.::vCard - Credit card for UPI payments::.

Benefits and Offers

Unlimited UPI Transfer
Transfer Entire Credit Limit to any Account
No Plastic Card, reward points
Zero Annual Fee
Finance Charges are Rs. 1.15 per 1000 per day.
Finance Charges reduce based on credit score and spend history
Personalized offers on Food, Shopping, Entertainment, Online Spend etc.

Get started

Complete Application on App or Web
Basic Demographics, PAN details
On Approval, Complete Application with Aadhaar based KYC
If Current Address doesn’t match Aadhaar – edit Aadhaar details to match current address on the UIDAI website

Using vCard

Scan or Type target UPI ID from any app – BHIM, PhonePe, Google, Whatsapp etc.
Pay by UPI and authenticate through TPIN
Alternately, move entire limit to any account and convert into EMIs
Avail of relevant rewards and merchant benefits based on spend
Tag spends to different categories, set budgetary limits
Leverage analytics and reminders for insight to manage expenditure

Repayment

On or before due date, make payment through UPI/ Netbanking on the vCard app
If unable to make full payment, pay at least the Minimum Amount Due to avoid late fees
If you make any payment before the due date, it reduces the overall Finance Charges

Credit Line Charges

Zero Annual Fees
Pay using credit line at Finance Charges Rs. 1.15 per 1000 per day for any spend calculated on the daily outstanding balance.

Frequently Asked Questions

Who is eligible to apply for vCard
Anyone who is Salaried /Self Employed holding an Aadhaar card + PAN card and of age group 23 years to 55 years is eligible to apply
What are the documents required to apply for vCard
Selfie based photo taken online and Aadhar card as ID/Address proof .It is essential that current address is same as mentioned on Aadhar
How does UPI work and what are the charges
vCard allows payment to any UPI app - including BHIM, Bank Apps in addition to Google, Whatsapp, PhonePe, PayTM etc. You may scan the UPI QR or type the UPI ID to find the beneficiary.
There are no Charges for UPI transactions
What is the Process to apply for vCard
You may initially check eligibility through https://app.vcard.ai/vmod/checkEligibility post eligibility approval you need to fill up the KYC details and then upload Aadhar as document -Once the application is approved you may start using the vCard instantly.
What is the fee and the interest charges structure? Are there any hidden fee?
You will be charged a Finance Charge of Rs. 1.15 per 1000 or 0.115% per day and the amount payable is calculated accordingly monthly. The late fee shall not be collected for 5 days after bill generation however Rs.100 as Convenience charges will be levied.
- Minimum amount of 5% is payable, failing which the account goes Delinquent and also attracts late fees of 15%
What is the Maximum Credit Limit I can get
The maximum eligible amount is Rs.60,000
When will I receive my statement
Bill will be generated on the last day of every month
Is there any Annual fee charges for vCard
There is no annual fee charged
Is there any Possibility to enhance the Limit after certain period of usage
There is no possibility to enhance the amount at this point of time however will be accordingly communicated if the same is considered
What are the various charges applicable on the Credit line
Other than Late fee and Interest, Convenience charge of Rs.100 will be charged on every month bill
How can I generate my m-PIN
m-PIN can be generated after signing up in to vCard app with your registered mobile number
How can I change /update my m-PIN
m-PIN can be changed at any time through vCard app, from Settings option in menu bar
What is the option for bill Payment
Bill will be generated on the last day of every month and the same can be paid through Net Banking / eMandate
How is the interest calculated on my account
You will be charged Finance Charges of Rs. 1.15 per 1000 or 0.115% per day and the amount payable is calculated accordingly and charged monthly.
Where all can I use vCard ?
vCard with UPI can be used to encounter any kind of your financial requirements like
* At any Merchant establishments
* E-commerce Websites
* Transfer amount to self / other savings bank account instantly
How my Credit Line dues are informed to me
You will be sent a billing statement detailing the transactions on vCard app well before the due date for payment of dues.
Billing information is also made available by email if you have registered with your email id.
You will also be informed by an SMS Alert about the billing amount and due date for payment of dues.

Sample Calculations

vCard RBL Bank Credit Card @3.5% roll over interest charges
Billing Cycle	Narration	Spend/ Repay	Total Outstanding
Day 1	Mastercard	3500	3500
Day 3	UPI	2500	6000
Day 7	UPI Repaymen	-1500	4500
Day 15	Mastercard	4400	8900
Day 20	Mastercard	3000	11900
Day 25	UPI	600	12500
Day 30	Mastercard	1500	14000
Day 31	Bill Generated	Total Due	14000
		Minimum Due	1800
Day 45	Repayment	By NetBanking	4000
		Closing Balance	10000
Day 46	Daily Interest	11.67	10011.7
Day 60	Bill Generated	Total Due	10350

vCard PinCap Credit Line @ 0.115% per day Finance Charges
Billing Cycle	Narration	Spend/ Repay	Total Outstanding
Day 1	UPI	3500	3,500
Day 3	UPI	2500	6,007
Day 7	UPI	-1500	4,531
Day 15	UPI	4400	8,967
Day 20	UPI	3000	12,012
Day 25	UPI	600	12,671
Day 30	UPI	1500	14,234
Day 31	Bill Generated	Total Due	14,473
		Minimum Due	887.16
Day 33	Repayment	By NetBanking	4000
		Closing Balance	10,473
Day 34	Daily Interest	12.043582
Day 60	Bill Generated	Total Due	10,786