PayTm a survival kit during demonetization for every common man in India. Almost every person in India having Paytm mobile app in their mobile phones.
You don’t require a fixed deposit for your credit card, there are around 230 million users of Paytm in India. Paytm launches the credit card as a beginner credit card with a low annual fee to enhance the number of users.
Paytm First Credit Card in partnership with Visa & Citi bank, introduced in India.
Also Read: Ola Money SBI Credit Card
Paytm First Credit Card Benefits and Features
- Get 1% cashback on all transaction, which will be automatically credited after the monthly bill generation (Great deal).
- You can enjoy a 15% discount with a partner restaurant.
- Annual Membership Fee – ₹ 500 (which was waived off on spending of ₹ 50,000 annually)
- Additional Benefits:- After spending of ₹ 10,000 from your Paytm First Credit Card within the first 4 months of being issued the card you will get promo code of ₹ 10,000.
- You can view all your transaction details on the Paytm passbook. (similar to Paytm Postpaid).
Citi bank can grab the bunch of customers with a different variant of the model. This will definitely boost the credit card business of Citi bank.
How to Apply for Paytm Card
Paytm and CitiBank built a selection tool to assess the creditworthiness of the account holders. This will help enable customers to own a credit card without requiring a prior credit history.
Currently, Paytm Credit Card is available for selected customers, check your mobile App.
Get “Paytm First” at ₹ 750 annually with an inaugural cashback worth ₹ 100 for a limited time. Your effective price will be ₹ 650 for 1st year. Paytm First customers will enjoy a wide range of exclusive benefits from leading partnered brands for the entire year.
I check my Paytm mobile app.
FAQ on Paytm First Citi card
# How can you get your Paytm First Credit card?
Answer: The Paytm First Credit card is available on the latest version to the selected customers due to huge demand and traffic. For the lucky customers, you can click on the Paytm First card icon and process the form by filling all your KYC details and submit, Once you get the approval you will get your Citi Paytm First Credit card on your mailing address.
# Where to use Paytm First Credit card?
Paytm First Credit card is just like a normal credit card, This card can be used both online and offline, you can also use it to make payment at merchant shopkeeper.
# Why Paytm First Credit card is beneficial for the user?
The most beneficial thing with your card is 1% cashback on all your transaction, which is easily adjusted from your monthly bill generation.
# What if you lost your Paytm First Credit card?
If your credit card is lost or stolen, you have to login Citi bank mobile app or online and report your lost or stolen request in the section.
Bottom Line
It a good experience to have a credit card for the beginners. I am sure it will benefit the user in all respect as we all experience during Paytm lunch and tons of cashback.