Paytm HDFC Bank Select Business Credit Card

Joining fee

₹1,000 + GST

Renewal fee

₹500 + GST₹500 plus Applicable Taxes per year from 2nd year onwards

Fee waiver rule

On annual spends of ₹1 lakh (non-EMI spends) in the 12-month period, renewal fee is waived off on Paytm HDFC Bank Select Business Credit Card.

Add-on card fee

₹0Lifetime Free

Welcome benefit

Complimentary Paytm First Membership

Reward rate

2% CashBack on all other Paytm spends.

EMI spend earning

Cashback is not applicable for wallet loads, fuel spends, EMI spends, rental spends, and government spends.

Groceries earning

3% Cashpoints on Swiggy, AJIO, Big Basket & Uber.

Online earning

5% CashBack on all purchases across Paytm.

Rent earning

With effect from 1 st Jan 2023, Rent payments will not earn Reward Points /CashPoints on all the cards.

Reward exclusions

Cashback is not applicable for wallet loads, fuel spends, EMI spends, rental spends, and government spends

Reward caps

Cashback redemption capped at 3000 points per month effective 1st February 2023

Cashback redemption

Cashback redemption will be capped at 3000 points per month, effective 1st February 2023

Redeeming points for travel

Redemption of Travel Cashback Points will be capped at 50,000 points per month.

Statement-credit redemption

CashPoints can be redeemed against statement balance.

Point expiry

Reward Points /CashPoints are valid only for 2 years from the date of accumulation

Domestic lounge access

12 complimentary accesses to Domestic Airport Lounges in a calendar year.

Milestone benefits

Gift Voucher worth ₹1000 on spends of ₹2 lakh in a year; 1% cashpoints upon spending ₹10,000 every month (Capped at ₹100 per month)

Fuel surcharge waiver

1% fuel surcharge waived off on fuel transactions.

Surcharge on railway tickets

1% of transaction amount + GST on railway ticket purchases

Lost card liability

The cardmember is wholly liable for all transactions prior to reporting the loss of the card; after the bank receives proper notification of the loss, the cardmember's subsequent liability is zero.

Balance transfer terms

1% processing charge

Forex markup

3.5% on foreign currency transactions.3.50% of transaction value

Dynamic currency conversion markup

With effect from 15th May 2026, a Markup fee of 1 .75 % will be levied on all transactions carried out in Indian Currency at an international location or at merchants which are located in India but registered overseas

Cash advance fee

2.5% or ₹500 whichever is higher.

Cash advance interest

All cash advances also carry a finance charge equal to charges on revolving credit, from the date of withdrawal until the date of full payment

Cash withdrawal limit

Cash withdrawal limit: 40% of the Credit Limit.

Interest on unpaid balance

3.75% per month (i.e., 45% per annum)

Interest-free period

Interest-free Credit Period of up to 50 Days

Over-limit fee

Over-limit charge of 2.5% of the overlimit amount, subject to a minimum of ₹550, applicable on total outstanding exceeding the credit limit, basis explicit consent

Payment return or dishonour fee

2% of Payment amount subject to minimum of ₹450 (applicable for cheque payment return or unsuccessful payment attempt through Autopay facility)

Statement or duplicate statement fee

Duplicate physical statement charges: ₹10 per duplicate physical statement.

Card replacement fee

₹199 for non-metal cards; ₹3,500 for metal cards.

Cash payment / cash deposit fee

₹100 for all card payments made by depositing in HDFC Bank branches or ATMs.

Education / school fee charge

1% fee on education transactions done through third party applications like (but not limited to) CRED, Nobroker, Cheq etc., capped at ₹4999 per transaction; education transactions done directly through college / school websites or through POS machines at their premises, and international education transactions, will not be charged.

EMI conversion fee

Smart EMI processing fee upto ₹849 (exclusive of GST for all loan amounts), depending on the customer’s eligibility/offer details; EasyEMI processing fee: an EMI processing fee of upto ₹299 for customers availing EMI facility at merchant

Fee for paying the bill by cheque

2% of the payment amount (minimum ₹450)

Fee on online skill-based gaming spends

From 1st July 2025, 1% fee on online skill-based gaming spends exceeding ₹10,000 in a calendar month; fee applied on the total online skill-based gaming spends in the calendar month; fee capped at ₹4999 per month

Foreign ATM fee

Cash from ATMs in India or abroad: transaction fee of 2.5% or ₹500, whichever is higher, levied on the amount withdrawn and billed in the next statement.

Reward redemption fee

₹99 + GST per catalogue redemption request

Wallet load charge

From 1st July 2025, 1% fee on wallet loading spends (excl PayZapp) exceeding ₹10,000 in a calendar month; fee applied on the total wallet loading spends in the calendar month; fee capped at ₹4999 per month

Fuel transaction fee

1% fee on fuel transactions exceeding ₹15,000 for consumer cards (₹30,000 for business cards); fee applied on the total transacted amount; fee capped at ₹4999 per transaction.

Rent transaction fee

1% fee on transaction amount will be levied on rental transactions. Fee capped at ₹4999 per transaction.

Utility transaction fee

1% fee will be levied on Utility spends exceeding ₹75,000 per Calendar month for business cards. Fee capped at ₹4999 per month

GST note

GST is applicable on all Fees, Interest, and other Charges

Minimum amount due

MAD (WEF June’25) = Total GST + EMI amount + 100% of Fees/Charges + Overlimit Amount (if any) + 5% of (Finance Charge + Retail Spends + Cash Advance) when that 5% is higher than the Finance Charge; otherwise 100% of Finance Charges + 5% of (Retail Spends + Cash Advance)

Age the primary cardholder must be

21–65 years

Income requirement

Annual ITR: > ₹8,00,000

Income, self-employed

Self-Employed: Annual ITR > ₹8,00,000.

Documents required

Identity, address, photograph and KYC/AML documents required.

Residency

Indian