Paytm First Credit Card: Here’s all you need to know

Paytm, the digital payments company launched its Paytm First Card. Paytm is offering this card in partnership with Citibank India. The card uses the Visa network. In this post, we will discuss all you need to know about this card. Also, take a look at the process for Paytm First Credit Card apply online.

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Paytm First Credit Card

This is a beginner credit card exclusive for Paytm customers. It is a contactless-enabled card. Paytm customers can get this by applying directly from the Paytm app.

It comes with unlimited 1% cashback without any restrictions. The cashback will be directly credited to your card every month. It will be accepted in India and as well internationally.

It comes with a low annual fee of Rs.500 which will be fully waived off on spends above Rs.50,000 per year. This is similar to a co-branded card that airlines and other retailers offer.

Paytm First Card – Features & Benefits

You can enjoy this VISA card internationally, earning cashback on all spends from Paytm and Citibank.

Annual Fee

It comes with an annual fee of Rs.500. The annual fee is waived off on spends exceeding Rs.50,000 in a membership year.

Card Type

This is a Visa card. It is contactless-enabled. It is accepted in India and internationally.

Reward Points

It offers 1% cashback on every transaction without any restrictions. There is no upper cap and no specific category. The cashback auto-credited to card every month.

Paytm First Membership

It comes with complimentary Paytm First membership for 1 year. You can enjoy exclusive privileges and partner benefits worth over Rs. 12,000/-.

Membership Fee

There is no membership fee.

Reward Redemption

There is no need to redeem reward points. The cashback automatically credited to the card after the monthly bill generation. Credited within 2 working days of bill generation.

There is also no waiting for a minimum threshold. This is an absolutely great feature of this card.

Other Offers & Benefits

You will get exclusive offers on shopping, travel, dining, amongst others on the Citi Privileges platform.

1. Get up to 20% discount at partner restaurants when you use it.

2. Every Friday, get 2 movie tickets at the price of 1 ticket on Paytm movies.

3. Get amazing offers from Reliance digital, Zomato, Big Basket and many more.

Paytm Credit Card Eligibility

There is no eligibility criteria to apply for this. The application are open only for selected customers due to high number of requests.

How to Apply for Paytm First Credit Card?

The application are open only for selected customers. You can check your Paytm App. To check this you require the latest version of Paytm app.

You can find Paytm First Card icon or the Paytm CITI Credit Card option in the menu. Click to begin the application.

Here, you need to fill the details correctly and submit the form for Paytm First Card apply. Once your application approved, a Citibank representative will reach out to you to complete the KYC process.

Once approved, the card shipped to your address in an activated state with the welcome letter. You can use it in both online and offline transactions.

How to View and Pay the Bill?

The bill sent to your registered email address on a monthly basis by Citibank once the bill generated. Alternatively, you can also view and download your monthly bill by logging into Citibank website online.

You can pay the bill on Paytm itself by going in the Citibank Paytm First Credit Card passbook.

Paytm First Credit Card Review

Paytm First Card is a good beginner card for those who are new to the credit system. The unlimited 1% cashback reward structure is better than other entry-level credit cards. Moreover, the cashback auto-credited to card every month. It is a great step by Paytm for a cashless India.

Note: This post was originally published on June 7, 2019 and has been completely updated for accuracy and comprehensiveness.