PhonePe, HDFC Bank launch co-branded RuPay credit card with UPI integration

[damn]

PhonePe HDFC Bank Credit Card | RuPay Benefits & Rewards

Get your PhonePe HDFC Bank RuPay Credit Card today! Enjoy amazing reward points, discounts, and a 1% fuel surcharge waiver. Apply seamlessly online.

www.phonepe.com

New card launch just now; will be available to apply for from app only.
@SSV

 

[SSV]

Where are you guys finding the option to apply in phone pe?

in the search box, search for the card name.. you will find it..
but for many it is ' coming soon'...

for example:

 

[Wealth is my birth right!]

Meantime my app shows to apply sbi but I got it from sprint already and added to phonepe

 

[Shubham Yadav]

in the search box, search for the card name.. you will find it..
but for many it is ' coming soon'...

for example:

View attachment 106427View attachment 106428View attachment 106429

As expected showing coming soon

 

[npraghatate]

Meantime my app shows to apply sbi but I got it from sprint already and added to phonepeView attachment 106431

After application, how much days it took to approve and receive card ?

 

[Wealth is my birth right!]

After application, how much days it took to approve and receive card ?

Sprint its next day I got virtual card

 

[HumorSimpson]

Sprint its next day I got virtual card

so you did sprint and kyc.. no vkyc ?

 

[Wealth is my birth right!]

so you did sprint and kyc.. no vkyc ?

Verified by 1/- savings account

 

[HumorSimpson]

Verified by 1/- savings account

I don't have sbi savings acc but sbi cb. so what will you suggest ? phonepe or sprint ? vkyc or kyc ?

 

[Wealth is my birth right!]

I don't have sbi savings acc but sbi cb. so what will you suggest ? phonepe or sprint ? vkyc or kyc ?

Sprint fine
Also 1/- verification not to be sbi account I did with my icici

 

[im_Pro]

Note – All offline UPI transactions were genuine (₹100, ₹200 etc) & got 5% CB.

Excluded categories like utilities may get 1% only for 3rd party utilities payment (Except phonepe).

If you try to misuse on free MDR to your own merchant acc, it likely won’t work & MDR fee will be applied later

What you mean by "MDR fee will be applied later?"

I'm asking this for general context. MDR free for under 2k normally then how MDR fee will be applied later?

 

[Abhishek012]

What you mean by "MDR fee will be applied later?"

I'm asking this for general context. MDR free for under 2k normally then how MDR fee will be applied later?

That was meant for misuse; if you misuse it by making payments to your own merchant UPI QR account, then later the merchant company will apply an MDR fee to your account.

 

[Anshit]

I don't have any relationship with SBI, if I apply, will there be a physical verification?

 

[im_Pro]

That was meant for misuse; if you misuse it by making payments to your own merchant UPI QR account, then later the merchant company will apply an MDR fee to your account.

Even if under 2k?
Can bank apply MDR later when the transaction already settled in past?

What if bank account registered with bussiness name as account holder?

 

[Exewhyzee]

HDFC ko jagao koi

 

[6ix9ine]

That was meant for misuse; if you misuse it by making payments to your own merchant UPI QR account, then later the merchant company will apply an MDR fee to your account.

"Misuse" shabd tumhare mooh se accha nhi lagta

 

[BhaiyaJi]

HDFC ko jagao koi

SBI ka PhonePe card dekh ke unki patti padi hai

 

[Abhishek012]

Even if under 2k?
Can bank apply MDR later when the transaction already settled in past?

What if bank account registered with bussiness name as account holder?

No but all future transaction, merchant company will charge MDR fee.

No charges for customers.

 

[Manishg]

No but all future transaction, merchant company will charge MDR fee.

No charges for customers.

Ye kya bak rahe ho? 🤣

 

[HumorSimpson]

No but all future transaction, merchant company will charge MDR fee.

No charges for customers.

And that merchant will pass the charges to the customers by asking "+2% if you use rupay cc upi"

 

[Abhishek012]

And that merchant will pass the charges to the customers by asking "+2% if you use rupay cc upi"

Here I was talking about the misusers.

As for the rest — if a merchant charges the customer, the customer will soon stop buying from them, and their business will quickly shut down.