The PhonePe HDFC Bank Ultimo Credit Card is designed to bring significant value to your everyday digital transactions and online shopping. This co-branded card, powered by the RuPay network, integrates seamlessly with the PhonePe ecosystem, offering accelerated reward points and exclusive benefits.
Image Credits: HDFC Bank/PhonePe
Key Features 
- Accelerated Rewards on PhonePe: Earn a substantial 10% Reward Points on select PhonePe categories, including recharges, utility bill payments, movie ticket bookings, hotels, travel, and PhonePe PINCODE & Travel Switch categories. This is capped at 1000 Reward Points per calendar month.
- Online Shopping Benefits: Get 5% Reward Points when you shop on popular online brands like Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, and Uber, with a cap of 500 Reward Points per calendar month.
- UPI Scan & Pay Rewards: Enjoy 1% Reward Points on all Scan & Pay spends, capped at 500 Reward Points per calendar month, allowing you to maximize benefits on your UPI transactions.
- Utility Bill Payments Made Easy: Register your card with HDFC Bank’s SmartPay service for timely and convenient utility bill payments.
- Zero Cost Liability: In case of card loss, report it immediately to the 24-hour call center to ensure zero liability on fraudulent transactions.
- Interest-Free Credit: Avail up to 50 days of interest-free credit on your card spends.
- Fuel Surcharge Waiver
: Benefit from a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, with a maximum waiver of Rs. 250 per statement cycle. - Complimentary Lounge Access : Enjoy 8 complimentary annual domestic lounge accesses (2 per quarter), conditional on spending Rs 75,000 in the previous quarter (excluding cash advances, credit card fees, and EMI spends).
Welcome Benefits 
- Receive 50% of your Joining Fee (Rs 499) back as a PhonePe Gift Card on your first RuPay CC on UPI transaction (minimum Rs 100).
- The remaining 50% is spread across the next 10 RuPay CC on UPI transactions (Rs 50 each) as PhonePe Gift Cards.
- Note: Welcome benefits are provided by PhonePe; contact PhonePe Customer Care for queries.
Fee Waiver 
- Spend-Based Fee Waiver: Your annual renewal fee can be waived off by spending Rs. 2,00,000 in the previous year (excluding cash advances, credit card fees, and EMI spends).
Reward Points Redemption and Validity 
- CashBack Accrual: Reward Points are accrued as CashBack and can be redeemed against your statement balance at a value of 1 Reward Point = ₹1 (minimum 500 Reward Points required, on request only).
- Other Redemption Options: You can also redeem Reward Points for flight & hotel bookings or from the Rewards Catalogue on the SmartBuy Rewards Portal, where 1 Reward Point is equivalent to ₹0.30.
- Maximum Cashback: A maximum cashback of Rs. 7500 per month can be earned.
- Exclusions for Reward Points: Reward Points are not applicable on EMI spends, fuel transactions, wallet loads, gift card purchases, cash advances, credit card bill payments, credit card fees/charges, government transactions, rental payments, education fees, insurance, investments, and jewelry purchases.
- Validity: Unredeemed Reward Points will expire after 1 year of accumulation.
The PhonePe HDFC Bank Ultimo Credit Card is a compelling option for those who frequently use PhonePe for various transactions and engage in online shopping, offering a rewarding experience with its diverse benefits.
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