HDFC Bank
Platinum · PhonePe Ultimo
PhonePe HDFC Ultimo Credit Card
HDFC Bank
Premium UPI credit card with up to 10X rewards on PhonePe
Annual Fee
₹999
Joining Fee
₹999
Reward Rate
1.0%
Forex Markup
3.5%
Value Analysis
Annual Net Value
₹8,821
Total Annual Benefits
₹10,000
Total Annual Charges
₹1,179
ROI
748%
Fee Waiver Available
Annual fee waived on spending ₹1.5 Lakh in the preceding year — ₹1,50,000 annual spend
Card Analytics
Visual breakdown of value, benefits, and limits
Value Breakdown
Benefits Distribution
Transaction Limits
Card Scorecard
Charges Breakdown
Benefits & Perks
Utility Payments (2)
PhonePe Reward Points
10 Reward Points per ₹100 on PhonePe transactions including bill payments, recharges, and merchant payments
- • Valid on PhonePe app transactions
10 RP per ₹100
Bill Payment Benefits
Exclusive cashback offers on utility bill payments via PhonePe
- • PhonePe bill payments only
Exclusive offers
₹1,200/yr
Shopping Benefits (1)
E-commerce Rewards
5 Reward Points per ₹100 on Amazon, Flipkart, and Myntra
- • Valid on Amazon, Flipkart, and Myntra
5 RP per ₹100
Reward Points (1)
UPI Rewards
1 Reward Point per ₹100 on all UPI transactions
- • RuPay UPI linked transactions
1 RP per ₹100
Reward Program
Program
HDFC Reward Points
10 RP/₹100 PhonePe, 5 RP/₹100 e-commerce, 1 RP/₹100 UPI
Effective cashback: 1.00%
Points expire: 2 years from date of accrual
Redemption Options
- → Flights & Hotels via SmartBuy (1 RP = ₹0.50)
- → Products & Vouchers (1 RP = up to ₹0.35)
- → Cashback (1 RP = ₹0.20)
Bonus Categories
PhonePe
10x multiplier
10 RP per ₹100 on PhonePe
E-commerce
5x multiplier
5 RP per ₹100 on Amazon/Flipkart/Myntra
Milestone Bonuses
1,000 bonus reward points on spending ₹1.5 Lakh annually
Spend ₹1,50,000 annually
1,000 Reward Points
Fees & Charges
| Charge | Amount |
|---|---|
| Joining Fee | ₹999 Excluding GST |
| Annual Fee | ₹999 Excluding GST |
| Add-on Card Fee | Free Free |
Transaction Charges
- Forex Markup
- 3.5%
- Interest Rate (Monthly)
- 3.75%
- Late Payment Fee
- ₹1,300
- Cash Advance Fee
- 2.5%
ATM Charges
- Own Bank Withdrawal
- ₹250
- Other Bank Withdrawal
- ₹250
- Intl. Withdrawal Fee
- 2.5% + ₹250
Eligibility
Requirements
- Min. Monthly Income
- ₹35,000
- Min. Annual Income
- ₹4,20,000
- Min. Credit Score
- 700
- Age Range
- 21 – 65 years
- Employment
- Salaried, Self-Employed
Notes
- • Salaried: Gross Monthly Income > ₹35,000
- • Self-Employed: ITR > ₹4.2 Lakh p.a.
Transaction Limits
ATM Withdrawal / Day
₹30,000
POS & E-Commerce / Day
₹2,50,000
Contactless / Txn
₹5,000
Features
RuPay UPI linked credit card Contactless payments EMV chip security Add-on cards available EMI conversion facility PhonePe app integration Instant UPI credit activation
EMI Options
Min. Transaction
₹2,500
Interest / Month
1.5%
Tenure Options
3, 6, 9, 12 months
Processing Fee
1%
Ready to Apply?
The PhonePe HDFC Ultimo Credit Card is a premium RuPay credit card designed for UPI-linked payments. It offers 10 Reward Points per ₹100 on PhonePe tr...
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