Paytm HDFC Bank Credit Card
Rewards & Benefits
Welcome Benefits
Users will get a free Paytm First membership.
Milestone Benefits
Milestone Benefit: 1% cashback on spending Rs 10,000 per month.
Cashback Rate
Users will receive 3% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]. Maximum cashback is capped at INR 500 per month.
2% cashback on all other spending on the Paytm app. Maximum cashback is capped at INR 500 per month.
1% cashback on all other retail spending. Maximum cashback is capped at INR 1000 per month.
Movie Benefits
Reward System: Users will receive 3% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]. Maximum cashback is capped at Rs 500 per month. 2% cashback on all other spending on the Paytm app. Maximum cashback is capped at Rs 500 per month. 1% cashback on all other retail spending. Maximum cashback is capped at Rs 1000 per month.
Dining Benefits
Other Benefits
Annual fee waiver on spending Rs 30,000 in the first year and Rs 50,000 from next year onwards.
Lounge Access
Fees & Charges
Joining Fee
s:INR 500+GST
Annual Fee
Monthly Membership Fee: Rs. 49 + GST
Cash Advance Fee
2.5% of the cash amount withdrawn or Rs. 500 (whichever is higher)
Interest rate
3.6% per month i.e. 43.2% annually.
Late Payment Fee
Late Payment Penalty:35-50 + GST
Foreign Currency Transactions Fee
Foreign currency markup fee:3.5% of the transaction amount.
Other Fees
Monthly Membership Fee:Rs. 49 + GST | Monthly Fee Waiver:Fee waived off on retail spends of Rs.5000 in a month (Non-EMI Spends) | Cash Advance Charges:2.5% of the cash amount withdrawn or Rs. 500 (whichever is higher) | Reward Redemption Fees:NIL
Cons
Low cashback rate.
No free movie tickets.
No free lounge visits.
Limited number of value add benefits.
Welcome Benefit: Users will get a free Paytm First membership.
Reward System: Users will receive 3% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]. Maximum cashback is capped at INR 500 per month. 2% cashback on all other spending on the Paytm app. Maximum cashback is capped at INR 500 per month. 1% cashback on all other retail spending. Maximum cashback is capped at INR 1000 per month.
Milestone Benefit: 1% cashback on spending INR 10,000 per month.
Dining Benefit: Users can get a discount of up to 20% discount on partner restaurants via Swiggy Dineout while using the credit card.
Annual fee waiver on spending INR 30,000 in the first year and INR 50,000 from next year onwards.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Age: You must be at least 21 years old to apply for this card.
Minimum income: The min monthly salary requirement is INR 30,000 for salaried individuals and INR 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.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the HDFC Bank website or the Paytm app.
Click on the "Credit Cards" section.
Select the "Paytm HDFC Bank Credit Card".
Click on "Apply Now".
Fill in the application form with your personal details and income information.
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.)
Submit the application.
Contact Details
1800 202 6161 or 1860 267 6161,
send an SMS to 730 8080 808, or
even use WhatsApp to send a message to 707 0022 222.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get a free Paytm First membership.
Reward System: Users will receive 3% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]. Maximum cashback is capped at INR 500 per month. 2% cashback on all other spending on the Paytm app. Maximum cashback is capped at INR 500 per month. 1% cashback on all other retail spending. Maximum cashback is capped at INR 1000 per month.
Milestone Benefit: 1% cashback on spending INR 10,000 per month.
Dining Benefit: Users can get a discount of up to 20% discount on partner restaurants via Swiggy Dineout while using the credit card.
Annual fee waiver on spending INR 30,000 in the first year and INR 50,000 from next year onwards.
Low cashback rate.
No free movie tickets.
No free lounge visits.
Limited number of value add benefits.
The Paytm HDFC bank Credit Card is a cashback credit card that is affordable and comes with exciting offers. You get a complimentary Paytm First membership that will allow you to enjoy more rewards and exceptional benefits on the Paytm app. Moreover, you earn an assured cashback on all your spends (except for a few non-retail transactions), i.e., you save something almost every time you make a purchase using it. However, it does not provide any reward points on your transactions.
The Paytm HDFC bank Credit Card is a cashback credit card that is affordable and comes with exciting offers. You get a complimentary Paytm First membership that will allow you to enjoy more rewards and exceptional benefits on the Paytm app. Moreover, you earn an assured cashback on all your spends (except for a few non-retail transactions), i.e., you save something almost every time you make a purchase using it. However, it does not provide any reward points on your transactions.
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
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Fuel Surcharge
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Billing Cycle
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