Citi Bank Paytm First Credit Card Review

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On May 14th, 2019,

Citibank and Paytm officially launched their Co-branded Paytm First Credit Card on the Visa network. It’s an entry-level credit card that offer1% cashback on all spends without any restriction. Here is a detailed review of this credit card.

Update: Please check out the latest review of this card here: Citi Bank Paytm First Card Review(Upgraded)

Citi Bank Paytm First Credit Card Joining and Annual Fees

• Joining Fees: NIL
• Annual Fees: Rs. 500

Annual Fees of Rs. 500 will be waived off on spends of Rs. 50,000 or more in the previous year.

Paytm first credit card benefits

This credit card comes with a default rewards rate of 1% cashback without any restriction. 1% cashback will be auto-credited in the next statement. You can see in the below photo cashback has been credited in the next statement without any restriction. Even on Rent payment through CRED ( Dreamplug), cashback has been given.

Paytm first credit card features

This credit is a Co-branded entry-level credit card, so we should expect great features. Below are the minimal features.

• This credit is issued on the Visa Network and acceptable across the world. International transactions are disabled by default as per RBI guidelines. If you want to use this credit for international transactions, you need to first switch-on for the international transactions through CITIBABK Mobile App or Netbanking.
• Citi Bank Paytm First credit also offer low-interest rate on Equated Monthly Installment (EMI) options.
• Seamless integration with the Paytm app, apart from Citi Bank Paytm First credit card statement, can also check all transactions in PayTM App.
• Exclusive offers on dining, shopping & travel using the Citi Privileges platform.
• 1+1 Movie tickets
• Complimentary One Year Paytm First Membership

Paytm first credit card offer-CITIFRIDAYS

Using the Promo code ‘CITIFRIDAYS’ you can book a minimum of two tickets every Friday, Buy one ticket, and get one movie ticket free on using Paytm First Credit card however a total discount is limited to Rs. 300/-

The promo code can be used to book movie tickets for any show-date. However, the transaction using promo-code can be made only on Fridays

Check other T & C

Here is my experience for apply for paytm first credit card.

1. Day First- Applied through Paytm App
2. Day Second-Verification call received the next day, they enquired about Company name, salary, Office Address, and Office address.
3. Day Third -Handed over PAN card and Addhar Card to Citi Bank Agent on 3rd days. He did not ask about Salary SLIP or Income Proof.
4. Day Fourth– Again verification call received
5. Day Fifth– Email received that application has been approved and the 9th Day card received. Paytm first credit card application status was also showing on Paytm App.

The card was received delivered through Blue Dart Courier. The credit card limit is Rs. 60,000 which is quite good considering the card was issued without Income Proof

Paytm first credit card offer- Apply Offer

If you apply for this credit from 1st August to 31st August, you will get Rs. 1000 cashback, the only condition is that you should spend Rs—5000 with your new Paytm First card within 30 days of card issuance.

Cashback will be credited to your credit card account within 90 days of fulfilling the eligibility criteria on a best effort basis. The timeline provided for cashback is only indicative of
the expected period and may differ from the actual date. See Cash Photo which I have received.

Bottomline

Do you have any queries in this regards?……, Kindly ask in the comment box below.