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HDFC Bank
HDFC PhonePe Ultimo
RuPay
HDFC PhonePe Ultimo
PhonePe's upper co-brand RuPay card, adding spend-milestone lounge access on top of Uno's everyday rewards — app-only sourcing, with the annual fee effectively refunded via welcome benefits in year one.
Rates and fees last verified 14 September 2026.
Annual fee
₹999
Joining fee
₹999
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Mid
Eligibility
- Employment: salaried, self-employed
- Age: 21–65
Benefits
- Welcome benefit equal to the joining fee, effectively offsetting the first year's charges
- 8 complimentary domestic lounge visits per year (2/quarter) on ₹75,000 quarterly spend
- 1% fuel surcharge waiver at fuel stations
- Up to 2,000 reward points/month on everyday spends — utilities, bills, flights, hotels, online shopping and UPI Scan & Pay
Pros
- + Domestic lounge access via a quarterly spend milestone
- + First-year fee largely offset by welcome benefit
- + Broad 2,000 points/month earning cap on daily spends
Cons
- − Application only via the PhonePe app
- − Lounge access requires hitting a quarterly spend threshold
Applying takes you to HDFC Bank's site. We may earn a commission if you're approved — see our disclaimer. Final terms and approval are solely at the issuer's discretion.