Welcome to our comprehensive review of the HDFC Bank UPI RuPay Credit Card, a groundbreaking offering from the largest private sector bank in India. This credit card revolutionizes the way we make transactions by seamlessly integrating with UPI apps such as Paytm, Mobikwik, PhonePe, and Google Pay. HDFC Bank has taken a bold step forward by introducing the first-ever credit card that can be linked with UPI, providing customers with unparalleled convenience and easy credit access.
The UPI RuPay credit card aims to offer a safe and secure mode of payment through BHIM and other UPI apps, ensuring peace of mind for users. With this card, customers can make transactions with a virtual card, eliminating the need for a physical card to be delivered. This digital-first approach aligns with the evolving needs of modern consumers who prioritize speed, convenience, and enhanced security in their financial transactions.
In addition to its innovative features, the UPI RuPay credit card also provides attractive benefits to its users. Cardholders can enjoy up to 3% cashback on both UPI and regular transactions, enhancing their overall savings. This cashback scheme extends to select spending categories, further adding value to the card’s offerings.
Join us as we delve deeper into the features, benefits, and overall performance of the HDFC Bank UPI RuPay Credit Card. Whether you are a tech-savvy individual, a frequent UPI app user, or simply seeking a credit card that offers easy credit access, this review aims to provide you with valuable insights to make an informed decision.
HDFC Bank UPI RuPay Credit Card – Features and Benefits
Discover the groundbreaking features and enticing benefits of the HDFC Bank UPI RuPay Credit Card, which has set a new standard in digital payment convenience and rewards. This card offers a seamless integration with popular UPI applications like Paytm, PhonePe, Mobikwik, and more, allowing you to make payments effortlessly using your UPI ID. Here are the key features and benefits that make this card stand out:
- Virtual Card: The UPI RuPay credit card is issued exclusively in a virtual format, eliminating the need for a physical card. Upon approval, your card will be automatically registered in your HDFC Bank MyCards section, providing you with easy access to its details whenever you need them. This digital-first approach ensures utmost convenience and enhances security by reducing the risk of card theft or loss.
Spend-Based Fee Waiver By achieving a spending threshold of Rs. 25,000 or more in the previous year, you can qualify for a waiver of the renewal fee on your credit card.
Grace Period for Interest-Free Credit Enjoy approximately 50 days of interest-free credit on your credit card starting from the date of purchase. The specific duration may vary depending on the timing of the merchant’s charge submission.
Link with UPI Applications: Seamlessly link your UPI RuPay credit card with popular UPI applications such as Mobikwik, Paytm, BHIM, PhonePe, and more. By registering your card in these apps using your credit card PIN, you unlock a world of rewards and benefits. You can conveniently make UPI payments using your linked card and earn valuable Cashpoints.
To link your UPI RuPay credit card with your preferred UPI app, follow these simple steps:
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- Open the UPI app of your choice, whether it’s Paytm, PhonePe, Google Pay, or any other UPI-enabled app.
- Utilize your credit card PIN to register and link your UPI RuPay credit card within the app.
- Once successfully linked, you can start making UPI payments using your credit card and begin earning Cashpoints, further enhancing the value of your transactions.
HDFC Bank UPI RuPay Credit Card – Reward Points
Unlock a world of rewards and earn valuable Cashpoints with every transaction made using the HDFC Bank UPI RuPay Credit Card. Here’s how you can maximize your rewards:
- Cashpoints on Spends: Enjoy earning Cashpoints on both regular and UPI payments made with your UPI RuPay credit card. Let’s explore the tiered rewards structure:
- Earn an impressive 3% Cashpoints on grocery, supermarket, dining, and PayZapp spends. Please note that this cashback is capped at a maximum of 500 Cashpoints per month.
- Avail of 2% Cashpoints on utility spends, allowing you to earn rewards on your essential bills. Similar to the previous category, the maximum limit for Cashpoints is set at 500 per month.
- For other spends, including various categories, you can earn 1% Cashpoints. Again, the cap is set at a maximum of 500 Cashpoints per month.
- Exclusions on Reward Points: While the UPI RuPay credit card offers generous rewards, it’s essential to note the exclusions where Cashpoints will not be eligible. The following transactions do not qualify for earning Cashpoints:
- Fuel spends, ensuring that these specific transactions are not eligible for reward points.
- Rent payments and government-related transactions, which fall outside the scope of earning Cashpoints.
- Wallet loads, gift or prepaid card loads, and voucher purchases are excluded from the rewards program.
- Cash advances, including withdrawing cash using your credit card, do not contribute to Cashpoints accumulation.
- Payment of outstanding balances or card fees and other charges are also excluded from earning reward points.
- Lastly, all types of EMI transactions are not eligible for Cashpoints.
Make the most of your UPI RuPay credit card by utilizing it for eligible spends and enjoy the attractive Cashpoints rewards offered by HDFC Bank. Remember to review the exclusions to ensure a clear understanding of the transactions that do not qualify for earning Cashpoints. Start maximizing your rewards and enhance the value of your UPI and regular transactions with the HDFC Bank UPI RuPay Credit Card.
