HDFC Bank has updated the cashback system of one of its most popular credit cards, the Swiggy HDFC Bank Credit card, according to various news report. This comes at a time when many card issuers have been reducing credit card rewards and advantages. The new cashback structure of the Swiggy HDFC Bank Credit Card is effective from June 21, 2024, as per the news reports.
Earned cashback will no longer show up on the Swiggy app as Swiggy Money; instead, it will show up on the credit card account as of June 21 and the statement balance will be lower for the next month as a result of the cashback, according to the Card Insider website, a one-stop destination to solve all your credit cards related queries.
What is Swiggy HDFC Bank Credit Card?
Swiggy HDFC Bank Credit offers accelerated benefits on Swiggy App and online shopping. Additionally, get a cashback on usage of the card on all other offline spends as well. On activation of the card, get a Swiggy one membership as welcome benefit for 3 months. The card is designed specifically for Swiggy users and customers who have affinity towards online shopping. HDFC Bank is offering this card in partnership with Swiggy.
Given below are the changes applicable to the Swiggy HDFC Card from 21 June 2024, before which you shall be receiving the cashback as Swiggy Money only, according to the news reports.
As per the Card Insider website, “if your Swiggy HDFC Card statement is generated on the 15th of each month, then the cashback you earned between July 15th and August 14th will be reflected in the August statement and will reduce the amount you owe in September. Given below are the changes applicable to the Swiggy HDFC Card from 21 June 2024, before which you shall be receiving the cashback as Swiggy Money only.”
| Features | Current | From 21st June Onwards |
| Cashback | Cashback As Swiggy Money on the Swiggy App | Cashback Adjusted Against Card Statement |
| Cashback Posted | Cashback Credited After 10 Days of Statement Generation | Cashback Shall Be Adjusted in the Statement of Subsequent Month |
| Validity | One Year | N/A |
| Benefits | – 10% Cashback on Swiggy application | – 10% Cashback on Swiggy application |
| (Food ordering, Instamart, Dineout & | (Food ordering, Instamart, Dineout & | |
| Genie). | Genie). | |
| – 5% Cashback on online spends | – 5% Cashback on online spends | |
| – 1% Cashback on other categories. For | – 1% Cashback on other categories. For | |
| list of exclusions & capping | list of exclusions & capping |
HDFC Bank further added until 20th June 2024, your CashBack earned will continue to reflect on your Swiggy App.Fees and charges
Joining Fee and renewal membership fee is Rs 500 plus applicable charges. Spend Rs 2,00,000 or more in a year, before your Credit Card renewal date and get your renewal fee waived off. Exclusions for Spends of Rs. 2,00,000 and above for eligibility of renewal year fee waiver are as follows:
- Cash on Call
- Balance Transfer
- Cash Withdrawal
Cashback will not be accrued for the following transactions using Swiggy HDFC Bank Credit Card
- Wallet
- Rent
- Government related transactions
- Fuel v Jewellery v Insurance v EMI (all type)
- Cash advances, Purchase of travelers’ cheques
- Purchase of foreign currency and fees
- Interest charge and penalties v Any other categories as decided from Time to Time This will be applicable on Offline spends.
