If you’re a food enthusiast who loves ordering in or dining out, the much-awaited Swiggy HDFC Bank credit card is the perfect choice for you! This co-branded, cashback credit card comes with exciting rewards on your dining spends, making it a fantastic option for all foodies out there. Let’s delve into the benefits, cashback offers, fees, and everything you need to know about the Swiggy HDFC Bank credit card.
Swiggy HDFC Bank Credit Card: Key Features
Cashback Offers to Savor
The Swiggy HDFC Bank credit card offers an attractive cashback on various spending categories:
- Swiggy Spends: Earn a generous 10% cashback on all your Swiggy app spends, including food orders, Instamart, Dineout, and Genie. You can enjoy up to Rs 1500 cashback per billing cycle for these transactions.
- Online Spends: For all your online shopping, including apparels, electronics, entertainment, home decor, medical stores, and more, you’ll receive a rewarding 5% cashback with a cap of Rs 1500 per billing cycle.
- Other Spends: Any other general spends will still get you a 1% cashback, with a maximum cap of Rs 500 per billing cycle.
- Fuel, Rent, EMI, Wallet, Jewellery, and Government Services: Unfortunately, there is no cashback offered for these categories.
Cashback Redemption
The cashback earned on the Swiggy HDFC Bank credit card is credited as “Swiggy Money.” Although it is not an actual statement credit, you can use Swiggy Money for food orders, Instamart, Dineout, and Genie spends on the Swiggy app. Make sure to utilize the Swiggy Money with the closest expiry date first to maximize your benefits, as it will expire after one year of earning the cashback.
Fees and Charges
The Swiggy HDFC Bank credit card comes with a joining fee of Rs 500+GST and an annual fee of Rs 500+GST. Upon renewal, you won’t receive any welcome gift like the 3 months Swiggy One membership, which could have been a desirable addition. However, you can get an annual fee waiver by spending Rs 2 Lakhs in a membership year.
Limitations
While the cashback caps are quite generous, it’s essential to note that the 5% cashback on online spends is MCC (Merchant Category Code) based. This means that the cashback is only applicable to selected merchants, and while it works for giants like Amazon and Flipkart, other e-retailers may not be covered.
My Verdict: A Rewarding Choice
The Swiggy HDFC Bank credit card is undoubtedly a lucrative option for foodies. With the ability to earn up to Rs 1500 cashback on spending Rs 15,000 on Swiggy, the card offers fantastic value for those who frequently order food online. However, it lacks some additional perks such as complimentary airport lounge access and a fuel surcharge waiver. Nevertheless, considering the impressive cashback offers, it’s an appealing choice for entry-level credit card seekers.
Frequently Asked Questions
Q: Are all spends included for the renewal fee waiver?
A: Yes, all spends, including rent and wallet spends, are considered for the renewal fee waiver.
Q: Can I get the HDFC Bank Swiggy credit card if I already have another HDFC credit card?
A: Yes, you can apply for and possess the HDFC Bank Swiggy credit card even if you already have another HDFC credit card. Each credit card comes with its own set of benefits and features, allowing you to enjoy various rewards and cashback opportunities based on your spending habits.
In conclusion, the Swiggy HDFC Bank credit card stands as a tempting choice for food enthusiasts, offering significant cashback rewards on food orders and online spends. Despite lacking certain features, its cashback potential makes it a valuable addition to your wallet. So, if you’re a foodie who enjoys exploring various dining options, this card is worth considering!