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Paytm HDFC Bank Select Credit Card is a co-brand card launched by HDFC Bank, in partnership with Paytm, a leading digital wallet and e-commerce company. The card gives attractive rewards on various spends and purchases on Paytm. It also provides good rewards on select partners, and lifestyle benefits such as complimentary access to domestic airport lounges in India.

Brief Summary

Our Rating
3.75 / 5

Our View :

Best for those who like to shop & spend at Paytm. You get 5% cashback on various spends at Paytm – Prepaid recharges || Utility bill payments || Movie tickets || Mini App. You also get 3% cashback on your day to day spends at select partners – Swiggy || AJIO || Big Basket || Uber. You also get complimentary access to domestic airport lounges in India – 2 times per quarter.


The annual spend target of ₹1.50 lakh to get an annual fee waiver (from 2nd year onwards) is achievable, if you use the card on the promotion categories on which you get special benefit . As a welcome offer, you get a 1st year annual fee waiver if you spend ₹50,000 or more (non-EMI card spends) within 90 days of card issuance, and you also get a complimentary Paytm First membership.

on HDFC Bank website

Paytm HDFC Bank Select Credit Card

Special Benefits

5% cashback on various Paytm spends

Other Benefits

3% cashback on select partners

Minimum Income

Not specified

Annual Fee

₹ 1000

Annual Fee Offers

Welcome offer worth ₹1000, plus complimentary Paytm First membership

Renewal fee not charged at ₹1.50 lakh annual card spend

Paytm HDFC Bank Select Credit Card : Summary Table

5% cashback on below Paytm spends
– Prepaid recharges
– Utility bill payments

– Travel
– Movie tickets
– Mini App
You earn 5 cashpoints worth ₹5, on every ₹100 you spend on Paytm transactions listed below – only on spends upto ₹30000 per month (since maximum cashback at this earning rate is restricted to ₹1500 per month) –
 Prepaid recharges
Utility bill payments : water, electricity, gas, internet & wifi, satellite TV
– Travel
Movie tickets
Mini App

1 cashpoint = ₹1. Cashpoints can be redeemed as cashback against your card statement. All cashpoints for a particular month will be seen in your card statement in the first week of the subsequent month.
3% cashback on select partners
– Swiggy

– AJIO
– Big Basket
– Uber
You earn 3 cashpoints worth ₹3, on every ₹100 you spend at these select partners – only on spends upto ₹16,666 per month (since maximum cashback at this earning rate is restricted to ₹500 per month).

1 cashpoint = ₹1. Cashpoints can be redeemed as cashback against your card statement.
1% cashback on all other spendsYou earn 1 cashpoints worth ₹1, on every ₹100 you spend on all other transactions – only on spends upto ₹1 lakh per month (since maximum cashback in this category is restricted to ₹1,000 per month)

Exceptions – Cashback is not given on wallet loads, fuel spends, EMI spends, rental spends and government spends.

1 cashpoint = ₹1. Cashpoints can be redeemed as cashback against your card statement.
Milestone Benefit : Additional benefit of upto 1%, on achieving quarterly card spend target of ₹50,000You earn ₹500 cashback upon spending  ₹50,000 or more each quarter (only for non-EMI, non-wallet and non-rental card spends).
Complimentary domestic airport lounge access – 2 per quarter You get free visits to airport lounges in India – 2 times per quarter. For list of lounges and more details, please click here
Fuel surcharge waiver, upto ₹500 per month You get 1% fuel surcharge waiver at all fuel stations–
– Only on fuel transactions between ₹400 and ₹5000, and
– Only on fuel purchases upto ₹50000 per month, since the maximum waiver is limited to ₹500 per month
₹1000 annual feeAnnual fee offers –
Welcome offer :
First year annual fee is not charged, if you spend ₹50,000 or more (non-EMI card spends) , within 90 days of card issuance.
– You also get complimentary Paytm First membership. Paytm First is a premium rewards & loyalty program for Paytm users. It offers exclusive benefits, over and above the regular offers.

Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹1.50 lakhs or more in the previous year

Pros and Cons of Paytm HDFC Bank Select Credit Card

Pros

  • Good card for Paytm users, you get good cashback on various Paytm spends
  • You also get higher cashback on select partners
  • Complimentary domestic airport lounge access – 2 per quarter

Cons

  • Not a good card for other major spending needs like shopping, travel, fuel etc. You need to consider other cards for these spending needs

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Cashback Rates 1% – 5%

1% – 5%

1.5% – 5%

2% – 5%

Other benefits Fuel Surcharge WaiverFuel Surcharge WaiverFuel Surcharge WaiverFuel Surcharge Waiver
Annual Fee ₹1,000 + Applicable Taxes

No Annual Fees

₹500

₹499

Annual Fee Offers Annual Fee Reversal on meeting ₹1,00,000 spends

Annual fee waived off on annual spends greater than ₹. 2,00,000.

Annual fee waived off on annual spends greater than ₹. 2,00,000.

Minimum Income Not Specified

Not Specified

Not Specified

Not Specified

Detailed Review of the Paytm HDFC Bank Select Credit Card

Features & Benefits of Paytm HDFC Bank Select Credit Card

5% cashback on various spends at Paytm – Prepaid recharges || Utility bill payments || Movie tickets || Mini App.

You earn 5 cashpoints worth ₹5, on every ₹100 you spend on Paytm transactions listed below-
 Prepaid recharges
Utility bill payments : water, electricity, gas, internet & wifi, satellite TV
Movie tickets
Mini App

1 cashpoint = ₹1. Cashpoints can be redeemed as cashback against your card statement. Cashpoints for a particular month shall be accrued in your card account in the first week of the subsequent month on a cumulative basis. Cashpoints are valid for 2 years.

This benefit is valid only on spends upto ₹30000 per month, since maximum cashback given at this accelerated rate is ₹1500 per month.

For more details, please click here

3% cashback at select partners – Swiggy || AJIO || Big Basket || Uber.

You earn 3 cashpoints worth ₹3, on every ₹100 you spend at these select partners-
– Swiggy
– AJIO
– Big Basket
– Uber

1 cashpoint = ₹1. Cashpoints can be redeemed as cashback against your card statement. Cashpoints for a particular month shall be accrued in your card account in the first week of the subsequent month on a cumulative basis. Cashpoints are valid for 2 years.

This benefit is valid only on spends upto ₹16,666 per month, since maximum cashback given at this accelerated rate is ₹500 per month.

1% cashback on all other spends

You earn 1 cashpoints worth ₹1, on every ₹100 you spend on all other transactions. Cashback is not given on wallet loads, fuel spends, EMI spends, rental spends and government spends.

1 cashpoint = ₹1. Cashpoints can be redeemed as cashback against your card statement. Cashpoints for a particular month shall be accrued in your card account in the first week of the subsequent month on a cumulative basis. Cashpoints are valid for 2 years.

This benefit is valid only on spends upto ₹1 lakh per month, since maximum cashback given at this accelerated rate is ₹1000 per month.

Milestone Benefit : Additional benefit of upto 1% , on achieving monthly card spend target of ₹10,000

You earn ₹500 upon spending  ₹50,000 or more each quarter (only for non-EMI, non-wallet and non-rental card spends).

Complimentary domestic airport lounge access – 2 per quarter

You get free visits to airport lounges in India – 2 times per quarter.

For list of lounges and more details, please click here

Card Fees and Charges

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹1000Welcome offer :
First year annual fee is not charged, if you spend ₹50,000 or more (non-EMI card spends) , within 90 days of card issuance.
You also get complimentary Paytm First membership*
Renewal fee from 2nd year onwards₹1000Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹1.50 lakhs or more in the previous year
*Paytm First is a premium subscription-based rewards & loyalty program for Paytm users. It offers exclusive benefits, over and above the regular offers. A Paytm First member will enjoy a wide range of exclusive benefits from leading partnered brands.

