Flipkart Super Money App Intro
Hello everyone. I have seen a few advertisements that claim that the Flipkart Super Money App gives you up to 5% cashback on all UPI transactions you make. When I saw all that, I wondered if they really give this much cashback, and I thought we should check it out. I have been using this app as my primary UPI app for almost 50 days.
So, until I used it, I found out how much cashback they give, why they give cashback, if this is a safe Super Money app, and if I can trust this app and use it, and I am going to share with you the complete details about this Super Money App through this post.
Is the Flipkart Super Money App Safe?
First of all, when it comes to a payment app, a UPI app, everyone thinks, Is this a safe app? Can I trust this app and use it? Such a question is something that everyone can come up with. There are 37 third-party UPI apps in India so far, and one of the NPCI-integrated third-party UPI apps is called Flipkart Super Money App. Not only that, but Yes Bank provides payment services to them. Since Flipkart is such a big brand app, you can trust it to some extent.
Why Does Flipkart Give Cashback?
If you have ever wondered why they are giving such a large amount of cashback when the already popular UPI apps like Google Pay, Amazon Pay, and PhonePe are not giving cashback, any app, when it is launched in the market, tries to attract a lot of customers by giving such offers in the initial period.
In the initial period, they were giving more cashback on Google Pay, and then they were giving more cashback on Amazon Pay. They are still giving a little cashback now, but not as much as they used to give. When they get enough customers, there is a chance that they will gradually reduce this cashback and eventually say that there is no cashback at all.
As for Flipkart, they are not giving this cashback just to attract customers. They are giving this cashback to increase the sales of their other financial products that you can buy on Flipkart. That is, they are giving us cashback, and if you want more cashback, they are promoting it by saying that you should buy our credit card. Although this FD Credit Card is useful for improving your credit score and buying a credit card for the first time, many people here do not know how to use a credit card effectively, and they spend a lot on the offers available on the credit card. So, all the extra amount they can spend is a profit for Flipkart.
Real Cashback Experience
Whether this is profitable or not for Flipkart is their problem. If you ask me, “Just tell me whether it will be profitable or not for me to use this app,” when I started using this app, they were giving me 5% and 4% cashback in the initial period. In the beginning, they were giving cashback only for a person-to-person transaction.
After that, they said that they will give cashback only for a transaction that you can make with a merchant or business, and they are giving cashback of 10 paise, 20 paise, or 50 paise for that transaction. When I recharged the same mobile number in July, they gave me ₹5, and when I recharged the same number in August, they gave me ₹1. Sometimes, even if I just made a UPI transaction for ₹4, they would give me 40 paise as 4 paise cashback. They said okay, and we did some transactions, but then they wouldn’t give even 1% cashback.
Super Benefits & Conditions
Initially, Freya gave you access to this Super Benefit and then said, “If you want this benefit, you have to use this app for a merchant transaction of more than ₹10,000.” Otherwise, you have to book a fixed deposit for an amount of more than ₹50,000. Otherwise, you have to achieve a credit score of more than 700.
They will tell you that we will give you this benefit only if you do any of these three things. If you do not do all these, they will give you cashback of 10 paise, 20 paise, or 30 paise. Earlier, they used to give you cashback like this that you could redeem whenever you wanted. But now they have said that you can redeem it only if you have a minimum of ₹10 cashback in your account.
Referral rewards
No matter what UPI app, they cannot keep giving you more cashback for a long time. They do not get much profit from UPI transactions. These types of UPI apps are competing for the commission that we can get from recharges and bill payments. In that case, if you ask why so many people are promoting this app, it is because of the referral income that they can get from this. I do not know if they are giving referral income just for using this app. But, they have said that if you refer someone to the credit card available on this app and they buy that card, then they will give you ₹500.
Fixed deposit Option
Then they also provide the option to invest in fixed deposit. Here, they have the option to invest in FD of some banks. To invest in this bank FD, there is no requirement for you to create a savings account in the bank where you can invest. They also provide the option to invest in it directly. Not only that, since bank FDs are also insured by DICGC, even if the bank in which you have invested in fixed deposits goes bankrupt, you will get a refund of your money up to a maximum of ₹5 lakh.
Flipkart 50% Offer—Real or Hype?
Recently, they themselves promoted the offer by saying “50% Offer on Super UPI” and mentioned that they would give the offer only if you come at 12 noon. Many people who have believed in it, when they open a new store, tell us all kinds of unbelievable things like the launching offer, and when we go and see it, they open the store and say that all the products on offer have been sold out in 10 minutes, and they say that they are doing the same thing, I was able to read the reviews on the Play Store and then on Reddit.
Right now, they have only given mobile recharges as a way to do it on this app. So, no matter what bill payment you make, you can only make transactions on this app by going to the respective website and using the UPI ID that they have given you. It would be great if they brought a lot of bill payments instead of all this.
My Honest Opinion
Even with all these things, I will give my opinion. For me, it does the job given to this app correctly. It completes the transaction with good speed without any transaction errors, and it does its job correctly to the extent that there is no significant difference between this and the other UPI apps. However, this app does not give as much cashback as the company claims.
“We do not do many transactions, so this app may have given us less cashback,” he said, and when I asked my friend about this, he said that even though he had done merchant transactions for an amount of more than one lakh, the cashback he could have gotten was only ₹600.
“Isn’t ₹600 a lot for you?” you ask; what they can claim is “Up to 5% Cashback.” ₹600 out of a lakh is not even 1%. So, even if you already have a credit card app that gives good rewards, or if you get good cashback from a UPI app, then they don’t give you enough cashback to make you leave that app and use this Super Money app.
Even so, I will continue to use this app. Because, generally, I used to use Google Pay for UPI transactions. It doesn’t give us much cashback there. Even if they give cashback on Amazon Pay, it is only then. But, as far as this app is concerned, we get 10 paisa or 20 paisa cashback on every merchant transaction we make, so I will continue to use this Super Money app. When they stop this cashback too, then I will see who is giving more cashback than this, and I will tell you that too, and I will also switch to that app.
Some people do not want to share their data with all these apps. If you are one of those people, you can use the government’s BHIM app. If you are already using this super money app, then tell me in the comments how many transactions you have made so far and how much cashback you have earned through it.
Is the Flipkart Super Money App safe and legitimate to use?
Yes. It is recognized and approved by the NPCI (National Payments Corporation of India) for UPI services and partners with major banks like Yes Bank, Axis Bank, and Kotak.
How does the ‘up to 5% guaranteed cashback’ on UPI work?
You receive a random, immediate cashback amount on most merchant UPI transactions. The “up to 5%” represents the maximum benefit, and the actual amount is dynamic, generally falling between $0.10\%$ and $5\%$.