Paytm is back in news again but for good this time! 

Paytm launches its Paytm First Credit Card in partnership with Citi. According to the company, the contactless-enabled card issued by Citi will provide one percent cashback on all transactions made by the user, without any restrictions with the cashback auto-credited to the card every month.

Paytm First Card’s combination of offerings:

• Unlimited 1% cash back, without restrictions, auto-credited to card every month
• Accepted in India and internationally
• No hidden fees or charges Contactless enabled
• Attractive Equated Monthly Installment (EMI) options
• Full waiver of an annual fee of INR 500 on spends exceeding INR 50,000 per year
• Exclusive offers on dining, shopping, travel, amongst others on the globally acclaimed Citi Privileges platform

How to apply?

Paytm users can directly apply for the paytm credit card through the app where they will also be able to conveniently track offers through the Paytm First Card passbook.

Offers and Promotions

Paytm First Card customers will also be able to receive Paytm promo-codes worth Rs 10,000 on spending a minimum of Rs 10,000 on the credit card within the first four months of issuance, said the company. The Paytm First Card passbook not only allows customers to track their credit card transactions but also highlights exclusive offers, both from Patym and Citi on a real-time basis.

News Breaking On Social Media

Making the most of social media Paytm broke the news on Twitter.

"This is a partnership between two incredible companies" – @vijayshekhar

Introducing the 'Paytm First Credit Card' powered by @Citibank @VISA 💳

More details soon! pic.twitter.com/nGxk6Pqt1N

— Paytm (@Paytm) May 14, 2019

Vijay Shekhar Sharma, Chairman & CEO, One97 Communications, the parent of Paytm, said, “We are delighted to partner with Citi to launch the Paytm First Card. Our new offering is designed to bring the 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.”

Also Read: 5 Ways Of Using Your Credit Card Wisely

Stephen Bird, CEO, Global Consumer Banking, Citi, also commented, “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.”