Paytm HDFC Bank Credit Card

Welcome benefits

• Users will get a free Paytm First membership

Rewards & cashback

• Users will receive 3% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]
• Maximum cashback is capped at ₹500 per month
• 2% cashback on all other spending on the Paytm app
• 1% cashback on all other retail spending
• Maximum cashback is capped at ₹1000 per month

Milestone benefits

• 1% cashback on spending ₹10,000 per month

Dining

• Users can get a discount of up to 20% discount on partner restaurants via Swiggy Dineout while using the credit card
• Typially the card offers 10% discount

More benefits & features

• 3% cashback on purchases on Paytm app [recharge + utility bill payment + movie tickets + Mini App]
• Max cashback is capped at ₹500 per month
• Annual fee waiver on spending ₹30,000 in the first year and ₹50,000 from next year onwards

Fees & charges

Joining fee

₹500 + taxes

Annual fee

Monthly Membership Fee: ₹49 + taxes

Foreign currency markup

3.5%

Interest rate

3.6% per month (43.2% per annum)

Late payment

35-50 + GST

Cash advance

2.5% of the cash amount withdrawn or ₹500 (whichever is higher)

Fuel surcharge

1%, waived off on fuel transactions. (Minimum transaction of ₹400, Maximum cashback of ₹250 per statement cycle)

Billing cycle

30 Days

Other fees

₹49 + GST | Monthly Fee Waiver:Fee waived off on retail spends of ₹5000 in a month (Non-EMI Spends) | Cash Advance Charges:2.5% of the…

Pros and cons

Who can apply

• Age: You must be at least 21 years old to apply for this card
• Minimum income: The min monthly salary requirement is ₹30,000 for salaried individuals and ₹60,000 for self-employed individuals
• Employment Type: You must be a salaried employee or self-employed professional
• Nationality: You must be an Indian National

How to apply

1. Visit the HDFC Bank website or the Paytm app
2. Click on the "Credit Cards" section
3. Select the "Paytm HDFC Bank Credit Card"
4. Click on "Apply Now"
5. Fill in the application form with your personal details and income information
6. Upload the required documents- Proof of identity (PAN card, Aadhaar card, Voter ID, etc.), Proof of address (Passport, Driving license, Utility bill, etc.), Income proof (Salary slip, ITR, etc.)
7. Submit the application