HDFC Bank UPI Rupay Credit Card

HDFC Bank UPI Rupay Credit Card is a virtual credit card made for UPI payment is launched by HDFC Bank. Looking at the craze of UPI this credit card gives some sort of rewards and benefits to the UPI users. This credit card can easily linked the UPI payment app like how you add bank account for UPI and you can do regular transaction through this credit card and can earn reward. You can earn 3% cashpoint on Grocery and 2% cashpoint on utility bill payment. Let’s read in details about this credit card whether this credit card should take it or not.

JOINING FEE
Rs. 99+GST
RENEWAL FEE
Rs. 99+GST
REWARDS &CASHBACK
3% Cashpoint on Groceries, SuperMarket & Dining spends. 2% Cashpoint on utility spends. 1% cashpoint on other spends except Rent, wallet, EMI, Fuel, Insurance Payment.

Features & Benefits

Welcome Benefits

  • Cardholder will get a gift voucher worth ₹250 after activating the card and paying the joining fees.

Cashpoint program

  • Get 3% cashpoint on Grocery, supermarket, Dining and PayZapp transactions and maximum 500 cashpoint per month.
  • Get 2% cashpoint on utility spend, capped 500 cashpoint per month.
  • Get 1% cashpoint on all other transaction which is capped 500 cashpoint per month.
  • No cashpoint on Fuel, Education, Rent, wallet, Jewellery, Government payment, Insurance.

Virtual Card

  • This HDFC Bank Credit Card is virtual credit card which you have to link with your UPI id and make payment through PayZapp or any other app.

Spend Based Waiver

  • The annual fee of Rs.99+GST is waived off if you have spent Rs. 25k in previous year.

Reward Redemption

  • Cashpoint earned on HDFC UPI Rupay Credit Card can be redeemed against statement balance at value of 1 Cashpoint = ₹0.25.
  • Cashpoint can be redeemed against travel benefit like flight and hotel booking and also Reward on Smartbuy reward portal at value of 1 cashpoint = ₹0.25.
  • Cashpoint can be redeem for flight and hotel booking and redemption against statement are capped at 50000 reward point per calendar month.
  • For redemption against statement balance cardholder must have minimum 500 cashpoint.

Fees & Charges

Reward Redemption Fee

  • There is reward redemption of ₹99 + GST that is everytime you redeem your cashpoint you have to pay some charges which is disappointing.

Foreign Currency Markup

  • The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel & transaction credit card you can choose other cards that have zero or very less markup fee.

Finance Charges & Cash withdrawal Fee

  • Interest rate is 3.75% per month that is 55.55% per annum.
  • Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
  • Final Thoughts

HDFC bank UPI Rupay Credit Card is great for customer who do lots of transaction through UPI in their daily lives. It also offer rewards on UPI transaction that is only applicable to merchant to merchant transaction. You can earn 3% cashback on Grocery, supermarket and also 2% on utility bill. Most of the credit card do not provide reward on utility bill but this card provide although there is capping but still good. This card comes with very affordable joining and annual fee that ₹99+GST which can be easily waived off on spending 25K in previous year. Therefor it is great credit card for regular UPI user.

  • Frequently Asked Questions
Can I withdraw cash using HDFC UPI Rupay Credit Card?

Yes, you can withdraw cash using this credit card which incur charges that is min Rs.500 or upto 2.5% of cash withdrawal amount whichever is higher.

Since You can earn 3% on grocery capping of 500 cashpoint, 2% on utility capping of 500 cashpoint and 1% on other spend again capping of 500 cashpoint so total you can 1500 cashpoint in a month but its all depend on how much you spend.

Yes the annual fee is waived off on spending Rs. 25k in previous year.

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