Paytm HDFC Credit Card

The Paytm HDFC Bank Credit Card, a co-branded offering in partnership with Paytm, provides exclusive Paytm First Membership benefits to cardholders. Earn 2%-3% cashback on Paytm app spending and 1% on other transactions. Accomplishing the spending milestone can yield up to Rs. 1,200 in extra cashback annually. The card carries a Rs. 500 annual fee and a 3.6% monthly interest rate on outstanding balances, but this can be avoided by paying in full within the interest-free period, which can extend up to 50 days. Additionally, enjoy a 1% fuel surcharge waiver at authorized fuel stations.

Key Highlights of Paytm HDFC Bank Credit Card

Key Highlights of Paytm HDFC Bank Credit Card:

  1. Card Type: This is an entry-level credit card.
  2. Best Suited For: Ideal for those seeking cashback benefits.
  3. Monthly Fee: The card comes with a monthly fee of Rs. 500 plus GST.
  4. Welcome Benefit: Cardholders enjoy a welcome benefit of Paytm First Membership.
  5. Best Feature: The standout feature is the opportunity to earn up to 3% cashback on Paytm transactions.

Features and Benefits of Paytm HDFC Bank Credit Card

The Paytm HDFC Bank Credit Card offers a range of exclusive features and benefits:

  1. Welcome Benefit: Receive complimentary Paytm First membership with premium rewards and privileges upon a minimum transaction of Rs.100.
  2. Dining Offers: Enjoy up to 20% discounts at partner restaurants through Dineout.
  3. Milestone Benefit: Earn up to Rs.1,200 cashback per year, with 1% cashback on monthly non-EMI spending of Rs. 10,000 (max Rs.100/month).
  4. Cashback: Get 3% cashback on Paytm purchases, 1% cashback on Paytm transactions, and 1% cashback on retail purchases. Excludes EMI, wallet reloads, and fuel transactions.
  5. Fuel Surcharge Waiver: Receive a 1% surcharge waiver on fuel purchases over Rs.400, capped at Rs.250 per statement cycle.
  6. Spend-Based Fee Waiver: Your monthly fee is waived if you spend Rs.5,000 on retail purchases in a month.
  7. Add-on Card Benefit: Obtain up to four complimentary add-on cards for family members.
  8. Zero Liability Benefit: Enjoy zero liability for unauthorized purchases in case of a lost card.
  9. Interest-Free Credit: Benefit from an interest-free credit period of up to 50 days.
  10. Utility Bill Payments: Conveniently pay your utility bills on time by registering your card with SmartPay, HDFC Bank’s utility bill payment service.

Paytm HDFC Credit Card Fees and Charges

Here are the fees and charges associated with the Paytm HDFC Credit Card:

Annual Membership Fee: Rs. 500 + GST

  • First Year Fee waived with Rs. 30,000 (Non-EMI) spending in the initial 90 days
  • Renewal Year Fee waived with Rs. 50,000 (Non-EMI) spending within 12 months

Note: Existing customers before April 1, 2023, retain current charges until transition to annual pricing.

Monthly Membership Fee: Rs. 49 + GST

  • Monthly Fee waived with Rs. 5,000 (Non-EMI) retail spending in a month.

Paytm HDFC Bank Credit Card Eligibility

Eligibility criteria for the Paytm HDFC Bank Credit Card may vary over time and based on the specific card variant being offered. However, some common eligibility factors typically include:

  1. Age: You should be within a certain age range, usually 21 to 60 years, to be eligible for this credit card.
  2. Income: Most credit cards have a minimum income requirement. To qualify for the Paytm HDFC Bank Credit Card, you will typically need to meet a specified monthly or annual income threshold.
  3. Credit Score: A good credit history and credit score are important. HDFC Bank usually looks for a credit score of 750 or higher for credit card applicants.
  4. Residential Status: You should be a resident of India to be eligible for this card.
  5. Employment Status: You might need to be a salaried individual or self-employed professional/businessperson. Employment stability may also be a consideration.
  6. Documentation: You will be required to provide the necessary documents, including proof of identity, address, income, and other KYC (Know Your Customer) documents.
  7. Existing Relationship with HDFC Bank: Having an existing account or relationship with HDFC Bank might enhance your eligibility for their credit cards.

