Paytm to launch Credit Cards

[mhsabir]

There are a bunch of cards now which are giving 1%-2%. I guess ICICI Amazon Pay is the first & best of all it is a free card. Cashback is as Amazon Pay though. Paytm Citibank only needs 50000 & SBI Ola Money needs 1 Lakh for annual fee waivers, but they are giving 1% as Statement Credit & Ola Money respectively. Flipkart Axis has 1.5%, Google Pay Axis Ace 2%. Though the later two have 2 lakh spend limit.

If you compare they dont have the best of any, but rather the least favourable parts. ICICI Amazon Pay is free, Paytm has lower target for no annual fee, plus its statement credit. SBI too have a lower amount for no annual fee & 7% for Ola cabs is decent. Flipkart & Google Pay Axis have a higher 1.5% & 2% cashback even though they match the 2 Lakh amount for no annual fee.

Also the 499 card does not even seem to have that option - you need to pay the 499 it looks like?

 

[Sushubh]

i am waiting for filing this years it return to try for Amazon pay credit card. i expect icici to humiliate me again.

 

[igloo]

I guess citibank is limited to few cities + criteria is strictest.
So they now issued this sbi variant which is offered even in small towns.

 

[Smh]

HDFC Bank partners with Paytm to launch co-branded credit cards

This is the first co-branded credit card launch by the country's largest private sector lender after the Reserve Bank of India (RBI) lifted a ban on the bank on new credit card launches in August this year.

www.moneycontrol.com