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Flipkart’s Fintech company, super.money, has launched a new co-branded credit card. The superCard is a secured credit card with a credit limit as low as ₹90 and as high as ₹10 lakh. This lifetime free credit card was officially launched in association with Utkarsh Small Finance Bank during the Global Fintech Fest 2024. One of the main aims of this card is to garner as many users as possible. Not only can this be availed at a very low deposit but it would also earn high interest of upto 9%.
super.money Founder and CEO Prakash Sikaria said this regarding the superCard “This universal credit card product paves the way for the financial inclusion of millions of Indians who have previously been excluded from mainstream credit, offering them a path to formalise their credit journeys. Our lowest variant comes with a $1 limit.”
Features of the superCard
Flipkart’s secured superCard offers several appealing features. Firstly, it is a lifetime free credit card, making it convenient and cost-effective. Additionally, cardholders can enjoy a 5% cashback on Myntra purchases, a 3% cashback on Cleartrip transactions, and a 2% cashback on Flipkart buys. For all other eligible spends, the card offers a 0.5% cashback. Moreover, the card provides access to exclusive deals with both online and offline partners. Lastly, it offers a low interest rate starting from 10.49%, making it an attractive option for those seeking a credit card with favorable terms. One of the most convenient features of this card is its easy use on UPI.
The waitlist for this exciting UPI Credit Card is now open. Although currently only those with Android devices can apply for it.
Bottom Line
The lending market of India is witnessing a revolution, whether it’s credit cards for personal/business use, co-branded credit cards, UPI, credit lines on UPI, or RuPay Credit Card. Many issuers and Fintech companies have now started introducing new innovative products to add more users to their portfolios. Apart from a rewarding new credit card, super.money is also set to launch other products like instant fixed deposits and pre-approved personal loans. In fact, it has even finished the beta testing phase of its UPI app.