PhonePe HDFC Bank Co-branded Credit Card

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Bapun

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PhonePe and HDFC Bank today announced the launch of the ‘PhonePe HDFC Bank Co-branded Credit Card’, marking PhonePe’s foray into the co-branded card segment. In partnership with HDFC Bank, this new line of co-branded RuPay Credit Cards is designed to meet the evolving financial needs of the Indian consumer by offering benefits on UPI spends especially on the PhonePe Platform.

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Important Points:

1 Reward Point = ₹1 & can be redeemed as statement credit through the HDFC NetBanking portal.

Ultimo:

499 cashback on the first upi spend on PhonePe through this card.

500 cashback for the next 10 upi spends (50 per spend) on PhonePe through this card.

Joining fee 999

Renewal fee 999 (Waived if spends cross 2L)

Uno:

249 cashback on the first upi spend on PhonePe through this card.

250 cashback for the next 10 upi spends (25 per spend) on PhonePe through this card.

Joining fee 499

Renewal fee 499 (Waived if spends cross 1L)

T&C apply on the mentioned cashback, probably caps. They haven't elaborated yet.
 
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