How to Use Credit Card For UPI Payment?
How to use Credit Card for UPI Payment: India has been progressing at a very high speed that the whole world came to know during Covid 19 period and particularly when India gave birth to the concept of UPI payments through smart phones which no other country in the world could even imagined of.
Our beloved India did not stop just giving birth to the UPI and it went on upbringing it and once again made us proud to be the first country in the world to link a UPI payment with credit cards. Is not it a great feat? Yes, it is indeed.
Are you scared of going to market due to shortage of cash with you any more? If you fall in this category, now time has come to change your perspective. This post will guide you step by step regarding how to make UPI payment using credit card.
How to make UPI Payment Using Credit Card?
At first, it needs to be understood that making UPI payment using credit card is not a rocket science. So, there is no need to worry and what you need most importantly is just a RuPay Credit Card which allows you to pay instantly to any merchants seamlessly just like you are paying through cash.
How to make UPI Payment Through Credit Card?
Steps of UPI Payment Using Credit Card: One needs to follow the below steps which are very easy:
- Link your Credit Card with your UPI App: Before you start making UPI payment using credit card you need to link your RuPay Credit Card with your UPI app like PhonePe, Paytm, BHIM, Google Pay, SBI Pay, Amazon Pay and many more;
- 2. Create your UPI ID: Next create your UPI ID in the profile section using your linked mobile number or your registered email id just like 9674112211@oksbi, 9674112211@yapl or arthikdisha@ibl, arthik.disha1@ybl if you didn’t have any previous UPI ID activated;
- Add Bank Account: Now it’s time to add your Bank Account first after giving few details just like Debit/ATM Card details to verify that the account actually belongs to you;
- Add Credit Card: Yes, this is the most interesting part. Once your UPI account is fully activated you are now permitted to add your credit card details to your UPI ID or account. Remember that any RuPay Credit Card direct app for example SBI Credit Card app also allows you to scan and pay directly using your credit card without the need of UPI linking;
- UPI Payment using credit card: Once your UPI ID and credit card is fully linked and activated you are now free to make any UPI payment which is treated as good as cash. Here is the beauty of NPCI which manages all these transactions on behalf of you;
- How to Use Credit Card For UPI Payment: Now comes the most important part i.e. making the UPI payment through your credit card. When you scan any QR Code or any UPI enabled payment app in any Merchant’s shop you would find two options to select for payment like your Bank Account or Credit Card. Here you should choose Credit card option and put the UPI password and make the payment seamlessly.
So, congratulations! for making your first UPI payment through your credit card. Is not it great? Because there are many places or merchants which don’t allow or accept credit card payments. In that case making UPI payment using your credit card becomes very handy.
Benefits of UPI Payment Through Credit Card?
Before gaining knowledge about the benefits of UPI payment through credit card one must know what is a UPI payment and how does it work.
The full form of UPI is Unified Payment Interface. It brings or accumulates multiple bank accounts into one single application for making monetary transactions seamlessly on immediate basis round the clock.
What are the benefits of UPI Payment using Credit Card?
- Realtime Money Transfer: Immediate hassle free money transfer through mobile device round the clock 24*7 and 365 days;
- As god as Cash Transaction: Once you make any UPI payment using credit card, it is treated as good as you have paid through cash and the transacted amount gets credited directly to the payee’s bank account unlike other credit card payment which takes little bit of time to get the money credited into one’s bank account;
- Shortage of Cash/Fund: At times it may so happen that you need some urgent staffs for your family but you are running out of cash in your pocket or bank account, in that situation you would mostly feel the benefit of your credit card that allows you to make UPI payments;
- 2 Factors Authentications: UPI app comes with the 2 factors authentication which makes it most reliable and secured payment app;
- Virtual Details: UPI app only keeps the virtual details of the customers thus providing extra security without obtaining crucial details such as Card no, account number, IFS Code and etc;
- Hassle Free QR Code payment: UPI payment has become so hassle free that you just need to scan the merchants’ QR code, punch the desired amount and put pin and payment is done.
- Contactless payment: Unlike physical credit card, UPI does allow you to pay using your credit card in just few seconds without any contact with the card swiping machine.
Word of caution: UPI Payment Through Credit Card
Since, your credit card limit some times may be much higher depending upon your previous credit history, you must be very much vigilant regarding using credit card with your UPI account.
You should never share your PIN or password not even with your friends or family members since if it reaches to any fraudster it might take advantage of the same and could even drag you to the roads.
As a method of security change your UPI PIN and Password occasionally. Also do not use very common password like your year of birth, date of birth which are very likely to be captured by the fraudsters.
So, use UPI Payment system wisely and meticulously!
