Paytm HDFC Bank Mobile Credit Card

HDFC Bank and Paytm have launched 4 Co-branded credit card Paytm HDFC Select Credit Card, Paytm HDFC Bank Credit Card, Paytm HDFC Bank Mobile Credit Card, Paytm HDFC Bank Digital Credit Card out of which Paytm HDFC Bank Select Credit Card is premium version and Paytm HDFC Mobile Credit Card is basic entry level and affordable to all. It comes with nominal fee of ₹149+GST which can be waived off on annual spend of ₹25,000. If you spend 10,000 per month for 3 consecutive month you will get the benefit of Paytm HDFC Bank Credit Card and you can also save 1% Surcharge waiver on Fuel. Overall this card is for those who just want to start their credit card journey.

JOINING FEE
Rs.149+GST
RENEWAL FEE
Rs.149+GST
REWARDS &CASHBACK
2% Cashback on Paytm Mall, Paytm Movies & Paytm Mini app. 1% Cashback on all other paytm spends. 0.5% cashback on all Retail transaction.

Key Features of Paytm HDFC Bank Mobile Credit Card

Cashpoints

  • Get 2% cashback on Paytm Mall, Paytm Movies and Mini app. Maximum cashback capping is ₹250 per statement cycle.
  • Get 1% cashback on other select Paytm spends. The maximum capping of cashback is ₹250 per statement cycle.
  • Get 0.5% cashback on all retail spends and maximum capping of cashback is ₹500 per statement cycle.
  • No cashback on Fuel, Rent, Govt.transaction, EMI, wallet load.

Fuel Surcharge Waiver

  • You will get 1% Fuel surcharge waiver on transaction made through your Paytm HDFC Bank Select Credit Card. The waiver is applicable on transaction greater than ₹400 and maximum amount is ₹250 can be waived off per statement cycle.

Spend Based Benefits

  • You will upgraded to Paytm HDFC Bank Credit Card on spending ₹10,000 in three consecutive month (Non EMI Spend and Non Rental Spend)
  • The Joining fee will be waived off on minimum spend of ₹1,000 in first 30days of card issuance.
  • The annual fee will be waived off on minimum spend of ₹25,000 in previous year

Cashpoint Redemption

  • The cashback earned on Paytm HDFC Bank select Credit Card is given as cashpoint. The value of 1 cashpoint = ₹1 if you redeemed against outstanding balance. You can also redeemed on smartbuy( Flight/Hotels), Product catalouge, airmiles but here 1 cashpoint = ₹0.3, so it is advisable to redeem against statement.

Fees & Charges

Foreign Currency Markup

  • The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel & transaction credit card you can choose other cards that have zero or very less markup fee.

Finance Charges & Cash withdrawal Fee

  • Interest rate is 3.75% per month that is 55.55% per annum.
  • Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
  • Final Thoughts

Paytm HDFC Bank Mobile Credit Card is a good choice for a customer who just starting his/her credit card journey and regularly do transaction through Paytm. Paytm also has co-branded credit card with SBI, In SBI you can hold 2 or more credit card but not in case of HDFC so you should go for good credit card in case of HDFC like HDFC Regalia, HDFC Dinner Club etc. overall its depend on you where you spend a lot if you spend more on Paytm, do go with this credit card.

  • Frequently Asked Questions
Which transaction is excluded in cashpoint program?

Fuel, Wallet, Rent, Govt. Transaction, EMI, Cash Advances are excluded in cashpoint program.

The value of 1 cashpoint = ₹1 in case of statement and ₹0.3 in case you redeem against smartbuy(flight/hotel), Airmiles, product catalouge.

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