The Paytm HDFC Bank Credit Card is a co-branded credit card that combines the strengths of Paytm, India’s leading digital wallet and e-commerce platform, with HDFC Bank, one of India’s top private sector banks. This card is tailored for users who frequently transact on Paytm and want to maximize their rewards and benefits through their daily spending. With a range of cashback offers, rewards on Paytm transactions, and additional perks, the Paytm HDFC Bank Credit Card is a compelling choice for digital-savvy consumers who are deeply integrated into the Paytm ecosystem.
Overview
| Feature | Details |
|---|---|
| Card Type | Co-Branded Credit Card |
| Reward Rate | Up to 3% cashback on Paytm spends |
| Reward Value | Cashback credited directly to your Paytm Wallet |
| Joining Fee | ₹500 + GST (often waived in promotions) |
| Unique Selling Points | High rewards on Paytm transactions, special offers on Paytm Mall, Zomato, and more |
| Rating | ★★★★☆ (4.3/5) |
Paytm HDFC Bank Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹500 + GST (waived on spending ₹10,000 within 90 days) |
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) |
| Finance Charges | 3.49% per month (41.88% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹500) |
| Late Payment Fee | ₹100 to ₹1,300 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹400 and ₹5,000 |
Paytm HDFC Bank Credit Card Benefits
Paytm Ecosystem Integration
- Up to 3% Cashback on Paytm Spends: Earn up to 3% cashback on Paytm spends, including Paytm Mall purchases, mobile recharges, bill payments, and more.
- Exclusive Offers on Paytm Mall: Enjoy special discounts and cashback offers on Paytm Mall, making it a great card for regular online shoppers.
Cashback and Rewards
- Welcome Benefit: Get ₹500 cashback on your first transaction after card activation, credited to your Paytm Wallet.
- Monthly Cashback: Earn 2% cashback on other online spends and 1% cashback on all offline spends.
- Direct Cashback: Cashback is credited directly to your Paytm Wallet, offering immediate value and ease of use.
Dining and Entertainment Offers
- Discounts on Zomato: Get exclusive discounts and cashback offers on food delivery through Zomato, perfect for food lovers.
- Entertainment Offers: Avail special offers on movie tickets, events, and more through Paytm’s entertainment platform.
No Hidden Fees
- Transparent Charges: All fees and charges are clearly communicated, ensuring that you can manage your card without unexpected costs.
Security Features
- Instant Card Lock: Lock your card instantly via the Paytm app in case of loss or suspicious activity.
- Virtual Card Option: Use a virtual version of your Paytm HDFC Bank Credit Card for secure online transactions.
Rewards
| Spending Category | Rewards |
|---|---|
| Paytm Spends | Up to 3% cashback |
| Online Spends | 2% cashback |
| Offline Spends | 1% cashback |
Redemption
- Direct Cashback: Cashback is credited directly to your Paytm Wallet, where it can be used for any transaction within the Paytm ecosystem or withdrawn to your bank account.
Paytm HDFC Bank Credit Card Usage
- Online and Offline Shopping: Use the Paytm HDFC Bank Credit Card at any merchant that accepts Visa or Mastercard, both online and offline.
- Bill Payments: Pay your utility bills, mobile recharges, and other regular expenses using the Paytm HDFC Bank Credit Card and earn cashback on every transaction.
Airport Lounge Access
The Paytm HDFC Bank Credit Card does not currently offer complimentary airport lounge access, focusing instead on providing cashback rewards and integration with the Paytm ecosystem.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 3.5% + GST |
Eligibility
- Age: 18 years and above.
- Income: Minimum annual income of ₹3 lakh.
- Employment: Available to salaried and self-employed individuals.
How to Apply?
Online Application
- Visit the Paytm app or the HDFC Bank website.
- Complete the application form with your personal and financial details.
- Submit the required documents for verification.
- If eligible, you’ll receive approval, and the card will be delivered to your address.
