- Joining fee
₹999 + GST
- Annual fee
₹999 + GST
- Best suited for
Travel, Shopping, Utility Bills, UPI
- Reward type
Reward Points
Rewards
- Rewards rate
10 RPs/₹100 on Select PhonePe Spends Like Recharges, Bill Payments, Movies, Hotels, Utilities, and More. 5 RPs/₹100 on Brands Like Amazon, Flipkart, Myntra, Ajio, and More. 1 RP/₹100 on Scan & Pay UPI Spends
- Welcome benefits
Get 50% of the Joining Fee Back as a PhonePe Gift Card on Your First RuPay Credit Card UPI Transaction, and the Remaining 50% as 10 Gift Cards on Continued UPI Spends
- Reward redemption
1 Reward Point = ₹1 (Redemption Against Statement). 1 Reward Point = ₹0.30 When Redeemed for Airmiles, Product Catalogue or Smartbuy
Benefits
- Domestic lounge
2 Lounge Visits Each Quarter on Spends of ₹75,000 or More
Fees & charges
- Spend-based waiver
Renewal Fee Waiver on Annual Spends of ₹2 Lakh or More
- Rewards redemption fee
No Charges for Reward Point Redemption Against Statement
- Foreign currency markup
3.5%
- Interest rates
3.75% Monthly/45% Annually
- Fuel surcharge waiver
1% Waiver on Transactions Between ₹400 and ₹5,000 (Maximum ₹250 Each Statement Cycle)
- Cash advance charges
2.5% or ₹500 (Whichever is Higher)
Product highlights
- The PhonePe HDFC Bank Ultimo Credit Card is the ideal credit card for making utility bill payments, spending via PhonePe, and UPI payments.
- Apart from all the savings via PhonePe, cardholders can also earn 5% Reward Points on popular online platforms like Flipkart, Amazon, Ajio, Swiggy, Zomato, and more.
- One can take advantage of free airport lounge access and relax before their journey.
- 1% fuel surcharge waiver allows cardholders to refuel their vehicles without having to pay extra.
Pros & cons
Pros
- 10% Reward Points on bill payments via PhonePe up to 1,000 Reward Points, is quite generous. This is a benefit that most of us can take advantage of, as we all have electricity, mobile recharges, and other bills that we need to pay on a regular basis.
Cons
- Although the PhonePe HDFC Ultimo Credit Card offers free airport lounge access, it requires a minimum spending of ₹75,000 or more each quarter, making it suitable only for high spenders.
FAQs
What are the annual charges for the PhonePe HDFC Ultimo Credit Card?
The PhonePe HDFC Ultimo Credit Card comes at an annual charge of ₹999 + GST (~₹1,179).
Where can I apply for the PhonePe HDFC Ultimo Credit Card?
The PhonePe HDFC Ultimo Credit Card can only be applied for via PhonePe. This card cannot be applied for directly via HDFC.
Will I earn Reward Points for insurance with the HDFC Ultimo Credit Card?
No, the Phone Pe HDFC Ultimo Credit Card doesn’t offer any Reward Points for insurance payments.
I already have an HDFC Credit Card, can I still apply for the PhonePe HDFC Ultimo Credit Card?
You can apply for a PhonePe HDFC Bank Ultimo Credit Card even if you already have an HDFC Bank Credit Card. However, you must not have submitted any other credit card application within the last 60 days. If you have, you will not be eligible to apply at this time.