HDFC
Paytm HDFC Bank Select Credit Card
This is an invite only card
Top Benefits
Earn 5 % Cashpoints on Paytm spends
like Recharge, Utility, Travel, Mini‑App up to 1 500 per calendar month
Enjoy Up to 20% Discount
on partner restaurants via Dineout
Best For
Shopping
Dining
Grocery Shopping
Travel
The Paytm HDFC Bank Select Credit Card is a solid co-branded offering built for people who actively u...
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The Paytm HDFC Bank Select Credit Card is a solid co-branded offering built for people who actively u...
The Paytm HDFC Bank Select Credit Card is a solid co-branded offering built for people who actively use the Paytm ecosystem for their daily spending. If you pay your utility bills, book movie tickets, or handle travel bookings through the Paytm app, this card offers a straight 5% value back on those expenses. What makes it genuinely useful is the 1 to 1 reward conversion rate. Every Cashpoint you earn equals exactly Rs. 1, which takes the guesswork out of calculating your savings.
This card works great for urban professionals who frequently order food, book cabs, and shop online. You earn an accelerated 3% back on popular apps like Swiggy, Uber, AJIO, and BigBasket. With a reasonable fee structure and achievable fee waiver targets, it effectively bridges the gap between a beginner card and a premium lifestyle card. If you are looking for straightforward cashback without confusing reward multipliers, the Paytm HDFC Bank Select Credit Card delivers exactly what it promises.
View FAQ
Commonly Asked Questions
Is the Paytm HDFC Bank Select Credit Card lifetime free?
No, it comes with a joining and annual fee of Rs. 1,000 plus taxes. However, you can get the first year fee waived by spending Rs. 50,000 within the first 90 days of card issuance.
Who should apply for this credit card?
This card is perfect for regular Paytm users who spend heavily on utility bills, recharges, and travel bookings within the app. If you also frequently use Swiggy, Uber, and BigBasket, you will easily maximize the reward categories.
What makes this different from the standard HDFC Millennia card?
While Millennia offers broad 5% cashback on multiple partner sites, this card gives you 5% specifically on Paytm ecosystem spends and 3% on Swiggy, Uber, and AJIO. It also includes an attractive milestone benefit of a Rs. 500 voucher when you spend Rs. 50,000 in a quarter.
Is this a good first card for building credit?
You need a minimum CRIF credit score of 720 to get approved. Because of this requirement, it serves better as a second or third card rather than your very first credit card.
Expert Review
In my experience analyzing dozens of co-branded cards, the Paytm HDFC Bank Select Credit Card actually justifies its existence. I love the clean 1 Cashpoint = 1 Rupee conversion rate. It removes the mental gymnastics usually required to figure out if a card is actually saving you money. Getting 5% back on utilities and travel booked through Paytm is fantastic value for urban professionals. Furthermore, adding 8 domestic lounge visits completely elevates this card above standard entry-level options.
However, the exclusions are harsh. Earning absolutely zero points on major ticket items like rent, insurance, and offline utilities feels highly restrictive. The base reward rate of 1% is also incredibly uninspiring compared to flat-rate alternatives like the Axis Ace card. Ultimately, my verdict is simple. If your smartphone screen time is dominated by the Paytm app for bill payments, travel, and recharges, get this card immediately. If you rely on diverse platforms and prefer paying bills directly on provider portals, skip this and opt for an unrestricted cashback card instead.
Joining / Annual Fee
Joining Fees
₹1,180 ( ₹1000 + GST )
Annual Fees
₹1,180 ( ₹1000 + GST )
Understanding the cost of holding a credit card is just as important as knowing its benefits. The Pay...
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Understanding the cost of holding a credit card is just as important as knowing its benefits. The Pay...
Understanding the cost of holding a credit card is just as important as knowing its benefits. The Paytm HDFC Bank Select Credit Card comes with a one-time joining fee of Rs. 1,000 plus applicable GST. This fee is charged to your first billing statement. However, you can offset this cost entirely. If you spend Rs. 50,000 on non-EMI transactions within the first 90 days of card issuance, the bank will waive the first year's membership fee.
