PhonePe and HDFC Bank have jointly launched the ‘PhonePe HDFC Bank Co-branded Credit Card’ on the RuPay network. This marks PhonePe’s entry into the co-branded credit card space.
The card is aimed at digital-first consumers and offers UPI-linked credit payments.
The card is available in two variants—‘Ultimo’ and ‘UNO’. Both are designed to offer rewards across daily spending categories, with added convenience of UPI-based transactions using credit.
https://www.phonepe.com/credit-cards/phonepe-hdfc-credit-card/
The card will be made available to eligible PhonePe users in phases
10% Reward Points on Select PhonePe categories: Recharges, Utilities, Bill Payments, Movies, Hotels, Travel, and PhonePe PINCODE, as well as Travel Switch categories on PhonePe.
Capped at 1000 Reward Points per calendar month
5% Reward Points on Select Online Brands - Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, Uber.
Capped at 500 Reward Points per calendar month
1% Reward Points on All Scan & Pay.
Capped at 500 Reward Points per month
CashBack Accrual:
CashBack will be given in the form of Reward Points, which can be redeemed by you against the statement balance (on request only).
The redemption against the statement balance will be at the rate of 1 Reward Point = ₹1
The minimum Reward Points balance required for redemption against the statement balance is 500 Reward Points
Reward Points can also be used for redemption against other benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal, at a value of 1 Reward Point = ₹0.30.
Maximum CashBack of Rs 7500 per month
Unredeemed CashPoints will expire/lapse after 1 year of accumulation
Full Terms
The card is aimed at digital-first consumers and offers UPI-linked credit payments.
The card is available in two variants—‘Ultimo’ and ‘UNO’. Both are designed to offer rewards across daily spending categories, with added convenience of UPI-based transactions using credit.
https://www.phonepe.com/credit-cards/phonepe-hdfc-credit-card/
| Feature | Phone Pe Ultimo | Phone Pe Uno |
|---|---|---|
| Cashback | ||
| Utilities, travel and leisure | 10% Reward Points on PhonePe spends like Recharge, Bill Payments, Flight Booking, Hotel, Pincode & more. | 2% Reward Points on PhonePe spends like Recharge, Bill Payments, Flight Booking, Hotel, Pincode & more. |
| E-commerce and QSRs | 5% Reward Points on top online brands: Flipkart, Amazon, Swiggy, Zomato, Uber, Myntra & AJIO. | 1% Reward Points on top online brands: Flipkart, Amazon, Swiggy, Zomato, Uber, Myntra & AJIO. |
| Scan and Pay | 1% Reward Points on Scan and Pay payments through any UPI app. | 1% Reward Points on Scan and Pay payments through any UPI app. |
| 8 complimentary airport lounge access within India per year. | ||
| Fuel surcharge waiver | 1% waiver on fuel surcharge for worry-free fuel spends. | 1% waiver on fuel surcharge for worry-free fuel spends. |
| Fee | ||
| Joining fee | ₹999 | ₹499 |
| ₹999 Renewal Fee (2nd year onwards) | ₹499 Renewal Fee (2nd year onwards) | |
| Renewal fee waiver on crossing ₹2 Lakh spends, annually | Renewal fee waiver on crossing ₹1 Lakh spends, annually | |
| Welcome benefits | Get cashback worth ₹499 on first UPI payment on PhonePe via this card | Get cashback worth ₹249 on first UPI payment on PhonePe via this card |
| Get ₹500 cashback! | Get ₹250 cashback! | |
| Earn ₹50 for your next 10 UPI payments on PhonePe via this card | Earn ₹25 for your next 10 UPI payments on PhonePe via this card | |
| Reward point value | 1 reward point = ₹1 | 1 reward point = ₹1 |
The card will be made available to eligible PhonePe users in phases
10% Reward Points on Select PhonePe categories: Recharges, Utilities, Bill Payments, Movies, Hotels, Travel, and PhonePe PINCODE, as well as Travel Switch categories on PhonePe.
Capped at 1000 Reward Points per calendar month
5% Reward Points on Select Online Brands - Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, Uber.
Capped at 500 Reward Points per calendar month
1% Reward Points on All Scan & Pay.
Capped at 500 Reward Points per month
CashBack Accrual:
CashBack will be given in the form of Reward Points, which can be redeemed by you against the statement balance (on request only).
The redemption against the statement balance will be at the rate of 1 Reward Point = ₹1
The minimum Reward Points balance required for redemption against the statement balance is 500 Reward Points
Reward Points can also be used for redemption against other benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal, at a value of 1 Reward Point = ₹0.30.
Maximum CashBack of Rs 7500 per month
Unredeemed CashPoints will expire/lapse after 1 year of accumulation
Full Terms
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