Cards / HDFC

HDFCPhonePe HDFC Bank Ultimo

PhonePe HDFC Bank Ultimo Credit Card

HDFC Bank · with PhonePe · Rewards

Reviewed by Chandan Kumar Dash

10% reward points on select PhonePe categories; 5% on select online brands; 1% on UPI Scan & Pay.

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Joining fee

₹999

Annual fee

₹999

Waiver spend

₹2,00,000

Forex markup

3.5%

Fee waiver

Spend ₹2,00,000 in a card year and the next annual fee is waived.

That is about ₹16,667 a month.

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Offers on this card now

• Travel
  MMalaysia Airlines

  10% instant discount on Malaysia Airlines flights

  5% on promo fares. Book through the HDFC Bank page on malaysiaairlines.com with code HDFC0926, for travel until 31 March 2027 from Malaysia Airlines cities in India. Full swipe credit card payments only.

  Ends 31 OctBank's terms

• Bills
  HHDFC SmartPay

  5% cashback up to ₹150 a month on automatic bill payments

  Register electricity, mobile, broadband, DTH, gas and other bills on SmartPay. Cashback is capped at ₹1,800 in the first year. Valid on HDFC Bank credit and debit cards.

  Ends 31 OctBank's terms

• Food
  Swiggy Dineout

  10% off up to ₹200 on Swiggy Dineout bills

  Minimum bill ₹2,000 with code HDFCCARDS, first 2 transactions a month. Infinia gets up to ₹500 on ₹3,500 (HDFCINFINIA) and Diners Club Black up to ₹400 on ₹3,000 (HDFCDINERS).

  Ends 31 DecBank's terms

• Shopping
  AALDO

  Additional 5% instant discount at ALDO stores

  Net bill above ₹14,999. Each card can be used twice per brand per month. Valid on credit cards, debit cards and EasyEMI.

  Ends 8 Mar 2027Bank's terms

See every bank on the card offers page. Checked 18 Oct from the bank's own pages; read the bank's terms before you pay.

How the app counts rewards

• 10% back as points on recharges, bills and travel booked in the PhonePe app (up to 1,000 points a month)
• 5% back as points on Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato and Uber (up to 500 points a month)
• No points on other card spends (UPI Scan & Pay earns 1%, up to 500 points a month)

No rewards on education, fuel, insurance, rent, wallet loads.

Airport lounges

• Domestic: 2 visits a quarter

Needs ₹75,000 spend in the calendar quarter; up to 8 a year

Points

Reward Points, worth about ₹1 each on the usual redemption. Expire after 2 years.

Work out what your points are worth

Who can apply

• Age 21 to 60
• Salaried: income of ₹3,00,000 a year or more
• Self-employed: income of ₹26,00,000 a year or more

Salaried: gross ₹25,000 a month, age 21 to 60. Self-employed: ₹26 lakh a year as the bank states it, age 21 to 65. Apply only in the PhonePe app

Published minimums. Approval is the bank's decision. See every card you qualify for.

Checked against the bank's terms. Banks change terms often, so check the latest terms before applying.

Taken from the bank's page. Rules data version 2026.10.06-0001.

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