What Is the Kiwi Credit Card?
The Kiwi Credit Card is issued via the Kiwi app in partnership with Axis Bank or YES Bank. It is designed for users who rely on UPI for daily payments and want to earn cashback without paying any joining or annual fees.
With a simple cashback structure, the card focuses on rewarding smaller, frequent transactions through UPI scan & pay and online spends, making it a practical option for everyday usage.
Eligibility Criteria
The eligibility conditions for the Kiwi Credit Card are simple:
- Typically available for individuals aged between 21 and 60 years
- You should not already hold a YES Bank credit card or an Axis Kiwi credit card
- Application is completed through the Kiwi app
Fees and Charges
One of the biggest advantages of the Kiwi Credit Card is its zero-fee structure.
Joining Fee: Nil
Annual Fee: Nil (lifetime free credit card)
Interest Rate: 3.6% per month (52.86% annually)
Reward Structure
The Kiwi Credit Card Rewards users through its in-house reward currency called Kiwis.
- 1.5% cashback on UPI scan & pay transactions
- 0.5% cashback on online transactions
- Transactions must be in multiples of ₹100 to earn rewards
Value of Kiwis: 1 Kiwi = ₹0.25. Kiwis can be redeemed anytime directly into your linked UPI account.
Monthly Cashback Cap:
- Cashback is capped at 1% of your total credit limit
- For example, with a ₹50,000 limit, you can earn up to 2000 Kiwis per month (₹500 cashback)
Excluded Categories
Kiwi rewards are not applicable on certain categories, including:
- Jewellery and insurance payments
- Utilities and transportation
- Educational institutions
- Government services
- Financial institutions and wallet-related transactions
Kiwi Neon Subscription: Additional Benefits
For users who spend more via UPI, Kiwi offers a paid membership called Kiwi Neon, which increases cashback and unlocks milestone rewards.
Who Can Get It?
- Available only to users holding a YES Bank Klick credit card issued through the Kiwi app.
- Membership fee of ₹999 per year (exclusive of taxes)
- Membership is valid for one year and is non-refundable
Kiwi Neon Cashback & Milestone Benefits
With the Neon subscription, the base cashback on UPI transactions increases.
- 2% cashback on UPI scan & pay transactions
- 0.5% cashback on online transactions
Milestone Rewards (Annual Spends on Kiwi App except excluded categories):
- ₹50,000 spends: 3% cashback + 1 lounge access
- ₹1,00,000 spends: 4% cashback + 1 lounge access
- ₹1,50,000 spends: 5% cashback + 1 additional lounge access
Base rewards are credited instantly, while milestone rewards are credited within 30 days after the month ends.
Cashback Comparison: With vs Without Neon
Online Transactions:
- Without Neon: 0.5%
- With Neon: 0.5%
UPI Scan & Pay:
- Without Neon: 1%
- With Neon: 2%
Is the Kiwi Credit Card Right for You?
The Kiwi Credit Card is best suited for users who rely heavily on UPI for daily payments and want a lifetime free credit card. The reward structure is simple, and cashback redemption is easy, making it beginner-friendly.
The Neon subscription makes sense only if you use UPI extensively and can meet the spend milestones. For occasional users, the free version of the card is still a good way to earn cashback on everyday payments.
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