New Credit Card Lunch: If you use a credit card, this news is special for you. On December 9th, SalarySe and City Union Bank launched a new credit card specifically for salaried individuals. This card is called the Level Up Credit Card and is built on the RuPay Credit Card on the UPI framework. This card allows for transactions for daily needs. It has been introduced to simplify UPI payments, online shopping, in-store purchases, and bill payments.
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What is the Salary Day Bonus?
The most important feature of this card is the Salary Day Bonus. Under this, maximum rewards are earned on spending made on the day the salary is credited to the account. The companies have also stated that this card has been designed keeping in mind monthly spending habits and salary credit schedules. This card facilitates spending based on employee-linked payroll verification.
This partnership with SalarySe’s integrated financial infrastructure and City Union Bank’s banking platform expands credit card usage via UPI to a new and defined segment. According to SalarySe’s co-founder, Mohit Gorisariya, the card aims to provide real benefits to the salaried workforce and ensure they receive the right benefits from credit.
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City Union Bank Executive Director Vijay Anand R. stated that credit cards via UPI offer a safe and modern credit model. He also stated that salaried consumers are crucial to India’s consumer economy. SalarySe is a unique platform. City Union Bank is one of the oldest banks in the country, with over 900 branches and a network spread across several states.