Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Best Credit Cards for ₹200,000 Monthly Scan & Pay Merchant UPI Spend
Top-rated credit cards for ₹200,000/mo spent on Scan & Pay Merchant UPI. #1 HDFC Infinia Metal Edition yields ₹110,248 net annual value (4.59% ROI). Compare full 10-card leaderboard.
🥈 Rank #2 Silver4.59% ROI
HDFC Diners Club Black Metal Edition
HDFC Bank
Net Annual Value+₹1,10,248
Full 10-Card Ranked Standings (@ ₹2,00,000/mo)
| Rank | Credit Card | Rate in Category | Gross Rewards | Effective Fee | Net Annual Benefit | Action |
|---|---|---|---|---|---|---|
| #1 | HDFC Infinia Metal EditionHDFC Bank | 3.33% | ₹1,10,248 | Waived (₹0) | +₹1,10,248 | Apply → |
| #2 | HDFC Diners Club Black Metal EditionHDFC Bank | 3.33% | ₹1,10,248 | Waived (₹0) | +₹1,10,248 | Apply → |
| #3 | Axis Bank Atlas Credit CardAxis Bank | 4% | ₹87,868 | ₹5,900 | +₹81,968 | Apply → |
| #4 | YES BANK Marquee Credit CardYES BANK | 2.25% | ₹62,273 | Waived (₹0) | +₹62,273 | Apply → |
| #5 | Myntra Kotak Credit CardKotak Mahindra Bank | 1.25% | ₹54,635 | Waived (₹0) | +₹54,635 | Apply → |
| #6 | Swiggy HDFC Bank Credit CardHDFC Bank | 1% | ₹54,268 | Waived (₹0) | +₹54,268 | Apply → |
| #7 | HDFC Regalia Gold Credit CardHDFC Bank | 1.33% | ₹49,832 | Waived (₹0) | +₹49,832 | Apply → |
| #8 | SBI Cashback Credit CardSBI Card | 1% | ₹45,459 | Waived (₹0) | +₹45,459 | Apply → |
| #9 | Axis Bank Magnus Credit CardAxis Bank | 2.4% | ₹58,142 | ₹14,750 | +₹43,392 | Apply → |
| #10 | HSBC Live+ Credit CardHSBC India | 1.5% | ₹41,224 | Waived (₹0) | +₹41,224 | Apply → |
| #11 | Tata Neu Infinity HDFC Credit CardHDFC Bank | 1.5% | ₹39,939 | Waived (₹0) | +₹39,939 | Apply → |
| #12 | Flipkart Axis Bank Credit CardAxis Bank | 1% | ₹39,586 | Waived (₹0) | +₹39,586 | Apply → |
| #13 | Amazon Pay ICICI Bank Credit CardICICI Bank | 1% | ₹36,649 | Waived (₹0) | +₹36,649 | Apply → |
| #14 | Ixigo AU Credit CardAU Small Finance Bank | 1.25% | ₹35,224 | Waived (₹0) | +₹35,224 | Apply → |
| #15 | Airtel Axis Bank Credit CardAxis Bank | 1% | ₹33,127 | Waived (₹0) | +₹33,127 | Apply → |
| #16 | HDFC Millennia Credit CardHDFC Bank | 1% | ₹28,320 | Waived (₹0) | +₹28,320 | Apply → |
| #17 | Kiwi RuPay Credit Card with NeonAxis Bank | 2% | ₹28,052 | Waived (₹0) | +₹28,052 | Apply → |
| #18 | Standard Chartered Smart Credit CardStandard Chartered Bank | 1% | ₹27,755 | Waived (₹0) | +₹27,755 | Apply → |
| #19 | IndusInd Bank Tiger Credit CardIndusInd Bank | 1.2% | ₹27,162 | Waived (₹0) | +₹27,162 | Apply → |
| #20 | American Express Membership Rewards Credit CardAmerican Express | 0% Excluded | ₹26,711 | Waived (₹0) | +₹26,711 | Apply → |
| #21 | IDFC FIRST Wealth Credit CardIDFC FIRST Bank | 0.75% | ₹26,640 | Waived (₹0) | +₹26,640 | Apply → |
| #22 | IndianOil RBL Bank Xtra Credit CardRBL Bank | 0.5% | ₹19,906 | Waived (₹0) | +₹19,906 | Apply → |
| #23 | IndusInd Bank Legend Credit CardIndusInd Bank | 0.75% | ₹17,689 | Waived (₹0) | +₹17,689 | Apply → |
| #24 | BPCL SBI Card OCTANESBI Card | 0.25% | ₹17,633 | Waived (₹0) | +₹17,633 | Apply → |
| #25 | Jupiter Edge CSB Bank RuPay Credit CardCSB Bank | 0.4% | ₹16,919 | Waived (₹0) | +₹16,919 | Apply → |
| #26 | SBI SimplyCLICK Credit CardSBI Card | 0.25% | ₹16,504 | Waived (₹0) | +₹16,504 | Apply → |
| #27 | IDFC FIRST Select Credit CardIDFC FIRST Bank | 0.5% | ₹13,807 | Waived (₹0) | +₹13,807 | Apply → |
| #28 | ICICI Bank Coral RuPay Credit CardICICI Bank | 0.5% | ₹11,464 | Waived (₹0) | +₹11,464 | Apply → |
| #29 | ICICI Bank Sapphiro Credit CardICICI Bank | 0.5% | ₹11,238 | Waived (₹0) | +₹11,238 | Apply → |
| #30 | OneCard Metal Credit CardFederal Bank | 0.2% | ₹9,476 | Waived (₹0) | +₹9,476 | Apply → |
Frequently Asked Questions
Which credit card ranks #1 for ₹200,000/month spent on Scan & Pay Merchant UPI?▼
HDFC Infinia Metal Edition ranks #1, generating ₹110,248 gross rewards and ₹110,248 in net annual value (4.59% effective yield) after deducting annual fees.
How does the runner-up compare to the winner?▼
The #2 card is HDFC Diners Club Black Metal Edition delivering ₹110,248 net annual value. HDFC Infinia Metal Edition outperforms it by ₹0/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 HDFC Infinia Metal Edition at ₹2,400,000 annual spend, the fee is waived (₹0 effective fee).