X card - Better than most
|
Generic Prepaid
Cards |
Generic Credit
Cards |
X card |
|
|
Spending Type |
Debit (Pre loaded
funds) |
Credit (Buy now,
Pay later) |
Prepaid
(user-loaded), but behaves like a credit alternative with premium features |
|
KYC Requirement |
Generally Min KYC
and hence limit to 10k per month |
Full KYC |
Min and Full KYC -
10k per month to 2 lac per transaction limit |
|
Risk of
Overspending |
Low (spend limited
to available balance) |
High (due to
credit limits) |
Low (spend limited
to available balance) |
|
Rewards |
Rare or minimal
rewards |
0.5–2% on average,
capped or with expiry |
1% unlimited
bounties + up to 16% on brand vouchers (paid in Digital Gold/BTC) |
|
Credit Score
Impact |
No |
Yes |
No |
|
Usage Channels |
POS, online,
international, UPI (limited) |
POS, online |
POS, online,
QR/UPI, NCMC metro integration (transit) |
|
NCMC Support
(Transit) |
Very rare |
Very rare |
Yes – tap &
pay at metro stations and public transit systems |
|
Reward Redemption
Options |
Cashback, points,
miles (limited utility) |
Not applicable |
Convert bounties
to Gold/BTC, or redeem for vouchers at 200+ brands |
|
Ideal For |
Salaried users,
high credit score individuals |
Basic spenders,
gifting use-cases |
Digital-first
consumers looking for rewards & flexibility, Metro users, Customers
looking to build wealth in long term |