HDFC Bank UPI RuPay Credit Card: Hidden Rewards NEED to Know Now!

This virtual card blends UPI’s ease with credit card rewards, offering up to 3% CashPoints on groceries, dining, and PayZapp. But are the capped rewards and exclusive eligibility hiding a catch?
The HDFC Bank UPI RuPay Credit Card is a virtual-only credit card designed to integrate the convenience of Unified Payments Interface (UPI) transactions with the benefits of a credit card. Launched by HDFC Bank in collaboration with the National Payments Corporation of India (NPCI), this card operates on the RuPay network, India’s indigenous payment system. It is primarily aimed at existing HDFC Bank credit cardholders, offering seamless UPI payments through apps like PayZapp, Google Pay, PhonePe, BHIM, and others. The card is issued digitally, with no physical counterpart, and is auto-registered on HDFC Bank’s MyCards platform for easy management. Its key selling point is combining the flexibility of UPI’s “scan and pay” functionality with credit card rewards, making it a unique offering in India’s digital payment landscape.
Review
The HDFC Bank UPI RuPay Credit Card is tailored for users who frequently use UPI for daily transactions and seek to earn rewards without relying solely on traditional credit card swipes. Its virtual nature enhances security by eliminating risks associated with physical card loss or theft. The card supports a 50-day interest-free credit period, which is standard for credit cards, and offers a rewards program centered around CashPoints, redeemable for statement credit, travel bookings, or items from the SmartBuy Rewards Catalogue.
However, the card has limitations. The rewards structure, while decent for specific categories, is capped monthly, reducing its appeal for high spenders. The card’s exclusivity to existing HDFC Bank customers limits its accessibility, and its low reward redemption value (1 CashPoint = ₹0.25) is less competitive compared to some peers. Additionally, the absence of premium benefits like lounge access or fuel surcharge waivers makes it less versatile for users seeking all-around value.
User feedback, as seen on platforms like Reddit, highlights mixed sentiments. Some appreciate the convenience of UPI integration, but others find the rewards lackluster compared to co-branded cards like the Tata Neu Infinity HDFC Bank Credit Card, which offers higher reward rates for specific ecosystems. The card’s utility depends heavily on the user’s spending patterns and preference for UPI transactions over traditional card usage.
Rewards and Benefits
The HDFC Bank UPI RuPay Credit Card offers a tiered rewards structure based on spending categories, with CashPoints as the primary reward currency. Below are the key rewards and benefits:
- Reward Structure:
- 3% CashPoints on groceries, supermarket, dining spends, and PayZapp transactions (up to 500 points per month, equivalent to ₹125 cashback).
- 2% CashPoints on utility spends (up to 500 points per month, equivalent to ₹125 cashback).
- 1% CashPoints on other spends (up to 500 points per month, equivalent to ₹125 cashback; excludes rent, wallet loads, EMI, fuel, insurance, education, government payments, cash advances, and card fees).
- Redemption Value: 1 CashPoint = ₹0.25, redeemable against statement balance, flight/hotel bookings (up to 50% of booking value), or products/vouchers (up to 70% of value) via the SmartBuy Rewards Portal.
- Capping: Maximum of 500 CashPoints per category per month; total reward points redemption capped at 50,000 per month for flights/hotels and cashback (effective from January/February 2023).
- Validity: CashPoints are valid for 2 years from the transaction date.
- Additional Benefits:
- Interest-Free Period: Up to 50 days, depending on the merchant’s charge submission.
- Smart EMI Option: Convert eligible transactions into EMIs for flexible repayment.
- Welcome Offer: ₹250 gift voucher on card activation within 37 days of issuance and payment of the joining fee.
- UPI Integration: Link the card to UPI apps for seamless “scan and pay” transactions at merchants.
- Security: Virtual card reduces risks of physical card misuse; transactions require a UPI PIN for authentication.
- Annual Fee Waiver: Renewal fee waived on spending ₹25,000 or more in the previous year.
