Swiggy HDFC Bank Credit Card

HDFC Bank is the top credit card issuer in India, offering a variety of cards for different needs such as premium, travel, fuel, and shopping. Recently, HDFC collaborated with Swiggy to launch the Swiggy HDFC Bank credit card, a first-of-its-kind partnership.

With a modest joining fee of Rs. 500 plus taxes, this credit card is especially attractive for frequent Swiggy users who regularly order food online. Users can save up to 6.8% on annual expenses exceeding Rs. 2 Lakhs. As a welcome bonus, cardholders receive a complimentary 3-month Swiggy One membership and can earn up to 10% cashback on Swiggy purchases.

Joining Fees: | Annual Fees:

Rs. 500 + GST | Rs. 500 + GST

Reward Type:

Reward Points

Suited For:

Food | Dining

Issued on:

Mastercard | RuPay

Rating:

4.5/5

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Fees and Charges

Fees: - Joining Fee: Rs.500+GST Renewal Fee: Rs. 500 + GST
Best Suited For: - Dining | Food
Reward Type: - Cashback
Welcome Benefits: - Swiggy One membership complimentary for 3 months.
Interest Rates: - 3.6% per month (43.2% annually)
Spend Based Waiver: - Waiver of renewal fees upon spending Rs. 2 lakhs within the year
Fuel Surcharge: - NA
Reward Redemption Fee:- Nil
Foreign Currency Markup: - 3.5% of the total transaction amount (plus applicable taxes)
Cash Advance Charges: - 2.5% of the total transaction value, with a Rs. 500 minimum fees
Add-on Card Fee: - Nil

Reward and Benefits

Movie & Dining: - 10% Cashback on food orders, Instamart, Dineout, and other purchases made by using the Swiggy app.
Rewards Rate: - 1% cashback on other categories, 5% cashback on online purchases, and 10% cashback across the Swiggy app
Rewards Redemption: - Automatically, the cardholders' Swiggy money accounts are credited with the cashback you earned.
Travel: - Up to 5% cashback is available at merchants like Ola and Uber.
Domestic Lounge Access: - NA
International Lounge Access: - NA
Insurance Benefits: - NA
Golf: - NA
Zero Liability Protection: - If the card is reported lost or stolen within time to the bank, the cardholder will not be held responsible for any fraudulent transactions.

Product Details

5% Cashback on online spends across top brands.
10% Cashback across the Swiggy app, including food delivery, groceries, and more.
Complimentary 3-Month Swiggy One Membership for free delivery and extra discounts.
1% Cashback on all other spending categories.

Pros/Cons

Pros

Earn up to ₹1,500 cashback monthly on online shopping.
Enjoy 10% cashback on Swiggy orders (food, groceries, and more).
Get a complimentary 3-month Swiggy One membership (exclusive discounts and benefits).

Cons

Cashback can only be redeemed on the Swiggy app.
No airport lounge access included.
High foreign currency markup (3.5%).

Swiggy HDFC Bank Credit Card Features & Benefits

Swiggy HDFC Bank credit card benefits. Here's a breakdown:

Welcome Offer:

Get a complimentary 3-month Swiggy One membership upon card activation.
Existing Swiggy One member get their membership extended by 3 months.

To activate your card:

Make a purchase using the card.
Set up your card PIN and enable desired features like online transactions through OTP or IVR.

Renewal Fee Waiver:

Spend Rs. 2 lakhs within a year to avoid the Rs. 500 annual fee.
Excludes cash advances, balance transfers, and cash on call.

Swiggy HDFC Bank Credit Card Fees and Charges

Here's a summary of the fees and charges associated with the Swiggy HDFC Bank credit card:

Joining Fee: Rs. 500 + GST
Annual Fee: Rs. 500 + GST (waived if you spend Rs. 2 lakhs in a year)
Interest Rate: 3.6% per month (43.2% per year)
Cash Advance Fee: 2.5% of the amount or Rs. 500 (whichever is higher)
Foreign Transaction Fee: 3.5% of the transaction amount

Swiggy HDFC Bank Credit Card Cashback

The Swiggy HDFC Bank credit card offers a tiered cashback program, rewarding you for various spending categories:

Swiggy Spends (10% Cashback):

Earn 10% cashback on Swiggy app transactions, including:

Food ordering
Groceries (Instamart)
Restaurant reservations (Dineout)
Errand services (Genie)

Maximum cashback per month: Rs. 1500

Exclusions: Swiggy Money Wallet, Swiggy Minis, Swiggy Liquor, transactions below Rs. 100

Online Spends (5% Cashback):

Earn 5% cashback on online purchases across various categories:

Apparel
Electronics
Entertainment
Home Decor
Department stores
Personal care
Medical stores
Local cabs
Pet stores
Discount stores.

