HDFC Bank Rupay Credit Card

HDFC Bank Rupay Credit Card

Fee

Joining Fee: Rs 250+GST / Zero
Annual Fee: Rs 250+GST

Type

Cashback

Return

0.25% to 0.75%

Rating

1.3/5

Issued On

Rupay

Benefits

Table of Contents

Rupay credit cards are popular right now thanks to the ability to make UPI payments. HDFC Bank has launched a new UPI Rupay Credit Card that will be available only as a virtual credit card. The HDFC Bank UPI Rupay credit card offers CashPoints like the Millennia. We get up to 3% CashPoints on spends including UPI transactions. Here is a review of the HDFC Bank UPI Rupay credit card with its rewards & benefits.

Fees & Charges

Joining FeeRs 250+GST / Zero (FYF)
Welcome BenefitNone
Annual FeeRs 250+GST
Annual Fee WaiverSpend Rs 25000 in a membership year
Renewal BenefitNone
HDFC Bank UPI Rupay Credit Card Review: Fees & Charges

Rewards

CategoryCashPointsReturnMax CashPoints
Groceries, Supermarkets
Dining & PayZapp
3%0.75%500 per calendar month
Utilities2%0.50%500 per calendar month
Other Spends1%0.25%500 per calendar month
Rent, Wallet, Gift Vouchers
EMI, Fuel & Govt. Services
0%NIL
HDFC Bank UPI Rupay Credit Card Review: Rewards

The effective reward is between 0.25% to 0.75. This is much lesser than what other credit cards offer on UPI transactions. HDFC Bank Tata Neu Plus and Infinity variants provide 1% and 1.5% respectively. Snapdeal BoB credit card also offers 1% rewards on UPI transactions. So, it is surprising to see HDFC Bank launch a virtual credit for UPI with a low reward rate.

LTF IndusInd Bank Credit Cards

CashPoints Redemption

The critical point to note here is that the value of 1 CashPoint is 25 paise for the HDFC Bank UPI Rupay credit card. We can redeem for a statement credit and other options by logging into HDFC Bank Netbanking.

  • The minimum CashPoints balance required for redemption is 2000
  • CashPoints are valid for 2 years from the date of credit
  • CashPoints can also be redeemed against travel benefits like flight and hotel bookings, and rewards catalogs on the SmartBuy portal. The value for 1 CashPoint in this case is also 25 paise. The standard 70:30 restriction also applies here. So, we can pay up to 70% of flight/hotel/reward value with CashPoints. The rest needs to be paid by credit card.
  • The best option is to redeem for statement credit as we get the same value.

Complimentary Airport Lounge Access

HDFC Bank UPI Rupay credit card does not offer any complimentary airport lounge access.

  • Domestic Airport Lounge Access: Not Available
  • International Airport Lounge Access: Not Available

Other Benefits and Charges

  • Fuel Surcharge Waiver: Not Available
  • Foreign Currency Transaction Charges: 3.5%+GST
  • Finance Charges: 3.60% per month / 43.20% annually

Final Thoughts

If you need a Rupay credit card for making foreign transactions, the Tata Neu Infinity, Plus and SNAPDEAL BoB credit cards are the ones you should first check out. But, all these options do have a cap when it comes to rewards on UPI transactions. So, if you are hitting the rewards cap on your existing Rupay credit then you can look at the HDFC Bank UPI Rupay credit card as the next option.

LTF IDFC First Bank Credit Cards

Frequently Asked Questions

HDFC Bank UPI Rupay Credit Card

Card Maven

Fees & Charges
Rewards
Features and Benefits
2.3
Axis Bank My Zone Credit Card LTF
Share the Post:

Related Posts

3 thoughts on “HDFC Bank Rupay Credit Card”

  1. I read that making fuel payment via UPI does not have a surcharge, so there is no surcharge on fuel payment hence no waiver needed for fuel surcharge.

  2. a cap when it comes to rewards on UPI transactions. So, if you are hitting the rewards cap on your existing Rupay credit then you can look at the HDFC Bank UPI Rupay credit card as the

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top