HDFC Bank is the largest private sector bank in India, and it recently introduced the UPI RuPay credit card that allows cardholders to link the card with their UPI ID and make transactions on UPI apps like Paytm, Mobikwik, PhonePe, Google Pay, etc. This is the first time that a credit card can be linked with UPI and used to make transactions.
Cashback Benefits
- 3% CashPoints of up to 500 points per month on PayZapp transactions, groceries, supermarket and dining spends
- 2% CashPoints of up to 500 points per month on utility spends
- 1% CashPoints of up to 500 points per month on other purchases, except on rent, wallet loads, EMI, fuel and government spends
- 1 CashPoint = Rs. 0.25
Joining Fee : Rs. 99 + GST
Renewal Fee : Rs. 99 + GST
Pros :
- Earn CashPoints on both regular and UPI payments made with the credit card
- Get up to 3% CashPoints on grocery, supermarket, dining, and PayZapp spends
- The card is issued only virtually and there is no hassle of keeping the physical variant
Cons
- There are not many benefits apart from the UPI payments and cashback
- Many spend categories are excluded from earning cashback
Virtual Card
The UPI RuPay credit card is only issued virtually, and you will not get any physical credit card to use. Your card will automatically be registered in your HDFC Bank MyCards section so that you can check out its details and use it conveniently whenever you wish to.
Link with UPI Applications
You can easily link the credit card with UPI applications like Mobikwik, Paytm, BHIM, PhonePe, etc., and be rewarded for UPI payments made with the card. Here is how you can link your card with the app –
- Open Paytm, PhonePe, Google Pay, or any other UPI app
- Use your credit card PIN to register the card in the app
- Make UPI payments with your card and earn Cashpoints
Q. Can I link HDFC bank UPI RuPay credit card in other UPI apps?
A. Yes, HDFC RuPay UPI card can be linked to other UPI app by using the following steps-
Step 1: Set up credit card PIN by calling on the HDFC IVR number 1860 266 0333.
Step 2: Download any UPI app of your choice and log in.
Step 3: Register your HDFC UPI RuPay card by using the credit card PIN.
Key Benefits of the HDFC UPI RuPay Credit Card
The following are the key features of HDFC UPI RuPay credit card:
- Offers 3.00% CashPoints on transactions, such as groceries, SuperMarket and dining spends, and PayZapp
- Customers can earn 2.00% and 1.00% CashPoints on utility and other spends, respectively
- Customers can earn CashPoints on both UPI and regular credit card transactions
- From the date of purchase, customers can avail themselves of 50 days interest free period on HDFC UPI RuPay credit card.
- Provides revolving credit facilities on these cards at a minimum interest rate
- Enables renewal membership fee waiver on annual spending of Rs.25,000 and above
- CashPoints can be redeemed through internet banking or physical redemption form
- CashPoints offered can be redeemed against travel benefits and on Reward catalogue at SmartBuy portal
- Per calendar month, the Reward points redemption for flights & hotels bookings is limited to 50,000 from 1 January 2023
- Reward points redemption for Cashback redemption is also limited to 50,000 from 1 February 2023
- Product or Voucher value of 70% can be redeemed through Reward points on select vouchers/products from 1 February 2023
- A minimum CashPoints equivalent to ₹500 should be available with the customers for redemption against statement balance
- The validity of the CashPoints received on HDFC Bank UPI RuPay credit card is two years from the date of transaction
Q. What are CashPoints?
Rewards metric system, CashPoints, is created for the cardholders that can be utilised for cashback redemption at the rate of 1 CashPoint which is equal to Rs.0.25 for UPI RuPay Credit Card Holders.
What is the minimum transaction amount which is eligible for CashPoints under 3%, 2%, and 1% features?The eligibility for CashPoints posting for 3%, 2% and 1% features is a minimum transaction amount of Rs.100 and above.
Will a cardholder get cashback on EMI spends?No, cardholders will not earn any cashback or CashPoints on EMI spends.
