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HDFC Bank is the largest private sector bank in India, and it recently introduced the UPI RuPay credit card that allows cardholders to link the card with their UPI ID and make transactions on UPI apps like Paytm, Mobikwik, PhonePe, Google Pay, etc. This is the first time that a credit card can be linked with UPI and used to make transactions.

HDFC Bank launched this card to offer both convenience and easy credit to their customers as it allows safe and secure transactions on BHIM and other UPI apps. The UPI RuPay credit card offers up to 3% cashback on both UPI and regular transactions on certain spend categories. One thing about this card is that you just get it virtually, and no physical card will be delivered to you.

Read on to learn more about the credit card and its offerings.

HDFC Bank UPI RuPay Credit Card
(4.5/5)

Joining Fee

Rs. 99 + GST

Renewal Fee

Rs. 99 + GST

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

NA

Movie & Dining

3% Cashpoints on Dining spends

Rewards Rate

3% Cashpoints on groceries, dining, and supermarket spends2% Cashpoints on utility spends1% Cashpoints on other spends, with some exclusions

Reward Redemption

The Cashpoints can be redeemed against card statement balance, hotel and flight ticket bookings, on the Smartbuy rewards portal, where 1 Cashpoints = Rs. 0.25

Travel

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Golf

NA

Insurance Benefits

NA

Spend-Based Waiver

Renewal fee is waived off on spending Rs.25,000 or more in the previous year

Rewards Redemption Fee

Rs. 99 plus taxes

Rewards Redemption Fee

Rs. 99 plus taxes

Foreign Currency Markup

3.5% of the transactions amount

Interest Rates

3.6% per month or 43.2% per annum

Fuel Surcharge

NA

Cash Advance Charges

2.5% of the withdrawal amount or Rs. 500, whichever is higher

  • 3% Cashpoints on supermarket, dining, grocery, and PayZapp spends
  • 2% Cashpoints on Utility spends
  • 1% Cashpoints on other spends excluding some spend categories
  • Up to 50 days of interest-free credit period
  • Renewal fee waiver on spending Rs. 25000 or more in the previous year

Pros

  • Earn CashPoints on both regular and UPI payments made with the credit card
  • Get up to 3% CashPoints on grocery, supermarket, dining, and PayZapp spends
  • The card is issued only virtually and there is no hassle of keeping the physical variant

Cons

  • There are not many benefits apart from the UPI payments and cashback
  • Many spend categories are excluded from earning cashback

HDFC Bank UPI RuPay Credit Card – Features and Benefits

The UPI RuPay Credit Card by HDFC Bank is the first one that can be linked to your UPI ID and used to make payments on apps like Paytm, PhonePe, Mobikwik, etc. You also get cashback on both regular and UPI transactions with this credit card. Let’s know more about the features and benefits of this card–

Virtual Card

The UPI RuPay credit card is only issued virtually, and you will not get any physical credit card to use. Your card will automatically be registered in your HDFC Bank MyCards section so that you can check out its details and use it conveniently whenever you wish to.

Link with UPI Applications

You can easily link the credit card with UPI applications like Mobikwik, Paytm, BHIM, PhonePe, etc., and be rewarded for UPI payments made with the card. Here is how you can link your card with the app –

  • Open Paytm, PhonePe, Google Pay, or any other UPI app
  • Use your credit card PIN to register the card in the app
  • Make UPI payments with your card and earn Cashpoints

Reward Points

You earn Cashpoints on both regular as well as UPI payments made with the card –

  • 3% Cashpoints on your grocery, supermarket, dining, and PayZapp spends, capped at 500 Cashpoints maximum every month
  • 2% Cashpoints on utility spends, capped at 500 Cashpoints maximum every month
  • 1% Cashpoints on other spends, capped at 500 Cashpoints maximum every month.

Exclusions on Reward Points

CashPoints shall not be eligible for the following spends on the card.

