HDFC Bank Freedom Credit Card
Swiggy-app-only cash floor: 10 points/₹200; ₹0.15/point; 3,334-point minimum; annual redemption and card fees deducted
Try your spend →How this estimate works
The current issuer reward T&Cs dated 15 May 2026 use ₹200 blocks, not the ₹150 blocks in an older search result. This limited estimate applies only to one eligible direct-card online Swiggy-app purchase each month repeated twelve times. It earns ten CashPoints per complete ₹200 block, capped at 2,500 points per calendar month across the five accelerated merchants. Only Swiggy is priced in this model; BigBasket, BookMyShow, OYO and Uber remain unpriced rather than borrowed into generic chips. The bonus depends on the partner merchant and terminal IDs. SmartBuy and PayZapp routes do not receive this 10X rate. Fuel, EMI, rent, government, wallet loads, gift/prepaid cards, voucher purchases, cash advances, outstanding bill payments and card fees or charges are excluded. The old 5X EMI feature was removed from September 2024 and is not imported. One point equals ₹0.15 as statement cashback, with a 3,334-point minimum balance. Points accrue across months; if twelve-month accrual remains below 3,334, annual modeled redeemable cash is zero. Once that minimum is met, one annual ₹50 redemption fee plus estimated 18% GST is deducted before calculating the monthly-equivalent cash figure. The 50,000-point calendar-month cash-redemption cap does not bind this isolated annual pool, which reaches at most 30,000 points. The ₹500 annual card fee plus estimated 18% GST is then deducted separately. No conditional renewal waiver is assumed; actual-account fees may vary. Points expire after two years and normally post in the first week of the next calendar month, after which the subsequent statement must be generated before redemption. The annual figure is a repeated-spend accrual estimate, not an immediate payout or a guarantee of cash clearing at year-end. Negative returns at low spend are shown as-is. Welcome gifts, fuel relief, base spending, UPI, other merchants and other perks remain unpriced, not absent. This is not a full card return or an RBL Freedom model.
One eligible purchase per month
₹5,000 each month earns 3,000 annual points: below the minimum, so zero annual cash and −₹590 after the card fee. ₹6,000 earns ₹540 gross annual cash, less ₹59 redemption cost and ₹590 card fee, giving −₹109 net. At the ₹50,000 monthly accelerated-pool ceiling, annual cash is ₹4,500, less ₹59 and ₹590, giving ₹3,851 net. Pay in full; interest and other charges can erase the return.
Issuer sources
Current named product · Current 15 May 2026 reward T&Cs · Named fee page
Checked 2 October 2026. Conditional partner/MID/TID cash estimate; confirm account terms.