What Is Paytm HDFC Bank Credit Card?
Introduction
The Paytm HDFC Bank Credit Card is a co-branded credit card which was issued by the HDFC Bank in partnership with Paytm. HDFC Bank offers two types of co-branded credit cards in partnership with Paytm, the one is Paytm HDFC Bank Credit Card and the other one is Paytm HDFC Bank Card Select. The Paytm HDFC Bank Card Select is one of the premium or superior versions of the Paytm HDFC Bank Credit Card.
Benefits Of Paytm HDFC Credit Card
The Paytm HDFC Bank Credit Card is one of the co-branded credit issued by the HDFC Bank in partnership with Paytm. The credit cards offer several cashback and other benefits for its customers as welcome benefits, Milestone Benefits, Spend-Based Waiver, Fuel Surcharge waiver and many additional benefits through the Paytm app.
Welcome Benefits
It offers complimentary Paytm first membership as a welcome benefit for customers on making their first transaction using a credit card worth Rs 100 or more. The customer can get benefits worth 75000 Paytm first membership.
Milestone Benefits
- The Customer can get 1% cashback on spending Rs 10,000 using this card in a month.
- The customer can earn cashback Rs100 monthly if he/she spends Rs 10,000 monthly which means he/she can earn cashback Rs 1200 Annually.
Fuel Surcharge Waiver
- The card offers 1% fuel surcharge when the customers fill fuel in all fuel stations using Paytm HDFC Credit Card. The fuel Surcharge waived when the customer transaction worth Rs 400 or more in all fuel stations using this Credit Card.
- The maximum fuel surcharge waived is capped at Rs 250 per previous billing month.
Spend Base Waiver
The card waives off its monthly fee of Rs 49 + GST if the customer can spend Rs 5000 or more in the billing month.
Paytm HDFC Bank Credit Card Cashback
With Paytm HDFC Bank Credit Card a customer earns cashback of 3% on Paytm travel and movies and cashback of 2% on all Paytm app spends. The customer avail cashback of 1% on other spends outside of the Paytm app.
Note: This Card doesn’t provide any cashback on fuel purchases, wallet load and EMI transactions.
Paytm HDFC Bank Credit Card Charges & Fees
Paytm HDFC Bank Credit Card issues some charges & fee on transactions, but the customer/you can avoid it if you pay the full outstanding/due amount before the interest free period of 50 days.
Some of the charges and fees of Paytm HDFC Credit Card are pointed below.
➢This card doesn’t come with an annual fee, but it charges a monthly membership fee of Rs 49 + GST per month which can be waived off by transaction of Rs 5000 more using this card.
➢The 3.0% interest rate per month charge after the 50 days of interest free period.
➢It issues cash advance charges on this credit card that are 2.5% of the withdrawn amount to a maximum of Rs 5000 using this card.
➢3.5% of the transaction amount charged as the foreign currency markup fee.
Who Can Eligible For Paytm HDFC Bank Credit Card
Some of the eligibility criteria for apply Paytm HDFC Bank Credit are pointed as follows:
➥The minimum age required to apply for this card is 21 years.
➥The application must have a stable income source, either the applicant self employee or salaried.
➥The applicant must be an Indian citizen with Indian Government ID.
➥The application should have a good credit score.
Document Required for apply Paytm HDFC Bank Credit Card
Some of the most important document required to apply Paytm HDFC Bank Credit Card are pointed below:
- Identity Proof: Voter ID, Aadhar Card, PAN card, passport, Driving licence etc.
- Address Proof: Aadhar Card, Electric Bill, Passport etc.
- Income Proof: Latest Bank Statements or Salary Slip for Salaried Individuals and latest ITR for self employed persons.
How to apply for Paytm HDFC Bank Credit Card Online?
The applicant can apply both online & offline methods. If the applicant wants to apply offline then he/she can visit the nearest HDFC Bank branch with all required documents mentioned above and fill the form and submit it there.
As per the demand new applicants can apply online through the HDFC Banks official website, Paytm app & website.
Apply Paytm HDFC Bank Credit Card through HDFC Bank’s Official Website
➢Visit the HDFC Bank’s Official Website.
➢Click on “Credit Cards” under the section of “Borrow”
➢You will be redirected to all categories of hdfc credit cards.
➢You can find the Paytm HDFC Bank Credit Card and click on “Apply Now”.
➢Fill in all the required details and information and proceed.
Apply Paytm HDFC Bank Credit Card through the Paytm Application
➢Visit the Paytm app & its official website.
➢Login to your Paytm account with user ID and password.
➢Go to the Loan & Credit Cards Section.
➢Click on the Credit Card option.
➢Then click on “Apply Button”.
➢Fill all the required details information about yourself like; ID proof, Address proof, Income proof etc.
➢Then click on the “proceed” button.
Conclusion
The Paytm HDFC Bank Credit Card is a co-branded credit card that offers users with attractive cashback and reward programs, flexibility to choose their preferred reward category, and access to Paytm’s merchant network. It is a great option for digital-savvy consumers who frequently use mobile wallets and prefer cashback and rewards on their transactions.
