Paytm HDFC Digital Credit Card: The Paytm HDFC Digital 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 Bank has partnered with Paytm to launch three credit cards i.e., Paytm HDFC Select Credit Card, Paytm HDFC Bank Credit Card and Paytm HDFC Bank Mobile Credit Card, along with two business credit cards. The card offers great deals in different categories from cashback to other benefits as well.
Therefore, Here in this article we are going to see the benefits and offers provided by Paytm HDFC Digital Credit Card, and also the eligibility to apply for the same.
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Contents
1. Paytm HDFC Digital Credit Card Features and Benefits
The Paytm HDFC Digital 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 Digital Credit Card:
- Welcome Benefits: As a welcome benefits, you get a premium subscription based reward & loyalty program for Paytm users i.e., Paytm First Membership. Which can be availed on minimum one transaction of Rs. 100 with this card.
- Milestone Benefits: On spending a minimum of Rs. 50,000, get a Gift vouchers worth Rs. 500 i.e., only non-EMI spends considered in a calendar quarter. The gift voucher can be chosen from the Health & Wellness, Shopping, Entertainment, Food delivery any of these categories. And on a minimum expenditure of Rs. 50,000 in the first 90 days of card issuance, the joining fee of the card is waived off i.e., on first year’s membership fees and on an expenditure of a minimum of Rs. 1.5 lacs in the preceding year, the annual renewal fee of the card is waived i.e., on second year onwards.
- Travel Benefits: As a travel benefits, you get 8 complimentary lounge access every year at domestic airports across India i.e., max 2 per quarter.
- Dining and Entertainment: You get 5% cashback on Paytm Movies & 20% discount via Dineout.
- Cashback Benefits: As Cashbank Benefit, you get 5% cashback on all purchases at Paytm, including Recharge, Utility, Movies, Mini App i.e., maximum cap is Rs. 1500 per month, 3% cashback on other select Paytm spends i.e., Ajio, Swiggy, Uber and BigBasket i.e., maximum cap is Rs. 500 per month and 1% cashback on other retail spends with the card, and the maximum cap is Rs. 2,000 per month.
- Fuel Surcharge Waiver: On your fuel transactions greater than Rs. 400, 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 Digital Credit Card Fees and Charges:
- The Joining fee charges are- Rs. 500.
- The Cash withdrawal fee, is 2.5% i.e., Rs. 500 of the withdrawn amount.
- 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% 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: Up to Rs. 100: Nil, Rs. 101 to Rs. 500: Rs. 100, Rs. 501 to Rs. 1,000: Rs. 500, Rs. 1,001 to Rs. 5,000: Rs. 600, Rs. 5,001 to Rs. 10,000: Rs. 750, Rs. 10,001 to Rs. 25,000: Rs. 900, Rs. 25,001 to Rs. 50,000: Rs. 1,100, More than Rs. 50,000: Rs. 1,300.
3. Paytm HDFC Digital Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Paytm HDFC Digital Credit Card are as follows:
- The age limit for applying for this card is minimum of 18 years of age.
- The cardholder should earn either through salary or through self-employed.
- 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 Digital Credit Card:
For Paytm HDFC Digital 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 Digital 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 Digital credit card online.
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