New Delhi, Sept. 22 -- UPI credit cards are turning everyday QR-code payments into an opportunity to earn credit card rewards.

This category started with banks allowing RuPay credit cards to be linked to Unified Payments Interface (UPI). It has since expanded, with fintechs such as Jupiter, Kiwi, Kredit.Pe and super.money tying up with banks to offer cards that reward UPI payments through their apps. Rewards are typically cashback or in-app currency redeemable for purchases and benefits on those platforms.

Most UPI credit cards have eligibility criteria suited to low-income professionals. Basrani said banks consider income, existing debt obligations and credit history. "Some banks also issue cards to new-to-credit customers after assess...