RuPay 📡 Contactless NFC

PhonePe Ultimo HDFC Bank Credit Card

Joining Fee₹999

Annual Fee₹999

Forex Markup 3.5%

Apply Now →

⚖️ Card Verdict & Target Persona

Who Should Apply

Active PhonePe power users and online shoppers seeking 5% cashback on utility bills, recharges, Amazon, and Flipkart with RuPay UPI functionality.

Who Should Avoid

Users who cannot reach the ₹75,000 quarterly spend threshold for lounge access.

🎁 Key Features & Highlights

🎉

Joining & Activation Welcome Gift

₹499 cashback upon completing first UPI transaction on PhonePe within 30 days of card setup

5% Cashback on PhonePe & E-Commerce

5% cashback on PhonePe app merchant spends, utility bill payments, and top online shopping platforms (Amazon, Flipkart, Myntra).

Domestic Airport Lounge Access

8 complimentary domestic airport lounge visits per calendar year (max 2 per quarter on min ₹75,000 quarterly spend).

₹499 Welcome UPI Cashback

₹499 welcome cashback on completing first UPI transaction via PhonePe.

💰 Reward Structure & Point Valuation

1 Direct Cashback = ₹1

Standard Base Earning

1% cashback on all regular online and offline spends (1 CashPoint = ₹1.00)

Accelerated / Partner Rate

5% cashback on PhonePe ecosystem utility bills/recharges and top online partners (Amazon, Flipkart, Myntra, Ajio, capped at 500 points/month); 1% cashback on other retail transactions

Points Validity:24 Months

Redemption Fee: ₹99 + GST / cycle

Redemption Modes: Direct Statement Cash Credit (1 CashPoint = ₹1.00, min 500 points), PhonePe Wallet / Gift Voucher Balance

🚫 No Reward Points / Cashback on:

Fuel Rent Payments Wallet Loads Government Transactions Jewellery Cash Advances EMI

🛋️ Airport Lounge Access & Spend Criteria

✓ Lounge Access Active

🛫

Domestic Lounge Visits8 complimentary domestic airport lounge visits per calendar year (max 2 per quarter)

🌐

International Lounge VisitsNone

⚠️

Spend Criteria: Requires minimum retail spend of ₹75,000 in the previous calendar quarter

⚡ Spend Milestones & Special Perks

Annual Fee Waiver ₹150,000/yr

Annual renewal fee of ₹999 is waived off on spending ₹1,50,000 or more in the previous anniversary year

UPI Payments Support✓ Supported (RuPay)

1% cashback on all merchant RuPay UPI QR transactions across any app

Fuel Surcharge Waiver1% Surcharge Waived

1% fuel surcharge waiver for transactions between ₹400 and ₹5,000 (Capped at ₹250/mo)

📋 Eligibility Criteria

✓ Official Criteria

Age Limit21 - 60 Years

Min. Monthly Income₹30,000

Min. Credit Score720 CRIF

Employment TypeSalaried / Self-Employed

📊 Interest Rates & Charges

Finance Charges (Interest Rate / APR):3.60% per month (43.20% per annum)

Late Payment Penalties:Late payment charges slab-based up to ₹1,300

Official Bank Portal Application

Get the PhonePe Ultimo HDFC Bank Credit Card

Annual Fee: ₹999/yr (Waivable)

Apply Online Now →

Personalized Card Matcher

Still Confused About Your Best Match?

Don’t guess your cashback. Tell CardGuru your monthly grocery, UPI, and online shopping spends to calculate your exact net rupee returns in 10 seconds.

⚡ Instant Net Yield Math•🛋️ Lounge Fee Gate Check•🆓 100% Free & Impartial

Ask CardGuru Now→Takes less than 15 seconds

Best Credit Cards for 720 CIBIL Score LTF Cards for Salary Under ₹30,000 All HDFC Bank Credit Cards Lounge Access Credit Cards RuPay UPI Credit Cards Best RuPay Credit Cards

Frequently Asked Questions

No, PhonePe Ultimo HDFC Bank Credit Card has a joining fee of ₹999 and an annual renewal fee of ₹999 (plus applicable taxes).

PhonePe Ultimo HDFC Bank Credit Card ₹999/yr