Paytm HDFC Bank Business Credit Card

HDFC Bank · Open to apply

HDFC's co-brand business card for Paytm customers. It pays CashPoints worth ₹1 each: 3% on Paytm recharges, utilities and movies, 2% on other Paytm spends and 1% on everything else, capped at ₹500, ₹500 and ₹1,000 a month, with a ₹250 voucher on activation and ₹500 on ₹1 lakh. The ₹500 fee is waived at ₹30,000 in 90 days and then at ₹50,000 a year.

Annual fee
₹500 + GST a year
Joining fee
₹500 + GST
Fee waiver
Annual fee waived on ₹50,000 spend per card year
Base rate
1% CashBack on all other spends: 1% in CashPoints (about 1% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • SmartBuy at IGP, Jockey and PharmEasy, 10% CashBack: 10% in CashPoints on top of the base rate (about 10% at cash value)
  • SmartBuy flights and hotels, 5% CashBack on top of the base: 5% in CashPoints on top of the base rate (about 5% at cash value)
  • SmartBuy at Myntra, Nykaa, redBus, Zoomcar, Apple (Imagine Tresor) and MakeMyTrip holiday packages, 5% CashBack: 5% in CashPoints on top of the base rate (about 5% at cash value)
  • SmartBuy instant brand vouchers, 5% CashBack: 5% in CashPoints on top of the base rate (about 5% at cash value)
  • 3% CashBack on Paytm recharges, utilities, movies and Mini App: 3% in CashPoints (about 3% at cash value)

Earns nothing on

  • No CashPoints on fuel
  • No CashPoints on rent (from 1 January 2023)
  • No CashPoints on education, including fees paid through third-party apps (from 1 January 2023)
  • No CashPoints on wallet loads
  • No CashPoints on EMI spends
  • No CashPoints on online skill-based gaming (from 1 July 2025)

Where the sources disagree

  • interest rate: The 2023 FAQ says revolving credit costs 3.6% a month; the MITC v4.15 gives 3.75% for all variants not named. The MITC is used.
  • fee for redeeming CashPoints against the statement: The 2022 feature notice says there is no handling charge for cashback redemption; MITC v4.15 charges ₹50 + GST for each cashback redemption request (from 1 August 2024) on every card except those it names. The MITC is used.
  • rent fee and DCC markup: The product page still says a 1% fee on rent from the second rental transaction of a month and a 1% DCC markup (January 2023 wording); MITC v4.15 charges 1% on every rent payment (cap ₹4,999) from 1 July 2025 and a 1.75% DCC markup from 15 May 2026. The MITC is used.

Terms the calculator does not value

  • SmartBuy: the accelerated earn chart applies to "all credit/debit cards" except Tata Neu ("The above offer may not be applicable for Tata neu / Tata neu infinity cards") and names no Paytm card, so the card is entered in its "Other credit card (CashBack)" column (5% flights and hotels, 10% IGP, Jockey and PharmEasy, 5% Myntra, Nykaa, redBus, Zoomcar, Apple Imagine Tresor, MMT holiday packages and instant vouchers, 1% ConfirmTkt; 1,000 a calendar month and a day). The card's own documents mention SmartBuy only for redeeming CashPoints and neither include nor exclude the accelerated offers. Counted only with the calculator's portal option on.
  • Insurance and groceries earn the base 1% under the card's own ₹1,000 a month cap ("1% CashPoints on all other Retail Spends Max. Cap per Calendar Month - ₹1000", product page), so no rule of their own is entered: their caps cannot bind below it. Groceries: "Effective 1st January 2023 ... Accruals on Grocery Spends will be capped at 1000 CashPoints per month" (product page) and MITC v4.15 clause m's 1,000 for "the rest of the cards", equal to the base cap that already covers them. Insurance: clause e, "With effect from 1st July 2025, Reward Points accrued for insurance transactions will have a maximum cap of ... 2000 per month for all other credit cards", looser than the base cap. Clauses e and m speak of Reward Points only, where clauses c, g and l say "Reward Points/CashPoints"; clause n's utility and telecom caps exempt "Paytm Business" by name ("the capping as per the product feature will continue to be applicable").
  • The 3% and 2% tiers apply only to purchases made on Paytm itself, identified by a list of Paytm merchant and terminal IDs (tagged Paytm Travel, Paytm Mall, Paytm Wallet, Paytm Others and SI). The 3% is entered on telecom, utility and entertainment spends with a `requires` that they are paid on Paytm; the 2% on other Paytm spends needs a profile that names Paytm, and Mini App spends are not matched.
  • The 1% tier is capped at ₹1,000 a month (₹12,000 a year) and the 3% and 2% tiers at ₹500 each; whether the caps count every CashPoint or only rupees of cashback is not stated, and they are entered as 500, 500 and 1,000 CashPoints.
  • Redemption "on 70% points plus 30% minimum pay" applies to select categories only; redemption against SmartBuy flights and hotels is also capped at 50,000 points a month. The Paytm First membership no longer comes with cards onboarded on or after 10 September 2024.

Sources

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