- Joining fee
Rs. 500 + GST
- Annual fee
Rs. 500 + GST
- Best suited for
Shopping
- Reward type
Cashback
Rewards
- Rewards rate
3% cashback Paytm mall, Paytm movies & mini app, 2% cash back on other purchases on Paytm app, and 1% cashback on all other spends.
- Reward redemption
The earned cashback is sent to the cardholders in the form of Paytm vouchers or Redeem your Cashpoints as Cashback along with other redemption options.
Benefits
- Movie & dining
Up to 20% discount in partner restaurants via Dineout
Fees & charges
- Spend-based waiver
Annual Fee is Waived on Spending ₹50,000 in a Year
- Rewards redemption fee
Nil
- Foreign currency markup
3.5% on all international transactions
- Interest rates
3.6% per month (43.2% per annum)
- Fuel surcharge waiver
1% fuel surcharge waiver on all fuel transactions worth Rs. 400 or more.
- Cash advance charges
2.5% of the cash amount withdrawn or Rs. 500 (whichever is higher)
Product highlights
- Paytm First membership as a welcome gift.
- Get up to 3% cashback on Paytm recharge, utility, movies, and Mini App spends.
- Get up to 2% cashback on other Paytm spends
- Get up to 1% cashback on other retail spends
- Earn a cashback of up to Rs. 1,200 annually under the milestone program.
- Spend-based waiver of monthly membership fee.
- 1% fuel surcharge waiver up to Rs. 250 per month.
Pros & cons
Pros
- This card is most useful for daily users of Paytm.
- You get decent cashback and offers on spends made with Paytm.
Cons
- There is no lounge access provided with this credit card.
- The cashback received on transactions other than the eligible category is relatively low at 1%.
FAQs
Is the cashback automatically credited to the cardholder's account?
The cashback earned on the Paytm HDFC Bank Select Business Credit Card are given to the cardholder as Cashpoints. Cashpoints can also be redeemed by the customer against outstanding balance as cashback or can be used for redeeming against other categories such as Smartbuy (Flights/Hotels), Airmiles & Product Catalogue.
Do I earn any cashback on EMI transactions?
No, with the Paytm HDFC bank credit card, you don’t earn any cashback on EMI transactions, fuel transactions, and wallet reloads.
How much interest free period do the cardholders get with the Paytm HDFC Bank Credit card?
You can get an interest-free period of up to 50 days with your Paytm HDFC Bank Credit Card.
How much maximum cashback I can earn in a month under the milestone benefit?
With the Paytm HDFC Bank Credit Card, you can earn a maximum cashback of Rs. 100 every month on achieving the spend milestone of Rs. 10,000.