From the second year onwards, the bank charges a recurring annual fee of Rs. 1,000 plus GST. This fee is automatically billed on your card anniversary month. You have a very clear path to avoid paying this recurring charge. The annual fee is waived if you spend Rs. 1.5 lakh or more on your card in the 12 months preceding your renewal date. Breaking that down, spending just Rs. 12,500 per month will comfortably get you past the waiver threshold, making the card practically free to hold for regular users.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 1,000 plus applicable GST, charged to your first credit card statement.
Can the joining fee be waived?
Yes, if you spend Rs. 50,000 on non-EMI purchases within 90 days of card issuance, the joining fee is waived. For example, buying a Rs. 55,000 laptop in your first month easily clears this requirement.
What is the annual or renewal fee?
From the second year onwards, an annual maintenance fee of Rs. 1,000 plus GST is charged to your account.
From when is the annual fee charged?
The annual fee is charged at the end of your 12-month membership cycle, exactly one year after the card was issued to you.
Is there an annual fee waiver option?
Yes, you can get the annual fee waived by spending Rs. 1.5 lakh or more during the preceding 12-month period.
What is the spending requirement for the annual fee waiver in practical terms?
To hit the Rs. 1.5 lakh target, you only need to spend an average of Rs. 12,500 per month. Paying your utility bills, groceries, and occasional dining with this card easily covers that amount.
Do EMI transactions count toward the fee waiver targets?
No, the bank explicitly states that the Rs. 50,000 target for the joining fee waiver and the Rs. 1.5 lakh target for the annual fee waiver must come from non-EMI spends.
How can I get this card lifetime free?
The Paytm HDFC Bank Select Credit Card is a fee-based card and does not offer a standard lifetime free variant. You must meet the annual spending milestones to keep the card fee-free.
What happens if I don't meet the fee waiver spending requirement?
If your annual non-EMI spending falls short of Rs. 1.5 lakh, the Rs. 1,000 fee plus 18% GST (total Rs. 1,180) will be billed to your next statement.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
3.6LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
No
Getting approved for the Paytm HDFC Bank Select Credit Card requires meeting specific age, income, an...
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Getting approved for the Paytm HDFC Bank Select Credit Card requires meeting specific age, income, an...
Getting approved for the Paytm HDFC Bank Select Credit Card requires meeting specific age, income, and credit score parameters. The bank has kept the criteria fairly accessible for young professionals. The primary applicant must be at least 21 years old and not older than 65 years. This wide age bracket accommodates recent graduates as well as people nearing retirement.
For salaried individuals, the bank expects a minimum monthly income of Rs. 30,000. This equals an annual package of Rs. 3.6 lakh. If you are a self-employed professional or business owner, the income requirement is Rs. 7.2 lakh per annum, which translates to Rs. 60,000 per month. The bank accepts both salaried and self-employed applicants, provided they have a strong credit history. A minimum CRIF credit score of 720 is required for approval. If your score is lower, or if you have a history of defaulting on loans, your application will face rejection.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 21 years old to be eligible for this credit card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 65 years at the time of submitting your application.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum monthly net income of Rs. 30,000 to qualify. That means an annual salary of Rs. 3.6 lakh makes you eligible.
What is the minimum annual income for self-employed applicants?
Self-employed business owners and freelancers must demonstrate an annual income of at least Rs. 7.2 lakh via their Income Tax Returns.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed individuals are fully eligible to apply, provided they meet their respective income thresholds.
What credit score is needed for approval?
You need a minimum CRIF score of 720. A good credit history with timely past payments increases your chances of instant approval.
Will my application be rejected if my credit score is 700?
A score below the 720 threshold leads to rejection, as this is the mandatory baseline requirement for this card variant.
Do I need to be an Indian citizen to apply?
Yes, this card is strictly for resident Indians. NRIs are ineligible for this specific co-branded variant and should apply for specialized NRI credit cards.
Can I get add-on cards for family members?
You can apply for up to three add-on cards for your spouse, parents, or children who are above 18 years of age.
