Paytm HDFC Bank Select Credit Card

HDFC Bank · Closed to new applicants

The premium Paytm co-brand cashback card: 5% CashPoints on Paytm spends (₹1,500 cap a month), 3% on Swiggy, AJIO, BigBasket and Uber (₹500 cap), 1% elsewhere (₹2,000 cap), with a ₹500 voucher for every ₹50,000 spent in a quarter and 8 domestic lounge visits a year, for ₹1,000 a year.

Annual fee
₹1,000 + GST a year
Joining fee
₹1,000 + GST
Fee waiver
Annual fee waived on ₹1,50,000 spend per card year
Base rate
1% on all other retail spends: 1 CashPoints per ₹100 (about 1% at cash value)
Lounges
Domestic: 8 visits a calendar year
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)
  • 5% on recharges, utility bills, movies and travel bought on Paytm: 5 CashPoints per ₹100 (about 5% at cash value)
  • 5% on Paytm (recharge, utilities, travel, movies and Mini App): 5 CashPoints per ₹100 (about 5% 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)

Earns nothing on

  • No CashPoints on fuel, wallet loads or EMI
  • No CashPoints on rent or education (from 1 January 2023)
  • No CashPoints on government-related payments
  • No CashPoints on online skill-based gaming (from 1 July 2025)

Where the sources disagree

  • whether the card is still sold: HDFC's product page and the MITC fee table still show the card, with an "Enquire Now" button to a Paytm page. Card Insider labels it "Discontinued" (page updated 19 May 2026). HDFC has not published a closure notice. Treated as closed to new applicants.
  • 2% on other Paytm spends: Paytm's landing page lists 5% on Paytm Mall, movies and Mini Apps, 2% on all Paytm spends and 1% on retail; HDFC's page lists 5% on Paytm recharge, utility, travel, movies and Mini App, 3% on four named brands and 1% on other retail, with no 2% tier. HDFC's page is used.
  • redemption handling fee: The Paytm T&C of 2022 says there is no handling charge when CashPoints are redeemed as cashback against the statement. The MITC v4.15 says ₹50 + GST on each cashback redemption request from 1 August 2024, with exemptions that do not include this card. 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 (product page, 2022 Paytm T&C) mention SmartBuy only for redeeming CashPoints and neither include nor exclude the accelerated offers. Counted only with the calculator's portal option on.
  • Insurance: MITC v4.15 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" (2,000 a day from 20 December 2019 till 30 June 2025, clause d), is not entered as a rule of its own. Insurance premiums are among this card's "other retail transactions" and earn the base 1% inside its own 2,000 CashPoints a month cap, which limits them at least as tightly; a separate insurance rule with its own cap would let insurance earn 2,000 on top. Clause e also speaks of Reward Points only, where clauses c, g and l say "Reward Points/CashPoints".
  • The 5% tier applies only to the merchant and terminal IDs HDFC lists for Paytm. Recharges, bills, movies and travel count through the Paytm route (switched on by the reader); Mini App and other Paytm purchases only as spend under the Paytm merchant.
  • Paytm's landing page for the card also lists 2% on all other Paytm spends; HDFC's product page does not, so it is not entered (see conflicts).
  • Paytm First membership and "benefits worth ₹75,000" on Paytm's landing page, and "up to 10% savings on personal spends of ₹8 lakh a year" on HDFC's page, are marketing totals with no terms and are not valued.

Sources

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