HDFC
PhonePe HDFC Bank Ultimo Credit Card
This is an invite only card
Top Benefits
Gift Cards on Your First RuPay Credit Card
on UPI transaction and next 10 eligible UPI transactions on PhonePe, worth ₹499 plus 10 scratch cards of ₹50 each
Best For
Shopping
Dining
Travel
Utility Bills
Expert Review
Joining / Annual Fee
Joining Fees
₹1,179 ( ₹999 + GST )
Annual Fees
₹1,179 ( ₹999 + GST )
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
No
All Card Benefits
- 10% Reward Points on PhonePe categories such as recharges, bill payments, flights, hotels, bus and train bookings, capped at 1000 Reward Points per calendar month
- 5% Reward Points on select online brands such as Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy and Zomato, capped at 500 Reward Points per calendar month
- 1% Reward Points on all Scan & Pay RuPay credit card on UPI spends, capped at 500 Reward Points per calendar month
- Earn up to 2000 Reward Points per month
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 RP = 0.30
Redemption Options
- SmartBuy
- Flights/Hotels
- Product Catalogue
To check redemption catalogue
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
Insurance
Investment
Jewellery
Cash Advances
Rental Payments
EMI Spends
Wallet Load
Govt. Spends
Education Fees
Gift Card
Credit Card Bill Payment
For Spends Waiver
Fuel
Insurance
Investment
Jewellery
Cash Advances
Rental Payments
EMI Spends
Wallet Load
Govt. Spends
Education Fees
Gift Card
Credit Card Bill Payment
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.5% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable) | 2.5% |
Reward Redemption Fees ₹99 per redemption request is applicable | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees A surcharge fee of 1% applies on rental transactions made using the credit card | 1% |
cheque Payment Fees A fee of ₹50 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹50 |
Cash Payment Fees ₹100 cash payment fee per deposit | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹500 | ₹100 |
| ₹501 - ₹1000 | ₹500 |
| ₹1001 - ₹5000 | ₹600 |
| ₹5001 - ₹10000 | ₹750 |
| ₹10001 - ₹25000 | ₹900 |
| ₹25001 - ₹50000 | ₹1100 |
| Above ₹50000 | ₹1300 |
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Top Benefits
Gift Cards on Your First RuPay Credit Card
on UPI transaction and next 10 eligible UPI transactions on PhonePe, worth ₹499 plus 10 scratch cards of ₹50 each
The smartest way to find your great credit card
We value your time and privacy. Your details stay secure and are used only to help you.
Company
We value your time and privacy. Your details stay secure and are used only to help you.