To cash in on the rising popularity of cashback credit cards, another new cashback credit card has entered the fray. HDFC Bank has joined hands with Swiggy, one of the most popular food and grocery delivery platforms in the country, to launch a co-branded credit card — the Swiggy HDFC Bank Credit Card. It offers a cashback of 10 percent on various transactions on the Swiggy app, including food orders and purchases through Swiggy Instamart, Dineout, and Swiggy Genie. So, cardholders can avail of a cashback of 10 percent every time they order food, get groceries, or use Dineout to pay bills at restaurants through the Swiggy app. Users will also get a cashback of 5 percent on spending across multiple online platforms such as Amazon, Myntra, Nykaa, Ola, Uber, PharmEasy, NetMeds, and BookMyShow. Furthermore, there will be a cashback of 1 percent on other miscellaneous online spending.

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How Swiggy HDFC Bank Credit Card fares as a cashback credit card

When compared with the two most popular platform-specific co-branded credit cards — Flipkart Axis Bank Credit Card and Amazon Pay ICICI Credit Card — the Swiggy HDFC Bank Credit Card looks quite attractive. This is because it offers a higher cashback of 10 percent on food orders, grocery delivery, and dining out bills, while the other two cards offer a maximum cashback of 5 percent on spending on their partner e-commerce platforms. Moreover, the Swiggy HDFC Bank Credit Card offers a cashback of 5 percent for spending on various categories of popular brands, way higher than the cashback usually offered by several brands on other cashback credit cards such as the Flipkart Axis Bank Credit Card and Amazon Pay ICICI Credit Card. Only Cashback SBI Credit Card offers a cashback of 5 percent on online spending without any merchant restrictions.

10% cashback on Swiggy HDFC Bank Credit Card: Is it enough to opt for it?

Is a whopping cashback of 10 percent enough reason to opt for the Swiggy HDFC Bank Credit Card? It is understood that cashback could be the prime reason to opt for a cashback credit card, but users must read the fine print before making a decision. “Unlike most co-branded cashback cards that come with unlimited cashback with partner brands, the Swiggy HDFC Bank Credit Card limits the cashback earning to Rs 1,500 per month each for their 10 percent and 5 percent cashback categories and Rs 500 for the 1 percent cashback category,” says Rohit Chhibbar, Head of Credit Cards, Paisabazaar. That means that you will not get the 10 percent or 5 percent cashback when your monthly spending goes above Rs 15,000 on Swiggy or Rs 30,000 on online spending, respectively.

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