# PhonePe HDFC Bank Ultimo HDFC Bank · RuPay. ₹999 fee · 3.5% forex · 1% on Scan & Pay (QR scan only, any UPI platform), cap 500 RP/mo · no base rate: other spends earn 0. ✓ official · checked 16 July 2026 · Source: https://www.hdfc.bank.in/content/dam/hdfcbankpws/in/en/personal-banking/discover-products/cards/credit-cards/phonepe-hdfc-bank-ultimo-credit-card/phonepe-hdfc-bank-ultimo-cc-faqs.pdf ## How it earns (3) - 1% on Scan & Pay (QR scan only, any UPI platform), cap 500 RP/mo · no base rate: other spends earn 0 · cap 500 points per month · ✓ official · checked 16 July 2026 - 10% on PhonePe app Recharges & Bills and Travel & Stays, cap 1,000 RP/mo · only for txns made on the PhonePe app · cap 1,000 points per month · ✓ official · checked 16 July 2026 - 5% on online brands (Amazon, Flipkart, Myntra, Ajio, Uber, Swiggy, Zomato), cap 500 RP/mo · cap 500 points per month · ✓ official · checked 10 July 2026 ## On gift vouchers - Gift vouchers earn nothing on this card. Worked out on a ₹10,000 voucher with no deal running. Card data current to 21 October 2026. Every card on vouchers: https://voucher.getbrief.cards/best-cards-for-vouchers ## What earns nothing (2) - No RP on wallet loads and gift cards - No RP: EMI, fuel, wallet, gift cards, govt, rent, education, insurance, investments, jewellery, plus other categories at the bank's discretion ## Lounges (1) - 2 domestic visits a calendar quarter, after ₹75,000 spent in that quarter. Cash, EMI and fees do not count. · Domestic · domestic · 8 per year · checked 10 July 2026 ## Fees - Annual fee: ₹999 + GST Waived at ₹2,00,000 spend per card year - Forex markup: 3.5% - DCC markup: 1.75% - Earns: PhonePe HDFC Reward Points · ₹1 a point at baseline ## Dated changes (0) Every change, dated: https://getbrief.cards/changes --- Fees are before GST. A rate that has aged says so. Brief is not a financial adviser and takes no fee from any bank for the order of this page. All cards: https://getbrief.cards/cards Canonical: https://getbrief.cards/cards/hdfc-phonepe-ultimo