Maximum cashback per month: Rs. 1500

Other Spends (1% Cashback):

Earn 1% cashback on all other card purchases.
Maximum cashback per month: Rs. 500
Exclusions: Fuel, rent, wallet top-ups, EMIs, jewelry, government transactions

Cashback Redemption:

Cashback is credited as Swiggy Money, usable only on the Swiggy app.
Download the Swiggy app and link your credit card to redeem cashback.
Swiggy Money can be used for food orders, groceries, Genie, and restaurant reservations.
Swiggy Money expires after 1 year from the date of earning.

Swiggy HDFC Bank Credit Card Eligibility Criteria

To be eligible for the Swiggy HDFC Bank credit card, you must meet the following criteria:

Age: 21-60 years old (salaried) or 21-65 years old (self-employed)
Citizenship: Indian citizen

Income:

Salaried: Minimum monthly salary of Rs. 25,000
Self-employed: ITR of Rs. 6 lakhs or more per year

Swiggy HDFC Bank Credit Card Additional Features

Here's a summary of the additional benefits of the Swiggy HDFC Bank credit card:

Interest-free credit period: Up to 50 days on purchases, allowing you to make payments without incurring interest charges.
Zero lost card liability: You won't be responsible for unauthorized transactions if you report a lost or stolen card promptly.
Revolving credit: Benefit from a line of credit that replenishes as you pay your balance.
Add-on cards: Get up to 3 free cards for your family members.

Swiggy HDFC Bank Credit Card Review:

Here's a concise summary of the Swiggy HDFC Bank credit card:

Co-branded card with Swiggy, offering:

10% cashback on Swiggy spends (capped at Rs. 1500 per month)
5% cashback on online spends with various brands (capped at Rs. 1500 per month)
Complimentary 3-month Swiggy One membership (worth Rs. 1199)
Cashback earned as Swiggy Money, redeemable within the Swiggy app.
Apply through the Swiggy app or HDFC Bank.
Mastercard network with World Tier benefits.

Overall, a good option for frequent Swiggy users who want to save on food and other online purchases.

What do you think about Swiggy HDFC Bank 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 you link your Swiggy HDFC Bank Card to the Swiggy app?

Here's a simplified way to link your Swiggy HDFC Bank card to the Swiggy app:

Open the Swiggy app and tap your profile picture in the top right corner.
Select "Accounts" and then "Credit Card."
Choose "Swiggy HDFC Bank Credit Card" and look for "Link your Card to Swiggy" at the bottom.
Enter your registered mobile number and the verification OTP.
Your card will be linked successfully.

How can I use the credit card cashback I earned?

The cashback accrued with this card is provided as Swiggy Money, usable for all transactions within the Swiggy app. To redeem the cashback, choose Swiggy Money as your payment method on the app. Ensure your credit card is linked to the Swiggy app to utilize Swiggy Money. Additionally, please be aware that Swiggy Money is valid for one year from the earning date, so it's essential to utilize it before it expires.

Is Swiggy One subscription available with the credit card?

Yes! The Swiggy HDFC Bank credit card offers a complimentary 3-month Swiggy One membership, extending to 3 extra months if you're already a member. Remember to activate your card as per the guidelines to enjoy this benefit.

What is the cashback rate on the credit card?

Up to 10% cashback on Swiggy spends (max Rs. 1500/month).
5% cashback on online purchases from various retailers (max Rs. 1500/month).
1% cashback on all other card purchases (max Rs. 500/month).

Ideal for regular Swiggy users and online shoppers seeking savings on everyday expenses.

Swiggy HDFC Bank Credit Card
Rating: 4.5/5