The Utkarsh SmartGen Credit Card, introduced by Utkarsh Small Finance Bank, brings a new level of convenience to your daily financial activities. It is designed for those looking for straightforward and accessible features without the complexity that often comes with traditional credit cards. Whether you’re new to credit cards or a seasoned user, the SmartGen Credit Card offers features that simplify payments and boost rewards.
Table of Contents
In this article, we’ll break down the Utkarsh SmartGen Credit Card’s features, benefits, eligibility criteria, how to apply, and much more. Let’s dive in!
What is the Utkarsh SmartGen Credit Card?
The Utkarsh SmartGen Credit Card is a product offered by Utkarsh Small Finance Bank, aimed at making everyday financial transactions simpler. It provides a wide range of benefits that cater to both the casual spender and the diligent saver. With no annual fee in the first year and cashback options, it offers a cost-effective and efficient way to manage your expenses.
Features of Utkarsh SmartGen Credit Card
1. No Annual Fee for the First Year
One of the most attractive features of the Utkarsh SmartGen Credit Card is the absence of an annual fee for the first year. This makes it accessible to individuals who are trying out credit cards for the first time or those who are cautious about extra charges.
From the second year onwards, a nominal fee of ₹199 + taxes is applicable. However, if you spend ₹50,000 or more during the previous year, this fee will be waived, providing a great incentive to use the card frequently.
2. No Joining Fee
Unlike many other credit cards that charge a joining fee upfront, the Utkarsh SmartGen Credit Card allows you to sign up without any initial costs, making it a budget-friendly option.
3. 1% Cashback on Eligible Transactions
You can earn 1% cashback on all eligible transactions made with your Utkarsh SmartGen Credit Card. This helps you save money while spending, turning everyday purchases into rewards. However, make sure to refer to the Key Fact Statement for detailed terms regarding cashback eligibility.
4. 1% Fuel Surcharge Refund
For those who frequently use their credit card for fuel purchases, this card offers a 1% surcharge refund on transactions between ₹400 and ₹5,000. This can lead to significant savings over time, especially for regular commuters.
Information in Table format:
| Feature/Section | Details | Real-Life Example |
|---|---|---|
| Card Name | Utkarsh SmartGen Credit Card | A first-time credit card user, Amit, applied for the Utkarsh SmartGen Credit Card to simplify his daily purchases and earn rewards without worrying about fees. |
| No Annual Fee for the First Year | No annual fee for the first year. From the second year, ₹199 + taxes (waived if annual spending is ₹50,000 or more). | Amit received his card with no fee in the first year. In the second year, his spending exceeded ₹50,000, so the fee was waived. |
| No Joining Fee | No joining fee required, making it budget-friendly for new users. | Amit didn’t have to pay any upfront costs while signing up for the card, making it an easy decision. |
| 1% Cashback on Eligible Transactions | Earn 1% cashback on all eligible transactions. Check the Key Fact Statement for terms and conditions. | When Amit used his card to shop for groceries, he earned 1% cashback on the total bill, turning daily expenses into savings. |
| 1% Fuel Surcharge Refund | 1% fuel surcharge refund on transactions between ₹400 and ₹5,000. | Amit often fills his car with fuel using the credit card and gets a 1% refund on the surcharge, which saves him money monthly. |
| Convenient Spending Limits | Flexible spending limits based on the user’s credit profile. | Amit’s spending limit was adjusted based on his credit history, allowing him to use it for both small and large purchases comfortably. |
| Simple Card Activation Process | Online activation via email and OTP verification, making it fast and easy. | Amit activated his card online within minutes by following the steps in his email, saving time and effort. |
| Eligibility Criteria | – Must have an active Utkarsh Bank account (Current, Savings, FD, or Loan). – Age: 21-65 years (unsecured card); 18-65 years (FD-backed card). | Amit, a savings account holder at Utkarsh Bank, met the eligibility criteria and easily applied for the credit card. |
| How to Apply | Pre-approved or pre-qualified customers receive a link via their registered email, which they can use to apply online. | Amit got an email from Utkarsh Bank with a pre-approved link. He clicked the link, filled in the details, and his application was processed in no time. |
| Documents Required | No additional documents required for existing customers, as the bank already holds KYC details. | Amit didn’t have to submit any documents since his KYC details were already available with the bank, simplifying the process. |
| Card Limits and Charges | – Cash withdrawal limit: 20% of credit limit. – Overlimit fee: ₹500. – Cash advance fee: 5% or ₹500. | Amit withdrew ₹10,000 in cash from his card (within the limit). However, when he exceeded the credit limit one month, he was charged a ₹500 overlimit fee. |
| Interest Rates & Late Payment Fees | – Interest-free period: Up to 50 days. – Late payment fee: ₹500. – APR: Up to 43.2% annually. | Amit missed a payment once and was charged ₹500, as well as additional interest. He learned to make payments on time to avoid extra charges. |
| Green Pin Generation & Activation | – Activate online via the activation URL. – Set up the Green PIN by following OTP verification. | Amit followed the simple online process to generate his Green PIN, activated his card, and started using it immediately. |
| Transaction Channels | Card transactions can be set up for e-commerce, POS, and ATM withdrawals. International transactions must be enabled when needed. | Amit enabled e-commerce transactions to shop online but kept international transactions disabled until he traveled abroad to prevent unauthorized use. |
| Terms and Conditions | – Review the MITC, Key Fact Statement, Card Member Agreement, and Credit Card Policy on the Utkarsh Bank website before use. | Amit reviewed the terms and conditions before activating his card to fully understand the fees and benefits. |
| Do’s and Don’ts | Do’s: – Create a strong password, memorize PIN, and set transaction limits. Don’ts: – Don’t share details or use weak PINs. | Amit ensured his credit card was secure by creating strong passwords, memorizing his PIN, and setting up usage limits for added protection. |
| Conclusion | The Utkarsh SmartGen Credit Card is ideal for users seeking ease, cashback rewards, and straightforward fee structures. | Amit now uses his Utkarsh SmartGen Credit Card for daily purchases, saving on fuel, earning cashback, and avoiding hefty fees by using it responsibly. |
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Benefits of Using the Utkarsh SmartGen Credit Card
1. Convenient Spending Limits
The Utkarsh SmartGen Credit Card offers a range of flexible spending limits depending on your usage and credit profile. Whether you’re using it for daily expenses or large purchases, the card accommodates various financial needs.
