Paytm AU Credit Card – Benefits, Fees & Eligibility

Introduction

The Paytm AU Credit Card, issued by AU Small Finance Bank, is positioned as a lifetime-free credit card designed to turn everyday spending into rewarding experiences. It caters to users who frequently engage with the Paytm ecosystem for payments, travel, and gold purchases. Key differentiating benefits include up to 5% rewards on Paytm app spends, complimentary domestic airport lounge access, and a 1% fuel surcharge waiver, all without any joining or annual fees.

Fees

• Joining Fee: Lifetime Free
• Renewal Fee: Lifetime Free
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.49%
• Interest Rates: 3.75% Per Month (45% Per Annum)
• Fuel Surcharge Waiver: 1% fuel surcharge waiver for all fuel transactions in India between ₹400 and ₹4,000, with a maximum benefit of ₹100 per month.
• Cash Advance Charges: 2.5%

Rewards

• Paytm App Spends:
  • 5 Reward Points per ₹100 on Paytm Travel and Paytm Gold spends.
  • Up to 2% rewards on Paytm Scan & Pay transactions.
  • 2 Reward Points per ₹100 on Paytm UPI transactions between ₹100 and ₹2,000.
  • 1 Reward Point per ₹100 on Paytm UPI transactions above ₹2,000.
• General Spends:
  • 1 Reward Point per ₹100 spent on online and offline purchases.
  • 1 Reward Point per ₹400 on UPI transactions made through other UPI apps.
• Maximum Reward Points: Cardholders can earn a maximum of 3,000 reward points across all eligible spending categories in a single statement cycle.
• Complimentary Lounge Access:
  • Enjoy up to 12 complimentary domestic airport lounge visits per year.
  • This benefit is available on booking return flight tickets worth ₹5,000 or more via Paytm Travel on the Paytm app.
  • You can redeem up to 4 lounge visits per booking.
• Exclusions for Reward Earnings: The following categories are exempt from reward earnings:
  • Wallet Reloads
  • Rental & Real Estate Payments
  • Education Payments
  • Government Services
  • Fuel Transactions
  • Utility Bill Payments
  • Transportation
  • Insurance Payments
• Limited Lifestyle Benefits: The card does not offer specific benefits for movies, dining, insurance, or international lounge access.

Rewards Redemption Guide

• Redemption Channels: Reward points can be redeemed on the Paytm app against Paytm Gold or via the AU Small Finance Bank rewards portal (AU Rewardz portal).
• Reward Point Value:
  • 1 Reward Point = ₹1 (when redeemed for Paytm Gold on the Paytm app).
  • 1 Reward Point = ₹0.50 (when redeemed across other categories or through the AU Rewardz portal).

Card Eligibility Criteria

• Primary Cardholder Age Group:
  • Self-Employed: 25 years to 65 years
  • Salaried: 21 years to 60 years
• Add-on Cardholder: Must be over 18 years of age.
• Residency: Applicant must be a Resident Indian.
• Note: These criteria are indicative, and AU Small Finance Bank reserves the right to approve or decline applications.

Card Review

The Paytm AU Credit Card is an excellent choice for individuals who frequently use Paytm for their daily transactions, including UPI payments, Paytm Travel bookings, and Paytm Gold purchases. As a lifetime-free credit card, it eliminates concerns about joining or annual fees, making it a cost-effective option for everyday use.

Who Should Apply:

• Individuals who primarily use Paytm for their daily payments.
• Those who frequently make UPI payments and wish to earn reward points.
• Users who often book tickets on Paytm Travel or purchase Paytm Gold.
• Anyone seeking a lifetime-free credit card without joining or annual fees.
• First-time credit card users looking for a straightforward card with rewards on everyday spending.
• People interested in earning reward points on both online and offline purchases.

Pros:

• It is a lifetime-free credit card with no joining or annual fee, making it a great choice for everyday use.
• Offers competitive reward rates on Paytm-specific transactions and general spends.
• Includes valuable travel benefits like complimentary domestic airport lounge access.
• Provides a fuel surcharge waiver, adding to everyday savings.

Cons:

• It has limited lifestyle benefits, as the card does not offer specific perks for movies, dining, insurance, or international lounge access.

Overall, the Paytm AU Credit Card serves well as an everyday rewards credit card, providing significant value for its target audience.

Important Product Details

• Lifetime free credit card with no joining or annual fee.
• Earn reward points on Paytm UPI transactions, Paytm app spends, and online and offline purchases.
• Get up to 12 complimentary domestic airport lounge visits on eligible Paytm Travel bookings.
• Enjoy a 1% fuel surcharge waiver on eligible fuel transactions across India.
• Redeem reward points for Paytm Gold or through the AU Rewardz portal.

Other Details

• AU Small Finance Bank and Paytm operate under a revenue-sharing agreement as co-branded partners.
• AU 0101 Mobile App Features:
  • View balance and transactions.
  • Download account statements.
  • Request cheque books.
• AU Small Finance Bank Benefits:
  • National presence with a network of 2,700+ touchpoints.
  • Offers quality services at competitive rates.
  • Ample touchpoints ensure convenient customer service.
  • Provides a superfast AU 0101 App for managing transactions.
  • Demonstrates sustained growth with a balance sheet exceeding ₹1 lakh crore.
• Customer Support: 24x7 help is available.
• Legal Information: Important terms and conditions and the card member agreement are available for review.