Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Best Credit Cards for ₹15,000 Monthly Scan & Pay Merchant UPI Spend
Top-rated credit cards for ₹15,000/mo spent on Scan & Pay Merchant UPI. #1 Myntra Kotak Credit Card yields ₹3,746 net annual value (2.08% ROI). Compare full 10-card leaderboard.
🥇 Rank #1 Gold2.08% ROI
Myntra Kotak Credit Card
Kotak Mahindra Bank
Net Annual Value+₹3,746
Full 10-Card Ranked Standings (@ ₹15,000/mo)
| Rank | Credit Card | Rate in Category | Gross Rewards | Effective Fee | Net Annual Benefit | Action |
|---|---|---|---|---|---|---|
| #1 | Myntra Kotak Credit CardKotak Mahindra Bank | 1.25% | ₹4,336 | ₹590 | +₹3,746 | Apply → |
| #2 | Airtel Axis Bank Credit CardAxis Bank | 1% | ₹4,240 | ₹590 | +₹3,650 | Apply → |
| #3 | HDFC Millennia Credit CardHDFC Bank | 1% | ₹3,553 | Waived (₹0) | +₹3,553 | Apply → |
| #4 | Swiggy HDFC Bank Credit CardHDFC Bank | 1% | ₹4,070 | ₹590 | +₹3,480 | Apply → |
| #5 | Kiwi RuPay Credit Card with NeonAxis Bank | 2% | ₹2,914 | Waived (₹0) | +₹2,914 | Apply → |
| #6 | HSBC Live+ Credit CardHSBC India | 1.5% | ₹4,055 | ₹1,179 | +₹2,876 | Apply → |
| #7 | Amazon Pay ICICI Bank Credit CardICICI Bank | 1% | ₹2,749 | Waived (₹0) | +₹2,749 | Apply → |
| #8 | Ixigo AU Credit CardAU Small Finance Bank | 1.25% | ₹2,642 | Waived (₹0) | +₹2,642 | Apply → |
| #9 | Tata Neu Infinity HDFC Credit CardHDFC Bank | 1.5% | ₹4,165 | ₹1,769 | +₹2,396 | Apply → |
| #10 | Flipkart Axis Bank Credit CardAxis Bank | 1% | ₹2,969 | ₹590 | +₹2,379 | Apply → |
| #11 | American Express Membership Rewards Credit CardAmerican Express | 0% Excluded | ₹2,300 | Waived (₹0) | +₹2,300 | Apply → |
| #12 | SBI Cashback Credit CardSBI Card | 1% | ₹3,409 | ₹1,179 | +₹2,230 | Apply → |
| #13 | Standard Chartered Smart Credit CardStandard Chartered Bank | 1% | ₹2,113 | Waived (₹0) | +₹2,113 | Apply → |
| #14 | IndusInd Bank Tiger Credit CardIndusInd Bank | 1.2% | ₹2,037 | Waived (₹0) | +₹2,037 | Apply → |
| #15 | IDFC FIRST Wealth Credit CardIDFC FIRST Bank | 0.75% | ₹1,998 | Waived (₹0) | +₹1,998 | Apply → |
| #16 | IndusInd Bank Legend Credit CardIndusInd Bank | 0.75% | ₹1,327 | Waived (₹0) | +₹1,327 | Apply → |
| #17 | Jupiter Edge CSB Bank RuPay Credit CardCSB Bank | 0.4% | ₹1,269 | Waived (₹0) | +₹1,269 | Apply → |
| #18 | SBI SimplyCLICK Credit CardSBI Card | 0.25% | ₹1,238 | Waived (₹0) | +₹1,238 | Apply → |
| #19 | IDFC FIRST Select Credit CardIDFC FIRST Bank | 0.5% | ₹1,036 | Waived (₹0) | +₹1,036 | Apply → |
| #20 | ICICI Bank Coral RuPay Credit CardICICI Bank | 0.5% | ₹860 | Waived (₹0) | +₹860 | Apply → |
| #21 | HDFC Regalia Gold Credit CardHDFC Bank | 1.33% | ₹3,737 | ₹2,950 | +₹787 | Apply → |
| #22 | OneCard Metal Credit CardFederal Bank | 0.2% | ₹711 | Waived (₹0) | +₹711 | Apply → |
| #23 | Axis Bank Atlas Credit CardAxis Bank | 4% | ₹6,590 | ₹5,900 | +₹690 | Apply → |
| #24 | IndianOil RBL Bank Xtra Credit CardRBL Bank | 0.5% | ₹1,493 | ₹1,770 | +-₹277 | Apply → |
| #25 | BPCL SBI Card OCTANESBI Card | 0.25% | ₹1,322 | ₹1,769 | +-₹447 | Apply → |
| #26 | YES BANK Marquee Credit CardYES BANK | 2.25% | ₹4,670 | ₹5,899 | +-₹1,229 | Apply → |
| #27 | ICICI Bank Sapphiro Credit CardICICI Bank | 0.5% | ₹843 | ₹4,130 | +-₹3,287 | Apply → |
| #28 | HDFC Diners Club Black Metal EditionHDFC Bank | 3.33% | ₹8,269 | ₹11,800 | +-₹3,531 | Apply → |
| #29 | HDFC Infinia Metal EditionHDFC Bank | 3.33% | ₹8,269 | ₹14,750 | +-₹6,481 | Apply → |
| #30 | Axis Bank Magnus Credit CardAxis Bank | 2.4% | ₹4,361 | ₹14,750 | +-₹10,389 | Apply → |
Frequently Asked Questions
Which credit card ranks #1 for ₹15,000/month spent on Scan & Pay Merchant UPI?▼
Myntra Kotak Credit Card ranks #1, generating ₹4,336 gross rewards and ₹3,746 in net annual value (2.08% effective yield) after deducting annual fees.
How does the runner-up compare to the winner?▼
The #2 card is Airtel Axis Bank Credit Card delivering ₹3,650 net annual value. Myntra Kotak Credit Card outperforms it by ₹96/year.
Which credit cards should I avoid for Scan & Pay Merchant UPI?▼
Avoid American Express Membership Rewards Credit Card, as they provide 0.0% rewards on Scan & Pay Merchant UPI due to bank category exclusions.
Will the annual fee of the winning card be waived?▼
For Myntra Kotak Credit Card at ₹180,000 annual spend, the fee is ₹590 after 18% GST.