All Card Benefits
- Earn 5% CashPoints on Paytm spends (Recharge, Utility, Travel, Movies, Mini App); 1 CashPoint = ₹1; capped at 1,500 CashPoints (₹1,500) per month
- Earn 3% CashPoints on Swiggy, AJIO, BigBasket & Uber; 1 CashPoint = ₹1; capped at 500 CashPoints (₹500) per month on accelerated categories
- Earn 1% CashPoints on all other retail transactions; 1 CashPoint = ₹1; capped at 2,000 CashPoints (₹2,000) per month
- Get Up to 10% savings on annual spends of ₹8,00,000
- Get Gift vouchers worth ₹500 on spending ₹50,000 per calendar quarter (non-EMI, non-rental)
Welcome Benefits
Getting started with this card brings immediate value. Upon completing your first...
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Welcome Benefits Getting started with this card brings immediate value. Upon completing your first...
Welcome Benefits
Getting started with this card brings immediate value. Upon completing your first transaction of a minimum of Rs. 100, you receive a complimentary Paytm First membership. This membership gives you access to exclusive offers, priority support, and extra savings across the Paytm app. To activate the card and qualify for the ongoing reward structure, you must make this minimum transaction of Rs. 100 within 30 days of receiving your card.
Reward Points Structure
The core strength of this card is its highly rewarding Cashpoints system. You earn a maximum of 5% Cashpoints on Paytm app purchases, specifically covering mobile recharges, utility bill payments, travel bookings, movie tickets, and mini-app spends. This category caps at Rs. 1,500 per month. If you spend exactly Rs. 30,000 on the Paytm app in these categories, you hit that maximum cap.
You also earn 3% Cashpoints on Swiggy, AJIO, BigBasket, and Uber, capped at Rs. 500 per month. To max this out, you would need to spend Rs. 16,666 across these platforms monthly. For all other retail spends, you get a flat 1% Cashpoint return, which caps at an impressive Rs. 2,000 per month. With 1 Cashpoint equaling exactly Rs. 1, calculating your savings is effortless.
Airport Lounge Access
Travelers get a great perk with complimentary airport lounge access. The card offers 8 domestic airport lounge visits per calendar year. This is capped at 2 visits per quarter. If you take a couple of domestic flights every few months, you can enjoy free food, comfortable seating, and wifi before your flight.
Milestone Benefits
HDFC Bank rewards your consistent spending habits. If you spend Rs. 50,000 in a calendar quarter, you receive a gift voucher worth Rs. 500. This is an additional 1% return on your quarterly spending. If you consistently hit this target every quarter, you get Rs. 2,000 in gift vouchers annually on top of your regular Cashpoints.
Fuel Surcharge Waiver
Driving to work gets slightly cheaper with the fuel surcharge waiver. You get a 1% surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000 across all petrol pumps in India. The maximum waiver you can get in a single billing cycle is Rs. 500.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You need to make a minimum transaction of Rs. 100 using your new card within the first 30 days of activation. Once completed, the complimentary Paytm First membership is activated on your linked mobile number.
When will I receive the welcome benefit after my first swipe?
The Paytm First membership is activated within 7 working days of your qualifying transaction settling in your card account.
What happens if I don't spend Rs. 100 in the first 30 days?
If you fail to make this minimum transaction within 30 days, you will not only miss out on the welcome membership but you will also become ineligible for the standard reward points program.
What is the practical value of the Paytm First membership?
The membership gives you access to special cashback offers, priority customer service, and discounted subscriptions. You save an average of Rs. 500 over a few months through exclusive promo codes available to First members.
What is the standard reward rate on this card?
The base reward rate is 1% on all general retail transactions. For example, if you buy groceries offline worth Rs. 10,000, you will earn 100 Cashpoints, which translates directly to Rs. 100 in value.
What is the value of 1 reward point in rupees?
Each Cashpoint is valued at exactly Rs. 1. This 1 to 1 ratio makes it incredibly easy to track your benefits without complicated conversion charts.
How much can I earn maximum from the 5 percent category?
You can earn a maximum of 1,500 Cashpoints per month in the 5% category. Once you spend Rs. 30,000 on Paytm recharges or utility bills in a single month, you hit this cap.
How much can I earn from the 3 percent category?
