Benefits of HDFC Swiggy Credit Card
Introduction
The Swiggy HDFC Credit Card has quickly become one of the top cashback cards in India. Launched in partnership with Swiggy, one of India’s leading food delivery platforms, this co-branded credit card offers an impressive cashback program with a low annual fee of ₹500 + GST (₹590). The fee is offset by a free three-month Swiggy One membership, making it even more valuable.
Cardholders can enjoy 10% cashback on Swiggy-related purchases, including food orders, Dineout, Genie, and Instamart, covering food, groceries, and dining expenses. For frequent Swiggy users, this could lead to annual savings of up to ₹42,000. Read on to discover more about the features, fees, and benefits of the Swiggy HDFC Credit Card.
Eligibility Criteria
The eligibility criteria for the Swiggy HDFC Credit Card are quite standard: only Indian nationals can apply, with salaried individuals between the ages of 21-60 earning ₹15,000+ per month, and self-employed individuals aged 21-65 with an annual ITR of ₹6 Lakhs or more being eligible. Also, if you’re holding any other HDFC Credit Card, you can still apply.
| Individuals | Years of Age | Income |
|---|---|---|
| Salaried | 21-60 | ₹15,000+ per month |
| Self-Employed | 21-65 | ₹6 Lakhs or more |
Fees and Charges
The annual fees for the Swiggy HDFC Credit Card is ₹500 + GST (₹590), but as a welcome benefit you will get 3-month Swiggy One Membership. However, if you spend ₹2 lakh or more in a year, before your Credit Card renewal date, you will get your renewal fee waived off.
| Joining Fees | ₹500 + GST (₹590) |
|---|---|
| Welcome Benefit | 3 Month Swiggy One Membership worth ₹1,199 |
| Annual Fees | ₹500 + GST (₹590) |
| Renewal Benefit | Not Applicable |
| Annual Fees Waiver | Waived off for annual card spends over ₹2 lakhs |
Cashback on Swiggy HDFC Bank Credit Card
The cashback structure of the Swiggy HDFC makes it very interesting as you will get a flat 10% cashback on all Swiggy spends, 5% on online purchases, and 1% on other spends. Here’s the overview of the cashback:
| Spends Category | Cashback | Maximum Capping | Exclusions |
|---|---|---|---|
| Swiggy Spends (includes Food ordering, Instamart, Dineout and Genie) | 10% | ₹1,500 per month (maximum spends of ₹15,000) | Swiggy Money Wallet, Swiggy Liquor and Swiggy Minis |
| Online Spends (Flipkart, Amazon, Meesho, Ajio, Ola, Uber, ZoomCar and more) | 5% | ₹1,500 per month (maximum spends of ₹30,000) | Gift Card and Grocery |
| Other Spends | 1% | ₹500 per month (maximum spends of ₹50,000) | Fuel, Rent, EMI, Wallet, Jewellery, and Government Related Transactions |
On top of this, you will receive an extra 10% discount up to ₹500, on your birthday.
Now, cashback redemption will be credited directly to your statement instead of Swiggy Money, making it even more convenient as your funds are no longer tied up with Swiggy.
The monthly cashback cap is thoughtfully designed to suit the average user, offering flexibility without being too limiting. Keep in mind, there's a distinct cashback structure and capping for Swiggy, online, and other spends.
Mastercard World Tier Benefits with Swiggy HDFC Credit Card
The Swiggy HDFC Bank Credit Card offers exclusive Mastercard World Tier benefits, providing access to a range of perks across various categories such as dining, travel, and entertainment.
- Complimentary Golf Access: Enjoy four complimentary rounds of green fees every calendar year (one round per month). Plus, get twelve complimentary golf lessons annually, with an option for discounted golf services at 50% off the regular green fee.
- Discounted Travel: Get up to 12% off on Agoda bookings.
- Complimentary Stay & Dinner: Avail a complimentary stay and dinner for one person at select Mastercard partner locations worldwide.
These benefits make the Swiggy HDFC card an even more valuable option for those seeking a blend of lifestyle and travel privileges. To avail these services, you can contact the customer service number at 1800-102-6263 or visit this website.
Earn IndiGo BluChips Through Swiggy Order
With the Swiggy HDFC Credit Card, you can earn more than just cashback. In addition to the discounts and offers, cardholders can also accumulate IndiGo BluChips through this new partnership.
For every ₹100 spent on Swiggy's platforms, including Swiggy Food Delivery, Dineout, and Instamart, you will earn 1 IndiGo BluChip. This added benefit allows you to accumulate rewards that can be redeemed for travel perks, enhancing your dining and shopping experience.
Furthermore, accumulating enough points can earn you a free flight ticket, which is an amazing bonus on top of cashback. As a welcome reward, you will also receive a free 3-month Swiggy One membership (even if you're already a member, it will be extended).
Additional Benefits and Fees
- Complimentary Airport Lounge Access: The Swiggy HDFC Bank credit card does not provide complimentary access to airport lounges.
- Fuel Surcharge Waiver: This card does not offer a fuel surcharge waiver.
- Foreign Currency Transaction Fees: 3.5% + GST (totaling 4.13%).
- Finance Charges: 3.75% per month, equating to an annual rate of 45%.
Conclusion
The Swiggy HDFC Credit Card offers solid cashback benefits across various categories. You can earn up to ₹1,500 cashback on Swiggy spends, making it an ideal choice for food lovers who frequently order in, buy groceries or dine out. The additional 5% cashback on select MCCs enhances its appeal, especially if you already have other cashback cards like HDFC Millennia or SBI Cashback. Not just that, you will also earn Indigo BluChips which will help you accumulate points and get free flight in the future.
While it lacks perks like airport lounge access and fuel surcharge waivers, its low annual fee makes it a valuable choice for those who prioritize cashback on Swiggy platform.
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