Talking about Credit Cards in India is incomplete without the mention of RuPay Credit Cards. These are known for their convenience, earning rewards, and financial freedom. These are offered by many leading banks like ICICI Bank in India and are a helpful financial tool in your wallet. However, some people are still confused about getting one because of the myths surrounding the Credit Card. This post will help you debunk the popular myths around RuPay Cards and associated facts.
Popular Myths and Facts Surrounding RuPay Credit Cards
Below are the popular myths and facts about RuPay Credit Cards that you should know:
Myth 1: RuPay Credit Cards Don’t Work Outside India
Users believe that the RuPay Credit Cards only work in India and cannot be used outside the country to make payments. In recent times, the RuPay network has collaborated with many international payment networks which means the card users can easily use their cards and make payments with ease in many countries. It helps to spend money with confidence in retail shops, restaurants, malls, etc. Remember to turn on the international transaction option in the settings before using it.
Myth 2: RuPay Credit Cards Don’t Offer Rewards
Some users think that RuPay cards lack rewards and benefits, but this is incorrect. RuPay Credit Cards offer exciting benefits, including cashback, discounts on shopping, travel perks, and dining offers. Premium RuPay cards even provide free airport lounge access and exclusive deals.
Myth 3: RuPay Credit Cards Are Only for Low-Income People
Since RuPay Credit Cards were initially linked to government initiatives, many assume they are only for low-income groups. This is no longer the case. Today, leading banks such as ICICI Bank offer RuPay Credit Cards across different categories, including premium cards. Whether you are a salaried professional, self-employed, or a business owner, you can find a RuPay Credit Card that suits your needs.
Myth 4: RuPay Credit Cards Are Not Safe
Security is a major concern for Credit Card users, and some believe that RuPay cards are less secure than Visa or Mastercard. This is completely false. RuPay Credit Cards come with advanced security features like EMV chips, two-factor authentication, and real-time fraud monitoring. These security measures make them as safe as any other globally recognised card network.
Myth 5: RuPay Cards Are Not Accepted Everywhere in India
RuPay Credit Card has a widespread acceptance network across India. They can be used at retail stores, restaurants, e-commerce platforms, and government services. The acceptance of RuPay cards has increased significantly, especially after UPI integration, which allows users to make payments via UPI at millions of merchants nationwide.
Myth 6: RuPay Credit Cards Have High Fees
Many assume that RuPay Credit Cards come with high transaction fees, but in reality, they are one of the most affordable options in India. RuPay Credit Cards often have lower transaction costs compared to international networks like Visa and Mastercard. This helps businesses save on fees and allows users to enjoy financial benefits at a lower cost.
Myth 7: RuPay Doesn’t Have Premium Features
Some believe that RuPay Credit Cards lack premium benefits, but that is not true. RuPay offers Credit Cards with exclusive privileges, such as free airport lounge access, travel insurance, concierge services, and discounts on shopping, dining, and travel. These benefits are comparable to those provided by other card networks.
Myth 8: RuPay Cards Are Hard to Get
Applying for a RuPay Credit Card is simple and hassle-free. Most leading banks in India offer RuPay Credit Cards, and you can apply online or by visiting a bank branch. The approval process is quick and straightforward, making it as easy to get as any other Credit Card.
Myth 9: RuPay Cards Have Limited Credit Limits
Another common myth is that RuPay Credit Cards come with low credit limits. However, the credit limit depends on your income, credit history, and the type of RuPay card you apply for. Premium RuPay Credit Cards offer higher credit limits that are comparable to Visa and Mastercard Credit Cards.
Myth 10: RuPay Cards Are Not as Good as Visa or Mastercard
RuPay is India’s very own card network, developed by NPCI (National Payments Corporation of India). It competes directly with global giants like Visa and Mastercard, offering similar (and in some cases, better) features. RuPay Credit Cards provide reward points, cashback offers, low fees, premium perks, and high security. They also support the Indian economy by keeping transaction costs lower and promoting digital payments in India.
Why Should You Choose a RuPay Credit Card?
1. Lower Transaction Fees
RuPay Credit Cards have lower processing fees compared to international card networks, making them cost-effective for businesses and consumers.
2. Strong Security Features
RuPay cards come with EMV chip technology and two-factor authentication, making them highly secure for online and offline transactions.
3. Exclusive Indian Offers
Since RuPay is an Indian network, it provides exclusive deals and discounts tailored for Indian customers, including cashback on local retailers, railway bookings, and fuel purchases.
4. Supports UPI Payments
With UPI-enabled RuPay Credit Cards, you can make instant payments using UPI, further enhancing the card’s usability.
Conclusion
RuPay Credit Cards have evolved significantly over the years and now offer features that match or even surpass those of Visa and Mastercard. They provide security, rewards, cashback, international usage, and affordability. If you are considering getting a Credit Card, RuPay is an excellent choice that supports Indian businesses while giving you world-class benefits.
Don’t let these myths stop you from exploring RuPay Credit Cards. Choose the right card based on your spending habits and enjoy all the benefits that come with it.