The 3% category on Swiggy, AJIO, BigBasket, and Uber is capped at 500 Cashpoints per month. Spending Rs. 16,666 on these apps will maximize this specific benefit bucket.
Do I earn Cashpoints on fuel purchases?
No, fuel purchases are strictly excluded from earning any Cashpoints on this card. Instead, you get a fuel surcharge waiver.
Will I earn points if I pay my rent with this card?
No, rent payments are explicitly excluded from earning Cashpoints. Furthermore, a 1% convenience fee will be charged on all rent payment transactions.
Do utility bills earn rewards?
Yes, but only if paid through the Paytm app. If you pay utilities directly on a merchant website or a third-party app other than Paytm, those utility spends are excluded from standard earnings.
Can I earn rewards on wallet reloads?
No, adding money to any digital wallet, including the Paytm wallet, will not earn you any Cashpoints.
What happens to my points if I convert a purchase to EMI?
EMI transactions do not earn any Cashpoints. If you buy a phone for Rs. 50,000 and convert it to EMI, you forfeit the rewards you would have normally earned on that retail spend.
Is there a cap on the base 1 percent earnings?
Yes, the 1% category is capped at 2,000 Cashpoints per month. You would need to spend Rs. 2,00,000 on general retail in a single billing cycle to hit this ceiling.
How many lounge visits do I get annually?
You receive a total of 8 complimentary domestic airport lounge visits every calendar year.
Can I use all 8 visits in one month?
No, the visits are restricted to a maximum of 2 visits per quarter. You cannot carry forward unused visits to the next quarter.
What happens if I exceed my 2 visits in a quarter?
If you try to access a lounge for the third time in a single quarter, you will be charged the standard lounge access rate, which ranges from Rs. 1,000 to Rs. 2,000 depending on the airport.
Does this card offer international lounge access?
No, this specific credit card does not provide any complimentary access to international airport lounges.
How do I earn the Rs. 500 gift voucher?
You must achieve a total spend of Rs. 50,000 within a specific calendar quarter. Once you cross this threshold, the bank issues the voucher.
Are all spends counted toward the milestone target?
Most regular retail spends count, but cash advances, EMI conversions, jewelry purchases, and fuel payments are strictly excluded from milestone calculations.
How will I receive the gift voucher?
The bank will send an SMS and email with a voucher claim link. You can choose from top brands like Amazon, Flipkart, or Myntra.
If I spend Rs. 1,00,000 in a quarter, do I get two vouchers?
No, the milestone benefit is fixed at one Rs. 500 voucher per quarter upon reaching the Rs. 50,000 spend target, regardless of how much more you spend beyond that.
Is there a minimum spend required to get the fuel waiver?
Yes, your fuel transaction must be at least Rs. 400. If you fill petrol worth Rs. 300, the 1% surcharge will be applied and not waived.
Is there a maximum limit for a single fuel transaction?
The waiver applies only on transactions up to Rs. 5,000. If you swipe your card for Rs. 6,000 at a petrol pump, you will not receive the waiver for that transaction.
How much can I save on fuel every month?
The maximum surcharge waiver is capped at Rs. 500 per statement cycle. This means you get the waiver on up to Rs. 50,000 worth of fuel purchases monthly.
Do I also earn reward points on my fuel expenses?
No, fuel transactions are excluded from the Cashpoints program. You only receive the surcharge waiver benefit.
Milestone Benefits
Voucher Benefit(Worth ~ ₹2,000)
Spend ₹50,000 in 90 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Cashpoint = ₹1
Redemption Options
- Statement credit (cashback)
- Travel bookings (flights/hotels via SmartBuy)
- Product catalogue
- Airmiles
To check redemption catalogue
Accumulating Cashpoints is only half the journey; redeeming them efficiently maximizes your value. Wi...
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Accumulating Cashpoints is only half the journey; redeeming them efficiently maximizes your value. Wi...
Accumulating Cashpoints is only half the journey; redeeming them efficiently maximizes your value. With the Paytm HDFC Bank Select Credit Card, every 1 Cashpoint holds a strict value of Rs. 1. The most straightforward way to use your points is through statement credit. This means the points turn into direct cashback applied against your outstanding bill. If you have 2,000 Cashpoints, you can reduce your credit card bill by exactly Rs. 2,000.
