HDFC Bank And Swiggy Launched HDFC Bank Swiggy Credit Card | Full Details

[TechnoFino]

HDFC Bank and Swiggy recently launched a co-branded credit card, the Swiggy HDFC Bank Credit Card. This is the first co-branded credit card from the food delivery cum grocery delivery giant, Swiggy. Let's first check the card details.

Fees:
Annual Fees: Rs. 500 + GST
Annual Fee Waiver Criteria: Spend ₹2L in a year.

Welcome Benefits:
Complimentary Swiggy One Membership for 3 months (onetime benefit)

This is a very basic credit card, so it doesn't have any specific main benefits associated with it. Let's check its reward system.

Reward System:

Spends Category	Cashback Rate	Capping	Exclusion
Swiggy Application (Food ordering, Instamart, Dineout & Genie).	10%	Rs. 1500 Per Billing Cycle	Swiggy Money Wallet, Swiggy Liquor, Swiggy Minis
Online Spends Across Top Brands/Categories*	5%	Rs. 1500 Per Billing Cycle	See The Below Chart*
Other Categories (Online & Offline)	1%	Rs. 500 Per Billing Cycle	Fuel, Rent, EMI, Wallet, Jewellery, Government Payment

List Of 5% Cashback Categories With Merchants Category Code (MCC):
* Please note that only selected merchants mapped under the below list of MCCs are eligible for 5% Cashback Category.

CATEGORY	MCC
Apparels	5137,5139,5611,5621,5631,5641,5651,5655,5661,5691,5697,5699,5948
Department Store	5200,5300,5311,5331,5949,5973
Electronics	1731,5045,5046,5065,5099,5722,5732,5734,5946,7372,7622,7623,7629,7631
Entertainment	4411,4899,5193,5992,7032,7033,7333,7832,7911,7922,7929,7933,7991,7996,7997
Home Decor	5198,5211,5231,5251,5712,5713,5714,5718,5719,5950,7641
Medical Stores & Pharmacies	5122,5912,5975,8042,8043
Personal Care	5977,7230,7297,7298
Local Cabs	3351,3359,3387,3389,3390,3393,3395,4121
Pet Stores & Supplies	5192,5733,5735,5941,5942,5945,5995,7829,7941
Discount Stores	5399

You'll receive cashback in the form of "Swiggy Money," and it will be valid for one year from the date of earning the cashback.

You can redeem your Swiggy Money earned via the Swiggy HDFC Bank Credit Card on the Swiggy application on the following Swiggy platforms:

• Food ordering
• Instamart
• Dineout
• Genie

Eligibility Criteria:

• Indian Resident

Salaried:

• Age: 21 to 60 years
• Income: Rs. 25,000 Per month or more.

Self-Employed:

• Age: 21 to 65 years
• Income: ITR Of Rs. 6,00,000 or more.

Application Link: https://bit.ly/TFHDFCSW

This is a very basic credit card with its main benefit lying in its reward system. By spending Rs. 15,000 a month on the Swiggy app, you can earn Rs. 1500 cashback. Additionally, you can earn 5% cashback from various online websites like Amazon, Flipkart, Myntra, Online Medicine Ordering Websites, and others listed under MCCs (Merchant Category Codes).

If you spend Rs. 10,000 on Swiggy (for food and grocery delivery) and Rs. 15,000 on other 5% merchants (Amazon/Flipkart/Myntra/Online Medicine/etc) per month, you can earn a total of Rs. 1,750 cashback each month. That's Rs. 21,000 cashback in a year against Rs. 3 lakh worth of spends, which is equivalent to 7% cashback.

However, the only drawback of this credit card is that you can only redeem your cashback on the Swiggy app, limited to food delivery, dining, grocery delivery, or Swiggy Genie (local parcel delivery). If you are comfortable with this type of redemption, this card is a good choice. Otherwise, if you prefer real cashback, you may want to consider the HDFC Bank Millennia Credit Card or other credit cards in the same category.

 

[PrabhuP]

Better if someone buy Swiggy vouchers using other cash back cards(Real Cashback )

 

[Chaitanya-a]

It would have been a perfect card if they provided real cashback. Why would someone spend on other sites & redeem the cashback in the form of Swiggy order. This nullifies 5% cashback offer. Now its only useful for Swiggy orders.

 

[phagocyte536]

It would have been a perfect card if they provided real cashback. Why would someone spend on other sites & redeem the cashback in the form of Swiggy order. This nullifies 5% cashback offer. Now its only useful for Swiggy orders.

There are people living in cities with no cook + no kitchen and 100% relying on swiggy/zomato. I am sure they dont mind swiggy money

 

[Chaitanya-a]

There are people living in cities with no cook + no kitchen and 100% relying on swiggy/zomato. I am sure they dont mind swiggy money

Even I order a lot from Swiggy but still this doesn't make sense to me. There are other good cards available which provide real 5% cashback.

