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

Utkarsh Small Finance Bank SuperCard Credit Card

Introduction

The Utkarsh Small Finance Bank SuperCard Credit Card, launched in association with super.money (a Flipkart Company), is a popular and innovative secured credit card in India. It stands out as a lifetime free credit card, with no joining or annual charges, and offers attractive cashback benefits across various online platforms and for everyday spending. Operating on the RuPay network, it supports UPI transactions, making it a versatile choice for digital payments. With a low minimum fixed deposit requirement of just ₹100, the SuperCard is highly accessible, making it an excellent option for individuals looking to begin their credit journey, improve their credit score, or simply enjoy a reliable card with assured cashback.

Welcome Benefits

• None explicitly stated. The card offers ongoing cashback benefits.

Fees

• Annual Fees: Nil
• Joining Fees: Nil
• Interest Free Period: Upto 45 days
• Late Payment Fees:
  • Nil, when the credit limit is below ₹100
  • 5% of Total Amount Due (TAD), when the credit limit is below ₹2,000
  • 10% of Total Amount Due (TAD), capped at ₹1,250, when the credit limit is equal to or above ₹2,000
• Service Charge: Nil
• Finance Charge [Annual Percentage Rate - APR]: Up to 3% per month (equivalent to 36% annual percentage rate). The same rate is applied for overdue balances including revolving credit, cash advances, overdue interest, and charges in case of default.
• Physical Card Fee: ₹299/- (Users need to pay this fee if the fixed deposit amount is less than ₹10,000 to obtain a physical card).
• Supplementary Card Annual Fees: No annual fee or joining fee.
• Cash Advance Fees:
  • On Domestic Cash Advance: 5% or ₹25, whichever is higher.
  • On International Cash Advance: 5% or ₹500, whichever is higher.
• Goods & Services Tax (GST): 18% on fees/charges and interest.
• E-statements: Nil

Rewards

• Cashback on specific merchants (non-UPI spends):
  • 5% Cashback on non-UPI spends at Myntra (online, web, or app), with a maximum cashback of ₹150 per statement month.
  • 3% Cashback on non-UPI spends at Cleartrip (online, web, or app), with a maximum cashback of ₹150 per statement month.
  • 2% Cashback on non-UPI spends at Flipkart (web or app), with a maximum cashback of ₹200 per statement month and ₹100 per transaction.
  • The total cashback across all ‘Preferred Merchants’ (Myntra, Cleartrip, Flipkart) is limited to ₹500 per statement month.
• General Cashback:
  • 1% cashback on all UPI and non-UPI credit card transactions.
  • Cashback for UPI transactions is limited to a maximum of ₹500 per statement month.
  • Cashback for non-UPI transactions is limited to a maximum of ₹10,000 per statement month.
• Interest on Fixed Deposit: Cardholders earn 6.5% interest per year on the underlying Fixed Deposit amount.
• Reward Type: Cashback.
• Cashback Exclusions: Cashback will not be awarded for the following types of transactions:
  • Government-related transactions
  • Agriculture and contractor services
  • Rent payments
  • Wallet loads, gift or prepaid card loads, and voucher purchases
  • Purchases of gold and jewelry
  • Insurance, post office transactions, and transit services
  • Education
  • Fuel
  • Cash advances
  • All types of EMI transactions

Rewards Redemption Guide

• Cashback earned on the SuperCard can be redeemed via the super.money App and directly credited to your bank account.

Card Eligibility Criteria

• Customer Type: Individual Customer.
• Required Details: Valid PAN details, Mobile number, and Email ID are mandatory.
• Residency: Must be an Indian Resident.
• Age Limit: 18 years and above (for FD-backed Credit Card).
• Fixed Deposit Requirement:
  • Users must create a digital fixed deposit using the super.money app and complete the KYC process.
  • Minimum Fixed Deposit Amount: ₹90.
  • Maximum Fixed Deposit Amount: ₹9 Lakh.
  • Cardholders receive a 90% credit limit of the fixed deposit amount.
• Documents Required: No additional documents are required for application once the KYC process is completed through the super.money app.