2. Simple Card Activation Process
Activating your Utkarsh SmartGen Credit Card is hassle-free and can be done online. This saves time and effort, allowing you to start using the card quickly after it’s issued.
Eligibility Criteria
To apply for the Utkarsh SmartGen Credit Card, certain eligibility requirements need to be met:
- Existing Customers – You must hold an active account with Utkarsh Small Finance Bank, such as a Current Account, Savings Account, Fixed Deposit Account, or Loan Account.
- Indian Resident – Only Indian residents are eligible for this card.
- Age Limits:
- Unsecured Credit Card: 21 to 65 years
- FD-Backed Credit Card: 18 to 65 years
How to Apply for the Utkarsh SmartGen Credit Card
Eligible customers will receive a pre-approved or pre-qualified credit card link via their registered email address with the bank. To ensure smooth processing, it’s essential that all your KYC details are up to date with the bank.
Simply click on the link, follow the steps to fill in the necessary details, and your application will be processed quickly.
Documents Required for Application
Good news! You don’t need any additional documents if you are an existing customer. Your KYC details already with the bank are enough to process your application.
Card Limits and Charges
Here’s a quick look at the limits and fees associated with the Utkarsh SmartGen Credit Card:
- Annual Fee: No fee for the first year. Second year onwards ₹199 + taxes (waived if ₹50,000 is spent the previous year).
- Cash Withdrawal Limit: Up to 20% of the credit limit.
- Overlimit Fee: ₹500/- applicable if you exceed your card limit.
- Cash Advance Fee: 5% or ₹500, whichever is higher.
- Physical Statement Fee: ₹50/- per statement.
- E-Statement: Free.
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Interest Rates and Late Payment Fees
The interest-free period extends up to 50 days. However, in the event of late payments, a fee of ₹500 will be charged in addition to interest on the outstanding amount. The finance charge (APR) can go up to 43.2% annually, so it’s crucial to make timely payments to avoid hefty interest charges.
Green Pin Generation and Card Activation Process
Activating your Utkarsh SmartGen Credit Card is straightforward. Here’s a quick guide:
- Click on the activation URL: Visit this link.
- Enter your registered email and password.
- Follow on-screen instructions: Complete the card verification and customer verification through OTP.
- Set up your Green PIN: Once verified, set up your security PIN.
Your card is now activated and ready to use!
Transaction Channels
You can set up specific transaction channels for your card, including e-commerce, point-of-sale (POS), and ATM withdrawals. For international transactions, enable the feature only when necessary to prevent unauthorized use.
Utkarsh SmartGen Credit Card: Terms and Conditions
Before using the card, make sure to review the terms and conditions available on the Utkarsh Bank website. Key documents include:
- MITC (Most Important Terms and Conditions)
- Key Fact Statement
- Card Member Agreement
- Approved Credit Card Policy
Do’s and Don’ts of Using the Utkarsh SmartGen Credit Card
Do’s
- Create a strong and unique password for your online transactions.
- Memorize your PIN and change it regularly.
- Activate your card promptly upon receipt.
- Set transaction limits for added security.
- Enable international transactions only when needed.
Don’ts
- Never share your credit card details with anyone.
- Avoid using easily guessable passwords or PINs.
- Don’t write down your passwords or store them in accessible places.
- Don’t respond to unsolicited emails, SMS, or calls asking for personal details.
- Avoid using your credit card on untrusted websites.
Conclusion
The Utkarsh SmartGen Credit Card is an ideal financial tool for individuals who seek convenience, cashback rewards, and a simple fee structure. Whether you’re looking to earn rewards on everyday purchases or need a secure way to manage your expenses, this credit card has it all. From no annual fee in the first year to easy online activation, the SmartGen Credit Card offers flexibility and financial freedom.