If you prefer other avenues, you can log into the SmartBuy portal at offers.smartbuy.hdfcbank.com/v1/foryou. From there, you can use your Cashpoints to book flights and hotels. You can also browse the product catalogue to exchange points for physical goods, or convert them into Airmiles for frequent flyer programs. It is important to note that HDFC Bank charges a reward redemption fee of Rs. 99 plus GST every time you place a redemption request. Therefore, you should accumulate a large pool of points and redeem them in one bulk transaction rather than making multiple small redemptions.
View FAQ
Commonly Asked Questions
How do I redeem the Cashpoints I have earned?
You can redeem your points by logging into HDFC NetBanking, navigating to the credit cards section, and clicking on the rewards redemption portal. Choose statement credit or browse the catalogue.
Is cashback credited automatically or do I need to request it?
Cashback is not auto-credited. You must manually initiate a redemption request through the banking portal to convert your accumulated Cashpoints into statement credit.
What is the exact value I get when I redeem points against my bill?
The conversion rate is flat: 1 Cashpoint = Rs. 1. If your monthly bill is Rs. 15,000 and you redeem 3,000 Cashpoints, your payable amount drops to Rs. 12,000.
Is there a fee for redeeming my rewards or cashback?
Yes, the bank charges a flat reward redemption handling fee of Rs. 99 plus 18% GST (Rs. 116.82 total) for every redemption request you make.
What other options do I have apart from statement cashback?
Through the SmartBuy portal, you can use your points for travel bookings (flights/hotels), buy merchandise from the product catalogue, or convert points into Airmiles.
Do my accumulated Cashpoints expire?
Cashpoints on this card are valid for 2 years from the date of accumulation. Ensure you redeem them before this period to avoid forfeiture.
What happens to my unredeemed points if I close the card?
Unredeemed rewards are completely forfeited the moment your card closure request is processed. You must redeem all points before initiating the cancellation.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Purchases
EMI Transactions (including retro-converted EMIs)
Wallet Loads
Rent Payments
Government Services
Education Payments via Third-Party Apps
Online Skill-Based Gaming
Jewellery Purchases
Cash Advances
Payment of Outstanding Balances
Payment of Card Fees and Other Charges
Insurance Services
Utility Spends.
For Spends Waiver
Fuel Purchases
EMI Transactions (including purchases converted to EMI post facto)
Wallet Loads
Rent Payments
Government Services
Education Payments via Third-Party Apps
Jewellery Purchases
Cash Advances
Payment of Outstanding Balances
Payment of Card Fees and Other Charges
Insurance Services
Utility Spends.
To avoid disappointment when your monthly statement arrives, you need to understand precisely where t...
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To avoid disappointment when your monthly statement arrives, you need to understand precisely where t...
To avoid disappointment when your monthly statement arrives, you need to understand precisely where this card will not earn you any rewards. The bank has a comprehensive list of spending categories that are completely excluded from the Cashpoints program. If you swipe your card at a petrol pump for fuel purchases, you earn zero points. If you buy a refrigerator and opt for an EMI transaction (including retro-converted EMIs), you forfeit the rewards. Loading money into digital wallets also yields nothing.
Additionally, big-ticket essential spends are largely excluded. Rent payments and government services do not earn rewards. If you pay your child's tuition fees through third-party education apps, or spend money on online skill-based gaming, you get nothing. Jewellery purchases, taking cash advances from an ATM, paying insurance premiums, and making utility payments outside the Paytm ecosystem are all excluded. For example, if you pay a Rs. 20,000 annual insurance premium using this card, you miss out on Rs. 200 worth of base rewards because of these exclusion rules.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards or cashback on this card?
Transactions for fuel, EMIs, wallet loads, rent, government services, third-party education apps, gaming, jewellery, cash advances, insurance, and external utility payments do not earn Cashpoints.
Does paying rent with this card earn reward points?
No, rent payments are fully excluded from earning any Cashpoints. Furthermore, a 1% fee is applied to all rent transactions.
