Paytm HDFC Bank Mobile Credit Card
Joining Fee: ₹29 + GST
Renewal Fee: ₹29 + GST (per month)
Reward Type: Reward Points
Rewards and Cashback
Cashback on Paytm Spends:
2% cashback on Paytm Mall, Paytm Movies, and Mini app.
1% cashback on other Paytm app spends.
0.5% cashback on all other online and offline purchases.
Exclusions: No cashback on EMI transactions, fuel purchases, and wallet reloads.
Reward Redemption
Cashpoint Redemption:
Re. 1 Cashpoint = Re. 1 for statement balance cashback.
Re. 1 Cashpoint = Rs. 0.30 for travel bookings (flights/hotels) and Rewards Catalogue at the SmartBuy portal.
No Redemption Fee: There is no fee for redeeming Cashpoints.
Dining Benefits
Up to 20% Off at Partner Restaurants: Avail up to 20% discount on dining at partner restaurants through Dineout.
Spend-Based Waivers
Monthly Fee Waiver: The Rs. 29 monthly membership fee is waived if you spend Rs. 2,500 or more in the previous month.
Milestone Benefits
Upgrade to Superior Card: Spend Rs. 10,000 or more in 3 consecutive months to unlock the benefits of the Paytm HDFC Bank Credit Card, an upgraded version of this card.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver:
Available on transactions of Rs. 400 or more at all fuel stations.
Maximum benefit capped at Rs. 250 per month.
Finance & Forex Charges
Interest Rate: 3.75% per month (45% annually).
Foreign Currency Mark-up Fee: 3.5% on all foreign currency transactions.
Cash Advance Charges: 2.5% of the transaction amount, with a minimum charge of Rs. 500
Summary
The Paytm HDFC Bank Mobile Credit Card is an entry-level card offering valuable savings and cashback opportunities. Cardholders earn 2% cashback on Paytm Mall, Paytm Movies, and Mini app spends, 1% on other Paytm app spends, and 0.5% on all other purchases, excluding EMI transactions, fuel purchases, and wallet reloads. Cashpoints can be redeemed at Re. 1 per point for statement cashback or Rs. 0.30 per point for travel bookings and rewards on SmartBuy, with no redemption fee. Dining benefits include up to 20% off at partner restaurants via Dineout. The Rs. 29 monthly membership fee is waived with a minimum spend of Rs. 2,500, and spending Rs. 10,000 or more for three consecutive months unlocks the Paytm HDFC Bank Credit Card with enhanced features. The card also offers a 1% fuel surcharge waiver, capped at Rs. 250 per month. It has a 3.75% monthly interest rate, a 3.5% foreign currency mark-up fee, and cash advance charges of 2.5% with a minimum of Rs. 500. Ideal for those beginning their credit journey, this card provides solid benefits with a nominal membership fee.