Travel on Points

Paytm HDFC Bank Select Credit Card

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  • Joining fee

    Rs. 1,000 + GST

  • Annual fee

    Rs. 1,000 + GST

  • Best suited for

    Shopping

  • Reward type

    Cashback

Rewards

  • Rewards rate

    5% cashback on all spends on Paytm Mall/Movies/Mini app, 3% accelerated cashback on select brands like Ajio, BigBasket, Swiggy & Uber, 1% cash back on all other eligible retail spends

  • 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

    5% cashback on Paytm Movies & 20% discount via Dineout

  • Travel

    Complimentary domestic airport lounge access

  • Domestic lounge

    8 complimentary domestic airport lounge access every year (max 2 per quarter)

Fees & charges

  • Spend-based waiver

    Joining fee waived off on spending a minimum of Rs. 50,000 within the first 90 days of card issuance, annual fee (second year onwards) waived off on the expenditure of a minimum of Rs. 1.5 lacs in the preceding 12 months.

  • Rewards redemption fee

    Nil

  • Foreign currency markup

    3.5% of the transaction amount

  • Interest rates

    3.6% per month or 43.2% annually

  • Fuel surcharge waiver

    1% fuel surcharge waived off on fuel purchases of a minimum of Rs. 400 (maximum waived amount capped at Rs. 500 per month)

  • Cash advance charges

    2.5% of the transaction amount (subject to a minimum charge of Rs. 500)

Product highlights

  • 5% cashback on all purchases at Paytm Mall/Movies/Mini app.
  • 2% cashback on all other spends on Paytm.
  • 1% cashback on all other retail spends with the card.
  • 8 complimentary domestic airport lounge access across the country (max 2 per quarter).
  • Gift vouchers worth Rs. 500 on the quarterly expenditure of a minimum of Rs. 50,000.
  • Joining fee is waived off on spending a minimum of Rs. 50,000 within 90 days of card issuance.
  • The card’s annual membership fee (second year onwards) is waived if you spend a minimum of Rs. 1.5 lacs in the preceding year.

Pros & cons

Pros

  • Most premium variants out of the HDFC Paytm co-branded cards
  • 5% cashback on Paytm purchases, and 2% cash back on other spends made via Paytm
  • 8 complimentary domestic lounge access, max twice per quarter

Cons

  • Milestone benefits could have been better
  • The rate of cashback is just 1% on non-Paytm spends
  • There are several better cards at Rs. 1000 membership fees

FAQs

What is the reward rate of Paytm HDFC Select Credit Card?

Paytm HDFC Select Credit Card earns you a cashback of 5% on spends on Paytm Mall/Movies/Mini apps, 2% cashback on other Paytm spends, and 1% cashback on all other retail spends.

How many add-on credit cards can I get with Paytm HDFC Select Credit Card?

You can get up to 4 complimentary add-on credit cards with Paytm HDFC Select Credit Card.

How is cashback credited on Paytm HDFC Select Credit Card?

The cashback earned on Paytm HDFC Select Credit Card is gives as Paytm Gift Vouchers.

How can Paytm Gift Vouchers be redeemed?

Paytm Gift Vouchers can be redeemd for spends on Paytm or anywhere Paytm is accepted as a payment method.

Do I get airport lounge access with Paytm HDFC Select Credit Card?

Yes, you get 8 complimentary domestic airport lounge access every year with Paytm HDFC Select Credit Card. You do not get any international airport lounge access with Paytm HDFC Select Credit Card.