PhonePe HDFC Bank Uno Credit Card
Co-branded
Reward Points
1st Year Fee: ₹499* Plus Applicable Taxes
Co-branded
2% rewards on PhonePe spends
Shopping
1% rewards on popular brands
Rewards
1% rewards on all other spends
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About PhonePe HDFC Bank Uno Credit Card
PhonePe HDFC Bank Uno Credit Card is the base variant among the two co-branded cards offered by HDFC Bank in partnership with PhonePe. It offers a 2% reward rate on select PhonePe spends such as recharges, utility bill payments, movies, hotels, travel, and more. In addition, cardholders can earn a base reward rate of 1% on popular online brands including Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, and Uber, covering major day-to-day categories like shopping, dining, travel, and entertainment.
While this HDFC credit card is primarily designed to offer accelerated benefits on PhonePe spends, the monthly capping on rewards points on each category and the lack of reward points on offline or in-store spends limit the overall value. Also, unlike most cards that offer welcome benefits at once, this card offers multiple PhonePe gift cards spread over 10+ transactions, which may not be ideal for all consumers.
Similar to the premium variant (PhonePe HDFC Bank Ultimo Credit Card), this card also offers rewards on UPI spends. However, it does not offer any travel or lifestyle benefits such as lounge access and offers limited benefits beyond the rewards program. Overall, this card is suitable for consumers seeking an entry-level card with basic benefits.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit HDFC Bank’s website.
Rewards Program
Reward Earning
- 2% reward points on select PhonePe spends, including recharges, utilities, bill payments, movies, hotels, travel & PhonePe PINCODE and travel switch categories on PhonePe, capped 500 points per month
- 1% reward points on Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato and Uber, capped at 500 points per month
- 1% reward points on all Scan & Pay spends, up to 500 points per month1
Reward Redemption
- 1 Reward Point = Rs. 1 against cashback2
Other Features and Benefits
Welcome Benefits
- PhonePe Gift card worth Rs. 249 (50% of the joining fee) on the first UPI transaction3
- 10 PhonePe Gift cards worth Rs. 25 each (Remaining 50% of the joining fee) over the next 10 UPI transactions3
Renewal Fee Waiver
- Renewal fee waiver on spending Rs. 1 Lakh in a year
Fuel Surcharge Waiver
- 1% fuel surcharge waiver (Up to Rs. 250 per month) on fuel transactions between Rs. 400 and Rs. 5,000
PhonePe HDFC Bank Uno Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 499 + Applicable Taxes | ||||||||||||||||||
| Annual Fee | Rs. 499 + Applicable Taxes | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if
You prefer to make recharges, bill payments, and travel bookings via PhonePe
You frequently shop online from brands like Amazon, Flipkart, Myntra, and more
You are looking for an entry-level credit card that offers benefits on UPI transactions
You prefer to redeem accumulated reward points against cashback
Other Similar Cards
Paytm HDFC Credit Card
Airtel Axis Credit Card
Axis ACE Credit Card
Paisabazaar Review
What do we like about this card?
PhonePe HDFC Bank Uno Credit Card offers 2% reward rate on PhonePe spends, along with a base reward rate of 1% on popular online brands like Amazon, Myntra, Flipkart, and on all Scan & Pay transactions. Cardholders can redeem the accumulated rewards against cashback at a 1:1 ratio. This credit card is a good option for consumers who prefer to spend via PhonePe and want to earn decent value-back on those spends. Another notable benefit is that the card is available on the RuPay variant, allowing cardholders to earn rewards on UPI transactions as well.
Pros
- Accelerated rewards on recharges, bill payments, and travel spends via PhonePe
- 1% rewards on popular online brands like Amazon, Flipkart, Swiggy & Myntra
- 1:1 reward redemption value against cashback
- Easily achievable milestone for annual fee waiver
- No reward redemption fee on redemption against cashback
Cons
- No cashback on offline or in-store spends
- Monthly capping on reward points and cashback
- Lacks travel and lifestyle related benefits like lounge access
- Welcome benefits are split across the first 10+ transactions
Conclusion
With accelerated rewards on PhonePe spends and a 1:1 reward redemption value, this card stands out among other entry-level credit cards. However, the card has a few limitations. It does not offer benefits on offline or in-store spends and comes with monthly capping on each spending category, which limits the overall value. Additionally, the welcome benefits are spread across 10+ transactions instead of being offered upfront, which may not be ideal for some consumers. Overall, it is a suitable choice for consumers looking for a basic entry-level card.
Frequently Asked Questions
Everything you need to know about this credit card
You can apply for this credit card only through the PhonePe app. You will need to fill out the application form and submit the relevant documents to proceed. There is no offline or website-based application process available for this card.
Yes, you can link your PhonePe HDFC Bank Uno Credit Card with other UPI apps such as Paytm, Google Pay, and more to make UPI payments.
Yes, reward points earned on this credit card come with a validity of 1 year. For example, reward points earned on 10 March 2025 will expire on 10 March 2026.
No, this credit card does not offer rewards on select categories, including EMI transactions, fuel purchases, wallet loads, gift cards, cash advances, credit card bill payments, card fees and charges, government transactions, rent payments, education fees, insurance, investments, and jewellery purchases.
Yes, you can redeem accumulated reward points against cashback at a rate of 1 Reward Point = Rs. 1. Additionally, there is no reward redemption fee levied when redeeming against cashback.
Footnotes
- EMI spends, Fuel transactions, Wallet load, Gift Card, Cash advances, Credit Card bill payment, Credit cards fees or any charges, Government transactions, Rental payments, Educations fees transactions, Insurance & Investment and Jewellery purchases are not eligible for earning reward points.
- Cardholders can earn a maximum cashback of Rs. 7,500 in a month.
- Minimum transaction of Rs. 100 is required to be eligible for welcome benefits.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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