Are insurance premium payments excluded from rewards?
Yes, paying your life or health insurance premiums with this card falls under the excluded categories and will not accumulate any rewards.
Do wallet top-ups or gift card purchases earn rewards?
Wallet loads are explicitly excluded. Loading Rs. 5,000 into your Paytm or Amazon Pay wallet will result in zero points earned.
Are education or school fee payments excluded?
If you pay education fees via third-party apps, the transaction is excluded from reward earnings. Direct payments made through official school or college portals often qualify for base rewards.
Are utility bill payments such as electricity and water excluded?
Utility spends made outside the Paytm ecosystem are excluded. To earn the 5% reward on utilities, the transaction must be processed strictly within the Paytm app.
What happens if I accidentally make a payment in an excluded category?
The transaction will process successfully and reflect on your statement as normal, but the rewards column for that specific transaction will show zero points earned.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card. | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge 1% fee applicable on rental transactions from the second rental transaction onwards in the same calendar month | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees Outstation cheque: ₹25 (up to ₹5,000), ₹50 (above ₹5,000) per chequ | ₹25 |
Cash Payment Fees ₹100 per cash payment. | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹101 - ₹500 | ₹100 |
| ₹501 - ₹1,000 | ₹500 |
| ₹1,001 - ₹5,000 | ₹600 |
| ₹5,001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹900 |
| ₹25,001 - ₹50,000 | ₹1100 |
| ₹50,000 and above | ₹1300 |
A credit card's true cost lies in its hidden fees and penalties. While the Paytm HDFC Bank Select Cre...
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A credit card's true cost lies in its hidden fees and penalties. While the Paytm HDFC Bank Select Cre...
A credit card's true cost lies in its hidden fees and penalties. While the Paytm HDFC Bank Select Credit Card has great rewards, understanding exactly what the bank charges for late payments, cash withdrawals, and international swipes is critical to avoiding debt traps.
The Joining Fee is a one-time charge of Rs. 1,000 plus GST applied when the card is issued. However, the bank offers a complete waiver of this fee if you manage to spend Rs. 50,000 on non-EMI transactions within the first 90 days of getting the card.
The Annual Fee, or renewal fee, is also set at Rs. 1,000 plus GST, charged every year on your card anniversary. You can easily bypass this fee if your total non-EMI spending reaches Rs. 1.5 lakh or more during the 12 months prior to the renewal date. Spending roughly Rs. 12,500 per month ensures you never pay this charge.
The APR (Annual Percentage Rate) or Interest Rate is a heavy 3.75% per month. If you fail to clear your full statement balance by the due date, this interest kicks in. For example, if you leave an unpaid balance of Rs. 10,000, you will be charged roughly Rs. 375 in interest just for that month, which quickly snowballs into massive debt over time.
Late Payment Charges are levied based on your total outstanding balance. The bank charges Rs. 0 for balances up to Rs. 500, Rs. 500 for balances between Rs. 501 and Rs. 5,000, Rs. 750 for balances between Rs. 5,001 and Rs. 10,000, and Rs. 1,200 for anything above Rs. 10,000. If your bill is Rs. 3,000 and you miss the payment date, a Rs. 500 penalty hits your account instantly.
The Forex Markup Fee is charged at 3.5% on all transactions processed in currencies other than Indian Rupees. If you travel to Dubai and swipe your card for an equivalent of Rs. 10,000 in Dirhams, the bank will add a Rs. 350 fee strictly for currency conversion.
The ATM Cash Withdrawal Fee is an aggressive 2.5% of the total withdrawn amount, subject to a minimum charge of Rs. 500. If you use this credit card to pull Rs. 5,000 out of an ATM, you will pay a massive Rs. 500 fee, plus heavy interest from day one.
A Rent Payment Convenience Fee of 1% is charged on the total transaction amount when you use platforms like Cred or NoBroker to pay your landlord. If your rent is Rs. 20,000, the bank takes an extra Rs. 200, plus GST, making credit card rent payments quite expensive.
The Railway Surcharge applies when booking train tickets. A surcharge of 1.80% applies to online transactions (like IRCTC) and 2.50% applies at physical booking counters. The bank recovers this amount along with standard taxes.
