Paytm HDFC Bank Select Credit Card
Co-branded
Reward Points
1st Year Fee: ₹1,000* Plus Applicable Taxes
Co-branded
5X Cashpoints on Paytm spends
Online Shopping
3X Cashpoints on popular brands
Dining
Up to 20% discount at partner restaurants
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About Paytm HDFC Bank Select Credit Card
Paytm HDFC Bank Select Credit Card is the premium variant among the two co-branded cards offered by HDFC Bank and Paytm. While Paytm HDFC Bank Credit Card offers up to 3% Cashpoints on Paytm spends, this card justifies its higher annual fee by offering 5% Cashpoints on Paytm spends. Besides this, you can also earn accelerated (3%) Cashpoints on everyday brands, including Swiggy, Ajio, BigBasket & Uber, making it a suitable option for day-to-day spends.
Another feature which differentiates this card from the base variant is that it offers 8 complimentary domestic lounge visits every year, enhancing the card’s overall value for frequent travellers. Although the complimentary Paytm First membership (previously available on both variants) has been discontinued, consumers can still save at the time of joining and renewal by availing joining and renewal fee waiver on achieving the certain spending milestone.
The card also offers gift vouchers worth Rs. 2,000 as annual milestone benefits along with a fuel surcharge waiver and up to 20% dining discount. Overall, this card is a suitable option for consumers who prefer to spend online and are looking for a rewards credit card with basic travel benefits.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit HDFC Bank’s website.
Rewards Program & Milestone Benefits
Reward Earning
- 5% Cashpoints on Paytm spends, including recharge, utility bills, movies and Mini app, capped at Rs. 1,500 per month
- 3% Cashpoints on Swiggy, Ajio, BigBasket & Uber, capped at Rs. 500 per month
- 1% Cashpoints on other retail spends, capped at Rs. 2,000 per month1-3
Milestone Benefit
- Gift vouchers worth Rs. 500 on spending Rs. 50,000 in a quarter
Other Features & Benefits
Lounge Access
- 8 complimentary domestic airport lounge visits every year (Max. 2 per quarter)
Fuel Benefit
- 1% fuel surcharge waiver on fuel spends between Rs. 400 and Rs. 5,000, capped at Rs. 500 per month
Fee Waiver
- Joining fee waiver on spending Rs. 50,000 within the first 90 days
- Annual fee waiver on annual spends of Rs. 1.5 Lakh
Paytm HDFC Bank Select Credit Card: Fees & Charges
| Fee Type | Amount | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 1,000 + Applicable Taxes | ||||||||||||||||||
| Annual Fee | Rs. 1,000 + Applicable Taxes | ||||||||||||||||||
| Finance Charges | 3.75% p.m. | 45% p.a. | ||||||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if
You prefer to shop and pay via Paytm to maximize benefits
You frequently shop online at Swiggy, Ajio & BigBasket
You can spend Rs. 1.5 Lakh in a year to avail annual fee waiver
You are a domestic traveller looking for a co-branded card with basic travel benefits
Other Similar Credit Cards
Paytm SBI Select Credit Card
HDFC Millennia Credit Card
Axis Bank ACE Credit Card
Paisabazaar Review
What do we like about this card?
Paytm HDFC Bank Select Credit Card is a decent option for consumers who prefer to pay online via Paytm and are looking for a card to save on online spends. Cardholders can earn 5% Cashpoints on Paytm along with 3% Cashpoints on popular brands, including Swiggy, Ajio, BigBasket & Uber, covering major day-to-day categories, such as grocery, shopping and travel. Besides this, complimentary domestic lounge visits and annual gift vouchers worth Rs. 2,000 add to the card’s overall value. Consumers who can easily spend Rs. 1.5 Lakh in a year can maximize benefits by availing an annual fee waiver.
Pros
- 5X Cashpoints on spends at Paytm
- 3X Cashpoints on top brands, including Swiggy, Ajio, BigBasket & Uber
- Milestone benefits worth Rs. 2,000 every year
- Complimentary domestic airport lounge visits
- Up to 20% dining discount at partner restaurants
Cons
- No welcome benefits
- Low base reward earning rate of 1%
- No Cashpoints are offered on wallet reloads, fuel, and rent payments
Frequently Asked Questions
Everything you need to know about this credit card
Paytm HDFC Bank Select Credit Card offers milestone benefit on spending Rs. 50,000 in a calendar quarter. On achieving this milestone, you get a gift voucher worth Rs. 500. When you are eligible for this benefit, you will be informed of the same by the bank.
You will receive your Paytm HDFC Bank Select Credit Card statement via email to your registered email address. Apart from that, you can view your statement and download it by logging into your HDFC Bank net banking account.
Yes, you can apply online by visiting the official website of HDFC Bank and navigating to the respective card page. You are required to submit the duly filled application form along with relevant documents. Besides this, you can also apply online through Paytm app by submitting the online application.
Yes, the card offers 5% Cashpoints on Paytm spends, including utility bill payments. However, you cannot earn rewards on bill payments via any other app.
Yes, the card offers 8 complimentary domestic lounge visits every year. You can avail a maximum of 2 visits in a quarter.
Footnotes
- Cashpoints are not offered on wallet loads, fuel spends, EMI spends, rental spends, government spends, education payments through third party apps.
- Reward points earned on grocery spends are capped at 1,000 Cashpoints per month.
- Redemption of reward points against travel bookings will be capped at 50,000 points per month. The overall cashback redemption will be capped at 3,000 points per month.
Click here to know More Terms and Conditions
Shruti Sharma
Shruti Sharma is a skilled content writer with a passion for simplifying personal finance for consumers. Specializing in credit cards and financial planning, she offers valuable insights that empower individuals to make informed financial choices. Through her writing, she shares practical tips and guides readers through the nuances of credit card usage.
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