Kredit.Pe is a fintech-powered UPI payments app from Bengaluru-based WTEX Fintech Pvt. Ltd. that rewards users with cashback on everyday UPI transactions — a unique proposition compared with standard UPI apps, which typically don’t offer recurring cashback on transactions. The platform is designed to make digital payments more rewarding and cost-effective for users across India.
Kredit.Pe’s primary focus is on cashback incentives and helping users save money on routine payments like bill payments, recharges, shopping, and more — all within a secure UPI ecosystem.
How Kredit.Pe Works
At its core, Kredit.Pe functions like any UPI app:
- Scan & Pay through QR codes.
- UPI Autopay for recurring bills.
- Send money instantly via a UPI ID.
What sets it apart is the cashback reward system tied to payments made via the app.
Users can link any bank account or RuPay credit card to make UPI payments within Kredit.Pe. Cashback is earned differently based on which payment method is used:
- 1% cashback on regular UPI payments (linked bank account).
- 2% cashback when using a linked RuPay credit card for UPI payments.
These cashbacks are credited back into the Kredit.Pe account and can be redeemed for discounts on popular brands or used for other services within the app.
Cashback & Rewards Structure
1. UPI Cashback
- 1% Cashback: On all UPI transactions with a linked bank account.
- 2% Cashback: When you make UPI payments using a linked RuPay credit card via Kredit.Pe.
The earnings are typically added directly to your Kredit.Pe balance.
2. Redeeming Cashback
Instead of direct bank withdrawals, cashback can be used to get discounts on vouchers and services from brands like:
- Amazon, Flipkart, Swiggy, Zomato, Myntra, MakeMyTrip, and more.
Discounts can range from moderate to significant (e.g., up to 50% on select vouchers). - You can also save on utility bills or recharges with small cash rewards each time.
3. Digital Gold
Kredit.Pe also allows users to buy 24K digital gold, offering:
- Instant discount (e.g., 5%) on purchase using cashback.
- 2% cashback when buying gold through the platform.
Digital gold is stored and insured securely.
Linked Credit Cards
To maximize rewards, Kredit.Pe partners with banks to offer linked credit cards that boost cashback rates:
Yes Bank ACE Credit Card
- Lifetime free with no joining fee.
- Unlimited 2% cashback on UPI spends using Kredit.Pe.
- 3% milestone cashback when monthly spends exceed certain thresholds.
- ₹1,000 joining bonus credited upon activation.
- Additional benefits include fuel surcharge waivers and reward points on offline/online purchases.
SBM Kredit.Pe RuPay Card
- Accessible even without a credit history using a low fixed deposit.
- Up to 2–3% cashback structure on transactions and UPI spending.
- Immediate virtual card access upon approval.
- Cashback usable for discounts on major brands.
Key Advantages
✔ Earn cashback on everyday digital payments: Turning routine UPI spends into savings.
✔ Rewards for multiple spending types: UPI, bill payments, vouchers, and digital gold.
✔ Integrated credit card options: Designed to increase cashback benefits.
✔ User-friendly interface: Works seamlessly on Android & iOS.
Considerations & Risks
⚠ Not a direct bank payout: Cashback often must be redeemed for discounts rather than transferred to your bank account.
⚠ Cashback limits may apply: Some users have noted potential caps or differing offer terms.
⚠ Review voucher use rules: Check expiry & terms before redeeming cashback for discounts.
⚠ Offers change over time: Rewards are subject to periodic adjustments by the provider. — Web results.
Conclusion
Kredit.Pe is a reward-oriented UPI app that turns everyday payments into cashback opportunities. With its wide set of features — from UPI payments and RuPay credit card linking to digital gold purchases and discount redemptions — it offers a holistic way to save money while spending digitally. However, users should understand how cashback is credited and redeemed, as well as verify eligibility and specific terms for linked credit card benefits before applying.