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Phonepe HDFC Bank UltimoHDFC Bank

HDFC Bank · Everyday Rewards

Phonepe HDFC Bank Ultimo Credit Card

In HDFC MITC High-confidence

Sourced from HDFC's official MITC (v4.3 (Jul-2026)) and its official product page ↗. Data as of 2026-07-04.

Official HDFC page ↗ MITC PDF ↗

Fees & charges

Joining fee₹999 + applicable taxes
Annual / renewal fee₹999 + applicable taxes
Renewal-fee waiver₹2 lakh annual spend (excludes cash advances, fees/charges, EMI)
NetworkRuPay RuPay

Rewards & benefits

Reward rate10% RP on PhonePe recharges/bills & travel (cap 1000 RP/mo); 5% on select online brands—Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, Zomato (cap 500 RP/mo); 1% on all RuPay-CC-on-UPI scan & pay (cap 500 RP/mo); up to 2000 RP/mo; 1 RP = ₹1 as statement cashback (₹0.3 on SmartBuy), max ₹7,500 cashback/month
Welcome benefit₹499 PhonePe Gift Card on first RuPay-CC-on-UPI payment + ₹50 scratch cards on the next 10 such payments (together = 100% of joining fee), given by PhonePe; min ₹100/txn
Lounge access8 complimentary domestic lounge visits/year (2 per calendar quarter), conditional on ₹75,000 spend in that quarter; no international lounge access stated
Key benefitsRuPay UPI-linked card rewarding PhonePe bills/recharges/travel (10%), select online brands (5%) and all scan & pay (1%), plus 1% fuel surcharge waiver and milestone domestic lounge access

Eligibility & status

Eligibility / incomeNot stated on HDFC's page
Status noteactive — apply only through the PhonePe app (no HDFC website/offline application)

Sources compared — HDFC's MITC (PDF) vs the card's microsite

Every fact is shown from both of HDFC's own sources so you can verify it yourself — the MITC PDF ↗ (the binding fee document) and the product microsite ↗. Nothing is omitted or paraphrased.

Fact📄 MITC PDF🔗 Microsite
Joining / annual fee₹ 999 + Applicable TaxesMITC v4.3, fee table L632-655₹999 + applicable taxes
Fee waiver (min spend)₹ 2 lakh per annum for waiver of renewal fee (spends exclusions given below). No waiver on Joining Fee.MITC v4.3, fee table L632-655₹2 lakh annual spend (excludes cash advances, fees/charges, EMI)
Fuel surcharge waiver1% fuel surcharge waiver on minimum transaction of ₹400 & maximum transaction of ₹5000. Maximum waiver of ₹250 per statement cycleMITC v4.3, fee table L632-6551% fuel surcharge waiver
Forex markup3.5%MITC v4.3, fee table L632-655NOT STATED
Reward rateNot in MITC (product term)10% RP on PhonePe recharges/bills & travel (cap 1000 RP/mo); 5% on select online brands—Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, Zomato (cap 500 RP/mo); 1% on all RuPay-CC-on-UPI scan & pay (cap 500 RP/mo); up to 2000 RP/mo; 1 RP = ₹1 as statement cashback (₹0.3 on SmartBuy), max ₹7,500 cashback/month
Welcome benefitNot in MITC₹499 PhonePe Gift Card on first RuPay-CC-on-UPI payment + ₹50 scratch cards on the next 10 such payments (together = 100% of joining fee), given by PhonePe; min ₹100/txn
Lounge accessNot in MITC8 complimentary domestic lounge visits/year (2 per calendar quarter), conditional on ₹75,000 spend in that quarter; no international lounge access stated
EligibilityNot in MITCNOT STATED

✓ both agree ⚠ differ — verify • MITC only • microsite only

Live microsite fetch this run: thin 37, ok 3, blocked 1. HDFC microsites are JavaScript-rendered, so where the live fetch was thin the microsite column shows the fact as previously recorded from that card’s HDFC page — open the linked URL to verify. See the full schedule of charges → (finance charges, cash-advance, late-fee slabs…), all cited to the MITC.

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