Paytm HDFC Bank Credit Card
Joining Fee: ₹500 + GST
Renewal Fee: ₹500 + GST
Reward Type: Reward Points
Welcome Benefits
Complimentary Paytm First Membership: Receive a free Paytm First membership as a welcome gift upon making your first transaction of Rs. 100 or more. This program offers exclusive benefits and deals.
Cashback and Rewards
3% Cashback on Paytm App: Earn 3% cashback on purchases made through Paytm Mall, Paytm Movies, and the Mini App.
2% Cashback on Select Paytm Spends: Available on other select purchases through the Paytm app.
1% Cashback on All Other Spends: Includes online and offline retail purchases outside the Paytm app.
Exclusions: No cashback on fuel purchases, wallet reloads, rental payments, government spends, and EMI transactions. Grocery spends are capped at 1,000 Cashpoints per month.
Reward Redemption
Cashpoint Redemption:
Statement Balance: Redeem Cashpoints against the outstanding balance as cashback.
Travel and Other Categories: Use Cashpoints for Smartbuy (Flights/Hotels), Airmiles, and Product Catalogue.
Caps: Redemption for travel rewards is capped at 50,000 Cashpoints per month, and cashback redemption is capped at 3,000 Cashpoints per month. For select categories, you can redeem up to 70% of the total value, with the remainder payable through your credit card.
Milestone Benefits
1% Cashback on Monthly Spending: Earn 1% cashback on spending Rs. 10,000 or more in a month, capped at Rs. 100 per month. This translates to a maximum annual cashback of Rs. 1,200.
Spend-Based Waivers
Joining Fee Waiver: For customers onboarded after April 1, 2023, the joining fee is waived by spending Rs. 30,000 within the first 90 days.
Renewal Fee Waiver: The renewal fee is waived by spending Rs. 50,000 in the previous year.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver: Waived on fuel transactions of Rs. 400 or more, with a maximum waiver of Rs. 250 per billing cycle.
Finance & Forex Fees
Interest Rate: 3.6% per month (43.2% annually) on overdue amounts.
Foreign Currency Markup Fee: 3.5% of the transaction amount.
Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum fee of Rs. 500.
Summary
The Paytm HDFC Bank Credit Card, ideal for frequent Paytm users and shoppers, comes with a nominal annual fee of Rs. 500 plus GST. New cardholders receive a complimentary Paytm First membership with their first transaction of Rs. 100 or more. The card offers 3% cashback on Paytm Mall, Paytm Movies, and Mini App purchases, 2% on select Paytm app spends, and 1% cashback on all other online and offline transactions, excluding fuel, wallet reloads, rental payments, government spends, EMI transactions, and groceries (capped at 1,000 Cashpoints per month). A 1% fuel surcharge waiver is available for transactions of Rs. 400 or more, capped at Rs. 250 per month. Cashback can be redeemed against the statement balance, for travel bookings through Smartbuy, Airmiles, or products, with caps of 50,000 Cashpoints per month for travel rewards and 3,000 Cashpoints for cashback. The joining fee is waived by spending Rs. 30,000 within the first 90 days, and the renewal fee is waived with an annual spend of Rs. 50,000. The card features a 3.6% monthly interest rate, a 3.5% foreign currency mark-up fee, and a 2.5% cash advance charge with a minimum of Rs. 500.