PhonePe HDFC Credit Card Review 2025
Phonape HDFC credit card is a new generation co-branded credit card launched by HDFC bank in collaboration with India’s leading online payments platform Phonape. The card is designed to enable everyday digital transactions – especially transactions done on the Phonape app. But how different is it from 100 other cards? We will discuss this in this detailed review.
What Is a Co-Branded Credit Card?
In simple terms, a co-branded credit card is a partnership between a financial institution (like HDFC Bank) and a brand or platform (like PhonePe), where the two come together to create a card that benefits customers in a unique way.
Why PhonePe Partnered with HDFC Bank
PhonePe has over 50 crore users in India. HDFC is one of the most trusted banks in India. Combining PhonePe’s user base and HDFC’s banking strength, this card will transform the way we earn cashback on UPI payments and mobile billing.
Key Features of PhonePe HDFC Credit Card
5% cashback on phone using Phonepe HDFC credit card
When you transact on the phone app by phonepe HDFC credit card, you get 5% cashback on eligible categories, including:
- mobile charges
- utility bill payments
- DTH, broadband
- travel booking via phone
🔸 1% cashback everywhere
Outside the phone ecosystem, you get 1% cashback on any categories such as:
- online shopping
- going out to eat
- money, grocery items (with a coupon)
🔸 1% green money waiver
Available at all petrol pumps for transactions between ₹400-₹5000,
Explained Cashback Structure
Where You Earn the Most
- PhonePe spends: 5% cashback
- Other online/offline spends: 1% cashback
- Fuel: Waiver, not cashback
Categories Excluded
- Wallet loads (Paytm, Amazon Pay)
- Rent payments
- Government-related spends
- EMIs and cash withdrawals
Monthly Cashback Cap
- ₹1000/month on PhonePe spends
- ₹500/month on all other spends combined
Annual Fee and Charges
Charge Type | Amount |
Joining Fee | ₹500 + GST |
Renewal Fee | ₹500 + GST (waived on ₹50K/year spend) |
Interest Charges | 3.6% p.m. (~43.2% annually) |
Late Payment Fee | ₹100 to ₹1300 (based on due) |
Foreign Markup | 3.5% |
Fee is waived on yearly spend of just ₹50,000—very reasonable!
Welcome Benefits
As a welcome gift, you get Phonepe HDFC credit card:
- ₹500 cashback in your PhonePe wallet after the first transaction
- Access to PhonePe Switch Offers with special discount codes
💡 Cashback is usually credited within 60 days of card activation.
Rewards Redemption Process
The cashback earned is auto-credited to your PhonePe wallet as real money. No need to redeem points or visit any portal—simple and fast.
You can use this cashback for:
- Mobile recharges
- Paying bills
- PhonePe Switch shopping
QR code transactions
Application Process – How to Apply
- Go to PhonePe App
- Tap on “Credit Cards” section
- Fill in your PAN, Aadhaar, and address
- Upload income proof (if required)
- Wait for approval SMS/email
Who Should Get This Card
Ideal For:
- Regular PhonePe users
- Those who pay bills, recharge, book travel online
- Anyone looking for a low-fee cashback card
Not Ideal For:
- High international spenders
- Travel or lounge access seekers
- Those who don’t use PhonePe much
Tips to Maximize Cashback
- Use it only for PhonePe bill payments, not random spends
- Hit ₹50K/year to waive annual fee
- Don’t use it for wallet loads or rent
- Combine with HDFC SmartBuy offers for bonus value
Security & Support
- Manage Phonepe HDFC credit card via PhonePe app
- Set transaction limits
- Get real-time SMS & app alerts
- 24×7 support via PhonePe or HDFC helpline
Final Verdict – Is It Worth It in 2025
Absolutely! The PhonePe HDFC Credit Card is a no-brainer if you already use PhonePe regularly. It’s simple, rewarding, and affordable—perfect for bill payers, rechargers, and cashback lovers.
If you’re looking for travel perks, this isn’t it. But if “save while you spend” is your mantra, this card delivers.
nice blog post thankyou.