Paytm X HDFC Bank Credit Card: Everything You Should Know
Did you know that certain stores, brands, and merchants collaborate with credit card issuers and launch a range of credit cards in partnership? HDFC is a popular and largest private sector bank in India that offers great deals on credit cards. They have also brought Paytm HDFC Cards for their clients and consumers to get unlimited benefits over their purchases. Know how the Paytm HDFC Bank credit card can be fruitful in terms of cashback, rewards on movies, travel, shopping, mobile recharge, and other categories of your expenditures. Read on!
Features and Benefits of HDFC Bank Credit Card
Let us explore what the Paytm HDFC credit card has to offer its users.
Welcome Benefit
- Get Paytm First Membership. It is a premium subscription offering huge rewards and loyalty programs for Paytm users. Avail the benefit on a minimum transaction of INR 100 using the Paytm HDFC Bank credit card.
Cashback Offers
- You can avail 1% on retail expenditures.
- Get 3% cashback at Paytm for movies, utility bills, mini-apps, and recharge.
- You can get 2% cashback on selective Paytm spends.
Milestone Benefits
- Get 1% cashback on non-EMI transactions on expenditure of INR 10,000. Note that cashback is capped at INR 100 monthly; thus, you can earn INR 1200 per annum as milestone benefits.
Fuel Surcharge Waiver
- You can get a 1% wave on fuel surcharge on fuel transactions, which can range from a minimum of INR 400 to a maximum of INR 5,000.
Spend-Based Fee Waiver
- The first-year fee on a credit card can be waived on spending INR 30,000 within the initial 3 months. This is applicable for non-EMI spending only.
- You can waive the renewal fee on the expenditure of INR 50,000 within a year. It is also applicable for non-EMI transactions.
Contactless Payments
- You can get contactless payment features that enable you to do fast and convenient transactions securely at retail outlets.
- Quick transactions can be done at several merchant stores that accept contactless cards.
Dining Benefits
- You can get a 20% discount on restaurants that are in paid partnership with HDFC bank credit card.
Additional Features
- You can get up to 4 complimentary add-on cards
- You can register to have zero liability on fraudulent transactions or losing your card if you have reported within 24 hours.
- You can register your credit card with HDFC Bank’s utility bill payment services, i.e., Smartpay.
What are the fees for a Paytm HDFC Bank Credit Card?
Here are the fees list associated with the Paytm HDFC Bank credit card:
- The Monthly Fee is INR 500 with additional Goods and Services Tax. Note that fees can be waived on expenditures of over INR 50,000 per annum.
- Foreign Exchange Markup Fee is 3.5%.
- The cash advance fee is 2.5% of the transaction amount.
- Late Payment charges may vary with different ranges, i.e.,
| Range | Late Payment Charges |
| < INR 100 | Nil |
| INR 100 to INR 500 | INR 100 |
| INR 501 to INR 5,000 | INR 500 |
| INR 5,001 to INR 10,000 | INR 600 |
| INR 10,001 to INR 25,000 | INR 800 |
| INR 25,001 to INR 50,000 | INR 1.100 |
| > INR 50,000 | INR 1,300 |
Note: Delay in payments can lower your CIBIL score. Do a free CIBIL score check using the CIBIL score app regularly to keep track.
Eligibility Criteria for Paytm HDFC Bank Credit Card
Here are the eligibility criteria that you must know before applying for a Paytm X HDFC Bank credit card.
- Age: Credit card holder must be a minimum of 18 years of age at the time of credit card application
- Occupation: Credit card holders must be salaried or self-employed at the time of application.
- Citizenship: Credit card holders must be residing or non-residing citizens of India.
Documents Required for Paytm HDFC Bank Credit Card
The enlisted documents must be submitted with the credit card application:
- Proof of Identity: PAN Card, Driver’s license, Aadhaar card, Voter ID card, Overseas Citizen of India card, and others
- Proof of Income: Salary slip of prior two months, Form-16, Bank statement for last three months
- Proof of Address: Aadhaar card, Passport, Utility bills, Driver’s license, Bank account statements, Voter ID card, and others
Wrapping Up!
If you are planning to apply for a Paytm X HDFC Bank credit card, you must submit the appropriate documents with the applications. In addition, always do a free CIBIL score check using the CIBIL score app to evaluate if you are eligible for the credit card. Submitting the wrong details or having a low CIBIL score might become the reason for the rejection of your credit card approval. Paytm X HDFC credit card can be the best companion for your expenditures if you know how to handle your finances responsibly. Otherwise, you might get stuck in higher debts. Therefore, you must always read the terms and conditions while applying for a credit card to avoid future troubles.
