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Paytm HDFC Bank Select Credit Card Review.

Paytm-HDFC-Bank-Select-Credit-Card

Paytm HDFC Bank

Paytm HDFC Bank Select Credit Card

Editor’s Rating

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Welcome Offer:

Complimentary Paytm first premium subscription.

Annual FeeJoining FeeInterest Rate(APR)Credit Score
₹1000₹10003.6 % per month and 43.2% annuallyGood

Paytm HDFC Bank Select Credit Card is a paytm cashback credit card. Which is created in collaboration of Paytm wallet and HDFC bank. this card offers a cashback on every transaction of Paytm.

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 Select Credit card

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

  • Unlimited cashback upto 5%.
  • Get benefits of worth rupees 75,000 with Paytm first premium subscription.
  • Free lounge access.
  • Get upto 4 complimentary add on cards.
  • Free airport lounge access.
  • Gift vouchers worth ₹2,000.

Key Benefits of Paytm HDFC Bank Select Credit card

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

Welcome benefits

Paytm first premium subscription. Which offers you an exclusive benefit over an existing Paytm offers and also get a exclusive benefits from partner brand of Paytm.

Airport Lounge Access

Paytm HDFC Bank Select Credit Card gives an 8 airport lounge access to their card holder as compliment. you can visit 1000+ airport lounges of India 2 visits per quarter.

Milestone Benefit

Earn gift vouchers of ₹500 on spending of ₹50,000 pe calendar quarter. You can pick your favourite brand voucher from the long range of listed brans of shopping, entertainment, food delivery, health and wellness etc.

Annual spend Benefits

First year annual membership fee waived of if you spend ₹50,000 withing a first 90 days.

Fuel Surcharge

Card holder will get 1% fuel surcharge wavier on all transaction minimum ₹400. Maximum surcharge wavier of ₹500 per statement.

Rewards and cashback offer

Reward and cashback offers of Paytm HDFC Bank Select Credit Card:

  • Get 5% cashback on all purchases at Paytm mall and app.
  • Get 2% cashback on all other Paytm spends.
  • Get 1% 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 Select Credit Card.

Annual/Renewal fee₹1000
Minimum Due5% or min ₹200
Cash advance limit40% of your credit limit
Add on card feeNil
Credit revolving charges3.6 % per month and 43.2% 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 ₹500 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 year annual membership fee of your Paytm HDFC Bank Select Credit Card then you have to spend ₹1,00,000 in a year. If you spend ₹60,000 within a 90 days to get 1st year membership fees wavier. Mark that this amount is excluded from transactions like cash on call, balance transfer and cash withdrawal.

Eligibility criteria

If you are thinking to apply for Paytm HDFC Bank Select 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 Select Credit Card

Well, Paytm HDFC Bank Select Credit Card is good cashback card if you are using paytm app for shopping, movie booking, bill payments, traveling booking, etc. so you can apply for this card otherwise don’t. because this card don’t have any other benefits rather then paytm spends.

FAQ:

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

You can easily activate your Paytm HDFC Bank Select 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 Select 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 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 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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