An annual earning scenario is available below. Redemption conditions and benefits outside that scenario still need confirmation.
PhonePe HDFC Bank Ultimo Credit Card
Review PhonePe HDFC Bank Ultimo Credit Card fees, features, annual savings, missed-payment cost and alternatives using your own spending. The calculation shows both the rewards you may gain and repayment costs that can erase those gains.
Calculation coverage & fees
Complete card facts
Calculation coverage
Annual earning evidence & conditions
Annual scenario review · 16 September 2026
Annual earning model available
Eligible repeated-month retail scenario; explicit channel confirmations and current redemption conditions apply. Welcome and milestone benefits are excluded.
The annual calculator uses repeated eligible domestic spending and standard renewal fees. It shows the documented cash route, a clearly labelled reference estimate, or points with your selected redemption quote. Vistara projections stop at the programme closure date. This review does not certify every benefit, offer or account condition.
See this card’s annual resultRedemption evidence & open checks
Research coverage
What has been checked for this card?
We keep issuer research separate from the calculator so an unresolved cap, exclusion or redemption route can never become an invented rupee saving.
Features & benefits
What this card can offer
These features come from the issuer information used for this card's automatic calculation profile. Check the calculation notes for restrictions and unresolved rules. Reward value may be limited to vouchers or travel rather than cash.
Annual calculation with current caps
Uses repeated monthly eligible purchases, transaction thresholds and documented category caps. Open the annual calculator for its full breakdown.
Statement credit route
The calculation applies supported earning limits and redemption charges; prior-cycle history can change the amount received.
₹999 annual renewal fee
Before GST; renewal waiver at ₹2,00,000 annual spending. Welcome offers and milestone vouchers are excluded from this estimate.
Your money
See savings, fees and the cost of paying late
Annual value comparison
Use your real monthly spending. The same inputs are compared across available monetary models; profiles with unresolved rules are withheld.
Compare this card with all 87Card overview
What PhonePe HDFC Bank Ultimo Credit Card is designed to offer
PhonePe HDFC Bank Ultimo Credit Card appears in the Accurate Paisa directory under Cashback, RuPay UPI. This classification helps compare cards designed for similar spending, but your real return depends on eligible merchants, caps, exclusions, redemption and whether you pay an annual fee.
Transparent rules
How Accurate Paisa calculates its value
Your monthly spending is annualised, then the recorded reward rates, caps and milestone rules are applied. Eligible fee waivers are checked before the annual fee and GST are subtracted. The outcome is a rupee estimate and effective return, not a promise of earnings.
- ✓Eligible domestic retail only; each monthly category repeats 12 times. One transaction per category unless you provide actual amounts. Settlement dates, refunds and existing rewards can change caps.
- ✓Exclude insurance, education, rent, government, gaming, jewellery, gift cards, wallet loads and EMI from these retail inputs. Welcome offers, lounge access, milestone vouchers and SmartBuy bonuses are not added.
- ✓Annual renewal fee includes 18% GST. Fuel surcharge/waiver, merchant convenience fees and foreign exchange charges are not valued; bank high-value fuel and utility charges are included. Utility charges treat telecom as part of the utility total.
- ✓Statement route: ₹1/point, minimum 500 points, 7,500 points/month redemption cap. Assumes planned batching, sufficient outstanding balance and redemption before two-year expiry. Charges include GST. Final-month points may post next month.
- ✓Confirm PhonePe bill/travel channel and MCC, named online brand and MCC, or actual merchant QR scanning separately. Unconfirmed categories are unvalued. Enter each purchase once; the UPI bucket must not repeat bills or online purchases. Fractional earnings are indicative pending statement rounding.
Do not spend more just to reach a reward or fee waiver. Credit-card finance charges can be several times larger than ordinary reward rates, so paying the full statement balance by the due date is the most important assumption behind a positive card-value estimate.
Questions & answers
Frequently asked questions
What type of card is PhonePe HDFC Bank Ultimo Credit Card? +
It is listed by HDFC Bank under Cashback, RuPay UPI. Approval and the application route remain subject to the issuer's current rules.
How is the annual value of PhonePe HDFC Bank Ultimo Credit Card calculated? +
Where a supported estimate is available, Accurate Paisa applies the recorded reward conversion, caps, fees and assumptions to your annual spending. Redemption restrictions can reduce the value you realise.
How is net card value calculated? +
Net annual value equals usable rewards plus eligible milestone value, minus the annual fee with GST and modelled transaction and redemption charges.
What happens if I miss a payment? +
Interest may apply to the unpaid balance, a late fee and GST may be charged, and the interest-free period can be lost. Use the estimator below with your statement figures.
Does the highest saving always mean the best card? +
No. Approval, acceptance, support, redemption, foreign-exchange charges and your ability to repay the full statement balance also matter.
Cardholder voice
Value, support and owner experience
No moderated cardholder rating is published yet. Accurate Paisa keeps its mathematical value score separate until enough real reviews are available.
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