The rewards program is straightforward but limited by monthly caps and exclusions. For example, a user spending ₹20,000 on groceries, ₹10,000 on utilities, and ₹10,000 on other eligible spends in a month earns 600 (capped at 500), 200 (capped at 200), and 100 CashPoints, respectively, totaling ₹206.25 in cashback value. This is modest compared to premium cards but appealing for low-to-moderate UPI spenders.

- Joining Fee: Rs 499+GST
- Annual Fee: Rs 499+ GST
- Enjoy 10 Reward Points on Groceries, Movies & More.
- 2000 Bonus Reward Points in the first 60 days.
- Annual fee waiver on yearly spends above Rs 1 Lakh.
Fees and Charges
The card’s fee structure is relatively affordable, making it accessible for budget-conscious users. Key fees and charges include:
- Joining Fee: ₹99 + GST (approximately ₹117).
- Annual Fee: ₹99 + GST, waived on spending ₹25,000 or more in the previous year.
- Interest Rate: 3.6% per month (43.2% annually) on unpaid balances.
- Foreign Currency Markup Fee: 3.5% + GST for international transactions.
- Cash Advance Fee: 2.5% of the amount (minimum ₹500).
- Cash Advance Limit: Up to 40% of the credit limit.
- Late Payment Charges: Vary based on outstanding balance (e.g., ₹100 for balances up to ₹500, ₹950 for balances above ₹50,000).
- UPI Transaction Fees: No additional charges for linking or conducting UPI transactions.
- Cash Payment at Bank Branch: ₹100 per payment.
The low joining and annual fees, combined with an easily achievable fee waiver threshold, make this card cost-effective. However, the high interest rate and foreign transaction fees are drawbacks for users who carry balances or travel abroad frequently.
Pros
- UPI Convenience: Seamlessly integrates with UPI apps, enabling quick and secure merchant payments.
- Low Fees: Affordable joining and annual fees (₹99 + GST) with an easy waiver condition (₹25,000 annual spend).
- Decent Rewards: Up to 3% CashPoints on groceries, dining, and PayZapp transactions, ideal for everyday UPI users.
- Interest-Free Period: Up to 50 days, providing flexibility for short-term credit needs.
- Virtual Card: Enhances security by eliminating physical card risks.
- Welcome Offer: ₹250 gift voucher adds initial value.
Cons
- Reward Caps: Monthly cap of 500 CashPoints per category limits earnings for high spenders.
- Low Redemption Value: 1 CashPoint = ₹0.25, less competitive than cards offering higher reward values (e.g., Tata Neu Infinity’s 1 NeuCoin = ₹1).
- Limited Eligibility: Only available to existing HDFC Bank credit cardholders, restricting access.
- No Premium Benefits: Lacks lounge access, fuel surcharge waivers, or dining perks offered by competitors.
- Category Exclusions: No rewards on rent, fuel, insurance, wallet loads, EMIs, or government payments.
- Restricted UPI Usage: Limited to merchant-to-merchant transactions; peer-to-peer (P2P), cash withdrawals, mutual funds, and other categories are prohibited.
- Foreign Transaction Fees: 3.5% markup fee makes it less ideal for international use.
Comparison with Peers
The following table compares the HDFC Bank UPI RuPay Credit Card with three competing RuPay credit cards available in India: Tata Neu Infinity HDFC Bank Credit Card, SBI Card IRCTC RuPay Credit Card, and IDFC FIRST Classic Credit Card. These cards were selected for their UPI compatibility and similar target audience.