Documents Required for HDFC Paytm Credit Card

To apply for the HDFC Paytm Credit Card via video KYC, you’ll need to have the following documents ready:

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

It’s important to note that if there are any discrepancies, an HDFC  Bank representative will reach out to you for additional address proof documents. Acceptable documents for address proof include:

  • Proof of Aadhaar possession or an e-Aadhaar printout issued within the last 30 days.
  • Voter ID.
  • NREGA job card, signed by a state government official.
  • Valid passport.
  • Valid driving license.
  • Letter from the National Population Register containing your name and address information.

How to apply for Paytm HDFC Bank Credit Card

To get the Paytm HDFC Bank Credit Card, you have two application options: online or offline.

If you prefer the online route, follow these steps:

  1. Visit HDFC Bank’s official website.
  2. Navigate to the ‘Pay’ section and select ‘Credit Cards.’
  3. Explore the credit card options in various sections.
  4. Find ‘Paytm HDFC Bank Credit Card’ in the ‘Lifestyle’ section and click ‘Apply Now.’
  5. Fill in the required information and continue with the application process.

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

Frequently Asked Questions (FAQs)

1. What is the Paytm HDFC Credit Card?

The Paytm HDFC Credit Card is a co-branded credit card offered in partnership between Paytm and HDFC Bank. It provides users with a range of benefits, rewards, and exclusive offers on transactions made through the Paytm platform.

2. How can I apply for a Paytm HDFC Credit Card?

You can apply for the Paytm HDFC Credit Card through the Paytm app or website. The application process typically involves filling out an online form and submitting the required documents as per HDFC Bank’s credit card application procedure.

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

The key features include cashback on Paytm transactions, reward points on spends, discounts on partner merchants, and various lifestyle benefits. The specifics may vary, and it’s advisable to check the latest terms and conditions.

4. What is the eligibility criteria for the Paytm HDFC Credit Card?

The eligibility criteria may include factors such as age, income, credit score, and employment status. These criteria are set by HDFC Bank, and meeting them increases the chances of approval.

5. How can I check the status of my Paytm HDFC Credit Card application?

You can check the status of your credit card application through the HDFC Bank’s official website or by contacting their customer service. Paytm may also provide updates on the application status through the Paytm app.

6. How does the cashback feature work on the Paytm HDFC Credit Card?

The cashback feature typically offers a percentage of the transaction amount back as cashback, which is credited to the cardholder’s account. The terms and conditions, including the eligible transactions and maximum cashback limits, can be found in the card’s documentation.

7. What are the rewards and loyalty points associated with the Paytm HDFC Credit Card?

The card usually earns reward points on every transaction, which can be redeemed for various benefits such as vouchers, merchandise, or statement credits. The rewards program details are outlined in the card’s terms and conditions.

8. Are there any annual fees or charges associated with the Paytm HDFC Credit Card?

Credit cards often come with annual fees, and the Paytm HDFC Credit Card may have associated charges. It’s essential to review the card’s fee structure, including annual fees, renewal fees, and any other applicable charges.

9. How can I make payments on my Paytm HDFC Credit Card?

Payments can be made through various channels, including the HDFC Bank website, mobile app, net banking, or at HDFC Bank branches. Paytm may also offer specific features for credit card payments on its platform.

10. Where can I get more information or assistance regarding my Paytm HDFC Credit Card?

For any queries or assistance, you can contact the HDFC Bank customer service or refer to the Paytm app or website. Additionally, HDFC Bank usually provides a dedicated customer service helpline for credit card-related issues.