PhonePe and HDFC Bank Launch New RuPay Credit Cards: Get Rewards, Lounge Access, UPI Payments & More

India’s leading digital payments app PhonePe has partnered with HDFC Bank, one of the country’s top private banks, to launch two new co-branded RuPay credit cards – UNO and ULTIMO.

These credit cards are designed to give users the best of both worlds: the flexibility of UPI payments and the power of credit card rewards. With features like cashback on recharges and shopping, free airport lounge access, and the ability to make UPI payments, these cards are made especially for modern Indian users who want ease, speed, and savings in their daily transactions.

Whether you’re a frequent PhonePe user or just looking for a smart way to earn rewards while spending, the new PhonePe HDFC RuPay credit cards offer an excellent solution. In this article, we’ll explore their features, benefits, fees, and how you can apply right from your PhonePe app.

NOTE 1 reward point = 1 rupee we consider(mention) reward point as cashback

Types of Credit Cards: UNO vs ULTIMO

PhonePe and HDFC Bank have introduced two RuPay credit card options—UNO and ULTIMO—designed to suit different spending habits and lifestyles. Both cards offer cashback on UPI payments, PhonePe rewards, and easy digital management, but they are built for different types of users with different percentage of benifits.

➤ UNO Credit Card – Best for small Spenders

The UNO Credit Card is designed for users who spend moderately but want regular rewards and PhonePe benefits without paying high fees.

Key Features:

• ₹499 joining fee
• Get ₹249 PhonePe gift voucher (50% of joining fee) as welcome benefit after first transaction
• ₹25 cashback × 10 UPI Scan & Pay transactions (₹250 total benefit)
• 2% cashback on PhonePe bill payments, recharges, travel bookings (Monthly Reward points cap: ₹500)
• 1% cashback on top apps like Amazon, Flipkart, Zomato, Myntra, Swiggy (Monthly Reward points cap: ₹500)
• 1% reward on UPI Scan & Pay transactions (Monthly Reward points cap: ₹500)
• Annual fee waived on spending ₹1,00,000 or more in a year
• Fully digital experience – apply and manage directly via PhonePe app

🟢UNO is a smart choice for students, young professionals, and daily UPI users who want rewards without overpaying on fees.

➤ ULTIMO Credit Card – Ideal for Heavy Users and Frequent Flyers

The ULTIMO Credit Card is built for users who spend frequently, travel often, and want to earn higher cashback and premium perks.

Key Features:

• ₹999 joining fee
• Get ₹499 PhonePe gift voucher (50% of joining fee) as welcome benefit after first transaction
• ₹50 cashback × 10 UPI Scan & Pay transactions (₹500 total benefit)
• 10% cashback on PhonePe recharges, bill payments, travel, and Pincode orders (Monthly Reward points cap: ₹1000)
• 5% cashback on Amazon, Flipkart, Swiggy, Zomato, Myntra, Uber (Monthly Reward points cap: ₹500)
• 1% reward on UPI Scan & Pay transactions (Monthly Reward points cap: ₹500)
• 2 free domestic airport lounge accesses per quarter (8/year)
• Annual fee waived on spending ₹2,00,000 or more in a year
• Manage everything inside the PhonePe app with instant updates

🟢 ULTIMO is perfect for frequent travelers, online shoppers, or those who want to maximize rewards from their monthly expenses.

Top Features of PhonePe HDFC Credit Cards

The PhonePe HDFC Bank RuPay Credit Cards—UNO and ULTIMO—are packed with features made for Indian users who want simple, rewarding, and digital-first payment options. Whether you’re paying bills or traveling, these cards offer unmatched convenience and savings.

➤ Easy Bill Payments via PhonePe App

Once your UNO or ULTIMO card is activated, you can easily pay electricity bills, recharge mobile phones, book tickets, and shop online—all directly from the PhonePe app.
You don’t need to switch apps or log into bank portals. Everything is managed within PhonePe, including card statements, payment due dates, and transaction history.

