Paytm HDFC Bank Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Paytm First membership is a delightful welcome gift that offers various benefits. Enjoy up to 3% cashback on Paytm recharge, utility, movies, and Mini App expenditures. Additionally, receive up to 2% cashback on other Paytm transactions and up to 1% cashback on other retail purchases. As part of the milestone program, you can earn a cashback of up to Rs. 1,200 annually. The monthly membership fee can be waived based on your spending. Furthermore, you can enjoy a 1% fuel surcharge waiver up to Rs. 250 per month.

The Paytm HDFC Bank Credit Card is an ideal choice for avid shoppers.

With a joining fee of Rs. 500 + GST and a renewal fee of Rs. 500 + GST, this card offers great rewards and benefits.

When it comes to rewards, the card offers reward points as its reward type.

On your first transaction worth Rs. 100 or more, you even get a complimentary Paytm First Membership as a welcome gift.

Apart from this, you can enjoy up to a 20% discount in partner restaurants through Dineout, making movie and dining experiences more affordable.

For all your shopping needs, you can avail a 3% cashback on Paytm Mall, Paytm Movies, and Paytm Mini App.

Additionally, you get a 2% cashback on other purchases made through the Paytm app.

And not to forget, on all other spends, you can earn 1% cashback.

The card doesn't offer any specific travel benefits, lounge access, or golf privileges, but its focus on shopping rewards makes it an ideal choice for shopaholics.

The Paytm HDFC Bank Credit Card also provides a spend-based waiver.

If you spend Rs. 5,000 or more in a month, the monthly fee of Rs. 50 will be waived off.

There are no redemption fees for rewards.

However, for international transactions, there is a foreign currency markup of 3.5%.

The interest rate on this credit card is 3.6% per month (43.2% per annum).

One significant highlight is the 1% fuel surcharge waiver on all fuel transactions worth Rs. 400 or more, making it even more beneficial for those who frequently travel by car.

In case you need cash, the cash advance fee is 2.5% of the cash amount withdrawn or Rs. 500, whichever is higher.

To sum it up, the Paytm HDFC Bank Credit Card offers excellent benefits for those who love to shop.

With its reward points, welcome gift, dining discounts, and cashback on various purchases, it provides great value for money.

While it may not cater to specific travel or lifestyle needs, it certainly makes up for it with its shopping rewards and benefits.