The Cash Payment Fee is an administrative charge of Rs. 175. This applies if you physically walk into an HDFC bank branch and deposit hard cash at the teller counter to pay off your credit card bill. You can avoid this entirely by paying online via NetBanking or UPI.
The Cheque Payment Fee is a severe penalty of 2% of your payment amount. This is strictly levied for cheque returns, cheque dishonors, or auto-debit reversals due to insufficient funds in your savings account.
The Reward Redemption Fee is a processing charge of Rs. 99 plus applicable GST. Every time you log into the portal to convert your Cashpoints into statement credit or a voucher, this fee reduces the net value of your hard-earned points.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 1,000 (Waived on Rs. 50k spend in 90 days) |
| Annual Fee | Rs. 1,000 (Waived on Rs. 1.5L annual spend) |
| Interest Rate (APR) | 3.75% per month |
| Late Payment Fee | Up to Rs. 1,200 based on outstanding balance |
| Forex Markup | 3.5% of transaction value |
| ATM Withdrawal Fee | 2.5% of amount (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Booking Surcharge | 1.80% online / 2.50% offline |
| Cash Deposit Fee | Rs. 175 per deposit |
| Cheque Return Fee | 2% of payment amount |
| Reward Redemption Fee | Rs. 99 + GST per request |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 1,000 plus GST, charged to your first statement.
What is the annual or renewal fee?
The annual renewal fee is Rs. 1,000 plus GST, applicable from the second year.
Is there an annual fee waiver based on spending?
Yes, spending Rs. 1.5 lakh or more on your card in a year completely waives the next year's annual fee.
What is the interest rate if I don't pay my full balance?
The bank charges an interest rate of 3.75% per month on your outstanding balance if you fail to clear the total due amount.
How is the interest calculated on outstanding balances?
You lose your interest-free period immediately. Interest is calculated on a daily basis from the date of the original purchase until the entire balance is paid off in full.
What are the late payment charges?
Late fees operate on slabs: Rs. 0 for dues under Rs. 500, Rs. 500 for dues up to Rs. 5,000, Rs. 750 for dues up to Rs. 10,000, and Rs. 1,200 for dues exceeding Rs. 10,000.
What is the forex markup for international transactions?
The bank applies a 3.5% markup fee on all foreign currency transactions. Swiping for USD 100 adds a Rs. 350 premium to your bill.
Can I withdraw cash using my credit card?
Yes, but a cash advance fee of 2.5% of the withdrawn amount is charged, with a strict minimum floor of Rs. 500 per transaction.
Are there fees for paying rent with this card?
Yes, a flat 1% convenience fee is applied by the bank on the total rent payment amount, completely excluding any portal charges levied by platforms like Cred.
Is there a fee for paying my bill in cash at the branch?
Yes, a cash handling fee of Rs. 175 per deposit is levied if you pay your credit card bill using physical currency at a branch counter.
Is there a fee to redeem my reward points?
Yes, a processing fee of Rs. 99 plus GST is charged every single time you submit a request to redeem your Cashpoints.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What identity proofs are accepted?
You must provide your physical PAN Card for the Video KYC. For identity and address proof, an Aadhaar Card, Passport, Voter ID, or Driving License is fully acceptable.
What income documents do salaried individuals need?
Salaried applicants must submit their latest 2 months' salary slips and the most recent 3 months' bank statements showing salary credits.
What income proof is required for self-employed applicants?
Self-employed individuals must provide their latest Income Tax Returns (ITR) along with computation of income and recent business bank statements.
Do I need a passport size photograph?
If you are applying purely offline at a branch, you need physical photographs. For digital applications with Video KYC, the bank captures your live photo during the call.
Can I use a rent agreement as address proof?
If your current address differs from your permanent one, you must provide a registered rent agreement along with a utility bill or bank statement in your name as valid address proof.
What happens if my Aadhaar address doesn't match my current living address?
If your current address differs from your Aadhaar, you will need to provide supplementary documentation, such as recent utility bills in your name, to prove your current residence.
Who Should Get This Card?
