HDFC Bank UPI RuPay Credit Card

The largest private sector bank in India, HDFC Bank, has launched the UPI RuPay credit card, which is the first of these types to be linked with UPI and be used to make payments on UPI apps such as Paytm, Mobikwik, PhonePe, Google Pay, and so on. Cardholders can link the credit card with their UPI ID.

The HDFC Bank UPI RuPay credit card offers up to 3% cashback on both UPI and regular transactions on certain spend categories. One thing about this card is that you just get it virtually; no physical card will be delivered to you. HDFC Bank launched this card to offer convenience and easy credit to their customers as it allows safe and secure transactions on BHIM and other UPI apps.

Continue reading to find out more about the credit card's features.

Joining Fees: | Annual Fees:

Rs. 99+GST | Rs. 99+GST

Reward Type:

Reward Points

Suited For:

Shopping

Issued on:

RuPay

Rating:

4.3/5

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Fees and Charges

Fees: - Joining/Annual 99+GST
Best Suited For: - Shopping
Reward Type: - Reward Points
Welcome Benefits: - NA
Fee on Reward Redemption: - 99 plus taxes
Interest Rates: - 3.6% per month (43.2% annually)
Spend Based Waiver: - If you spent at least Rs. 25,000 in the past year, the renewal fee is waived.
Fuel Surcharge: - NA
Foreign Currency Markup: - 3.5% of the total transaction value (plus applicable taxes)
Cash Advance Charges: - 2.5% (Min. Rs. 500) of the withdrawn amount.
Add-on Card Fee: - Nil

Reward and Benefits

Movie & Dining: - Cashpoints: 3% on Dining Spending
Rewards Rate: - 1% Cashpoints on other expenses, based on specific restrictions; 3% Cashpoints on groceries, dining venues, and grocery transactions; 2% Cashpoints on electric bills.
Rewards Redemption: - On the Smartbuy rewards system, the Cashpoints can be redeemed for hotel and airline tickets, as well as the amount on credit card statements. 1 Cashpoint is worth Rs. 0.25.
Travel: - NA
Domestic Lounge Access: - NA
International Lounge Access: - NA
Insurance Benefits: - NA
Golf: - NA
Zero Liability Protection: - If a cardholder reports a loss or theft of their card in time, they are not responsible for fraudulent transactions.

Product Details

3% Cashpoints on PayZapp, restaurants, groceries, and supermarket transactions.
2% Cashpoints on Utility Expenses.
1% Cashpoints on additional purchases, excluding certain product categories.
Interest-free credit for up to 50 days.
Waiver of renewal fees if you spent more than Rs. 25,000 in the previous year.

Pros/Cons

Pros

Earn Cashpoints when using the credit card for both regular and UPI payments.
Get up to 3% Cashpoints on purchases made with PayZapp, groceries, and supermarkets.
The card is only issued digitally, therefore maintaining the physical version is not a hassle.

Cons

Apart from cashback and UPI payments, there are not many advantages.
A lot of spend categories do not qualify for cashback.

HDFC Bank UPI RuPay Credit Card Features and Benefits

Let us learn more about the features and benefits of this card. The UPI RuPay Credit Card by HDFC Bank is the first that can be linked to your UPI ID and used to make payments on apps like Paytm, PhonePe, Mobikwik, etc. You also get cashback on both regular and UPI transactions with this credit card.

Virtual Credit Card:

The UPI RuPay credit card is only issued Virtually; you will not receive a physical credit card to use. Your card will be automatically registered in your HDFC Bank MyCards section, where you can view its details and use it whenever you want.

Reward Points:

You earn cashpoints on both regular and UPI payments made with the card.

3% Cashpoints on your PayZapp, dining, grocery, and supermarket purchases; monthly maximum of 500 Cashpoints
2% Cashpoints on utility payments, with a monthly maximum of 500 Cashpoints
1% Cashpoints on additional purchases, up to a monthly maximum of 500 Cashpoints.

Reward Point Conditions:

Cashpoints cannot be earned for the following card transactions.

