC.
• Virtual Card: Customer receives an active virtual card within minutes of onboarding.
• PIN Generation: PIN can be generated from the Supermoney app.
• UPI Integration: Card can be linked to Supermoney UPI for seamless UPI transactions.
• Cash Withdrawal Limit: Up to 20% of the credit limit.
• Maximum Deposit: Currently, a deposit of up to Rs 1,80,000 can be created during the application journey.
• Credit Limit Management: Credit limit can be enhanced by creating additional deposits or decreased by withdrawing deposits (provided outstanding bill is covered). Withdrawing all deposits will lead to card deactivation.
• Deposit Interest: Deposits continue to earn the applicable interest rate if kept for the entire year. Early withdrawal may result in loss of interest.
• Existing Deposits: Existing deposits with Utkarsh SFB cannot be linked to the card during application.
• Deposit Liquidation: In case of delayed repayment, linked deposits may be utilized to settle the outstanding bill.
• Credit Utilization: Calculated as the percentage of credit utilized out of the total available credit limit. Transactions exceeding 100% credit utilization will be declined.
• Statement Generation: Statements can be generated on the 1st, 10th, 20th, and 25th of every month. The next statement generation date is viewable on the card's home page in the super.money app.
• Payment Due Date: 15 days after monthly statement generation.
• Payment Modes: Repayment of the credit card bill is currently supported only through UPI using the super.money app. Standing instructions for repayment are not offered.
• Delayed Payments: Non-payment before the due date incurs late payment charges and interest, potentially impacting the credit score.
• Dispute Resolution: Users can raise disputes for unauthorized transactions via the super.money app. Disputed amounts are not required to be paid during investigation but are temporarily blocked from the credit limit.
• Card Details Modification: Currently, there is no option to change the name, mobile number, or email ID linked to the card. Application details like name, mother's name, deposit amount, PAN, or phone number cannot be edited once submitted.
• Card Inactivity/Closure: If the card is not used for 30 days post-issuance, it becomes inactive. A 7-day window is provided for reactivation. If not reactivated, the card will be closed. Once closed, it cannot be reopened, re-issued, or reactivated.
• Physical Card Delivery: Expected within 7-10 working days and can be tracked via the super.money app.
• International Usage: The card can be used for international travel, provided international transactions are enabled in card controls.
• UPI Restrictions: Credit card payments using UPI mode are not permitted for certain merchant categories due to regulations (e.g., digital account opening, lending platforms, cash withdrawal at merchant/ATM locations).
• Credit Bureau Impact: Applying for the card may impact the credit score as the bank requests consent to pull credit bureau data. Monthly reporting to credit bureaus is mandatory.
• Deposit Maturity: The maturity tenure for the FD linked to the card is 1 year, with automatic renewal as per reinvestment instructions.
• Refund Process: Detailed process for refunds against failed/reversed transactions, including adjustment against outstanding dues or direct refund to the bank account.
• Security Guidelines (Do's & Don'ts):
  • Do's: Create strong passwords, memorize PIN and change regularly, set limits on domestic transactions, enable international channels only when required, regularly review statements, block/freeze lost/stolen cards immediately.
  • Don'ts: Never share card number, PIN, or CVV; do not allow others to use the card; avoid easily guessable PINs/passwords; do not write down PINs/passwords; beware of phishing; do not use on untrusted websites.
• Legal Documents: Most Important Terms & Conditions (MITC), Key Fact Statement (KFS), Card Member Agreement, and Approved Credit Card Policy are available for download.
• Revenue Sharing: Supermoney & Utkarsh SFB have a revenue sharing arrangement (per card) that funds the reward proposition of this card.