PhonePe HDFC Bank Ultimo Credit Card

HDFC Bank · ₹999 a year · fee waived on ₹2,00,000 of annual spend

Pays 10% on bills paid in the PhonePe app, within tight monthly caps.

Base rate: 0% as Reward Point.

What the bank says

• 10% back on recharges, bills and travel in the PhonePe app, up to 1,000 points a month
• 5% back at Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato and Uber, up to 500 points a month
• 1% back on UPI Scan & Pay, up to 500 points a month
• 1 point = ₹1 as cashback against your bill
• 8 domestic lounge visits a year, on ₹75,000 of spend in the quarter

Where it pays more

• 10% on recharges and bills in the PhonePe app, up to 1,000 points a month
• 5% at Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato and Uber, up to 500 points a month
• 1% on UPI Scan & Pay, up to 500 points a month

Things that catch people out

• We assume 80% of your bills are paid in the PhonePe app.
• HDFC Bank’s page states no reward on spends outside these categories, so we count none.

Joining fee: ₹999. Foreign currency markup: not published.

Read from HDFC Bank’s own page on 2026-09-16.

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