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HDFC Bank Paytm Select Business Credit Card
HDFC Paytm Select Business is the step-up card from Paytm and HDFC, adding a fixed allowance of domestic lounge access and higher 5% cashback on online shopping over the base Paytm Business card. It suits small and mid-sized business owners who travel domestically often enough to value the 12 annual lounge visits and want richer rewards across travel and utility spend.
Annual fee
₹500
Joining fee
₹1,000
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to business owners managing company spend with a credit score of roughly 720+ whose spend is concentrated in online shopping, travel. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 12 complimentary domestic airport lounge visits per year, no additional spend condition
Benefits by category
- ✈️ Travel
3% reward rate (capped ₹300/monthly) · 12 complimentary domestic airport lounge visits per year (roughly one per month), with no additional spend condition beyond holding the card
- 🛍️ Shopping
5% reward rate (capped ₹500/monthly)
- 🧾 Utilities
3% reward rate (capped ₹300/monthly)
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Minimum credit score: 720
- Minimum monthly income: ₹66,667
- Employment: self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Rewards redemption fee: Cashback is auto-credited as statement credit at no charge
- Foreign currency markup: 3%
- 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- Cash advance charges: 2.5% of the withdrawn amount or ₹500, whichever is higher; interest accrues from the date of withdrawal with no interest-free period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
- 12 complimentary domestic airport lounge visits per year (roughly one per month), with no additional spend condition beyond holding the card
- Complimentary Paytm First membership as a welcome gift, plus a ₹500 gift voucher for completing 4 transactions within the first 30 days of card issuance
Pros
- + 12 complimentary domestic lounge visits a year, roughly one per month, with no per-visit spend gate
- + 5% cashback on online shopping, higher than the base Paytm Business card's rate
- + 3% cashback on both travel and utility bill payments broadens the reward base
- + Complimentary Paytm First membership adds value across the Paytm ecosystem
- + ₹500 welcome voucher for early card usage within the first 30 days
Cons
- − Monthly reward caps limit value for businesses with heavier travel or online shopping spend
- − No international lounge access, unlike premium personal travel cards
- − ₹1,000 joining fee (₹500 from year two) for an incremental lounge and cashback upgrade over the base Paytm Business card
Best for