FAQs for the Utkarsh SmartGen Credit Card
1. What is the Utkarsh SmartGen Credit Card?
The Utkarsh SmartGen Credit Card is a credit card offered by Utkarsh Small Finance Bank, designed to simplify everyday financial transactions. It features no annual fee in the first year, cashback on eligible transactions, and a fuel surcharge refund, making it ideal for both new and experienced credit card users.
2. Is there an annual fee for the Utkarsh SmartGen Credit Card?
No, there is no annual fee for the first year. From the second year onwards, a nominal fee of ₹199 + taxes is applicable. However, if you spend ₹50,000 or more during the previous year, the annual fee will be waived.
3. How can I earn cashback with the Utkarsh SmartGen Credit Card?
You can earn 1% cashback on all eligible transactions made with the card. This cashback helps you save money on everyday purchases. It’s important to refer to the Key Fact Statement to understand which transactions qualify for cashback rewards.
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4. Does the Utkarsh SmartGen Credit Card offer any fuel benefits?
Yes, the Utkarsh SmartGen Credit Card provides a 1% fuel surcharge refund on transactions ranging from ₹400 to ₹5,000. This can lead to significant savings, especially for those who frequently purchase fuel.
5. What are the eligibility criteria for the Utkarsh SmartGen Credit Card?
To be eligible for the Utkarsh SmartGen Credit Card, you must:
- Be an Indian resident.
- Hold an active account (Current Account, Savings Account, Fixed Deposit, or Loan Account) with Utkarsh Small Finance Bank.
- For unsecured credit cards, you must be between 21 and 65 years old.
- For FD-backed credit cards, the age limit is 18 to 65 years.
6. How do I apply for the Utkarsh SmartGen Credit Card?
Eligible customers will receive a pre-approved or pre-qualified credit card link via their registered email with Utkarsh Small Finance Bank. You can apply by clicking on the link, filling in the necessary details, and following the instructions. If your KYC details are up-to-date, the process will be smooth and quick.
7. What documents are required to apply for the Utkarsh SmartGen Credit Card?
If you are an existing customer of Utkarsh Small Finance Bank, no additional documents are required. The bank will use your existing KYC details to process your application.
8. What are the limits and fees associated with the Utkarsh SmartGen Credit Card?
Here are the key limits and fees:
- Annual Fee: No fee for the first year. ₹199 + taxes from the second year (waived if ₹50,000 is spent the previous year).
- Cash Withdrawal Limit: Up to 20% of the credit limit.
- Overlimit Fee: ₹500 if you exceed your credit limit.
- Cash Advance Fee: 5% of the amount withdrawn or ₹500, whichever is higher.
- E-Statements are free, while physical statements cost ₹50 per statement.
9. How can I generate the Green PIN and activate my Utkarsh SmartGen Credit Card?
To activate the Utkarsh SmartGen Credit Card, follow these steps:
- Visit the activation link provided by the bank.
- Enter your registered email and password.
- Complete card and customer verification via OTP.
- Set your Green PIN for secure transactions.
Once these steps are complete, your card will be activated and ready to use.
10. What transaction channels are available with the Utkarsh SmartGen Credit Card?
The Utkarsh SmartGen Credit Card supports multiple transaction channels including e-commerce, POS (point-of-sale) machines, and ATM withdrawals. For international transactions, the feature can be enabled only when required to enhance security.
11. What should I do to ensure the safety of my Utkarsh SmartGen Credit Card?
To ensure your card’s security, follow these guidelines:
- Create strong passwords and PINs and change them regularly.
- Memorize your PIN and avoid sharing it with others.
- Set transaction limits for added security.
- Enable international transactions only when needed.
12. What fees are charged for late payments on the Utkarsh SmartGen Credit Card?
If you miss a payment, a late fee of ₹500 will be applied in addition to interest on the outstanding amount. The finance charge (APR) can go up to 43.2% annually, so it’s essential to make timely payments to avoid penalties.
13. What are the do’s and don’ts when using the Utkarsh SmartGen Credit Card?
Do’s:
- Activate your card promptly upon receipt.
- Create strong, unique passwords for online transactions.
- Memorize your PIN and set transaction limits.
- Regularly review your transactions for any unauthorized charges.
Don’ts: - Never share your credit card details with anyone.
- Avoid using simple or easily guessable PINs and passwords.
- Don’t store sensitive information like PINs or passwords in accessible locations.
- Avoid using your card on untrusted websites or sharing details in response to unsolicited emails or calls.
14. What are the interest rates on the Utkarsh SmartGen Credit Card?
The Utkarsh SmartGen Credit Card offers an interest-free period of up to 50 days. Beyond this period, a finance charge of up to 43.2% APR may be applied to outstanding balances. To avoid interest, it’s advisable to clear your dues on time.
15. How can I contact customer service for help with my Utkarsh SmartGen Credit Card?
You can contact Utkarsh Small Finance Bank’s customer service via phone, email, or by visiting a local branch. Always have your card details handy when reaching out to expedite the support process.