Introducing Edge RuPay Credit Card ๐Ÿ’ณ

News from Jupiter
146

@manki you have a pointโ€ฆ

I donโ€™t have a RuPay credit card yet. But I have felt the same with Paytm postpaid. I use it for the convenience of no pin and no transfer to your UPI Lite wallet. But the experience is hindered by some merchants who have not opted into Paytm postpaid.

But I can understand that the merchants would have their own logic/issues/inhibitions for not doing that.

Having said thatโ€ฆ We had this issue with UPI also. There were many shops that didnโ€™t accept UPI some 2 years ago. But now they all do (with some exceptions). So letโ€™s hope all these things will work itself out because of consumer demand.

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147

@alexnazy, thanks for instilling some optimism in me. I hope things improve over time. Cheers!

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148

In trello, Jupiter has shipped โ€œdecoupled experienceโ€, so ideally credit card usage should be possible without savings account.
Iโ€™m about to get a first-hand experience of how genuine this is as Iโ€™m on course to close savings account and still want to use the Edge RuPay credit card.

149

@Krishnendu_Chowdhury I am also hoping that. Especially because some people take only credit cards from banks rather than open an account.

And we canโ€™t go and open a bank account just for the sake of a credit card.

But sorry to see you close your Jupiter account. Canโ€™t you hold on for some more time?

150

If you go to the thread, youโ€™ll understand.

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151

Merchants hesitate to accept payments through Paytm Postpaid due to associated charges, particularly for small-value transactions, where their profit margins are already low.

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152

I have Paytm and Gpay merchants, and as of now I havenโ€™t encountered any additional KYC requirements for receiving payments via CC on UPI.

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153

Got it. Thank you sharing this.

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154

Min. Kyc compulsory for receiving upi payment via credit card. & in some merchant app full kyc along others business document /verification compulsory.

155

I believe Iโ€™ve already completed the KYC previously, but it seems that no additional KYC is required to receive payments via CC in UPI this time.

156

For Paytm merchant account having full/min. Kyc paytm customer account is sufficient. But for gpay merchant account min. Kyc (pan card) is required.

I highly recommend receiving small merchant payment at a time if no kyc done (for avoiding any account freezing)

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157

Where can I read the T&C related to this card? Whats the rate of interest charged as penalty?

158

Any expected date for this card to arrive or will it take entire 2023 and will be provided in 2024?

159

Will probably go live in October/November as said by Shawnโ€ฆNo waiting till 2024 :joy:

160

@Siddharth_B_R we need to wait for the public launch of the card. :smiley:

I am guessing that the interest rates may be similar to the other cards from CSB Bank.

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161

So the first week of October has started and Iโ€™m excited for this card to be rolled out for external users.

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162

We will start rolling out in phased manner to approved users from 11th Oct. Running a week delayed due to testing issues.

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163

I think it will take more time than you mentioned.

164

Thank you for the confirmation, chief!

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165

Hello @Jiten

Are you planning to roll it as per waiting list number? If so, 1st phase will carry how many wait listers?