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Paytm HDFC Bank Corporate Cards

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Paytm offers corporate credit cards with HDFC Bank in three variants- Paytm HDFC Purchase Card, Paytm HDFC Corporate Card and Paytm HDFC Select Corporate Card. These are designed to suit the varying needs of businesses and aim to offer cost efficiency as well as convenience to the organizations. Read on to know the common benefits of these corporate cards along with their individual features.

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Updated: 23-08-2024 07:44:08 AM

Note: These cards are not available on Paisabazaar.com. The content on this page is for information only. To express interest in these cards, please visit HDFC Bank’s website.

Types of Paytm HDFC Bank Corporate Cards

Credit Card Issued to Best for
Paytm HDFC Bank Purchase Card Central Teams including Admin, IT, Purchase and Marketing Business expenses like vendor payment, utilities, marketing spends, etc.
Paytm HDFC Corporate Card Corporate Employees: Frequent Travellers, Mid & Senior Management Flight and hotel booking, cabs, meals, fuel and team outings
Paytm HDFC Select Corporate Card Top management- CEO, CXOs and Directors Flight and hotel booking, cabs, meals, fuel and team outings

Suggested read: Top HDFC Bank Credit Cards | Check Eligibility for Top Cards

Paytm HDFC Bank Purchase Card
Paytm HDFC Corporate Card
Paytm HDFC Select Corporate Card
Paytm HDFC Bank Purchase Card

Paytm HDFC Bank Purchase Card

Annual Fee: Nil

Issued to: Central Teams including Admin, IT, Purchase and Marketing

Best For: Business expenses like vendor payment, utilities, marketing spends, etc.

Benefits on Paytm:

  • Flat Rs. 500 instant discount on domestic flight booking on a minimum transaction value of Rs. 4,000
  • Flat Rs. 1,000 off on international flight booking on a minimum transaction value of Rs. 15,000
  • Flat Rs. 100 instant discount on buses on a minimum transaction value of Rs. 600

Other Features:

  • Self-service portal for program management
  • Access to reporting tool for effective spend management
  • Integration with ERPs and Expense Management Solutions
  • Dedicated relationship manager
  • Ability to customize transaction restriction at merchant level or as per MCC
Paytm HDFC Corporate Card

Paytm HDFC Corporate Card

Annual Fee: Nil

Issued to: Corporate Employees: Frequent Travellers, Mid & Senior Management

Best For: Hotel & Flight Booking, Cabs, Meals, Fuel & Team Outings

Benefits on Paytm:

  • Flat Rs. 750 instant discount on domestic flights on a minimum transaction value of Rs. 5,000
  • Flat Rs. 1,500 instant discount on international flights on a minimum transaction value of Rs. 15,000
  • Flat Rs. 150 instant discount on buses on a minimum transaction value of Rs. 700

Other Features:

  • 2 complimentary domestic lounge visits per quarter
  • 1% fuel surcharge waiver, up to Rs. 500 per statement cycle
  • Interest-free credit period of up to 50 days
  • Accidental death insurance, emergency medical insurance, flight delay, baggage-loss cover, etc.
  • Reporting tool for spend management
  • Integration with advanced ERP and expense management solutions
  • Self-service portal for program management
  • Ability to customize transaction restriction at merchant level or as per MCC
Paytm HDFC Select Corporate Card

Paytm HDFC Select Corporate Card

Annual Fee: Nil

Issued to: Corporate Employees: Top Management, including CEOs, CXOs & Directors

Best For: Hotel & Flight Booking, Cabs, Meals, Fuel & Team Outings

Benefits on Paytm:

  • Flat Rs. 1,000 instant discount on domestic flights on a minimum transaction value of Rs. 6,000
  • Flat Rs. 2,000 instant discount on international flights on a minimum transaction value of Rs. 15,000
  • Flat Rs. 200 instant discount on buses on a minimum transaction value of Rs. 1,000

Other Features:

  • 12 complimentary domestic lounge visits per year (Max. 3 per quarter)
  • 1% fuel surcharge waiver, up to Rs. 500 per statement cycle
  • Interest-free credit period of up to 50 days
  • Accidental death insurance, emergency medical insurance, flight delay, baggage-loss cover, etc.
  • Reporting tool for spend management
  • Integration with advanced ERP and expense management solutions
  • Self-service portal for program management
  • Ability to customize transaction restriction at merchant level or as per MCC

How Paytm HDFC Bank Corporate Cards benefit companies?

