PhonePe Enters Co-Branded Card Segment with HDFC Ultimo for Routine Rewards
PhonePe HDFC Ultimo Credit Card offers 10% cashback on utility bills, 1% on Scan n Pay transactions, and 5% on select online shopping brands. Designed for everyday spending, it also includes complimentary domestic airport lounge access for a complete financial experience.
Hyderabad: PhonePe launched its co-branded credit card in June last year, marking its entry into the co-branded card segment. Today, credit card users are looking beyond occasional big-ticket rewards and seeking value from everyday transactions. The PhonePe HDFC Ultimo Credit Card is designed to deliver exactly that.
The card’s concept is simple: instead of complex strategies to earn rewards, it focuses on everyday spending such as recharges, utility bill payments, online shopping, and more.
Key benefits include:
10% cashback on essential PhonePe categories, including recharges, DTH subscriptions, utility bills, and other everyday payments. Every top-up, electricity bill, or broadband payment now earns substantial rewards.
1% cashback on all Scan n Pay transactions, making local shopping more rewarding. From neighbourhood kirana stores to street food vendors, every QR code scan contributes to your cashback balance.
5% cashback on select online shopping brands across categories like fashion and electronics.
Additional perks include complimentary domestic airport lounge access, making the HDFC Ultimo card a practical choice for everyday expenses, online shopping, and occasional travel.
Adoption of the PhonePe HDFC Ultimo is driven by its clear focus on rewarding routine spending. With no high minimum spend requirements, the card aligns with how consumers naturally spend, offering accessible benefits that enhance daily financial transactions.
