Paytm HDFC Bank Select Business Credit Card: The Paytm HDFC Bank Select Business Credit Card, co-branded in partnership with Paytm and HDFC Bank, basically designed for the people who prefer Paytm the most for all their transcation. The card comes with great deals and offers for its customer by providing them with reward points and other benefits.
As it is mentioned above the card comes with great offers and deals in different categories from Complimentary access to Domestic Airport Lounges across the country, Fuel Surcharge Waiver, and welcome benefits and so on. The benefits doesn’t end here but also milestone benefits, Dining benefit, and many more.
Therefore, Here in this article we are going to see the benefits and offers provided by Paytm HDFC Bank Select Business Credit Card, and also the eligibility to apply for the same.
Check, Paytm HDFC Digital Credit Card
Contents
1. Paytm HDFC Bank Select Business Credit Card Features and Benefits
The Paytm HDFC Bank Select 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 Select Business Credit Card:
- Welcome Benefits: As a welcome benefits, get a Paytm first membership with exclusive benefits, more than the regular offers. This membership is a premium subscription-based rewards & loyalty program for Paytm users. The membership can be availed upon minimum one transaction of Rs. 100.
- Milestone Benefits: On spending over Rs. 2 Lac in a year, get a Gift Voucher worth of Rs. 1000 and on spending Rs. 60,000, First Year Fee waived i.e., get within the first 90 days. And also, on spending Rs. 1,00,000, Renewal Year Fee waived get in the 12 months period.
- Dining and Entertainment: You get upto 20% discount on partner restaurants via Dineout while using your Paytm HDFC Bank Select Business Credit Card.
- Travel Benefits: As a travel benefits, get 12 Complimentary access to Domestic Airport Lounges across the country in a calendar year i.e., 3 visits per Quarter and for the lounge access you will be charged a transaction fee of Rs. 2. And, you can also use the Cashbacks to book hotel/flights bookings on Smartbuy.
- Cashback Benefits: As Cashbank Benefit, get 5% cashback on all purchases in Paytm Mall, get 3% cashback on all purchases in Travel & monthly bill payments through standing instructions only on Paytm App and 1% cashback on all other spends.
- Insurance Benefits: With this Credit Card, you get insurance benefits, get Personal Accidental Death Cover + Permanent Disability Cover, get Base Cover of Rs. 500,000, Additional Accelerated Coverage Rs. 1,000,000 and Rs. 1,500,000 as well.
- 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.
2. Paytm HDFC Bank Select Business Credit Card Fees and Charges:
- The Joining fee charges are- Rs. 1,000 (plus applicable taxes).
- The Annual fee and renewal fee charges, an annual membership fee of Rs. 1,000 (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 Select Business Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Paytm HDFC Bank Select 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 Select Business Credit Card:
For Paytm HDFC Bank Select 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 Digital 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 Select 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 Select Business credit card online.
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