PhonePe and HDFC Bank have officially launched their co-branded RuPay Credit Card, designed to cater to the evolving financial needs of Indian consumers. This strategic partnership combines HDFC Bank's banking expertise with PhonePe's fintech strength, making credit cards more accessible and user-friendly.
The new line of credit cards offers exciting rewards and seamless UPI-enabled convenience, especially on the PhonePe Platform. Available in 'Ultimo' and 'UNO' variants, these cards provide significant benefits on popular spending categories.
Key Features & Benefits of the 'Ultimo' Variant:
- 10% Reward Points: Earn on PhonePe app spends across categories like bill payments, recharges, travel bookings via PhonePe, and purchases on Pincode (a hyperlocal delivery app by PhonePe).
- 5% Reward Points: Get on spending with leading online merchants.
- 1% Reward Points: Applicable on all UPI Scan & Pay transactions using the card.
- Airport Lounge Access: Two complimentary domestic airport lounge accesses per quarter.
Reward Redemption: 1 Reward Point = ₹1, redeemable as statement credit through the HDFC NetBanking portal.
Seamless Digital Application:
Eligible PhonePe users can apply for the co-branded credit card directly through a fully digital process on the PhonePe Mobile App. Once issued by HDFC Bank, users can link the card on PhonePe for merchant payments via UPI and manage their card, including paying monthly bills, all within the PhonePe app.
The card will be rolled out to eligible PhonePe users in a phased manner.
For more details, visit: PhonePe Press Release