Our Money Guide

By: OurMoneyGuide || Last updated on: May 7, 2024

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.

HDFC Paytm Select Credit Card

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

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

Features & benefits of Paytm HDFC Bank Select Credit Card

5% cashback (upto ₹1500 per month) on select Paytm spends – prepaid charges || utility bill payments || travel || movies || mini app

You earn ₹5 cashpoints (worth ₹5 as cashback), on every ₹100 you spend in these categories. This benefit is valid on total spends upto ₹30,000 per month across these categories, since the maximum cashback at this earning rate is restricted to ₹1500 per month.

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. You can redeem a maximum of 3000 CashPoints for cashback, per month.

3% cashback (upto ₹500 per month) at select partners – Swiggy || AJIO || Big Basket || Uber

You earn ₹3 cashpoints (worth ₹3 as cashback), on every ₹100 you spend at these partners. This benefit is valid on total spends upto ₹16,660 per month across these partners, since the maximum cashback at this earning rate is restricted to ₹500 per month.

1% cashback (upto 2000 per month) on all other card spends

You earn ₹1 cashpoint (worth ₹1 as cashback), on every ₹100 you spend on all other card purchases. This benefit is valid on total spends upto ₹2 lakh per month, since the maximum cashback at this earning rate is restricted to ₹1000 per month.

Upto 1% additional benefit, at ₹50,000 quarterly card spend (milestone benefit)
Complimentary domestic airport lounge access – 2 per quarter
Fuel surcharge waiver, upto ₹500 per month

Upto 10% cashback on a variety of categories and partners – through HDFC Smartbuy platform

Applicable categories and partners
5% cashback on travel spends, through HDFC Smartbuy✓ Flight bookings
✓ Hotel bookings
✓ IRCTC train tickets
✓ Bus tickets, through RedBus
✓ MakeMyTrip holiday packages
5% cashback on gift voucher purchases, through HDFC SmartbuyGift vouchers usually include Amazon Pay, Flipkart, Amazon shopping and more.

There maybe individual limits on certain gift vouchers, and/or processing charges on certain gift vouchers, for example Amazon Pay vouchers. To see latest details, and a list of all gift vouchers available, please click here.
5% cashback at select partners, through HDFC Smartbuy✓ Myntra
✓ Jockey
✓ Apple Imagine Tresor
✓ Nykaa
✓ Zoom Car
10% cashback at select partners, through HDFC Smartbuy✓ Pharmeasy
✓ IGP.com
Please note that partners listed on HDFC Smartbuy platform could change from time to time. To see latest details of applicable partners, please click here.

Dining benefits (HDFC Swiggy Dineout Program) – 7.50% discount (upto ₹250 per order), twice a month

HDFC 24/7 customer care

Zero lost card liability

Contactless payments

Card Fees and Charges

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹1,000Welcome 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 from 2nd year onwards₹1,000Renewal fee offer : Annual fee is not charged from the 2nd year onwards if you spend ₹1.50 lakhs or more (non-EMI card spends), in the previous year

Hence the card is virtually free if you spend ₹1.50 lakh or more each year

Important Note

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

Eligibility Criteria

Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for an HDFC Credit Card, there are certain basic criteria that all applicants must fulfil. 

Minimum age21 years
Maximum ageSalaried – 60 years
Self employed – 65 years
Minimum income requirementSalaried : ₹35,000
Self-employed : ₹6 lakhs per year
Credit scoreNot specified, a minimum credit score of 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.
Tracking your application statusClick 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.