What is the annual fee of the Paytm HDFC Bank Select Business Credit Card?

Rs 500 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.

What is the forex markup on the Paytm HDFC Bank Select Business Credit Card?

3.5% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the Paytm HDFC Bank Select Business Credit Card?

Wallet loads, fuel, EMI, rent, government spends (page)

M16S / HDFC Bank / Paytm HDFC Bank Select Business Credit Card

entry · business, cobrand, cashback

Paytm HDFC Bank Select Business Credit Card

HDFC Bank · with PaytmLast checked 31 Oct 2026closed to new applicants

The Paytm HDFC Bank Select Business Credit Card costs Rs 500 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 1%. The forex markup is 3.5%. Lounge visits in India: 12 per calendar year (capped at 3 per quarter per HDFC's Paytm notice). Read from the issuer's documents and an aggregator on 31 Oct 2026.

Annual fee: Rs 500+ GST
Fee waived at: Rs 1,00,000annual spend
Base return: 1%
Forex markup: 3.5%
Interest: 3.75%a month

Fees

Joining fee	Rs 1,000
Annual feeunverified	Rs 500
Annual spend that waives the fee	Rs 1,00,000
Fee notes	Joining fee Rs 1,000 + taxes, waived on Rs 60,000 non-EMI spend within the first 90 days; renewal fee from year 2 Rs 500 + taxes per the product page, waived on Rs 1 lakh non-EMI spend in 12 months. HDFC's April 2023 Paytm notice page gives the annual fee as Rs 1,000 + GST.

Rewards

Welcome benefit	Rs 500 gift voucher on card activation (4 transactions in the first 30 days per HDFC's Paytm notice); complimentary Paytm First membership
Reward currency	CashPoints
Base earn	1% cashback on other retail transactions (fuel, EMI, rent, government excluded), per HDFC's April 2023 Paytm notice page; not restated on the product page
Base return	1%
Accelerated earn	5% on Paytm purchases (recharge, utility, movies, mini apps, travel); 3% on Swiggy, AJIO, BigBasket, Uber; 2% on other Paytm spends; 1% extra CashPoints on spending Rs 10,000 in a month (capped at Rs 100 per month)
Caps	Grocery cashback capped at 1,000 CashPoints per month; cashback redemption capped at 3,000 points per month; travel redemption 50,000 points per month (product page). Notice page: 5% tier Rs 1,500 per calendar month, 3% tier Rs 500, 1% tier Rs 2,000.
Spends that earn nothing	Wallet loads, fuel, EMI, rent, government spends (page)
Milestone benefits	Rs 1,000 gift voucher on Rs 2 lakh spend in a year
Reward notes	Cashback is credited as CashPoints redeemable against the statement balance; the page does not state a rupee value per CashPoint. Base return = 1%, assuming Re 1 per CashPoint as on the base card (not recomputed).

Travel and perks

Domestic lounge	12 per calendar year (capped at 3 per quarter per HDFC's Paytm notice)
International lounge	None stated
Forex markup	3.5%
Fuel surcharge waiver	1% fuel surcharge waiver (page); Rs 400-5,000 txn band, cap Rs 250 per cycle (MITC)
Other freebies	Paytm First membership; up to 50 interest-free days; personal accident insurance feature withdrawn from 1 Feb 2023 (notice page)

Charges and eligibility

Interest per month	3.75%
Late payment fee	On outstanding balance: up to Rs 100 nil; 101-500 Rs 100; 501-1,000 Rs 500; 1,001-5,000 Rs 600; 5,001-10,000 Rs 750; 10,001-25,000 Rs 900; 25,001-50,000 Rs 1,100; above 50,000 Rs 1,300 (MITC)
Cash advance fee	2.5% of amount, min Rs 500
Eligibility	Self-employed, Indian, age 21-65, annual ITR above Rs 8 lakh
Fine-print notes	Still listed on HDFC's business cards page; Card Insider marks the Paytm business cards discontinued. Issuer product page read 2026-10-12. Second issuer page used for this card: https://www.hdfc.bank.in/business-credit-cards/paytm-hdfc-bank-business-credit-card (Paytm cards notice, April 2023). The product page shows no discontinuation notice and still lists eligibility; aggregator marks the card discontinued, so status stays unverified. Forex markup is not stated. Conflicts (issuer page used): annual_fee: old 1000 (cardinsider table; also HDFC's April 2023 notice) vs product page 'renewal fee 2nd year onwards Rs 500'; kept in unverified_fields because two HDFC pages disagree \| accelerated_earn: old '5% on Paytm Mall; 3% on travel and standing-instruction bill payments' (cardinsider) vs page '5% on Paytm purchases, 3% on Swiggy/AJIO/BigBasket/Uber, 2% other Paytm'. Bank-wide charges per MITC: 1% fee on rent payments (cap Rs 4,999/txn); 1% on utility spends above Rs 50,000/month (Rs 75,000 on business cards); 1% on wallet loads above Rs 10,000/month (PayZapp exempt); 1% on fuel spends above Rs 15,000/month (Rs 30,000 business); 1% on online skill gaming above Rs 10,000/month; 1% on education paid via third-party apps; 1% + GST on railway tickets; 1.75% markup on INR transactions at overseas merchants from 15 May 2026. Points lapse if the card is unused for 365 days.

Questions

What is the annual fee of the Paytm HDFC Bank Select Business Credit Card?: Rs 500 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
Does the Paytm HDFC Bank Select Business Credit Card give airport lounge access?: Yes. In India: 12 per calendar year (capped at 3 per quarter per HDFC's Paytm notice). Outside India: none listed.
What is the forex markup on the Paytm HDFC Bank Select Business Credit Card?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Paytm HDFC Bank Select Business Credit Card?: Wallet loads, fuel, EMI, rent, government spends (page)