Paytm HDFC Bank Select Business Credit Card

HDFC Bank · Open to apply

HDFC's upper co-brand business card for Paytm customers (ITR above ₹8 lakh). It pays CashPoints: 5% on Paytm recharges, utilities, movies, Mini App and travel, 3% on Swiggy, AJIO, BigBasket and Uber, and 1% on everything else, with monthly caps of ₹1,500, ₹500 and ₹2,000, plus 12 domestic lounge visits a year and a ₹1,000 voucher on ₹2 lakh. The ₹1,000 fee is waived at ₹1 lakh a year.

Annual fee
₹1,000 + GST a year
Joining fee
₹1,000 + GST
Fee waiver
Annual fee waived on ₹1,00,000 spend per card year
Base rate
1% CashBack on all other spends: 1% in CashPoints (about 1% at cash value)
Lounges
Domestic: 3 visits a calendar quarter
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)
  • 5% CashBack on recharges, utility bills, movies and travel booked on Paytm: 5% in CashPoints (about 5% at cash value)
  • 5% CashBack on other purchases on Paytm: 5% in CashPoints (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
  • No CashPoints on rent or government payments
  • No CashPoints on wallet loads
  • No CashPoints on EMI spends
  • No CashPoints on education fees paid through third-party apps (from 1 September 2024)
  • No CashPoints on online skill-based gaming (from 1 July 2025)

Where the sources disagree

  • renewal fee: The product page says the membership renewal fee from the second year is ₹500 (waived on ₹1 lakh of spend); the MITC v4.15 fee table and the April 2023 notice give ₹1,000 as the annual fee. The MITC is used.
  • milestone benefit: The page's top summary and the April 2023 notice say a ₹1,000 gift voucher on ₹2 lakh of spend in a year; a box at the foot of the page shows "1% cashpoints upon spending ₹10,000 every month (capped at ₹100 a month)", which matches the consumer Paytm card. The voucher is used.
  • 2% tier on other Paytm spends: The product page lists "2% CashBack on all other Paytm spends" next to the 3% on Swiggy, AJIO, BigBasket and Uber; HDFC's 1 April 2023 notice for the Select Business card replaced the 2% (3% on Paytm standing instructions) with the 3% accelerated merchants. The notice is used and the 2% is not entered.

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: 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 purchases made on Paytm itself, identified by a list of Paytm merchant and terminal IDs. It is entered on telecom, utility, entertainment and travel spends as the Paytm route (paytm-app), which the calculator counts only when the Paytm payment route is switched on; Mini App spends are not matched. The 3% merchants are matched wherever they are used; HDFC's list may be longer.
  • No reward T&C or FAQ for this card is published: HDFC's page links the Paytm HDFC Bank Business Credit Card FAQ in place of its own. The tier rates and caps come from HDFC's 1 April 2023 notice and the product page, and the lounge and welcome terms (spend or transaction conditions, validity) are not documented further.
  • The page says "Save up to 10% on your Business and Personal spends of ₹8 lakh in a year"; the ₹1,000 voucher, lounge visits and a Paytm First membership are not valued by HDFC except the voucher.

Sources

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