Paytm HDFC Bank Select Credit Card- A Co-branded Card with Cashback Benefits

Welcome Benefit: HDFC Paytm Select Credit Card offers Paytm First Membership, a premium subscription based reward & loyalty program for Paytm users, as a welcome benefit. This benefit can be availed on minimum one transaction of Rs. 100.

Cashback: With this credit card, you can get the following cashback benefits:

• 5% cashback on all purchases at Paytm including Malls, Movies, and mini app
• 2% cashback on all Paytm spends
• 1% cashback on retail spends

Note that the cashback earned on Paytm is not applicable to wallet reloads, fuel transactions and EMI spends. Also, the cashback earned is given in the form of Paytm vouchers.

Suggested Read: Best Cashback Credit Cards in India in 2022

Milestone Benefits: On spending Rs. 50,000 in a calendar quarter on non-EMI spends, you earn a gift voucher worth Rs. 500. You get an option to select your choice of gift voucher from categories such as Health & Wellness, Entertainment, Shopping, Food Delivery, etc.

Fee Waivers: You get the following waiver benefits on HDFC Bank Paytm Select Credit Card:

• First year, annual membership fee waiver, on spending Rs. 50,000 on non-EMI spends in the first 90 days
  
• Renewal fee waiver on spending Rs. 1,50,000 in twelve months

Airport Lounge Access: This credit card allows 8 complimentary access to airport lounges across the country, subject to 2 airport visits in a quarter. Please note, for the lounge access you will be charged a transaction fee of Rs. 2.

Other Benefits: Some other benefits of this HDFC Bank Credit Card are:

• On this card, you can avail up to 50 days of interest free credit period
• In order to extend the benefits to your family members, you can avail up to 4 complimentary add-on cards
• If you lose your card you have zero liability on any fraudulent transactions made on the card, since the card comes with zero lost card liability
• 1% fuel surcharge waiver on fuel transactions, capped at a minimum transaction of Rs. 400 and maximum cashback of Rs. 500 per statement cycle
• This credit card enables contactless payments at various retail outlets
• You can also avail no cost and low cost EMIs on your Paytm HDFC Bank Select Credit Card

Fee type	Details
Annual Fee	Rs. 1,000 (waived off on spending Rs. 1.5 lakh in twelve months)
Cash Advance fee	2.5% of the transaction amount or Rs. 500, whichever is higher
Foreign Exchange Markup Fee	3.5%
Late Payment Charges	On outstanding balance of – Up to Rs. 100: Nil Rs. 101 to Rs. 500: Rs. 100 Rs. 501 to Rs. 1,000: Rs. 500 Rs. 1,001 to Rs. 5,000: Rs. 600 Rs. 5,001 to Rs. 10,000: Rs. 750 Rs. 10,001 to Rs. 25,000: Rs. 900 Rs. 25,001 to Rs. 50,000: Rs. 1,100 More than Rs. 50,000: Rs. 1,300

Click here to check other associated terms and conditions related to this credit card.

Criteria	Details
Age	Minimum 18 years
Occupation	Salaried or Self employed
Serviceable Cities	Click here for the list of eligible cities
Documents Required	Click here for the list of documents required

HDFC Bank Paytm Select Credit Card is a mid-level co-branded credit card that comes at an annual fee of Rs. 1,000. The card is a better option in comparison to other Paytm co-branded cards with HDFC, be it HDFC Paytm Credit Card or HDFC Paytm Mobile Credit Card. In comparison to the other two, this card offers better cashback value, milestone benefits and additional benefit of airport lounge access. However, some features of this card are similar to the other variants such as credit free period, welcome benefit, add-on card limits and lost card liability.

Therefore, if you are exclusively looking for a credit card with high benefits across Paytm transactions, you can consider this card, provided you can afford to pay the associated annual fee. However, note that at an annual fee of Rs. 1,000 you can look out for various cards that offer all rounder benefits with better rewards and cashback. You can check some of the similar credit cards below.

Suggested Read: Top Credit Cards with Annual Fee up to Rs. 1,000

Credit Card	Annual Fee	Comparative Feature
Axis Bank Ace Credit Card	Rs. 499	Unlimited 5% cashback on bill payments, DTH, and mobile recharges via Google Pay
HSBC Cashback Credit Card	Rs. 750	1.5% cashback on online spends, and 1% cashback across all other spends
HDFC Bank Millennia Credit Card	Rs. 1.000	5% cashback on Amazon and Flipkart
Paytm SBI Select Credit Card	Rs. 1,499	Up to 5% cashback on Paytm transactions

How do I avail the milestone benefit on this credit card?
Paytm HDFC Bank Select Credit Card offers the milestone benefit upon spending Rs. 50,000 in a calendar quarter. On achieving this milestone, you get a gift voucher worth Rs. 500. When you are eligible for this benefit, you will be informed of the same by the bank.

What is the condition for availing Paytm First Membership with this card?
You can avail the Paytm First Membership when you have done atleast one transaction with your HDFC Bank Paytm Select Card, for a minimum transaction amount of Rs. 100. Please note that this benefit is activated in 15 days of fulfilling the above conditions.

In case, you already have an active Paytm First Membership, you get a complimentary 100% discount voucher which will be shared via SMS/ email within 15 days upon one transaction for minimum Rs. 100, within a year of credit card issuance.

How do I get the credit card statement for this card?
You will receive your Paytm HDFC Bank Select Credit Card statement via email to your registered email address. Apart from that, you can view your statement and download it by logging into your HDFC Bank Netbanking account.