 

[sxchzy]

this is a good move
this will stop people from manifacturing spends just to avail cashback
and now since the cashback isnt received in the bank/statement further devlautions for this look very bleak

 

[Surendra]

This card is providing directly 10% on swiggy and 5% using cashback. When one can get 10% using card, he is bound to use swiggy money. It's a trick by hdfc bank to trap in loophole of 5%

 

[akshayhs]

It would have been a perfect card if they provided real cashback. Why would someone spend on other sites & redeem the cashback in the form of Swiggy order. This nullifies 5% cashback offer. Now its only useful for Swiggy orders.

Overpriced swiggy order*

 

[sxchzy]

Overpriced swiggy order*

if you have swiggy one which you would receive with this card you get free delivery above 149 and with restaurant /code discounts you would get food at reasinable rates.
i have ordered pizzas and garlic breads through zomato gold at 130-140 bucks

 

[VISHESH_BANSAL]

Even I order a lot from Swiggy but still this doesn't make sense to me. There are other good cards available which provide real 5% cashback.

If Swiggy Money Usage is restricted to Food orders only, Like RBl Zomato then it is a big bummer.

Swiggy Instamart is also there for Utilization of Swiggy Money.

Even if we consider we are utilizing Cashback for our Swiggy orders, the net return is still 5-10%= 4.5% or
10-10%=9%

Who do not have Cashback SBI, like you still this Card make sense.

For a Normal Spender 5% Capping is Good

HDFC Handipicked MCCs Quite Well.
All the MCCs of day to day spends are included by HDFC for 5% Cashback.

Only Bummer is that

MCC 5411-Grocery and Supermarket which is used by most of the Grocery Selling Paltforms is not included in 5% Category. Hence indirectly Forcing us to use Swiggy Instamart for Grocery needs.

and

10% Capping is too Low. If Swiggy is expecting us to spend for Groceries on Swiggy Instamart than Cashback Capping should be 2500/Billing Cycle.

 

[Deleted member 16965]

Even I order a lot from Swiggy but still this doesn't make sense to me. There are other good cards available which provide real 5% cashback.

Axis Airtel/MyZone/Select cards are still better than HDFC Swiggy card.

 

[Chaitanya-a]

If Swiggy Money Usage is restricted to Food orders only, Like RBl Zomato then it is a big bummer.

Swiggy Instamart is also there for Utilization of Swiggy Money.

Even if we consider we are utilizing Cashback for our Swiggy orders, the net return is still 5-10%= 4.5% or
10-10%=9%

Who do not have Cashback SBI, like you still this Card make sense.

For a Normal Spender 5% Capping is Good

HDFC Handipicked MCCs Quite Well.
All the MCCs of day to day spends are included by HDFC for 5% Cashback.

Only Bummer is that

MCC 5411-Grocery and Supermarket which is used by most of the Grocery Selling Paltforms is not included in 5% Category. Hence indirectly Forcing us to use Swiggy Instamart for Grocery needs.

and

10% Capping is too Low. If Swiggy is expecting us to spend for Groceries on Swiggy Instamart than Cashback Capping should be 2500/Billing Cycle.

But mere kaam ka sirf Swiggy food hai bhai. Swiggy Instamart ke prices kaafi inflated hai. I literally ordered only once from there yet.

 

[sxchzy]

If Swiggy Money Usage is restricted to Food orders only, Like RBl Zomato then it is a big bummer.

Swiggy Instamart is also there for Utilization of Swiggy Money.

Even if we consider we are utilizing Cashback for our Swiggy orders, the net return is still 5-10%= 4.5% or
10-10%=9%

Who do not have Cashback SBI, like you still this Card make sense.

For a Normal Spender 5% Capping is Good

HDFC Handipicked MCCs Quite Well.
All the MCCs of day to day spends are included by HDFC for 5% Cashback.

Only Bummer is that

MCC 5411-Grocery and Supermarket which is used by most of the Grocery Selling Paltforms is not included in 5% Category. Hence indirectly Forcing us to use Swiggy Instamart for Grocery needs.

and

10% Capping is too Low. If Swiggy is expecting us to spend for Groceries on Swiggy Instamart than Cashback Capping should be 2500/Billing Cycle.

swiggy money can be used on instamart,dineout and genie as mentioned above

 

[VISHESH_BANSAL]

I

Axis Airtel/MyZone/Select cards are still better than HDFC Swiggy card.

Its depends upon our monthly usage.

My Monthly Usage on Swiggy Food and Instamart is quite good.

I need all these Cards😅 since Capping is there with every Card.

I will wait for LTF or FYF HDFC SWIGGY

 

[Deleted member 16965]

I
Its depends upon our monthly usage.

My Monthly Usage on Swiggy Food and Instamart is quite good.

I need all these Cards😅 since Capping is there with every Card.

I will wait for LTF or FYF HDFC SWIGGY

I have all these cards with a total of 7 and all are LTF except Airtel card but don't have Swiggy Instamart at my place 😅

 

[Slayer]

But mere kaam ka sirf Swiggy food hai bhai. Swiggy Instamart ke prices kaafi inflated hai. I literally ordered only once from there yet.

