Paytm HDFC Bank Select Business Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Paytm HDFC Bank Select Business Credit Card
Bank Name :
HDFC Bank
Type :
Business Credit Card
Interest Rate :
3.75% monthly, 45.0% annually.
Eligibility :
Not mentioned by the bank.
Pros
Welcome benefit: Users get a Paytm First membership which can be availed upon a minimum of one transaction of INR100. Milestone benefit is applicable only for the first year of the card issuance and a gift voucher worth INR 500 upon card activation with 4 transactions in the first 30 days.
Reward system: 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.
Milestone benefit: Users can enjoy INR 1000 worth of gift vouchers on spends of INR2 Lac in a year.
Lounge access: In a calendar year, users will receive 12 complimentary passes to domestic airport lounges across the country.
Dining benefit: Users get up to 20% discount on partner restaurants via dineout.
Users are eligible for personal accidental death cover.
Cons
The minimum cash point balance required for redemption against the statement balance is 500 cash points.
Milestone benefit is applicable only for the first year of the card issuance.
Overall cashback redemption is capped at 3000 points per month.
Pros & Cons
Welcome Benefits
Users get a Paytm First membership which can be availed upon a minimum of one transaction of INR100. Milestone benefit is applicable only for the first year of the card issuance and a gift voucher worth INR 500 upon card activation with 4 transactions in the first 30 days.
Rewards System
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.
International Forex Markup
3.50%
Welcome Benefits and Reward System
Special Features
Airport longue access.
Low joining fee.
Eligibility Criteria
Not mentioned by the bank.
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:-
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Cons:-
Welcome benefit: Users get a Paytm First membership which can be availed upon a minimum of one transaction of INR100. Milestone benefit is applicable only for the first year of the card issuance and a gift voucher worth INR 500 upon card activation with 4 transactions in the first 30 days.
Reward system: 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.
Milestone benefit: Users can enjoy INR 1000 worth of gift vouchers on spends of INR2 Lac in a year.
Lounge access: In a calendar year, users will receive 12 complimentary passes to domestic airport lounges across the country.
Dining benefit: Users get up to 20% discount on partner restaurants via dineout.
Users are eligible for personal accidental death cover.
The minimum cash point balance required for redemption against the statement balance is 500 cash points.
Milestone benefit is applicable only for the first year of the card issuance.
Overall cashback redemption is capped at 3000 points per month.
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.
Paytm HDFC Bank Select Business 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
Product Review
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.
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, 45.0% 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