Axis Bank Shoppers Stop Credit Card vs Paytm HDFC Bank Business Credit Card: Which is Better in 2026?
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In short: both charge a ₹500 annual fee; both charge a 3.5% forex markup.
| Key facts | Axis Shoppers Stop | Paytm HDFC Business |
|---|---|---|
| Annual fee | ₹500 | ₹500 |
| Joining fee | ₹500 | ₹500 |
| Annual fee waived | On ₹1 lakh annual spend | On ₹50,000 annual spend |
| Top reward rate | 20 First Citizen Reward Points per ₹200 spent on Shoppers Stop Exclusive Brands | 3% Cashpoints on Purchases on Paytm |
| Base rewards | 2 First Citizen points on Every ₹200 | 1% Cashpoints on all other Retail Spends |
| Forex markup | 3.5% | 3.5% |
From issuer benefit data, checked 25 Oct 2026. Milestones, welcome benefits and caps are in the full table below.
Axis Bank Shoppers Stop Credit Card shows a stronger headline earn rate in the first reward band we surface. Always confirm current fees and offers on the issuer’s site before you apply.
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| Feature | Axis Bank Shoppers Stop Credit Card | Paytm Hdfc Bank Business Credit Card |
|---|---|---|
| Bank | Axis Bank | HDFC Bank |
| Network | MasterCard | Visa |
| Joining fee | Joining Fee of Rs.500 | Joining Fee of Rs.500 |
| Annual / renewal fee | Annual Fee - Rs.500 | Renewal Fee of Rs.500 |
| Annual fee waiver | Spend Rs.1 Lakhs For Annual Fee Waiver | Spend Rs.50000 For Renewal Fee Waiver |
| Top reward rate | Earn 20 First Citizen Reward Points per Rs.200 spent on Shoppers Stop Exclusive Brands | 3% Cashpoints on Purchases on Paytm |
| Base rate (other spends) | Earn 2 First Citizen points on Every Rs.200 | 1% Cashpoints on all other Retail Spends |
| Fuel surcharge waiver | 1% Fuel Surcharge Waiver | 1% Fuel Surcharge Waiver |
| Welcome benefit | Enjoy First Citizen Reward Points Worth Rs.300 | Activation Benefits - Enjoy Rs.250 Worth Gift Voucher |
| Milestone benefit | — | Get Rs.500 Gift Voucher on Spend Rs.1 Lakh |
| Foreign currency markup | 3.50% - Foreign Currency Transactions | 3.50% - Foreign Currency Transactions |
Which is better for rewards?
Axis Bank Shoppers Stop Credit Card shows a higher headline earn signal in the reward summaries we index (Earn 20 First Citizen Reward Points per Rs.200 spent on Shoppers Stop Exclusive Brands vs 3% Cashpoints on Purchases on Paytm). If you optimise for points or cashback on daily spend, start with that card’s reward bands — then model redemptions you actually use.
Which is better for travel?
Neither card clearly dominates on lounge data in our automated parse — or both are similarly strong. Use the lounge rows in the table and your own travel pattern (domestic vs international) to break the tie.
Which has lower effective cost?
Headline renewal fees are effectively the same in our extract (about ₹500 per year for each card, before waivers). The real difference is often waiver rules and how much you spend—use the waiver row and your own spend pattern to estimate net cost.
Who should pick Axis Bank Shoppers Stop Credit Card?
Consider Axis Bank Shoppers Stop Credit Card if you already bank with Axis Bank, and the fee, waiver and earn rows above line up with how you spend each month. Use CardChat on that card for deeper, personalised follow-ups.
Who should pick Paytm Hdfc Bank Business Credit Card?
Consider Paytm Hdfc Bank Business Credit Card if you already bank with HDFC Bank, and the fee, waiver and earn rows above line up with how you spend each month. Use CardChat on that card for deeper, personalised follow-ups.
Frequently Asked Questions
From the lounge fields in our benefit data: Axis Bank Shoppers Stop Credit Card — domestic: —; international: —. Paytm Hdfc Bank Business Credit Card — domestic: —; international: —. Guest rules, networks and visit caps change — confirm on the Axis Bank and HDFC Bank websites before you travel.
From the renewal-fee lines we index, the headline amounts are about ₹500 vs ₹500 per year before taxes and waivers. Campaigns and customer-specific pricing differ — use the comparison table and the Axis Bank and HDFC Bank websites for the final number.
On the first reward band we surface, Axis Bank Shoppers Stop Credit Card shows a stronger headline earn (Earn 20 First Citizen Reward Points per Rs.200 spent on Shoppers Stop Exclusive Brands vs 3% Cashpoints on Purchases on Paytm). Category bonuses, caps and redemption value decide real-world returns — map this to where you actually spend.
Axis Bank Shoppers Stop Credit Card: Spend Rs.1 Lakhs For Annual Fee Waiver Paytm Hdfc Bank Business Credit Card: Spend Rs.50000 For Renewal Fee Waiver Spend thresholds and anniversary rules change; confirm the latest T&Cs.
Axis Bank Shoppers Stop Credit Card: 3.50% - Foreign Currency Transactions Paytm Hdfc Bank Business Credit Card: 3.50% - Foreign Currency Transactions Lower published foreign-currency markup is usually better for overseas and foreign-currency online spend; confirm the live rate and exclusions on the Axis Bank and HDFC Bank websites.
Axis Bank Shoppers Stop Credit Card: Enjoy First Citizen Reward Points Worth Rs.300 Paytm Hdfc Bank Business Credit Card: Activation Benefits - Enjoy Rs.250 Worth Gift Voucher Welcome campaigns are time-bound — verify eligibility and fulfilment on the Axis Bank and HDFC Bank websites.