Paytm HDFC Bank Mobile Credit Card

The Paytm HDFC Bank Mobile Credit Card is a digital credit card offering by Paytm in partnership with HDFC Bank. It provides users with a convenient and secure way to access credit for their digital and mobile transactions. This virtual credit card can be used for online purchases, mobile recharges, utility bill payments, and more through the Paytm app. It offers flexibility and ease of use, making it a convenient option for those who prefer mobile-based financial transactions.

Key Highlights of Paytm HDFC Bank Mobile Credit Card

Here are the Key Highlights of Paytm HDFC Bank Mobile Credit Card:

  • HDFC Bank offers three credit cards in partnership with Paytm: Paytm HDFC Bank Select Credit Card, Paytm HDFC Bank Credit Card, and Paytm HDFC Bank Mobile Credit Card.
  • Paytm HDFC Bank Mobile Credit Card is the most basic and affordable, with a monthly fee of Rs. 29 + GST, which can be waived if you spend Rs. 2,500 or more in the previous month.
  • This card offers up to 2% cashback on most transactions.
  • Spending Rs. 10,000 monthly for three consecutive months upgrades you to the Paytm HDFC Bank Credit Card.
  • The card provides a 1% fuel surcharge waiver on fuel transactions over Rs. 400.

Features and Benefits of Paytm HDFC Bank Mobile Credit Card

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

  1. Welcome Benefit: Receive a complimentary Paytm First membership upon making a minimum transaction of Rs. 100, unlocking premium rewards and privileges.
  2. Dining Offers: Enjoy up to 20% discounts at partner restaurants through Dineout.
  3. Milestone Benefit: Earn cashback of up to Rs. 1,200 per year with 1% cashback for monthly spending of Rs. 10,000 on non-EMI transactions, capped at Rs. 100 per month.
  4. Cashback: Get 3% cashback on Paytm purchases, including Malls, Movies, and Mini apps. Receive 1% cashback on all other Paytm transactions and retail purchases. Not applicable for EMI, wallet reloads, and fuel transactions.
  5. Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on fuel purchases of Rs. 400 or more, with a maximum cap of 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: Receive up to four complimentary add-on cards for your family members.
  8. Zero Liability Benefit: Experience zero lost card liability, ensuring no liability for unauthorized purchases in case of card loss.
  9. Interest-Free Credit: Benefit from an interest-free credit period of up to 50 days.
  10. Convenient Utility Bill Payments: Register your card with SmartPay, an HDFC Bank utility bill payment service, for easy and timely payment of utility bills.

Paytm HDFC Bank Mobile Credit Card Fees and Charges

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

  1. Spend Based Waiver: The monthly fee is waived if you spend Rs. 2,500 or more in the previous month.
  2. Rewards Redemption Fee: No fee for redeeming rewards.
  3. Foreign Currency Markup: 3.5% added to foreign currency transactions.
  4. Interest Rates: 3.75% per month (45% annually).
  5. Fuel Surcharge: Enjoy a 1% fuel surcharge waiver, maxing out at Rs. 250 per month.
  6. Cash Advance Charges: 2.5% of the transacted amount, with a minimum of Rs. 500.
  7. Add-on Card Fee: No fee for adding supplementary cards.

Paytm HDFC Bank Mobile Credit Card Eligibility

The eligibility criteria for a Paytm HDFC Bank Mobile Credit Card may include:

  1. Age: Typically, the primary cardholder should be between 21 and 60 years of age.
  2. Residential Status: You should be a resident of India.
  3. Income: Your annual income should meet the bank’s minimum income requirement, which varies and is set by HDFC Bank.
  4. Credit Score: A good credit score is usually required for approval. A credit score of 750 or above is often preferred.
  5. Existing Relationship: Having an existing relationship with HDFC Bank, such as a savings or current account, may be advantageous.
  6. Employment: You may need to provide proof of employment, such as salary slips or income tax returns.
  7. Address Proof: You will need to provide a valid address proof, such as a utility bill or Aadhar card.
  8. KYC Documents: You’ll be required to submit Know Your Customer (KYC) documents as per the bank’s requirements.

