HDFC Bank’s HDFC Swiggy Credit Card continues to target food delivery users with 10% cashback on Swiggy orders, capped at ₹1,500 per month. The card also gives 5% cashback on dining out and 1% on all other spends. New cardholders receive a 3-month Swiggy One membership worth ₹599 as a welcome benefit. The annual fee is ₹500, and it is waived if the cardholder spends ₹2 lakh in a year. This is a current benefit structure, not a limited-time offer, and it is relevant to both new applicants and existing cardholders.
The cashback structure is straightforward: 10% on Swiggy orders is the headline feature, but the ₹1,500 monthly cap means the maximum monthly value from Swiggy spend is limited. Dining at 5% is also competitive for a co-branded card, and the 1% base cashback provides a floor on most other transactions. The welcome benefit of Swiggy One for 3 months, valued at ₹599, adds immediate utility for frequent food delivery users. Since the annual fee is only ₹500 and can be waived at ₹2 lakh annual spend, the card is relatively low-cost compared with premium lifestyle cards.
This card is most attractive for customers who regularly order food through Swiggy and also dine out often enough to use the 5% restaurant cashback. It competes most directly with other lifestyle and cashback cards rather than travel cards such as Axis Atlas or premium cards like SBI Elite. For users who spend heavily on food delivery, the 10% rate can be more valuable than flat 1% cashback cards. However, the monthly cap means heavy users may exhaust the benefit quickly, so it is less compelling for very high spenders who want unlimited rewards.
New applicants should review the welcome-benefit terms to confirm whether the 3-month Swiggy One membership is activated automatically or after card activation and first transaction. Existing cardholders should check whether they are eligible for the same cashback structure or whether their account is governed by older terms. The ₹2 lakh annual spend threshold for fee waiver is important, because users who fall short will pay the ₹500 fee. Cardholders should also verify whether Swiggy orders made through partner links or wallet payments still qualify for the 10% cashback cap.