This card is built for a very specific type of consumer: the Paytm loyalist. If you naturally gravitate towards the Paytm app to pay your electricity bill, recharge your DTH, book a Friday night movie, and schedule your holiday flights, this card is basically handing you free money. Earning 5% back on these expenses up to Rs. 1,500 monthly means you can extract Rs. 18,000 in value yearly just from routine life admin tasks.
It also fits nicely into the wallet of a frequent domestic traveler. Getting 8 lounge visits a year on a card with a Rs. 1,000 fee is excellent value, allowing you to grab a comfortable meal at the airport for free almost every time you fly.
However, you should completely avoid this card if you hate the Paytm ecosystem. If you prefer paying bills directly on provider websites, shopping on Amazon, and buying offline groceries, the restrictive 1% base rate will severely disappoint you. In that scenario, a flat-rate cashback card serves you much better.
Credit Limit and What to Expect
Your approved credit limit determines your spending power. HDFC Bank calculates this limit based on your stated income, existing debt obligations, and your credit score. Salaried individuals earning Rs. 50,000 per month receive starting limits ranging from Rs. 75,000 to Rs. 1.5 lakh. Self-employed individuals with high annual returns secure larger limits. The bank reviews your card usage periodically and offers proactive limit enhancements if you pay your bills on time.
View FAQ
Commonly Asked Questions
How does the bank decide my starting credit limit?
Your limit is assigned based on a combination of your monthly income (Rs. 30,000 minimum), your CRIF score of 720+, and any other loans or credit cards you currently hold.
Can I request a higher limit immediately after getting the card?
No, the bank requires you to use the card responsibly for at least 6 months before entertaining manual limit increase requests.
What happens if I try to spend beyond my approved credit limit?
Transactions exceeding your limit will be declined at the payment gateway, or if approved, the bank will levy a strict over-limit penalty fee on your account.
Does spending my full limit hurt my credit score?
Yes, utilizing 100% of your credit limit increases your Credit Utilization Ratio, which negatively impacts your CRIF score. Keep your usage below 30% of the total limit.
Will I get a higher limit if I have an HDFC salary account?
Having an existing relationship like a salary account allows the bank to see your cash flow directly, which results in higher starting limits and faster approvals.
Can I reduce my credit limit if I find it too high?
Yes, you can manage and decrease your overall limit, as well as set daily transaction limits for online and offline spends through HDFC NetBanking.
How to Apply?
Applying for the Paytm HDFC Bank Select Credit Card is a fast and digital-first process. You can apply directly through the Paytm app, the HDFC Bank official website, or trusted partner platforms. The digital journey requires you to fill out your basic personal, professional, and income details. Once you submit the form, the bank will pull your credit report to verify your CRIF score.
If your preliminary application is approved, you will be prompted to complete a Video KYC (Know Your Customer) verification. You will need your physical PAN card, an Aadhaar card linked to your mobile number, a blank piece of paper, and a blue or black pen for a live signature. Make sure your internet connection is stable and you are in a well-lit room.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply through the Paytm mobile app, the HDFC Bank website, or authorized financial comparison platforms online.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process over a video call with a bank agent. It is mandatory for online applications and replaces the need for a bank representative to physically visit your house.
What do I need for a successful Video KYC call?
Keep your original physical PAN card handy. Have a blank white paper and a pen ready to provide a live signature. Ensure your device location is turned on.
How long does the approval process take?
If your profile is strong and Video KYC is completed successfully, digital approval happens within 48 to 72 hours. The physical card arrives in 7 to 10 working days.
Can I track my application status?
Yes, after submission, you receive an Application Reference Number via SMS. You can use this number on the HDFC Bank track application portal to see live updates.
What happens if my Video KYC fails?
If the call drops or fails due to technical reasons, the bank sends a fresh link via SMS or email to restart the process. If it fails completely, a bank representative will visit your home or office for physical biometric verification.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Earn 5 % Cashpoints on Paytm spends
like Recharge, Utility, Travel, Mini‑App up to 1 500 per calendar month
Enjoy Up to 20% Discount
on partner restaurants via Dineout
The smartest way to find your great credit card
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