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I sometimes go weeks without realizing that I have literally zero cash in my wallet. I was using UPI so much that my credit card usage had dropped to almost no

by spaceman_2020 4y ago

I sometimes go weeks without realizing that I have literally zero cash in my wallet. I was using UPI so much that my credit card usage had dropped to almost nothing. Literally had to force myself to use the credit card more to accumulate some rewards.

ramshanker 4y ago
Ditto. I close few credit cards because of usage drop. Paying with UPI is easier and at least 10x accepted. Moreover, within a year or so, UPI will start accepting Credit card linking as well. Things are really moving FAST here.
- HHalvi 4y ago
  Credit Card linking with UPI is live for sometime now [0], currently limited to Rupay cards. I have been using my HDFC Rupay CC to pay for Merchant Payments that accept UPI for last month or so. [0]: https://www.rupay.co.in/rupay-credit-card-on-upi https://www.rupay.co.in/rupay-credit-card-on-upi
  - spaceman_2020 4y ago
    Any good cards on Rupay? Last time I checked, all the good rewards were on Visa/Mastercard
    - lmz 4y ago
      The good rewards are only possible if the merchants are paying for it through transaction costs. I'd bet on "no" since the national alternatives to Visa/MasterCard usually advertise themselves as "cheaper".
manojlds 4y ago
Ironically, it's for Uber (and Ola) - the services that made us move away from cash for taxi and auto in the first place - that I have to carry cash for since the drivers just won't come without cash payments. UPI is better, but they will have the have to fill petrol excuse.
- as300 4y ago
  I may be misremembering, but I thought you can fill petrol with UPI too?
duxup 4y ago
>I sometimes go weeks without realizing that I have literally zero cash in my wallet. That's pretty much my experience in the US. I probably have the same cash in my wallet that I've had for 5 or more years ... if there's any in there .. duno. The difference is that I have that experience because of credit cards.
theshrike79 4y ago
I haven't used cash since COVID started and very rarely see anyone else use it either. I do have enough cash in a side section of my wallet to get me home by taxi from a reasonable distance - just in case.

ramshanker 4y ago

Ditto. I close few credit cards because of usage drop. Paying with UPI is easier and at least 10x accepted. Moreover, within a year or so, UPI will start accepting Credit card linking as well. Things are really moving FAST here.

HHalvi 4y ago
Credit Card linking with UPI is live for sometime now [0], currently limited to Rupay cards. I have been using my HDFC Rupay CC to pay for Merchant Payments that accept UPI for last month or so. [0]: https://www.rupay.co.in/rupay-credit-card-on-upi https://www.rupay.co.in/rupay-credit-card-on-upi
- spaceman_2020 4y ago
  Any good cards on Rupay? Last time I checked, all the good rewards were on Visa/Mastercard
  - lmz 4y ago
    The good rewards are only possible if the merchants are paying for it through transaction costs. I'd bet on "no" since the national alternatives to Visa/MasterCard usually advertise themselves as "cheaper".

manojlds 4y ago

Ironically, it's for Uber (and Ola) - the services that made us move away from cash for taxi and auto in the first place - that I have to carry cash for since the drivers just won't come without cash payments. UPI is better, but they will have the have to fill petrol excuse.

as300 4y ago
I may be misremembering, but I thought you can fill petrol with UPI too?

duxup 4y ago

>I sometimes go weeks without realizing that I have literally zero cash in my wallet. That's pretty much my experience in the US. I probably have the same cash in my wallet that I've had for 5 or more years ... if there's any in there .. duno. The difference is that I have that experience because of credit cards.

theshrike79 4y ago

I haven't used cash since COVID started and very rarely see anyone else use it either. I do have enough cash in a side section of my wallet to get me home by taxi from a reasonable distance - just in case.