A Deep Dive into the super.money App
The financial landscape in India is evolving rapidly, with digital platforms making banking and payments more accessible and rewarding. One such platform is the super.money app, a Flipkart-backed fintech solution that has partnered with Utkarsh Small Finance Bank to offer innovative products like the superCard, superUPI, superFD, and superCash. In 2025, the app expanded its offerings with the Super Money Pro Card in collaboration with Axis Bank, positioning itself as a game-changer in the UPI and credit card space. This blog takes a comprehensive look at the super.money app, its features, user experiences, and how it leverages partnerships with trusted banks to deliver value to users.
What is the super.money App?
Developed by Scapic Innovations Private Limited and backed by Flipkart, the super.money app is a modern payments and financial services platform designed to simplify transactions while offering rewards. Available on the Google Play Store and Apple App Store, the app is approved by the National Payments Corporation of India (NPCI) and partners with RBI-recognized banks, including Utkarsh Small Finance Bank for the superCard and Yes Bank for UPI services.
The app’s mission is to make financial services faster, safer, and more rewarding. It caters to a wide audience, from students seeking their first credit card to seasoned investors looking for high-yield fixed deposits. Its clean interface, instant cashback, and integration with popular merchants like Flipkart, Myntra, and Swiggy have made it a standout in India’s crowded fintech market.
Key Features of the super.money App
The super.money app offers a suite of financial products tailored to modern users. Below, we explore each feature in detail.
1. superUPI: Rewarding Payments with Speed
The superUPI feature allows users to make instant payments via the Unified Payments Interface (UPI), a cornerstone of India’s digital economy. Key highlights include:
- Cashback Offers: Up to 5% cashback on UPI transactions at merchants like Flipkart, Myntra, Amazon, Swiggy, Zomato, Cleartrip, MakeMyTrip, BookMyShow, Ola, Uber, and Rapido. Cashback is credited instantly to the user’s bank account, unlike points-based systems.
- Scan & Pay: A default camera scan-on mode enables 3X faster payments, ideal for quick transactions at stores or online.
- Security: NPCI approval and partnerships with RBI-recognized banks (e.g., Yes Bank for UPI) ensure robust security.
- Convenience: Send money instantly using a phone number or UPI ID, and check bank account balances without complex passwords.
- Limitations: Some users note the absence of bill payment features (e.g., mobile recharges, DTH, or credit card bills), which are standard in competitors like Paytm or Google Pay.
By December 2024, super.money became the sixth largest UPI app in India, with a 10x growth in UPI transactions over two months, as reported by Moneycontrol.
2. superCard: A Secured Credit Card with Utkarsh Small Finance Bank
Launched at the Global Fintech Fest 2024, the superCard is a co-branded RuPay credit card issued in partnership with Utkarsh Small Finance Bank. It’s a secured credit card backed by a fixed deposit, making it accessible to users with limited or no credit history, such as students or first-time borrowers. Here’s a detailed breakdown:
Key Features
- Secured by Fixed Deposit: Requires a minimum fixed deposit of ₹100, with a credit limit of up to 90% of the FD amount (ranging from ₹90 to ₹9 lakh).
- Interest on FD: The fixed deposit earns up to 9.1% per annum for senior citizens and 8% for regular users, allowing users to grow their savings while accessing credit.
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Rewards and Cashback:
- 5% cashback on non-UPI spends at Myntra (up to ₹150 per statement month).
- 3% cashback on non-UPI spends at Cleartrip (up to ₹150 per statement month).
- 2% cashback on non-UPI spends at Flipkart (up to ₹200 per statement month, ₹100 per transaction).
- 0.5% cashback on all other non-UPI transactions (up to ₹200 per statement month).
- Total cashback capped at ₹500 per statement month.
- 1% fuel surcharge waiver for fuel transactions between ₹400 and ₹5,000 (up to ₹100 per cycle).
