Virtual RuPay credit card on UPI launched: Earn 8 reward points on every UPI payment of Rs 200; know features, other key details
ET Online | May 6, 2024 10:09 AM CST
Synopsis
YES Bank has partnered with ANQ, a Bengaluru-based financial service provider to unveil two unique co-branded credit cards — YES Bank ANQ Pi credit card and YES Bank ANQ Phi credit card. What are the features of these two new credit cards? Find out here. Find out here.
YES Bank ANQ Pi credit card is a virtual RuPay credit card, as per the press release. YES Bank has joined hands with ANQ, a financial service provider to unveil two unique co-branded credit cards — YES Bank ANQ Pi credit card and YES Bank ANQ Phi credit card. "This strategic partnership aims to bridge the gap between traditional banking and the fintech industry, offering innovative solutions to meet evolving consumer needs," ANQ mentions in a press release."The Pi card, a virtual RuPay card, provides seamless credit transactions on UPI, offering unparalleled convenience and versatility, while the Phi card, powered by the Mastercard network, promises limitless rewarding experiences both online and offline, worldwide," says Anil Singh, Country head of Credit Cards and Merchant Acquiring, YES BANK.
What are the features of these two new credit cards? Find out here
YES Bank ANQ Pi credit card features
a) YES Bank ANQ Pi credit card is a virtual RuPay credit card, as per the press release.b) You can use this card on Unified Payments Interface (UPI) applications — BHIM, PhonePe, Google Pay, Cred, and Paytm — and get reward points, the ANQ website mentions.
c) Users can earn eight reward points on every UPI transaction of above Rs 200 through UPI apps. For all other online transactions, you can earn two reward points. Do keep in mind it includes UPI transactions as well.
d) The next question is how you can redeem these reward points. Keep in mind that the users can only redeem the rewards on ANQ for assets such as digital gold or ANQ coins.
e) You don't have to pay any joining or annual fee for the YES Bank ANQ Pi credit card.
f) Moreover, the YES BANK ANQ Pi credit card is complimentary, and issued against the YES BANK ANQ Phi credit card, according to the ANQ website.
YES Bank ANQ Phi credit card features
Like the YES Bank ANQ Pi credit card, YES Bank ANQ Phi credit card also comes with rewards across various categories including dining and travel, allowing users to maximize their benefits with every spend.a) YES Bank ANQ Phi credit card is powered by the Mastercard network.
b) YES Bank ANQ Phi credit card can earn 24 reward points on every transaction of Rs 200 and above spent on groceries at supermarkets and department stores, as per the ANQ website.
c) You can also get 24 reward points on every transaction of Rs 200 for booking flights and hotels, as per the website.
d) For other payments of Rs 200 and above, users can get four reward points, according to the press release.
e) Keep in mind that the users can only redeem the rewards on ANQ for assets such as digital gold or ANQ coins.
f) Unlike the YES Bank ANQ Pi credit card, there is no cap on reward points in the YES Bank ANQ Phi credit card.
g) There is no joining fee on the YES Bank ANQ Phi credit card. We are yet to know the annual fee of the YES Bank ANQ Phi credit card.
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