Google Credit Card: Google has launched a new digital credit initiative called Flex by Google Pay. It aims to make credit easier and more accessible for people’s everyday expenses in India. This service is based on the RuPay network and is directly integrated into the Google Pay app.
Flex essentially provides a digital co-branded credit card experience, combining the convenience of UPI with a credit line. The first product under this brand is the Google Pay Flex Axis Bank Credit Card, launched in partnership with Axis Bank. This card will be available exclusively through the Google Pay app.
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Flex by Google Pay: Features and Highlights
Google stated in its blog post that currently, only about 50 million people in India use credit cards. Flex by Google Pay is designed to bridge this gap and expand access to credit for more people.
In simple terms, Flex is a UPI-powered digital credit card that resides entirely within the Google Pay app. It doesn’t require any physical documents or lengthy processes. Users can apply for the card in just a few minutes within the app and start using it as soon as it’s approved.
The card operates on the RuPay network, so it can be used at all online and offline merchants that accept RuPay or UPI. The payment method will be exactly like UPI.
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According to Google, Flex offers several smart features to its users. The application and approval process for the card is completely digital and quick. Thanks to RuPay support, the card will work everywhere, from small shopkeepers to large online platforms.
Additionally, Google Pay and Axis Bank are offering a rewards system. Users will earn ‘Stars’ on every transaction, with a value of 1 Star = 1 Rupee. These stars can be instantly redeemed for future payments.
Flex is also quite flexible when it comes to repayment. Users can choose to pay the entire bill at once or convert it into EMIs. Additionally, the app offers several card-related controls, such as setting spending limits, blocking or unblocking the card, and changing the PIN.
Flex by Google Pay is launching today and will be made available to more users in the coming days. Currently, interested users can join the waitlist through the Google Pay app.