Paytm HDFC Bank Select Credit Card
Joining Fee: ₹1,000 + GST
Renewal Fee: ₹1,000 + GST
Reward Type: Reward Points
Welcome Benefit
Complimentary Paytm First Membership: Enjoy free access to Paytm First membership upon card issuance.
Cashback and Rewards
5% Cashback on Paytm App: Earn 5% cashback on spends within the Paytm app (Recharge, Utility, Travel, Movies & Mini App) with a maximum cap of Rs. 1,500 per month.
3% Cashback on Select Brands: Get 3% cashback on brands like Ajio, Swiggy, Uber, and BigBasket, capped at Rs. 500 per month.
1% Cashback on Other Retail Spends: Earn 1% cashback on all other retail spends, capped at Rs. 2,000 per month.
Exclusions: No cashback on fuel, rental payments, and government spends.
Reward Redemption
Cashpoints Redemption: Cashback is provided as Paytm Gift Vouchers or Cashpoints, which can be redeemed against outstanding balances, or used for Smartbuy (Flights/Hotels) and Airmiles & Product Catalogue.
Milestone Benefits
Gift Vouchers on Quarterly Spending: Receive gift vouchers worth Rs. 500 for spending Rs. 50,000 or more in a calendar quarter (non-EMI spends only). Vouchers can be chosen from categories like Health & Wellness, Shopping, Entertainment, and Food delivery.
Joining Fee Waiver: Spend Rs. 50,000 within the first 90 days to get the first year’s membership fee waived.
Annual Fee Waiver: Waive the annual renewal fee by spending Rs. 1.5 lakhs or more in the previous year.
Travel Benefits
Complimentary Domestic Lounge Access: Enjoy 8 complimentary lounge visits per year (maximum 2 per quarter) at domestic airports across India.
Fuel Surcharge Waiver
1% Fuel Surcharge Waiver: Available on fuel transactions above Rs. 400, with a maximum benefit of Rs. 500 per statement cycle.
Finance & Forex Charges
3.5% Markup Fee: Applicable on all foreign currency transactions.
3.6% Monthly Interest: Equivalent to 43.2% per annum on overdue amounts.
2.5% Cash Advance Fee: Charged on cash withdrawals, subject to a minimum fee of Rs. 500.
Summary
The Paytm HDFC Bank Select Credit Card is a premium co-branded card tailored for regular Paytm users, offering substantial cashback and perks. Cardholders receive 5% cashback on Paytm purchases and 3% on popular brands like Ajio, Swiggy, BigBasket, and Uber, with 1% cashback on other spends. It also provides up to 8 complimentary domestic lounge visits annually (2 per quarter). The card comes with a Rs. 1,000 joining fee, which can be waived by spending Rs. 50,000 within 90 days, and the renewal fee can be waived by spending Rs. 1.5 lakhs in a year. Additional benefits include a 1% fuel surcharge waiver on transactions over Rs. 400, a 3.5% foreign currency mark-up fee, a 3.6% monthly interest rate on overdue amounts, and a 2.5% cash advance fee, with a minimum charge of Rs. 500. Ideal for those heavily using Paytm, this card also includes complimentary Paytm First membership.