New HDFC Swiggy Credit Card Details Leaked!!!

[knight]

HDFC Swiggy Credit Card has been discussed for a few days on TFC as well as other communities and articles.

So far, there was no confirmation on the exact features of the card except a few screenshots and rumors.

Finally, the details are out!

The card is an invite-only card as of now available only through Swiggy app - my account section.
It will be available through HDFC bank after some time.

Welcome Benefits:
- Complimentary 3 months Swiggy One Membership.
If the cardholder is already a Swiggy One member, the benefit can be availed by add-on card holder.

Features:
- 10% cashback on spends on the Swiggy app, including food, dineout, genie etc.
Capped at 1500/cycle.

- 5% cashback on listed categories.
(Categories - apparel, dept store, electronics, personal care, local cabs, home decor, pet store & supplies, pharmacy, entertainment)
Capped at 1500/cycle.

- 1% cashback on all other spends.
Excluding wallet, fuel, rent, emi, jewelry, govt. payments.
Capped at 500/cycle.

- Cashback will be credited as Swiggy Money.
- Minimum spend of 100 to avail cashback.


Joining Fee: INR 500 + gst.

Renewal Fee: INR 500 + gst.

Waiver Criteria: Spend 2 lakhs in a year

Lounge Access:
Based on the information shared by HDFC employee and in internal document, there is NO lounge benefit on this card.


Update:
The card details are live on Swiggy App and HDFC Bank website.

Swiggy Credit Card - Get Cashbacks on Swiggy App | HDFC Bank

Apply for Swiggy Credit Card by HDFC Bank and get exclusive 10% cashback on Swiggy App. Save upto 6.8% annually on spends & enjoy complimentary Swiggy One Membership.

www.hdfcbank.com

Swiggy HDFC Bank Credit Card with 10% Cashback on spends

With the new Swiggy HDFC Bank Credit Card, enjoy upto 10% cashback on Swiggy spends, 5% cashback on online spends and 1% cashback on other spends. Also, get Welcome Benefit of 3 months of Swiggy One Membership. Apply today.

www.swiggy.com

 

[KHOPARI]

wudnt it be more beneficial if we wait till oct 1st for RBI card network choice applicability , then choose rupay for using on BHIM app for obivious rot. for waivign fees

Debit card, credit card rule set to change: Soon you will be able to choose your card network provider

Debit card, credit card rule to change: The Reserve Bank of India has recently proposed that the card issuers i.e., banks and finance companies to allow customers to have more than one card option and allow them to opt for their desired network provider for their cards. Starting from October 1...

economictimes.indiatimes.com

 

[Abhishek012]

wudnt it be more beneficial if we wait till oct 1st for RBI card network choice applicability , then choose rupay for using on BHIM app for obivious rot. for waivign fees

Debit card, credit card rule set to change: Soon you will be able to choose your card network provider

Debit card, credit card rule to change: The Reserve Bank of India has recently proposed that the card issuers i.e., banks and finance companies to allow customers to have more than one card option and allow them to opt for their desired network provider for their cards. Starting from October 1...

economictimes.indiatimes.com

What does this have to do with Swiggy HDFC CC post ?

Swiggy HDFC CC issue only on mastercard network.

You can convert only those cards which are available on the RuPay network.

 

[SSV]

What does this have to do with Swiggy HDFC CC post ?

Swiggy HDFC CC issue only on mastercard network.

You can convert only those cards which are available on the RuPay network.

This we have discussed n number of times... still people just read headlines and assume according to their convenence...
they are thinking from oct 1 , its like free pass to them to switch from whatever to whatever...

 

[Abhishek012]

This we have discussed n number of times... still people just read headlines and assume according to their convenence...
they are thinking from oct 1 , its like free pass to them to switch from whatever to whatever...

Another problem pointed out by the banks.

RBI wants the bank to offer cards on multiple networks (atleast 2 card networks).

Total 1250+ banks available in India and 1000+ banks (or small banks) issue only RuPay debit cards.

Now the problem is these banks can't afford to tieup with Visa/mastercard network.

RBI needs to reconsider its guidelines.

 

[SSV]

Another problem pointed out by the banks.

RBI wants the bank to offer cards on multiple networks (atleast 2 card networks).

Total 1250+ banks available in India and 1000+ banks (or small banks) issue only RuPay debit cards.

Now the problem is these banks can't afford to tieup with Visa/mastercard network.

RBI needs to reconsider its guidelines.

this is also correct...
They need to categorise the banks according to the size and give exception to the low tier banks

 

[SSV]

this is also correct...
They need to categorise the banks according to the size and give exception to the low tier banks

Another problem pointed out by the banks.

RBI wants the bank to offer cards on multiple networks (atleast 2 card networks).

Total 1250+ banks available in India and 1000+ banks (or small banks) issue only RuPay debit cards.

Now the problem is these banks can't afford to tieup with Visa/mastercard network.

