Paytm HDFC Bank Business Credit Card
Rewards & Benefits
Welcome Benefits
Users get Paytm First membership upon a minimum transaction of INR 100, and a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days.
Milestone Benefits
Milestone benefit:Users canenjoy Rs 500 worth of gift vouchers on spends of Rs 1 Lac in a year.
Cashback Rate
Every 1 cash point is equivalent to INR 1.
3% cashback on purchases on Paytm (recharge, utility, movies, Mini App), maximum Rs. 500 per calendar month.
2% cashback on all other select Paytm spends, the maximum cap per calendar month is INR 500.
1% cashback on all other retail spends, maximum cap per calendar month is INR 1000.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
INR 500 plus taxes. The first-year fee is waived upon spending INR. 30,000 within the first 90 days (Non-EMI spends).
Annual Fee
INR 500 plus taxes. Renewal Year Fee waived upon spending Rs. 50,000 (Non-EMI spends) in the 12 months.
Cash Advance Fee
Cash advance fee:2.5% or INR 500 whichever is higher.
Interest rate
3.75% monthly, 45.0% annually
Late Payment Fee
Late payment charges:INR 100 to 1300.
Foreign Currency Transactions Fee
Foreign currency markup: 3.50%
Other Fees
Fuel surcharge:1% subject to a minimum transaction of INR 400 and a maximum transaction of INR 5000.
Cons
Milestone benefit is applicable only for the first year of the card issuance.
Overall cashback redemption is capped at 3000 points per month.
Cashback is not applicable to fuel spending
The minimum cash point balance required for redemption against the statement balance is 500 cash points.
No lounge access
Welcome benefit: Users get Paytm First membership upon a minimum transaction of INR 100, a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days. (non-EMI spends)
Reward system: Every 1 cashpoint is equivalent to INR 1. cashback. 3% cashback on purchases on Paytm (recharge, utility, movies, Mini App), maximum Rs. 500 per calendar month. 2% cashback on all other select Paytm spends, maximum cap per calendar month is INR 500. 1% cashback on all other retail spends, maximum cap per calendar month is INR 1000. The minimum cash point balance required for redemption against the statement balance is 500 cash points.
Milestone benefit: Users can enjoy INR 500 worth of gift vouchers on spends of INR1 Lac in a year.
Dining benefit: Users get up to 20% discount on partner restaurants via dineout.
Rewards & Benifits
Welcome Benefits
Users get Paytm First membership upon a minimum transaction of INR 100, and a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days.
Rewards System
International Forex Markup
3.50%
Welcome Benefits and Reward System
Special Features
Paytm First membership
Dining offers
Eligibility Criteria
Not mentioned by the bank.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Paytm App:
Open the Paytm app.
Navigate to the Loans & Credit Cards section.
Look for the Paytm HDFC Bank Business Credit Card option.
Click on "Apply Now" and follow the on-screen instructions.
2. HDFC Bank Website:
Visit the HDFC Bank website.
Go to the "Credit Cards" section.
Look for the "Business Credit Cards" category.
Find the Paytm HDFC Bank Business Credit Card option.
Click on "Apply Now" and complete the application form.
Contact Details
SMS: Send an SMS to 730 8080 808
WhatsApp: Send a message to 707 0022 222
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome benefit: Users get Paytm First membership upon a minimum transaction of INR 100, a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days. (non-EMI spends)
Reward system: Every 1 cashpoint is equivalent to INR 1. cashback. 3% cashback on purchases on Paytm (recharge, utility, movies, Mini App), maximum Rs. 500 per calendar month. 2% cashback on all other select Paytm spends, maximum cap per calendar month is INR 500. 1% cashback on all other retail spends, maximum cap per calendar month is INR 1000. The minimum cash point balance required for redemption against the statement balance is 500 cash points.
Milestone benefit: Users can enjoy INR 500 worth of gift vouchers on spends of INR1 Lac in a year.
Dining benefit: Users get up to 20% discount on partner restaurants via dineout.
Milestone benefit is applicable only for the first year of the card issuance.
Overall cashback redemption is capped at 3000 points per month.
Cashback is not applicable to fuel spending
The minimum cash point balance required for redemption against the statement balance is 500 cash points.
No lounge access
The card offers a number of benefits like welcome benefits, cashback, milestone benefits, and dining benefits. However, in most cases these benefits are capped at a very low threshold.
The card offers a number of benefits like welcome benefits, cashback, milestone benefits, and dining benefits. However, in most cases these benefits are capped at a very low threshold.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining fee: INR 500 plus taxes. The first-year fee is waived upon spending INR. 30,000 within the first 90 days (Non-EMI spends).
Annual fee: INR 500 plus taxes. Renewal Year Fee waived upon spending Rs. 50,000 (Non-EMI spends) in the 12 months.
Foreign currency markup: 3.50%
Fuel surcharge: 1% subject to a minimum transaction of INR 400 and a maximum transaction of INR 5000.
Cash advance fee: 2.5% or INR 500 whichever is higher.
Late payment charges: INR 100 to 1300.
Interest rate: 3.75% monthly, 45% annually.
Fuel Surcharge
Fuel surcharge is 1% at all fuel stations across India only for a minimum transaction of ₹400 and a maximum transaction of ₹5000. The maximum cashback per statement cycle is INR250.
Billing Cycle
Up to 50 days