Rupicard : Build Credit Score 1.0.84

Review of Rupicard: A Credit Score Builder Card

Introduction
Rupicard serves as a credit score builder card aimed at individuals with low or no credit history. It offers an opportunity to enhance or establish a credit profile through responsible usage.

The Importance of a Good Credit Score
A solid credit score plays a crucial role in influencing loan approvals, interest rates, and even employment opportunities. A higher score suggests reliability to lenders, leading to more favorable borrowing conditions.

How Rupicard Facilitates Credit Building
Rupicard provides individuals with limited credit histories a straightforward means to build or rebuild their credit scores. By utilizing the card responsibly and ensuring timely payments, users can gradually improve their credit standings.

By making regular and prompt payments, users of Rupicard can steadily enhance their credit scores. The card reports repayment information to major credit bureaus such as Experian, CRIF HighMark, and Equifax, which is essential for score improvement.

Additionally, the credit mix—comprising secured and unsecured credit—affects credit scores. Since Rupicard functions as a secured credit card, it increases the proportion of secured credit in an individual's profile, which can positively impact the overall score.

Utilizing Rupicard for Credit Score Improvement
The card allows a complimentary 45-day credit period. Users are encouraged to employ Rupicard for utility payments via UPI apps or for online shopping. It is essential to settle all outstanding amounts promptly upon receipt of the statement.

Payment history constitutes about 35% of the credit score calculation. Consequently, making consistent and on-time payments with Rupicard can lead to gradual score enhancement over time.

Usage Scenarios for Rupicard
Rupicard is versatile in its usage across both online and offline platforms. Users can transact through UPI apps like GooglePay, PhonePe, and Paytm for various purposes including:

• Utility bill payments (e.g., mobile recharges, electricity bills)
• Movie ticket purchases
• Online shopping on platforms like Amazon, Flipkart, and Myntra
• Fuel payments at gas stations
• In-store purchases at establishments equipped with POS systems

About Rupicard
This secured credit card essentially acts as a Fixed Deposit (FD) based card. Key features include:

• Guaranteed approval
• Attractive FD interest rates up to 7% p.a.*
• No credit score assessments required
• No joining fees or income verification needed
• Ability to increase credit limits over time
• A generous 45-day interest-free period
• Options for instant cash withdrawals

The Advantages of Using a Fixed Deposit for Rupicard
This card serves as an excellent option for individuals facing difficulties obtaining traditional cards due to low credit scores or lack of income documentation. Your Fixed Deposit secures the card while providing access to up to 90% of the FD amount as a credit limit.

An appealing advantage is that your FD continues earning interest even while being used as collateral, allowing users to benefit from both spending capability and passive income generation.

Security of Your Fixed Deposit
Your FD is secure with our banking partner SBM (State Bank of Mauritius), regulated by the RBI. Furthermore, deposits up to ₹5 Lakh are protected by the Deposit Insurance and Credit Guarantee Corporation (DICGC), ensuring peace of mind.

Reward System for Spending
Rupicard also offers rewards on expenditures. For every ₹200 spent using the card, users earn four reward points that can be redeemed against monthly bills, adding further value to the use of the card.

Contact Information
If you have any inquiries or require assistance, you may reach us at:

• Phone: 080-69819393
• Email: [email protected]