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HDFC Bank Paytm Business Credit Card
HDFC Paytm Business Credit Card is an entry-level business card for Paytm merchants and small business owners, earning 3% cashback on utility bill payments and 2% on online shopping including Paytm Mall purchases, with a modest annual milestone voucher on top. It's a reasonable first business card for Paytm-ecosystem sellers, though general spend outside its two bonus categories stays thin.
Annual fee
₹500
Joining fee
₹500
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to business owners managing company spend with a credit score of roughly 700+ whose spend is concentrated in utilities, online shopping. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
2% reward rate
- 🧾 Utilities
3% reward rate (capped ₹500/monthly)
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Rewards redemption fee: Cashback is auto-credited as statement credit at no charge
- Foreign currency markup: 3.5%
- Interest rate: 41.88% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between ₹400 and ₹1,00,000, capped at ₹250 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period
Benefits
- ₹500 gift voucher awarded on ₹1 lakh of non-EMI spend within a year, rewarding consistent annual card usage
Pros
- + 3% cashback on utility bill payments, a recurring cost for most small businesses
- + 2% cashback on online shopping, including Paytm Mall purchases
- + Low ₹500 fee, easily waived on ₹1 lakh of annual spend
- + ₹500 milestone voucher rewards consistent annual card usage
- + Accessible ₹15,000/month income requirement for self-employed applicants
Cons
- − Reward rate on general business spend outside the two bonus categories is thin at 1%
- − No lounge access or travel perks at this entry tier
- − 3.5% forex markup makes it unsuitable for overseas business spend