Pros and cons of linking your credit card with UPI

UPI lets users link their credit cards to their UPI account for direct payments. As of now, users can only link their RuPay credit cards to UPI accounts. Here are the pros and cons of linking your credit card to your UPI account.

Making payments with credit or debit cards can be tedious. Linking your credit card with your UPI account helps make the process faster.

Credit cards offer reward points to users after payments. More transactions with UPI will mean more rewards for users.

One of the cons of linking your credit card with your UPI account can be overspending.

Credit cards have higher interest rates, so not paying your credit card bills on time might put you at a disadvantage.

CIBIL scores depend on how much the user spends on their credit card as well as their regular card payments. If the user exceeds a certain amount regularly, it can affect their CIBIL score.