PhonePe HDFC Bank Ultimo Credit Card Review 2026: 10% Rewards & Fees
Get 10% rewards on PhonePe bills & 5% on Amazon/Flipkart with the PhonePe HDFC Ultimo Credit Card. Check fees, lounge access, and UPI benefits.
The PhonePe HDFC Bank Ultimo is a top-tier co-branded RuPay card for digital-first users. It offers industry-leading 10% returns on utilities and 5% on popular e-commerce platforms, with a simple 1:1 cashback redemption.
The best of UPI in a Credit Card
The Bottom Line
The PhonePe HDFC Bank Ultimo Credit Card is the PhonePe HDFC Bank Ultimo is a top-tier co-branded RuPay card for digital-first users. It offers industry-leading 10% returns on utilities and 5% on popular e-commerce platforms, with a simple 1:1 cashback redemption. With a ₹999 annual fee that is waived on ₹2,00,000 yearly spend, it offers 0% rewards on phonepe (bills, recharges, ... and a welcome benefit worth ₹999. For anyone researching phonepe hdfc bank ultimo credit card, the verdict is simple: recommended.
It earns a base reward rate of 1% and stacks best when your spending lines up with PhonePe Power User, UPI Enthusiast. The renewal fee gets easier to justify once you can hit ₹2,00,000 in yearly spend.
Who Should Get This Card
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Best fit for
IdealHigh 10% value-back on utility bills and recharges via the PhonePe app.
Earns 1% on every QR scan, making it a strong RuPay UPI companion.
Probably not for
SkipMonthly reward caps limit the benefits for those spending over ₹20,000-₹30,000 on accelerated categories.
Is It Worth It For You?
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Reward Rates
PhonePe HDFC Bank Ultimo Credit Card offers 1% basic reward rate.
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Welcome Offer
₹999 PhonePe Gift Cards ₹499 on 1st UPI transaction; ₹50 each for next 10 UPI transactions (min ₹100 each).
Milestone Benefits
2 Complimentary Domestic Lounge Visits
Renewal Fee Waiver
Fees & Charges
Eligibility
- Min Income: ₹6 Lakhs
- Min Credit Score: 750
- Exclusively available for application through the PhonePe app for eligible users.
Exclusions & Terms
Fuel
Wallet Load
EMI
Government Spends
Rental Payments
Education Fees
Insurance
Jewellery
Frequently Asked Questions
3 data-backed answers from our card database