Recently i checked a lot of products on Fresh and Instamart and funnily i saw similar pricing

What is best in blr?

 

[Farhad sekh]

Axis myzone is crying 😭 in corner after devaluation

 

[Salvo08]

HDFC Bank and Swiggy recently launched a co-branded credit card, the Swiggy HDFC Bank Credit Card. This is the first co-branded credit card from the food delivery cum grocery delivery giant, Swiggy. Let's first check the card details.

Fees:
Annual Fees: Rs. 500 + GST
Annual Fee Waiver Criteria: Spend ₹2L in a year.

Welcome Benefits:
Complimentary Swiggy One Membership for 3 months (onetime benefit)

This is a very basic credit card, so it doesn't have any specific main benefits associated with it. Let's check its reward system.

Reward System:

Spends Category	Cashback Rate	Capping	Exclusion
Swiggy Application (Food ordering, Instamart, Dineout & Genie).	10%	Rs. 1500 Per Billing Cycle	Swiggy Money Wallet, Swiggy Liquor, Swiggy Minis
Online Spends Across Top Brands/Categories*	5%	Rs. 1500 Per Billing Cycle	See The Below Chart*
Other Categories (Online & Offline)	1%	Rs. 500 Per Billing Cycle	Fuel, Rent, EMI, Wallet, Jewellery, Government Payment

List Of 5% Cashback Categories With Merchants Category Code (MCC):
* Please note that only selected merchants mapped under the below list of MCCs are eligible for 5% Cashback Category.

CATEGORY	MCC
Apparels	5137,5139,5611,5621,5631,5641,5651,5655,5661,5691,5697,5699,5948
Department Store	5200,5300,5311,5331,5949,5973
Electronics	1731,5045,5046,5065,5099,5722,5732,5734,5946,7372,7622,7623,7629,7631
Entertainment	4411,4899,5193,5992,7032,7033,7333,7832,7911,7922,7929,7933,7991,7996,7997
Home Decor	5198,5211,5231,5251,5712,5713,5714,5718,5719,5950,7641
Medical Stores & Pharmacies	5122,5912,5975,8042,8043
Personal Care	5977,7230,7297,7298
Local Cabs	3351,3359,3387,3389,3390,3393,3395,4121
Pet Stores & Supplies	5192,5733,5735,5941,5942,5945,5995,7829,7941
Discount Stores	5399

You'll receive cashback in the form of "Swiggy Money," and it will be valid for one year from the date of earning the cashback.

You can redeem your Swiggy Money earned via the Swiggy HDFC Bank Credit Card on the Swiggy application on the following Swiggy platforms:

• Food ordering
• Instamart
• Dineout
• Genie

This is a very basic credit card with its main benefit lying in its reward system. By spending Rs. 15,000 a month on the Swiggy app, you can earn Rs. 1500 cashback. Additionally, you can earn 5% cashback from various online websites like Amazon, Flipkart, Myntra, Online Medicine Ordering Websites, and others listed under MCCs (Merchant Category Codes).

If you spend Rs. 10,000 on Swiggy (for food and grocery delivery) and Rs. 15,000 on other 5% merchants (Amazon/Flipkart/Myntra/Online Medicine/etc) per month, you can earn a total of Rs. 1,750 cashback each month. That's Rs. 21,000 cashback in a year against Rs. 3 lakh worth of spends, which is equivalent to 7% cashback.

However, the only drawback of this credit card is that you can only redeem your cashback on the Swiggy app, limited to food delivery, dining, grocery delivery, or Swiggy Genie (local parcel delivery). If you are comfortable with this type of redemption, this card is a good choice. Otherwise, if you prefer real cashback, you may want to consider the HDFC Bank Millennia Credit Card or other credit cards in the same category.

With HDFC Swiggy CC hasn't the bank taken away sheen from Millinea which was a good cashback card?

 

[Rohith_Kumar_Sp]

I
Its depends upon our monthly usage.

My Monthly Usage on Swiggy Food and Instamart is quite good.

I need all these Cards😅 since Capping is there with every Card.

I will wait for LTF or FYF HDFC SWIGGY

I can guarantee, you'll save more and earn 2% with Axis ace if you simply shop groceries at Dmart. For a 7k bill everymonth, I'll save atlest 2000-2500 on the bill and 2% with Axis ace.

While instamart has some discounts it isn't as big as Dmart and I rather trust loose items like rice, sugar, rava and other flour items and bean items at Dmart compared to pricey packets that instamart sells.

 

[Chaitanya-a]

Recently i checked a lot of products on Fresh and Instamart and funnily i saw similar pricing

What is best in blr?

I think Amazon Fresh & Bigbasket are reliable here. Flipkart Grocery being the cheapest one but it has minimum order condition of ₹600, so not reliable.

Swiggy Instamart, Blinkit & Zepto are costliest.