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The Jupiter Edge RuPay Credit Card is a co-branded credit card issued by CSB Bank in partnership with Jupiter, a neobank.
Here's a breakdown of its key features, benefits, eligibility, and fees:
Key Features and Benefits:
RuPay Network & UPI Integration: Being a RuPay credit card, a major highlight is its ability to be linked with UPI apps (like Google Pay, PhonePe, Paytm, etc.) to make payments by scanning QR codes directly from your credit card, combining the convenience of UPI with credit card benefits.
3 Cashback Structure:
Accelerated Cashback: You can choose one preferred category out of Shopping, Travel, or Dining to earn accelerated cashback.
Edge CSB Bank RuPay Credit Card (Original): Offers 2% cashback in the chosen category.
Edge+ CSB Bank RuPay Credit Card (Upgraded Version): Offers higher cashback rates:
10% cashback (up to ₹1,500 per month) on popular online shopping platforms (e.g., Amazon, Flipkart, Myntra, Ajio, Zara, Nykaa, Croma, Reliance Trends, Tata Cliq, Reliance Digital).
4 5% cashback (up to ₹1,000 per month) on travel bookings (e.g., MakeMyTrip, Yatra, EaseMyTrip, Cleartrip).
Note: You can typically change your preferred category once every three billing cycles.
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Base Cashback:
Edge CSB Bank RuPay Credit Card (Original): 0.4% cashback on all other eligible spends, including UPI transactions outside the chosen category.
Edge+ CSB Bank RuPay Credit Card (Upgraded Version): 1% cashback on all other offline and online eligible spends, with no upper limit on this 1%.
Cashback Redemption: Cashback is credited in the form of "Jewels" within the Jupiter app.
6 5 Jewels typically equal ₹1. These Jewels can be redeemed as cash, gift cards (e.g., Amazon, Flipkart, Swiggy, Zomato, Myntra), or digital gold.7 Welcome Benefits:
Edge CSB Bank RuPay Credit Card (Original): Voucher worth ₹250 on the first UPI transaction of ₹2,000 or more at partner brands.
Edge+ CSB Bank RuPay Credit Card (Upgraded Version):
₹499 (plus GST) joining fee, but often marketed as "lifetime free" with no annual fee.
8 Get benefits worth ₹1,900, including a 1-year Amazon Prime membership (worth ₹1,499) and a 1-year Fraud Protection Plan by OneAssist (worth ₹399).
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Fuel Surcharge Waiver: Generally, a 1% fuel surcharge waiver is applicable for fuel spends between ₹400 and ₹3,000, with a maximum waiver of ₹100 per billing cycle.
10 Mobile App Management: The card is fully managed through the Jupiter app, allowing you to apply, track transactions, view rewards, set limits, and block/manage the card.
11 EMI Option: You can convert your UPI and credit card spends into EMIs starting at a low interest rate (e.g., 1.33%).
12 Insurance Benefit: Personal accidental death and total permanent disability cover up to ₹10 Lakh (for the original Edge card).
Fees and Charges (for Edge+ CSB Bank RuPay Credit Card, as of recent information):
Joining Fee: ₹499 + GST (often waived for the first few lakh customers, making it lifetime free).
Annual Fee: Nil (Lifetime Free).
Forex Markup Fee: 3.5% on every international transaction.
Interest Rate: Starts at 3.5% per month (42% per annum) on outstanding amounts if the full bill is not paid by the due date.
Late Payment Charges: Vary based on the outstanding amount (e.g., ₹250 for amounts above ₹501 up to ₹5,000; ₹750 for amounts above ₹5,001 up to ₹10,000; ₹1,200 for amounts ₹10,001 and above).
Physical Card Replacement Fee: ₹249.
13 Rent Payment Fee: 1% of the transaction amount + minimum ₹149.
14 Wallet Load Fee: 1% of the transaction amount.
15 Education Fee: 1% of the transaction amount on education-related transactions made on third-party websites or mobile apps.
16 Utility Fee: 1% of the transaction amount on transactions above ₹20,000 or if monthly spends are above ₹50,000.
17 Cash Advance Charges: Generally not applicable, but interest accrues from the transaction date.
Eligibility Criteria:
Age: Typically between 23 and 60 years old.
18 Creditworthiness: A good credit score (e.g., 750 or higher) is generally essential for approval.
19 Income: Proof of a stable income is usually required.
Documents:
Proof of Identity (POI): Aadhaar Card, PAN Card, Passport, Driving License, Voter ID Card.
20 Proof of Address (POA): Aadhaar Card, Passport, Driving License, Voter ID Card, Utility Bills, Rental Agreement.
Proof of Income: Salary Slips, Form 16, Bank Statements, Income Tax Returns (ITR).
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How to Apply:
You can apply for the Jupiter Edge RuPay Credit Card directly through the Jupiter mobile app.
Reviews and Considerations:
Pros:
Lifetime free (for many users, especially the first 2 lakh onboarded).
23 Strong cashback rates in chosen categories (especially with the Edge+ version).
Convenient UPI integration for credit card payments.
Full card management through the user-friendly Jupiter app.
24 Welcome benefits like Amazon Prime membership (for Edge+).
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Cons:
Some users have reported issues with the "3-in-1" marketing being misleading, as the accelerated cashback applies to only one chosen category at a time.
Some older reviews mention issues with cashback redemption tied to having a Jupiter (Federal Bank) savings account, but recent information suggests redemption as cash, gift cards, or digital gold is available directly.
Some users have reported transaction declines or issues with higher value transactions.
The annual interest rate (42%) is quite high if you don't pay your bills on time.
Overall, the Jupiter Edge RuPay Credit Card, particularly the newer Edge+ variant, can be a rewarding option for individuals who frequently spend on online shopping and travel, and who value the convenience of UPI payments with a credit card. However, it's crucial to understand its specific cashback structure and terms before applying.
