Paytm Credit Card Launched in Partnership With Citibank
Customers can apply for the Paytm First Card directly from the Paytm app.
Paytm has tied up with Citi to launch a credit card, called the Paytm First Card. The new Paytm credit card is touted to offer one percent "universal unlimited cashback" to customers along with no restrictions on earning categories. While the Paytm First Card comes with an annual fee of Rs. 500, the fee is claimed to be waived if the spends exceed Rs. 50,000 per year. The Paytm First Card is similar to co-branded credit cards that retailers and airlines offer and uses Visa network for transactions. Paytm has also built its own tool with Citi to check the eligibility of the potential customers.
Paytm if fastest growing fin-tech company in India. They are growing in various segments starting with mobile recharge, bill payment to travel bookings, shopping and even payment bank now.
PayTM started their paytm bank in the year 2018 and they have biggest user base. I feel there is hardly any service which is not available in Paytm. I think of doing anything like- rechares, bill poayments, shopping, banking. insurance, food ordering etc and now this credit card is new addition to their portfolio.
In India, Paytm is going to be one of the biggest name in fin-tech companies but they are expanding their portfolio. I hope this card will be useful to customers and I am thinking to give it a try soon.
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