With Paytm HDFC Bank Corporate Credit Cards, organizations can avail the following benefits:

Easy access to credit: Organizations need additional purchasing power and more credit availability to make vendor bill payments, utility bill payments, marketing spends, etc. With Paytm HDFC Bank Corporate Cards, you get up to 50 days of interest free credit to cover these costs and more, as and when required.

Effective Tracking of Expenses: Paytm HDFC Bank Corporate Cards give access to certain tools that would help in the management and reconciliation of multiple expenses. Organizations will also have the option to restrict and control certain spend categories, thus ensuring more effective spend management.

Benefits on Paytm: Each of these corporate cards offers benefits when making certain expenses on Paytm. These benefits come in the form of discount on domestic and international flight bookings, and also on booking bus tickets.

Benefits to Employees: Corporate employees using these cards can also avail benefits like complimentary airport lounge access, travel discount, etc. along with promotional offers that would be available on Paytm or other bank or other collaborated brands, from time to time.

Improved Productivity: By putting recurring payments on these corporate cards, organizations will find it easier to streamline tasks and improve productivity. Payments to tools like JIRA, AWS, Slack, etc. can be made easily through the card. Similarly, it will not be a hassle to renew subscriptions and licenses as you can set standing instructions on the card for these expenses.

Improved Security and Fraud Protection: Paytm HDFC Bank Corporate Cards come with corporate liability waiver insurance and fraud protection systems which ensure protection from unauthorized or fraudulent usage.

FAQs

Q. Who can apply for Paytm HDFC Bank Corporate Credit Cards?

A. The companies or organizations registered as Private Limited or Partnership or LLP with more than 3 years of existence & a turnover of more than Rs. 10 crore, can apply for any of the HDFC Corporate Cards. However, companies with monthly taxable income of more than Rs. 3 lakh can also apply for purchase credit cards.

Q. What are the documents required to apply for these credit cards?

A. To apply for any of these credit cards, you can contact HDFC Relationship Manager, who will visit your office to complete the formalities. The documents required for sanctioning credit limit to corporate include an application form, MOA/AOA, financial documents & KYC. Once the limit is sanctioned, the documents will be collected & cards will be issued upon approval.

Q. What is the interest rate/finance charges on these corporate cards?

A. HDFC Bank does not charge any interest or fee on these cards if the payment is made on or before the due date. However, if you fail to do so, an interest rate of 2.95% p.m. (35.4% p.a.) will be applied on the Purchase Cards & Select Corporate Cards. However, Corporate Credit Card comes with an interest rate of 3.49% p.m. (41.88% p.a.).

Q. Can a corporate restrict usage of these cards with certain merchants? How can this be done?

A. Yes, corporate can restrict the usage of these cards through Merchant Category Code (MCC) wise restriction on Purchase & Corporate Credit Cards. However, the corporate needs to select the relevant MCC group/promo id while applying for the same.

Q. How many of these cards can one organization own?

A. There are no restrictions on the number of credit cards an organization can own. So, any number of Purchase or Corporate Credit Cards can be issued to a company as per their requirements.

Q. How to pay the dues of Paytm HDFC Bank Corporate Cards?

A. The payment of Paytm HDFC Corporate Cards can be made via cheque, auto debit or online modes such as NEFT and RTGS. However, the corporate need to make the full payment on or before the due date, or else an interest charge would be applicable on the outstanding amount.

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