HDFC BANK · CHECKED 21 OCT 2026
PhonePe HDFC Bank Ultimo Credit Card
Short answer
PhonePe HDFC Bank Ultimo Credit Card earns its highest rewards on AJIO (5% as Reward Points), Amazon (5% as Reward Points) and Flipkart (5% as Reward Points). It has a joining fee of ₹999 and an annual fee of ₹999 and pays rewards as Reward Points. Fee waiver: annual fee waived after ₹2,00,000 of spend in the previous year (cash advances, card fees and charges and EMI spends don't count).
Key facts
| Bank | HDFC Bank |
|---|---|
| Network | RuPay |
| Still issued? | Yes |
| Joining fee | ₹999 |
| Annual fee | ₹999 |
| Fee waiver | Annual fee waived after ₹2,00,000 of spend in the previous year (cash advances, card fees and charges and EMI spends don't count). |
| Rewards paid as | Reward Points |
| One point is worth | ₹1 |
| How the points are used | Statement credit at ₹1 a point in HDFC NetBanking (from 500 points, up to ₹7,500 a month); points last 2 years |
| Other ways to use the points | SmartBuy flights, hotels, airmiles or the catalogue (₹0.3 each) |
| Checked on | 21 Oct 2026 |
Official page: HDFC Bank
Rewards in every app
| App | Reward | Min. order | Limit | Rank |
|---|---|---|---|---|
| AJIOFashion | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #4 of 50 |
| AmazonOnline shopping | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #4 of 50 |
| FlipkartOnline shopping | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #5 of 50 |
| MyntraFashion | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #6 of 50 |
| SwiggyFood delivery | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #7 of 50 |
| UberCabs | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #4 of 50 |
| ZomatoFood delivery | 5% as Reward Points | — | Up to ₹500 per calendar month (one limit shared with the card's other apps at this rate) | #7 of 50 |
| Airtel ThanksBills and recharges | Earns nothing here | — | — | #45 of 50 |
| Apollo 24|7Pharmacy | Earns nothing here | — | — | #50 of 50 |
| BigBasketGrocery | Earns nothing here | — | — | #50 of 50 |
| BlinkitQuick commerce | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| BookMyShowMovies and events | Earns nothing here | — | — | #50 of 50 |
| CleartripTravel | Earns nothing here | — | — | #50 of 50 |
| DistrictMovies and events | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| Domino'sFood delivery | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| GoibiboTravel | Earns nothing here | — | — | #50 of 50 |
| IRCTC Rail ConnectTrain tickets | Fee is more than the reward | — | — | #31 of 50 |
| ixigoTravel | Earns nothing here | — | — | #49 of 50 |
| JioMartGrocery | Earns nothing here | — | — | #50 of 50 |
| MakeMyTripTravel | Earns nothing here | — | — | #50 of 50 |
| MeeshoOnline shopping | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| NykaaBeauty | Earns nothing here | — | — | #50 of 50 |
| PVR INOXMovies and events | Earns nothing here | — | — | #50 of 50 |
| Reliance DigitalElectronics | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| Swiggy InstamartQuick commerce | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| Tata CLiQFashion | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| Tata NeuOnline shopping | Earns nothing here Cardholder reports | — | — | #50 of 50 |
| ZeptoQuick commerce | Earns nothing here | — | — | #50 of 50 |
Where other cards earn more
- Airtel Thanks:Airtel Axis earns 25% back, against earns nothing here on PhonePe Ultimo.
- BigBasket:HSBC Live+ earns 10% back, against earns nothing here on PhonePe Ultimo.
- Blinkit:Airtel Axis earns 10% back, against earns nothing here on PhonePe Ultimo.
- BookMyShow:Axis Neo earns 10% off, against earns nothing here on PhonePe Ultimo.
- District:Airtel Axis earns 10% back, against earns nothing here on PhonePe Ultimo.
- Domino's:HSBC Live+ earns 10% back, against earns nothing here on PhonePe Ultimo.
Questions people ask
Where does PhonePe Ultimo earn the most?
PhonePe HDFC Bank Ultimo Credit Card earns its highest rewards on AJIO (5% as Reward Points), Amazon (5% as Reward Points) and Flipkart (5% as Reward Points).
What is the annual fee of PhonePe Ultimo, and can it be waived?
PhonePe Ultimo has a joining fee of ₹999 and an annual fee of ₹999. Annual fee waived after ₹2,00,000 of spend in the previous year (cash advances, card fees and charges and EMI spends don't count).
How much is one PhonePe Ultimo point worth?
About ₹1 each when used as the bank shows first: Statement credit at ₹1 a point in HDFC NetBanking (from 500 points, up to ₹7,500 a month); points last 2 years. Other options: SmartBuy flights, hotels, airmiles or the catalogue (₹0.3 each).
Is PhonePe Ultimo still available?
Yes, the bank still issues it to new customers.
Rewards are as per HDFC Bank’s published terms on the date shown and can change. Pickkard isn’t a bank and isn’t connected to HDFC Bank. Check the official page before applying.