Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Ixigo AU Credit Card vs Kiwi RuPay Credit Card with Neon for ₹100,000 Monthly Spend
Comparing Ixigo AU Credit Card vs Kiwi RuPay Credit Card with Neon at ₹100,000/month. Ixigo AU Credit Card wins, delivering ₹20,550 net annual value (1.71% ROI) vs ₹14,280 for Kiwi RuPay Credit Card with Neon.
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Simulates real-world capping thresholds, 18% GST deductions, and bank waiver rules in real time.
₹1,00,000(₹12,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,00,000/mo+ ₹6,270/yr Higher Value
Ixigo AU Credit Card
Delivers ₹20,550 net annual returns (1.71% ROI) vs ₹14,280 on Kiwi RuPay Credit Card with Neon.
Card A
Ixigo AU Credit Card
AU Small Finance Bank
₹20,550Net Annual Benefit
Gross Rewards:₹20,550/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.71%
Card B
Kiwi RuPay Credit Card with Neon
Axis Bank
₹14,280Net Annual Benefit
Gross Rewards:₹14,280/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.19%
Fee Waiver Progress (1.5L target):100%
2-Card Optimization HackMaximize Trapped / Capped Spend
+₹12,000/year Extra YieldPair Ixigo AU Credit Card + SBI Cashback Credit Card
Pair Ixigo AU Credit Card with SBI Cashback Credit Card to capture up to ₹12,000/yr extra on zero-reward categories.
Routes excluded categories:Utility & Offline Spends
Detailed 12-Category Rupee Breakdown (@ ₹1,00,000/mo)
| Spend Category | Monthly Spend | Ixigo AU Credit Card | Kiwi RuPay Credit Card with Neon |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹25,000/mo | ₹625 (2.5%) | ₹250 (1%) |
| Scan & Pay Merchant UPI | ₹15,000/mo | ₹188 (1.25%) | ₹300 (2%) |
| Electricity, Water, Gas & Broadband Bills | ₹12,000/mo | ₹150 (1.25%) | ₹120 (1%) |
| Swiggy, Zomato & Dining Out | ₹12,000/mo | ₹300 (2.5%) | ₹240 (2%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹10,000/mo | ₹250 (2.5%) | ₹200 (2%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹150/cycle | ₹8,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹8,000/mo | ₹200 (2.5%) | ₹80 (1%) |
| LIC, Health & Term Insurance Premiums | ₹5,000/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent and educational payments are excluded from reward points accrual | ₹5,000/mo | 0% Excluded | 0% Excluded |
| International Travel & Forex SpendsZero 0% markup fee on foreign currency transactions; 1% dynamic currency conversion fee applies if settled in INR | ₹0/mo | ₹0 (1.25%) | ₹0 (1%) |
| Gold, Silver & Jewelry Purchases | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Income Tax, GST & Challan Payments | ₹0/mo | ₹0 (0%) | ₹0 (0%) |
| Net Annual Benefit | ₹12,00,000/yr | +₹20,550 | +₹14,280 |
Frequently Asked Questions
Which card is better between Ixigo AU Credit Card and Kiwi RuPay Credit Card with Neon for ₹100,000/month?▼
At ₹100,000/month (₹1,200,000/year), Ixigo AU Credit Card mathematically outperforms Kiwi RuPay Credit Card with Neon by ₹6,270/year. Ixigo AU Credit Card delivers ₹20,550 net annual benefit (1.71% effective yield), while Kiwi RuPay Credit Card with Neon returns ₹14,280 (1.19% effective yield).
Will the annual fee be waived at ₹100,000 monthly spend?▼
On an annual spend of ₹1,200,000: Ixigo AU Credit Card annual fee is waived (₹0). Kiwi RuPay Credit Card with Neon annual fee is waived (₹0).
How do reward caps impact the earnings on both cards?▼
At this spend tier, Ixigo AU Credit Card loses ₹0/year to monthly cashback caps, while Kiwi RuPay Credit Card with Neon loses ₹0/year. Ixigo AU Credit Card remains uncapped at this spend. Kiwi RuPay Credit Card with Neon remains uncapped at this spend.
What is the breakeven monthly spend between Ixigo AU Credit Card and Kiwi RuPay Credit Card with Neon?▼
The calculated crossover breakeven spend is ₹235,000/month, where higher-fee benefits overtake the lower-fee option.