Swiggy HDFC Credit Card Review
The HDFC Bank Swiggy Credit Card is delightful for those who regularly place orders through Swiggy and love to earn good cashback rewards. With a mere annual fee of ₹500, this co-branded credit card comes attached with attractive features, covering almost all platforms of Swiggy, thus making it a good alternative to other cards for those customers. But then, let’s not just stop here and explore this article in whole detail regarding the features, benefits, eligibility, and overall value of the Swiggy HDFC Bank Credit Card.
Key Highlights
- 10% Cashback on Swiggy Platforms:
- You get a cool 10% cashback on things you buy from Swiggy, be it food delivery, Instamart, Dineout, or Genie services.
- Monthly cashback cap: ₹1,500.
- Exclusions: Cashback does not apply to transactions involving Swiggy Money Wallet, Liquor, and Minis.
- 5% Cashback on Other Online Spends:
- You can get 5% cashback on online purchases from lots of brands like Myntra, Amazon, Flipkart, BookMyShow, Nykaa, Uber, and Ola.
- Monthly cashback cap: ₹1,500.
- 1% Cashback on Offline Purchases:
- This card gives you 1% cashback on everything else you spend, except for certain categories.
- Monthly cashback cap: ₹500.
- Activation Gift:
- When you activate your card, you get a free 3-month Swiggy One membership that comes with cool perks like free delivery and discounts.
Why Choose the Swiggy HDFC Bank Credit Card?
If you order a lot on Swiggy, this card is really helpful. For instance,
- Spending ₹15,000 on Swiggy platforms only will create an annual cashback value of ₹18,000.
- Previously called Swiggy Money, it gets auto-rededemed into card dues; therefore, you receive that as more liquid, and greater flexibility.
Read More: AU Bank Altura Plus Credit Card Review: Benefits, Fees, & How to Apply in 2025!
If you use other online platforms too, then that additional 5% cashback will add up. But if you’re not using Swiggy much, there are other cashback cards out there for you.
Fee and Charges
- Annual Fee: ₹500.
- Renewal Fee Waiver: The annual fee is waived if yearly spends exceed ₹2 lakh.
- Interest-Free Period: Up to 50 days of interest-free credit, subject to timely repayment.
Who Should Hold This Card?
The Swiggy HDFC Bank Credit Card is particularly suited for:
- The individuals who often go to Swiggy for grocery or food.
- Big spenders want cash back instead of reward points.
- People wanting to get maximum savings from both Swiggy and all the other online platforms.
How much can I earn?
Swiggy says you could save up to ₹42,000 a year. Check out how you can make that happen:
- ₹15,000 monthly spend on Swiggy (₹1,500 cashback/month).
- ₹30,000 on other online platforms spend for a month (₹1,500 cashback/month).
- ₹50,000 spent on other categories. ₹500 cashback/month.
To get the maximum cashback amount of ₹3,500 per month, one would have to spend about ₹90,000 in a month. Most users would not be able to afford this, but the card would still offer value even at lower spend levels.
Comparison with Similar Cards
The HDFC Bank Credit Card from Swiggy competes with other popular cashback cards, such as the ICICI Amazon Pay and Axis Flipkart Credit Cards. Here’s a brief comparison:
| Parameters | HDFC Swiggy | ICICI Amazon Pay | Axis Flipkart |
|---|---|---|---|
| Annual Fee | ₹500 | Nil | ₹500 |
| Fee Waiver | On ₹2 lakh annual spends | NA | On ₹2 lakh annual spends |
| Welcome Benefits | 3-month Swiggy One membership | NA | Save up to ₹1,100 on Flipkart, Myntra, & Swiggy combined |
| Base Cashback Rate | 1% up to ₹500/month | 1% | 1.5% |
| Accelerated Cashback | 10% on Swiggy, 5% on online spends | 5% on Amazon (Prime members) | 5% on Flipkart, 4% on preferred merchants |
| Other Benefits | Zero liability, golf privileges | Dining discounts at partner restaurants | 4 airport lounge visits annually |
| Form of Cashback Redemption | As statement credit | As Amazon Pay balance | As statement credit |
Additional Benefits
- Zero Liability: Report the lost card immediately and enjoy zero liability on fraudulent transactions.
- Golf Privileges: Complimentary rounds of green fees and discounted golf lessons through Mastercard.
- Revolving Credit: Available at competitive interest rates.
Cashback Redemption
- Cashback is auto-credited as a statement adjustment against the outstanding dues.
- Earlier, cashback was issued in the form of Swiggy Money that could only be redeemed on Swiggy platforms. The new redemption process provides more utility.
Eligibility Criteria
- Minimum amount of salary: ₹ 15,000.
- Free lifetime offer on all the applications received during October 1, 2024, to December 31, 2024
- Documentation:
- PAN card
- Address proof (Aadhaar, passport, etc.)
- Salary slip or income proof
Drawbacks
Category Capping: The cashback caps on each category limit the total earning potential.
Exclusions: Fuel, rent, and wallet top-up are some of the transactions that do not qualify for cashback.
Limited Appeal: For users who do not regularly make transactions on Swiggy or other online platforms, better alternatives may be found in cards such as Cashback SBI or Axis Ace.
Final Verdict
The Swiggy HDFC Bank Credit Card offers excellent value for high-spending Swiggy loyalists. It offers generous cashback on Swiggy platforms and other online purchases, making it one of the top choices for food and grocery enthusiasts. However, the card’s capped cashback limits and exclusion of certain categories might deter some users. For individuals seeking more premium benefits or broader cashback opportunities, other credit cards might be more suitable.
Ultimately, the decision to opt for the Swiggy HDFC Bank Credit Card depends on your spending habits and lifestyle preferences. For Swiggy devotees, this card is a game-changer, offering significant savings for a minimal annual fee.
Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.