Paytm HDFC Bank Select Credit Card

In partnership with Paytm, HDFC Bank has introduced three personal credit cards, namely the Paytm HDFC Select Credit Card, Paytm HDFC Bank Credit Card, and Paytm HDFC Bank Mobile Credit Card, alongside two business credit cards. The premium option among these personal credit cards is the Paytm HDFC Select Credit Card, which has an annual fee of Rs. 1,000. This card provides a generous reward rate of up to 5% on expenditures at Paytm Mall, for movie tickets, and on mini-apps. Additionally, cardholders enjoy complimentary Paytm First membership and receive 8 free lounge access privileges at domestic airports nationwide.

Key Highlights of Paytm HDFC Bank Select Credit Card

  1. Card Type: Positioned as a mid-level credit card.
  2. Ideal For: Those seeking cashback rewards.
  3. Annual Fee: Priced at Rs. 1,000.
  4. Welcome Perk: Enjoy Paytm First Membership upon card activation.
  5. Key Feature: Get up to 5% cashback on Paytm transactions, making it a great choice for cashback enthusiasts.

Features and Benefits of Paytm HDFC Bank Select Credit Card

The HDFC Bank Select Credit Card offers several features and benefits:

  1. Welcome Benefit: Receive a free Paytm First membership upon your first transaction of Rs.100 or more, unlocking exclusive privileges from partner companies.
  2. Dining Offers: Enjoy up to 20% discounts at partner restaurants via Dineout.
  3. Milestone Benefit: Spend Rs.50,000 on non-EMI and non-rental purchases in a quarter to receive Rs.500 in gift vouchers, usable across various categories.
  4. Cashback: Earn 5% cashback on Paytm purchases (including Malls, Movies, Mini app), 2% cashback on Paytm transactions, and 1% cashback on retail purchases (excluding EMI, wallet reloads, and fuel transactions).
  5. Fuel Surcharge Waiver: Receive a 1% fuel surcharge waiver on fuel purchases over Rs.400, with a maximum cap of Rs.500 per statement cycle.
  6. Spend-Based Fee Waiver: If you spend Rs.50,000 on non-EMI purchases within the first 90 days, the annual membership fee is waived.
  7. Renewal Benefit: Spend Rs.1.5 lakh on non-EMI purchases within a year to waive the annual renewal fee.
  8. Add-on Card Benefit: Obtain up to four complimentary add-on cards for your family members.
  9. Zero Liability Benefit: Rest assured with zero lost card liability, meaning no responsibility for unauthorized card transactions if your card is lost.
  10. Interest-Free Credit: Enjoy up to 50 days of interest-free credit.
  11. Utility Bill Payments: Simplify utility bill payments by registering your card with SmartPay, HDFC Bank’s utility bill payment service.
  12. Complimentary Lounge Access: Access eight airport lounges for free each year.

Paytm HDFC Bank Select Credit Card Fees and Charges

Paytm HDFC Bank Select Credit Card Fees and Charges:

  1. Annual Membership Fee: Rs. 1000 + GST.
  2. First Year Fee waived with Rs. 50,000 (Non-EMI) spending within the first 90 days.
  3. Renewal Year Fee waived with Rs. 1,50,000 (Non-EMI) spending in 12 months.
  4. GST applies since July 1, 2017, based on place of provision (POP) and supply (POS).
  5. GST for Fees & Charges billed reflects in the next month’s statement and isn’t reversed on disputes.

Effective January 2023, new additions:

  1. 1% fee on rental transactions from the second rental transaction onward in the same calendar month.
  2. 1% mark-up fees on International DCC Transactions.

Paytm HDFC Bank Select Credit Card Eligibility

The eligibility criteria for the Paytm HDFC Bank Select Credit Card may vary over time and are subject to the bank’s policies. However, generally, the eligibility requirements for a credit card may include:

  1. Age: Applicants typically need to be within a certain age range, often between 21 and 60 years, although this can vary.
  2. Income: You need to meet the minimum income criteria set by HDFC Bank, which can vary depending on the specific card and your location.
  3. Credit Score: A good credit score is essential to qualify for a credit card. HDFC Bank usually looks for a credit score above a certain threshold, typically around 750 or higher.
  4. Citizenship: You should be a resident of India.
  5. Employment Status: You may need to provide proof of employment or a stable source of income.
  6. Address Proof: Proof of your current residential address, which can be utility bills, Aadhar card, or other documents.

Documents Required for Paytm HDFC Bank Select Credit Card

The specific documents required for applying for the Paytm HDFC Bank Select Credit Card may vary, but generally, you will need the following documents:

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 bills (electricity, water, gas) in your name
  • Rental agreement (if applicable)

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

  • Salary slips (for salaried individuals)
  • IT returns or Form 16 (for self-employed individuals)
  • Bank statements
  • Business proof (for self-employed individuals)

4. Passport-size photographs

5. Duly filled credit card application form

6. Any other documents as specified by HDFC Bank during the application process

How to apply for Paytm HDFC Bank Select 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 ‘Pay.’
  3. Select the ‘Paytm HDFC Bank Credit Card’ in the ‘Lifestyle’ category.
  4. Click ‘Apply Now.’
  5. Fill in the required details and follow the subsequent steps.

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 Select Credit Card?

The Paytm HDFC Bank Select Credit Card is a co-branded credit card offered in partnership between Paytm and HDFC Bank. It comes with various features and benefits, including cashback on Paytm transactions, reward points, and exclusive offers.

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

You can apply for the card through the official website of HDFC Bank or Paytm. The application process typically involves filling out an online form and submitting the necessary documents.

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

The features may include cashback on Paytm transactions, reward points on all spends, fuel surcharge waiver, and exclusive access to discounts and offers on partner platforms.

4. How does the cashback on Paytm transactions work?

The cashback is usually credited to your credit card account after you make eligible transactions on the Paytm platform. The terms and conditions regarding cashback may vary, so it’s important to review them.

5. Can I convert my purchases into EMI using this credit card?

Yes, many credit cards, including the Paytm HDFC Bank Select Credit Card, offer the option to convert purchases into EMIs (Equated Monthly Instalments). Check the specific terms and conditions related to EMI conversion.

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

Credit card fees and charges can change, so it’s recommended to refer to the latest information on the official websites of HDFC Bank or Paytm. Annual fees, if any, are typically mentioned in the terms and conditions.

7. How can I check my credit card statement and reward points balance?

You can check your credit card statement and reward points balance through the HDFC Bank net banking portal, mobile app, or by contacting the customer support service.

8. Is there a foreign transaction fee on this credit card?

Credit cards may have foreign transaction fees for international transactions. Review the terms and conditions of the Paytm HDFC Bank Select Credit Card to understand the applicable fees.

9. What is the customer support contact for the Paytm HDFC Bank Select Credit Card?

You can contact HDFC Bank customer support for credit card-related queries. The contact information is usually available on the official website and the back of your credit card.

10. Can I link my Paytm wallet with the Paytm HDFC Bank Select Credit Card?
The integration of Paytm wallet with the credit card may vary. Check with Paytm or HDFC Bank to understand if there are specific features that allow linking the Paytm wallet with the credit card for enhanced benefits.