Paytm HDFC Bank Business Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Paytm HDFC Bank Business Credit Card
Bank Name :
HDFC Bank
Type :
Cashback Credit Card
Interest Rate :
3.75% monthly, 45.0% annually
Eligibility :
Not mentioned
Pros
Welcome benefit: Users get Paytm First membership upon a minimum transaction of INR 100, a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days. (non-EMI spends)
Reward system: 3% cashback on purchases on Paytm (recharge, utility, movies, Mini App), maximum Rs. 500 per calendar month. 2% cashback on all other select Paytm spends, maximum cap per calendar month is INR 500. 1% cashback on all other retail spends, maximum cap per calendar month is INR 1000.
Milestone benefit: Users can enjoy INR 500 worth of gift vouchers on spends of INR1 Lac in a year.
Dining benefit: Users get up to 20% discount on partner restaurants via Dineout.
Cons
Milestone benefit is applicable only for the first year of the card issuance.
Overall cashback redemption is capped at 3000 points per month.
Cashback is not applicable to fuel spending
The minimum CashPoint balance required for redemption against the statement balance is 500 CashPoints.
No lounge access
Pros & Cons
Welcome Benefits
Users get Paytm First membership upon a minimum transaction of INR 100, and a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days.
Rewards System
Every 1 Cashpoint is equivalent to INR 1. cashback.
3% cashback on purchases on Paytm (recharge, utility, movies, Mini App), maximum Rs. 500 per calendar month.
2% cashback on all other select Paytm spends, the maximum cap per calendar month is INR 500.
1% cashback on all other retail spends, maximum cap per calendar month is INR 1000.
The minimum cash point balance required for redemption against the statement balance is 500 cash points.
International Forex Markup
3.50%
Welcome Benefits and Reward System
Special Features
Paytm First membership
Dining offers
Eligibility Criteria
Not mentioned
Benefits
Welcome benefit
Milestone benefit
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
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome benefit: Users get Paytm First membership upon a minimum transaction of INR 100, a gift voucher worth INR 250 upon card activation with 2 transactions in the first 30 days. (non-EMI spends)
Reward system: 3% cashback on purchases on Paytm (recharge, utility, movies, Mini App), maximum Rs. 500 per calendar month. 2% cashback on all other select Paytm spends, maximum cap per calendar month is INR 500. 1% cashback on all other retail spends, maximum cap per calendar month is INR 1000.
Milestone benefit: Users can enjoy INR 500 worth of gift vouchers on spends of INR1 Lac in a year.
Dining benefit: Users get up to 20% discount on partner restaurants via Dineout.
Milestone benefit is applicable only for the first year of the card issuance.
Overall cashback redemption is capped at 3000 points per month.
Cashback is not applicable to fuel spending
The minimum CashPoint balance required for redemption against the statement balance is 500 CashPoints.
No lounge access
Federal Bank Wave Credit Card
The Federal Bank Wave Credit Card is a decent option for those looking for a free, no-frills credit card for domestic transactions with a focus on utility bill payments through UPI. However, if you travel internationally frequently, require a wider range of reward redemption options, consider other cards.
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
Joining fee: INR 500 plus taxes. The first-year fee is waived upon spending INR. 30,000 within the first 90 days (Non-EMI spends).
Annual fee: INR 500 plus taxes. Renewal Year Fee waived upon spending Rs. 50,000 (Non-EMI spends) in the 12 months.
Foreign currency markup: 3.50%
Fuel surcharge: 1% subject to a minimum transaction of INR 400 and a maximum transaction of INR 5000.
Cash advance fee: 2.5% or INR 500 whichever is higher.
Late payment charges: INR 100 to 1300.
Interest rate: 3.75% monthly, 45% annually.
Fuel Surcharge
Fuel surcharge is 1% at all fuel stations across India only for a minimum transaction of ₹400 and a maximum transaction of ₹5000. The maximum cashback per statement cycle is INR250.
Billing Cycle
Up to 50 days