Rewards & Benefits :- 

Welcome Benefits

Get 50% of the Joining Fee Back as a PhonePe Gift Card on Your First RuPay Credit Card UPI Transaction, and the Remaining 50% as 10 Gift Cards on Continued UPI Spends

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Rewards Rate

10 RPs/₹100 on Select PhonePe Spends Like Recharges, Bill Payments, Movies, Hotels, Utilities, and More. 5 RPs/₹100 on Brands Like Amazon, Flipkart, Myntra, Ajio, and More. 1 RP/₹100 on Scan & Pay UPI Spends

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Reward Redemption

1 Reward Point = ₹1 (Redemption Against Statement). 1 Reward Point = ₹0.30 When Redeemed for Airmiles, Product Catalogue or Smartbuy

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Fees & Charges :- 

Spend-Based Waiver

Renewal Fee Waiver on Annual Spends of ₹2 Lakh or More

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Rewards Redemption Fee

No Charges for Reward Point Redemption Against Statement

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Foreign Currency Markup

3.5% + GST

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Interest Rates

3.75% Per Month

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Fuel Surcharge

1% Waiver on Transactions Between ₹400 and ₹5,000 (Maximum ₹250 Each Statement Cycle)

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Cash Advance Charges

2.5% of the transaction amount, subject to a minimum fee of Rs. 500

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Product Details :- 

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• The PhonePe HDFC Bank Ultimo Credit Card is the ideal credit card for making utility bill payments, spending via PhonePe, and UPI payments.

• Apart from all the savings via PhonePe, cardholders can also earn 5% Reward Points on popular online platforms like Flipkart, Amazon, Ajio, Swiggy, Zomato, and more.

• One can take advantage of free airport lounge access and relax before their journey.

• 1% fuel surcharge waiver allows cardholders to refuel their vehicles without having to pay extra.

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Pros/Cons :-

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Pros

• 10% Reward Points on bill payments via PhonePe up to 1,000 Reward Points, is quite generous. This is a benefit that most of us can take advantage of, as we all have electricity, mobile recharges, and other bills that we need to pay on a regular basis.

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Cons

• Although the PhonePe HDFC Ultimo Credit Card offers free airport lounge access, it requires a minimum spending of ₹75,000 or more each quarter, making it suitable only for high spenders.