Paytm First Credit Card Review

Paytm the Indian e-commerce site has launched its first credit card named paytm first credit card. This card is launched in co-operation with Citibank, India. It is much like the app-based co-branded credit cards like One card or Uni Pay. 

This is actually a low-cost entry-level credit card that offers exclusive cashback and benefits for Paytm customers. This card works on the Visa card network and the annual fee of the card is Rs. 499 + GST. Now let’s dive into the details. 

Paytm First Credit Card Eligibility Criteria:

This card is exclusively available for some selected Paytm customers. Eligible customers can apply for this paytm first card using their Paytm app. 

  • Resident Type: Indian
  • For salaried person:
    • Age: The age of the applicant should be between 21 to 60 years. 
    • Income: There is no minimum income required to apply for this card, but having a higher monthly/annual income will help you to get a higher credit limit.  
  • For self-employed person:
    • Age: The age of the applicant should be between 21 to 65 years. 
    • Income: There is no minimum income required to apply for this card, but having a higher monthly/annual income will help you to get a higher credit limit.
  • An excellent credit score (above 760) is needed to apply for this card. 

If you are eligible, you can apply for paytm first credit card from the Paytm app. Once your application is submitted you will get regular updates about your paytm first credit card application status from the Paytm app.  

Documents Required To Apply For Paytm Credit Card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

Paytm First Credit Card Fees:

  • Paytm fist credit card joining fee:Rs. 500 + GST
  • Paytm first credit card annual fee: Rs. 500 + GST

Paytm First Credit Card Benefits:

  • Welcome benefit:

On spending Rs. 5,000 within the first 30 days of the citibank paytm first credit card activation, you will get Rs. 1,000 cashback in your Paytm first card account. 

You will also get a complimentary one-year paytm first membership with this card. The benefits of the paytm first subscription are discussed below. 

category Paytm first membership benefits
Cashback
  • 5% cashback on Paytm mall (on the payment made using this card)
  • 2% cashback on flight ticket booking.
  • 3% cashback on all transactions made via Paytm app/website.
  • 1% cashback on all other categories. 
Entertainment The annual subscription of EROS Now, Sony LIV, and Gaana. You will also get a 3-month subscription to Viu Originals.  
Lifestyle
  • Subscription of premium lifestyle brands like GOQii Plus.
  • Up to Rs. 2400 discount on Man Company’s product.
  • Up to 6,000 discount on women’s clothing.
  • Exclusive deals on Myntra.  
Dining
  • Zomato Gold Membership. 
  • Up to Rs. 2400 discount on UberEats. 
Travel
  • Up to 10% discounts on Uber go.
  • An OYO Wizard Blue membership of Rs. 499.
  • Exclusive deals on Fab Hotel bookings. 
  • Cashback on every transaction:

Once the 1 year’s paytm first membership period is over, you will get 1% cashback on all transactions you make using this card. The cashback amount will be reflected in your monthly credit card statements. 

  • Benefits on dining spending:

Using this paytm first citi credit card you can get up to a 15% discount on your dining bills at the partner’s restaurants. The cashback amount will be deducted from your monthly credit card bill.

  • Free movie tickets:

On every Friday, you will get 1 movie ticket completely free with the purchase of another. This offer is applicable on the tickets booked via Paytm Movies. This paytm 1+1 movie offer is applicable on the movie tickets booked via the Paytm app or website

  • Paytm card offer on lifestyle benefits:

You will get some exclusive deals from some of the premium lifestyle brands like Zomato, BigBasket, etc. 

  • Convenient paytm credit card bill payment options:

You can pay your credit card paytm pay credit card bill online via the Paytm app, or by using any credit card payment options. 

  • Contactless payment facility: 

This paytm first card is equipped with an advanced contactless payment facility, this feature allows you to make payments by tapping your card over any POS machine that accepts contactless payments. Due to security reasons, the paytm credit card contactless payment facility is limited to Rs. 5000 per transaction. 

Paytm First Credit Card Charges:

Particulars Payable amount
Paytm credit card charges on cash withdrawal 2.5% against the withdrawn amount (min Rs. 500). Check your paytm first credit card limit before making a withdrawal. 
Paytm first credit card Finance Charges The paytm first credit card interest rate can go up to 3.75% monthly or 45% annually. 
Foreign currency conversion charge 3.5% against the transaction amount. 

Paytm First Credit Card Customer Care Contact Details:

  • Call the paytm first credit card customer care number: 1860-210-2484 or 022-4955-2484
  • Write to the patym first card mail id: [email protected] 

100xGain Ratings: 

8/10

Final Opinion:

If you are new in the credit card market, and looking for a card that can help to earn some knowledge along with some benefits, then this card will be a great choice for you. With cash backs, benefits on dining and movies, and attractive lifestyle benefits this card will be a great option for beginners. 

But if you want to earn benefits then I would not recommend you this card. In this case, you can take a look at the 100xGain top 10 credit card pages; there we have listed some of the best credit cards available in India. 

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