UPI cashback that gets sharper with Neon milestones.
Fee
PNB virtual / AU free; PNB physical fees apply. Neon is separate
Neon
Up to 5% cashback on UPI transactions with Neon Membership
Lounge
Up to 3 domestic lounge visits with Neon milestones
Issuers
Yes Bank, PNB or AU Bank for new cards
Earn 6 Kiwis per Rs 100 on eligible UPI transactions; 1 Kiwi = Rs 0.25 as statement-credit value, giving 1.5% effective cashback New applications may be issued through Yes Bank, PNB or AU Small Finance Bank depending on location and credit profile. From 6 September 2026, existing Axis KWIK cards use the separate Kiwi Eligible users rewards programme; the new-card rates below do not apply to them.
Optional Neon starts at 2% and can unlock 3%, 4% and 5% cashback as annual UPI milestones are crossed.
The strongest value appears at Rs 1.5L+ annual UPI spends, after the Rs 999 Neon fee.
Neon members can unlock up to 3 domestic lounge visits per year through UPI spend milestones.
PNB virtual: ₹0; PNB physical: ₹500 + tax. AU Kosmo: no joining fee. Other issuer/channel offers must be checked in the issued-card terms PNB virtual: ₹0; PNB physical: ₹750 + tax, waived at ₹1.5 lakh annual spend. AU Kosmo: no annual fee. Optional Kiwi Neon is a separate ₹999/year subscription
| Joining fee | PNB virtual: ₹0; PNB physical: ₹500 + tax. AU Kosmo: no joining fee. Other issuer/channel offers must be checked in the issued-card terms |
|---|---|
| Annual fee | PNB virtual: ₹0; PNB physical: ₹750 + tax, waived at ₹1.5 lakh annual spend. AU Kosmo: no annual fee. Optional Kiwi Neon is a separate ₹999/year subscription |
| Current issuers | New applications may be issued through Yes Bank, PNB or AU Small Finance Bank depending on location and credit profile. From 6 September 2026, existing Axis KWIK cards use the separate Kiwi Eligible users rewards programme; the new-card rates below do not apply to them. |
| Eligibility | Issuer-specific: PNB publishes ₹2.5 lakh annual income; AU salaried applicants 21–60 and self-employed 25–65. No universal age band or guaranteed CIBIL cutoff applies across issuers |
| Base rewards | Earn 6 Kiwis per Rs 100 on eligible UPI transactions; 1 Kiwi = Rs 0.25 as statement-credit value, giving 1.5% effective cashback |
| Base cashback cap | Cashback is limited to 1% of the total credit limit in a month |
| Neon subscription | Optional Rs 999/year programme with 2% base cashback on eligible UPI spends |
| Neon milestones | Rs 50,000 annual UPI spend unlocks 3% cashback and 1 lounge access; Rs 1,00,000 unlocks 4% and 1 access; Rs 1,50,000+ unlocks 5% and 1 access |
| Lounge access | Standard card has no lounge access; Neon members can unlock up to 3 domestic lounge visits per year through milestones |
| Redemption | Minimum 500 Kiwis, worth Rs 125, required for redemption; redemptions happen in multiples of 500 |
| Exclusions | No rewards on categories such as telecom, utilities, jewelry, fuel, rent, insurance, education and government services |
Public issuer terms checked 3 October 2026.
Fees and eligibility differ by issuer and virtual/physical card. Detailed YES-issued terms were not independently accessible.
Kiwi is an app programme for eligible RuPay UPI spending with optional Neon milestones. Keep new YES/PNB/AU terms separate from the existing Axis KWIK rewards programme.
Fees depend on the issued card: PNB virtual and AU Kosmo cards are free; PNB physical has ₹500 joining and ₹750 annual fees, with a ₹1.5 lakh waiver. Neon costs ₹999/year separately and can increase eligible UPI rewards after milestones.
Reward exclusions
Eligibility follows the merchant category code and transaction data received by the issuer, so the merchant name alone may not determine whether a transaction earns rewards.
Rewards depend on card issuer, issue date and payment route. From 6 September 2026, existing Axis KWIK cards use the separate Kiwi Eligible users programme; do not assume the new-card Scan & Pay rate applies. Consult the policy for the full excluded merchant-code list.
PNB virtual: ₹0; PNB physical: ₹500 + tax. AU Kosmo: no joining fee. Other issuer/channel offers must be checked in the issued-card terms. PNB virtual: ₹0; PNB physical: ₹750 + tax, waived at ₹1.5 lakh annual spend. AU Kosmo: no annual fee. Optional Kiwi Neon is a separate ₹999/year subscription
The base card earns 6 Kiwis per Rs 100 on eligible UPI spends. Since 1 Kiwi is listed as Rs 0.25, that works out to 1.5% effective cashback, subject to category exclusions and the monthly cap.
Neon starts at 2% cashback on eligible UPI spends. Annual UPI milestones increase the rate: Rs 50,000 unlocks 3%, Rs 1,00,000 unlocks 4%, and Rs 1,50,000 or more unlocks 5%. Milestone cashback applies retroactively to eligible transactions after the milestone is reached.
The standard card has no lounge access. Kiwi Neon members can unlock 1 domestic lounge access at each milestone of Rs 50,000, Rs 1,00,000 and Rs 1,50,000 annual UPI spend, for up to 3 visits per year.
Yes. Since it is a RuPay credit card, it can be linked to UPI apps like PhonePe, Google Pay and Paytm. For maximum cashback, use Kiwi App Scan & Pay transactions.
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You'll apply through Kiwi