Paytm HDFC Bank Business Credit Card

The Paytm HDFC Bank Business Credit Card is a co-branded card created by HDFC Bank in collaboration with Paytm, designed exclusively for Paytm’s customer base. It’s particularly well-suited for business professionals, providing access to affordable EMI options for quick business loans. HDFC Bank also offers two personal credit cards in partnership with Paytm, namely, Paytm HDFC Bank Credit Card and Paytm HDFC Bank Credit Card Select.

This business credit card has an annual fee of Rs. 500, along with a renewal fee of Rs. 500. Notable features include cashback benefits on all purchases made on Paytm Mall, with a generous 3% cashback on monthly bill payments. Cardholders also enjoy complimentary Paytm First Membership and the opportunity to earn milestone benefits, including a gift voucher worth up to Rs. 500 for annual spends of Rs. 1 Lac (excluding EMI transactions).

Key Highlights of Paytm HDFC Bank Business Credit Card

Key Highlights of Paytm HDFC Bank Business Credit Card:

  1. CashBack Benefits: Earn cashback on various types of transactions, including Paytm, select Paytm spends, and retail spends.
  2. Cashback Restrictions: Cashback is not applicable for certain categories, including wallet loads, fuel, EMI, rental, and education spends.
  3. Interest-Free Period: Enjoy up to 50 days of interest-free credit on your card.
  4. Zero Liability: Report lost cards to the 24-hour call center for zero liability on fraudulent transactions.
  5. Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver on eligible transactions.
  6. Welcome Benefit: Receive Paytm First Membership as a welcome benefit upon meeting certain criteria.
  7. Activation Benefit: Enjoy a Rs. 250 worth Gift Voucher upon card activation with qualifying transactions.
  8. Milestone Benefit: Receive a Rs. 500 worth Gift Voucher on achieving specified annual spending milestones.
  9. Contactless Payment: Use the card for secure, quick payments at contactless-enabled outlets.
  10. Dining Benefit: Get up to a 20% discount at partner restaurants via Dineout when using the card.
  11. Quick Loan for Business: Check your eligibility for term loans on your credit card for business purposes.

Features and Benefits of Paytm HDFC Bank Business Credit Card

Here are the features and benefits of Paytm HDFC Bank Business Credit Card:

1. CashBack Benefits:

  • 3% Cashback on Paytm [Recharge, Utility, Movies, Mini App] (Max. Rs. 500/month)
  • 2% Cashback on select Paytm spends (Max. Rs. 500/month)
  • 1% cashback on other Retail Spends (Max. Rs. 1000/month)

2. T&C: Not applicable for wallet loads, fuel, EMI, rental, and education spends. Cashback as Cashpoints, redeemable after statement generation.
3. Free credit period: Up to 50 interest-free days.
4. Utility Bill Payments: Register with SmartPay for easy utility bill payments.
5. Zero cost liability: Zero liability for reported fraudulent transactions.
6. Fuel Surcharge Waiver: 1% surcharge waived (on ₹400-₹5,000, max ₹250 per cycle).
7. Welcome Benefit: Paytm First Membership on first transaction of Rs. 100.
8. Activation Benefit: Rs. 250 Gift Voucher on card activation with 2 non-EMI transactions in 30 days.
9. Milestone Benefit: Rs. 500 Gift Voucher on spending Rs. 1 Lac in a year (after 1 year of card issuance).
10. Contactless Payment: Secure, fast payments at contactless-enabled outlets.
11. Dining Benefit: Up to 20% discount on partner restaurants via Dineout.
12. Quick Loan for Business: Check term loan eligibility on your credit card.

Paytm HDFC Bank Business Credit Card Fees and Charges

Fees and Charges for Paytm HDFC Bank Business Credit Card:

  1. Annual Fee: HDFC Bank charges an annual fee of Rs. 500 (plus applicable taxes) for this card.
  2. Interest Rate: If the cardholder doesn’t clear all dues by the payment due date, an interest rate of 3.6% per month (43.2% annually) applies to the outstanding amount.
  3. Forex Mark-up Fee: For foreign currency transactions, a 3.5% mark-up fee is applicable on the transaction amount when using the Paytm HDFC Bank Business Credit Card.

