PhonePe HDFC Bank Ultimo Credit Card

Rewards, as stated by the issuer

• 10% Reward Points on Select PhonePe categories* (Recharges, Utilities, Bill Payments and Travel) - Capped at 1000 Reward Points per calendar month
• 5% Reward Points on Select Online Brands – Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, Uber (Capped at 500 Reward Points per calendar month
• 1% Reward Points on All Scan & Pay spends (Capped at 500 Reward Points per calendar month
• Reward points are posted once every month for eligible transactions settled in the previous calendar month. For example, reward points for eligible transactions settled between 1-Nov to 30-Nov (as per posting date), will be credited to the card account on or before 15th Dec
• 1 Reward Point is equivalent to Re.1 when redeemed as cashback against statement credit
• 1 Reward Point is equivalent to Re.0.3 of SmartBuy (Flights/Hotels, Airmiles & Product Catalogue
• The minimum Reward Point balance required for redemption against the statement balance is 500 Reward Points
• Unredeemed Reward Points will expire/lapse after 2 years from the date of accumulation
• Maximum cashback redemption of Rs 7,500 per calendar month
• If the cardholder opts for redemption as Cashback against statement, there will be no redemption fee levied

Other benefits

• Earn up to 2000 Reward Points per month on your everyday spends like utilities, bill payments, flights, hotels, online shopping brands, UPI Scan & Pay and much more
• Save 1% on fuel surcharge at fuel stations when you pay with your card
• 1% fuel surcharge waived of on fuel transactions.​(Minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹250 per statement cycle
• Interest-free Credit Period - Get up to 50 days of interest-free credit from the date of purchase. (subject to submission of the charge by the merchant
• Zero Cost Card Liability - Available on any fraudulent transactions made on your Credit Card if reported immediately to HDFC Bank’s 24-hour Call Centre
• The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose

Welcome & milestones

Lounge access

Domestic: Enjoy 8 complimentary domestic airport lounge visits every year (2 per quarter)* · 8 complimentary annual domestic lounge access, 2 per quarter (Conditional - Spend Rs 75,000 in a quarter to be eligibile for the lounge access

Eligibility

Every fee line found on the page

• Save 1% on fuel surcharge at fuel stations when you pay with your card.
• 8 complimentary annual domestic lounge access, 2 per quarter (Conditional - Spend Rs 75,000 in a quarter to be eligibile for the lounge access).
• 1% fuel surcharge waived of on fuel transactions.​(Minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹250 per statement cycle).
• Save up to ₹15,000 * annually
• Joining Fee: ₹999 + applicable taxes
• Annual Fee: ₹999 + applicable taxes
• Annual Year Fee waived upon spending ₹2,00,000 in the previous year.