Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Best Credit Cards for ₹30,000 Monthly Scan & Pay Merchant UPI Spend
Top-rated credit cards for ₹30,000/mo spent on Scan & Pay Merchant UPI. #1 Myntra Kotak Credit Card yields ₹8,672 net annual value (2.41% ROI). Compare full 10-card leaderboard.
🥇 Rank #1 Gold2.41% ROI
Myntra Kotak Credit Card
Kotak Mahindra Bank
Net Annual Value+₹8,672
🥉 Rank #3 Bronze2.31% ROI
Tata Neu Infinity HDFC Credit Card
HDFC Bank
Net Annual Value+₹8,331
Full 10-Card Ranked Standings (@ ₹30,000/mo)
| Rank | Credit Card | Rate in Category | Gross Rewards | Effective Fee | Net Annual Benefit | Action |
|---|---|---|---|---|---|---|
| #1 | Myntra Kotak Credit CardKotak Mahindra Bank | 1.25% | ₹8,672 | Waived (₹0) | +₹8,672 | Apply → |
| #2 | Airtel Axis Bank Credit CardAxis Bank | 1% | ₹8,479 | Waived (₹0) | +₹8,479 | Apply → |
| #3 | Tata Neu Infinity HDFC Credit CardHDFC Bank | 1.5% | ₹8,331 | Waived (₹0) | +₹8,331 | Apply → |
| #4 | Swiggy HDFC Bank Credit CardHDFC Bank | 1% | ₹8,140 | Waived (₹0) | +₹8,140 | Apply → |
| #5 | HSBC Live+ Credit CardHSBC India | 1.5% | ₹8,111 | Waived (₹0) | +₹8,111 | Apply → |
| #6 | Axis Bank Atlas Credit CardAxis Bank | 4% | ₹13,180 | ₹5,900 | +₹7,280 | Apply → |
| #7 | HDFC Millennia Credit CardHDFC Bank | 1% | ₹7,107 | Waived (₹0) | +₹7,107 | Apply → |
| #8 | SBI Cashback Credit CardSBI Card | 1% | ₹6,819 | Waived (₹0) | +₹6,819 | Apply → |
| #9 | Flipkart Axis Bank Credit CardAxis Bank | 1% | ₹5,938 | Waived (₹0) | +₹5,938 | Apply → |
| #10 | Kiwi RuPay Credit Card with NeonAxis Bank | 2% | ₹5,828 | Waived (₹0) | +₹5,828 | Apply → |
| #11 | Amazon Pay ICICI Bank Credit CardICICI Bank | 1% | ₹5,497 | Waived (₹0) | +₹5,497 | Apply → |
| #12 | Ixigo AU Credit CardAU Small Finance Bank | 1.25% | ₹5,284 | Waived (₹0) | +₹5,284 | Apply → |
| #13 | HDFC Diners Club Black Metal EditionHDFC Bank | 3.33% | ₹16,537 | ₹11,800 | +₹4,737 | Apply → |
| #14 | American Express Membership Rewards Credit CardAmerican Express | 0% Excluded | ₹4,600 | Waived (₹0) | +₹4,600 | Apply → |
| #15 | HDFC Regalia Gold Credit CardHDFC Bank | 1.33% | ₹7,475 | ₹2,950 | +₹4,525 | Apply → |
| #16 | Standard Chartered Smart Credit CardStandard Chartered Bank | 1% | ₹4,227 | Waived (₹0) | +₹4,227 | Apply → |
| #17 | IndusInd Bank Tiger Credit CardIndusInd Bank | 1.2% | ₹4,074 | Waived (₹0) | +₹4,074 | Apply → |
| #18 | IDFC FIRST Wealth Credit CardIDFC FIRST Bank | 0.75% | ₹3,996 | Waived (₹0) | +₹3,996 | Apply → |
| #19 | YES BANK Marquee Credit CardYES BANK | 2.25% | ₹9,341 | ₹5,899 | +₹3,442 | Apply → |
| #20 | IndianOil RBL Bank Xtra Credit CardRBL Bank | 0.5% | ₹2,986 | Waived (₹0) | +₹2,986 | Apply → |
| #21 | IndusInd Bank Legend Credit CardIndusInd Bank | 0.75% | ₹2,653 | Waived (₹0) | +₹2,653 | Apply → |
| #22 | BPCL SBI Card OCTANESBI Card | 0.25% | ₹2,645 | Waived (₹0) | +₹2,645 | Apply → |
| #23 | Jupiter Edge CSB Bank RuPay Credit CardCSB Bank | 0.4% | ₹2,538 | Waived (₹0) | +₹2,538 | Apply → |
| #24 | SBI SimplyCLICK Credit CardSBI Card | 0.25% | ₹2,476 | Waived (₹0) | +₹2,476 | Apply → |
| #25 | IDFC FIRST Select Credit CardIDFC FIRST Bank | 0.5% | ₹2,071 | Waived (₹0) | +₹2,071 | Apply → |
| #26 | HDFC Infinia Metal EditionHDFC Bank | 3.33% | ₹16,537 | ₹14,750 | +₹1,787 | Apply → |
| #27 | ICICI Bank Coral RuPay Credit CardICICI Bank | 0.5% | ₹1,720 | Waived (₹0) | +₹1,720 | Apply → |
| #28 | OneCard Metal Credit CardFederal Bank | 0.2% | ₹1,421 | Waived (₹0) | +₹1,421 | Apply → |
| #29 | ICICI Bank Sapphiro Credit CardICICI Bank | 0.5% | ₹1,686 | ₹4,130 | +-₹2,444 | Apply → |
| #30 | Axis Bank Magnus Credit CardAxis Bank | 2.4% | ₹8,721 | ₹14,750 | +-₹6,029 | Apply → |
Frequently Asked Questions
Which credit card ranks #1 for ₹30,000/month spent on Scan & Pay Merchant UPI?▼
Myntra Kotak Credit Card ranks #1, generating ₹8,672 gross rewards and ₹8,672 in net annual value (2.41% 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 ₹8,479 net annual value. Myntra Kotak Credit Card outperforms it by ₹193/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 ₹360,000 annual spend, the fee is waived (₹0 effective fee).