Paytm First Credit Card

By | August 16, 2020
Paytm First Credit Card

On May 14th, 2019 Citibank and Paytm officially launched its Co-branded Paytm First Credit Card on Visa network. Its an entry-level credit card that offer1% cashback on all spends without any restriction. Here are all details.

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 cashback
Paytm first credit card cashback

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, then 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 Paytm app, apart from Citi Bank Paytm First credit card statement, you can also check all transactions in PayTM App also.
  • Exclusive offers on dining, shopping & travel using Citi Privileges platform.
  • 1+1 Movie tickets
  • Complimentary One Year Paytm First Membership

Paytm first credit card offer-CITIFRIDAYS

Citi Bank Paytm First credit Movie Offers
Citibank Paytm First credit Movie Offers

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

Pros and Cons of Paytm First Credit Card

Pros

  • 1% cashback, better than other Entry-level credit cards.
  • Simple & straight reward redemption process
  • 1% cashback without any restrictions even on Utility Payment
  • No redemption Fees
  • No maximum cap on reward points monthly or Yearly
  • No need to full other T & C.

Cons

  • NO accelerated rewards points or cashback
  • No Bonus points
  • Limited to a few cities.
  • Application only through Paytm App

Paytm First Credit Card Eligibility Criteria

There are no eligibility criteria to apply for this credit card. Citi Bank and Paytm have jointly developed a selection tool to identify potential customers. This will help enable customers to own a credit card without requiring a prior credit history.

However as per current statics Citibank and Paytm offering this credit card to a customer who has good relations and transaction Paytm.

The Paytm First credit card is available only for selected customers, you can check you are eligible or not through Paytm App. You should also check your Address fall in Citi Bank serviceable area. Currently, this credit card is available on tier 2/3 cities as well

How to get Paytm First credit card

You can apply this credit card Paytm App( Check you app have latest version), You can get paytm first credit card apply link on Paytm App. Just click on link fill all the form and submit.

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 card was issued without Income Proof

Paytm first credit card offer- Apply Offer

If apply this credit 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.

Paytm first credit card Cashback Rs. 1000
Paytm first credit card Cashback Rs. 1000

Bottomline

Paytm first credit card is entry-level credit which gives 1% cashback on all spending without any restriction. This is an amazing card for those who do not credit card to date.

However, I would say ICICI Amazon Pay credit card has an edge over Paytm card for Amazon users because of its offer 5% back on Amazon.in for Amazon Prime customers.

Do you have Paytm Credit or thinking to apply the same. Please share your through on the comment box below.

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Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

2 thoughts on “Paytm First Credit Card

  1. Helena

    Thank you for interesting useful information! I also like cards with kashback and like to save my money. 🙂

    Reply

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