PhonePe, HDFC Bank launch co-branded RuPay credit card with UPI integration

[damn]

PhonePe HDFC Bank Credit Card | RuPay Benefits & Rewards

Get your PhonePe HDFC Bank RuPay Credit Card today! Enjoy amazing reward points, discounts, and a 1% fuel surcharge waiver. Apply seamlessly online.

www.phonepe.com

New card launch just now; will be available to apply for from app only.
@SSV

 

[panu24]

Keep aside overleverage issue with SBI, Can someone tell me what we loose if we opt for HDFC Ultimo against SBI Select on Phonepe?

 

[s1t2y3a3m6]

Keep aside overleverage issue with SBI, Can someone tell me what we loose if we opt for HDFC Ultimo against SBI Select on Phonepe?

Insurance 10% and more cashback limit

 

[Exewhyzee]

2.87l, swiggy ~ around 9 months old.

Card approved with CRIF & cibil hit

 

[nikhilv0303]

HDFC Phonepe Ultimo: 999+gst (currently being offered FYF)

1. 10% CB for bills and recharges upto 1000 (excludes insurance)
2. 5% CB for online spends upto 500
3. 1% CB for other spends upto 500
4. Cumulative 2000 per month

SBI Phonepe Select Black: 1499+gst (currently gives 1499 phonepe voucher)

1. 10% CB for bills and recharges upto 2000 (includes insurance)
2. 5% CB for online spends upto 2000
3. 1% CB for other spends upto 2000
4. Cumulative 6000 per month

SBI has some international lounge access also

 

[SSV]

Sir with infinia metal you can easily get amazon pay vouchers @13-16% discount and you can pay utility bills, recharges, insurance payment etc right? Still why HDFC Ultimo

10% direct cashback is always better than 12% reward points

This is correct.. sometimes I use sbi cb card instead of infinia for the same reason...

 

[nikhil_118]

One addition here -
For SBI 2000 cashback limit is cumulative for all categories.
For HDFC it is individual cashback limit per category !!

SBI also has individual 2k limit per category.

 

[HumorSimpson]

One addition here -
For SBI 2000 cashback limit is cumulative for all categories.
For HDFC it is individual cashback limit per category !!

Nope. Sbi is individual 2K and cumulative is 6K

 

[desiviru]

But that's 5%, no? 🤔
Ultimo/Select black gives 10%

Again a cobranded vs a core Millennia card for me and 10K txn per month only with Ultimo due to max. 1000 RPs on Phonepe. Rest all is 5%.

Phonepe HDFC card is not for those who has more than double of 10K per month to spend. If it had say 2K rewards or 2500 under 10%, it would have been cosidered by me on family members accounts and I have a complete no for cobranded ones. Personal choice. 🙂

The card is good with 1000+500+500 thing but max. reward isn't. Also the fee is more as Millennia became LTF in 2023.

 

[Sree CC]

One addition here -
For SBI 2000 cashback limit is cumulative for all categories.
For HDFC it is individual cashback limit per category !!

It's 2k +2k +2k

 

[nikhilv0303]

HDFC Phonepe Ultimo: 999+gst (currently being offered FYF)

1. 10% CB for bills and recharges upto 1000 (excludes insurance)
2. 5% CB for online spends upto 500
3. 1% CB for other spends upto 500
4. Cumulative 2000 per month

SBI Phonepe Select Black: 1499+gst (currently gives 1499 phonepe voucher)

1. 10% CB for bills and recharges upto 2000 (includes insurance)
2. 5% CB for online spends upto 2000
3. 1% CB for other spends upto 2000
4. Cumulative 6000 per month

SBI has some international lounge access also

One addition here -
For SBI 2000 cashback limit is cumulative for all categories.
For HDFC it is individual cashback limit per category !!

SBI also has individual 2k limit per category.

Updated my comment so it’s clearer

 

[Satyarthi]

Is there any cibil hit if i check eligibility for the variant?

 

[SSV]

Is there any cibil hit if i check eligibility for the variant?

even for those who successfully applied yesterday itself , didn't get CIBIL hit yet...
so can't say for sure in your case..

 

[Exewhyzee]

Is there any cibil hit if i check eligibility for the variant?

Had cibil + CRIF hit, approved.

 

[SSV]

Had cibil + CRIF hit, approved.

Congratulations... when did you apply for this with timestamps??

 

[Exewhyzee]

Congratulations... when did you apply for this with timestamps??

Applied yesterday 9:29 PM, got approved today 3:53 PM, can see the option to set card pin in phonepe app now (can be done once physical card is received).

 

[rahulj87]

Applied yesterday 9:29 PM, got approved today 3:53 PM, can see the option to set card pin in phonepe app now (can be done once physical card is received).

Congrats. Do you have any other hdfc credit card.

 

[SSV]

Applied yesterday 9:29 PM, got approved today 3:53 PM, can see the option to set card pin in phonepe app now (can be done once physical card is received).

I applied at around 9.00 pm yesterday..
it seems you jumped the queue or my application is lagging..

lets see what happens..
I had authenticated via my Infinia CC..
have you authticated via DC/ netabnking / CC?

 

[aishwarya]

Applied yesterday 9:29 PM, got approved today 3:53 PM, can see the option to set card pin in phonepe app now (can be done once physical card is received).

Had cibil + CRIF hit, approved.

Do you have any other existing HDFC credit card?

 

[Exewhyzee]

I applied at around 9.00 om yesterday..
it seems you jumed the queue or my application is lagging..

lets see what happens..
I had authenticated via my Infinia CC..
have you authticated via DC/ netabnking / CC?

IT could be random & may not be first come first served. I authenticated via Swiggy CC

 

[desiviru]

Thing is both SBI and HDFC cards are mahmoth and PhonePe wants customer data with these cards. They are jealous of Amazon enjoying party from long. I hope Amazon answers that with own cobranded card with similar benefits. Both are non-Indian cos.

Anyways, applied for my brother using his PhonePe acc. and verfied using his Regalia Gold card for KYC. Application submitted at 08:10:41 PM exact. He has no other HDFC CC so maybe they will approve by today evening or Monday.

Will Credit limit be shared one? Currently he has 7.58L on Regalia.