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-
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)
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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