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Kredit.Pe Yes Bank ACE Credit Card

“The Kredit.Pe Yes Bank ACE Credit Card is the reviewer's top-ranked UPI credit card for 2026, offering an unmatched flat 3–5% cashback on all UPI transactions with zero annual fee.”

Best for: High-frequency UPI spenders in India who want a no-cost card with straightforward flat-rate cashback

Annual Fee$0
APRSee issuer terms
Sign-up BonusNone mentioned
Credit Scoregood
Reviewed by XY- Axis Education
89K views2026-03-29

💳 Key Features & Perks

  • ✦Lifetime free card — zero joining fee and zero annual fee
  • ✦Flat 3% cashback on all UPI transactions up to ₹25,000 per month
  • ✦5% cashback on UPI transactions exceeding ₹25,000 in a month
  • ✦5% cashback on digital gold purchases made through the Kredit.Pe app
  • ✦No minimum transaction amount — cashback applies even on ₹10 UPI payments
  • ✦Cashback redeemable as brand vouchers: Amazon (7%), Swiggy/Myntra/Zomato (14%), Domino's/Uber/OTT (up to 70%)
  • ✦Auto-convert up to ₹500/month of cashback wallet balance into digital gold
  • ✦Yes Bank reward points: 8 pts per ₹200 online, 4 pts per ₹200 offline, 2 pts per ₹200 on utilities/insurance/govt

🚀 How to Maximize Value

01Step 1

Immediately link the card with the Kredit.Pe app — do not link it to any other UPI app (PhonePe, GPay, etc.)

Pro TipUPI cashback is only earned when paying via the Kredit.Pe in-app scan; other UPI apps yield no cashback

02Step 2

Route all UPI payments — including small ones — through the Kredit.Pe scan to earn 3% cashback on every rupee

Pro TipThere is no minimum spend threshold; even a ₹10 transaction earns cashback

03Step 3

Push monthly UPI spend beyond ₹25,000 to unlock the 5% cashback tier on all incremental transactions

Pro TipConsolidate household or family UPI payments under one card to hit the higher tier faster

04Step 4

Redeem cashback wallet balance as Swiggy, Myntra, or Zomato vouchers to extract maximum value (14% of voucher face value vs. 7% for Amazon)

Pro TipFor brands with up to 70% redemption rates (Domino's, Uber, OTT), the effective value of cashback is dramatically amplified

05Step 5

Enable the auto-gold-savings feature to passively invest ₹500/month (the max allowed) of cashback into digital gold

Pro TipDigital gold can be liquidated to cash at any time, making it a flexible secondary savings vehicle

⚡ Pro Tips

  • ✓Never link this card with Google Pay, PhonePe, or any UPI app other than Kredit.Pe — doing so forfeits all UPI cashback entirely
  • ✓The cashback wallet redemption rate for vouchers varies widely by brand; always check Domino's, Uber, and OTT categories first as they can reach 70% redemption, far outperforming Amazon's 7%
  • ✓Monthly digital gold auto-conversion is capped at ₹500 regardless of wallet balance — plan redemptions accordingly so surplus stays in the wallet for voucher purchases
  • ✓Yes Bank reward points (8 pts / ₹200 online = ~0.4% return) are a secondary benefit; the primary value driver is UPI cashback, not these points

Annual Value Breakdown

Estimated based on typical spending patterns. Your mileage may vary.

$7,200Total Value
-$0Annual Fee
$7,200Net Value
UPI cashback at 3% on ₹20,000/month spend7200
Yes Bank reward points (online spend, ~0.4%)0
Digital gold 5% cashback (variable, usage-based)0
Annual fee0

XY- Axis Education reviews the Kredit.Pe Yes Bank ACE Credit Card from Yes Bank, breaking down whether the no-fee card is worth it based on real spending math and insider strategies.

The Kredit.Pe Yes Bank ACE Credit Card is the reviewer's top-ranked UPI credit card for 2026, offering an unmatched flat 3–5% cashback on all UPI transactions with zero annual fee.

Last updated: 2026-06-03