Paytm HDFC Bank Mobile Credit Card

HDFC Bank · Closed to new applicants

The entry Paytm co-brand cashback card: 2% on Paytm Mall, movies and Mini App spends (₹250 cap a month), 1% on other Paytm spends (₹250 cap) and 0.5% elsewhere (₹500 cap), for ₹149 a year, waived at ₹25,000. Spending ₹10,000 in three months lets holders upgrade to the Paytm HDFC Bank card.

Annual fee
₹149 + GST a year
Joining fee
₹149 + GST
Fee waiver
Annual fee waived on ₹25,000 spend per card year
Base rate
0.5% on all other retail spends: 0.5 CashPoints per ₹100 (about 0.5% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 24 Oct 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)
  • 2% on Paytm purchases (Mall, movies and Mini App): 2 CashPoints per ₹100 (about 2% at cash value)

Earns nothing on

  • No cashback on fuel, wallet loads or EMI
  • No cashback on rent or government spends
  • No cashback on online skill-based gaming (from 1 July 2025)
  • No cashback on education fees paid through third-party apps (from 1 September 2024)

Where the sources disagree

  • whether the card is still sold: HDFC's product page is live with Apply Now and the MITC fee table still carries the matching Digital card row. Card Insider labels the card "Discontinued" (page updated 19 May 2026). HDFC has not published a closure notice. Treated as closed to new applicants.
  • joining fee waiver window: The product page and the MITC versions of January 2025 and March 2026 say ₹1,000 within 30 days; the MITC v4.15 says within 40 days. The MITC v4.15 is used.
  • card name: HDFC's product page calls the card Paytm HDFC Bank Mobile Credit Card; the MITC lists "Paytm HDFC Bank Digital Credit Card" at ₹149 a year with the same waiver amounts. The two are treated as one card.

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 product page does not mention SmartBuy, and the 2022 Paytm T&C mentions it only for redeeming CashPoints. Counted only with the calculator's portal option on.
  • Insurance, groceries, utilities and telecom earn the base 0.5% under the card's own 500 CashPoints a month cap ("0.5% CashBack on all other retail transactions Max. Cap per Calendar Month - ₹ 500", product page), so no rule of their own is entered: every MITC v4.15 category cap is looser and cannot bind. Groceries: the page's "Cashback earned on Grocery Spends will be capped at ₹1,000 cashpoints per month" and clause m's 1,000 for "the rest of the cards" (from 1 January 2023). Insurance: clause e, 2,000 a month "for all other credit cards" from 1 July 2025. Utilities and telecom: clause n caps them at 2,000 a month from 1 September 2024, but "For Millennia, UPI, BIZ UPI, Swiggy, BIZ First, Paytm, Paytm Business ... the capping as per the product feature will continue to be applicable" (the MITC fee table uses "Paytm HDFC Bank" for the base Paytm card and lists this one as "Paytm HDFC Bank Digital Credit Card", so the exception may not name it; the cap cannot bind either way). Clauses e, m and n speak of Reward Points only, where clauses c, g and l say "Reward Points/CashPoints". Bills and recharges paid on Paytm earn the Paytm tier instead.
  • The 1% tier on "all other Paytm spends" (capped at ₹250 a month) is not separated from the 2% tier on Paytm Mall, movies and Mini App spend; the calculator has no Paytm spend lines, so only spend entered under the Paytm merchant gets either rate.
  • Spending ₹10,000 of non-EMI, non-rental spend in 3 consecutive months lets a holder upgrade to the Paytm HDFC Bank Credit Card. The upgrade is not valued.
  • An FAQ on the product page says Paytm Mobile members get free annual memberships (Club Marriott, MMT Black, Swiggy One, Amazon Prime, Times Prime Smart, Forbes Digital) on spending ₹1.5 lakh within 90 days. This sits oddly with a ₹149 card whose own benefit list has no such offer, so it is not entered.

Sources

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