  • Fuel Spends
  • Rent Payments and Govt Related Transactions
  • Wallet loads / Gift or Prepaid Card loads/ Voucher purchase
  • Cash Advances
  • Payment of Outstanding Balances
  • Payment of card fees and other charges
  • All types of EMI transactions

Rewards Redemption

You can redeem Cashpoints against your card statement balance at 1 Cashpoint = Rs. 0.25, provided you have a minimum of Cashpoints worth Rs. 500. The maximum number of Cashpoints you can redeem in this category is 50000 per month.

Redeem Cashpoints against flight/hotel bookings or against gift vouchers or products at the Smartbuy rewards portal at 1 Cashpoint = Rs. 0.25. For flight/hotel bookings, you can redeem 50% of the value, and for products and vouchers, you can redeem 70% of the value with Cashpoints. The rest of the amount has to be paid with your credit card. Also, you can redeem 50000 Cashpoints maximum per month on these categories

Spend-Based Waiver

You can get the renewal fee of the credit card waived by spending Rs. 25,000 or above in the previous year.

Interest-Free Period

You get around 50 days of interest-free credit period on the credit card from the purchase date. It depends on when the merchant submits your charge.

HDFC Bank UPI RuPay Credit Card – Fees and Charges

Let us take a look at the fees and charges associated with the HDFC Bank UPI RuPay credit card –

  • The joining and renewal fee of the credit card is Rs. 99 plus taxes
  • The card charges an interest rate of 3.6% per month and 43.2% per annum
  • The card has a forex markup charge of 3.5% per transaction
  • The cash withdrawal fee with the card is 2.5% of the amount or Rs. 500, whichever is higher

Who Should Apply for the UPI RuPay Credit Card?

The HDFC UPI RuPay credit card is great for customers who make a lot of UPI transactions in their daily lives. The card offers them the ability to make UPI transactions, all while enjoying the benefits of a traditional credit card. You can earn cashback on both UPI as well as normal spends made with the card.

Also, you can use your credit card at small vendors and merchants who accept credit card payments. Do remember that you can only make merchant-to-merchant transactions using the HDFC UPI RuPay credit card.

HDFC Bank UPI RuPay Credit Card Review

If you are someone who regularly uses UPI for payments, then you can opt for the RuPay credit card, as it can be linked to UPI apps and can be used to make secure transactions. Available at a low annual fee, you get rewarded in the form of Cash Points whenever you make regular or UPI transactions using the credit card.

You can earn 3% on your groceries, dining, and supermarket spends and 2% on your utility spends. Also, you can get a renewal fee waiver on spending Rs. 25,000 or more in the previous year. The reward points you earn can be redeemed against a number of choices at 1 Cashpoint = Rs. 0.25. Therefore, the UPI RuPay credit card is a great choice for those who are regular UPI users.

FAQs:

Follow these steps to link your HDFC Bank RuPay UPI credit card with UPI apps -
  • Open any of the UPI appls like Paytm, Google Pay, Phone Pe, Mobikwik, etc.
  • Use your credit card pin to register the HDFC Bank UPI RuPay credit card in the application.
  • Start making UPI payments with your credit card.
The joining and renewal fee of the HDFC Bank RuPay UPI credit card is Rs. 99 plus taxes. You can get the renewal fee waived on spending Rs. 25,000 or above in the previous year.
With the HDFC Bank RuPay UPI credit card, you get up to 50 days of interest free credit period from the date of your purchase. The time period depends on when the merchant submits your charge.
With the HDFC Bank RuPay UPI credit card, you earn Cashpoints on both UPI payments as well as normal spends. You earn –
  • 3% Cashpoints on your grocery, supermarket, dining, and PayZapp spends, capped at 500 Cashpoints maximum every month
  • 2% Cashpoints on utility spends, capped at 500 Cashpoints maximum every month
  • 1% Cashpoints on other spends, capped at 500 Cashpoints maximum every month.
Yes, it is possible to withdraw cash using the HDFC Bank RuPay UPI credit card. The cash withdrawal charges are 2.5% of the withdrawal amount or Rs. 500, whichever is higher.
HDFC Bank UPI RuPay Credit Card

HDFC Bank UPI RuPay Credit Card

(4.5/5)

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