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

 

[captaintorchtm]

So ! The rival zomato come with ICICI or The Great Devaluation King AXIS bank

I guess Swiggy was already with icici as Swiggy wallet but they stopped after this collab with hdfc. Hence it makes sense for Icici to go with Zomato for revenge. but zomato wallet is already with RBL bank and they also had a co-branded card which stopped.

 

[srichaitanya]

Axis airtel credit card offers 10% cashback on both swiggy and zomato.

 

[Indian]

I guess Swiggy was already with icici as Swiggy wallet but they stopped after this collab with hdfc. Hence it makes sense for Icici to go with Zomato for revenge. but zomato wallet is already with RBL bank and they also had a co-branded card which stopped.

They informed RBL wallet is valid only 31st august so it’s clear Zomato and RBL are no relationship after August , I want Zomato go with ICICI Instead of Axis

 

[SSV]

Confirmed!
View attachment 23914

HDFC Bank launches co-branded credit card with Swiggy

HDFC Bank, India’s largest private bank, and Swiggy, India’s leading on-demand convenience platform today announced the launch of the Swiggy HDFC Bank co-branded credit card

blog.swiggy.com

It is actually better card than anticipated...

Good things:
It give 10% back on Swiggy spends and 5% on about 1000+ ecommerce sites including Amazon ,FK etc.. Here this is a kind of SBI CB card offering..

Bad Thing:
CB in the form of Swiggy Money only , which to be spent on Swiggy products, not in the form of Statement Credit.. Here it differs with SBI CB card..
Hence SBI CB still rules this segment currently..

Intersting to see the CB limits on each type...
Overall not a bad option with the info available, still need more info to get a better understanding..

 

[Indian]

Axis airtel credit card offers 10% cashback on both swiggy and zomato.

My Guess! Axis Swiggy offer may end or devaluation may happen on Airtel, Myzone , rewards and select anytime , Hdfc may object this ongoing offers with SWIGGY , so we can expect SMS or Email anytime from Axis bank

 

[snjn]

View attachment 23923



It is actually better card than anticipated...

Good things:
It give 10% back on Swiggy spends and 5% on about 1000+ ecommerce sites including Amazon ,FK etc.. Here this is a kind of SBI CB card offering..

Bad Thing:
CB in the form of Swiggy Money only , which to be spent on Swiggy products, not in the form of Statement Credit.. Here it differs with SBI CB card..
Hence SBI CB still rules this segment currently..

Intersting to see the CB limits on each type...
Overall not a bad option with the info available, still need more info to get a better understanding..

Poor capping

 

[captaintorchtm]

Poor capping

View attachment 23929

Still worth it for a heavy swiggy user like me, (only if joining/renewal fees are 500 inr)

but Not sure if hdfc will give 3rd card

 

[SSV]

My Guess! Axis Swiggy offer may end or devaluation may happen on Airtel, Myzone , rewards and select anytime , Hdfc may object this ongoing offers with SWIGGY , so we can expect SMS or Email anytime from Axis bank

A good guess indeed...
However, there is no hard and fast rule that other banking partners should not participate in the swiggy offers.

Example: In Amazon, even though ICICI is the main banking parner thru their APAY card, SBI cards participate in a big way during their main sales period..

There is a difference between continuing banking relationship and offer based banking relationship...

 

[captaintorchtm]

A good guess indeed...
However, there is no hard and fast rule that other banking partners should not participate in the swiggy offers.

Example: In Amazon, even though ICICI is the main banking parner thru their APAY card, SBI cards participate in a big way during their main sales period..

There is a difference between continuing banking relationship and offer based banking relationship...

We saw leaked devaluation for axis my zone where they changed the minimum bill value from 200 to 500 for 40% upto 120 discount.
there might be a similar devaluation.

 

[SSV]

Poor capping

View attachment 23929

This in fact is poor... I compared this card to SB for that 5% CB on other etailers... ... Noway near SBI CB card...
Hail the CB KING SBI CB card...

As usual , HDFC disappointed one more time( may be not a big way)..

 

[SSV]

We saw leaked devaluation for axis my zone where they changed the minimum bill value from 200 to 500 for 40% upto 120 discount.
there might be a similar devaluation.

Devaluations tend to happen eventually on almost all the cards.. There is nothing permanent here.. The point here is HDFC can not enforce sole banking relationship with Swiggy by asking other partners not to be allowed some sort of lucrative offers.. As I said there is a difference between continuing and offers based relationship..

 

[captaintorchtm]

This in fact is poor... I compared this card to SB for that 5% CB on other etailers... ... Noway near SBI CB card...
Hail the CB KING SBI CB card...

As usual , HDFC disappointed one more time( may be not a big way)..

Hail SBI, btw how much limit on CB card?

 

[SSV]

Hail SBI, btw how much limit on CB card?

2,72,000

 

[SSV]

Hail SBI, btw how much limit on CB card?

you?

 

[amit]

 

[captaintorchtm]

you?

they decreased the limit for many. now only 40k after the decrease, are safe you from sbi limit decrease?

 

[captaintorchtm]

wha

View attachment 23934

what if we already have 2 hdfc cards?

 

[SSV]

they decreased the limit for many. now only 40k after the decrease, are safe you from sbi limit decrease?

Yes please go thru all my posts in the other thread..you can increase your limit also although a bit later if you have supporting docs

 

[Indian]

A good guess indeed...
However, there is no hard and fast rule that other banking partners should not participate in the swiggy offers.

Example: In Amazon, even though ICICI is the main banking parner thru their APAY card, SBI cards participate in a big way during their main sales period..

There is a difference between continuing banking relationship and offer based banking relationship...

You are correct HDFC cannot insist Swiggy to end their strategic partnership with any banks but at the same time they want to increase their card sales , they may ask to reconsider their partnership with other banks,
And your example with Amazon is different with Swiggy axis relationship , How ? Axis and Swiggy offers are every month but Amazon offers with sbi and other banking partners are not reliable on every month. Just imagine one of our member having this all four cards with axis ( Airtel,myzone,rewards,select) what is the use of getting this HDFC card ? At least I expect devaluation may happen two cards out of four cards

 

[SSV]

You are correct HDFC cannot insist Swiggy to end their strategic partnership with any banks but at the same time they want to increase their card sales , they may ask to reconsider their partnership with other banks,
And your example with Amazon is different with Swiggy axis relationship , How ? Axis and Swiggy offers are every month but Amazon offers with sbi and other banking partners are not reliable on every month. Just imagine one of our member having this all four cards with axis ( Airtel,myzone,rewards,select) what is the use of getting this HDFC card ? At least I expect devaluation may happen two cards out of four cards

Understood.. Devaluation happens for sure eventually, when and how much , time will tell.. but it is not beacuse of realationship with HDFC is my point..
About regular offerings by other banks other than ICICI on Amazon, please check every month in the first week for the super value days offers...