Paytm HDFC Bank Select Credit Card Vs Paytm SBI Credit Card SelectPaytm HDFC Bank Select Credit Card Vs Paytm SBI Credit Card Select

Paytm HDFC Bank Select Vs Paytm SBI Credit Card Select

Paytm is recognized as a leading mobile payment application and electronic wallet within India. It has established collaborations with multiple banks to launch co-branded credit cards, such as partnerships with HDFC Bank and SBI Bank. Both HDFC Bank and SBI Bank hold significant positions in the financial market, renowned for their diverse financial services and the issuance of commendable credit cards.

When comparing Paytm HDFC Bank SELECT Credit Card and Paytm SBI Credit Card Select, it’s evident that the former caters particularly well to avid shoppers. With a membership fee of Rs. 1,000, this card delivers exceptional benefits across shopping, travel, fuel, and additional perks like Milestone and Annual fee waiver benefits. Notably, the advantages amplify when making purchases through the Paytm App, providing cashback for transactions on Paytm Mall, Movies, and other Paytm-related purchases.

On the other hand, the Paytm SBI Credit Card Select, with a membership fee of Rs. 1,499, offers comparable benefits to the Paytm HDFC Select Card.

Features and Benefits of Paytm HDFC Bank Select Credit Card and Paytm SBI Credit Card Select

Paytm HDFC Bank Select Credit Card:

  1. Co-branded credit card by HDFC Bank and Paytm.
  2. Ideal for Paytm App enthusiasts with lucrative cashback offers.
  3. Welcome gift includes complimentary Paytm First membership.
  4. Additional benefits encompass travel perks, including domestic airport lounge access.
  5. Meeting spending targets allows individuals to waive joining and annual fees.
  6. Cashback earned is credited as cashpoints, usable for various redemptions.
  7. Quarterly spending of Rs. 50,000 or more yields a Rs. 500 gift voucher.
  8. Enjoy the benefit of having the fuel surcharge waived, along with the added perk of receiving eight free visits to domestic lounges every year.

Paytm SBI Credit Card Select:

  1. Collaboration between SBI Bank and Paytm for a co-branded credit card.
  2. Catered to Paytm Mall and Paytm App users, offering cashback on various transactions.
  3. Enjoy a complimentary Paytm First Membership as a welcoming perk.
  4. Cashback, E-Gift Vouchers, and renewal of Paytm First Membership based on annual spending.
  5. Travel benefits encompass access to domestic airport lounges at no additional cost, as well as membership to Priority Pass.
  6. Cyber Fraud Insurance covering losses up to Rs. 2 Lakhs for fraudulent transactions.

Comparison between Paytm HDFC Bank Select Credit Card and Paytm SBI Credit Card Select

Paytm HDFC Bank Select Credit Card:

  • Reward Rate:
    • 5% cashback on Paytm Mall/Movies/Mini apps spends.
    • 2% cash back on other Paytm spends.
    • 1% cashback on all other retail spends.
  • Reward Redemption:
    • Cashpoints redeemable against outstanding balance or for Smartbuy (Flights/Hotels), Airmiles & Product Catalogue.
  • Welcome Benefits:
    • Paytm first membership.
    • Cashback of Rs. 750 upon card activation in Paytm wallet.
  • Milestone Benefits:
    • Gift voucher up to Rs. 500 on spending Rs. 50,000 or more in a quarter.
    • E-Gift Vouchers (Bata/ Hush Puppies and Pantaloons) worth Rs. 2,000 on spending Rs. 4 Lakhs or more in a year. Rs. 4,000 voucher on spending Rs. 6 Lakhs or more.
  • Annual Fee Waiver:
    • Joining fee of Rs. 1,000 waived off on spending Rs. 50,000 or more within 90 days.
    • If you spend Rs. 1,50,000 or more in the previous year, you won’t have to pay the Rs. 1,000 annual fee.
  • Fuel Surcharge Waiver:
    • 1% fuel surcharge waived off at all petrol stations in India for transactions above Rs 400.
  • Lounge Access:
    • 8 complimentary domestic lounge access every year.
  • Joining Fee:
    • Rs. 1,000 (Plus Applicable taxes)
  • Renewal Fee:
    • Rs. 1,000 (Plus Applicable taxes)

Paytm SBI Credit Card Select:

  • Reward Rate:
    • 5% cashback on Paytm Mall/Movies/Travel spends.
    • 2% cash back on other Paytm spends.
    • Get a 1% cashback on any purchases made, whether it’s online or offline, when using the card.
  • Reward Redemption:
    • Cash back directly credited to the account.
  • Welcome Benefits:
    • Paytm first membership.
    • Cashback of Rs. 750 upon activation of the card in Paytm wallet.
  • Milestone Benefits:
    • Receive e-gift vouchers valued at Rs. 2,000 for Bata/Hush Puppies and Pantaloons when you spend Rs. 4 Lakhs or above within a year. Moreover, spend Rs. 6 Lakhs or more and get a voucher worth Rs. 4,000.
  • Annual Fee Waiver:
    • NA
  • Fuel Surcharge Waiver:
    • 1% fuel surcharge waived off.
  • Lounge Access:
    • 4 complimentary Domestic Airport Lounge access in a year.
  • Joining Fee:
    • Rs. 1,499 (Plus Applicable taxes)
  • Renewal Fee:
    • Rs. 1,499 (Plus Applicable taxes)

Which credit card suits you best?

  1. Examine the distinctive characteristics of the Paytm HDFC Bank Select Credit Card and the Paytm SBI Select Card to identify their unique offerings and benefits.
  2. Both cards are similar, but differences exist.
  3. Paytm HDFC offers more domestic lounge access than Paytm SBI.
  4. Paytm HDFC has spend-based annual fee waiver; Paytm SBI does not.
  5. Notable fee difference between the two.
  6. If you’re a regular Paytm user, these cards are worth considering for your transactions.

Frequently Asked Questions (FAQs)

Q1: What distinguishes the Paytm HDFC Bank Select Credit Card from the Paytm SBI Credit Card Select in terms of their main features?

A1: Both cards offer comparable benefits like cashback, reward points, and special deals for Paytm transactions. Nevertheless, they diverge subtly in terms of lounge access privileges and the structure of annual fees.

Q2: What distinguishes the lounge privileges between the Paytm HDFC Bank Select Credit Card and the Paytm SBI Credit Card Select?

A2: The Paytm HDFC card provides greater access to domestic lounges in comparison to the Paytm SBI card. This difference in lounge benefits stands out as a significant contrast between the two.

Q3: What are the charges associated with the credit cards on an annual basis?

A3: The Paytm HDFC Bank Select Credit Card offers a waiver on the annual fee based on spending, which isn’t provided by the Paytm SBI Credit Card Select. Additionally, there’s a noticeable contrast in the annual fees between these two cards.

Q4: Should I consider these cards if I frequently transact on Paytm?

A4: Certainly! If you’re actively using Paytm for multiple transactions, it’s worth considering both cards. Take a close look at the unique features and fees of each card to figure out which one suits your spending patterns and personal preferences more effectively.

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