PhonePe HDFC Bank Uno vs slice UPI Credit Card
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
PhonePe HDFC Bank Uno and slice UPI Credit Card differ first on recurring cost: PhonePe HDFC Bank Uno has an annual fee of ₹499 + GST against ₹0 for slice UPI Credit Card, so slice UPI Credit Card is cheaper to hold. On rewards, PhonePe HDFC Bank Uno earns Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions while slice UPI Credit Card earns 1% cash value at the entry redemption slab on eligible domestic spends. slice UPI Credit Card has the lower forex markup at 0%. 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 | PhonePe HDFC Bank Uno | slice UPI Credit Card |
|---|---|---|
| Issuer | HDFC Bank | Slice Small Finance Bank |
| Joining fee | ₹499 + GST | ₹0 |
| Annual fee | ₹499 + GST | ₹0 |
| Fee waiver | ₹1,00,000 annual eligible spend | No waiver recorded |
| Base rewards | Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions | 1% cash value at the entry redemption slab on eligible domestic spends |
| Accelerated routes | 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 | None recorded |
| Reward exclusions | fuel, rent, wallet load, emi, gift card, cash advance, credit card bill payment, fees, government, education, insurance, investment, jewelry | fuel, rent, wallet load, insurance, emi, education, government, gaming, international, agriculture, cash advance, financial institutions |
| Forex markup | 3.5% | 0% |
| Domestic lounge | none | none |
| International lounge | none | none |
| Card networks | RuPay | RuPay |
| Best suited to | phonepe ecosystem, first card, upi credit | upi credit |
| Issuer evidence | Checked 2026-07-26 | Checked 2026-07-26 |
Frequently asked questions
Is the PhonePe HDFC Bank Uno better than the slice UPI Credit Card?
Neither is universally better. PhonePe HDFC Bank Uno charges ₹499 + GST a year and earns Rewards apply only to issuer-listed PhonePe categories, select online brands and QR Scan & Pay transactions; slice UPI Credit Card charges ₹0 and earns 1% cash value at the entry redemption slab on eligible domestic spends. 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, PhonePe HDFC Bank Uno or slice UPI Credit Card?
slice UPI Credit Card 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, PhonePe HDFC Bank Uno or slice UPI Credit Card?
slice UPI Credit Card publishes the lower forex markup at 0% 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.