HDFC BankPaytm HDFC Bank Mobile Credit Card – Benefits, Fees & Eligibility
Is the Paytm HDFC Bank Mobile Credit Card Right for You?
The Paytm HDFC Bank Mobile Credit Card is best suited for users who prioritize Shopping. With a joining fee of ₹149 + GST and a renewal fee of ₹149 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Cashback as its primary reward mechanism, with a rewards rate of Earn 2% on select Paytm spends, 1% on other Paytm spends, and 0.5% on other retail..
Key Card Details
₹149 + GST
₹149 + GST
Cashback
3.5% on all foreign currency transactions.
Notable Perks
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Insurance Coverage
Zero Cost Liability ensures no liability on fraudulent transactions if loss reported immediately.
Spend-Based Waiver
Annual fee waived on ₹25,000 annual spend; first year fee waived on ₹1,000 in 40 days.
Movie Benefits
Earn 2% cashpoints on purchases on Paytm Movies.
Golf Benefits
Not Applicable
Things to Consider
Cashback earnings are subject to relatively low monthly caps across categories.
A high foreign currency markup of 3.5% applies to international transactions.
Cashpoints are accrued monthly, not instantly, in the first week of the subsequent month.
Benefits & Features
Welcome Offer
Not Applicable
Rewards Rate
Earn 2% on select Paytm spends, 1% on other Paytm spends, and 0.5% on other retail.
Reward Type
Cashback
Reward Redemption
Cashpoints redeemable as cashback (Re.1 = Re.1) or for travel & catalogue via SmartBuy (Re.1 = Re.0.3).
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Zero Cost Liability ensures no liability on fraudulent transactions if loss reported immediately.
Movie Benefits
Earn 2% cashpoints on purchases on Paytm Movies.
Dining Benefits
Up to 20% discount at partner restaurants via Dineout.
Travel Benefits
Not Applicable
Fees & Charges
Joining Fee
₹149 + GST
Renewal Fee
₹149 + GST
Spend-Based Waiver
Annual fee waived on ₹25,000 annual spend; first year fee waived on ₹1,000 in 40 days.
Foreign Currency Markup
3.5% on all foreign currency transactions.
Interest Rates
3.75% per month (45% annually) for revolving credit.
Fuel Surcharge Waiver
1% fuel surcharge waiver, capped at Rs. 250/month on transactions ₹400+.
Cash Advance Charges
2.5% of the transacted amount, subject to a minimum of Rs. 500.
Rewards Redemption Fee
Nil
Pros & Cons
Pros
Key benefits and features of this card.
Ideal entry-level card for new users starting their credit journey.
Provides good savings with a very affordable annual membership fee.
Enjoy competitive cashback rates on Paytm transactions and all other retail spends.
Opportunity to upgrade to the superior Paytm HDFC Bank Credit Card benefits.
Benefit from fuel surcharge waivers and easy annual fee waiver conditions.
Cons
Key drawbacks and limitations of this card.
Cashback earnings are subject to relatively low monthly caps across categories.
A high foreign currency markup of 3.5% applies to international transactions.
Cashpoints are accrued monthly, not instantly, in the first week of the subsequent month.
Excludes common spends like fuel, EMI, rent, and wallet loads from cashpoint earning.
Online skill-based gaming transactions will cease to earn cashpoints from July 2025.
Product Details
Issued in partnership with Paytm, focusing on its ecosystem benefits.
Unlock benefits of a superior card by meeting specific spend milestones.
Features Zero Cost Liability protection for fraudulent transactions.
Enjoy an interest-free credit period of up to 50 days on purchases.
Revolving credit facility is available at a nominal interest rate.
Benefits & Features
Welcome Offer
Not Applicable
Rewards Rate
Earn 2% on select Paytm spends, 1% on other Paytm spends, and 0.5% on other retail.
Reward Type
Cashback
Reward Redemption
Cashpoints redeemable as cashback (Re.1 = Re.1) or for travel & catalogue via SmartBuy (Re.1 = Re.0.3).
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Zero Cost Liability ensures no liability on fraudulent transactions if loss reported immediately.
Movie Benefits
Earn 2% cashpoints on purchases on Paytm Movies.
Dining Benefits
Up to 20% discount at partner restaurants via Dineout.
Travel Benefits
Not Applicable
What matters, explained clearly
Paytm HDFC Bank Mobile Credit Card
Introduction
The Paytm HDFC Bank Mobile Credit Card is an entry-level credit card designed for individuals seeking decent savings benefits with a nominal membership fee. Issued in partnership with Paytm, it allows users to earn up to 2% cashback on select Paytm spends and 0.5% on other retail transactions. The card features an annual membership fee of ₹149 + GST, which can be waived based on annual spending. Additionally, it offers milestone benefits, allowing cardholders to unlock the features of the Paytm HDFC Bank Credit Card upon achieving specific spend thresholds, and provides a 1% fuel surcharge waiver on eligible transactions.
