How to make UPI payment through Credit card? Use it as your advantage (2024)

Introduction

In this article you will know how to make UPI payment through credit card. With advancements in technology, we now have a plenty of options in our hands, all designed to make our lives easier. One such innovative payment method that has gained immense popularity is the UPI credit card. This groundbreaking solution brings together the best of both worlds – the seamless experience of UPI (Unified Payments Interface) and the versatility of a credit card. By combining these two powerful elements, the UPI credit card offers users a unique and unparalleled payment experience. In this article you will know how to make UPI payment through credit card.

Now, let’s delve into the exciting world of UPI credit cards and explore how you can benefit from this modern payment solution. This article aims to provide you with a comprehensive guide that will walk you through the entire process, ensuring that you have all the necessary knowledge to make the most of this cutting-edge payment method.

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How to make upi payment through credit card

Prerequisites:

UPI-enabled mobile application: Download and install a UPI-enabled mobile application on your smartphone. Popular options include Google Pay, PhonePe, Paytm, and BHIM.
Linked credit card: Link your eligible credit card to the UPI app. This process may vary depending on the app, but it typically involves entering your credit card details and verifying them with an OTP (One-Time Password) sent to your registered mobile number.
UPI ID: Create a unique UPI ID for your credit card. This will be used to identify your account for UPI transactions.

Steps to make UPI payments through credit card:

Open UPI app and log in: Launch the UPI app on your smartphone and log in to your account.
Select payment option: Choose the “Send Money” or “Payment” option from the app’s main menu.
Enter recipient details: Enter the recipient’s UPI ID, bank account details, or phone number. You can also scan a QR code provided by the recipient.
Specify payment amount: Enter the amount you want to transfer.
Choose payment method: Select “Credit Card” as the payment method.
Enter UPI PIN: Enter your UPI PIN to authenticate the transaction. Your UPI PIN is a unique 4-6 digit number that you set when creating your UPI ID.
Review and confirm payment: Review the payment details, including the recipient, amount, and payment method. Once you’re satisfied, tap on the “Confirm” or “Pay” button.
Authorization and confirmation: You may receive an additional authorization prompt on your phone or an OTP to your registered mobile number. Enter the required details to complete the transaction.
Payment confirmation: Once the payment is processed successfully, you will receive a confirmation message on your phone. The recipient will also receive a notification about the received payment.

Here are some of the benefits of UPI transactions:

Seamless and user-friendly: UPI made it easy to send and receive money online. It is the most advanced and fastest method of transaction right now.
Single platform for multiple bank accounts: Users can link multiple bank accounts to a single UPI app, making it easy to manage and transfer funds between different accounts.
Virtual payment address: Instead of sharing sensitive bank account details, users can use a virtual payment address (VPA) for transactions, enhancing privacy and security.
Multi-layered authentication: UPI transactions are secured with multiple layers of authentication, including a UPI PIN, fingerprints, or pattern locks, to protect against unauthorized access.
Real-time transaction monitoring: UPI transactions are monitored in real-time, reducing the risk of fraud and ensuring secure fund transfers.
Availability: UPI transactions can be done anytime, even outside of bank working hours.
Free transactions: UPI transactions are free of charge, unlike traditional methods like NEFT or RTGS, which may incur transaction fees.
Reduced cash handling costs: UPI promotes a cashless economy, reducing the costs associated with cash handling and transportation.
Accessible to all: UPI is accessible to anyone with a smartphone or feature phone and a bank account, making it an inclusive payment solution for all segments of society.
Encourages digital literacy: The adoption of UPI encourages digital literacy and financial awareness, especially among underserved communities.

Conclusion

In conclusion, UPI credit cards are a fantastic addition to the world of digital payments. They provide the convenience of a credit card while harnessing the power of UPI for secure and efficient transactions. By following the simple steps outlined in this article, you can quickly set up and start using your UPI credit card for various transactions.

FAQs

1. Are UPI credit cards safe to use?

Yes, UPI credit cards are safe to use, as they require UPI PIN authentication for each transaction, adding a layer of security.

2. Can I link multiple bank accounts to my UPI credit card?

In most cases, you can link only one bank account to your UPI credit card. However, you can change the linked account if needed.

3. Do UPI credit cards have an expiry date?

No, UPI credit cards are virtual and do not have an expiry date like physical credit cards.

4. Are there any fees associated with UPI credit cards?

The fees associated with UPI credit cards may vary depending on the issuing bank or financial institution. It’s essential to check with your bank for specific details.

5. Can I use my UPI credit card for international transactions?

UPI credit cards are primarily designed for domestic use, and their acceptance for international transactions may be limited. It’s advisable to check with your bank for international transaction capabilities.