M16S / Utkarsh Small Finance Bank / Utkarsh superCard
entry · cashback, secured, cobrand, lifetime-free, upi
Utkarsh superCard
The Utkarsh superCard charges no annual fee and no joining fee. Its base return is 1%. The forex markup is 3.5%. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3%a month
What changed on this card
- Utkarsh raises the finance charge on superCard and Wish to 3.5% a month from Jun 2026
From 21 June 2026 the interest on unpaid dues (not cash advances) rises from 3% a month (36% a year) to 3.5% a month (42% a year). The same revision is in the Wish Credit Card MITC. Source: Utkarsh Small Finance Bank, utkarsh.bank.in, read 28 Oct 2026
- Utkarsh adds a Rs 100 account maintenance charge on superCard and Wish from Jun 2026
From 21 June 2026 an Account Maintenance Charge of Rs 100 plus taxes applies for year 1. It is waived in all cases except a customer-initiated closure within 12 months of card issuance. The same charge is in the Wish Credit Card MITC. Source: Utkarsh Small Finance Bank, utkarsh.bank.in, read 28 Oct 2026
- Utkarsh cuts cash advance interest on superCard and Wish to 2.5% a month from May 2026
From 21 May 2026 cash advance interest for ATM withdrawals and transfers to a bank account falls from 3% a month (36% a year) to 2.5% a month (30% a year). The same revision is in the Wish Credit Card MITC. Source: Utkarsh Small Finance Bank, utkarsh.bank.in, read 28 Oct 2026
- Utkarsh superCard links the physical card fee to a Rs 10,000 FD from Aug 2025
From 11 August 2025 the physical card fee is nil with a fixed deposit of Rs 10,000 or more (Rs 249 plus taxes if the FD falls below that or the account closes within 12 months), Rs 99 plus taxes with an FD of Rs 5,000 to below Rs 10,000 (plus Rs 150 on breach), and Rs 249 plus taxes otherwise. Cards issued from 7 March 2025 to 11 August 2025 were charged Rs 249 only when the FD was below Rs 2,000. Source: Utkarsh Small Finance Bank, utkarsh.bank.in, read 28 Oct 2026
- Utkarsh superCard moves to 1% cashback on all spends from Aug 2025
From 11 August 2025 superCard earns 1% cashback on UPI and non-UPI spends, capped at Rs 500 a month on UPI (via the super.money app) and Rs 10,000 a month on non-UPI, on transactions of Rs 100 or more. Before that it earned 0.5% on non-UPI spends capped at Rs 200 per statement cycle and up to 5% on UPI spends. Source: Utkarsh Small Finance Bank, utkarsh.bank.in, read 28 Oct 2026
- Utkarsh superCard lowers the FD threshold for the physical card fee to Rs 2,000 in Mar 2025
For physical cards issued from 7 March 2025 to 11 August 2025, the Rs 249 plus taxes fee applied only when the fixed deposit fell below Rs 2,000. For cards issued from 1 November 2024 to 7 March 2025 the threshold was Rs 5,000. Source: Utkarsh Small Finance Bank, utkarsh.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Joining and annual fee nil. Physical card: nil if FD is Rs 10,000 or more at issuance; Rs 99 for FD Rs 5,000 to below Rs 10,000; Rs 249 otherwise. Extra Rs 249 (Rs 150 on the middle tier) if FD falls below the tier or account is closed within 12 months. Replacement or renewal card Rs 249. Product page still shows physical card fee Rs 299. |
Rewards
| Reward currency | Cashback (superRewards) |
|---|---|
| Base earn | 1% cashback on UPI and non-UPI spends, min transaction Rs 100 (from 11 Aug 2025) |
| Base return | 1% |
| Point value | Cashback in rupees, redeemable to the cardholder's account via superRewards after merchant settlement plus a hold of up to 30 days |
| Accelerated earn | Preferred merchants on non-UPI spends: Myntra 5%, Flipkart 2% (Rs 100 per txn); run as dated campaigns. Cleartrip 3% ended after 31 Dec 2025. |
| Caps | UPI: Rs 500 per month, and only for UPI payments made through the super.money app. Non-UPI: Rs 10,000 per month. Preferred merchants combined: Rs 500 per statement. |
| Spends that earn nothing | Government payments, agriculture/contractor services, rent, wallet/gift/prepaid/voucher loads, gold/jewellery, insurance, post office, transit, utilities, education, fuel, cash advances, balance payments, card fees, EMI transactions |
| Points expiry | 2 years from accrual; lapses on cancellation, delinquency or 365 days of non-use |
| Reward notes | base_return_pct = 1% per MITC version 30 Nov 2025. UPI spends made from any app other than super.money earn nothing. Before 11 Aug 2025 UPI earned up to 5%. |
Travel and perks
| Forex markup | 3.5% |
|---|
Charges and eligibility
| Interest per monthunverified | 3% |
|---|---|
| Late payment fee | Nil if credit limit below Rs 100; 5% of outstanding if limit below Rs 2,000; 10% of outstanding capped at Rs 1,250 if limit is Rs 2,000 or more |
| Cash advance fee | Domestic 5% or Rs 25, whichever is higher; international 5% or Rs 500; cash limit up to 20% of credit limit |
| Eligibilityunverified | Resident Indian, 18 and above, PAN, mobile and email; FD-backed, applied through the super.money app. Aggregators: FD from Rs 100 (up to Rs 9 lakh), limit 90% of FD. |
| Fine-print notes | Co-brand partner is Scapic Innovations (super.money, a Flipkart group company). MITC and KFS read were version 30 Nov 2025 and state 3% a month; cardadvisor (page dated 28 Sep 2026) reports interest on unpaid dues raised to 3.5% a month from 21 Jun 2026 and a Rs 100 account maintenance charge on customer-initiated closure within 12 months. A newer MITC was not found, so the later changes are unconfirmed. FD minimum and limit ratio are at the bank's discretion per MITC. Interest-free period up to 45 days. |
Questions
- What is the annual fee of the Utkarsh superCard?
- No annual fee.
- What is the forex markup on the Utkarsh superCard?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Utkarsh superCard?
- Government payments, agriculture/contractor services, rent, wallet/gift/prepaid/voucher loads, gold/jewellery, insurance, post office, transit, utilities, education, fuel, cash advances, balance payments, card fees, EMI transactions