Paytm Launches Credit Card With Citibank

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Popular digital wallet payments company Paytm has introduced a credit card in association with Citibank. The card, named Paytm First Card, will offer customers 1 per cent of universal cashback.

The card has an annual fee of Rs 500 but it is waived off if one spends over Rs 50,000 per year. On spending Rs 10,000, users will get Paytm promo codes worth Rs 10,000.

Users can apply for the card on the Paytm app and customers are chosen according to their digital behavior. The company said there will be exclusive offers from both Paytm and Citibank for the Paytm First card.