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all fees & charges on this card, please click here – Paytm HDFC Bank Select Credit Card Fees & Charges

Eligibility Criteria

Minimum age21 years
Maximum ageSalaried : 60 years
Self-employed : 65 years
Occupation Salaried or self employed
Minimum income requirementNot specified
Credit scoreNot specified, a minimum credit score of 700-750 is generally preferred

How To Apply & Track Your Application Status?

Step-by-step guide –

Online application process 
The easiest way is to click here – APPLY NOW , you will be taken to the card application page on the HDFC Bank website. You can also visit official website of the bank and fill out the application form.

Steps :
– The bank’s website and mobile app offer a user-friendly interface that makes the application process quick and easy.
– To apply, simply provide your personal details, such as your mobile phone number, income, and PAN number, along with the required documents.
– Submit the required documents
Offline (face to face)  application processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Whatsapp BankingYou can also apply for your card through HDFC Whatsapp Banking. Here are the steps to apply for an HDFC credit card through WhatsApp banking:

1. Save the Chat Banking number 7070022222 (HDFC Bank WhatsApp number) in your contacts
2. Send “Hi” 
3. Choose the desired option OR simply type your query, for example – “Apply for Credit Card”
4. Apply and wait for further instructions or updates on your card application status.
Approval timeline and tracking your application statusIn most cases, the credit card decision would be communicated maximum within 21 working days. In certain cases, it could take longer, especially if the bank wants more information and documents from you.

Click here to track the status of your HDFC Bank Credit Card application.
– You can also check the status of your application through Chat with EVA. Simply ask the chatbot to help you track your credit card applications and follow its instructions.

Necessary documents –

Required documents 
– PAN card copy
– Identity proof : PAN card , driving license, valid passport, voter ID (any one)
– Address proof : electricity bill, phone bill (not more than 2 months old), driving licence, passport, ration card, bank statement, passbook (not older than 3 months), voters ID, flat maintenance bill (not older than 2 months), rent agreement (any one)
– Income proof : latest salary slip/s, income tax return etc

You maybe required to provide additional documents, on a case-to-case basis.

Other Cardholder Benefits

Fuel surcharge waiver1% fuel surcharge waiver at all fuel stations –
– Only on fuel transactions between ₹400 and ₹5,000, and
– Only on fuel purchases upto ₹50000 per month, since the maximum waiver is limited to ₹500 per month
24/7 customer supportYour bank is always available; please click here for all the options to contact the bank.
Contactless paymentLook for the contactless network symbol on your card to determine if your credit card is contactless.

In India, contactless payments are allowed for a maximum of ₹5000 for a single transaction without requiring a credit card PIN. For transactions equal to or higher than ₹5000, the cardholder must input their credit card PIN for security reasons.
Zero lost card liability worth ₹5 lakhsIn the unfortunate event of you losing your Credit Card, please report it immediately to the 24-hour call centre. After reporting the loss, you have zero liability on any fraudulent transactions made on your Credit Card.

Conclusion

Overall, Paytm HDFC Bank Select Credit Card provides good cashback on various spends at Paytm. It also provides good cashback on your day to day expenses at select partners. However you may need to consider other cards for your other major spends like shopping, travel, fuel etc.

Apply Now

on HDFC Bank website

Frequently Asked Questions

What is the minimum income requirement for the Paytm HDFC Bank Select Credit Card?

The minimum income requirement for this card has not been explicitly specified.

Can I use this credit card for international transactions?

Yes, you can use the Paytm HDFC Bank Select Credit Card for international transactions. Please take note of any associated fees and charges that may be incurred on such transactions.

What is the credit limit on this card?

The credit limit on the Paytm HDFC Bank Select Credit Card will be determined based on factors such as your overall financial situation, income, credit utilisation, credit history etc.

What is the annual fee associated with this credit card?

The annual fee charged on the Paytm HDFC Bank Select Credit Card is ₹1000. First year annual fee is not charged, if you spend ₹50,000 or more (non-EMI card spends) , within 90 days of card issuance. You also get complimentary Paytm First membership. Annual fee from the second year onwards is waived off if you spend a minimum of ₹1.50 lakh in the previous year.

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