Bengaluru, Jan. 13 -- PhonePe launched its Co-branded Credit Card in June of last year, marking its foray into the co-branded card segment. Today's credit card users are looking beyond occasional big-ticket rewards and focusing on value from everyday transactions - and the recently launched PhonePe HDFC Ultimo Credit Card is built to deliver exactly that.

According to the company, the idea behind the card is simple. Instead of needing complex strategies to earn rewards, the PhonePe HDFC Ultimo card focuses on everyday spends such as Recharges, Utility Bill Payments, Online Shopping and more.

Here's what cardholders get:

--10% cashback on essential PhonePe categories - this includes Recharges, DTH subscriptions, Utility Bills and other ...