Paytm HDFC Bank Credit Card: Features, Benefits, And How To Apply For The Card

Credit cards have changed so much since then, and in today’s digital-first age, they’re so much more than a form of payment. Convenience credit cards are a whole extra thing now, something that has been simplified to suit all needs. Paytm HDFC Bank Credit Card is one such popular card in the market. This card is created for people who use Paytm frequently and would like to get into the world of offers rewards along with the privilege that comes with a regular credit card.

Best For: Paytm users seeking to maximise benefits on their spends through cashback, reward points, and special offers on a range of categories

Features and Benefits of the Paytm HDFC Bank Credit Card

From complimentary Paytm wallet benefits to lucrative cash back offers on bill payments & recharges, as well as utility bill payment service this card has it all for the contemporary consumer.

In this blog, we take an in-depth look into the Paytm HDFC Bank Credit Card, detailing its key features, benefits, charges, eligibility and whether it is better than other cards in the market. So without further ado, lets break down what makes this card so special and advantageous.

Paytm HDFC Bank Credit Card Features

Here are the key features and highlights of the newly launched Passbook feature in Paytm First Credit Card:

FEATURES DESCRIPTION – AN INTRODUCTION

Joining Fee and Renewal Fee

• Joining Fee: ₹500 + GST

• Renewal Fee: ₹500 + GST (waived off on spends of ₹1,00,000 in the previous year)

The annual and renewal membership charges for this card too reasonable enough to fit to a wider segment of users. For those of you who use your credit card for most of your daily purchases, you’ll likely spend enough to waive the annual fee with those spend requirements.

Cashback on Paytm Wallet

• 5% Cashback on all wallets loads on Paytm.

• 1% Cashback on all other spends (excluding spends on Paytm platform).

Paytm Wallet is one of the most widely used digital payment systems in India, and the card allows you to load your wallet and even earn cashback. This is especially good for those who actively make use of the Paytm wallet.

Reward Points for Spending

• 10X Reward Points on every Paytm transaction, including mobile recharges, bill payments etc.

• 2X Reward Points on all other spends online and offline.

• 1 Reward Point = ₹0.25 on redemption against Paytm wallet cash back or Paytm Mall Cash.

The card provides an excellent reward points system, especially with Paytm transactions. This enable users to earn and collect these points fast and redeem them for offers on a wide variety of services or products from Paytm or their partner brands.

Fuel Surcharge Waiver

• 1% Fuel Surcharge Waiver through all fuel transactions.

• The maximum waiver can be ₹100 every statement cycle that could be useful for users having regular fuel expenses.

No Cost EMI on Paytm Wallet Payments

One of the important points to note in the Paytm HDFC Bank credit card is that there are no hidden charges for transactions on Paytm app and if you are someone who frequently transacts on Paytm, this can be a significant advantage.

Advantages of the Paytm HDFC Credit Card

Exclusive Paytm Offers

Being a card made exclusively for Paytm users, there is a plethora of personalized offers suited for the Paytm environment. These offers include:

• 5% cashback on every Paytm wallet recharge

• Bill Payment Cashback: Cred credit card will offer the cash back for paying mobile, DTH, electricity, etc., bills through Paytm. This makes it particularly suited for customers who use Paytm for their daily transactions.

• Discounts on Paytm Mall: Customers also receive generous discounts on purchasing through Paytm Mall.

Earning Reward Points

In addition to the cashbacks, cardmembers can earn reward points for all their spends. Cardmembers can earn:

• 10X Reward Points on Paytm spends

• 2X Reward Points on other transactions

Points can be used to purchase a variety of redemption options – from Paytm gift vouchers and Paytm wallet credits, to instant discount on Paytm services. Such reward points can be earned over time, and can be valuable.

Travel and Dining Privileges

Although the card is more or less rooted in digital payments, it comes with a few basic travel and dining perks that make the user experience more enjoyable. These include:

• Lounge Access: Enjoy access to airport lounges as well as benefits that help make your travel more comfortable.

• Dining Offers: Receive dining discounts at selected partner restaurants. The offers might not be quite as generous as those seen with high-end premium cards, but they still enhance the value proposition of the card overall.

Safety and Security

The Paytm HDFC Bank Credit Card has strong safety features to secure your transactions:

• EMI Option: The card gives you the option to turn your big purchases into small EMIs.

• Fraudulent Transaction Protection: The HDFC Bank online payment gateway ensures that the card is protected; so users can make transactions without worrying about security.

• Lost Card Liability: You are safe in case your card is lost / stolen, you can call us and get your card blocked to prevent misuse. The bank provides protections against fraudulent charges in those instances.

Paytm HDFC Bank Credit Card Eligibility

To get a Paytm HDFC Bank Credit Card, you need to fulfil the eligibility criteria:

• Age: Candidates must be in the age of 21 – 60 years.

• Income: Applicants must have at least ₹25,000 of monthly income (may differ based on area).

• Credit Score: You’ll need an excellent credit score (above 750 typically) to get approved for the card.

• Job: Salaried individuals or self-employed can both apply for the card.

Here’s How the Paytm HDFC Bank Credit Card Stands Out

The Paytm HDFC Bank Credit Card, for Paytm users, has different set of advantages, keeping in mind the kinds of transactions that people will use it for. It provides the highest cashback rates on Paytm transactions, as well as good reward points and low annual fee. It makes sense for the one who frequently use Paytm for mobile recharge, bill payment and online shopping.

This is not like any other credit card. This card is niche specific in providing a cashback reward for digital purchases, they are really here for the future of where transactions will take us. If you are an avid Paytm user, you won’t have to put in additional efforts to earn rewards on this credit card.

Comparison with Other Credit Cards

Among the available credit cards, Paytm HDFC Bank Credit Card has an edge for regular Paytm users. For example, cards such as the HDFC MoneyBack Credit Card or SBI SimplySAVE Credit Card earn general rewards across multiple categories but do not have Paytm-specific benefits and cashback outcomes.

Not to mention if anyone is looking for rewards on mobile recharges and bill payment, then Paytm HDFC Bank Credit Card offers best-in-class cashback rates. Especially if you use Paytm in your everyday life.

Bottomline on Paytm HDFC Bank Credit Card

The Paytm HDFC Bank Credit Card is good for those who've their life invested in the Paytm ecosystem. Be it paying bills, shopping online or making mobile recharges; the contests and offers that this credit card provides you can be profitable and it is going to make it worth swiping your card everytime you make a purchase! It has minimal fees, no charges to use Paytm wallet, and, above all, great cashback which makes swiping digitally also rewarding.

For Paytm regulars, the Paytm HDFC Bank Credit Card is a worthwhile addition to your wallet. Apart from money saving with Paytm cashback, it also gives you a peaceful and disturbance-free experience on paytm services.