PhonePe HDFC Bank Credit Cards

Lounge access

• PhonePe HDFC Bank Ultimo Credit Card: two complimentary domestic lounge access every calendar quarter, plus additional two complimentary domestic lounge access (excluding first quarter of card issuance) on minimum spends of ₹75,000 in previous calendar quarter.
• Cash advances, credit card fees/charges and all EMI spends are not eligible for lounge access.

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Forex markup

Foreign Currency Transactions: 3.5% of transaction value (both Ultimo and Uno).

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Charge

• Cash advance fee: 2.5% or ₹500 whichever is higher.
• Finance charges: 1.99% per month (23.88% annually).
• Over Limit charges: not applicable (no over limit facility provided for this card).
• Payment Return Charges: 2% of payment amount, min ₹450.
• Late Payment Charges (w.e.f 1st Aug'24): Nil up to ₹100.
• ₹100 (₹101-500).
• ₹500 (₹501-1,000).
• ₹600 (₹1,001-5,000).
• ₹750 (₹5,001-10,000).
• ₹900 (₹10,001-25,000).
• ₹1,100 (₹25,001-50,000).
• ₹1,300 (>₹50,000).
• Dynamic currency conversion Markup Fee (w.e.f 15th May 2026): 1.75% on transactions in Indian Currency at an international location or at merchants located in India but registered overseas.
• Add-on Card Fee: Lifetime Free.
• Reissue of Lost/Stolen/Damaged Card: ₹199 for non-metal cards.
• Cash Processing Fee: ₹100.
• Rewards Redemption Fee: ₹99 per redemption request.
• Balance Transfer Processing Charges: 1% of BT amount or ₹250 whichever higher.
• Rent Pay: 1% fee, capped ₹4999/txn.
• Fuel charges: 1% on fuel txn exceeding ₹15,000, capped ₹4999/txn.
• Utility charges: 1% on utility spends exceeding ₹50,000/month, capped ₹4999/month.
• Education (third-party apps): 1% capped ₹4999/txn.
• Online Skill based Gaming (w.e.f 1st July 2025): 1% on spends exceeding ₹10,000/month, capped ₹4999/month.
• Wallet Loading excl PayZapp (w.e.f 1st July 2025): 1% on spends exceeding ₹10,000/month, capped ₹4999/month.
• Railway Ticket Purchase Fee: 1% + GST.

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Interest-free period

• Interest free (grace) credit period could range from 20 to 50 days subject to the scheme applicable on the specific Credit Card.
• Not applicable if previous month's balance not cleared in full or if cash withdrawn from ATM.

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Fuel surcharge waiver

• 1% fuel surcharge waiver on minimum transaction of ₹400 & maximum transaction of ₹5000.
• Maximum waiver of ₹250 per statement cycle.
• Reward Points not accrued on fuel transactions.

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Milestone benefit

• Up to 8 complimentary domestic airport lounge visits per year (2 per calendar quarter), unlocked on spending ₹75,000 or more in the previous calendar quarter.
• Additional two complimentary domestic lounge access per quarter (excluding first quarter of card issuance) on min spends of ₹75,000 in previous calendar quarter.
• Excluded spends: cash advances, credit card fees/charges, all EMI spends.

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Reward cap

• For PhonePe HDFC Bank Ultimo/Uno, Reward Points/CashPoints earned on transaction amounts in multiples of ₹100.
• Residual amount or transaction below ₹100 will not earn CashPoints.
• Select PhonePe categories capped at 1000 Reward Points per calendar month.
• Insurance transactions capped at 2000 Reward Points per month.

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Reward exclusion

Verified · HDFC Bank Credit Card MITC (Most Important Terms & Conditions) – English · 2026-08-05 · source

Eligibility

• Nationality: Indian.
• Age: 21 to 65 years.
• Application only through the PhonePe App.
• No offline or web-based application process.
• Final application decision, variant (Ultimo or Uno) and credit limit subject to Bank's internal policies.

Verified · PhonePe HDFC Bank Credit Cards product page · 2026-08-05 · source