YES Bank Kiwi Credit Card & Neon Membership Review: How to Get 5% Cashback on UPI

UPI payments have become a daily necessity in India, but finding a credit card that actually rewards you for scanning QR codes is becoming increasingly difficult. Enter the YES Bank Klick RuPay Credit Card, offered in partnership with the Kiwi app.

While the base credit card offers decent rewards, Kiwi has introduced a premium tier called the Kiwi Neon Membership that promises massive returns on your daily spending. In this blog, we decode the fees, milestone benefits, and help you decide if upgrading to the Neon Membership is actually worth your money.

1. What is the YES Bank Kiwi Klick Credit Card?

Before diving into the membership, it is important to understand the base card. The YES Bank Klick Credit Card is a first-of-its-kind virtual RuPay credit card designed specifically for UPI payments.

• Lifetime Free (LTF): The card comes with zero joining fees and zero annual maintenance charges.
• Instant Issuance: It is a 100% virtual card generated instantly upon video KYC completion on the Kiwi app.
• Base Benefits: 1% fuel surcharge waiver and standard YES Rewardz for non-UPI spends.

2. What is the Kiwi Neon Membership?

The Kiwi Neon Membership is an opt-in premium annual subscription designed exclusively for Kiwi users. It significantly boosts the reward rate on your YES Bank Klick Credit Card.

• Membership Fee: ₹999 + applicable taxes per year.
• Validity: 1 year from enrollment date.
• Non-refundable: Once purchased, the fee cannot be reversed.

3. Kiwi Neon Cashback & Milestone Rewards

The biggest selling point of Neon is its milestone-based reward structure.

Rewards are credited as "Kiwis", where 4 Kiwis = ₹1. Upon redemption, cashback is transferred directly to your linked bank account.

Base Reward Rate

• 0.5% cashback on online payments
• 2% cashback on UPI Scan & Pay transactions at large merchants

Milestone Benefits

• ₹50,000 Annual Spend: Cashback increases to 3% + 1 Complimentary Airport Lounge Access
• ₹1,00,000 Annual Spend: Cashback increases to 4% + 1 Additional Lounge Access
• ₹1,50,000 Annual Spend: Unlock 5% Cashback + 1 More Lounge Access

Pro Tip: Users can stack YES Bank instant discounts during sales (Amazon, Swiggy, etc.) along with Kiwi in-app offers (Zepto, Zomato, and more), effectively doubling the savings.

Final Verdict: Is the ₹999 Neon Membership Worth It?

Let’s break it down with simple math.

If you spend ₹1,50,000 annually via UPI Scan & Pay, you earn 5% cashback, which equals ₹7,500.

After subtracting approximately ₹1,000 (including taxes) for the membership fee, your net gain is around ₹6,500, plus 3 complimentary lounge visits.

Who Should Buy It?

You should consider the Neon Membership only if your average monthly UPI spending is around ₹12,500 or more (₹1.5L annually).

If your UPI spending is lower, the base YES Bank Kiwi Credit Card works perfectly fine as a lifetime free option.

Bottom Line: For heavy UPI users, Kiwi Neon is one of the most rewarding cashback structures currently available in India. For light users, skip the subscription and enjoy the LTF card benefits.