Spends on Fuel
Govt Related and rent payment transactions.
Cash advances, gift or prepaid card loads, wallet loads, and voucher purchases.
Outstanding balances payment
The payment of other fees and card fees
Every kind of EMI transaction

Rewards Points Redemption:

With a minimum of 500 Cashpoints, you can redeem Cashpoints against your card statement balance at 1 Cashpoint = Rs. 0.25. You can redeem up to 50000 Cashpoints each month in this category.
At the Smartbuy rewards portal, you can use Cashpoints to pay for products, gift cards, and flights. 1 Cashpoint is worth Rs. 0.25. You can use Cashpoints to redeem 50% of the value of flight and hotel bookings and 70% of the value of products and vouchers; the remaining amount must be paid with your credit card. You can use up to 50000 Cashpoints per month for these categories.

Waiver Based on Spending:

You can get the credit card renewal charge waived by spending Rs. 25,000 or more in the previous year.

Interest-Free Duration:

The credit card provides an interest-free credit period of approximately 50 days from the purchase date, depending on when the merchant files your charge.

Link to Applications on UPI:

The credit card can be linked to UPI applications such as Mobikwik, Paytm, BHIM, PhonePe, and more. This allows you to earn rewards for UPI payments made with the card. The process of linking your credit card to an app is as below:

Open any UPI app, such as Paytm, PhonePe, Google Pay, or others.
To register the card in the app, enter the PIN of your credit card.
Use your card to make UPI payments and earn Cashpoints.

HDFC Bank UPI RuPay Credit Card Fees/Charges

The fees and charges related to the HDFC Bank UPI RuPay credit card will be reviewed now.

The credit card comes with a 99-rupee joining and annual fees, plus taxes.
The interest rate on the card is 3.6% monthly and 43.2% annually.
3.5% forex markup is charged for each transaction made with the card.
2.5% of the amount or Rs. 500 is the cash withdrawal fee when using the card.

Who Should Apply for HDFC Bank UPI RuPay Credit Card?

The HDFC UPI RuPay credit card is an excellent choice for users who conduct a lot of UPI transactions on a regular basis. It allows users to conduct UPI transactions while still enjoying the benefits of a traditional credit card, such as cashback on both UPI and regular card purchases.

Also, you can pay with your credit card at local vendors and retailers that take credit cards. However, keep in mind that you can only use the HDFC UPI RuPay credit card for merchant-to-merchant transactions.

Review of the HDFC Bank UPI RuPay Credit Card

The RuPay credit card is a good choice if you regularly use UPI for payments because it can be linked to UPI apps and used for secure transactions. It has a low annual fee and offers rewards in the form of Cash Points for every regular or UPI transaction made with the credit card.

For those who use UPI regularly, the UPI RuPay credit card is a great option because it offers rewards such as 3% on groceries, dining out, and supermarket purchases, 2% on utility purchases, and a waiver of the renewal fee if you spent Rs. 25,000 or more in the previous year. The reward points you earn can be redeemed against a variety of choices at 1 Cashpoint = Rs. 0.25.

What do you think about HDFC Bank UPI RuPya Credit Card? Please tell us in the comments below. Please feel free to share your experience if you are now a cardholder.

FAQs:

How can I link UPI applications to my HDFC Bank RuPay UPI credit card?

To link your HDFC Bank RuPay UPI credit card to UPI applications, follow these steps:

Open any UPI application, such as Mobikwik, Paytm, Google Pay, Phone Pe, etc.
To register the HDFC Bank UPI RuPay credit card in the application, use your credit card pin.
Start using your credit card to make UPI payments.

What is the credit card's joining and renewal fee?

The HDFC Bank RuPay UPI credit card has a joining and renewal charge of Rs. 99 plus taxes; however, if you spent Rs. 25,000 or more on the card in the previous year, you can waive the renewal fee.

Does the credit card have an interest-free period?

You can receive an interest-free credit period of up to 50 days from the date of purchase with the HDFC Bank RuPay UPI credit card. The exact length of this period varies based on when the merchant submits your charge.

What is this credit card's reward rate?

You may earn Cashpoints on both UPI payments and regular spending with the HDFC Bank RuPay UPI credit card. You can earn —

3% Cashpoints can be earned for transactions made at groceries, supermarkets, restaurants, and PayZapp; the monthly maximum is 500 Cashpoints.
2% Cashpoints on utility payments, with a monthly maximum of 500 Cashpoints
1% Cashpoints on additional purchases, up to a monthly maximum of 500 Cashpoints.

Can I use this credit card to make cash withdrawals?

The HDFC Bank RuPay UPI credit card may be used to make cash withdrawals. The cash withdrawal fee is 2.5% of the amount withdrawn, or 500 rupees, whichever is higher.

HDFC Bank UPI RuPay Credit Card
Rating: 4.3/5