Verified 2026 Bank MITC Rules & RBI ExclusionsUpdated: 2026-03-01
Ixigo AU Credit Card vs Kiwi RuPay Credit Card with Neon for ₹150,000 Monthly Spend
Comparing Ixigo AU Credit Card vs Kiwi RuPay Credit Card with Neon at ₹150,000/month. Ixigo AU Credit Card wins, delivering ₹30,075 net annual value (1.67% ROI) vs ₹21,420 for Kiwi RuPay Credit Card with Neon.
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₹1,50,000(₹18,00,000/yr)
₹10,000/mo₹1,00,000/mo₹2,50,000/mo
Winner at ₹1,50,000/mo+ ₹8,655/yr Higher Value
Ixigo AU Credit Card
Delivers ₹30,075 net annual returns (1.67% ROI) vs ₹21,420 on Kiwi RuPay Credit Card with Neon.
Card A
Ixigo AU Credit Card
AU Small Finance Bank
₹30,075Net Annual Benefit
Gross Rewards:₹30,075/yr
Effective Fee (incl. GST):Waived (₹0)
Net ROI on Spend:1.67%
⚠️ Hits monthly cashback caps: -₹750/yr lost
Card B
Kiwi RuPay Credit Card with Neon
Axis Bank
₹21,420Net Annual Benefit
Gross Rewards:₹21,420/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
+₹1,500/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 ₹1,500/yr extra on zero-reward categories.
Routes excluded categories:Amazon, Flipkart & Myntra Shopping (Excess Spends)Swiggy, Zomato & Dining Out (Excess Spends)Blinkit, Zepto, Instamart & Supermarkets (Excess Spends)Flights, Hotels & IRCTC Trains (Excess Spends)
Detailed 12-Category Rupee Breakdown (@ ₹1,50,000/mo)
| Spend Category | Monthly Spend | Ixigo AU Credit Card | Kiwi RuPay Credit Card with Neon |
|---|---|---|---|
| Amazon, Flipkart & Myntra Shopping | ₹37,500/mo | ₹909 (Capped) | ₹375 (1%) |
| Scan & Pay Merchant UPI | ₹22,500/mo | ₹281 (1.25%) | ₹450 (2%) |
| Electricity, Water, Gas & Broadband Bills | ₹18,000/mo | ₹225 (1.25%) | ₹180 (1%) |
| Swiggy, Zomato & Dining Out | ₹18,000/mo | ₹436 (Capped) | ₹360 (2%) |
| Blinkit, Zepto, Instamart & Supermarkets | ₹15,000/mo | ₹364 (Capped) | ₹300 (2%) |
| Petrol & Diesel at Fuel Stations1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹150/cycle | ₹12,000/mo | 0% Excluded | 0% Excluded |
| Flights, Hotels & IRCTC Trains | ₹12,000/mo | ₹291 (Capped) | ₹120 (1%) |
| LIC, Health & Term Insurance Premiums | ₹7,500/mo | 0% Excluded | 0% Excluded |
| House Rent & School/College FeesRent and educational payments are excluded from reward points accrual | ₹7,500/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 | ₹18,00,000/yr | +₹30,075 | +₹21,420 |
Frequently Asked Questions
Which card is better between Ixigo AU Credit Card and Kiwi RuPay Credit Card with Neon for ₹150,000/month?▼
At ₹150,000/month (₹1,800,000/year), Ixigo AU Credit Card mathematically outperforms Kiwi RuPay Credit Card with Neon by ₹8,655/year. Ixigo AU Credit Card delivers ₹30,075 net annual benefit (1.67% effective yield), while Kiwi RuPay Credit Card with Neon returns ₹21,420 (1.19% effective yield).
Will the annual fee be waived at ₹150,000 monthly spend?▼
On an annual spend of ₹1,800,000: 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 ₹750/year to monthly cashback caps, while Kiwi RuPay Credit Card with Neon loses ₹0/year. Capped categories on Ixigo AU Credit Card: Amazon, Flipkart & Myntra Shopping, Swiggy, Zomato & Dining Out, Blinkit, Zepto, Instamart & Supermarkets, Flights, Hotels & IRCTC Trains. 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.