Documents Required for Paytm HDFC Bank Mobile Credit Card

The documents required for applying for a Paytm HDFC Bank Mobile Credit Card may include:

1. Proof of Identity (Any one of the following):

  • Aadhar Card
  • Passport
  • Voter ID
  • Driver’s License
  • PAN Card

2. Proof of Address (Any one of the following):

  • Aadhar Card
  • Passport
  • Utility Bill (electricity, water, gas, etc.)
  • Ration Card
  • Voter ID

3. Proof of Income (Any one or more of the following):

  • Salary slips (for salaried individuals)
  • Income Tax Returns (ITR)
  • Bank statements
  • Form 16 (for salaried individuals)
  • Business financial statements (for self-employed individuals)

4. Passport-Size Photographs: You may be required to provide recent passport-sized photographs.

5. Duly Filled Application Form: The application form provided by HDFC Bank, which you will need to complete and submit.

6. KYC Documents: Any additional documents required to fulfill Know Your Customer (KYC) norms, as specified by HDFC Bank.

How to apply for Paytm HDFC Bank Mobile Credit Card

To apply for a Paytm HDFC Bank Mobile Credit Card, you can follow these steps:

1. Check Eligibility: Before you apply, ensure you meet the eligibility criteria set by HDFC Bank. These criteria typically include age, income, credit score, and other factors.

2. Gather Documents: Collect the necessary documents, such as proof of identity, proof of address, proof of income, passport-size photographs, and any other documents that may be required.

3. Visit the Paytm App or Website:

  • Open the Paytm mobile app or visit the Paytm website.

4. Navigate to Credit Cards:

  • In the Paytm app or on the website, find the “Credit Cards” section. This is where you can explore the available credit card options.

5. Select the Paytm HDFC Bank Mobile Credit Card:

  • Within the credit card section, look for the Paytm HDFC Bank Mobile Credit Card and select it.

6. Check Features and Benefits:

  • Review the features, benefits, and terms and conditions of the card to ensure it meets your needs.

7. Apply Online:

  • Click on the “Apply Now” or “Apply Online” button. You’ll be directed to the HDFC Bank’s credit card application page.

8. Fill in Details:

  • Complete the online application form with your personal and financial information. Be accurate and thorough in providing your details.

9. Upload Documents:

  • You’ll be asked to upload the necessary documents as mentioned in the application form. Ensure all documents are clear and legible.

10. Submit Application:

  • Review the application for accuracy, and then submit it.

11. Application Review:

  • HDFC Bank will review your application, including your creditworthiness, and may contact you for additional information if needed.

12. Approval and Card Dispatch:

  • If your application is approved, you will receive the Paytm HDFC Bank Mobile Credit Card. The bank will dispatch the card to your registered address.

13. Activation:

  • Once you receive the card, follow the activation instructions provided by HDFC Bank to activate it.

Frequently Asked Questions (FAQs)

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

The Paytm HDFC Bank Mobile Credit Card is a digital credit card issued in partnership between Paytm and HDFC Bank. It is designed to provide users with a convenient and secure way to make digital transactions.

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

To apply for the Paytm HDFC Bank Mobile Credit Card, you can visit the Paytm app and navigate to the credit card section. Follow the application process as guided within the app.

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

The card offers features such as instant issuance, reward points on transactions, cashback offers, and seamless integration with the Paytm app for managing transactions and payments.

4. Can I use the Paytm HDFC Bank Mobile Credit Card for offline transactions?

Yes, the Paytm HDFC Bank Mobile Credit Card can be used for both online and offline transactions wherever HDFC Bank credit cards are accepted.

5. How do I manage my Paytm HDFC Bank Mobile Credit Card?

You can manage your Paytm HDFC Bank Mobile Credit Card through the Paytm app. The app provides options to view transactions, check your credit limit, and make payments conveniently.

6. What are the rewards and benefits associated with the Paytm HDFC Bank Mobile Credit Card?

The card offers reward points on every transaction, and these points can be redeemed for various benefits, such as cashback, discounts, or merchandise.

7. How secure is the Paytm HDFC Bank Mobile Credit Card?

The Paytm HDFC Bank Mobile Credit Card is designed with security features to ensure the safety of your transactions. It is important to keep your login credentials confidential and report any unauthorized transactions promptly.

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

The credit limit on the Paytm HDFC Bank Mobile Credit Card is determined based on various factors, including your credit history and financial profile. You will be informed of your credit limit upon approval.

9. How do I pay my Paytm HDFC Bank Mobile Credit Card bill?

You can make payments for your Paytm HDFC Bank Mobile Credit Card through the Paytm app using various payment methods such as UPI, debit cards, or net banking.

10. Is there an annual fee for the Paytm HDFC Bank Mobile Credit Card?
The fee structure, including annual fees and any other charges, is communicated at the time of application and is subject to change. Refer to the terms and conditions for detailed information.