Paytm HDFC Bank Credit Card Review
Editor’s Rating
- Benefits: 4.3/5
- Fees: 4.0/5
- Customer Service: 4.2/5
Summary
The Paytm HDFC Bank Credit Card is an excellent choice for individuals who are deeply integrated into the Paytm ecosystem and want to maximize their rewards on Paytm transactions. With up to 3% cashback on Paytm spends, no hidden fees, and seamless integration with the Paytm app, this card offers significant value for money. The ability to earn direct cashback to your Paytm Wallet makes it convenient for users who frequently use Paytm for their day-to-day transactions. While it lacks premium features like airport lounge access, the Paytm HDFC Bank Credit Card excels in providing everyday financial rewards and is ideal for those who prioritize cashback on digital payments and online shopping.
Pros and Cons
| Pros | Cons |
|---|---|
| Up to 3% cashback on Paytm spends | No airport lounge access or premium travel benefits |
| Direct cashback credited to Paytm Wallet | Foreign transaction fee of 3.5% + GST |
| Integration with the Paytm app for seamless management | Limited cashback on non-Paytm transactions |
| Transparent fees and easy redemption | Annual fee unless waived by spending threshold |
Similar Cards to Paytm HDFC Bank Credit Card
| Feature | Paytm HDFC Bank Credit Card | Amazon Pay ICICI Credit Card | Flipkart Axis Bank Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) | Nil | ₹500 + GST (waived on spending ₹2 lakh annually) |
| Reward Rate | Up to 3% cashback on Paytm spends | 5% cashback on Amazon, 2% on partner merchants, 1% elsewhere | 5% cashback on Flipkart and Myntra, 4% on preferred merchants |
| Eligibility | Available to individuals with a minimum income of ₹3 lakh | Available to individuals with a minimum income of ₹3 lakh | Available to individuals with a minimum income of ₹3 lakh |
| Foreign Transaction Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
Amazon Pay ICICI Credit Card vs Paytm HDFC Bank Credit Card
The Amazon Pay ICICI Credit Card offers 5% cashback on Amazon purchases for Prime members, with no annual fee, making it highly attractive for frequent Amazon shoppers. In contrast, the Paytm HDFC Bank Credit Card focuses on maximizing rewards within the Paytm ecosystem. If you frequently shop on Amazon and prefer a no-fee card, the Amazon Pay ICICI Credit Card may be more suitable. However, if you are a regular Paytm user, the Paytm HDFC Bank Credit Card offers better value with its Paytm-specific cashback.
Flipkart Axis Bank Credit Card vs Paytm HDFC Bank Credit Card
The Flipkart Axis Bank Credit Card provides higher cashback rates on Flipkart and Myntra, making it an excellent choice for Flipkart shoppers. However, the Paytm HDFC Bank Credit Card offers more versatility for those who use Paytm for a wide range of transactions, including bill payments, shopping, and more. If your spending is primarily on Flipkart and its partner merchants, the Flipkart Axis Bank Credit Card could be more rewarding. Otherwise, the Paytm HDFC Bank Credit Card offers a broader range of cashback opportunities.
FAQ
What is the annual fee for the Paytm HDFC Bank Credit Card?
The annual fee is ₹500 + GST, which is waived if you spend ₹50,000 annually.
How do I earn cashback with the Paytm HDFC Bank Credit Card?
You can earn up to 3% cashback on Paytm spends, 2% on other online transactions, and 1% on offline transactions. The cashback is credited directly to your Paytm Wallet.
Does the Paytm HDFC Bank Credit Card support international transactions?
Yes, the card supports international transactions with a foreign transaction fee of 3.5% + GST.
How do I manage my Paytm HDFC Bank Credit Card account?
You can manage your card entirely through the Paytm app, which offers real-time tracking, spending insights, and easy redemption of cashback.
Are there any hidden fees with the Paytm HDFC Bank Credit Card?
No, the Paytm HDFC Bank Credit Card has no hidden fees, and all charges are transparently communicated through the app. For more details you can visit official website.
