superCard by super.money: how the FD-backed card works, and what it costs
superCard is a credit card secured by a fixed deposit you keep with Utkarsh Small Finance Bank, run through the super.money app. Your own savings secure the limit, which makes it cheap to hold and expensive to carry a balance on.
How the deposit works
The bank decides your limit from your profile, and you keep a fixed deposit to secure it: currently the limit is at least 90% of the deposit.
Deposits start at ₹100. Add to the deposit in the app to raise the limit.
The deposit is lien-marked: you cannot take it back while the card relies on it. Withdrawing part of it lowers your limit, and may require clearing what you owe first.
From the MITC
“currently minimum 90% of the fixed deposit. The minimum deposit requirement shall commence at ₹100.” Any deposit booked for the card or a limit increase “shall be lien marked.” superCard MITC, 21-May-2026
If you do not pay
This is where a secured card is different. Interest on unpaid dues is 3.5% a month, 42% a year, since 21 June 2026, while the deposit behind the card earns ordinary fixed deposit interest. And the deposit is how the bank gets paid:
Minimum amount due still unpaid 3 days after the due date: the card is reported as delinquent to the credit bureaus, and the report is not withdrawn later.
Dues unpaid 60 days past the due date, or what you owe reaching 95% of the deposit, whichever is first: the bank can break the deposit and recover the dues from it.
From the MITC
The bank “shall have the right to liquidate the linked fixed deposits and shall recover the Outstanding Dues on Card if it is not paid within 60 DPD (Days Past Due) or the total outstanding including accrued interest and fees reaches 95% of the Fixed Deposit amount, whichever is earlier.” superCard MITC
Cashback
1% on UPI and card payments of ₹100 or more. UPI earns only when paid through the super.money app.
Capped at ₹500 a statement month on UPI and ₹10,000 on non-UPI spends.
Cashback is held for up to 30 days after the merchant settles, and expires 2 years after it is earned.
No cashback on government payments, rent, wallet or prepaid card loads, gift cards and vouchers, gold and jewellery, insurance, utilities, education, fuel, cash advances, card bill payments, card fees or any EMI, among others.
The rules have moved both ways. On 11 August 2025 non-UPI cashback went from 0.5% to 1%, but UPI cashback fell from “up to 5%” to 1% with a ₹500 cap. The extra cashback on Myntra and Flipkart ran until 30 June 2026 and has not been extended in the published terms. Every dated change is on the card changes tracker.
What it costs
No joining or annual fee. A physical card costs ₹249 plus taxes, ₹99 plus taxes with a deposit of ₹5,000 to ₹10,000, and nothing with ₹10,000 or more. ₹150 or ₹249 more is deducted if the deposit falls below that level, or you close the account, within 12 months.
Since 21 June 2026, a ₹100 plus tax charge if you choose to close the card within its first 12 months.
Cash advances, which include transfers from the card to your bank account: 5% or ₹25, whichever is higher, plus 2.5% a month interest from the day you take it.
Late fee: depends on your credit limit; at a limit of ₹2,000 or more, 10% of the unpaid amount, capped at ₹1,250.
Who it suits
A card backed by your own deposit suits someone who is happy to lock up savings to secure a credit card, and who will pay the full bill every month. It is a poor place to carry a balance: at 42% a year, revolving costs far more than the deposit earns. For other ways to start a credit history, see student and first credit cards and how your CIBIL score works.
The rules, quoted
Each line opens to the exact words in the superCard MITC. Every fee is on the superCard page.
Cashback
1% cashback on UPI and non-UPI spends of ₹100 or more. UPI cashback only when paid through the super.money app. Cashback is held up to 30 days after settlement and expires after 2 years
Exact wording in the source
“Cardholders shall be eligible for 1% cashback on all their”
“transaction amount is greater than or equal to Rs 100”
“Cashback on UPI transactions is subject to transactions”
“an additional hold period of up to 30 days from the date of settlement”
“Cashback is valid only for 2 years from the date of accumulation.”
Covers ATM withdrawals and transfers from the card to your bank account. Fee 5% or ₹25, whichever is higher (₹500 minimum abroad). Interest 2.5% a month since 21 May 2026, from the day of the withdrawal or transfer until paid in full. Cash limit up to 80% of the credit limit, and may not be offered to every cardholder
Exact wording in the source
“or fund transfers to your Bank account”
“from the date of withdrawal/transfer until the date of full payment”
“facility may be unavailable to certain cardholders”
“On Domestic Cash advance 5% or Rs. 25, whichever is”
“On International Cash advance 5% or Rs. 500, whichever is”
No joining fee, but a physical card costs ₹249 + taxes, ₹99 + taxes with a fixed deposit of ₹5,000 to ₹10,000, or nothing with ₹10,000 or more. ₹150 or ₹249 more is deducted if the deposit falls below that level, or you close the account, within 12 months
Exact wording in the source
“Joining Fee / Annual Nil”
“Rs 10,000 or Nil Rs 249 plus Rs 249 plus”
“Rs 5,000 and Rs 99 Rs 150 plus Rs 150 plus”
“below Rs 10,000 plus taxes”
“Others Rs 249”
“Any reduction in the deposit value below the qualifying”
The bank sets the limit from your profile, and you keep a fixed deposit with Utkarsh Small Finance Bank to secure it. The MITC says the limit is currently at least 90% of the deposit. Deposits start at ₹100, and you can raise the limit by adding to the deposit in the app.
What happens to my fixed deposit if I do not pay?
The deposit is lien-marked against the card. The MITC lets the bank break it to recover your dues if they stay unpaid 60 days past the due date, or once what you owe, with interest and fees, reaches 95% of the deposit, whichever comes first.
Does superCard report to CIBIL?
The MITC says that if the minimum amount due is still unpaid 3 days after the due date, the card is reported as delinquent to the credit information companies authorised by the RBI, and that a report cannot be withdrawn once made.
Is superCard free?
There is no joining or annual fee, but a physical card costs ₹249 plus taxes, or ₹99 plus taxes with a deposit of ₹5,000 to ₹10,000, and nothing with ₹10,000 or more. Closing within 12 months can add charges.
How much cashback does superCard give on UPI?
1% on UPI payments of ₹100 or more made through the super.money app, capped at ₹500 a statement month. Before 11 August 2025 the terms offered up to 5% on UPI.
Card Fine Print is independent and not affiliated with super.money, Utkarsh Small Finance Bank or any card issuer. Figures come from the superCard MITC (version 21-May-2026), read 27 October 2026; they change, and the issuer's current terms always win. This is not financial advice.