Base reward rate: Earn 1% Cashpoints on other retail spends, 5x on Paytm, and 3x on Swiggy, Ajio, BigBasket & Uber.
Redemption options: value
Redemption value: 1 Pt = ₹1.00
Fees & Charges
Joining fee: 1000
Annual fee: 1000
Pros
Excellent accelerated reward rate of 5% (5x Cashpoints) on the Paytm ecosystem and 3% (3x) on popular brands like Swiggy, Ajio, BigBasket, and Uber.
Offers a recurring milestone benefit of a ₹500 gift voucher on spending ₹50,000 per quarter, allowing for a potential ₹2,000 in value each year.
Provides a generous 8 complimentary domestic lounge visits annually (2 per quarter), a high number for a card with a ₹1,000 fee.
The annual fee of ₹1,000 is waived on a reasonably achievable spend of ₹1.5 Lakhs in a year.
Welcome benefits include a ₹500 gift voucher and a complimentary Paytm First Membership, effectively recovering 50% of the joining fee upfront.
Cons
The complimentary domestic lounge access is locked behind a high spending condition of ₹50,000 in the preceding quarter, making the benefit inaccessible for moderate spenders.
The base reward rate is a low 1% in Cashpoints, offering poor value on all spends that fall outside the specific accelerated categories.
As a business card, its value is diminished by extensive reward exclusions on key business spends like government payments, EMI, and rental transactions.
The high 3.50% foreign currency markup fee makes the card unsuitable and expensive for any international business transactions or payments.
Best Use Case
Individuals who frequently use Paytm for various transactions, including movies, and shop on Swiggy, Ajio, BigBasket, or Uber.