- UPI Integration: As a RuPay card, it can be linked to UPI for seamless merchant payments and peer-to-peer transfers. Users can generate a PIN and set up UPI directly in the app.
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Fees:
- Lifetime free (no annual or joining fees).
- ₹299 for a physical card, including replacements or renewals.
- Interest-Free Period: Up to 45 days; 3% monthly (36% annual) interest applies for revolving credit or overdue payments.
- Instant Virtual Card: Users receive an active virtual card within minutes of onboarding.
- Zero Liability Protection: No liability for fraudulent transactions if the card is reported lost or stolen in time.
Eligibility
- Age: 18 years and above.
- Residency: Indian residents (NRIs are not eligible).
- Documents: Valid PAN, mobile number, email ID, and KYC documents (e.g., Aadhaar, selfie, or bank account verification). Video KYC may be required.
Application Process
- Download the super.money app from the Google Play Store or Apple App Store.
- Complete KYC (selfie, Aadhaar, or bank account verification; video KYC may be needed).
- Create a digital fixed deposit (minimum ₹100) through the app.
- Receive the virtual superCard instantly; optionally apply for a physical card for ₹299.
Customer Support
- Phone: 1800-309-7986
- Email: supercard@utkarsh.bank
- In-App: Raise a ticket via the Help Center.
User Feedback
- Pros: Low FD requirement, instant rewards, and accessibility for users with no credit history.
- Cons: Some users find the video KYC process excessive for a secured card. Waitlist issues have been reported, with users receiving eligibility messages but being unable to apply immediately (Reddit Discussion).
3. Super Money Pro Card: A New Offering with Axis Bank
In May 2025, super.money launched the Super Money Pro Card, a lifetime free RuPay credit card in partnership with Axis Bank. This card focuses on rewarding UPI transactions, positioning it as a competitor to premium credit cards. Key features include:
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Cashback:
- Flat 3% cashback on UPI spends (max ₹500 per statement cycle).
- Flat 1% cashback on other transactions.
- Fuel Surcharge Waiver: 100% for eligible fuel transactions.
- Exclusive Offers: Additional cashback on brands like Ola, Myntra, and MakeMyTrip.
- Fees: Lifetime free, with no charge for the physical card.
- Interest Rate: 55.55% per annum for unpaid balances.
- Exclusions: No cashback on fuel, jewelry, cash withdrawals, wallet loads, insurance, education, government services, rent, or EMI transactions.
- Eligibility: Invite-only, with some users reporting issues if they previously applied for the superCard (Reddit Discussion).
- Quote: Prakash Sikaria, Founder & CEO of super.money, stated, “The launch of this credit card sets a new benchmark as one of the most rewarding credit solutions in India today” (CardInsider).
User Sentiment
Early discussions on platforms like DesiDime and Reddit show excitement about the card’s rewards, but frustration with the invite-only model and eligibility restrictions.
4. superFD: High-Yield Fixed Deposits
The superFD feature allows users to invest in fixed deposits through the app, in partnership with RBI-backed banks like Utkarsh Small Finance Bank:
- Interest Rates: Up to 9.5% per annum (9.1% for superCard-linked FDs).
- Minimum Deposit: As low as ₹100 for superCard-linked FDs.
- Flexibility: Withdraw funds after 7 days if needed.
- Insurance: FDs are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
- Process: Book FDs digitally without a savings account with the partner bank. Funds are debited from and credited to the user’s source account.
5. superCash: Instant Loans
The superCash feature offers pre-approved instant loans for quick access to funds. Specific details (e.g., loan amounts, interest rates, eligibility) are available through the app but are not fully disclosed in public sources.
User Experience and Growth
The super.money app has seen significant growth, becoming the sixth largest UPI app in India by December 2024. User feedback highlights both its strengths and areas for improvement:
Positive Aspects
- Clean Interface: The app’s modern design and intuitive navigation make it easy to use.
- Instant Cashback: Unlike points-based systems, cashback is credited directly to bank accounts, enhancing user trust.
