Paytm HDFC Bank Select Credit Card

Movie & Dining

5% cashback on Paytm Movies & 20% discount via Dineout

Rewards Rate

5% cashback on all spends on Paytm Mall/Movies/Mini app, 3% accelerated cashback on select brands like Ajio, BigBasket, Swiggy & Uber, 1% cash back on all other eligible retail spends

Reward Redemption

Redeem your Cashpoints as Cashback along with other redemption options.Re.1 Cashpoint =Re.1 Cashback for redemption against the statement balance. Re.1 Cashpoint = Re.0.3 for redemption against travel benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal.

Travel

Complimentary domestic airport lounge access

Domestic Lounge Access

8 complimentary domestic airport lounge access every year (max 2 per quarter)

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

5% Paytm Mall Cashback

The credit card offers a lucrative 5% cashback on all purchases made at Paytm Mall, Paytm Movies, or via the Paytm Mini app. Whether you're shopping online, booking movie tickets, or using the mini app for various services, you can benefit from the cashback. The cashback amount will be automatically credited to your card account, reducing your overall credit card expenditure.

2% Paytm Spends Cashback

On all other transactions done through Paytm, the cardholders can enjoy a 2% cashback. This includes any payments, purchases or bookings made via the Paytm platform, aside from the Paytm Mall, Movies or Mini app. The cashback thus earned can help you save on your regular spends and manage your financial expenses effectively.

1% Retail Spends Cashback

The credit card also offers 1% cashback on all other retail spends. This means any transaction made at retail outlets using this card would earn you cashback, providing you with an opportunity to save on your everyday shopping costs. The cashback is credited back to your card, reducing your monthly credit card bill.

Complimentary Airport Lounge Access

This credit card offers 8 complimentary domestic airport lounge accesses per year. This can be availed at various airports across the country, with a limit of 2 per quarter. Whether you're travelling for business or leisure, you can enjoy the comfort and luxury of airport lounges, offering a tranquil space to relax and refresh before your flight.

Quarterly Gift Vouchers

The card offers gift vouchers worth Rs. 500 on achieving a quarterly expenditure of a minimum of Rs. 50,000. This encourages cardholders to use their card for a variety of transactions, with the added bonus of receiving a gift voucher. The voucher can be redeemed at selected outlets, providing additional value to your credit card spends.

Joining Fee Waiver

The joining fee for the credit card is waived off if the cardholder spends a minimum of Rs. 50,000 within the first 90 days of card issuance. This feature allows new card users to save on the initial cost of acquiring the card, providing a financial benefit right from the start.

Annual Fee Waiver

The card’s annual membership fee, from the second year onwards, is waived if the cardholder spends a minimum of Rs. 1.5 lacs in the preceding year. This encourages regular use of the card, and also provides a significant cost saving to the cardholder, making the card a cost-effective choice for regular spenders.

Most premium variants out of the HDFC Paytm co-branded cards

5% cashback on Paytm purchases, and 2% cash back on other spends made via Paytm

8 complimentary domestic lounge access, max twice per quarter

Milestone benefits could have been better

The rate of cashback is just 1% on non-Paytm spends

There are several better cards at Rs. 1000 membership fees