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Paytm HDFC Bank Mobile Credit Card

Product Details
Credit Card Name : 

Paytm HDFC Bank Mobile Credit Card

Bank Name :

Paytm

Type :

Cashback Credit Card

Interest Rate : 

3.75% per month i.e 45% annually

Eligibility :

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.

Paytm HDFC Bank Mobile Credit Card
Pros
  • Reward System:  2% Cashback on purchases on Paytm App [Mall + Movies + Mini App]. Max cashback capped at INR 500 per month. 1% cashback on all other spend on Paytm app. Max cashback capped at INR 250 per month.  0.5% cashback on all other retail spend. Max cashback capped at INR 500 per month. 

  • Annual fee waiver on spending INR 1,000 in first 30 days for the first year and on spending INR 25,000 in any year thereafter. 

  • Dining Benefit- Upto 20% discount* on partner restaurants via Dineout while using your HDFC Bank Credit Card.

Cons
  • No free lounge visits. 

  • No free movie tickets. 

  • Minimal value add benefits. 

  • No welcome benefits. 

Pros & Cons
Welcome Benefits

None 

Rewards System

Reward System:  2% Cashback on purchases on Paytm App [Mall + Movies + Mini App]. Max cashback capped at INR 500 per month. 1% cashback on all other spend on Paytm app. Max cashback capped at INR 250 per month.  0.5% cashback on all other retail spend. Max cashback capped at INR 500 per month. 

International Forex Markup

3.5%.

Welcome Benefits and Reward System
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.

Benefits
  • Cashback benefit.

  • Dining benefit. 

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
Paytm HDFC Bank Mobile Credit 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

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
  • Monthly Membership Fee: Rs. 29 + GST Monthly Fee waived off on retail spends of Rs.5,000 in a month (Non-EMI Spends) 

  • 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 r ₹500 whichever is higher. 

  • Interest Rates: 3.75% per month i.e,  45.00% p.a.  

  • 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 Fees: 3.5 %.  

  • Fuel Surcharge: 1% of the Transaction amount  

  • Reward Redemption Fees: Rs. 99/-

Fuel Surcharge

Fuel Surcharge: 1% Fuel Surcharge on fuel transactions. However. that is waived on fuel transactions.  (on minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹500 per statement cycle).

Billing Cycle

30 Days

Fees & Charges
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