HDFC Bank, a pioneer in the Indian credit card landscape, has expanded its offerings to include the Swiggy HDFC Bank credit card, a dynamic co-branded card designed for food enthusiasts. This collaboration marks Swiggy’s first foray into the credit card realm, making it an exciting venture for both HDFC Bank and loyal Swiggy users. With an affordable joining fee of Rs. 500 plus taxes, this card packs a punch with its array of benefits and savings potential. For avid Swiggy customers who frequently indulge in online food orders, the Swiggy HDFC Bank credit card could be a delectable choice, allowing you to save up to 6.8% on annual spends exceeding Rs. 2 Lakhs. Let’s dive into the intricacies of this credit card, exploring its features, benefits, fees, and more.
Swiggy HDFC Bank Credit Card – Features and Benefits
| Feature | Benefits |
|---|---|
| Welcome Benefit | Get complimentary 3-month Swiggy One membership upon card activation. Extend your membership for 3 more months if you’re already a member. |
| Reward Rate – Cashback | – 10% cashback on Swiggy transactions (max. Rs. 1500 per billing cycle). – 5% cashback on online spends (max. Rs. 1500 per billing cycle). – 1% cashback on other spends (max. Rs. 500 per billing cycle). |
| Reward Redemption | Earn cashback as Swiggy Money, usable exclusively within the Swiggy app. Link your card with the app for redemption. |
| Mastercard World Tier Benefits | Unlock a range of privileges across sports, shopping, travel, arts, culture, and more in multiple countries worldwide. |
| Renewal Fee Waiver | Waive off Rs. 500 renewal fee on annual spends of Rs. 2 Lakhs in the anniversary year (excluding specific spends). |
| Additional Features | – Interest-free credit period of up to 50 days. – Zero lost card liability. – Revolving credit with nominal interest rate. – Up to 3 complimentary add-on cards for family members. |
Welcome Benefit: Kickstart your culinary journey with a complimentary 3-month Swiggy One membership upon card activation. Even if you’re an existing member, you can extend your membership for an additional 3 months.
Reward Rate – Cashback: Delight in a 10% cashback on all Swiggy-related transactions, covering food orders, Instamart, Dineout, and Genie. Earn up to Rs. 1500 per billing cycle. However, cashback is not applicable to Swiggy Money Wallet, Swiggy Minis, and Swiggy Liquor. Transactions under Rs. 100 are exempt from earning cashback.
5% Cashback on Online Spends: Elevate your savings with a 5% cashback on online transactions across a diverse array of top brands. This includes Nykaa, BookMyShow, Ola, Myntra, Amazon, Uber, and many more. The maximum cashback achievable per billing cycle is Rs. 1500.
1% Cashback on Other Spends: Your non-specific spends are not forgotten. Enjoy a 1% cashback on miscellaneous purchases, with a maximum cap of Rs. 500 per billing cycle. The categories excluded from this 1% cashback are Fuel, Rent, Wallet, EMI, Jewellery, and Government transactions.
Reward Redemption: The cashback earned materializes as Swiggy Money, exclusively usable within the Swiggy app. Whether it’s food orders, Instamart, Genie, or Dineout, Swiggy Money is your ticket to further savings. To utilize the cashback, you must link your credit card with the Swiggy app, ensuring a seamless redemption process. Swiggy Money holds a one-year validity, with the closest-to-expiry funds utilized first.
Mastercard World Tier Benefits: As a holder of the Swiggy HDFC Bank credit card, you gain entry into the realm of Mastercard World Tier privileges. Revel in an assortment of benefits, including complimentary loyalty memberships, travel and dining perks, and cultural experiences across numerous global destinations.
Renewal Fee Waiver: Demonstrating your loyalty pays off. Attain a renewal fee waiver of Rs. 500 on achieving annual spends of Rs. 2 Lakhs during the card’s anniversary year. Note that specific spends like Cash on Call, Cash Withdrawal, and Balance Transfer do not contribute to this waiver.
Additional Features: Relish up to 50 days of interest-free credit from the date of purchase. Benefit from zero liability for fraudulent transactions upon prompt reporting of card loss or theft. The card’s revolving credit option comes with a nominal interest rate. Extend the perks to your family with up to three complimentary add-on credit cards.
How to Link the Credit Card to the Swiggy App
Linking your credit card to the Swiggy app is a breeze. Follow these steps:
- Open the Swiggy app and navigate to the Accounts section.
- Apply for the Swiggy HDFC Bank credit card and access the Credit Card page.
- Choose the Swiggy HDFC Bank Credit Card.
- Scroll down and click on “Already Got the Card?” to link your card.
- Enter your registered mobile number and verify the OTP for successful authentication.
Swiggy HDFC Bank Credit Card – Fees and Charges
| Type of Charge | Fee |
|---|---|
| Joining and renewal fee | Rs. 500 plus taxes. |
| Interest rate | 3.6% per month or 43.2% p.a. |
| Cash advance fee | 2.5% of amount or Rs. 500, whichever is higher. |
| Forex markup fee | 3.5% of the transaction amount |
| Renewal fee waiver | Spend Rs. 2 Lakhs in the previous year for renewal fee waiver. |
| Late payment charges | Varies based on outstanding amount. |
| Overlimit charges | 2.5% of overlimit amount, subject to a minimum of Rs. 500. |
| Duplicate statement request | Rs. 100 per statement. |
| Card replacement fee | Rs. 100 per replacement. |
| Foreign currency transactions | 3.5% of the transaction amount |
| Return of cheque | Rs. 450 per instance. |
Eligibility Criteria and Documents Required
To apply for the Swiggy HDFC Bank credit card, ensure you meet these eligibility criteria:
- Age: 21 to 60 years (salaried), 21 to 65 years (self-employed).
