PhonePe Wish Credit Card Referral Code 2026 (Get Easy Approval with FD Backed Credit Card)
Apply for the PhonePe Wish Credit Card using a referral link and get one of the easiest FD-backed credit cards in India. Enjoy cashback on UPI payments, bill payments, online shopping, Scan & Pay transactions, and build your credit score with no joining fee and no annual fee.
How to sign up with PhonePe Wish Credit Card referral code?
- 1
Click on the Apply Now button.
- 2
Open the PhonePe Wish Credit Card referral link.
- 3
Complete the credit card application.
- 4
Create the required Fixed Deposit (FD).
- 5
Complete KYC verification with Utkarsh Small Finance Bank.
- 6
Receive your PhonePe Wish Credit Card and start earning cashback.
Key benefits of using PhonePe Wish Credit Card
No Joining Fee and No Annual Fee
PhonePe Wish Credit Card comes with zero joining fee and zero annual fee, making it one of the most beginner-friendly credit cards in India.
Easy Approval with Fixed Deposit
The card is backed by a Fixed Deposit, making approval easier even for users with limited or no credit history.
Cashback on UPI Payments
Link the card with PhonePe and earn cashback on eligible UPI transactions, Scan & Pay payments and daily spending.
3% Cashback on Recharge and Bill Payments
Earn 3% reward points on mobile recharge, electricity, broadband, DTH, FASTag, piped gas and other eligible bill payments made through PhonePe.
Cashback on Popular Online Brands
Get 1% reward points on brands including Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, Nykaa, Urban Company and more.
1% Cashback on Scan & Pay
Earn reward points on eligible Scan & Pay transactions made through PhonePe at offline merchants.
Build Your Credit Score
Regular usage and timely payments can help establish and improve your credit score over time.
Milestone Reward Benefits
Earn an additional 200 reward points when your monthly spending crosses ₹15,000 in a statement cycle.
Frequently Asked Questions
Tap to view answers
What is PhonePe Wish Credit Card?
PhonePe Wish Credit Card is an FD-backed credit card issued by Utkarsh Small Finance Bank. It offers cashback on UPI payments, bill payments, online shopping and Scan & Pay transactions.
Is PhonePe Wish Credit Card free?
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹0 |
| Annual Fee | ₹0 |
| Interest Free Period | Up to 45 Days |
| Physical Card Fee | ₹249 (conditions apply) |
What is the minimum FD required for PhonePe Wish Credit Card?
You can start with a Fixed Deposit as low as ₹2,000. The credit limit is generally up to 90% of the FD value.
How much cashback does PhonePe Wish Credit Card offer?
| Category | Reward Rate |
|---|---|
| PhonePe Bill Payments & Recharges | 3% |
| Selected Online Brands | 1% |
| PhonePe Scan & Pay | 1% |
| Monthly Milestone Bonus | 200 Reward Points on ₹15,000 spends |
Which bill payments qualify for 3% cashback?
Eligible categories include mobile recharge, FASTag recharge, DTH, cable TV, electricity, broadband, landline, prepaid meter and piped gas payments made through PhonePe.
Which online merchants qualify for cashback?
Eligible merchants include Amazon, Flipkart, Myntra, Ajio, Nykaa, Swiggy, Zomato, District and Urban Company among others.
How much is 1 reward point worth?
Each reward point is worth ₹1 and can be redeemed through the PhonePe app subject to applicable redemption terms.
What is the monthly reward cap on PhonePe Wish Credit Card?
| Category | Maximum Reward Points Per Statement Month |
|---|---|
| Bill Payments & Recharges | 150 |
| Online Brands | 200 |
| Scan & Pay | 150 |
Who can apply for PhonePe Wish Credit Card?
Indian residents aged between 18 and 80 years with a valid PAN, mobile number, email address and eligible Fixed Deposit can apply.
Is PhonePe Wish Credit Card good for beginners?
Yes. Because it is FD-backed, has no annual fee and supports UPI payments, it is one of the better starter credit cards for first-time users looking to build credit history.
Which transactions do not earn reward points?
Transactions such as rent payments, wallet loads, fuel purchases, gold purchases, education payments, government transactions, insurance payments, EMI transactions, cash withdrawals and card fee payments are generally excluded from rewards.
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