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Paytm HDFC Bank Select Credit Card Features and Benefits

Paytm HDFC Select Credit Card, which is the most premium of the three Paytm co-branded credit cards by HDFC, offers cashback and a number of additional benefits, such as complimentary Paytm First membership, gift vouchers, travel benefits, etc.

Milestone Benefit

• Gift vouchers worth Rs. 500 on spending a minimum of Rs. 50,000 (only non-EMI spends considered) in a calendar quarter. The gift voucher can be chosen from the Health & Wellness, Shopping, Entertainment, Food delivery, etc. categories.
• The joining fee (first year’s membership fee) of the card is waived off on a minimum expenditure of Rs. 50,000 in the first 90 days of card issuance.
• The annual renewal fee (second year onwards) of the card is waived on an expenditure of a minimum of Rs. 1.5 lacs in the preceding year.

Travel Benefits

Paytm HDFC Bank Select Credit Card entitles the cardholder to 8 complimentary lounge access every year (max 2 per quarter) at domestic airports across India.

Fuel Surcharge Waiver

You get a 1% waiver on the surcharge applicable on fuel purchases made with HDFC Paytm Select Credit Card. The waiver is applicable only on fuel transactions greater than Rs. 400, and the max waived amount is capped at Rs. 500 per statement cycle.

Paytm HDFC Select Credit Card Rewards

Paytm HDFC Bank Select Credit Card is a cashback-based credit card. As it is a Paytm co-branded card, the cashback earned is given as Paytm Gift Vouchers. You earn as cashback of-

• 5% on all spends with the Paytm app (Recharge, Utility, Travel, Movies & Mini App). The maximum cap is Rs. 1500 per month.
• 3% on select brands like Ajio, Swiggy, Uber and BigBasket. The maximum cap is Rs. 500 per month.
• 1% on all other retail spends with the card, and the maximum cap is Rs. 2,000 per month.
• No cashback is earned on fuel, rental payments, and government spends.

Reward Redemption

The cashback earned on the Paytm HDFC Bank Select Credit Card is given to the cardholder as Cashpoints. The customer can also redeem cash points against an outstanding balance as cashback or use them to redeem against other categories such as Smartbuy (Flights/Hotels) and Airmiles & Product Catalogue.

Paytm HDFC Select Credit Card Fees & Charges

• Annual Fee: HDFC Bank charges an annual fee of Rs. 1,000 (plus applicable taxes) for Paytm HDFC Bank Credit Card.
• Cash Advance Fee: HDFC Bank levies a cash withdrawal fee of 2.5% of the withdrawn amount (subject to a minimum fee of Rs. 500) on cash withdrawals with the card from ATMs.

With your Paytm HDFC Bank Credit Card, you can get up to 4 add-on credit cards for no extra fee.

Advantages of Paytm HDFC Bank Select Credit Card

• Gift Voucher: You get a complimentary gift voucher worth Rs. 500 on spending a minimum of Rs. 50,000 with the card in a given quarter (thus a maximum benefit of RS. 200 in a year).
• Domestic Airport Lounge Access: Paytm HDFC Select Credit Card also entitles cardholders to complimentary access to domestic airport lounges across the country.

Drawbacks of Paytm HDFC Bank Select Credit Card

• HDFC Paytm Select Credit Card might not be a good choice if you do not frequently spend on Paytm/Paytm Mall, as the card’s reward rate on other merchants is just 1%.
• The membership fee of the Paytm HDFC Select Credit Card is Rs. 1,000/annum, which is higher than its competitors like Amazon Pay ICICI Bank Credit Card (lifetime free) and Flipkart Axis Bank Credit Card (Rs. 500/annum). While the ICICI Bank Amazon Pay Credit Card does not offer complimentary airport lounge access, the Flipkart Axis Bank Card does come with four complimentary airport lounge access per annum.

Paytm HDFC Bank Select Credit Card Customer Care

HDFC Bank provides 24×7 customer care support to its credit card customers. Cardholders can dial the bank’s 24×7 helpline numbers 1860 267 6161 or 61606161 (prefix STD code) to report the loss of the card to the bank or in case any assistance is required. Cardholders traveling abroad may dial 022 61606160 to reach HDFC’s overseas customer care desk.

Paytm HDFC Bank Select Credit Card Review

The Paytm HDFC Bank Select credit card is a co-branded offering and is perfect for people who regularly use Paytm to make spends. It is the most premium variant out of all the co-branded cards issued by Paytm and HDFC Bank and is available at an Rs. 1000 joining fee. You get 5% cashback on Paytm purchases and 3% cashback on popular brands like Ajio, Swiggy, BigBasket and Uber.

Apart from this, you get 1% cashback on spends elsewhere and up to 8 complimentary domestic lounge access, max twice per quarter. You can even get the joining fee waived for spending Rs. 50,000 within 90 days and a renewal fee waiver for spending Rs. 1.5 Lakhs in the anniversary year.

If you use Paytm regularly in your daily life, then this credit card is the right choice for you.