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HDFC BankPhonePe HDFC Bank Ultimo Credit Card
Joining₹999
Annual₹999/yr
Reward1%
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Hassle-free rewards, zero annual cost
Independent comparison platform. Not affiliated with HDFC Bank. Full disclaimer
Base earn rate
1 pts per ₹100
Salaried: minimum ₹15,000/month income. Self-employed: 2+ years of filed ITR showing equivalent annual income. Age 21–65. CIBIL 700+ recommended.
Remaining 65% of spend earns the 0.25% base rate.
Rewards / year
₹2,325
≈ 0.39% effective
Annual fee
₹0 (waived)
waived at ₹25,000/yr spend
Net steady-state return
+₹2,325/year
Strong fit at this spend
At ₹50,000/month, rewards outrun the fee by ₹2,325 a year.
One-time welcome benefit: ~₹250 — 1st transaction within 37 days of card activation
Based on published rates as of 2026-08-07; assumes statement credit (1 CashPoint = Rs.0.25, min 500 CashPoints to redeem). Rewards estimates, not guarantees.
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HDFC Bank🔒 Secure & Free
HDFC Bank🔒 Secure & Free
HDFC Bank🔒 Secure & Free
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