Starting June 21, 2024, Swiggy, India’s leading on-demand convenience platform, and HDFC Bank will revise its cashback structure on its Swiggy HDFC Bank co-branded credit card to provide greater benefits to its cardholders. The new cashback structure will now credit and adjust earned cashback directly against the cardholder’s outstanding balance in their monthly credit card statement, rather than as Swiggy Money on the Swiggy app. This change aims to provide cardholders with greater financial flexibility by reducing their statement balance for the next billing cycle.
The new structure comes as a standout benefit to consumers, offering unmatched value and enhancing the overall user experience. Since its launch in July 2023, the Swiggy HDFC Bank credit card has seen tremendous growth, with the card base increasing by approximately 70% in the first four months of this year alone, highlighting its popularity and the substantial benefits it offers to users.
Cardholders will continue to enjoy the older benefits of
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10% cashback on all Swiggy app transactions, including food delivery, quick commerce grocery delivery, and dining out.
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5% cashback on online spending across 1000+ e-commerce platforms, including Amazon, Flipkart, Myntra, Nykaa, Uber and various other platforms.
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1% cashback on other category spends.
