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HDFC Bank Revises Features for Paytm Credit Cards wef April 1, 2023

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HDFC Bank Paytm credit cards are one of the most popular credit cards in the market issued by HDFC bank. These cards offer exciting benefits for spending with Paytm. Now HDFC & Paytm are updating some of their features & annual membership fees of these few cards from April 1, 2023. These changes are mostly related to the maximum cashback which we can earn in particular categories of brands. Earlier there was no capping, but now a maximum cap on cashback earnings has been added in most of the categories. Read the article to know more about these revised features by HDFC and Paytm-

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Paytm HDFC Bank Credit Card

Current Features Revised Features
  • 3% Cashback on all purchases from Paytm (mall + movies + mini apps)
  • 3% on every purchase with Paytm (movies + mini apps + recharge + utilities)
  • Max. cap on every calendar month is Rs.500
  • On the other Paytm spends – 2%
  • 2% cash back on every other Paytm spend
  • Max. cap on every calendar month is Rs.500
  • 1% cashback on retail transactions which excludes fuel, EMIs, Rental, Government spending
  • 1% cashback on retail transactions which excludes fuel, EMIs, Rental, Government spending
  • Max. cap on every calendar month is Rs.1000
  • Monthly fee waiver on retail spends worth Rs.5000 in a month (non-EMIs)
  • Upon spending Rs.30000 (non-EMIs) within the initial 3 months, waives off the firs-year fee
  • Renewal fee waived on spending Rs.50000 (non-EMIs) in 12 months 
  • Monthly membership fee – Rs 49 + GST
  • Annual Membership Fee – Rs.500 + GST

Paytm HDFC Bank Select Credit Card

Current Features Revised Features
  • 5% Cashback on all purchases from Paytm (mall + movies + mini apps)
  • 5% on every purchase with Paytm (movies + mini apps + recharge + utilities + travel)
  • Max. cap on every calendar month is Rs.1500
  • On the other Paytm spends – 2%
  • 3% cashback on categories like Swiggy, AJIO, Big Basket, and Uber
  • Max. cap on every calendar month is Rs.500
  • 1% cashback on retail transactions which excludes fuel, EMIs, Rental, Government spending
  • 1% cashback on retail transactions which excludes fuel, EMIs, Rental, Government spending
  • Max. cap on every calendar month is Rs.2000

Paytm HDFC Mobile Credit Card

Current Features Revised Features
  • 2% Cashback on all purchases from Paytm (mall + movies + mini apps)
  • 3% on every purchase with Paytm (movies + mini apps + mall)
  • Max. cap on every calendar month is Rs.250
  • On the other Paytm spends – 1%
  • 2% cash back on other Paytm spends
  • Max. cap on every calendar month is Rs.250
  • 0.5% cash back on other retail transactions which exclude fuel, EMIs, Rental, Government spending
  • 0.5% cashback on retail transactions which excludes fuel, EMIs, Rental, Government spending
  • Max. cap on every calendar month is Rs.500
  • Monthly fee waiver on retail spends worth Rs.2500 in a month (non-EMIs)
  • Upon spending Rs.1000 (non-EMIs) within the initial 3 months, waives off the firs-year fee
  • Renewal fee waived on spending Rs.25000 (non-EMIs) in 12 months
  • Monthly membership fee – Rs 29 + GST
  • Annual Membership Fee – Rs.149 + GST

Paytm HDFC Bank Business Credit Card

Current Features Revised Features
  • 3% Cashback on all purchases from Paytm (mall)
  • 3% on every purchase with Paytm (movies + mini apps + recharge + utilities)
  • Max. cap on every calendar month is Rs.500
  • Cashback of 3% on monthly bill payments on the Paytm App
  • 2% cashback on all Paytm Spend
  • Max. cap on every calendar month is Rs.500
  • 1% cash back on other retail transactions which exclude fuel, EMIs, Rental, Educational spending
  • 1% cashback on retail transactions which excludes fuel, EMIs, Rental, Educational spending
  • Max. cap on every calendar month is Rs.1000
  • Cash Advance Fee reversed for the first transaction (max Rs. 500)
  • The feature will be disabled from 1 April 2023

Paytm HDFC Bank Select Business Card

Current Features Revised Features
  • 5% Cashback on all purchases from Paytm (mall)
  • 5% on every purchase with Paytm (movies + mini apps + recharge + utilities)
  • Max. cap on every calendar month is Rs.1500
  • Cashback of 3% on monthly bill payments on the Paytm App
  • 3% cashback on categories like Swiggy, AJIO, Big Basket, and Uber
  • Max. cap on every calendar month is Rs.500
  • 1% cash back on other retail transactions which exclude fuel, EMIs, Rental, Government spending
  • 1% cashback on retail transactions which excludes fuel, EMIs, Rental, Government spending
  • Max. cap on every calendar month is Rs.2000
  • Upto 30 Lakhs of Personal Accidental death Insurance (according to the activation and spends)
  • The feature was disabled from 1 February 2023

Read More: HDFC Bank Revises Credit Cards Reward and Fees Structure Effective From January 2023

Bottom Line

These updates are generally in line with the changes in various cashback cards in the industry. The maximum cap introduced in various categories won’t affect general consumers, though it may be a setback for those who spend high amounts on Paytm via HDFC cards.

In case you are a user of an HDFC Paytm credit card, be it a consumer card or a business card, being updated on the features will surely come in handy in the future. Moreover, keeping an open mind on the changes towards the revised features as they do broaden the horizon on the payments and the cashback rates which will come into effect from 1 April 2023.

Any doubts please ask in the comment section below. We will gladly answer any queries.

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