Paytm HDFC Bank Select Business Credit Card
Rewards & Benefits
Welcome Benefits
Welcome benefit:Users get a Paytm First membership which can be availed upon a minimum of one transaction of Rs 100. Free gift voucher worth Rs 500 upon card activation with 4 transactions in the first 30 days.
Milestone Benefits
Milestone benefit: Users can enjoy Rs 1000 worth of gift vouchers on spends of Rs 2 Lac in a year. Milestone benefit is applicable only for the first year of the card issuance
Cashback Rate
Users will get 5% cashback on purchases on Paytm (recharge, utility, travel, movies + Mini app) with a maximum limit of INR 1500 per month.
3% cashback on accelerated categories like Swiggy, AJIO, Big Basket & Uber with a maximum limit of INR 500 per month.
1% cashback on all other retail transactions with a maximum limit of INR 2000 per month.
Movie Benefits
Users will get 5% cashback on purchases on Paytm (recharge, utility, travel, movies + Mini app) with a maximum limit of INR 1500 per month.
Dining Benefits
Dining benefit: Users get up to 20% discount on partner restaurants via Swiggy dineout.
Other Benefits
Users are eligible for free personal accidental death cover.
Lounge Access
Lounge access:In a calendar year, users will receive12 complimentary passes to domestic airport lounges across the country.
Rewards & Benefits
Welcome Benefits
Welcome benefit:Users get a Paytm First membership which can be availed upon a minimum of one transaction of Rs 100. Free gift voucher worth Rs 500 upon card activation with 4 transactions in the first 30 days.
Milestone Benefits
Milestone benefit: Users can enjoy Rs 1000 worth of gift vouchers on spends of Rs 2 Lac in a year. Milestone benefit is applicable only for the first year of the card issuance
Cashback Rate
Users will get 5% cashback on purchases on Paytm (recharge, utility, travel, movies + Mini app) with a maximum limit of INR 1500 per month.
3% cashback on accelerated categories like Swiggy, AJIO, Big Basket & Uber with a maximum limit of INR 500 per month.
1% cashback on all other retail transactions with a maximum limit of INR 2000 per month.
Movie Benefits
Users will get 5% cashback on purchases on Paytm (recharge, utility, travel, movies + Mini app) with a maximum limit of INR 1500 per month.
Dining Benefits
Dining benefit: Users get up to 20% discount on partner restaurants via Swiggy dineout.
Other Benefits
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Lounge Access
Lounge access:In a calendar year, users will receive12 complimentary passes to domestic airport lounges across the country.
Fees & Charges
Joining Fee
INR 1000 plus taxes. The first-year fee is waived upon spending INR. 60,000 within the first 90 days.
Annual Fee
INR 1000 plus taxes. The renewal year fee is waived upon spending Rs. 1,00000 (Non-EMI spends) in the 12 months.
Cash Advance Fee
Cash advance fee:2.5% or INR 500 whichever is higher.
Interest rate
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.
Fees & Charges
Joining Fee
INR 1000 plus taxes. The first-year fee is waived upon spending INR. 60,000 within the first 90 days.
Annual Fee
INR 1000 plus taxes. The renewal year fee is waived upon spending Rs. 1,00000 (Non-EMI spends) in the 12 months.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
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.
Special Features
Airport lounge access.
Low joining fee.
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
The card offers a number of benefits including, welcome benefits, lounge access, dining benefits, and milestone benefits. Even cashback rate is decent. Overall it is a good credit card.
The card offers a number of benefits including, welcome benefits, lounge access, dining benefits, and milestone benefits. Even cashback rate is decent. Overall it is a good credit 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