Swiggy promotes the card, saying one can earn cashback of up to Rs. 42,000 per year—little doubt, a significant amount. But you should note that to earn Rs. 42,000 yearly or Rs. 3,500 of monthly cashback (Rs. 1,500 on Swiggy platforms + Rs. 1,500 on other online platforms + Rs. 500 on others), you would have to spend Rs. 90,000 (Rs. 15,000 on Swiggy platforms, Rs. 30,000 on other online platforms + Rs. 50,000 on other spends) through the Swiggy HDFC Card. If you are spending almost a lakh every month, our view is you should consider more premium cards. But if reaching the capped cashback limits is not your goal, then this card can be considered as it gives significant cashback savings. Also, due to the capping on category-wise cashback, one can only earn Rs. 3,500 cashback in a month, which may be too low to attract certain consumers.
HDFC Bank
Swiggy HDFC Bank Credit Card
Dining
Co-branded
Cashback
1st Year Fee: ₹500* Plus Applicable Taxes
Dining
10% cashback on spends at Swiggy
Cashback
5% cashback on everyday spends
Golf
Complimentary golf rounds & lessons
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About Swiggy HDFC Bank Credit Card
Designed largely for frequent Swiggy users, Swiggy HDFC Bank Credit Card stands out for 2 reasons – the generous 10% cashback it offers across Swiggy platforms, including food delivery, Instamart, Dine Out and Genie. Second, the additional 5% cashback across multiple online platforms, plus the 1% cashback on offline and other spends. For an annual fee of Rs. 500, we’d have to say Swiggy HDFC Bank Credit Card does punch above its weight
The card is a good option for those who transact on Swiggy frequently, and spend significant amount on the brand’s platforms every month. For instance, those who use Instamart for monthly staples and groceries or use food delivery services several times a month, can easily recover the Rs. 500 annual fee and also earn decent cashback.
Cashback Benefits
10% Swiggy Cashback1: You get 10% cashback (with monthly capping of up to Rs. 1,500) on the Swiggy app for transactions related to food ordering, Instamart, Dineout and Genie. Cashback is offered on the minimum transaction value of Rs. 100.
5% Cashback: On online spends on top brands across various categories with monthly capping of up to Rs. 1,500. Click here to check the list of the eligible shopping categories and their respective MCCs.
1% Cashback2: On all other spends, including offline transactions, with monthly capping of up to Rs. 500.
Cashback Redemption
Other Features & Benefits
Activation Benefit: Complimentary 3 months Swiggy One membership on card activation.
Renewal Fee Waiver: Card renewal or annual fee is waived off on reaching the yearly spends of Rs. 2 Lakh before the card renewal date. However, the transactions made via Cash on Call, cash withdrawal and balance transfer are excluded from the total annual spends calculation for annual fee waiver.
Golf Benefits via Mastercard: 4 complimentary rounds of green fees and 12 free golf lessons/sessions with 50% off on green fee beyond complimentary sessions for users with Mastercard variant.
Zero Lost Card Liability: If you lose your Swiggy credit card and report the loss immediately, then you can avail the facility of zero liability on fraudulent transactions made via that card. To report you can contact the 24-hour HDFC Bank call centre.
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₹500 Plus Applicable Taxes
Waived off on annual spends of Rs. 2 Lakh₹500 Plus Applicable Taxes
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Swiggy HDFC Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 500 | ||||||||||||||||||
| Annual Fee | Rs. 500 | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
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Swiggy HDFC Vs. ICICI Amazon Pay Vs. Axis Flipkart
Since, Swiggy HDFC Credit Card comes with substantial cashback, let us compare its features with other credit cards, like Amazon Pay ICICI and Flipkart Axis Bank Credit Cards, with similar cashback and co-branded benefits.
| Parameters | HDFC Swiggy | ICICI Amazon Pay | Axis Flipkart |
| Annual Fee | Rs. 500 | Nil | Rs. 500 |
| Fee Waiver | On Rs. 2 Lakh annual spends | NA | On Rs. 3.5 Lakh annual spends |
| Welcome Benefits | 3 months Swiggy One membership | NA | Save up to Rs. 600 on Flipkart & Swiggy combined |
| Base Cashback Rate | 1% up to Rs. 500 p.m. | 1% | 1% |
| Accelerated Cashback | • 10% up to Rs. 1,500 p.m. on Swiggy • 5% up to Rs. 1,500 p.m. on online spends |
• 5% on Amazon for Prime members • 3% on Amazon for non-Prime members • 2% on Amazon Pay partner merchants |
• 5% on Flipkart & Cleartrip • 4% on preferred merchants |
| Other Benefits | Nil | Up to 15% off on dining at partner restaurants | • 4 domestic airport lounge visits per year • Up to 15% off at partner restaurants |
| Form of Cashback Redemption | As statement credit | As Amazon Pay balance | As statement credit |
Things to Know Before you apply
Get this card if:
You prefer to earn cashback over reward points
You frequently dine at restaurants or order food and other products online from Swiggy and other popular brands
You are a high-spender when it comes to food or online spends in order to maximize your savings as cashback
Eligibility Criteria:
Age: 21 to 60 years
Occupation: Salaried or Self-employed
Income Requirement: Rs. 15,000 p.m. for Salaried
Income Requirement: ITR> Rs. 6 LPA for Self-employed
Paisabazaar Review
What do we like about this card?
With the discontinuation of RBL Bank Zomato Edition Classic Credit Card, the Swiggy HDFC Card can be a great alternative for those looking to save on food delivery and other food-related spends. This card doesn’t restrict customers and offers more flexibility by providing 10% cashback across all Swiggy platforms, including food ordering, Instamart, Dineout, and Genie. Additionally, the card’s accelerated 5% cashback on other online spends across popular brands like Myntra, Amazon, Flipkart, BookMyShow, Nykaa, Uber, Ola, etc., is a great feature—especially for a card with a low annual fee of Rs. 500.
Pros
- 10% cashback across all Swiggy platforms, including food ordering, Instamart, Dineout, and Genie
- 5% cashback on other online spends, covering day-to-day categories
- Complimentary 3-month Swiggy One membership
- Complimentary golf rounds and lessons with the Mastercard variant
Cons
- Maximum cashback capping of Rs. 3,500 across all categories
- No complimentary lounge access benefits
- No cashback benefits on select Swiggy spends—Swiggy Money Wallet, Swiggy Minis, and Swiggy Liquor
Footnotes
- Transactions made via Swiggy Money Wallet, Liquor and Minis will not accrue the 10% accelerated cashback on this credit card.
- Exclusions: Fuel, rent, EMIs, jewellery, wallet, government-related transactions, Swiggy Money wallet, Swiggy Minis and Swiggy Liquor.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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