Kiwi Neon Rewards Programme - Valid until 31st January 2025

The Kiwi Neon is an annual subscription programme currently available only for select users, and allows for multiple benefits when the customer uses the Kiwi app for UPI transactions

Annual Fee of the Kiwi Neon subscription is available at Rs. 999+Taxes. This offer is waived for users who are issued a credit card via the Kiwi app between 1st Jul’24-31st Jan’25, provided such customers subscribe to the offer within 15 days from linking their Credit Card to Kiwi UPI

Offer details as below:

1. For credit cards issued via the Kiwi app:
   1. 5% cashback on spends of Rs.1,50,000 on the credit card
      1. Base earn: 0.5% cashback on collect+ intent; 2% cashback on scan & pay on large merchants
      2. Milestone 1: 3% cashback on achieving eligible spends of Rs.50,000 (incl. Base) + 1 lounge access
      3. Milestone 2: 4% cashback on achieving eligible spends of R.1,00,000 (Incl. Base) + 1 lounge access
      4. Milestone 3: 5% cashback on achieving eligible spends of Rs.1,50,000 (Incl. Base) + 1 lounge access
   2. Milestone will be calculated as follows:
      1. Milestone 1: 3%* (Total spends on Kiwi - spends on exclusion categories - refunds) net of rewards accumulated up under Kiwi Neon subscription for the year
      2. Milestone 2: 4%*(Total spends on Kiwi - spends on exclusion categories - refunds) net of rewards accumulated up under Kiwi Neon subscription for the year
      3. Milestone 3: 5%*(Total spends on Kiwi - spends on exclusion categories - refunds) net of rewards accumulated up under Kiwi Neon subscription for the year

         For purposes of illustration:

         	Rewards %	Milestone 1		Milestone 2		Milestone 3
         Total Spends (for month of Jul'24)		Spends	Rewards	Spends	Rewards	Spends	Rewards
         1. Online Spends	0.50%	20,000	100	40,000	50	55,000	150
         2. Spends eligible for 2% cashback (scan & pay)	2%	30,000	800	60,000	1,200	1,20,000	2,400
         3. Total Eligible Spends - regular rewards earn		50,000	900	1,00,000	1,250	1,50,000	2,550
         4. Milestone Rewards (i.e. rewards earned up till the milestone)	3%		1,500	4%	4,000	5%	7,500
         5. Net Rewards credited at end of next month (i.e. 4 - 3)			600		2,750		4,950
         6. Lounge Rewards	Rs.1800 per visit		1,800		3,600		5,400
         Total value earned			6.60%		7.60%		8.60%

         
         

         For illustration on eligible spends calculation: For milestone calculation

         
         

         	Scenario 1		Scenario 2		Scenario 3
         Total Spends on Kiwi	Spends	Rewards	Spends	Rewards	Spends	Rewards
         1. Spends on online transactions	25,000	125	10,000	50	30,000	150
         2. Spends eligible for 2% cashback (scan & pay)	25,000	500	40,000	800	5,000	100
         3. Spends not eligible for rewards	10,000	0	0	0	25,000	0
         4. Total Spends on Kiwi (1+2+3)	60,000	625	50,000	850	60,000	250
         5. Spends eligible for Milestone (4-1)	50,000		50,000		35,000
         6. Milestone rewards credited (Last Day of the Next Month)		875		650		-
         7. Total rewards received		1,500		1,500		250

      4. Users have to subscribe for the programme for the Kiwi Neon offer to apply. Else, customer will earn rewards as per regular Kiwi rewards program
      5. Kiwi reserves the right to waive off the fees as determined from time to time, and upon Kiwi’s discretion.
      6. Milestone spends will be calculated from date of enrollment to Kiwi Neon
      7. Reward points will be credited after 30 days, on the last day of the subsequent month.
      8. Refunds, if any, will be excluded from the rewards earned
      9. User is required to accumulate at least 500 Kiwis before redemption, across all rewards programme
      10. Subscription for the Kiwi Neon Programme is completely voluntary. Users who choose to not subscribe to the programme, will continue to earn rewards as per regular Kiwi rewards program.
   3. Other Terms and Conditions applicable on Kiwi Reward programmes
      1. “Kiwis” are earned on spends of every Rs 50 spent on the card, i.e. “Kiwis” are calculated on multipliers of Rs 50. For illustration, on 2% cashback:
         1. Transaction of Rs 75/- : 4 “Kiwis” earned
         2. Transaction of Rs 100/ - : 8 “Kiwis” earned
         3. Transaction of Rs 175/- : 12 “Kiwis” earned
      2. On a monthly basis, customers can earn a maximum of Kiwis equivalent to 1% of the total credit limit on the Kiwi partner credit card.
      3. The above mentioned cap on Kiwi rewards will be reset at the start of every month
      4. The Kiwi rewards shall be valid only on successful transactions via the Kiwi platform and transactions where refund has been initiated will not be considered. In case Kiwi learns that a cardholder is involved in malpractices relating to refund, Kiwi shall disqualify such cardholders from all further offers/ programs and benefits provided by Kiwi.
      5. The below are excluded categories where customer does not earn any “Kiwi” reward points on transactions:

