Amazon Pay ICICI vs PhonePe HDFC Bank Uno
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
Amazon Pay ICICI and PhonePe HDFC Bank Uno differ first on recurring cost: Amazon Pay ICICI has an annual fee of ₹0 against ₹499 + GST for PhonePe HDFC Bank Uno, so Amazon Pay ICICI is cheaper to hold. On rewards, Amazon Pay ICICI earns 1% in Amazon Pay balance while PhonePe HDFC Bank Uno earns Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions. Amazon Pay ICICI has the lower forex markup at 1.99%. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-01. Confirm final terms with the issuer.
| Feature | Amazon Pay ICICI | PhonePe HDFC Bank Uno |
|---|---|---|
| Issuer | ICICI Bank | HDFC Bank |
| Joining fee | ₹0 | ₹499 + GST |
| Annual fee | ₹0 | ₹499 + GST |
| Fee waiver | No waiver recorded | ₹1,00,000 annual eligible spend |
| Base rewards | 1% in Amazon Pay balance | Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions |
| Accelerated routes | Amazon (Prime members) · Amazon (non-Prime) · Amazon Pay partner merchants | 2 Reward Points per ₹100, capped at 500 points/month · 1 Reward Point per ₹100, capped at 500 points/month · 1 Reward Point per ₹100, capped at 500 points/month |
| Reward exclusions | fuel, rent, gift cards, wallet load | fuel, rent, wallet load, emi, gift card, cash advance, credit card bill payment, fees, government, education, insurance, investment, jewelry |
| Forex markup | 1.99% | 3.5% |
| Domestic lounge | none | none |
| International lounge | none | none |
| Card networks | Visa, RuPay | RuPay |
| Best suited to | amazon, cashback, first card, lifetime free | phonepe ecosystem, first card, upi credit |
| Issuer evidence | Checked 2026-07-16 | Checked 2026-07-26 |
Frequently asked questions
Is the Amazon Pay ICICI better than the PhonePe HDFC Bank Uno?
Neither is universally better. Amazon Pay ICICI charges ₹0 a year and earns 1% in Amazon Pay balance; PhonePe HDFC Bank Uno charges ₹499 + GST and earns Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions. The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, Amazon Pay ICICI or PhonePe HDFC Bank Uno?
Amazon Pay ICICI has the lower recorded annual fee at ₹0. A spend-based waiver may reduce the effective cost of the other card, so check the waiver threshold before deciding.
Which is better for international spending, Amazon Pay ICICI or PhonePe HDFC Bank Uno?
Amazon Pay ICICI publishes the lower forex markup at 1.99% versus 3.5%. Also confirm whether international transactions earn rewards, since some issuers exclude them.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.