Paytm HDFC Credit Card Review

The paytm hdfc credit card is a co-branded credit card, issued by a partnership between HDFC bank and Paytm. This card targets the Indian millennials, businessmen, and those who want to earn rewards and cash-backs. It is not just a card that looks very classic. It comes with a perfect punch, offering huge cash backs, exclusive waivers on fuel surcharges, insurance coverage protection, and lots more. HDFC said in the launching event that the card is specifically tailored to sync with the requirements of retail customers. This card works on the Visa platform and charges a monthly membership fee of Rs. 49. More about the hdfc credit card benefits and charges are discussed below.

Paytm HDFC Bank Credit Card Eligibility Criteria:

Though HDFC had not clearly mentioned the complete paytm credit card eligibility criteria. But as per our experience, we can say that it should be like this.

  • Resident Type: Indian
  • For salaried person:
    • Age: 21 to 60 years.
    • Income: The average monthly of the applicant should be greater than Rs. 35,000 per month.
  • For self-employed person:
    • Age: 21 to 65 years.
    • Income: The average income of the applicant should be greater than Rs. 4 lakh per year.
  • An excellent credit score (770 or above) is required to get approved for this hdfc cashback card.

You can apply for this card from the online hdfc bank credit card application portal. Once your application is submitted successfully, you can track the status of your application from the hdfc credit card application status tracking page. 

Documents Required To Apply For Paytm Credit Card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

Paytm HDFC Credit Card Fees:

  • This card charges a monthly subscription fee of Rs. 49 + GST(for spending Rs. 5000 or more it will be waived off). 

Paytm HDFC Bank Credit Card Benefits:

  • An attractive welcome bonus to make a wonderful start for you:

With the very first transaction made with this card (min Rs. 100), you will get a complementary paytm first membership as a welcome gift. The paytm first membership benefits include – exclusive deals on dining and movies, healthcare, travel, etc.

  • Make your every transaction rewarding with a very powerful paytm hdfc credit card cashback program:

The paytm hdfc credit card comes with a very strong cashback program, the details are discussed in the table below.

Category of transaction Rate of earning cashback
Transactions made on Paytm mall, Paytm movies, and the Paytm mini app 3% cashback
All other transactions made on Paytm 2% cashback
Every retail transaction made using this card* 1% cashback 

*You will not get any cashback for wallet top-up, fuel purchase, and EMI conversion. You will get the cashback amount in the form of paytm vouchers. Your earned cashback amount will be reflected on your monthly hdfc credit card statements.

As per the new credit card rules, hdfc credit card online transactions are turned off temporarily, and you can turn it on very easily from your net banking account. If you want to know how to activate hdfc credit card for online transactions? then feel free to take a look at the 100xGain FAQ page to get detailed solutions.

  • Enjoy freedom from fuel surcharges:

If you use this card to purchase fuel, you will get a 1% waiver on fuel surcharges. This paytm hdfc credit card offer is applicable on maximum transactions of Rs. 400 and you can earn a maximum of Rs. 250 waiver in a hdfc credit card statement cycle.

  • Earn extra benefits on milestone spending:

If you can continue to spend Rs. 10,000 or more per month for a year, you will get a 1% cashback on your total annual transaction (max Rs. 100 per month). That means you can make up to Rs. 1200 cashback in a year. You can check the usage of your card from the hdfc bank credit card netbanking account.

  • Make your card free for a lifetime:

On spending Rs. 5,000 in a month (excluding EMI transaction) you will get a complete waiver on your next month’s subscription fee. So, if you want to turn your card into a lifetime free hdfc credit card, then you just have to continue spending Rs. 5000 per month.

  • Pay your utility bills more conveniently with HDFC SmartPay:

If you register for the hdfc credit card smart pay option, then all your utility bills will be paid automatically within their due dates. You can control the hdfc bank smart pay option from the HDFC card mobile app.

  • Buy everything on EMI:

Using the hdfc credit card easy emi feature, you can split your high-value transactions into small monthly installments with a very low or zero interest rate (depending on the current paytm hdfc credit card offers )

You can calculate the applicable hdfc credit card smart emi interest rate and the monthly installments from the HDFC credit card EMI calculator.

  • Zero liability on lost or stolen cards:

If your card ever gets lost or stolen, you just have to report the loss by calling the 24×7 active hdfc credit card customer care toll-free number, and you will not be liable for anything bad that may happen to your card. You can also temporarily block your hdfc credit card account from your hdfc bank credit card app.

  • Different HDFC credit card bill payment options:

You can make your hdfc credit card bill payment through paytm or by using any credit card payment app like Cred, Google Pay, etc. You can also make your paytm hdfc credit card payment via NEFT or Cheque or from your nearby HDFC branch

  • Enjoy the convenience of the advanced hdfc bank credit payment facility:

This hdfc cashback credit card is equipped with an advanced contactless payment facility, this feature allows you to make payments by placing your card over any POS machine that accepts contactless payments. You can control the contactless payment option from your hdfc card net banking account.

Paytm HDFC Credit Card Charges:

Particulars Payable amount
HDFC bank credit card cash withdrawal charges 2.5% against the transaction amount, mon Rs. 500 (Applicable once per withdrawal, also check your HDFC credit card cash withdrawal limit before making a withdrawal)
HDFC credit card finance charges The HDFC credit card interest rate can go up to 3.6% monthly or 43.2% annually (applicable if the outstandings are not cleared within your HDFC credit card due date )
Paytm credit card charges on currency conversion 3.5% against the transaction amount (Applicable once per transaction)
HDFC add on credit card fee None (for up to 4 cards)

How To Contact The Customer Care of HDFC Bank Credit Card?

  • Call the HDFC credit card customer care contact number: 1800-266-4332 (Toll-free) or 022-6160-6161

If you want to file a dispute against a transaction, then feel free to visit our faq page, the hdfc credit card settlement process is discussed there.

100xGain Ratings: 


Pros and Cons Paytm HDFC Credit Card:

Pros  Cons
  • This Paytm bank card is very good at offering cashback
  • You can also earn a good amount of cashback on your total annual transaction
  • It comes with liability coverage protection
  • This Paytm card charges a monthly subscription fee, which can be annoying for some users
  • There is nothing offered in the dining and entertainment categories.

Final Opinion: 

If you want to earn cash backs from your everyday expenses, then the Paytm HDFC credit card will be a good option for you. With cashback on every transaction, discounts on fuel surcharges, and the annual fee waiver option, this card can be the best friend of your wallet. 

But, if the monthly subscription fee is bothering you, then don’t worry, there are plenty of credit card options available on our top 10 credit card pages, go there and find out the card that suits your needs.  

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