Fees
- Joining Fee: ₹149 + GST
- First Year Fee waived upon spending Rs. 1,000 (Non-EMI spends) within the first 40 days.
- Renewal Fee: ₹149 + GST
- Renewal Year Fee waived upon spending Rs. 25,000 (Non-EMI spends) in the 12 months period.
- Annual Fee Waiver on Spends of ₹25,000.
- Rewards Redemption Fee: Nil
- Foreign Currency Markup: 3.5% on all foreign currency transactions.
- Interest Rates: 3.75% per month (45% annually) for revolving credit.
- Fuel Surcharge: 1% fuel surcharge waiver, capped at Rs. 250 per month. Applicable on transactions of ₹400 or more.
- Cash Advance Charges: 2.5% of the transacted amount, subject to a minimum of Rs. 500.
Rewards
- Cashpoint Benefits:
- 2% cashpoints on purchases on Paytm Mall, Paytm Movies, and Paytm Mini App. Maximum cap per Calendar Month - 250 cashpoints.
- 1% cashpoints on all other Select Paytm Spends on the Paytm app. Maximum cap per Calendar Month - 250 cashpoints.
- 0.5% cashpoints on all other retail transactions (online & offline purchases). Maximum cap per Calendar Month - 500 cashpoints.
- Movies & Dining: Up to 20% discount at partner restaurants via Dineout.
- Fuel Surcharge Waiver: 1% fuel surcharge is waived off at all fuel stations for transactions worth ₹400 or more, with a maximum benefit capped at ₹250 per month.
- Milestone Benefits:
- On achieving a spend of ₹10,000 or more in 3 consecutive months, you can unlock the benefits of the Paytm HDFC Bank Credit Card, which is a superior version of the Paytm HDFC Bank Mobile Credit Card.
- Exclusions for Cashpoint Earning:
- Fuel, EMI, Wallet loads, Rent payments, and Government related transactions will not earn Cashpoints.
- Education Payments made through third-party apps like (but not limited to) CRED, Cheq, MobiKwik, and others will not earn Cashpoints.
- Effective from 1st July 2025, Online Skill Based gaming transactions will not earn Cashpoints.
- Cashpoint Accrual: Cashpoints for a particular calendar month shall be accrued in your card account in the first week of the subsequent month on a cumulative basis.
Rewards Redemption Guide
- Cashpoints can be redeemed as Cashback against the outstanding statement balance, where Re.1 Cashpoint = Re.1 Cashback.
- Cashpoints can also be used for redemption against travel benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal, where Re.1 Cashpoint = Re.0.3.
- Other redemption options include Airmiles & Product Catalogue.
Card Review
The Paytm HDFC Bank Mobile Credit Card is positioned as an excellent entry-level credit card for individuals embarking on their credit journey, offering decent saving benefits with an affordable membership fee. It provides good cashback rates on Paytm-specific transactions and a reasonable rate on other retail spends. A key highlight is the opportunity to upgrade to the benefits of the Paytm HDFC Bank Credit Card by meeting a specific milestone spend. Additionally, cardholders can benefit from fuel surcharge waivers and the option to waive annual fees through spending. It is a suitable choice for those looking for a basic, yet rewarding, credit card focused on everyday transactions and the Paytm ecosystem.
Important Product Details
- Earns 1%-2% cashback on spends within the Paytm app ecosystem (Mall, Movies, Mini App, other Paytm spends).
- Provides an assured 0.5% cashback on all other retail spends (online & offline purchases).
- Opportunity to unlock exclusive benefits of the Paytm HDFC Credit Card by reaching a milestone spend of ₹10,000 for three consecutive months.
- Annual membership fee waiver is available based on spending ₹25,000 in a year (or ₹1,000 in the first 40 days for the first year fee).
- Includes a 1% fuel surcharge waiver on transactions above Rs. 250 (capped at Rs. 250 per month).
- Features Zero Cost Liability, ensuring no liability on fraudulent transactions if the loss is reported immediately.
- Offers a free credit period of up to 50 days.
- Revolving Credit facility is available at a nominal interest rate.
Other Details
- Best Suited For: Shopping.
- Zero Cost Liability: If you lose your Card, report it immediately to the 24-hour call centre. After reporting the loss, you have a zero liability on any fraudulent transactions made on your card.
- Free Credit Period: Avail up to 50 days of interest-free credit on your Credit Card.
- Revolving Credit: Available at a nominal interest rate on your Paytm HDFC Bank Credit Card.
- Revisions to credit card charges are effective from July 1, 2025.