RBI needs to reconsider its guidelines.

As you mentioned, it is not one size fits all...
I think they will come up with some sort of solution....

 

[Chaitanya-a]

Another problem pointed out by the banks.

RBI wants the bank to offer cards on multiple networks (atleast 2 card networks).

Total 1250+ banks available in India and 1000+ banks (or small banks) issue only RuPay debit cards.

Now the problem is these banks can't afford to tieup with Visa/mastercard network.

RBI needs to reconsider its guidelines.

They are taking extreme steps just to promote Rupay. And because of this, small banks which only issue Rupay are suffering😂 Gehu k sath ghun bhi pista hai.

 

[SSV]

If it is on Rupay or Diners - no further option or recommendation from RBI

The issue here, in the case of small banks as mentioned by @Abhishek012 is, they can't afford issue of cards on the 2nd network because of economics...
not the issue of which network... Moreover, RBI could not specify which Network is okay and which is not.. they can formaulate generic rules only.. but indirectly support Rupay but can't specify the network name in the guilelines... is my view...

 

[Pavan]

HI want all amex card on Rupay and DCB on Visa
Problem solved!!!

 

[Chaitanya-a]

yep, just my thoughts. If it is on Rupay (for those small banks) they don't have to do anything in this case - which saves time and effort. Otherwise whoever can afford Visa/mastercard its easy them to switch another network or support Rupay.

Anyway, will know more about this once these rules starts implementing.

Don't think that can be prescribed by RBI. They can't make rules specifically for Rupay. Only generic guidelines can be issued.

 

[Abhishek012]

Don't think that can be prescribed by RBI. They can't make rules specifically for Rupay. Only generic guidelines can be issued.

If you guys read rbi guidelines carefully -

3. In exercise of the powers conferred under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), the RBI being satisfied that it is necessary and expedient, in the interest of payment system and public interest, to do so, hereby, directs as under:

1. Card issuers shall not enter into any arrangement or agreement with card networks that restrain them from availing the services of other card networks.
2. Card issuers shall issue cards across more than one card network.
3. Card issuers shall provide an option to their eligible customers to choose any one among the multiple card networks. This option may be exercised by customers either at the time of issue or at any subsequent time.

The directions at para 3 (b) and (c) above shall be effective from October 01, 2023.

So, If any card issuer bank enter into any arrangement or agreement with visa/mastercard network for next 100 years before 1st oct, 2023. The card issuing bank may continue to promote its core card network partner till the year 2123.

 

[lucifer69]

Hi Guys, My friend got a Swiggy HDFC Card and he got a statement today but he didn't get cashback for a transaction he did use HDFC Swiggy card on someone's else swiggy account. Is there any exception for that ( i.e We will not get cashback for transcations done using our card on other swiggy account ) ?

 

[VISHESH_BANSAL]

Hi Guys, My friend got a Swiggy HDFC Card and he got a statement today but he didn't get cashback for a transaction he did use HDFC Swiggy card on someone's else swiggy account. Is there any exception for that ( i.e We will not get cashback for transcations done using our card on other swiggy account ) ?

Merchant name ??

I heard "Bundl Technology......" is not fetching cashback on Swiggy HDFC CC

 

[lucifer69]

Merchant name ??

I heard "Bundl Technology......" is not fetching cashback on Swiggy HDFC CC

SWIGGY BANGALORE 130.00 Last transaction.

 

[Tarun239]

How much time does it take for swiggy card approval/decline if applied through swiggy app?

 

[raghu.rokda]

How much time does it take for swiggy card approval/decline if applied through swiggy app?

Agar Phle se HDFC card hai, to turant mil jayega

 

[ashsahu]

Applied & rejected
Maybe coz i already hold millennia & neu infinity

Got the Swiggy card after sending dozens of emails and filling form offline, however how do i link it inside swiggy app as it's still showing the old application as rejected? Again I have to start chain mail to hdfc to get that link option, LOL

 

[RishiKiDev]

Today while checking the swiggy app came across a banner for Swiggy HDFC Credit Card with Joining Bonus of ₹300 Swiggy Money.
I think next they'll give ₹500 swiggy money and ultimately FYF and LTF. 😂
What are your thoughts?

 

[SSV]

Today while checking the swiggy app came across a banner for Swiggy HDFC Credit Card with Joining Bonus of ₹300 Swiggy Money.
I think next they'll give ₹500 swiggy money and ultimately FYF and LTF. 😂
What are your thoughts?

Even then, not so much useful..
Doomed to be a failure soon..
Biggest weakest link is, its CB in the form of Swiggy Money..This is the killer feature for it's own demise...

 

[RishiKiDev]

Even then not so much of use..
Doomed to be a failure soon

Yup. In my opinion airtel axis is far superior by providing direct cashback of 10% in both Zomato and Swiggy.
One can even buy Vouchers with more than 10% discount value elsewhere by using Millennia or Cashback SBI card.