PhonePe HDFC Bank Ultimo Credit Card
A powerful card for PhonePe users with high rewards on utilities and bill payments.
- Issuer
- HDFC Bank
- Card type
- Co-branded Card
- Category
- Shopping
- Joining fee
- ₹999 + GST
- Annual fee
- ₹999 + GST
- Rewards currency
- Reward Points
Highlights
- 10 RP/₹100 on PhonePe Select Spends
- 5 RP/₹100 on Top E-com Brands
- 1.5% on UPI
Welcome, annual & renewal benefits
- Joining/Annual Fee: ₹999 + GST.
- Welcome Benefit: ₹499 after your first RuPay UPI transaction, ₹50 for each UPI transactions of ₹100 or more for next 10 transactions.
- Annual Fee Waiver on spends of ₹2,00,000.
Reward earning
| Spend type | Earn rate | Monthly Cap |
|---|---|---|
| PhonePe Spends (Bill Pay, Travel, etc.) | 10 RP / ₹100 | 1000 Reward Points |
| Amazon, Flipkart, Myntra, etc. | 5 RP / ₹100 | 500 Reward Points |
| UPI Spends | 1 RP / ₹100 | 500 Reward Points |
Redemption rate is 1 RP = ₹1
Additional Benefits
- 8 Domestic Lounge visits per year.
- Lounge access is unlocked after spending ₹70,000 in a quarter
Review
If you already use PhonPe extensively for shopping go for this card otherwise skip it