HDFC Bank PhonePe Ultimo Credit Card
HDFC Bank · Cashback · Cashpoints
This comprehensive guide covers the HDFC Bank PhonePe Ultimo Credit Card's reward rates, fees, and terms — updated regularly from official sources — to help you decide if this card fits your spending. The HDFC Bank PhonePe Ultimo Credit Card from HDFC Bank offers cashback rewards redeemable as cash points at 3% (up to ₹2,000 per cycle). Top earning categories include 3% cashback on phonepe spends and more. Annual fee is ₹999 (waived above inr 2,00,000 annual spend).
Best for: Phonepe · Online Retail, General Online, Electronics Accessories, Dining
Top Merchants
Reward Examples
Spend ₹1,000 on Phonepe → earn ₹30 (3%) · 3% cashback on PhonePe spends
Spend ₹1,000 on Online retail → earn ₹15 (2%) · 1.5% cashback on online spends
Spend ₹1,000 on Dining → earn ₹10 (1%) · 1% cashback on all other spends
Official product page → Official rules →
Waiver: Waived above INR 2,00,000 annual spend
Reward Rules
- 3% 3% cashback on PhonePe spends (cap: ₹2,000)
- 2% 1.5% cashback on online spends (cap: ₹2,000)
- 1% 1% cashback on all other spends (cap: ₹2,000)
Important Notes
- Cashback credited as cashpoints redeemable to statement
- Annual fee: INR 999
How to Apply
- Apply online: Official application page →
- Credit score: Most rewards cards require good to excellent credit (typically 670+ FICO).
- Issuer rules: Some issuers restrict approvals (e.g. Chase 5/24). Verify current eligibility before applying.
HDFC Bank PhonePe Ultimo Credit Card vs Similar Cards
- Airtel Axis — 25% top rate · ₹500
- Amazon Pay ICICI — 5% top rate · ₹0
- AU Bank LIT Credit Card — 5% top rate · ₹499
Maximize Your Rewards
To earn the highest rewards, use the HDFC Bank PhonePe Ultimo Credit Card for its bonus categories: Online Retail, General Online, Electronics Accessories, Dining, Grocery.