Swiggy HDFC Bank Credit Card – Benefits, Fees & Eligibility

Introduction

The Swiggy HDFC Bank Credit Card is a popular co-branded cashback credit card launched by HDFC Bank in collaboration with Swiggy, a leading online food ordering platform in India. Positioned as a mid-range card with a low annual fee, it is particularly well-suited for frequent Swiggy users and online shoppers. Its top differentiating benefits include a generous 10% cashback on all Swiggy app spends, 5% cashback on purchases made across various top online brands, and a complimentary 3-month Swiggy One membership as a welcome perk.

Welcome Benefits

• Complimentary 3-month Swiggy One Membership upon card activation.
• Existing Swiggy One members can extend their membership by three months.
• Card activation requires a successful transaction or setting up the card PIN and enabling controls like online/international transactions, as per RBI regulations.

Fees

• Joining Fee: ₹500 + GST
• Renewal Fee: ₹500 + GST
• Spend-Based Waiver: Annual charges are waived on spending ₹2 Lakh or more in the preceding year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% + GST
• Interest Rates: 3.75% Per Month or 45% Per Annum
• Fuel Surcharge Waiver: Not applicable
• Cash Advance Charges: 2.5% of the advanced amount or ₹500, whichever is higher.

Rewards

• Cashback on Swiggy:
  • Earn 10% cashback across the Swiggy application, including food orders, Instamart, Dineout, and Genie.
  • Maximum cashback is capped at ₹1,500 per billing cycle.
  • Cashback is not applicable on spends made on Swiggy Money Wallet, Swiggy Minis, Swiggy Liquor, or transactions less than ₹100.
• Cashback on Online Spends:
  • Earn 5% cashback on online spends made with the card across top brands like Nykaa, BookMyShow, Ola, Myntra, Amazon, Uber, Adidas, and H&M.
  • Applicable 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 is capped at ₹1,500 per billing cycle.
  • 5% cashback does not apply to gift cards and grocery purchases.
  • 5% cashback is applicable only on online payments; offline payments in these categories will earn 1% cashback.
• Cashback on Other Spends:
  • Earn 1% cashback on all other eligible categories.
  • Maximum benefit is capped at ₹500 per billing cycle.
• Excluded Categories for Cashback: Fuel, rent, wallet, EMI, jewellery, and government transactions. Utility bill payments do not receive cashback.
• Mastercard World Tier Benefits:
  • Access to complimentary loyalty memberships, dine-and-stay offers, and privileges in sports, shopping, travel, arts, and culture in many countries worldwide.
  • Four complimentary rounds of green fees each calendar year, with a limit of one round per month.
  • Twelve complimentary golf lessons annually, with a limit of one lesson per month.
  • 50% off on regular green fees for discounted golf services.
  • Up to 12% off on Agoda bookings.
  • Enjoy a complimentary stay and dinner for one person at designated Mastercard partner locations worldwide.
• IndiGo BluChips:
  • Earn 1 IndiGo BluChip for every ₹250 spent on Swiggy’s platforms, including Swiggy Food Delivery, Dineout, and Instamart. This offer is in addition to the cashback benefits.

Rewards Redemption Guide

• All cashback earned with the Swiggy HDFC Bank Credit Card will be applied directly to the credit card statement in the following month.

Card Eligibility Criteria

• Age:
  • Salaried individuals: 21 to 60 years.
  • Self-employed individuals: 21 to 65 years.
• Citizenship: Applicant must be an Indian citizen.
• Income:
  • Minimum monthly salary of ₹15,000.
  • For self-employed individuals, an ITR return of ₹6 Lakhs or more per annum.
• Existing HDFC Credit Card holders are also eligible to apply for this card.

Card Review

The Swiggy HDFC Bank Credit Card is an excellent choice for loyal Swiggy users and individuals who frequently shop online. It offers a compelling 10% cashback on all Swiggy platform spends and a significant 5% cashback on purchases from numerous popular online brands, making it a strong contender in the cashback credit card market. The complimentary 3-month Swiggy One membership as a welcome benefit adds substantial value. While the card provides great benefits for food and online shopping, a notable drawback is the absence of additional perks like free airport lounge access. Overall, if you are a frequent Swiggy customer and seek substantial savings on dining and other online expenses, this card is highly recommended. Applications can be made through the Swiggy app or HDFC Bank.

Important Product Details

• Complimentary 3-Month Swiggy One Membership as a welcome benefit.
• 10% Cashback across the Swiggy app (capped at ₹1,500 per billing cycle).
• 5% Cashback on online spends across top brands (capped at ₹1,500 per billing cycle).
• 1% Cashback on other eligible spends (capped at ₹500 per billing cycle).
• Mastercard World Tier benefits, including golf privileges and travel offers.
• Opportunity to earn IndiGo BluChips on Swiggy spends in addition to cashback.
• Annual fee of ₹500 + GST, waived on spending ₹2 Lakh annually.

Other Details

• The Swiggy HDFC Bank Credit Card has become one of the most popular cashback credit cards in India, even surpassing the success of the HDFC Millennia card.
• Swiggy is currently the only online food ordering service offering a co-branded credit card.
• Cardholders could potentially save up to ₹42,000 annually.
• The card operates on the Mastercard network, providing World Tier benefits.
• Some applicants with existing HDFC credit cards initially faced rejection but were later approved, often with credit limits adjusted to be shared with their existing HDFC cards.