Swiggy HDFC Bank Credit Card – Benefits, Fees & Eligibility

Introduction

The Swiggy HDFC Bank Credit Card is a popular co-branded cashback credit card in India, launched in collaboration between Swiggy, a leading online food ordering platform, and HDFC Bank. It offers significant benefits, primarily focused on Swiggy users, with a low standard annual fee of ₹500 + GST, which is often waived. Cardholders can enjoy up to 10% cashback on Swiggy spends, 5% cashback on other online transactions, and 1% cashback on other categories. Additionally, it provides a complimentary Swiggy One membership as a welcome benefit, making it an excellent option for frequent Swiggy customers seeking substantial savings, potentially up to ₹42,000 annually. This card is on the Mastercard network and includes various World Tier Mastercard benefits.

Welcome Benefits

• Complimentary Swiggy One Membership for 3 months upon card activation.
• If a cardholder already possesses a Swiggy One membership, it will be extended for 3 months.
• Swiggy One Membership is a premium subscription program offering unlimited benefits across restaurants, Instamart, and Genie orders on Swiggy, including free delivery and exclusive discounts from select restaurants.
• Card Activation Process to avail welcome benefit:
  • Making a transaction using the Credit Card.
  • Using the card via OTP or IVR.
  • Setting a PIN for the card.
  • Enabling card controls such as online transactions or international transactions.
• Customers need to claim 'Swiggy One' on the Swiggy app post card activation to unlock the benefit. This option will be available on the Swiggy app within 2-3 days of card activation.

Fees

• Joining Fee: ₹500 + Applicable Charges.
  • Limited Period Offer: Lifetime Free Card, valid from 8th October to 31st October 2025. During this period, there are no annual fees.
• Renewal Membership Fee: ₹500 + Applicable Charges.
  • Spend-Based Waiver: The renewal fee is waived off if you spend ₹2,00,000 or more in a year before your Credit Card renewal date.
  • Exclusions for Renewal Fee Waiver Spends: Cash on Call, Balance Transfer, Cash Withdrawal.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.5% + GST.
• Interest Rates: 3.75% per month or 45% per annum.
• Fuel Surcharge: Not Applicable.
• Cash Advance Charges: 2.5% of the advanced amount or ₹500, whichever is higher.
• Balance Transfer on EMI: 1% of the loan amount, minimum ₹250 (exclusive of GST).

Rewards

• 10% Cashback on Swiggy Application:
  • Applicable on Food ordering, Instamart, Dineout, and Genie.
  • Maximum cashback of ₹1,500 per billing cycle.
  • Not applicable on spends made using Swiggy Money Wallet, Swiggy Minis, Swiggy Liquor.
  • Not applicable on transactions less than ₹100.
• 5% Cashback on Online Spends:
  • Applicable across eligible online Merchant Category Codes (MCCs) at top brands like Nykaa, BookMyShow, Ola, Myntra, Amazon, Uber, Adidas, H&M, and more.
  • Categories include Apparel, Electronics, Entertainment, Home Décor, Department Store, Personal Care, Medical Store, Local Cabs, Pet Stores, and Discount Stores (e.g., Flipkart, Amazon, Ajio, Meesho under MCC 5399).
  • Maximum cashback of ₹1,500 per billing cycle.
  • Not applicable to gift cards and grocery purchases.
  • For offline payments at Adidas, H&M, etc., 1% cashback will be received.
• 1% Cashback on Other Categories:
  • Applicable on all other eligible categories.
  • Maximum benefit capped at ₹500 per billing cycle.
• Exclusions for Cashback (Across all categories): Fuel, Rent, Wallet load, EMI transactions, Jewellery, and Government transactions.
• Mastercard World Tier Benefits:
  • Golf:
    • Access to golf courses worldwide.
    • 12 free golf lessons per calendar year (one lesson per month).
    • 4 complimentary rounds of green fees per calendar year (one round per month).
    • Discounted golf services at 50% off the green fee beyond complimentary sessions.
    • To book golf services, contact +1800 102 6263.
  • Travel: Up to 12% off on Agoda.
  • Lifestyle: Enjoy a complimentary stay and dinner for one person at designated Mastercard partner locations worldwide, along with various privileges in sports, shopping, travel, arts, and culture in many countries worldwide.
• IndiGo BluChips with Swiggy Spends:
  • Earn 1 IndiGo BluChip for every ₹250 spent on Swiggy’s platforms (Swiggy Food Delivery, Dineout, and Instamart). This benefit is in addition to the cashback earned.

Rewards Redemption Guide

• Cashback earned through this card is directly adjusted as a statement credit in the next credit card statement.
• Cashback redemption moved to Statement credit effective 21st June 2024, while any existing Swiggy money continues to reside in the Swiggy App.

Card Eligibility Criteria

• For Salaried Indian Nationals:
  • Age: Minimum 21 years & Maximum 60 years.
  • Net Monthly Income: Greater than ₹15,000.
• For Self-Employed Indian Nationals:
  • Age: Minimum 21 years & Maximum 65 years.
  • ITR (Income Tax Return): Greater than ₹6 Lakhs per annum.
• General: The applicant must be an Indian citizen. Existing HDFC Credit Card holders are also eligible to apply for this card.

Card Review

The Swiggy HDFC Bank Credit Card is highly recommended for loyal Swiggy users and those who frequently order food online. With a competitive cashback structure offering 10% on Swiggy, 5% on various online platforms, and 1% on other spends, it provides significant savings that can potentially amount to ₹42,000 annually. The complimentary 3-month Swiggy One membership, valued at ₹1199, serves as an excellent welcome benefit, effectively offsetting the standard joining fee. The card's availability on the Mastercard network further enhances its appeal with World Tier benefits, including golf privileges and travel discounts. While it excels in dining and online shopping, the primary drawback is the absence of perks like free airport lounge access. Overall, if your spending habits align with online food delivery and e-commerce, this card offers a compelling value proposition and is considered to have surpassed the success of the HDFC Millennia card.

Important Product Details

• Cashback Structure: 10% on Swiggy (max ₹1,500/billing cycle), 5% on select online merchants (max ₹1,500/billing cycle), 1% on other eligible spends (max ₹500/billing cycle).
• Cashback Exclusions: Fuel, Rent, Wallet, EMI, Jewellery, Government transactions, Swiggy Money Wallet, Swiggy Minis, Swiggy Liquor, and transactions less than ₹100 on Swiggy. Gift cards and grocery purchases are excluded from 5% online cashback.
• Zero Lost Card Liability: In case of loss, immediate reporting to the 24-hour call centre ensures zero liability on fraudulent transactions.
• Interest-Free Credit Period: Up to 50 days from the date of purchase (subject to merchant charge submission).
• Revolving Credit: Available at a nominal interest rate.
• Contactless Payment: Enabled for fast, convenient, and secure payments. Contactless payments in India are allowed for a maximum of ₹5000 per single transaction without a PIN; for transactions of ₹5000 or more, the PIN is required.
• Smart EMI Facility: Convert large purchases into Smart EMI for stress-free repayments. Balance Transfer on EMI is charged at 1% of the loan amount, minimum ₹250 (exclusive of GST).
• Mastercard World Tier Benefits: Includes golf lessons and rounds, discounts on Agoda, and complimentary stay/dinner offers.
• IndiGo BluChips: Earn 1 BluChip for every ₹250 spent on Swiggy platforms.

Other Details

• Best Suited For: Dining, Food.
• Reward Type: Cashback.
• Swiggy is currently the only online food ordering service offering a co-branded credit card.
• Card can be applied through the Swiggy app or HDFC Bank.