Feature |
HDFC Bank UPI RuPay Credit Card |
Tata Neu Infinity HDFC Bank Credit Card |
SBI Card IRCTC RuPay Credit Card |
IDFC FIRST Classic Credit Card |
Annual Fee |
₹99 + GST (waived on ₹25,000 annual spend) |
₹1,499 + GST (waived on ₹3,00,000 annual spend) |
₹499 + GST (waived on ₹1,00,000 annual spend) |
No annual fee |
Rewards |
3% CashPoints (groceries, dining, PayZapp; max 500 points); 2% (utilities; max 500 points); 1% (others; max 500 points); 1 CashPoint = ₹0.25 |
Up to 10% NeuCoins on Tata brands; 1.5% on UPI and non-Tata spends; 1 NeuCoin = ₹1 |
5% reward points on IRCTC; 1% on UPI and others; 1 point = ₹0.25–₹1 |
3% cashback on food, entertainment, commute; 1% on others; 1 point = ₹1 |
Reward Caps |
500 points/category/month; 50,000 points/month for redemptions |
30,000 NeuCoins/month on non-Tata spends |
No specific cap mentioned |
₹200 cashback on first 4 UPI transactions |
UPI Compatibility |
Yes, via PayZapp, GPay, PhonePe, etc. |
Yes, via Tata Neu, GPay, etc. |
Yes, via BHIM, GPay, etc. |
Yes, via GPay, PhonePe, etc. |
Welcome Offer |
₹250 gift voucher |
Up to 1,500 NeuCoins |
₹500 cashback on first transaction |
100% cashback up to ₹200 on first 4 UPI transactions |
Interest-Free Period |
Up to 50 days |
Up to 50 days |
Up to 45 days |
Up to 48 days |
Foreign Transaction Fee |
3.5% + GST |
2% + GST |
3.5% + GST |
1.99% + GST |
Fuel Surcharge Waiver |
None |
1% (₹400–₹5,000, max ₹250/month) |
1% (₹500–₹3,000, max ₹100/month) |
1% (₹200–₹5,000, max ₹200/month) |
Lounge Access |
None |
8 domestic, 4 international visits/year |
4 domestic visits/year |
None |
Other Benefits |
Smart EMI, virtual card security |
5% NeuCoins on Tata bill payments, priority customer service |
1% transaction charge waiver on IRCTC |
Roadside assistance, accident cover |
Eligibility |
Existing HDFC cardholders; 21+ years; ₹20,000 monthly income (salaried) or ₹6,00,000 ITR (self-employed) |
21+ years; ₹50,000 monthly income or ₹12,00,000 ITR |
21+ years; ₹25,000 monthly income or ₹6,00,000 ITR |
21+ years; ₹25,000 monthly income or ₹6,00,000 ITR |
Recommendations
The HDFC Bank UPI RuPay Credit Card is recommended for:
- UPI-Focused Users: Ideal for those who primarily use UPI for daily transactions like groceries, dining, and utility bills, as it offers decent rewards in these categories.
- Budget-Conscious Consumers: The low joining/annual fees (₹99 + GST) and easy waiver condition (₹25,000 annual spend) make it suitable for users seeking a low-cost credit card.
- Existing HDFC Customers: Since it’s exclusive to HDFC cardholders, it’s a good add-on for those already in the HDFC ecosystem who want UPI convenience without additional physical cards.
Not Recommended For:
- High Spenders: The 500-point cap per category (₹125 cashback) and low redemption value (₹0.25 per point) make it less rewarding for large transactions.
- Travel Enthusiasts: Lack of lounge access and fuel surcharge waivers limits its appeal compared to cards like Tata Neu Infinity or SBI IRCTC.
- International Travelers: The 3.5% foreign transaction fee is higher than peers like IDFC FIRST Classic (1.99%).
Alternative Recommendations:
- Tata Neu Infinity HDFC Bank Credit Card: Choose this if you frequently shop within the Tata ecosystem or want premium benefits like lounge access. It offers higher rewards but at a higher cost.
- SBI Card IRCTC RuPay Credit Card: Opt for this if you’re a frequent train traveler, as it provides better rewards for IRCTC bookings and some lounge access.
- IDFC FIRST Classic Credit Card: Best for those seeking a no-fee card with competitive UPI cashback and lower foreign transaction fees, suitable for diverse spending patterns.
Final thought
The HDFC Bank UPI RuPay Credit Card is a niche product for UPI enthusiasts with moderate spending in specific categories. For broader rewards or premium benefits, consider alternatives like the Tata Neu Infinity or IDFC FIRST Classic, depending on your spending habits and lifestyle needs.