HDFC Bank’s Swiggy Credit Card is offering a clear three-part value proposition: 10% cashback on Swiggy orders capped at ₹1,500 per month, 5% cashback on dining out, and 1% cashback on all other spends. New cardholders also receive a 3-month Swiggy One membership worth ₹599 as a welcome benefit. The annual fee is ₹500, and it is waived on ₹2 lakh annual spend. This is a strong everyday-spend card for users who regularly order food and dine out.
The cashback structure is explicit and easy to understand. Swiggy orders earn 10% cashback up to a monthly cap of ₹1,500, which means the card can reward up to ₹15,000 of eligible Swiggy spend each month before the cap is reached. Dining out earns 5% cashback, while all other spends earn 1%. The welcome benefit is also specific: 3 months of Swiggy One membership valued at ₹599. For fee-sensitive users, the ₹500 annual fee is modest and can be waived with ₹2 lakh annual spend, making the card accessible to a broad audience.
This card competes directly with HDFC Millennia, Axis Ace, and ICICI Amazon Pay for cashback-focused users, but it has a distinct edge for Swiggy-heavy households because of the 10% rate on platform purchases. The 5% dining cashback also makes it more versatile than a pure food-delivery card. The biggest beneficiaries are new applicants who already use Swiggy frequently and can realistically hit the ₹1,500 monthly cap. Existing cardholders also benefit from the ongoing structure, but the offer is not a limited-time promotion; it is part of the card’s regular earn framework.
To get the welcome benefit, eligible applicants should apply for the HDFC Swiggy Credit Card through HDFC Bank’s card application flow and complete approval. The scraped data does not mention a separate enrollment step for the Swiggy One membership, so cardholders should check whether it is auto-credited after card activation or after first spend. The main fine print to watch is the monthly cashback cap of ₹1,500 on Swiggy orders and the annual fee waiver threshold of ₹2 lakh. If your annual spend is below that level, the ₹500 fee will apply.