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Paytm HDFC Bank Mobile Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get 2% cashback on purchases on the Paytm app [Mall + Movies + Mini App]. Maximum cashback is capped at INR 500 per month.
1% cashback on all other spending on the Paytm app. Maximum cashback is capped at INR 250 per month.
0.5% cashback on all other retail spend. Maximum cashback is capped at INR 500 per month.
Movie Benefits
Users will get 2% cashback on purchases on the Paytm app [Mall + Movies + Mini App]. Maximum cashback is capped at INR 500 per month.
Dining Benefits
Upto 20% discount on partner restaurants via Dineout.
Other Benefits
Annual fee waiver on spending Rs 1,000 in the first 30 days for the first year and on spending Rs 25,000 in any year thereafter.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
Users will get 2% cashback on purchases on the Paytm app [Mall + Movies + Mini App]. Maximum cashback is capped at INR 500 per month.
1% cashback on all other spending on the Paytm app. Maximum cashback is capped at INR 250 per month.
0.5% cashback on all other retail spend. Maximum cashback is capped at INR 500 per month.
Movie Benefits
Users will get 2% cashback on purchases on the Paytm app [Mall + Movies + Mini App]. Maximum cashback is capped at INR 500 per month.
Dining Benefits
Upto 20% discount on partner restaurants via Dineout.
Other Benefits
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Lounge Access
None.
Fees & Charges
Joining Fee
Nil
Annual Fee
Annual Membership Fee: Rs. 149 + GST First Year Fee waived upon spending Rs. 1,000 (Non-EMI spends) within the first 30 days
Cash Advance Fee
Cash advance fee: 2.5% or r ₹500 whichever is higher.
Interest rate
Interest Rates: 3.75% per month i.e, 45.00% p.a.
Late Payment Fee
Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/-
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5 %.
Other Fees
Monthly Membership Fee: Rs. 29 + GST Monthly Fee waived off on retail spends of Rs.5,000 in a month (Non-EMI Spends) | Fuel Surcharge: 1% of the Transaction amount | Reward Redemption Fees: Rs. 99/-
Fees & Charges
Joining Fee
Nil
Annual Fee
Annual Membership Fee: Rs. 149 + GST First Year Fee waived upon spending Rs. 1,000 (Non-EMI spends) within the first 30 days
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rates: 3.75% per month i.e, 45.00% p.a.
Late Payment Fee
Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/-
Foreign Currency Transactions Fee
Foreign Currency Transactions Fees: 3.5 %.
Other Fees
Monthly Membership Fee: Rs. 29 + GST Monthly Fee waived off on retail spends of Rs.5,000 in a month (Non-EMI Spends) | Fuel Surcharge: 1% of the Transaction amount | Reward Redemption Fees: Rs. 99/-
Special Features
None.
Eligibility Criteria
Age: You must be at least 18 years old to apply for this card.
Minimum income: The minimum monthly income requirement is Rs. 25,000.
Credit score: You must have a minimum credit score of 750 to be eligible for this card.
Employment type: You must be a salaried employee or self-employed professional.
Residence: You must be a resident of India.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the Paytm website/HDFC Bank's website or app and click on the "Credit Cards" tab.
Click on the "Paytm HDFC Bank Mobile Credit Card" link.
Click on the "Apply Now" button.
Fill out the application form and submit it. Here are the documents that you need to submit along with your application form: Proof of identity (e.g., passport, driving license, PAN card) Proof of address (e.g., bank statement, utility bill) Proof of income (e.g., salary slip, tax return)
The processing time for the application is usually 7-10 working days.
Once your application is approved, you will receive the card in the mail within 15-20 working days.
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
The Paytm HDFC Bank Mobile Credit Card offers a good combination of cashback rewards, easy application and management, and contactless payment features. It can be a valuable option for individuals who frequently use Paytm and are looking for a convenient way to earn cashback on their everyday purchases. However, check the terms and conditions properly before applying for this card.
The Paytm HDFC Bank Mobile Credit Card offers a good combination of cashback rewards, easy application and management, and contactless payment features. It can be a valuable option for individuals who frequently use Paytm and are looking for a convenient way to earn cashback on their everyday purchases. However, check the terms and conditions properly before applying for this card.
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