Paytm HDFC Bank Business Credit Card: The Paytm HDFC Bank Business Credit Card, another co-branded in partnership with Paytm and HDFC Bank, exclusively designed for Paytm customers. The Bank offers two personal credit cards named Paytm HDFC Bank Credit Card and Paytm HDFC Bank Select Credit Card.
If you prefer Paytm for most of your spends, ranging from travel, movies to retail shopping and many more, then this card is considered to be best fitted for you. The card comes with great offers and deals in different categories from Complimentary access to Domestic Airport Lounges across in the country, Fuel Surcharge Waiver, and welcome benefits and so on.
Therefore, Here in this article we are going to see the benefits and offers provided by Paytm HDFC Bank Business Credit Card, and also the eligibility to apply for the same.
Check, Paytm HDFC Digital Credit Card
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1. Paytm HDFC Bank Business Credit Card Features and Benefits
The Paytm HDFC Bank Business Credit Card offers great deals to its customer in different categories, such as Welcome benefits, Complimentary Paytm membership, Gift vouchers, Cashback and Reward ponits and many more.
Here we have mentioned the features and benefits offered by the Paytm HDFC Bank Business Credit Card:
- Welcome Benefits: As a welcome benefits, you get a Paytm first membership with exclusive benefits, over and above the regular offers. And, the membership can be availed upon a minimum one transaction of Rs. 100.
- Milestone Benefits: On spending a minimum of Rs. 1 Lac in a year, get a Gift vouchers worth of Rs. 500 and on spending a minimum of Rs. 30,000, First Year Fee can be waived off and i.e., within the first 90 days of the card issuance. On minimum spending of Rs. 50,000 or more, the renewal fee can also be waived off in the previous year.
- Dining and Entertainment: You get upto 20% discount on partner restaurants via Dineout while using your Paytm HDFC Bank Business Credit Card.
- Travel Benefits: For travelling benefits, you can use the Cashbacks to book hotel or flight bookings on Smartbuy.
- Cashback Benefits: As Cashbank Benefit, get 3% on all purchases on Paytm i.e., Recharge + Utility + Movies + Mini App, 2% cashback on all other Paytm spends and 1% Cashback on all other retail transactions (excluding Fuel, EMIs, Rental, and Education Spends). And these cashback rewards will be in the form of Paytm vouchers which can be used for doing transactions on Paytm Mall and for other uses.
- Fuel Surcharge Waiver: On your fuel transactions between Rs. 400 and Rs. 5,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India with max waiver capped at Rs. 500 per calendar month.
- Zero Liability protection: The bank provides its customers with zero liability protection against lost or stolen cards. It means that the cardholder will not be liable for any fraudulent transactions made on a lost or stolen card if the loss has been reported to the bank in a timely manner.
2. Paytm HDFC Bank Business Credit Card Fees and Charges:
- The Joining fee charges are- Rs. 500 (plus applicable taxes).
- The Annual fee and renewal fee charges, an annual membership fee of Rs. 500 (plus applicable taxes).
- The Cash withdrawal fee, is 2.5% of the withdrawn amount i.e., minimum Rs. 500.
- An interest rate of 3.6% per month (43.2% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% (plus applicable taxes) on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: upto Rs. 100: Rs. 0, From Rs. 101 to Rs. 500: Rs. 100, From Rs. 501 to Rs. 5,000: Rs. 500, From Rs. 5,001 to Rs. 10,000: Rs. 600, From Rs. 10,001 to Rs. 25,000: Rs. 800, From Rs. 25,000 to Rs. 50,000: Rs. 1,100 and More than Rs. 50,000: Rs. 1,300.
3. Paytm HDFC Bank Business Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Paytm HDFC Bank Business Credit Card are as follows:
- The age limit for applying for this card is minimum of 21 years of age.
- The cardholder should own a registered business with a stable income.
- The cardholder should have good credit score.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Paytm HDFC Bank Business Credit Card:
For Paytm HDFC Bank Business credit card you can apply either online or offline. For offline mode, you can visit your nearest HDFC Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Paytm HDFC Bank Business credit card:
- Step 1: Visit Official website of the HDFC Bank- www.hdfcbank.com
- Step 2: Click on ‘Cards’ option, under personal Banking section.
- Step 3: Then, select ‘Credit Card’ option.
- Step 4: Choose the ‘Paytm HDFC Bank Business Credit Card’, under ‘other credit cards’ option.
- Step 5: Click on ‘Apply Now’.
- Step 6: Enter your mobile number and captcha to start the application, and all the requested details and providing the required documents.
This the way in which you can apply for Paytm HDFC Bank Business credit card online.
Also Check, Paytm HDFC Bank Select Business Credit Card
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