Base reward rate: Up to 3 CashPoints per ₹100 spent
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 99
Annual fee: 99
Pros
Offers rewards on UPI transactions, a rare feature in the market, with an excellent rate of 3% on groceries, supermarket, and dining spends.
Provides a strong accelerated reward rate of 2% on utility bill payments, a category often excluded or devalued by other cards.
Features a very low annual fee of ₹99, which is easily waived with a minimal annual spend of just ₹25,000.
The welcome bonus of a ₹250 gift voucher more than covers the ₹99 joining fee, providing immediate value to the cardholder.
Accelerates savings on everyday essentials with 3% CashPoints on PayZapp transactions, groceries, and dining.
Cons
The card is not available to everyone; it is exclusively offered as a 'floater' card to existing HDFC Bank credit cardholders.
The value of earned rewards is diminished by monthly caps on earnings in accelerated categories and a potentially lower redemption value for statement credit.
Carries a high foreign exchange markup fee of 3.50%, making it unsuitable for international purchases or travel.
A wide range of common transactions are excluded from earning rewards, including rent, fuel, insurance, wallet loads, and EMI payments.
Best Use Case
Consumers seeking rewards on UPI and everyday spends with a low annual fee.