HDFC Bank
PhonePe HDFC Bank Uno Credit Card
The PhonePe HDFC Bank Uno Credit Card is an entry-level co-branded credit card offered by HDFC Bank in partnership with PhonePe. As the base variant of this co-branded series, the card is designed to cater to digital-first consumers looking to optimize their daily transaction expenses.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 28 July 2026.
At a Glance
Annual Fee
₹499
Joining Fee
₹499
Fee Waiver
Spend ₹1,00,000 annually
Lounge Access
NA
Forex Markup
3.5%
Effective Yield
1% – 2%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The PhonePe HDFC Bank Uno Credit Card is an entry-level co-branded credit card offered by HDFC Bank in partnership with PhonePe. As the base variant of this co-branded series, the card is designed to cater to digital-first consumers looking to optimize their daily transaction expenses. It carries a joining and renewal fee of Rs. 499 plus applicable taxes, with a clear path to waive this annual fee by hitting a straightforward spending milestone.
This card stands out for its digital reward structure, offering a 2% reward rate on select PhonePe transactions such as utility bill payments, recharges, travel, and hotel bookings. It also provides a 1% reward rate on online transactions with popular partner merchants like Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, and Uber. Furthermore, since the card is available as a RuPay variant, cardholders can link it to UPI applications to earn 1% rewards on Scan & Pay transactions. All points can be redeemed directly for cashback at an excellent 1:1 ratio with zero redemption fees.
While the card is highly beneficial for individuals who primarily use PhonePe and shop online with its partner brands, it has noticeable limitations. It does not earn any rewards on offline or in-store purchases, and rewards across all spending categories are subject to strict monthly caps. It also entirely lacks premium lifestyle and travel benefits, such as complimentary airport lounge access. As a result, this card is best suited for entry-level users who want a simple utility and digital shopping credit card.
What We Like
We highly appreciate the card's 1:1 reward points to cashback redemption ratio, which is executed completely free of any reward redemption charges. Additionally, its integration with the RuPay network allows users to conveniently earn rewards on UPI Scan & Pay transactions, and the annual fee waiver milestone is exceptionally easy to achieve.
Pros
- ✓Earn accelerated rewards on utility bills, mobile recharges, and travel bookings made through PhonePe.
- ✓Receive a 1% reward rate on everyday online spends with popular partner brands like Amazon, Flipkart, Myntra, Swiggy, Zomato, and Uber.
- ✓Enjoy an excellent 1:1 conversion value when redeeming reward points directly for cashback.
- ✓Waive the annual fee easily by spending Rs. 1 Lakh or more within a single year.
- ✓Avoid extra costs thanks to zero reward redemption fees when converting points to cashback.
Cons
- ✗No rewards or cashback are provided for offline or in-store purchases.
- ✗Monthly caps are applied to the reward points and cashback you can earn across categories.
- ✗Lacks travel and lifestyle perks, offering no airport lounge access.
- ✗The welcome gift cards are split across your first 10 or more UPI transactions instead of being delivered upfront.
Get This Card If
- ✓You prefer to make recharges, bill payments, and travel bookings via PhonePe
- ✓You frequently shop online from brands like Amazon, Flipkart, Myntra, and more
- ✓You are looking for an entry-level credit card that offers benefits on UPI transactions
- ✓You prefer to redeem accumulated reward points against cashback
Earning & Redemption
How You Earn
| Category | Reward rate | Yield | Cap * |
|---|---|---|---|
Select PhonePe Categories (Recharges, Bills, Travel & Stays, Pincode via UPI) | 2 Reward Points (RP) per ₹100 | 2.00% | 500 RP per calendar month |
Select Online Brands (Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, Zomato) | 1 RP per ₹100 | 1.00% | 500 RP per calendar month |
Scan & Pay (UPI) | 1 RP per ₹100 | 1.00% | 500 RP per calendar month |
Excluded Categories | No Points Earned | 0.0% | — |
Total earning cap: 1,500 cashback per month across all categories. Earning stops once this limit is reached, regardless of per-category caps shown above.
* Category caps shown are based on publicly available card terms. Banks frequently revise caps and rates without notice — always verify current limits directly with the issuer before applying.
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹1 Lakh | Annual Fee Waiver | ₹499 + GST Savings | Renewal fee waived on annual spends of ₹1 Lakh or more in the preceding year. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Cashback against Statement Credit | ₹1 per point1:1 Ratio | Best Value (No redemption fee applies) |
| HDFC Bank SmartBuy (Flights/Hotels, Airmiles & Product Catalogue) | ₹0.30 per point1:0.3 Ratio | Avoid (Significant devaluation compared to cashback) |
Essential Fine Print
Reward Exclusions
Excluded Transactions: Fuel spends, Wallet loads, Rental payments, Government transactions, Cash advances, and EMI transactions do not earn cashback.
Welcome Offer
PhonePe Giftcard
Get PhonePe Gift card ₹249 on your first Rupay CC on UPI transaction.
Scratch Cards
Additional Scratch cards worth ₹25 each on your next 10 Rupay CC on UPI transactions.
Dining Benefits
1% Reward Points on Swiggy
Milestone Benefits
Annual Fee Waiver
Spend ₹1 Lakh or more in a membership year to get the renewal fee waived for the next year.
Additional Features
UPI Connectivity
Link your card to UPI apps for seamless merchant payments.
Zero Lost Card Liability
Full protection against fraudulent transactions on reporting loss immediately to the bank.
2% Reward Points
Get 2% Reward Points on select PhonePe category Spends.
1% Reward Points
Get 1% Reward Points on select online brands Spends. Also, get 1% Reward Points on UPI Scan & Pay.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹499 |
| Annual / Renewal Fee | ₹499 |
| Fee Waiver Threshold | Spend ₹1,00,000 annually |
| Forex Markup | 3.5% |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Employment
Salaried or Self-Employed individuals.
Age
Minimum 21 years and maximum 60 years.
Income
Minimum monthly income of ₹25,000 for salaried or annual income of ₹6 Lakhs for self-employed.
Ready to apply for PhonePe HDFC Bank Uno Credit Card?
Annual fee: ₹499 · Waived on ₹1,00,000 spend
Frequently Asked Questions
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Annual fee
₹499
1% – 2% yield