Cards / HDFC

Joining fee

₹999

Annual fee

₹999

Waiver spend

₹2,00,000

Forex markup

3.5%

Fee waiver

Spend ₹2,00,000 in a card year and the next annual fee is waived.

That is about ₹16,667 a month.

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Work it out for this card

How the app counts rewards

• 10% back as points on recharges, bills and travel booked in the PhonePe app (up to 1,000 points a month)
• 5% back as points on Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato and Uber (up to 500 points a month)
• No points on other card spends (UPI Scan & Pay earns 1%, up to 500 points a month)

No rewards on education, fuel, insurance, rent, wallet loads.

Airport lounges

• Domestic: 2 visits a quarter

Needs ₹75,000 spend in the calendar quarter; up to 8 a year

Points

Reward Points, worth about ₹1 each on the usual redemption. Expire after 2 years.

Who can apply

• Age 21 to 60
• Salaried: income of ₹3,00,000 a year or more
• Self-employed: income of ₹26,00,000 a year or more

Salaried: gross ₹25,000 a month, age 21 to 60. Self-employed: ₹26 lakh a year as the bank states it, age 21 to 65. Apply only in the PhonePe app

Published minimums. Approval is the bank's decision.

Checked against the bank's terms. Banks change terms often, so check the latest terms before applying.

Taken from the bank's page. Rules data version 2026.10.04.

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