Card Review

The Utkarsh Small Finance Bank SuperCard Credit Card is an excellent choice for individuals seeking a straightforward credit card, especially for beginners or those aiming to build/rebuild their credit score. Its foundation as an FD-backed card allows for 100% approval upon making a fixed deposit, with a remarkably low minimum deposit of just ₹100. This flexibility, coupled with an attractive 6.5% interest earned on the fixed deposit, provides a dual benefit of credit building and savings.

The card offers compelling cashback rewards: a flat 1% on all UPI and non-UPI transactions, complemented by enhanced cashback rates of 5% on Myntra, 3% on Cleartrip, and 2% on Flipkart for non-UPI spends. While these preferential merchant cashbacks are capped at ₹500 per statement cycle, the overall value proposition remains strong for everyday spending. The card's availability on the RuPay network enables convenient UPI transactions.

For those desiring a physical card, a nominal fee of ₹299 is applicable if the FD amount is below ₹10,000. Overall, the SuperCard is a solid choice for its no-frills approach, assured cashback, and ease of access, serving as a valuable primary card for credit building or a reliable backup for maximizing cashback.

Important Product Details

• It is an FD-backed credit card, offering instant credit card approval upon making a Fixed Deposit.
• The card is issued by Utkarsh Small Finance Bank in partnership with super.money (a Flipkart Company).
• It is a lifetime free credit card, incurring no joining or annual charges.
• The card offers 1% cashback on all UPI and non-UPI transactions.
• Exclusive cashback offers include 5% on Myntra, 3% on Cleartrip, and 2% on Flipkart for non-UPI spends.
• It operates on the RuPay network, facilitating UPI payments.
• Customers can earn 6.5% interest on their fixed deposit amount.
• The minimum fixed deposit required to obtain the card is ₹90.
• The virtual card is activated within minutes of the onboarding journey through the Supermoney app.

Other Details

• Application Process: Apply for the SuperCard through the Supermoney app, which offers a do-it-yourself journey. Ensure your latest KYC details are updated.
• Card Activation & Green PIN Generation:
  • Customers receive an active virtual card within minutes of onboarding through the Supermoney app.
  • PIN generation and UPI setup can be done directly from the Supermoney app.
• Contact Information for Card Support:
  • Credit Card Support: 1800-309-3665
  • Supercard Support: 1800-309-7986
  • Email: supercard@utkarsh.bank, creditcards@utkarsh.bank
• Security Guidelines (Do's & Don'ts):

  • Do's

    • Create a strong, unique password for your Credit Card online transactions.
    • Always memorize your Personal Identification Number (PIN) and change it on a regular basis.
    • Set a limit on your domestic transaction channels (ECOM/POS//ATM) after receiving your Credit Card in order to transact.
    • In case of international transactions, enable international channels only when it is required or while you travel abroad.
    • Regularly review your Credit Card statements for any unauthorized transactions.
    • In case of loss/theft of card, Block or Freeze card from Supermoney app or call customer care at 1800-309-7986 or send an email to supercard@utkarsh.bank to get your card hot-listed.

  • Don'ts

    • Never share your Credit Card number, PIN, or CVV with anyone over the phone or online.
    • Do not allow anyone else to use your Card or enter your PIN for you.
    • Avoid using easily guessable information like birthdates or sequential numbers for your PINs or passwords.
    • Do not write down your PINs or passwords or store them in easily accessible places.
    • Beware of phishing - do not respond to emails, SMS, or calls asking for your card details or personal information.
    • Do not use your Credit Card on untrusted or unfamiliar websites.
    • Remember to follow the bank’s specific security guidelines and contact them immediately if you suspect any unauthorized activity on your Credit Card.
• Partnership Arrangement: Supermoney & Utkarsh SFB have an arrangement of revenue sharing (per card) which is used to fund the reward proposition of this card.