Paytm HDFC Bank Mobile Credit Card
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Joining Fee
Renewal Fee
Best Suited For
Reward Type
Welcome Benefits
Movie & Dining
Up to 20% discount on partner restaurants via Dineout.
Rewards Rate
2% cashback on Paytm mall, movies & Mini app, 1% cashback on other spends on Paytm app, and 0.5% cashback on all other spends.
Reward Redemption
Redeem your Cashpoints as Cashback along with other redemption options.Re.1 Cashpoint =Re.1 Cashback for redemption against the statement balance. Re.1 Cashpoint = Re.0.3 for redemption against travel benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal.
Travel
NA
Domestic Lounge Access
NA
International Lounge Access
NA
Golf
NA
Insurance Benefits
NA
Spend-Based Waiver
Annual Fee Waiver on Spends of ₹25,000
Rewards Redemption Fee
Nil
Foreign Currency Markup
3.5% on all foreign currency transactions
Interest Rates
3.75% per month (45% annually)
Fuel Surcharge
1% fuel surcharge waiver capped at Rs. 250 per month.
Cash Advance Charges
2.5% of the transacted amount subject to a minimum of Rs. 500.
- A cashback of 1%-2% on your spends on the Paytm app.
- An assured cashback of 0.5% on all other retail spends.
- Get all the exclusive benefits of the Paytm HDFC Credit Card when you reach the milestone spend.
- Spend-based waiver of the annual membership fee.
- 1% fuel surcharge waiver on all transactions above Rs. 250.
Paytm HDFC Bank Mobile Credit Card Cashback
- You earn a 2% cashback on all your spending on Paytm Mall, Paytm movies, and the Mini app. Maximum cap of ₹250.
- You earn a cashback of 1% on all other spends on the Paytm app. Maximum cap of ₹250.
- You earn a cashback of 0.5% on all other online & offline purchases. Maximum cap of ₹500.
- No cashback is earned on selected spends, including EMI transactions, rent, fuel purchases, and wallet reloads.
Reward Redemption
The cashback earned on the Paytm HDFC Bank Select Business Credit Card are given to the cardholder as Cashpoints. Cashpoints can also be redeemed by the customer against outstanding balance as cashback or can be used for redeeming against other categories such as Smartbuy (Flights/Hotels), Airmiles & Product Catalogue.
Milestone Benefits
On achieving a spend of ₹10,000 or more in 3 consecutive months, you can unlock the benefits of the Paytm HDFC Bank Credit Card, which is a superior version of the Paytm HDFC Bank Mobile Credit Card.
Fuel Surcharge Waiver
- The 1% fuel surcharge is waived off at all fuel stations for all transactions worth ₹ 400 or more.
- The maximum benefit through the fuel surcharge waiver is capped at ₹250 per month for the Paytm HDFC Bank Mobile Credit Card.
Bottom Line
The Paytm HDFC Bank Mobile Credit Card is an entry-level credit card issued by the bank in partnership with Paytm. This card is aimed at providing decent saving benefits to individuals who are looking for a credit card with a nominal membership fee. It doesn’t only earn you cashback on all your spends, but also gives you an opportunity to unlock the benefits of the Paytm HDFC Bank Credit Card that comes with relatively more exciting features. You can also save on your fuel purchases by getting the 1% fuel surcharge waived and on the membership fee by achieving a spend of ₹25,000 or more each month. If you are someone who is just going to start their credit journey and want to have an entry-level credit card, the Paytm HDFC bank Credit Card would be a decent choice. If you have any further questions regarding the above information, make sure to ask us in the comment section below!
FAQs:
What is the annual fee of the Paytm HDFC Bank Mobile Credit Card?
What is the reward rate for transactions made outside the Paytm app?
What is the foreign currency markup fee on this card?
Can I use the cashback against my outstanding balance?