Utkarsh SmartGen Credit Card
Utkarsh Small Finance Bank · Invite only
A pre-approved RuPay credit card from Utkarsh Small Finance Bank for its own customers: 1% cashback on eligible spends, no fee in the first year, then ₹199 a year waived on ₹50,000 of annual spend.
- Annual fee
- ₹199 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹50,000 spend per card year
- Base rate
- 1% cashback on all eligible transactions: 1% cashback (about 1% at cash value)
- Lounges
- None on record
- Forex markup
- 3%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No cashback on wallet recharges, financial institutions, government, insurance, education, fuel, utilities, quasi-cash and mutual funds
Where the sources disagree
- cashback rate: The card's feature list says 1% cashback on eligible transactions; the page's generic FAQ says "Flat 1.25% cash back" (the Eternal and Rhodium rate). We use the card's own 1%; the KFS gives no rate.
Terms the calculator does not value
- The MITC's 2.5% a month finance charge for an FD-backed version of the card; no FD-backed SmartGen is described on the card page beyond an age limit of 18 to 65.
- Charities (MCC 8398), railway and transport are named as ineligible for cashback but no MCCs are given, and they do not map cleanly to a spend category, so only the categories above are entered.
- The rent surcharge is capped at 40% of the credit limit in a billing cycle (a limit on rent paid, not a fee cap).
Sources
- Utkarsh SmartGen Credit Card product page (Product page, the bank's own, read 6 Nov 2026)
- Utkarsh SmartGen Credit Card Key Fact Statement (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Utkarsh Small Finance Bank Credit Card MITC v2.1, Annexure 1 schedule of charges (SmartGen, Eternal, Rhodium) (Most important terms (MITC), the bank's own, read 6 Nov 2026)