PhonePe HDFC Bank Ultimo Credit Card
HDFC About This Card
The PhonePe HDFC Bank Ultimo Credit Card is a RuPay card designed for digital-first spenders. Offers 10% rewards on PhonePe spends and 5% on major online brands, plus UPI rewards at 1%. The Rs 999 fee is partially refundable via PhonePe gift cards. Monthly caps on rewards are the main limitation.
Pros & Cons
Pros
- 10% rewards on PhonePe ecosystem is exceptional
- 1% UPI rewards via RuPay CC on UPI
- Broad 5% category coverage (Amazon, Flipkart, Swiggy, Uber)
- Domestic lounge access on meeting spend threshold
Cons
- Monthly reward caps limit actual earnings (1,000 + 500 RP)
- Lounge access requires Rs 75K quarterly spend gate
- RuPay network limits international acceptance
- 3.5% forex markup
Fee Details
Reward Structure
Lounge Access
Key Highlights
- 10% Reward Points on PhonePe spends (recharges, utilities, travel) - capped 1,000 RP/month
- 5% RP on top brands (Amazon, Flipkart, Swiggy, Zomato, Uber) - capped 500 RP/month
- 1% RP on Scan & Pay UPI transactions
- 8 domestic lounge visits/year (2/quarter, requires Rs 75K quarterly spend)
- RuPay CC on UPI enabled for seamless digital payments
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Active Offers (1)
All offers10% instant discount on Amazon
Get 10% instant discount up to Rs 1,500 on Amazon.in purchases over Rs 5,000. Valid on all HDFC credit cards.
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