HDFC Bank UPI RuPay Credit Card – Rewards Redemption
Maximize the value of your earned Cashpoints with the flexible and rewarding redemption options provided by the HDFC Bank UPI RuPay Credit Card. Here’s how you can make the most of your rewards:
- Statement Balance Redemption: You have the option to redeem your Cashpoints against your card statement balance. For every 1 Cashpoint, you can enjoy a redemption value of Rs. 0.25. However, please note that a minimum of Cashpoints worth Rs. 500 is required to initiate the redemption process. Additionally, there is a maximum limit of 50,000 Cashpoints per month that can be redeemed in this category.
- Flight/Hotel Bookings and Gift Vouchers/Products Redemption: Another enticing redemption option allows you to utilize your Cashpoints for flight or hotel bookings, as well as for gift vouchers or products through the Smartbuy rewards portal. The conversion rate remains 1 Cashpoint = Rs. 0.25 for these categories as well. Here are the details:
- Flight/Hotel Bookings: You can redeem 50% of the booking value using your Cashpoints. The remaining amount must be paid using your UPI RuPay credit card.
- Gift Vouchers/Products: Enjoy redeeming 70% of the voucher or product value with Cashpoints. Similar to flight and hotel bookings, the remaining amount is payable using your credit card.
It’s important to note that there is a maximum limit of 50,000 Cashpoints per month that can be redeemed in the flight/hotel bookings and gift vouchers/products categories.
HDFC Bank UPI RuPay Credit Card – Fees and Charges
Discover the fees and charges associated with the HDFC Bank UPI RuPay Credit Card, ensuring transparency and clarity in managing your card finances. Here are the key details:
- Joining and Renewal Fee: The credit card requires a nominal joining and renewal fee of Rs. 250 plus applicable taxes. This fee grants you access to the exclusive features and benefits of the UPI RuPay credit card.
- Interest Rate: The card carries an interest rate of 3.6% per month, which translates to an annual interest rate of 43.2%. It’s important to manage your card usage responsibly to avoid accruing interest charges on outstanding balances.
- Forex Markup Charge: When using your UPI RuPay credit card for international transactions, a forex markup charge of 3.5% per transaction applies. This charge accounts for currency conversion and ensures smooth global usage of the card.
- Cash Withdrawal Fee: If you need to make a cash withdrawal using your UPI RuPay credit card, a fee of 2.5% of the withdrawal amount or Rs. 500, whichever is higher, is applicable. It’s advisable to minimize cash withdrawals as they may attract additional charges.
Understanding the fees and charges associated with your UPI RuPay credit card allows you to make informed financial decisions and manage your card usage efficiently. Be sure to review these details to ensure a clear understanding of the costs associated with owning and utilizing the HDFC Bank UPI RuPay Credit Card.
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FAQs
Can I link my HDFC Bank UPI RuPay Credit Card to multiple UPI apps?
Yes, you can easily link your UPI RuPay credit card to multiple UPI apps such as Paytm, PhonePe, Google Pay, and more. This allows you to enjoy the convenience of using your card across various UPI platforms.
Is there an interest-free period for the HDFC Bank UPI RuPay Credit Card?
Yes, you can enjoy an interest-free period of approximately 50 days on your credit card starting from the date of purchase. However, the duration may vary depending on when the merchant submits the charge.
Are there any fees associated with the HDFC Bank UPI RuPay Credit Card?
Yes, there are certain fees and charges associated with the UPI RuPay credit card, including a joining and renewal fee, an applicable interest rate, a forex markup charge for international transactions, and a cash withdrawal fee.
How do I earn Cashpoints with the HDFC Bank UPI RuPay Credit Card?
You can earn Cashpoints on both regular and UPI transactions made with your UPI RuPay credit card. The card offers varying cashback percentages on different spending categories such as groceries, dining, supermarket spends, and utility spends.
Conclusion
If you often use UPI for your payment requirements, the HDFC Bank UPI RuPay Credit Card is a perfect option. This credit card allows smooth integration with UPI apps, guaranteeing safe transactions. Additionally, it has a nominal annual fee and offers attractive advantages in the form of Cashpoints whenever you make regular transactions or use UPI with the card.
With the UPI RuPay credit card, you can earn a generous 3% cashback on groceries, dining, and supermarket spends. Additionally, you earn 2% cashback on utility spends, making it even more rewarding. Another perk of this card is the possibility of having the renewal fee waived if you spend Rs. 25,000 or more in the previous year.
Accumulated Cashpoints can be redeemed for various options at a conversion rate of 1 Cashpoint = Rs. 0.25. This flexibility allows you to choose rewards that suit your preferences. Whether it’s redeeming for travel, products, or other offerings, the UPI RuPay credit card ensures a valuable and personalized redemption experience.
Overall, the HDFC Bank UPI RuPay Credit Card is an excellent choice for individuals who frequently use UPI for their transactions. Its seamless integration, rewarding cashback structure, fee waiver option, and versatile redemption choices make it a compelling option for UPI users seeking convenience, security, and attractive benefits.
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