Swiggy, India’s premier on-demand convenience platform, in partnership with HDFC Bank, has announced an enhancement to the cashback structure of its co-branded credit card, aimed at providing greater financial flexibility and value to its users.
Starting today, the new cashback system will see earned cashback directly credited and adjusted against the cardholder’s outstanding balance in their monthly credit card statement, rather than being credited as Swiggy Money on the Swiggy app. This change is designed to reduce the cardholder’s statement balance for the next billing cycle, offering users more straightforward financial management and greater ease of use.
This revamped structure is expected to be highly beneficial for consumers, as it not only simplifies the process of utilizing cashback but also enhances the overall user experience. Since its launch in July 2023, the Swiggy HDFC Bank credit card has experienced significant growth, with its card base increasing by approximately 70% in the first four months of this year alone. This growth underscores the card’s popularity and the substantial benefits it offers to users.
Cardholders will continue to enjoy the same cashback benefits as before:
- 10% cashback on all Swiggy app transactions, including food delivery, quick commerce grocery delivery, and dining out.
- 5% cashback on online spending across 1000+ e-commerce platforms, such as Amazon, Flipkart, Myntra, Nykaa, and Uber. You can view our expanded list of qualified brands by clicking on the link here.
- 1% cashback on other category spends.
Moreover, as a welcome benefit, new cardholders will receive a complimentary 3-month Swiggy One membership, offering perks across food, grocery, dining out, and pick-up and drop services. For a limited time, Swiggy is also offering either a lifetime free card option or an INR 500 Swiggy Money voucher for customers who apply and activate the credit card through the Swiggy app.
The Swiggy HDFC Bank credit card can be applied for through the Swiggy app or the HDFC Bank website, making it easily accessible to potential users.
This updated cashback structure is part of Swiggy’s ongoing commitment to innovate and deliver unmatched value to its users, ensuring a seamless and rewarding experience for all. By directly adjusting cashback against the card statement balance, Swiggy and HDFC Bank are setting a new standard in customer convenience and financial flexibility.
