UPI Link Credit Card use and Benefits: If you also want to link credit card with UPI, then this is important news. Before linking, keep some important things in mind which can give you many benefits.
New Delhi: In today’s time, more and more people are using digital platforms, to make the process even easier, UPI is used.
Making transactions through digital platforms like Google Pay, Phone Pay, Paytm becomes easier through UPI. Where earlier it was linked only to debit card or bank account, now it can be linked to credit card also.
Yes, UPI can be linked to credit card also. In such a situation, it can be easy for you from shopping to paying any EMI or doing any kind of transaction. Let us know whether it would be right to link credit card with UPI?
Why do you use credit cards?
Generally, many people use credit cards in such situations when they have to make immediate payment, but it takes a few days for their salary or other in-kind money to arrive. Apart from this, users also use the card for cashback and reward point benefits received by using the credit card for online shopping or otherwise.
Is it right to link credit card to UPI?
Although you can get benefits by using credit card in many ways, but do not cause yourself loss in the process of availing excessive benefits. Many users, in search of cashback or other offers, forget that a credit card is a kind of digital loan which has to be repaid later.
Many carelessness regarding this can also make you a debtor. If credit card payment is not made on time, interest may be charged on you, due to which you may have to pay extra instead of the actual amount.
Therefore, while using the credit card after linking it to UPI, keep in mind that while borrowing from the bank, you are paying someone whose money you have to repay later. Whereas, the money deducted from debit card is directly deducted from your savings, salary or current account.
3 benefits of linking credit card to UPI
1. Instant transaction- By linking credit card to UPI, you will be able to make instant payment. Once you just have to go to your digital payment app and add the credit card and link it to UPI, after which it will be easy for you to pay anyone.
2. Online and offline facility- By linking UPI to credit card, you can easily do transactions. In such a situation, it will be easy for you to make payment by adopting online and offline methods.
3. Cashback and Reward Points- There are many banks and credit card providers that provide the benefit of reward points along with cashback to their customers on making online payments. By linking your credit card to UPE, it may become easier for you to take advantage of these offers.
4. Secure Transaction- Credit card is provided with security features, to increase the security of which you can link it to UPI. In this way, doing transactions by linking credit card to UPI increases security.
How to link credit card to UPI?
To link credit card to UPI, you have to go to the digital payment app. Here in the options, you will see an option of Payment Methods, by selecting which you can add the credit card. You will have to add details like credit card number, expiry date and CVV. In this way your credit card can be linked to UPI.
