Which Credit Card is Better: Amazon Pay ICICI or Paytm First?

When it comes to credit card choices, consumers are often faced with numerous options, each with its own unique benefits and drawbacks. Two popular choices are the Amazon Pay ICICI Credit Card and the Paytm First Credit Card. However, it's crucial to note that our recommendations are based on independent research and user feedback. There have been reports of issues with Paytm's adherence to regulatory guidelines, and we encourage consumers to exercise caution when considering any Paytm-related services.

Recommendation and Analysis

We recommend the Amazon Pay ICICI Credit Card due to its various advantages. The card is both reliable and offers significant value to users who frequently shop on Amazon. Here’s a detailed analysis of both cards to help you make an informed decision.

Amazon Pay ICICI Credit Card

The Amazon Pay ICICI Credit Card is an excellent choice for users who frequently make purchases on Amazon. This card offers a range of benefits designed to enhance your shopping experience.

Pros of Amazon Pay ICICI Credit Card

Life-time Free Card: One of the most attractive features of this card is that it is free for life, which is highly convenient for users who want to avoid any annual fees. 5% Cashback: For Prime members, you can earn 5% cash back on Amazon purchases. For non-Prime members, you can earn 3% cash back. This translates into significant savings over time. No Cost EMI: There is no cost associated with EMI for purchases on Amazon priced over 3000 INR. Fuel Surcharge Waiver: With this card, you will not be charged any fuel surcharge, making it a convenient option for travelers and frequent fuel buyers.

Cons of Amazon Pay ICICI Credit Card

Amazon-specific Benefits: The cashback from the card is only applicable for purchases on Amazon. This means it is not useful for users who do not shop frequently on Amazon. EMI Restrictions: 5% cashback is not applicable on EMI purchases made on Amazon.

Paytm First Credit Card

The Paytm First Credit Card, on the other hand, offers a broad range of benefits that may appeal to a wider audience. However, it does come with certain drawbacks that potential users should be aware of.

Pros of Paytm First Credit Card

Unlimited Cashback: You can earn unlimited cash back on all spends, making it a highly flexible choice. BOGO Offers: Enjoy Buy One Get One (BOGO) offers for movie tickets booked on Fridays through Paytm. Complimentary Membership: Paytm First cards offer complimentary Paytm First membership for the first year.

Cons of Paytm First Credit Card

Annual Fee: The Paytm First Credit Card comes with an annual fee of 500 INR, but this fee is waived off if you spend a minimum of 50,000 INR in a calendar year. Limited Fuel Benefit: While the card offers a fuel surcharge waiver, this benefit is only available at Indian Oil petrol bunks.

Conclusion

Both credit cards have their pros and cons, and the best one for you depends on your spending habits and preferences. If you extensively use Amazon, the Amazon Pay ICICI Credit Card is an excellent choice due to its lifetime free status, generous cashback, and flexible benefits. On the other hand, if you're looking for a more versatile card with a broad range of offers and are willing to meet the spending requirements to waive the annual fee, the Paytm First Credit Card may be a better fit.

Informing yourself about the specific benefits and limitations of each card is crucial. It’s always recommended to compare both cards based on your spending needs and to consider potential issues with Paytm's regulatory compliance.