- Accessibility: The superCard’s low FD requirement makes it ideal for students and first-time credit users.
- High-Yield FDs: Interest rates up to 9.5% are among the best in the market.
- Merchant Integration: Rewards at popular platforms like Flipkart, Myntra, and Swiggy align with user spending habits.
Challenges
- App Stability: Some users report crashes or prompts to re-download the app, even when installed (Google Play Reviews).
- Transaction Delays: Rare instances of delayed settlements (e.g., 24-hour delays for merchant payments) have been noted.
- Limited Features: The absence of bill payment options (e.g., mobile recharges, DTH) is a drawback compared to competitors.
- Waitlist Issues: Some users received WhatsApp messages claiming eligibility for the superCard but were placed on a waitlist, leading to accusations of false advertising.
- Network Issues: A recent X post by @VVikiLuxe (June 11, 2025) reported network issues during the Super Money Pro Card application, raising concerns about reliability (X Post).
Security and Trust
Security is a cornerstone of the super.money app:
- NPCI Approval: Ensures compliance with India’s UPI standards.
- Bank Partnerships: Collaborations with RBI-recognized banks like Utkarsh Small Finance Bank, Yes Bank, and Axis Bank add credibility.
- Phishing Prevention: Utkarsh advises users not to share card details via unsolicited emails, SMS, or calls (Utkarsh Bank Security Guidelines).
- In-App Security: Features like secure PIN generation and UPI setup enhance user safety.
Comparison: super.money vs. Utkarsh Mobile Banking App
Utkarsh Small Finance Bank offers its own Utkarsh Mobile Banking App, which differs from super.money in scope and functionality:
| Feature | super.money App | Utkarsh Mobile Banking App |
|---|---|---|
| Primary Use | UPI payments, credit cards, FDs, loans | Full banking (savings, loans, FDs) |
| Cashback/Rewards | Up to 5% on UPI/non-UPI spends | Limited debit card rewards |
| Bill Payments | Not available | Available (mobile, DTH, credit card bills) |
| Account Requirement | No Utkarsh account needed | Requires Utkarsh savings/current account |
| User Interface | Modern, clean, app-focused | Slow, outdated login methods |
| Security | NPCI-approved, Yes Bank/Utkarsh-backed | SIM binding, bank account linkage |
The super.money app is ideal for rewards-driven UPI payments and credit access, while the Utkarsh Mobile Banking App suits existing Utkarsh customers needing comprehensive banking services.
Comparison: superCard vs. Super Money Pro Card
| Feature | superCard (Utkarsh) | Super Money Pro Card (Axis Bank) |
|---|---|---|
| Partnership | Utkarsh Small Finance Bank | Axis Bank |
| Card Type | Secured (FD-backed) | Unsecured, Lifetime Free |
| Minimum Deposit | ₹100 (for FD) | None |
| Cashback | Up to 5% on non-UPI spends at select merchants | 3% on UPI, 1% on others |
| Fuel Surcharge Waiver | 1%, up to ₹100 per cycle | 100% |
| Interest Rate | 36% APR | 55.55% APR |
| Eligibility | Indian residents, 18+, valid KYC | Invite-only, Indian residents, 18+ |
The superCard is better for users with no credit history, while the Super Money Pro Card targets UPI-heavy spenders with higher rewards.
Conclusion
The super.money app, in partnership with Utkarsh Small Finance Bank and Axis Bank, is a powerful fintech platform that combines rewarding UPI payments, accessible credit cards, and high-yield fixed deposits. The superCard is a standout for its low entry barrier and UPI integration, while the Super Money Pro Card sets a new benchmark with 3% cashback on UPI spends. Despite challenges like app stability and limited bill payment options, the app’s growth as the sixth largest UPI platform in India underscores its potential.
For users seeking a rewarding financial experience, the super.money app is a strong contender. Download it today from the Google Play Store or Apple App Store, or visit Utkarsh Small Finance Bank for more details. Have questions? Share your thoughts in the comments below!