Paytm HDFC Bank Select Credit Card: All You Need To Know About Features, Benefits And Rewards

In today’s fast-paced world of finance, credit cards are more than a simple means to make transactions. They come with a host of features such as cashbacks, reward points, travel benefits, dining benefits and so on. “Most people who are on the move, trying to make every penny count and be responsible with their money will benefit greatly from using a credit card. One such card that is recently making waves in the industry is the Paytm HDFC Bank Select Credit Card.

The Paytm HDFC Bank Select Credit Card is among the most popular cards in the country with an array of benefits for customers who aim to get the best value for their money. With offers such as the cashback on Paytm spends, lifestyle and travel benefits, this card has a lot to offer. In this blog, we’ll explain to you everything one needs to know about the Paytm HDFC Bank Select Credit Card – its features, benefits, rewards, charges, eligibility and many more.

What is Paytm HDFC Bank Select Credit Card?

Co-Branded with Paytm, the Paytm HDFC Bank Select Credit Card is issued by HDFC Bank. This card is great for those who are going for maximizing their spends, earning rewards and experiencing a slew of lifestyle and travel benefits. If you are a time on dine In, entertainment, & Shopping, as well as Paytm wipes, Bill payment and Pay of for online shopping, the card provides good value, with a range of rewards.

Salient Features of the Paytm HDFC Bank Select Credit Card

But there is a downside to come to that in a jiffy. But, first, let’s take a closer look at some of the key highlights of the Paytm HDFC Bank Select Credit Card:

Joining Fee:

The card has a joining fee of ₹1,000 plus taxes.

Annual Fee:

Also, the annual renewal charge is ₹1,000 plus taxes for this card.

Fee Waivers:

The renewal fee would be waived if the cardholder spends over ₹1.5 lakh annually.

Reward Points:

• 5% cashback on Paytm transactions.

• 2% cashback for all other online spends.

• 1% cashback on offline spends.

Welcome Benefit:

Paytm Wallet cashback on first transaction for new users.

Exclusive Travel and Lifestyle Benefits:

Free access to lounges at certain airports.
Hotel, flight and travel deals.

Significant Advantages of the Paytm HDFC Bank Select Credit Card

The Paytm HDFC Bank Select Credit Card is one of the rewards credit cards that aims at offering several benefits and privileges to its customers. Here’s a closer look at some of the key benefits:

Paytm Cashback

The 5% cashback on payments on Paytm is one of the key highlights of Paytm HDFC Bank Select Credit Card. Whether you are booking movie tickets, paying your utility bills, or shopping or purchasing something else online using Paytm: You get a 5% cashback on paytm transactions. That makes it a best card spend for those who pay their bills or recharge their phone using Paytm or shop a lot through it.

2% Cashback on Online Purchases

The Paytm HDFC Bank Select Credit Card also provides 2% cashback on all other online spends, aside from the Paytm cashback. This also comprises any buying you do on e-commerce sites such as Amazon, Flipkart or any other online store. This feature is especially beneficial for online shopping as it means that every purchase brings you closer to earning even more rewards.

1% Cashback on Offline Purchases

The card then offers 1% cashback for all other offline daily purchases. Whether it be your meals, your groceries, or shopping at your neighborhood mall, this card lets you get money back almost every time you spend it.

Welcome Benefits

New users of the Paytm HDFC Bank Select Credit Card get a handsome welcome benefit. And you are now eligible to earn Paytm wallet money, on your first transaction. This adds further appeal to the card for new applicants.

Additional Features and Benefits

In addition to cashback and reward points, the Paytm HDFC Bank Select Credit Card also available with various others benefits that are aimed to improve the overall cardholder experience. Let’s take a look at them:

Airport Lounge Access

As a boon for tourists, the card provides free entry to a limited number of domestic airport lounges. No matter if you’re traveling for business or on holiday, simply sit back, relax, and make full use of the amenities in the airport lounge so your trip is the best it can be.

Travel and Lifestyle Privileges

The Paytm HDFC Bank Select Credit Card gives you several travel and lifestyle benefits such as discounts on hotel stays, flights, holiday packages etc. If you travel frequently, this card can save you money on travel costs and allow you to earn points in the process.

Fuel Surcharge Waiver

Cardmembers also get 1% fuel surcharge waiver at all the petrol pumps in India. This offer is valid on spends between ₹400 upto and including ₹5,000 with a maximum waiver of ₹100 per statement cycle. For the frequent road warrior, this can really add up.

Flexible EMI Options

You can spread the cost of your purchases made with Paytm HDFC Bank Select Credit Card and convert them into convenient EMIs. This enables these cardholders to manage expensive purchases like computers or home appliances or trips away and pay them off over a set period at a low interest rate.

Zero Liability on Lost Card

You also get protection with zero liability if your card is lost or stolen. That means you won't be held liable for any unauthorized use of your card.

Here is What the Paytm HDFC Bank Select Credit Card Offers: What I Like about the Paytm HDFC Bank Select Credit Card

With so many credit cards in the market, a few things make the Paytm HDFC Bank Select Credit Card unique - high cashback rates, an easy to earn reward points design, and useful travel benefits. Here’s a quick look at how it stacks up to other credit cards:

Maximum Cashback on Paytm

New 5% cashback on Paytm spends is one of the largest cashback on any credit card in India. This card will provide extra value to Paytm users on all transactions.

Reward Points

Paytm HDFC Bank Select Credit Card is ideal for those who do a lot of online and offline shopping. It does provide some value in form of 5% cashback on Paytm and 2% on online spend which to be honest is quite good compared to other cards which only give lower cashback rates.

Travel Benefits

The free lounge access and travel fee reduction benefits make this a highly recommended card for those who travel frequently.

Lower Fee

The card has an annual fee of ₹1,000 (waived off if your annual spends exceed ₹30,000) considering the high cashback offers and travel benefits. The renewal fee can also be reversed on spends of ₹1.5 lakhs annually.

Eligibility Criteria

Applicants eligible for Paytm HDFC Bank Select Credit Card: Update 1: for your reach on these card, please follow the steps mentioned in other section.

Age Limit

Candidate age should be between 21-60 years.

Income

You should earn at least ₹25,000 (Salaried) or ₹3 lakh (Self-employed) per annum.

CIBIL Score

A healthy credit score (750 or more ideally) is mandatory to qualify.

Conclusion

For frequent Paytm users who are looking to benefit from cashback offers and earn rewards on their spends, the Paytm HDFC Bank Select Credit Card makes for a good option, as it also offers a decent array of travel and lifestyle benefits. This is a good card to maximize rewards with for the frontline purchases Miles aficionados make and the value outweighs the opportunity cost of not using another card with a continuation of great introductory rewards.

So, be it grocery shopping online, making ticket reservations, dining out or shopping at your favorite stores, the Paytm HDFC Bank Select Credit Card will give you a smooth and rewarding experience. At the same time, the Aadhar Credit Card comes at a very low fee which is why the card becomes a highly attractive proposition to anyone in the market for a good value credit card that has unique travel benefits and flexible EMI options.

So, if you want to have a credit card that provides you with cashback, rewards, and lifestyle benefits, you might want to consider the Paytm HDFC Bank Select Credit Card.