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
TnC not out yet
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
TnC not out yet
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