PhonePe HDFC Bank Ultimo Credit Card: UPI Rewards

India's First UPI Credit Card with 10% Rewards on PhonePe Spends

PhonePe HDFC Bank Ultimo Credit Card

Experience India's first UPI-powered credit card with exceptional rewards. Earn 10% on PhonePe spends, lounge access for travelers, and welcome benefits that offset your annual fee. Perfect for digital payment enthusiasts.

10%
PhonePe Rewards
₹999
Annual Fee
2 Free
Lounge/Quarter
₹549
Welcome Value
PhonePe
HDFC ULTIMO
UPI CARD
**** **** **** 1111
VALID THRU
Card Holder
📱
10% PHONEPE
UPI POWERED

Why Choose PhonePe HDFC Ultimo Credit Card?

📱

10% PhonePe Rewards

Highest rewards on PhonePe spends including recharges, bills, travel bookings, and utilities (1,000 RP monthly cap)

🛒

5% E-commerce Rewards

5 reward points per ₹100 on Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, and Zomato (500 RP monthly cap)

📱

1% UPI Scan & Pay

1 reward point per ₹100 on all Scan & Pay UPI transactions (500 RP monthly cap)

✈️

Free Lounge Access

2 complimentary domestic airport lounge visits per quarter on ₹75,000 quarterly spend

🎁

Welcome Benefits

₹499 PhonePe gift voucher + ₹50 gift cards for 10 subsequent UPI transactions

💰

Simple Redemption

1 reward point = ₹1 when redeemed as cashback against card statement

Reward Points Calculator

📱 PhonePe Spends (10% Rewards)

₹1,000 recharges/bills100 RP (₹100 value)
₹5,000 travel booking500 RP (₹500 value)
₹10,000 monthly PhonePe1,000 RP (₹1,000 cap)

🛒 E-commerce Spends (5% Rewards)

₹2,000 Amazon/Flipkart100 RP (₹25 value)
₹10,000 online shopping500 RP (₹125 value)
₹5,000 food delivery250 RP (₹62.50 value)

Total Monthly Potential: ₹2,000 PhonePe rewards + ₹125 e-commerce rewards = ₹2,125 monthly value (with maximum caps applied)

Welcome Benefits Worth ₹549

First UPI Transaction

  • ₹499 PhonePe Gift Voucher50% of joining fee
  • On first RuPay UPI transactionVia PhonePe app
  • ValidityAs per voucher terms

Next 10 UPI Transactions

  • ₹50 PhonePe Gift Cards each₹50 × 10 = ₹500
  • Via scratch cardsPhysical delivery
  • On PhonePe UPI spendsExcluding first transaction

Total Welcome Value: ₹499 + ₹500 = ₹999 - Effectively offsetting your annual fee!

Domestic Lounge Access Benefits

Access Conditions

  • Complimentary visits2 per quarter
  • Quarterly spend requirement₹75,000 minimum
  • Applicable quartersAll 4 quarters
  • CoverageMajor Indian airports

Excluded Categories

  • • Cash advances
  • • Credit card fees/charges
  • • All EMI transactions
  • • Wallet reloads
  • • Gift cards
  • • Government payments

Annual Potential: 8 lounge visits per year for ₹3 lakh annual spend (₹75,000 × 4 quarters)

Reward Points System

10 RP
PhonePe Spends
per ₹100 spent
Max 1,000 RP/month
5 RP
E-commerce
per ₹100 spent
Max 500 RP/month
1 RP
UPI Scan & Pay
per ₹100 spent
Max 500 RP/month
Redemption Value: 1 Reward Point = ₹1
Cashback against card statement • Minimum 500 RP for redemption

# PhonePe HDFC Bank Ultimo Credit Card: UPI Rewards

The PhonePe HDFC Bank Ultimo Credit Card offers accelerated rewards on UPI spends through the PhonePe app, along with other lifestyle benefits.

Keywords

- PhonePe HDFC Bank Ultimo Credit Card

- UPI credit card

- Rewards on UPI

FAQs

- Is PhonePe HDFC Bank Ultimo Credit Card: UPI Rewards still good?

Yes — it remains a strong choice if its benefits match your monthly spending (dining, shopping, travel or bill payments). Review joining/annual fees and waiver conditions before applying.

- Who should consider PhonePe HDFC Bank Ultimo Credit Card: UPI Rewards ?

Ideal for users whose top categories align with the card's strengths (e.g. online shopping, food delivery, travel, or fuel). Beginners should prefer low or lifetime-free annual fees.

- How do I maximise rewards/cashback with PhonePe HDFC Bank Ultimo Credit Card: UPI Rewards ?

Use the card on its accelerated categories, pay bills on time, and track monthly caps or partner-platform multipliers. Combine with issuer apps/portals where applicable.

Ready to Maximize Your UPI Rewards?

Join India's first UPI credit card with premium PhonePe rewards and travel benefits

Apply Now - ₹999 Annual Fee →₹549 welcome benefits • 10% PhonePe rewards • Free lounge access