What is the annual fee for the HDFC Bank PhonePe Ultimo?

The annual fee for the HDFC Bank PhonePe Ultimo is ₹999. It can be waived on annual spends of ₹2,00,000.

Does the HDFC Bank PhonePe Ultimo offer airport lounge access?

Yes — the HDFC Bank PhonePe Ultimo offers 8 domestic per year lounge visits.

What rewards does the HDFC Bank PhonePe Ultimo earn?

It earns 1% on eligible spends as Reward Points.

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PhonePe Ultimo — HDFC Bank Credit Card | Card Manager

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HDFC

entry

•••• •••• •••• 0000

PhonePe Ultimo

RuPay

PhonePe Ultimo

HDFC Bank • RuPay• Entry

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Annual Fee

₹999

Base Reward Rate

1.00%

Foreign Tx Fee

3.5%

Tier

Entry

Joining Fee

₹999

Verified

2026-05-25

Airport Lounge Access

Domestic & international access details and eligibility criteria

domestic—

8 per yearmedium

⚠️ Activation: ₹75,000 per quarter

2/qtr; ₹75K spend req.

Earnings Projection

Estimate annual rewards based on your typical monthly spend

Other / General₹20,000/mo

+₹200

Dining₹5,000/mo

+₹50

Grocery₹8,000/mo

+₹80

Fuel₹3,000/mo

—

Travel₹5,000/mo

+₹50

Online Shopping₹8,000/mo

+₹400

Utilities₹3,000/mo

+₹30

Annual earnings

₹9,720

Blended 1.56% effective return

Monthly spend₹52,000

Monthly earnings+₹810

Estimates use this card's best matching rule per category. Caps applied where known. Milestones not included.

Notes

₹999 PhonePe vouchers welcome. 10% PhonePe (₹1K cap/mo). 5% Amazon/Flipkart/Swiggy. 8 lounges/yr (₹75K qtr spend req).

Benefits & Perks

Rewards

1 Reward Points ≈ ₹0.25–₹1 depending on redemption (cashback → flights/transfer).
value range
1% base reward rate on all eligible spends
1.00%medium
Preferred Partners: 10% — On PhonePe bills/recharges/travel.
10.0% · cap 1,000/momedium

Online: 5% — On Amazon/Flipkart/Swiggy.

5.0% · cap 500/momedium

Forex

3.5% forex markup on international card transactions
3.5%

Travel

domestic via direct: 8 per year — needs ₹75,000/quarter to activate
8/yearmedium

Payments

Joining fee: ₹999. Annual: ₹999.
₹999
Annual fee waived on spending ₹2,00,000 per year.
Spend ₹2,00,000
Milestone: spend ₹75,000/quarter → 2 complimentary domestic airport lounge visits each quarter on spends of ₹75,000 or more in the quarter
high