Paytm HDFC Bank Select Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
Low cashback rate.
No free movie tickets.
Limited number of value add benefits.
Welcome Benefit: Users will receive free Paytm First membership.
Reward System: 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.
Milestone Benefit: Users will get gift vouchers worth INR 500 on spending INR 50,000 in any quarter.
Dining Benefit: Users will get up to 20% discounts on partner restaurants via Swiggy Dineout.
Rewards & Benifits
Welcome Benefits
Users will receive free Paytm First membership.
Rewards System
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.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
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.
Benefits
Decent cashback.
Milestone benefits.
Welcome benefits.
Airport lounge visits.
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
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 will receive free Paytm First membership.
Reward System: 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.
Milestone Benefit: Users will get gift vouchers worth INR 500 on spending INR 50,000 in any quarter.
Dining Benefit: Users will get up to 20% discounts on partner restaurants via Swiggy Dineout.
Low cashback rate.
No free movie tickets.
Limited number of value add benefits.
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.
Paytm HDFC Bank Select 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
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 r ₹500 whichever is higher.
Interest Rates: 3.75% per month i.e, 45.00% p.a.
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 Fees: 3.5 %.
Fuel Surcharge: 1% of the Transaction amount
Reward Redemption Fees: Rs. 99/-
Fuel Surcharge
1%, however. that is waived on fuel transactions on a minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹500 per statement cycle.
Billing Cycle
30 Days