Paytm HDFC Bank Select Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will receive free Paytm First membership.
Milestone Benefits
Milestone Benefit: Users will get gift vouchers worth Rs 500 on spending Rs 50,000 in any quarter.
Cashback Rate
Users will receive 5% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]. Maximum cashback is capped at INR 1500 per month.
3% cashback on preferred merchants such as Swiggy, AJIO, Big Basket & Uber. Maximum cashback is capped at INR 500 per month.
1% cashback on all other retail spend. Maximum cashback s capped at INR 2000 per month.
Movie Benefits
Users will receive 5% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App].
Dining Benefits
Dining Benefit:Users will get up to 20% discounts on partner restaurants via Swiggy Dineout.
Other Benefits
None.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will receive free Paytm First membership.
Milestone Benefits
Milestone Benefit: Users will get gift vouchers worth Rs 500 on spending Rs 50,000 in any quarter.
Cashback Rate
Users will receive 5% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App]. Maximum cashback is capped at INR 1500 per month.
3% cashback on preferred merchants such as Swiggy, AJIO, Big Basket & Uber. Maximum cashback is capped at INR 500 per month.
1% cashback on all other retail spend. Maximum cashback s capped at INR 2000 per month.
Movie Benefits
Users will receive 5% cashback on purchases on the Paytm app [recharge + utility bill payment + movie tickets + Mini App].
Dining Benefits
Dining Benefit:Users will get up to 20% discounts on partner restaurants via Swiggy Dineout.
Other Benefits
None.
Lounge Access
None.
Fees & Charges
Joining Fee
N.A. (Not Applicable)
Annual Fee
Annual Membership Fee: Rs.1000 + GST First Year Fee waived upon spending Rs.50,000 (Non-EMI Spends) within the first 90 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
Fuel Surcharge: 1% of the Transaction amount | Reward Redemption Fees: Rs. 99/-
Fees & Charges
Joining Fee
N.A. (Not Applicable)
Annual Fee
Annual Membership Fee: Rs.1000 + GST First Year Fee waived upon spending Rs.50,000 (Non-EMI Spends) within the first 90 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
Fuel Surcharge: 1% of the Transaction amount | Reward Redemption Fees: Rs. 99/-
Special Features
5% cashback on purchases on Paytm [Recharge + Utility + Travel + Movies + Mini App] Max. Cap per calendar month - Rs. 1500
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?
Open the Paytm app and go to the "Credit Cards" section.
Click on the "Paytm HDFC Bank Select Credit Card" option.
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 Select credit card is a co-branded offering and is perfect for people who regularly use Paytm to make spends. It is the most premium variant out of all the co-branded cards issued by Paytm and HDFC Bank and is available at an Rs. 1000 joining fee. Along with a complimentary Paytm First membership, you get 5% cashback on Paytm purchases and 3% cashback on popular brands like Ajio, Swiggy, BigBasket and Uber. However, the only drawback is it does not provide any benefits on non-paytm transactions.
The Paytm HDFC Bank Select credit card is a co-branded offering and is perfect for people who regularly use Paytm to make spends. It is the most premium variant out of all the co-branded cards issued by Paytm and HDFC Bank and is available at an Rs. 1000 joining fee. Along with a complimentary Paytm First membership, you get 5% cashback on Paytm purchases and 3% cashback on popular brands like Ajio, Swiggy, BigBasket and Uber. However, the only drawback is it does not provide any benefits on non-paytm 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