Great news for RuPay credit cardholders! The National Payments Corporation of India (NPCI) has just launched a bunch of awesome new features that make managing your credit and making payments with UPI even smoother. Get ready to split purchases into EMIs, pay your bills with ease, and even request a credit limit increase – all within your favorite UPI app!
Here’s a breakdown of the exciting new features:
RuPay Credit Card EMIs on UPI
- Spread the cost: Now you can convert your purchases into manageable monthly installments (EMIs) directly through your UPI app. This makes budgeting easier and lets you enjoy that big-ticket item without breaking the bank.
- Flexible options: You can even convert past purchases made with your RuPay credit card into EMIs by accessing your transaction history on the UPI app. Additionally, you’ll get to choose the EMI term right at the checkout for new purchases, ensuring you get the perfect repayment plan.
- Stay on track: The UPI app will keep you informed about your ongoing EMIs, so you never miss a payment and keep your credit score healthy.
Effortless Bill Payments and Credit Line Management
- Say goodbye to due dates: Forget the hassle of remembering bill due dates! The new feature allows you to make one-time payments or set up UPI Autopay for your RuPay credit card bills and credit line installments. This ensures your payments are always on time, whether it’s for yourself or someone else.
- Complete transparency: The UPI app will display all the details you need to make informed financial decisions. You’ll see the minimum amount due, total outstanding balance, and bill due date for your RuPay credit card, all in one place.
- Boost your credit limit (if needed): Running low on credit? No worries! You can now request an increase in your credit limit directly from the issuing bank or NBFC through the UPI platform. This simplifies the process and empowers you to manage your finances effectively.
Availability
These exciting features are expected to be available by May 31, 2024. So, keep an eye on your UPI app for updates and get ready to experience the power and convenience of RuPay credit cards on UPI!
