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Paytm HDFC Bank Mobile Credit Card Review

Paytm-HDFC-Bank-Mobile-Credit-Card

Paytm HDFC Bank

Paytm HDFC Bank Mobile Credit Card

Editor’s Rating

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Welcome Offer:

NIL

Annual FeeJoining FeeInterest Rate(APR)Credit Score
₹29 Per MonthNil3.75% per month and 45% annuallyGood

Paytm HDFC Bank Mobile Credit Card is a mobile cashback credit card. Which is a virtual credit card, and you can use it for virtual transactions from your mobile.

So, let check out some important details of this card like, features and benefits, fees and charges, rewards and cashback offer, interest rate, insurance and security etc. before reviewing it.

Key features of Paytm HDFC Bank Mobile Credit Card

Here is the list of key features of Paytm HDFC Bank Mobile Credit Card.

  • Unlimited cashback upto 2%.
  • 50 days interest free credit.
  • Zero cost liability on any fraudulent transactions made on your card after reporting to lose your card at customer care of hdfc bank.

Key Benefits of Paytm HDFC Bank Mobile Credit Card

Here is the List of key benefits of Paytm HDFC Bank Mobile Credit Card.

Milestone Benefit

You can unlock the benefits of Paytm HDFC bank credit card by spending ₹10,000 in 3 consecutive months without EMI spends. For details about paytm hdfc credit card visit to our link.

Annual spend Benefits

Monthly fee waived off on retail spends of ₹2,500 in a month without EMI transactions.

Rewards and cashback offer

Rewards and cashback offer of Paytm HDFC Bank Mobile Credit Card:

  • Get 2% cashback on all purchases at Paytm mall and app.
  • Get 1% cashback on all other Paytm spends.
  • Get 0.5% cashback on other retails spends.

Cashback not applicable on wallet load, fuel spends, and EMI spends. Cashback will be given as Paytm gift voucher.

Fees, interest rate and Hidden charges

list of fees and hidden charges which is apply on your Paytm HDFC Bank Mobile Credit Card.

Monthly fee₹29
Minimum Due5% or min ₹200
Cash advance limit40% of your credit limit
Add on card feeNil
Credit revolving charges3.75% per month and 45% annually
Auto EMI conversion charges20% ROI and ₹99 processing fee
Grace day3 days from the payment due date
Cash advance charges2.5% of amount or ₹500 whichever is higher
Late payment charges₹100 to ₹1300 according to your statement amount
Overlimit amount charges2.5% of amount or minimum ₹550
Payment returns charges2% of amount or min ₹450
ATM or cash withdrawal fees₹100
Reward redemption fee₹99 per redemption request
Balance transfer processing charge1% of amount or ₹250 whichever is high
Loan processing fee₹799 – ₹999
Loan preclosure charges3% of balance principal outstanding
Fuel surcharge1% wavier on min ₹400 transaction upto ₹250 per billing cycle.
Reissue of lost, stolen or damage card₹100
Forex transaction charges (Foreign Currency Markup)3.5%

Spend condition for waiver of annual charges

if you wish to waiver of next monthly membership fee of your Paytm HDFC Bank Mobile Credit Card then you have to spend ₹2,500 in a year.

Eligibility criteria

If you are thinking to apply for Paytm HDFC Bank Mobile Credit Card then you must have to fulfil these criteria:

  • minimum age of 21 to 60 years.
  • You are an Indian citizen.
  • You are registered Paytm app and bank user with Full KYC.

Reviews of Paytm HDFC Bank Mobile Credit Card

Well, Paytm HDFC Bank Mobile Credit Card is a virtual mobile credit card. This card had a few benefits for Paytm users. So, if you are thinking to apply for this card I think you should avoid it or find a better option.

FAQ:

you can directly apply for Paytm HDFC Bank Mobile Credit Card by visiting to official website of Paytm or from Paytm app.

You can easily activate your Paytm HDFC Bank Mobile Credit Card by visiting to neatest HDFC bank ATM. Generate your credit card pin by entering OTP which you got on your registered mobile number and your card will be activated.

Other method of activating your card Is by login into internet banking of HDFC bank and generate your password online.

you can easily pay your Paytm HDFC Bank Mobile Credit Card bill via following options.

  • Mobile banking app
  • Net banking
  • ATM fund transfer
  • Cash
  • Cheque
  • Auto-pay
  • From a non-HDFC bank account
  • Other credit card payment app like Paytm, cred, PhonePe etc.

Late payment charges of Paytm HDFC Bank Mobile Credit Card are various according to your statement amount. Let’s have look on it.

Amount Charges
Less than ₹100 Nil
₹100 to ₹500 ₹100
₹501 to ₹5,000 ₹500
₹5,001 to ₹10,000 ₹600
₹10,001 to ₹25,000 ₹800
₹25,001 to ₹50,000 ₹1100
More than ₹50,000 ₹1300

 

loan processing charges of Paytm HDFC Bank Mobile Credit Card are various according to your loan type. Let’s see

Loan Type Processing fee
Insta loan ₹999 + GST
Jumbo loan ₹999 + GST
Smart EMI ₹799 + GST
Balance transfer on EMI 1% of loan amount + GST (Minimum ₹250)

 

 

Disclaimer: we always intend to provide you all updated details. But there is a possibility changes in data, rates, charges and fees by bank and issuer company. So kindly refer all the latest data by visiting official website of issuer before applying. We are not responsible for any legal or financial implication in any case.

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