Paytm HDFC Bank SELECT Business Credit Card
- Joining fee
Rs. 1,000 (plus applicable taxes)
- Annual fee
Rs. 1,000 (plus applicable taxes)
- Best suited for
Shopping
- Reward type
Cashback
Rewards
- Rewards rate
Get 5% cashback on all purchases in Paytm Mall, 3% cashback on all purchases in Travel & monthly bill payments on Paytm App and 1% cashback on all other spends.
- Welcome benefits
Get complimentary Paytm First Membership as a welcome gift on making your first transaction worth Rs. 100 or more.
- Reward redemption
Redeem your Cashpoints as Cashback along with other redemption options.Re.1 Cashpoint =Re.1 Cashback for redemption against the statement balance. Re.1 Cashpoint = Re.0.3 for redemption against travel benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal.
Benefits
- Movie & dining
Upto 20% discount on partner restaurants via Dineout.
- Travel
You can use the Cashbacks to book hotel/flights bookings on Smartbuy.
- Domestic lounge
12 Complimentary access to Domestic Airport Lounges across the country in a calendar year (3 visits per Quarter).
- Insurance
The Cardholder is eligible for Personal Accidental Death Cover + Permanent Disability Cover.
Fees & charges
- Spend-based waiver
First Year Fee waived upon spending Rs.60,000 (Non-EMI spends) within the first 90 days and Renewal Year Fee waived upon spending Rs.1,00,000 (Non-EMI spends) in the 12 months period.
- Rewards redemption fee
No Rewards Redemption Fee on redemption of reward points towards cashback.
- Foreign currency markup
3.5% (plus applicable taxes)
- Interest rates
3.6% per month (43.2% annually)
- Fuel surcharge waiver
1% fuel surcharge waived off for all transactions between Rs. 400 & Rs. 5,000 and Maximum Cashback of Rs. 500per statement cycle.
- Cash advance charges
2.5% of the amount transacted or a minimum of Rs. 500.
Product highlights
- Get 5% cashback on all purchases made in Paytm Mall
- Get 3% cashback on all purchases in Travel & monthly bill payments through standing instructions only on Paytm App
- Get 1% cashback on all other spends.
- Zero cost liability on reporting the lost card to bank’s 24 hour call center.
- Enjoy 12 Complimentary access to Domestic Airport Lounges across the country in a calendar year (Capped at 3 visits per Quarter).
- Get a 1% fuel surcharge waiver.
- Get Paytm First Membership as a welcome gift.
- Get Rs.500 worth Gift Voucher with 6 transactions in first 90 days since card activation.
- Enjoy Dining benefits, Insurance Cover benefits, Milestone benefits, Dining benefits and much more.
FAQs
What are the activation benefits on Paytm HDFC Bank Select Business Credit Card?
The cardholder will be eligible for Rs.500 worth Gift Voucher upon card activation with minimum 6 transactions in the first 90 days.
What is Paytm First membership and how can it be activated?
Paytm First is a premium subscription-based rewards & loyalty program for Paytm users. It offers exclusive benefits, over and above the regular offers. Your Paytm First membership would be activated within 15 working days upon minimum one transaction of Rs. 100 within one year of card issuance.
What is the credit free period offered on Paytm HDFC Bank Select Business Credit Card?
Paytm HDFC Bank Select Business Credit Card offers extended credit free period up to 50 days for all purchases.
Are both Joining Fees and Renewal Fees same?
Yes, both Joining Fees and Renewal Fees for Paytm HDFC Bank Select Business Credit Card is Rs.1,000 (plus applicable taxes).
What happens if you have exceeded your complimentary lounge visits on your HDFC Bank Paytm Credit Card?
All the visits exceeding the complimentary quota will be allowed at the discretion of lounge and will also be chargeable as per the lounge.