• Zero joining fee, zero renewal fee.

• Link to UPI apps for instant QR payments and receive credit card rewards on every UPI spend.

• Earn 3% Rio Coins (₹3 per ₹100) on UPI spends.

• Earn 1% Rio Coins (₹1 per ₹100) on non-UPI spends; auto-converted to statement credit.

• 2 complimentary domestic lounge visits every quarter (8 per year).

• UPI Spenders:

  • Highest reward rate (3% back) on UPI payments, making it superior for bill payments, groceries, and digital shopping.

• Everyday Spenders:

  • All purchases — offline and online — earn consistent cashback (1%).

• Travelers:

  • Domestic lounge access is rare among entry-level/lifetime free cards.

• First-Time/Value Seekers:

  • Zero fees, instant onboarding, and spend-based rewards suit practical users avoiding complicated T&Cs.

Monthly Value Example

• ₹10,000 in UPI payments earns 300 Rio Coins = ₹300 statement credit.

• ₹10,000 in PoS/online spends earns 100 Rio Coins = ₹100 statement credit.

• Lounge visits: Saves ₹800+ per visit, up to 8 free visits annually.

• Joining/Annual Fee: Nil, truly lifetime free.

• Interest Rate: 3.99% per month, 47.88% per year (industry standard).

• Utility Payments: 1% charge only if monthly spends exceed ₹15,000 (max ₹3,000/month).

• Education Fees/Wallet Loads/Rent: 1% fee applies above thresholds; capped per month.

• Fuel Transactions: Above ₹10,000 attract 1% fee; waiver applies only to spends between ₹400–₹5,000.

• Foreign Currency: Standard markup of 3.49% applies (may not be the best choice for international travel).

• Age: 21–60 years.

• Income: Minimum monthly salary of ₹25,000 or annual ITR of ₹5 lakh.

• Profile: Salaried/self-employed individuals. Not available to existing YES BANK credit cardholders.

• Documentation: Basic KYC (PAN, Aadhaar, salary slip/ITR).

• Set up UPI quickly using Rio or supported banking apps; eligible on Google Pay, PhonePe, Paytm, and more.

• Track rewards and pay card bills instantly in the Rio app.

• Avoid heavy utility, rent, or wallet loads with the card to evade extra fees.

• Automatic Statement Credit: Rio Coins (cashback) are automatically converted to statement credits — no manual redemption or minimum thresholds required.

• Rio App: View and track rewards, access merchant deals, and redeem exclusive offers for additional discounts.

• No Redemption Fee: All credits are automatic, with no redemption fees.

Best-Value Strategies:

• Use for all UPI-enabled merchant payments to maximize 3% cashback.

• Redeem coins for direct bill credit — better than voucher catalogs common on competing cards.

• Young professionals and first-time cardholders wanting daily savings and a zero-fee card.

• Frequent UPI payers aiming to earn 3% cashback on their most common transactions.

• Value-focused users seeking travel privileges like lounge access without premium fees.

• Digital spenders preferring mobile-first onboarding, instant access, and app-based controls.

Strengths:

• Genuinely lifetime free — a rare proposition among Indian credit cards.

• Top-of-class UPI reward structure (3% real cashback on most QR payments).

• Simple, auto-redemption of rewards as statement credit — no effort required.

• Complimentary lounge access increases its real-world value for travelers.

• Practical for everyday expenses, fuel, groceries, and bills.

Limitations:

• Not ideal for foreign currency transactions or international purchases due to high forex markup.

• Excludes existing YES Bank cardholders at time of application.

• Charges may apply on excess wallet loads, utilities, rent, and fuel; check category spend limits if you regularly pay large bills.

• Income Proof: Prepare latest salary slip/ITR matching minimum requirements. Self-employed candidates need ₹7.5 lakh+ annual ITR.

• Seamless Onboarding: Apply via Yes Bank or Rio website/app; approval is nearly instant for qualified profiles.

• Maximize Cashback: Use card primarily for UPI payments and routine retail spends. Avoid non-eligible categories to preserve value.

• Responsible Usage: Pay off balances in full; interest can quickly outweigh cashback earnings.

For practical, value-driven spenders seeking a truly lifetime-free card with digital-first rewards, the YES BANK Rio RuPay Credit Card is among the best credit cards for daily UPI payments and smart everyday savings in India.