Paytm in partnership with Citi launched its Paytm First Credit Card that will be India's first card with 1 per cent universal cashback along with no restrictions on earning categories.
The Paytm First Card offer includes unlimited 1 per cent cashback without any restrictions with auto-credited to card every month. It comes with no hidden fees or charges and is accepted in India and internationally. It is contactless enabled and comes with full waiver of an annual fee of Rs 500 when spendings exceed Rs 50,000 per year. It comes with attractive equated monthly instalment options and gets exclusive offers on dining, travel, shopping and other globally acclaimed Citi Privileges platform.
Paytm customers will be able to apply for credit cards on the Paytm app where users will be able to track offers via Paytm First Cardpassbook. Users with the Paytm First Card will be given Paytm promo-codes worth Rs 10,000 after they spend Rs 10,000 on the credit card within the first four months of after being issued.
Other than this, the Paytm First Card passbook has highlighted exclusive offers for both Paytm and Citi on a real-time basis, wherein Paytm will identify the base using a selection tool that has been jointly developed by Citi and Paytm in order to assess creditworthiness.
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