Paytm HDFC Bank Business Credit Card Eligibility

Corporate credit cards, like standard credit cards, come with unique eligibility criteria for approval. While HDFC Bank doesn’t specify exact requirements, the general criteria typically include:

  1. Minimum age of 21 years for the applicant.
  2. The applicant should run a registered business with a substantial income.
  3. Credit scores, whether for the applicant or the business, may also influence eligibility.

Documents Required for Paytm HDFC Bank Business Credit Card

To apply for the Paytm HDFC Credit Card via video KYC, you must have the following documents ready:

  1. A blank sheet for your signature.
  2. Your original PAN card.

Please note that if any discrepancies arise, an HDFC Bank representative may request additional address proof documents. The following documents are acceptable for address proof:

  1. Proof of Aadhaar possession, e-Aadhaar printout (not older than 30 days), or e-KYC (Biometric/OTP based).
  2. Voter ID.
  3. Job card from NREGA, signed by a state government official.
  4. Valid passport.
  5. Valid driver’s license.
  6. Letter from the National Population Register containing your name and address details.

How to apply for Paytm HDFC Bank Business Credit Card

You have two options to apply for the Paytm HDFC Credit Card: online and offline. To apply online, follow these steps:

  1. Visit HDFC Bank’s official website.
  2. Navigate to the ‘Credit Cards’ section under the ‘Pay’ category.
  3. Explore the different credit card options organized on the page.
  4. Select ‘Paytm HDFC Bank Credit Card’ from the ‘Lifestyle’ section and click ‘Apply Now.’
  5. Provide the required information and continue with the application process.

For an offline application, visit your nearest HDFC Bank branch with the necessary documents.

Frequently Asked Questions (FAQs)

1. What is the Paytm HDFC Bank Business Credit Card?

The Paytm HDFC Bank Business Credit Card is a co-branded credit card offered in partnership between Paytm and HDFC Bank. It is designed to cater to the specific financial needs of business owners and professionals, providing a range of benefits and features.

2. How can I apply for the Paytm HDFC Bank Business Credit Card?

To apply for the card, you can visit the official website of HDFC Bank or Paytm. The application process usually involves filling out an online form with your personal and business details. You may also need to submit certain documents as per the bank’s requirements.

3. What are the key features of the Paytm HDFC Bank Business Credit Card?

The features may include cashback rewards, discounts on business expenses, travel benefits, and other perks. The specific features can vary, so it’s advisable to check the terms and conditions provided by HDFC Bank.

4. Can I link my existing Paytm account with the Paytm HDFC Bank Business Credit Card?

Yes, in most cases, you can link your existing Paytm account with the credit card. This integration allows you to manage your card transactions and payments seamlessly through the Paytm app.

5. How does the cashback system work with this credit card?

The cashback system typically offers a certain percentage of cashback on specific categories of spending, such as business purchases, travel, or entertainment. The exact details of the cashback program, including eligible categories and limits, will be outlined in the terms and conditions provided by HDFC Bank.

6. Are there any annual fees associated with the Paytm HDFC Bank Business Credit Card?

Yes, credit cards often come with an annual fee. Check the terms and conditions or contact HDFC Bank for specific details on the annual fee structure and any waiver criteria.

7. Can I track my business expenses using the Paytm HDFC Bank Business Credit Card?

Yes, the credit card transactions can be tracked through the Paytm app or HDFC Bank’s online banking portal. This feature helps you monitor and manage your business expenses efficiently.

8. What is the credit limit offered on the Paytm HDFC Bank Business Credit Card?

The credit limit varies based on factors such as your credit history, income, and other financial considerations. HDFC Bank will determine the credit limit during the application process.

9. How do I redeem the rewards earned with the Paytm HDFC Bank Business Credit Card?

Rewards redemption processes can vary. Typically, you can redeem rewards through the Paytm app or the HDFC Bank rewards portal. Refer to the terms and conditions for specific details on redemption options.

10. Is there a customer support helpline for queries related to the Paytm HDFC Bank Business Credit Card?

Yes, HDFC Bank provides customer support services. You can find the customer care contact details on the official website or the credit card documentation provided to you.