✅ No paperwork
✅ Instant updates
✅ Smart reminders and payments

➤ Lounge Access for Travel Lovers

If you choose the ULTIMO card, you get 2 free domestic airport lounge accesses per quarter—that’s 8 visits per year.
Enjoy peace, comfort, and free snacks at top Indian airports. Perfect for frequent flyers or business travellers looking for added comfort.

UNO card does not include lounge access, making ULTIMO a better pick for travelers.

➤ Use Credit for UPI Payments

This is one of the biggest features: you can now pay at any UPI QR code using your credit card—whether it’s a street vendor or a big store.
Just select your PhonePe HDFC credit card as the UPI payment option in the app.

✅ Helps manage cash flow
✅ Earns cashback on UPI payments
✅ Widely accepted across India

Eligibility and How to Apply for the Card

Getting a PhonePe HDFC Bank RuPay Credit Card is simple and fully online. If you use the PhonePe app regularly, you might already be eligible.

✅ Eligibility Criteria

To apply for the UNO or ULTIMO credit card, you must meet these basic conditions:

• Indian resident with valid Aadhaar and PAN card
• Age between 21 to 60 years
• Good credit score (generally above 700)
• Active PhonePe account and regular transaction history (preferred)
• Must have a source of income (job, business, etc.)

Note: Final eligibility is decided by HDFC Bank based on your profile.

📲 How to Apply Using the PhonePe App

Follow these easy steps to apply for your UNO or ULTIMO card:

1. Open the PhonePe app
2. Go to the Credit section or search “HDFC Credit Card” in the app
3. Select the card – UNO or ULTIMO – based on your needs
4. Check your pre-approved status (if eligible)
5. Fill in basic details like PAN, Aadhaar, employment info
6. Complete eKYC verification (no physical documents needed)
7. Submit and wait for instant approval or follow-up from HDFC Bank

Once approved, you will receive:

• A digital version of the card instantly
• A physical card delivered to your home in a few days

Everything from tracking, bill payments, reward history, and credit card settings is available inside the PhonePe app.

Fees, Charges, and Annual Waivers Explained

Before applying for the PhonePe HDFC Credit Card, it’s important to understand the fees, cashback limits, and how you can save money by getting the annual fee waived.

💳 Joining Fee and Welcome Benefits

👉 You get full value back equal to the joining fee after first few UPI transactions.

💰 Monthly Cashback Limits

Both UNO and ULTIMO have a monthly ₹2000 cashback cap, as per HDFC Bank’s terms

This cap covers:

• 2% or 10% on PhonePe spends
• 1% on Scan & Pay UPI
• 1% or 5% on select online brand spends

You can earn rewards across categories up to a total of ₹2000 per month.

🆓 Annual Fee Waiver

If you spend more during the year, you don’t have to pay the renewal fee next year:

• UNO: Spend ₹1,00,000/year → No renewal fee
• ULTIMO: Spend ₹2,00,000/year → No renewal fee

This is perfect for users who use credit cards regularly. Just use your card for daily UPI, bills, and shopping to reach the limit easily.

⚠️ Other Charges to Note

Tip: Always pay your bills on time to avoid these extra charges.

✅ In short, if used smartly, these cards offer great value and no hidden costs.
Should You Choose UNO or ULTIMO?

Final Thoughts: Is PhonePe HDFC Credit Card Worth It?

Yes, the PhonePe HDFC Bank RuPay Credit Cards—UNO and ULTIMO—are definitely worth considering, especially if you’re an active PhonePe user or someone who prefers digital payments via UPI.

These cards offer a rare combination:

• Use credit at any UPI QR code
• Earn cashback on everyday spending
• Manage everything inside the PhonePe app
• Free lounge access with ULTIMO
• 100% value back on joining fee

What makes these cards special is the simplicity. You don’t need to be a financial expert. You just use your card for your regular spending—recharges, bill payments, shopping—and the rewards come to you automatically.

FAQs – PhonePe HDFC Bank RuPay Credit Cards

karan

Hi, I’m Karan Gera, a content writer at LetsMakeAsset.com. I write about credit cards, loans, and finance. I enjoy sharing clear and simple information so that everyone can learn more about these topics. Writing is something I truly love.