Paytm HDFC Credit Card is specially designed to cater to the needs of Paytm users. This card can be applied by Paytm users on the app itself. This card is offered in partnership with HDFC Bank. This card can be accessed both online and offline. Once the PIN is generated, the card can be used to make payments at any merchant establishment that accepts VISA payments. Once the card is enabled on HDFC’s website, you can also use it to make online and international transactions and to add funds to your Paytm wallet. Let us first know how to activate the same.
Features and Benefits
Mentioned below are the features and benefits of Paytm HDFC Credit Card:
- Get a cashback of 3% on purchases made on Paytm, such as recharges, paying utility bills, booking movies, etc., a maximum of up to INR 500 per calendar month.
- Get a cashback of 2% on all other select Paytm spends with a maximum capping of up to INR 500 per calendar month.
- Get a cashback of 1% on all other retail Spending with a maximum capping of INR 1000 per calendar month.
- Get up to 4 complimentary add-on cards.
- Register your card with SmartPay, i.e. a utility bill payment service of HDFC Bank, to ensure timely and convenient bill payments.
- In case of loss/ theft of your card, the same shall be reported on an immediate basis to the 24/7 customer support. There is no liability for fraudulent transactions once the loss has been reported.
- Get a waiver of 1% on fuel surcharge on a minimum transaction value of INR 400 and a maximum value of INR 5000. The maximum waiver amount is INR 250 per statement cycle.
- Get a Paytm First Membership.
- Get a cashback of 1% on INR 10000 spent a maximum of up to INR 100 per month.
- With the HDFC Lifetime Free Credit Card, one can get a waiver of fees on INR 30,000 spent within the first 90 days. Also, get a waiver on renewal fees when INR 50,000 are spent within a 12-month period.
How to Activate Paytm HDFC Credit Card?
HDFC credit card holders are required to activate their credit cards within 37 days from the card’s opening date. In case the credit card is not activated by the modes mentioned below, the credit card account will have to be closed by the bank as per the ‘Master Direction – Credit and Debit Card – Issuance and Conduct Directions, 2022’ dated April 21, 2022, realised by Reserve Bank of India (RBI).
Setting Up Credit Card PIN
- Through IVR:
- The card holders are required to call IVR No 1860 266 0333 to set their 4-digit credit card PIN.
- Enter the credit card number.
- Validate the same with the help of OTP received on the registered mobile number.
- Now, set the desired PIN.
Via Internet Banking
- Log into the internet banking.
- Click the tab “Cards”.
- Click on the tab “Change PIN”.
- Now, set your desired PIN. (available only for customers holding savings/salary/current accounts)
Enable the Contactless, Online, and International Transactions:
- Through MyCards:
- Open the official website of HDFC Bank, i.e. Mycards.hdfcbank.com.
- Login with the help of OTP.
- Link your credit card.
- Go to the tab “Card Control” to enable online, international, and contactless transactions.
- Via WhatsApp Banking:
- Firstly, save a number, i.e. 7070022222.
- Then, send an SMS “Manage My Credit Card” to enable online, international, and contactless transactions.
- Via Eva:
To interact with Eva’s chat assistant, firstly, choose your preferred language to go ahead.
- Through Credit Card Usage:
To activate the credit card, it can be used for at least 1 online or POS transaction.
- Through SmartPay Registration:
Add Billers to the credit card and then register for SmartPay with the help of standing instructions on the card.
Fees and Charges
Mentioned below are the fees and charges associated with the Paytm HDFC Credit Card:
| Fee type | Details |
| Monthly Fee | INR 500+ GST (waived off on spending INR 50,000 in a year) |
| Cash Advance Fee | 2.5% of the transaction amount or INR 500, whichever is higher |
| Foreign Exchange Markup Fee | 3.5% |
| Late Payment Charges | Less than INR 100: NILINR 100 to INR 500: INR 100INR 501 to INR 5,000: INR 500INR 5,001 to INR 10,000: INR 600INR 10,001 to INR 25,000: INR 800INR 25,001 to INR 50,000: INR 1,100More than INR 50,000: INR 1,300 |
Documents Required
Mentioned below is the list of documents required to apply for Paytm HDFC Credit Card:
- Passport-sized photograph
- Address proof copy
- ID proof copy
In case of any discrepancy found in the above-mentioned documents, an applicant might be required to present some additional documents like:
- Proof of possession of Aadhaar / printout of e-Aadhaar (not older than 30 days) / e-
- Certified copy of any Officially Valid Documents (OVD) may be accepted for opening new accounts (as Proof of Identity / Proof of Mailing Address),
- The letter by the National Population Register with the details of name and address
- Permanent Driving license
- Job card issued by NREGA duly signed by an officer of the State Government
- KYC (Biometric / OTP based)
- Passport
- Election /Voter’s card issued by Election Commission of India
Eligibility Criteria
Mentioned below are the eligibility parameters required to be fulfilled in order to apply for Paytm HDFC Credit Card:
- The minimum age of an applicant should be 18 years.
- The applicant should have a source of income with stability.
- The applicant may either be self-employed or salaried.
- The applicant should have a good credit score.
How do you apply for a Paytm HDFC Credit Card?
Mentioned below are the steps to apply for a Paytm HDFC Credit Card:
Step 1: Visit the HDFC’s official website to apply for a credit card.
Step 2: Under the tab “Borrow”, click “Credit Cards”.
Step 3: The applicant will then be redirected to a new page, where the list of all HDFC credit cards will be displayed on the screen.
Step 4: Under the “Lifestyle” section, choose “Paytm HDFC Bank Credit Card”.
Step 5: Click on “Apply Now”.
Step 6: Enter your mobile number along with your PAN number or date of birth.
Step 7: Now, enter the OTP that has been received on the registered mobile number.
Step 8: Fill out all the required details accordingly.
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