PhonePe HDFC Bank Uno credit card review: fees, rewards and eligibility
The PhonePe HDFC Bank Uno has a recorded annual fee of ₹499 plus GST and a base earn of Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions. CardMasters checked its issuer terms on 2026-07-26. Affiliate commission never changes ranking; confirm final terms and approval with HDFC Bank.
PhonePe HDFC Bank Uno: short answer
The PhonePe HDFC Bank Uno is in the entry tier of HDFC Bank credit cards, with a joining fee of ₹499, an annual fee of ₹499 plus GST (waived on ₹1,00,000 of eligible annual spend), a base earn of Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions and a 3.5% forex markup. Rewards are not earned on fuel, rent, wallet load, emi, gift card. It suits phonepe ecosystem, first card, upi credit spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-07-26. Confirm final terms with the issuer.
Reward structure
Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions
- 2 Reward Points per ₹100, capped at 500 points/month on Select PhonePe categories: recharges, bills, travel and stays (500 points monthly cap) — Transactions must be initiated in PhonePe with the PhonePe card and match an eligible issuer MCC. Not included in the estimate because the profile does not capture PhonePe-routed spend.
- 1 Reward Point per ₹100, capped at 500 points/month on Select online brands (500 points monthly cap) — Amazon, Flipkart, Myntra, AJIO, Uber, Swiggy and Zomato only, subject to eligible MCCs. Not included in the estimate because the profile does not capture merchant-level routing.
- 1 Reward Point per ₹100, capped at 500 points/month on QR Scan & Pay (500 points monthly cap) — Eligible merchant QR UPI payments only. Not included in the estimate because the profile does not capture Scan & Pay routed spend.
Eligibility and important limits
minimum age 21, maximum salaried age 60, published monthly income floor ₹25,000 Approval remains solely at the issuer’s discretion.
Does not earn: fuel, rent, wallet load, emi, gift card, cash advance, credit card bill payment, fees, government, education, insurance, investment, jewelry.
Important limit: The 2% rate requires eligible bills or travel transactions initiated in PhonePe using the PhonePe card; issuer MCC and VPA/TID rules apply.
Frequently asked questions
What is the annual fee for the PhonePe HDFC Bank Uno?
The published annual fee in our current record is ₹499 plus applicable GST. It can be waived after ₹1,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the PhonePe HDFC Bank Uno?
Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions. Accelerated routes include 2 Reward Points per ₹100, capped at 500 points/month on Select PhonePe categories: recharges, bills, travel and stays (500 points monthly cap); 1 Reward Point per ₹100, capped at 500 points/month on Select online brands (500 points monthly cap); 1 Reward Point per ₹100, capped at 500 points/month on QR Scan & Pay (500 points monthly cap). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the PhonePe HDFC Bank Uno?
The current issuer-sourced exclusions recorded by CardMasters include fuel, rent, wallet load, emi, gift card, cash advance, credit card bill payment, fees, government, education, insurance, investment, jewelry. Merchant category coding and issuer terms determine final eligibility.
Who should consider the PhonePe HDFC Bank Uno?
It is most relevant for people focused on phonepe ecosystem, first card, upi credit. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the PhonePe HDFC Bank Uno worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹499 plus GST each year. The fee is waived at ₹1,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the PhonePe HDFC Bank Uno?
The published minimum age is 21. The published monthly income floor is ₹25,000. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the PhonePe HDFC Bank Uno?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the PhonePe HDFC Bank Uno offer airport lounge access?
Domestic lounge access: none. International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.