Paytm HDFC Credit Card: Benefits, Charges, Eligibility and Application Process

Launched in 2021, the Paytm HDFC credit card is a co-branded card offered by Paytm and HDFC Bank. This is an entry-level credit card which comes with a ₹499 joining fee and also has a spend-based waiver option. 

Excited to learn more about this credit card? Read this blog to understand its key benefits, applicable charges, eligibility, how to apply and more.

Paytm HDFC Credit Card Benefits 

Rewards

You can earn 3% cashpoints on Paytm transactions, including recharge, utility bills, movies, and mini app spends (maximum ₹500 per calendar month). Additionally, you get 2% cashpoints on other Paytm spends (maximum ₹500 per month). All other retail purchases earn you 1% cashpoints, up to a limit of ₹1,000 per calendar month.

Milestone Benefit

You receive 1% cashback on monthly spends of ₹10,000 or more, with the total cashback benefit capped at ₹1,200 per year.

Fuel Benefit

1% fuel surcharge waiver on fuel transactions of ₹400 - ₹5,000 (max ₹250/statement cycle)

Fee Waiver

You can waive the joining fee by spending ₹30,000 within the first 90 days of card issuance. Additionally, the annual fee will be waived if you spend ₹50,000 or more in a year.

Looking for a lifetime free credit card with zero annual and joining charges? Check Stable Money and get your UPI-enabled credit card along with free airport lounge access.

Fees and Charges Applicable on Paytm HDFC Credit Card 

• Joining Charges: ₹500 + GST
• Annual Membership Fee: ₹500 + GST
• Finance Charges: 3.75% per month (45% per annum).
• Cash Withdrawal Fees: 2.5% of the withdrawn amount or ₹500, whichever is higher.
• Late Payment Charges: If you do not clear the due amount on time, Paytm HDFC credit card charges for late payments will apply, depending on the outstanding balance. 

Eligibility Criteria to Get a Paytm HDFC Credit Card 

To get a Paytm HDFC credit card, your profile should match the eligibility conditions of HDFC Bank. Some of the common criteria are: 

• The applicant needs to be an Indian who is at least 18 years old.
• You need to have an active income source (either a salaried employee or self-employed).
• Your monthly income should be at least ₹20,000/month (for salaried) or ₹25,000 (for self-employed) to improve the approval chances.
• Last but not least, you need to have a credit score of 700 or higher.

Applying for your first credit card and facing rejections? No worries, build your credit history with a lifetime free credit card secured credit card against FD. Explore the Stable Money app now!

List of Documents Required to Apply for Paytm HDFC Credit Card 

1. Proof of Identity: PAN card, Aadhaar card, Passport, Voter ID, or any government-issued photo ID.
2. Address Proof: Aadhaar card, utility bills (not older than 3 months), passport, voter ID, ration card, rent agreement, or property documents.
3. Proof of Income: Recent salary slips (last 1-3 months), income tax returns, Form 16, or bank statements.

Note: You may need to submit any other relevant documents for your credit card application if requested by HDFC Bank.

Steps to Apply for Paytm HDFC Credit Card Online

1. Launch the Paytm app on your mobile phone.
2. Scroll down to the “Get Credit Card” section on the main screen.
3. Tap on the “HDFC Bank Paytm Cobranded Credit Card” and tap on “Get Card” for the Paytm HDFC credit card application.
4. You will be redirected to the application page for the Paytm HDFC Bank credit card.
5. Click “Apply Now” and enter your details, including your PAN number, address, and professional information.
6. Agree to the terms and conditions by checking the required box, then submit your application.
7. After verification of your details, you will receive updates regarding the status of your application.
8. If approved, you will immediately receive a virtual credit card, ready for use after the final approval process.

The Paytm HDFC credit card is an affordable entry-level option and a good choice if you make recharge and bill payments using Paytm. The online application process takes a maximum of 5 minutes, and your credit card will be delivered to your preferred address (if approved).

Looking for an FD-backed credit card? With Stable Money, you can grow your savings through a fixed deposit and enjoy a credit card loaded with perks such as lifetime free, free airport lounge access, and more.