Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Best Credit Cards for ₹50,000 Monthly Scan & Pay Merchant UPI Spend
Top-rated credit cards for ₹50,000/mo spent on Scan & Pay Merchant UPI. #1 Axis Bank Atlas Credit Card yields ₹16,067 net annual value (2.68% ROI). Compare full 10-card leaderboard.
🥈 Rank #2 Silver2.63% ROI
HDFC Diners Club Black Metal Edition
HDFC Bank
Net Annual Value+₹15,762
🥉 Rank #3 Bronze2.41% ROI
Myntra Kotak Credit Card
Kotak Mahindra Bank
Net Annual Value+₹14,453
Full 10-Card Ranked Standings (@ ₹50,000/mo)
| Rank | Credit Card | Rate in Category | Gross Rewards | Effective Fee | Net Annual Benefit | Action |
|---|---|---|---|---|---|---|
| #1 | Axis Bank Atlas Credit CardAxis Bank | 4% | ₹21,967 | ₹5,900 | +₹16,067 | Apply → |
| #2 | HDFC Diners Club Black Metal EditionHDFC Bank | 3.33% | ₹27,562 | ₹11,800 | +₹15,762 | Apply → |
| #3 | Myntra Kotak Credit CardKotak Mahindra Bank | 1.25% | ₹14,453 | Waived (₹0) | +₹14,453 | Apply → |
| #4 | Tata Neu Infinity HDFC Credit CardHDFC Bank | 1.5% | ₹13,885 | Waived (₹0) | +₹13,885 | Apply → |
| #5 | Airtel Axis Bank Credit CardAxis Bank | 1% | ₹13,744 | Waived (₹0) | +₹13,744 | Apply → |
| #6 | Swiggy HDFC Bank Credit CardHDFC Bank | 1% | ₹13,567 | Waived (₹0) | +₹13,567 | Apply → |
| #7 | HSBC Live+ Credit CardHSBC India | 1.5% | ₹13,518 | Waived (₹0) | +₹13,518 | Apply → |
| #8 | HDFC Infinia Metal EditionHDFC Bank | 3.33% | ₹27,562 | ₹14,750 | +₹12,812 | Apply → |
| #9 | HDFC Regalia Gold Credit CardHDFC Bank | 1.33% | ₹12,458 | Waived (₹0) | +₹12,458 | Apply → |
| #10 | HDFC Millennia Credit CardHDFC Bank | 1% | ₹11,845 | Waived (₹0) | +₹11,845 | Apply → |
| #11 | SBI Cashback Credit CardSBI Card | 1% | ₹11,365 | Waived (₹0) | +₹11,365 | Apply → |
| #12 | Flipkart Axis Bank Credit CardAxis Bank | 1% | ₹9,896 | Waived (₹0) | +₹9,896 | Apply → |
| #13 | Kiwi RuPay Credit Card with NeonAxis Bank | 2% | ₹9,713 | Waived (₹0) | +₹9,713 | Apply → |
| #14 | YES BANK Marquee Credit CardYES BANK | 2.25% | ₹15,568 | ₹5,899 | +₹9,669 | Apply → |
| #15 | Amazon Pay ICICI Bank Credit CardICICI Bank | 1% | ₹9,162 | Waived (₹0) | +₹9,162 | Apply → |
| #16 | Ixigo AU Credit CardAU Small Finance Bank | 1.25% | ₹8,806 | Waived (₹0) | +₹8,806 | Apply → |
| #17 | American Express Membership Rewards Credit CardAmerican Express | 0% Excluded | ₹7,666 | Waived (₹0) | +₹7,666 | Apply → |
| #18 | Standard Chartered Smart Credit CardStandard Chartered Bank | 1% | ₹7,045 | Waived (₹0) | +₹7,045 | Apply → |
| #19 | IndusInd Bank Tiger Credit CardIndusInd Bank | 1.2% | ₹6,791 | Waived (₹0) | +₹6,791 | Apply → |
| #20 | IDFC FIRST Wealth Credit CardIDFC FIRST Bank | 0.75% | ₹6,660 | Waived (₹0) | +₹6,660 | Apply → |
| #21 | IndianOil RBL Bank Xtra Credit CardRBL Bank | 0.5% | ₹4,976 | Waived (₹0) | +₹4,976 | Apply → |
| #22 | IndusInd Bank Legend Credit CardIndusInd Bank | 0.75% | ₹4,422 | Waived (₹0) | +₹4,422 | Apply → |
| #23 | BPCL SBI Card OCTANESBI Card | 0.25% | ₹4,408 | Waived (₹0) | +₹4,408 | Apply → |
| #24 | Jupiter Edge CSB Bank RuPay Credit CardCSB Bank | 0.4% | ₹4,230 | Waived (₹0) | +₹4,230 | Apply → |
| #25 | SBI SimplyCLICK Credit CardSBI Card | 0.25% | ₹4,126 | Waived (₹0) | +₹4,126 | Apply → |
| #26 | IDFC FIRST Select Credit CardIDFC FIRST Bank | 0.5% | ₹3,452 | Waived (₹0) | +₹3,452 | Apply → |
| #27 | ICICI Bank Coral RuPay Credit CardICICI Bank | 0.5% | ₹2,866 | Waived (₹0) | +₹2,866 | Apply → |
| #28 | ICICI Bank Sapphiro Credit CardICICI Bank | 0.5% | ₹2,809 | Waived (₹0) | +₹2,809 | Apply → |
| #29 | OneCard Metal Credit CardFederal Bank | 0.2% | ₹2,369 | Waived (₹0) | +₹2,369 | Apply → |
| #30 | Axis Bank Magnus Credit CardAxis Bank | 2.4% | ₹14,536 | ₹14,750 | +-₹214 | Apply → |
Frequently Asked Questions
Which credit card ranks #1 for ₹50,000/month spent on Scan & Pay Merchant UPI?▼
Axis Bank Atlas Credit Card ranks #1, generating ₹21,967 gross rewards and ₹16,067 in net annual value (2.68% 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 ₹15,762 net annual value. Axis Bank Atlas Credit Card outperforms it by ₹305/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 Axis Bank Atlas Credit Card at ₹600,000 annual spend, the fee is ₹5,900 after 18% GST.