UPI RuPay

Joining ₹99 · Annual ₹99 · Renewal waived on ₹25,000 of annual spends, a bar almost anyone clears

Fee break-even: ≈₹39,600/yr through this card at its base rate. Below that, the fee eats the rewards.

Earns CashPoints · assumed 0.25 ₹/point. 1 CashPoint = ₹0.25 redeemed against the statement

Verified 13 Aug 2026

Forex markup3.5%

EMI₹99 to ₹699 plus GST at a merchant, up to ₹849 plus GST converting a statement balance processing fee · HDFC's fee follows the merchant and the scheme rather than your card. Cancelling inside 7 days is free, after that pre closing costs 3% of the principal left plus GST.

Return by category

Category	Return	Notes
Online spend	0.25%	Base rate
Amazon	0.25%	Base rate
Flipkart	0.25%	Base rate
Subscriptions & OTT	0.25%	Base rate
Offline spend	0.25%	Base rate
UPI spending	0.25%	The whole card is a virtual RuPay on UPI, so every rate here applies to QR payments too
Dining	0.75%	Shares the monthly CashPoint caps
Swiggy	0.75%	Uses its dining rate
Zomato	0.75%	Uses its dining rate
Groceries	0.75%	3% in CashPoints on groceries, supermarkets and dining, worth 0.75% redeemed. HDFC's own calculator tops out around 500 points a month
Quick commerce	0.75%	Uses its groceries rate
Swiggy Instamart	0.25%	Base rate
Blinkit	0.25%	Base rate
BigBasket	0.75%	Uses its groceries rate
Movies & shows	0.25%	Base rate
BookMyShow	0.25%	Base rate
PVR INOX	0.25%	Base rate
Fuel	0%	Fuel earns nothing
Travel (general)	0.25%	Base rate
Flights	0.25%	Base rate
Hotels	0.25%	Base rate
MakeMyTrip	0.25%	Base rate
IRCTC rail	0.25%	Base rate
International	−3.25%	0.25% reward − 3.5% forex markup
Utilities & bills	0.5%	2% in CashPoints, worth 0.5% redeemed, capped monthly
Rent	0%	Rent earns nothing
Education fees	0.25%	Base rate
Insurance premiums	0.25%	Base rate
Government & tax	0%	Government payments earn nothing
Wallet loads	0%	Wallet loads earn nothing
Anything else	0.25%	Base rate
Jewellery	0.25%	Base rate

Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.

Also worth knowing

Entirely virtual: apply, hold and manage it inside PayZapp or MyCards
Links to any UPI app, not just HDFC's own

HDFC Bank UPI RuPayBest for UPI on a ₹99 card3.9 / 5

What we liked

Every spend category works over UPI, because the card itself is a virtual RuPay
The ₹99 fee waives at just ₹25,000 a year
3% in points on groceries and dining, rare at this price

What to mind

CashPoints are worth a quarter of their face, so 3% is really 0.75%
Monthly point caps arrive quickly
No physical card for the occasions UPI does not cover

Sources

Every figure above comes from the issuer's own pages and documents. Last verified 13 Aug 2026.

Spotted an outdated rate?