Swiggy HDFC Bank Credit Card
HDFC Bank is one of the top credit card issuers in India, offering cards for different needs like travel, shopping, and fuel. HDFC has partnered with Swiggy to launch the Swiggy HDFC Bank credit card.
This is the first time Swiggy has worked with a bank to offer a credit card. The card has a joining fee of ₹500 plus taxes, and it's ideal for people who often order from Swiggy. With this card, you get 10% cashback on all Swiggy purchases, including Dineout and Instamart. You also get a free 3-month Swiggy One membership worth ₹1,199 as a welcome gift.
The card is available on the Mastercard network, and you can apply through the Swiggy app or HDFC Bank. You also get World Tier Mastercard benefits at top brands and locations. If you order food often and want to save more, this card is a great option. You can earn cashback on both Swiggy and other popular brands. Keep reading to find out more about the Swiggy HDFC Bank credit card, its features, and fees!
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How to get the welcome benefit of Swiggy One Membership?
Swiggy One membership is free for 3 months with the Swiggy HDFC Bank Credit Card. To get it, link your card with Swiggy if you applied from HDFC Bank. If you applied through Swiggy, the membership will activate once you activate your card.
What if I already have a Swiggy One Membership?
Your current Swiggy One Membership will get an extra 3 months. For example, if you have 6 months left, you’ll now have 9 months.
When does Swiggy Money Cashback expire?
Swiggy Money Cashback expires one year after you earn it.
How does Swiggy Money work?
Swiggy Money is added to your account 8-10 days after your billing statement. You can use it to pay for orders on the Swiggy app.
What’s the cashback rate on the credit card?
The card gives 10% cashback on Swiggy purchases (like food orders, Dineout, Genie, Instamart), 5% cashback on online shopping at top brands, and 1% cashback on other purchases. The cashback has a limit: ₹1500 for the 10% and 5% categories, and ₹500 for the 1% category per billing cycle.
How do I use the cashback earned?
The cashback will automatically be applied to your next credit card statement.
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