How to Increase Credit Limit on Paytm HDFC Bank Select Credit Card

Are you using Paytm HDFC Bank Select Credit Card? Want to Increase the credit limit? Then this is the right place. In this post we are going to show you How to Increase Credit Limit on Paytm HDFC Bank Select Credit Card.

Welcome to coinobear, In this post, we are going to show you How to Increase your Credit Limit on Paytm HDFC Bank Select Credit Card . Paytm HDFC Bank Select Credit Card Comes with a lot of exciting offers. Customers can make unlimited purchases at any merchant that accepts credit cards worldwide. Paytm HDFC Bank Select Credit Card is best fit for Shopping | enthusiast. Annual Fee: HDFC Bank charges an annual fee of Rs. 1,000 (plus applicable taxes) for Paytm HDFC Bank Credit Card..

 

Paytm HDFC Bank Select Credit Card Details

Card Name Paytm HDFC Bank Select Credit Card
Joining Fee Rs. 1,000 (plus applicable taxes)
Reward Type Cashback |
Fuel Surcharge 1% fuel surcharge waived off on fuel purchases of a minimum of Rs. 400 (maximum waived amount capped at Rs. 500 per month)
Apply Link Apply Here

 

Fees & Charges

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

Rs. 1,000 (plus applicable taxes)

What are the Welcome Benefits for Paytm HDFC Bank Select Credit Card?

Complimentary Paytm First membership

8 complimentary domestic airport lounge access across the country (max 2 per quarter).

Paytm HDFC Bank Select Credit Card Benefits & Rewards

Movie / Dining 

5% cashback on Paytm Mall/Movies/Mini apps, 2% cashback on all other spends on Paytm, 1% cashback on all other retail spends with the card (except spends on EMIs, fuel and wallet reloads)

Rewards Rate 

8 complimentary domestic airport lounge access across the country (max 2 per quarter).

Reward Redemption

Redeem your Cashpoints as Cashback along with other redemption options.

Travel Benefits for Paytm HDFC Bank Select Credit Card

Complimentary domestic airport lounge access

 

Airport Lounge Access

Domestic Lounge Access : 8 complimentary domestic airport lounge access every year (max 2 per quarter)

International Lounge Access : N/A

Insurance Cover

N/A

How to Increase Credit Limit on Paytm HDFC Bank Select Credit Card

1. Create a budget plan

Before you decide what to purchase with your credit card, you should first create a budget plan. Spend some time doing research on how much money you have to spend each month. Do not forget about other expenses like insurance, utilities, food, and gas. By taking these factors into consideration, you will be able to determine what kind of purchases you want to make with your card. If you do not have enough money left over at the end of the month, you may need to cut down on certain spending categories.

2. Decide which product you want

After you have determined your monthly income, you can then choose what type of products you want to buy using your card. Take note of your personal preferences by looking at reviews online and reading customer opinions. You could even consider buying various samples in order to learn more about them before making a final decision.

3. Make sure you’re not paying interest

If you pay off your balance in full each month, you will avoid paying interest charges. However, if you carry a balance, you will incur additional fees. Always check the terms and conditions of your credit cards to find out what they offer.

4. Keep track of your spending

You should keep track of your spending and use the information to help you stay on top of your finances. Write down everything that you spend money on, including any receipts and items purchased online. Once you have done this, try to reduce unnecessary spending. As soon as you notice yourself starting to overspend, write down the amount you spent and add the item to a list of things you wish to get rid of.

5. Avoid impulse buys

Impulse buys are purchases without prior planning. These are purchases that you cannot wait to make, even if it means having to sacrifice something else. When you are tempted to make an impulsive purchase, take a moment to ask yourself whether this really is necessary. If you still feel compelled to go ahead with your purchase, try delaying the transaction until later.

6. Manage your credit score

If you want to increase your limit on your credit card, you will need to maintain a good credit score. To improve your credit score, start by monitoring your payments. Try to repay all of your bills on time and do not exceed your limits. In addition, look for ways to lower your debt-to-income ratio. Your ratio is calculated by dividing the total amount of debt you owe by your gross annual income. A higher ratio indicates less financial responsibility. Paying down your debts can greatly improve your credit score.

 

Our thoughts

Increasing Card Limit on Paytm HDFC Bank Select Credit Card totally depends on your previous relationship with your bank, credit history, and payment time.  If we missed anything please let us know in the comment section

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