Paytm HDFC Select Credit Card Vs. Paytm SBI Card SELECT
Paytm HDFC Select Credit Card
Paytm SBI Card SELECT
Comparison of Paytm HDFC Select Credit Card and Paytm SBI Card SELECT
Feature
Paytm HDFC Select Credit Card
Paytm SBI Card SELECT
Annual Fee
₹1,000 + GST (~₹1,180)
₹1,499 + GST
Joining Fee
₹1,000 + GST (~₹1,180)
₹1,499 + GST
Welcome Benefits
Complimentary Paytm First membership worth ₹750 on making minimum one transaction of ₹100 within one year of card issuance.
Receive ₹750 cashback along with complimentary Paytm First Membership upon first successful retail transaction on the card.
Interest Rate (APR)
3.6% per month (43.2% annually)
N/A
Foreign Currency Markup
3.5% + GST (~4.13%)
N/A
Key Highlights
•Welcome Bonus
•Accelerated Cashback
•Accelerated Cashback on Paytm
•Cashback on Partner Brands
•Complimentary Lounge Access
•Quarterly Milestone Benefit
•Fuel Surcharge Waiver
•Dining Discounts
•Enhanced Paytm Rewards
•Welcome Benefits
•Airport Lounge Access
•Milestone Benefits
•Fuel Surcharge Waiver
Dos
Use the card on Paytm platform to earn 5% Cashpoints (1,500 cap/month)
Shop on partner brands like Swiggy and Uber for 3% Cashpoints
Spend ₹50,000 in first 90 days to get joining fee waived
Spend ₹1.5 lakh annually to get renewal fee waived
Track your Cashpoints balance regularly and plan redemptions
Use the card primarily for Paytm platform transactions to maximise reward points and leverage accelerated earning rates and premium benefits
Pay credit card bill on time and in full to avoid interest charges, maintain excellent credit score, and qualify for future limit enhancements
Regularly check Paytm Wallet balance to track credited gift vouchers and redeem them strategically before making purchases on the platform
Utilise the Paytm app's digital card management features like spend analyser, lock/unlock, and category tracking for better financial control
Plan travel strategically to maximise the 4 domestic lounge visits and Priority Pass Membership for international lounges, enhancing travel comfort
Don'ts
Avoid exceeding your credit limit to prevent overlimit charges
Don't miss the minimum payment to avoid late fees and credit score impact
Ignore the quarterly spending thresholds for gift vouchers and lounge benefits
Share your card details, PIN, OTP, or CVV with anyone
Use the card for cash advances unless absolutely necessary due to high fees
Avoid overspending beyond repayment capacity just to reach milestone targets or chase fee waiver thresholds without proper financial planning
Do not miss the minimum payment due date as it attracts late payment fees, high interest charges, negative credit score impact, and potential credit limit reduction
Ignore transaction alerts or SMS notifications as they help detect fraudulent transactions early, monitor spending patterns, and track milestone progress
Share card details, CVV, OTP, PIN, or Paytm login credentials with anyone, including those claiming to be bank or Paytm representatives
Use the card for cash advances unless absolutely necessary as they attract high fees, interest charges from day one, and do not earn reward points
