The PhonePe HDFC Bank Uno Credit Card is an entry-level co-branded credit card designed for users who frequently transact on the PhonePe app and other online platforms. It’s built on the RuPay network, which allows for seamless integration with UPI for “Scan & Pay” transactions.
Here’s a breakdown of its key features, benefits, fees, and application process:
Key Features and Benefits:
- Rewards Program:
- 2% Reward Points: On select PhonePe categories like recharges, utility bill payments, travel bookings (flights, bus, trains, hotels), and Pincode (PhonePe’s hyperlocal delivery app). Capped at 500 Reward Points per month.
- 1% Reward Points: On select online platforms like Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, and Zomato. Capped at 500 Reward Points per month.
- 1% Reward Points: On all “Scan & Pay” spends via UPI using the RuPay credit card. Capped at 500 Reward Points per month.
- Reward Point Redemption: * 1 Reward Point = ₹1 when redeemed as cashback against the statement balance (minimum 500 RPs required). This is a strong redemption value.
- 1 Reward Point = ₹0.30 for flight/hotel bookings on HDFC SmartBuy, Airmiles, and product catalogue.
- Reward points are valid for 1 year from the date of accumulation.
- Welcome Benefits:
- ₹249 (50% of joining fee) as a PhonePe Gift Card on your first RuPay Credit Card on UPI transaction on PhonePe app.
- Remaining ₹250 (spread as 10 PhonePe Gift Cards of ₹25 each) over the next 10 RuPay Credit Card on UPI transactions (minimum ₹100 each). This effectively offsets the joining fee in the first year.
- Fees and Waivers:
- Joining Fee: ₹499 + GST
- Annual Fee: ₹499 + GST
- Annual Fee Waiver: Waived if you spend ₹1,00,000 or more in the previous year.
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per statement cycle.
- UPI Integration: Being a RuPay card, it can be linked to UPI apps (including PhonePe, Paytm, Google Pay, etc.) for convenient “Scan & Pay” transactions.
- Card Management: You can manage your card settings, generate statements, set PIN, and more through HDFC Bank’s MyCards portal or NetBanking.
Who is it for?
The PhonePe HDFC Bank Uno Credit Card is a good fit for:
- Individuals who frequently use PhonePe for recharges, bill payments, and travel bookings.
- Those who regularly shop on major online platforms like Amazon and Flipkart.
- Users who prefer to make UPI payments and want to earn rewards on them.
- Individuals seeking an entry-level credit card with decent cashback/rewards, especially if they are new to credit cards.
How to Apply:
The application process for the PhonePe HDFC Bank Uno Credit Card is primarily digital and is available through the PhonePe app. You will need to fill out the application form and submit relevant documents as required by HDFC Bank for KYC completion. The card is being rolled out to eligible PhonePe users in phases.
Important Considerations:
- Reward Caps: Be aware of the monthly capping on reward points for each category (500 RPs per month for each 2% and 1% category).
- Excluded Spends: Reward points are generally not applicable on EMI spends, fuel transactions, wallet loads, gift card purchases, cash advances, credit card fees/charges, government transactions, rental payments, education fees, insurance, investments, and jewellery purchases.
- No Lounge Access: Unlike its premium counterpart, the PhonePe HDFC Bank Ultimo Credit Card, the Uno variant does not offer complimentary airport lounge access.
If you are a heavy PhonePe user and value cashback on your digital transactions, the PhonePe HDFC Bank Uno Credit Card can be a rewarding option, especially given that its joining fee is effectively covered by the welcome benefits.