         Category	Details	Merchant Codes
         Agricultural Services	Agricultural Services, Cooperatives	0763, 0820, 0821, 0822, 0823, 0824, 0825
         Horticultural & Vet	Horticultural, Landscaping, Veterinary Services	0742, 0743, 0744, 0780
         Business Services	Auto Rentals, Repairs, Paint Shops, Jewelry and Watch Repair Shops	7512, 7523, 7531, 7535, 7538, 7631
         Government Services	Tax Payments, Court Costs, Postal Services, Fines	9211, 9222, 9223, 9311, 9399, 9400, 9402, 9405, 9311, 9700, 9701, 9702, 9751, 9754, 9950
         Marketing & Advertising	Direct Marketing & Advertising	5960, 5962, 5964, 5965, 5967, 5968, 5969, 7311
         Professional Services	Legal, Accounting, Educational Institutions	8111, 8931, 8220, 8241, 8299, 8675, 8211, 8249, 8241, 8244
         Retail Services	Auto Dealers, Fuel Stations, Jewelry, Petroleum	5094,5172, 5451, 5511, 5521, 5531, 5532, 5533, 5541, 5542, 5599
         Transportation	Bridge Fees, Tolls, Misc. Services	4784, 4789
         Utilities	Cable, Telecom, Electricity, Water	4812, 4813, 4814, 4816, 4821, 4829, 4899, 4900
         Miscellaneous	Jewelry Stores, Fuel Dealers, Financial Institutions, Insurance, Real Estate	5944, 5960, 5983, 6011, 6012, 6051, 6300, 6381, 6399, 6513, 6529, 6540

      6. Also, any merchant which as per internal records of the Bank or Kiwi is promoting/ enabling unfair usage of credit cards or cash encashment will be disqualified/ excluded from rewards earned.
      7. For category and merchant classification, Kiwi will rely on the merchant category code/other information received by Kiwi during the transaction.
      8. In case of a dispute, the final decision to credit / modify the reward lies with the Company.
      9. Nothing contained herein shall be construed as a binding obligation on Kiwi to continue the “Kiwis” Rewards or to substitute the “Kiwis” Rewards by a similar or a new programme.
      10. The Customer shall not hold the Company responsible for any actions, claims, demands, liabilities, losses, damages, costs, charges or expenses, which a Customer incurs, in the normal course of availing the “Kiwis” Rewards.
      11. In case of a dispute in relation to the eligibility of the rewards, availability and refunds and all the aspects discussed in the Terms & conditions above, the final decision lies with Kiwi.Kiwi may seek additional information from the customer for this purpose, including the invoices against transactions and credit card statements.
      12. Kiwi reserves the right to determine cardholders' eligibility for the Kiwi Neon offer and to disqualify any cardholder who fails to meet the offer requirements or is suspected of misusing rewards, engaging in fraud, participating in suspicious transactions/activities, or violating fair usage of credit cards, legal requirements, or applicable rules and regulations.
      13. Only transactions that are eligible as per the network guidelines will be considered for the rewards and the milestones
      14. Kiwi reserves the right to withdraw the offer and nothing contained herein shall be construed as a binding obligation on Kiwi to continue the offer. We also reserve the right to discontinue the Kiwi Rewards without assigning any reasons or without any prior intimation whatsoever. Nothing contained herein shall amount to a commitment or representation by us to continue the “Kiwis” Rewards.
      15. Participation in any offer is completely voluntary and cardholders may choose to not participate in any offer.
      16. For purposes of clarity, Kiwi does not guarantee any prize to any cardholder.
      17. Kiwi is not responsible for any tax implications on the User from their participation in any offer. Cardholders should obtain independent tax advice before entering any offer.