Citibank and Paytm have joined hands to introduce Paytm First Card, India’s first card with 1% universal unlimited cashback and no restrictions on earning categories. Among other features of the card are no hidden fees or charges, accepted in India and internationally, contactless enabled, full waiver of annual fee of Rs 500 on spends exceeding Rs 50,000 per year and exclusive offers on dining, shopping, travel, amongst others, on the globally acclaimed Citi Privileges platform. The card customers will be awarded Paytm promo-codes worth Rs 10,000 on spending a minimum of Rs10,000 on the credit card within the first 4 months of issuance. Vijay Shekhar Sharma, chairman & CEO, One97 Communications, the parent of Paytm, said the card is designed to bring utmost flexibility to customers in their digital payment options and will help spur large-ticket cashless payments.
