Paytm has introduced a new credit card, called Paytm First Card, in partnership with Citibank. According to the company, this new paytm first card will offer customer 1% of universal cashback along with zero restrictions on earning categories.
Annual Fee: If you want to use Paytm first card, that you need to pay Rs. 500 annual fee.
Also Read: Paytm Recurring payment option.
Interested customers can get the new credit card by applying directly from the company’s official app, but customers will get this new Credit Card on the basis of digital behavior.
The company claims that the card will also offer attractive EMI options, and also give an exclusive offers at restaurants, shopping, travel and others on the globally acclaimed Citi Privileges platform.
Vijay Shekhar Sharma, Chairman & CEO — One97 Communications, the parent of Paytm, said, “We are delighted to partner with Citi to launch the PaytmFirst Card. Our new offering is designed to bring utmost flexibility to our customers in their digital payment options and will help spur large-ticket cashless payments. We are confident of getting a very good response from our customers.”
Stephen Bird, CEO, Global Consumer Banking, Citi, said, “Paytm First Card gives us the opportunity to extend our expertise in credit card services to a new all-digital consumer base. What began as an institutional relationship for Citi has grown into a stronger and deeper partnership across the Citi franchise. Today’s announcement affirms how Citi is establishing itself globally as the partner of choice to accelerate growth for our partners, customers, and business.”