- Citizenship: Indian.
- Minimum monthly salary of Rs. 25,000 for salaried individuals or an ITR return of Rs. 6 Lakhs or more per annum for self-employed individuals.
Required documents include ID proof (Aadhar Card, PAN Card, Driver’s License, Passport), address proof (Aadhar Card, Rent Agreement, Utility Bills), and income proof (salary slips and bank statements for salaried individuals, audited ITR for self-employed individuals).
How to Apply for the Swiggy HDFC Bank Credit Card
Applying for the Swiggy HDFC Bank credit card is a straightforward process. You can opt for either of the following methods:
1. HDFC Bank’s Official Website:
- Visit the official HDFC Bank website.
- Navigate to the “Credit Cards” section.
- Find the Swiggy HDFC Bank credit card and click on “Apply Now.”
- Follow the on-screen instructions to fill out the application form.
- Submit the necessary documents as required.
2. HDFC Bank’s Mobile App:
- Download the HDFC Bank mobile app (if not already installed).
- Log in to your HDFC Bank account or create a new account.
- Under the “Credit Cards” section, locate the Swiggy HDFC Bank credit card.
- Click on “Apply Now” and provide the requested details.
- Upload the necessary documents as specified.
Frequently Asked Questions (FAQs) – Swiggy HDFC Bank Credit Card
1. What is the Swiggy HDFC Bank credit card?
The Swiggy HDFC Bank credit card is a co-branded credit card that offers exclusive benefits and cashback offers for Swiggy users. It provides attractive rewards on Swiggy transactions, online spends, and other categories, making it an ideal choice for food enthusiasts and online shoppers.
2. What is the joining fee for the Swiggy HDFC Bank credit card?
The joining fee for the Swiggy HDFC Bank credit card is Rs. 500 plus taxes.
3. What is the welcome benefit of the Swiggy HDFC Bank credit card?
Upon card activation, you receive a complimentary 3-month Swiggy One membership. If you are already a member, you can extend your membership for an additional 3 months.
4. How can I earn cashback with the Swiggy HDFC Bank credit card?
You can earn cashback through the following ways:
10% cashback on Swiggy transactions (up to Rs. 1500 per billing cycle).
5% cashback on online spends (up to Rs. 1500 per billing cycle) on select brands.
1% cashback on other spends (up to Rs. 500 per billing cycle).
5. Can I redeem the cashback earned through the Swiggy HDFC Bank credit card?
Yes, the cashback earned is in the form of Swiggy Money, which can be used exclusively within the Swiggy app. Link your credit card with the Swiggy app to redeem your cashback.
6. What are the Mastercard World Tier Benefits offered with the card?
As a Mastercard World Tier card, you gain access to a range of privileges across sports, shopping, travel, arts, culture, and more in multiple countries worldwide.
7. Is there a renewal fee for the Swiggy HDFC Bank credit card?
Yes, there is a renewal fee of Rs. 500 plus taxes. However, you can get this fee waived off by spending Rs. 2 Lakhs in the previous year, excluding specific spends.
8. Can I link my Swiggy HDFC Bank credit card to the Swiggy app?
Yes, you can link your credit card to the Swiggy app. To do so, open the Swiggy app, navigate to the Accounts section, apply for the credit card, choose the Swiggy HDFC Bank Credit Card, and follow the instructions to link it.
9. What are the eligibility criteria to apply for the Swiggy HDFC Bank credit card?
To apply for the card, you should be between 21 and 60 years of age (salaried) or 21 and 65 years of age (self-employed). You must also be an Indian citizen and meet the minimum income criteria.
10. How can I apply for the Swiggy HDFC Bank credit card?
You can apply for the Swiggy HDFC Bank credit card through HDFC Bank's official website or mobile app. Simply locate the credit card, fill out the application form, and submit the required documents.
11. Can I use the cashback earned for any other purpose than Swiggy transactions?
No, the cashback earned is in the form of Swiggy Money and can only be used within the Swiggy app for food orders, Instamart, Genie, and Dineout.
12. Is there an interest-free credit period with the Swiggy HDFC Bank credit card?
Yes, you can enjoy an interest-free period of up to 50 days from the date of purchase on spends made with the Swiggy HDFC Bank credit card.
13. What is the process to redeem cashback earned through the Swiggy HDFC Bank credit card?
To redeem the cashback, select Swiggy Money as the payment method within the Swiggy app during your transactions. Swiggy Money with the closest expiry date will be used first automatically.
14. Can I get add-on cards for family members with the Swiggy HDFC Bank credit card?
Yes, you can get up to 3 complimentary add-on credit cards for your family members with the Swiggy HDFC Bank credit card.
15. How can I contact HDFC Bank's customer service for queries related to the credit card?
You can contact HDFC Bank's customer service through their helpline number or visit their nearest branch. Additionally, you can visit HDFC Bank's official website for more information and assistance.
In Conclusion
The Swiggy HDFC Bank credit card presents a delectable proposition for both ardent Swiggy users and credit card enthusiasts alike. With its enticing cashback rewards, Mastercard World Tier privileges, and straightforward redemption process, this card seamlessly marries dining indulgence with financial prudence. The welcome benefit of a complimentary 3-month Swiggy One membership adds an extra layer of gratification. So, whether you’re savoring gourmet meals or exploring a world of savings, the Swiggy HDFC Bank credit card might just be the perfect addition to your wallet. Share your thoughts on this newly-introduced credit card in the comments below.