Swiggy HDFC Credit Card

• The card offers 1% cashback on other categories, up to Rs.500 per billing cycle

• As per latest RBI (Reserve Bank of India) guidelines, on activation of card Complimentary Swiggy One Membership will be offered for three months

• The cashback is credited as a statement credit and adjusted against your credit card statement, with effect from 21 June 2024

• Transactions made using Swiggy Minis, Swiggy Money Wallet, and Swiggy Liquor, and any other categories will not earn any cashback

• Cashback is adjusted automatically against the credit card statement, so no separate redemption step is needed

• The 5% cashback on online spends applies to categories such as apparels, electronics, department stores, personal care, local cabs, home décor, pet stores and supplies, pharmacies, discount stores and entertainment.

• Cashback is not earned on rent, fuel, jewellery, wallet loads, government-related transactions, EMI transactions of all types, cash advances, purchase of travellers' cheques, purchase of foreign currency and fees, and interest charges and penalties.

HDFC Bank has started a phased transition of existing Swiggy HDFC Bank Credit Card holders to either the Swiggy Ornge HDFC Bank Credit Card or the Swiggy BLCK HDFC Bank Credit Card variant. Until then, cardholders continue to enjoy the benefits of their current card.

Additional Features of Swiggy HDFC Credit Card

Here is the list of some of the additional features of Swiggy HDFC Credit Card:

• Offers complimentary Swiggy one Membership as welcome benefit for three months on activation of the card

• Exclusions for eligibility of renewal year fee waiver for spending of Rs.2 lakh or more are cash withdrawal, cash on call, and balance transfer

• Ensures zero lost card liability on reporting the loss immediately to the 24-hour call centre

• Customers are provided with revolving credit at a nominal interest rate on your Swiggy HDFC Bank credit card

• From the date of purchase, the customer can enjoy up to 50 days of interest-free period on the Swiggy HDFC Bank Credit Card

• Offers Smart EMI facility on large purchase through Swiggy HDFC Bank Credit Card

• A balance transfer processing fee of 1% of the loan amount, subject to a minimum of Rs.250, plus applicable taxes, is charged

• Cashback is applicable for amount of Rs.100 or more

• Maximum of Rs.5,000 for a single transaction is allowed for contactless payment without credit card PIN

• For amount of Rs.5,000 or more, Credit Card PIN is required for security reasons

Eligibility Criteria for Swiggy HDFC Credit Card

The following are the eligibility criteria that applicants must fulfill to apply for Swiggy HDFC Credit Card:

Applicants need to submit identity proof (such as a passport, Aadhaar card, voter ID, driving licence or PAN card), address proof (such as a utility bill, rental agreement, passport, Aadhaar card or voter ID) and income proof (such as salary slips, Income Tax Returns, Form 16 or bank statements). 

You can apply for the Swiggy HDFC Credit Card on the HDFC Bank website, through HDFC Bank NetBanking if you are an existing customer, or at an HDFC Bank branch. In certain cases, you may need to upload documents and complete a video KYC.

How Does Swiggy Money Work?

Here are the details about how Swiggy Money work:

• Swiggy Money is credited to Swiggy account of the customer
• The Swiggy Money is delivered for the statement month within eight to ten days of statement generation

• Swiggy Money can be redeemed on Swiggy applications
• Option of paying via Swiggy Money to pay the bill can be directly chosen while placing order on the Swiggy application
• The Swiggy Money until utilised keeps accumulating for the entire month
• With effect from 21 June 2024, cashback redemption will be reflected in the credit statement. However, existing Swiggy money will continue to be credited in the customer's account in the Swiggy App

Cashback earned on the Swiggy HDFC Credit Card after 21 June 2024 is adjusted as a statement credit and is not credited as Swiggy Money, so the points above apply to Swiggy Money earned earlier. 

How to Link Swiggy HDFC Credit Card with Swiggy Application?

The following are ways to link Swiggy HDFC Bank credit card with Swiggy application:

• Visit the Swiggy application, go to the Credit Card page
• Click on Accounts section
• Select the card, in this case, the Swiggy HDFC Bank Credit Card
  
• Click on the link and enter the mobile number provided in the credit card application

• Submit the OTP (One Time Password) received on your registered mobile number to link the card

Fees and Charges of Swiggy HDFC Credit Card

Here are the fees and charges applicable on Swiggy HDFC Bank Credit Card:

• Joining Fee or Renewal Membership Fee: Rs.500 along with applicable charges
• Renewal Fee Waiver: On yearly spending of Rs.2 lakh or more

• Minimum Amount Due: 5% of the total outstanding amount or Rs.200, whichever is higher 

• Reissue Charges for a Lost or Damaged Card: Rs.199 plus applicable taxes for non-metal cards 

• Dynamic Currency Conversion Markup: 3.5% of the transaction amount

Comparing Swiggy HDFC vs ICICI Amazon Pay vs Axis Flipkart

Let's compare the HDFC Swiggy Credit Card's substantial cashback against other similar cards like Amazon Pay ICICI and Flipkart Axis Bank Credit Cards. By comparing these credit cards with comparable cashback and co-branded perks, we can better understand their unique offerings.

Summary

The Swiggy HDFC Credit Card is a Swiggy-focused cashback card from HDFC Bank that pays higher cashback on Swiggy services and eligible online spends and includes a complimentary Swiggy One membership as a welcome benefit. Check the eligibility criteria, cashback caps, exclusions and fees above before you apply, and note that HDFC Bank is moving existing cardholders to newer Swiggy variants in phases. Compare it with other co-branded cards and apply through BankBazaar to get started.

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