Paytm First Credit Card vs Amazon Pay ICICI Credit Card
Last Updated : April 15, 2025, 5:37 p.m.
Both the Paytm First Credit Card and the Amazon Pay ICICI Credit Card offer unique rewards customized for frequent users of their respective platforms, with the Paytm First Card providing great perks for Paytm ecosystem users, while the Amazon Pay ICICI Card offers considerable cashback for Amazon shoppers. The Amazon Pay ICICI Card stands out with its lifetime free model offering 5% unlimited cashback for Prime members on Amazon purchases, while the Paytm First Card charges an annual fee of Rs. 500 (Waived on spends of Rs. 50,000 annually) with a welcome bonus of Rs. 1,000 cashback. This comparison explores how these cards stack up against each other in terms of rewards structure, fee considerations, and complementary benefits to help consumers make an informed choice based on their spending patterns and digital platform preferences. After opting for the card that you want to apply for, do a free CIBIL score check on Wishfin’s website. The credit score is the most essential eligibility criteria that credit card issuers look into for approving your credit card application. So, it is necessary to check the score to see if you are fulfilling the criteria set by the issuer.
Comparing the Features of Paytm First Credit Card and the Amazon Pay ICICI Credit Card
| Feature | Paytm SBI Credit Card | Paytm HDFC Credit Card | Amazon Pay ICICI Credit Card |
|---|---|---|---|
Annual Fee | Rs. 499 | Rs. 500 + GST | No annual fee or joining fee |
Welcome Benefits | Complimentary Paytm First Membership | Complimentary Paytm First Membership (On transacting for at least Rs. 100) | Welcome rewards of Rs. 1,700 + 3 months free EazyDiner Prime Membership worth Rs. 1,095 |
Cashback on Platform | From July 2024, the cashback has been replaced with reward points of equivalent value. Previously: 3% on Paytm Mall, Movies, and Travel | 3% on all purchases on Paytm (Recharge, utility, movies, Mini App) capped at Rs. 500 per month | 5% for Amazon Prime members on Amazon.in, 3% for non-Prime members |
Secondary Cashback |
|
| 2% on transactions at more than 100 Amazon Pay merchant partners |
Universal cashback |
| 1% on all other retail transactions (Excluding fuel, EMIs, rental, and government spends) capped at Rs. 1,000 per month | 1% on all other payments |
Fuel Benefits | 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000 (Up to a maximum of Rs. 100 per statement cycle) | 1% fuel surcharge waiver on fuel transactions (min Rs. 400, max Rs. 5,000, capped at Rs. 250 per statement cycle) | Not specified |
Insurance Benefits | Cyber Fraud Insurance cover of Rs. 1,00,000 | NA | 1% cashback on insurance payments. |
Fee Waiver |
|
| Not applicable (no annual fee) |
Milestone Benefits | Renew the complimentary Paytm First Membership on reaching milestone annual retail spends of Rs. 1,00,000 | Earn a yearly cashback of up to Rs. 1,200. It is equivalent to 1% cashback on reaching threshold spends of Rs. 10,000 every month. | No expiry date for rewards, no limit on rewards earned |
EMI Options | Available | Available | No-cost EMI for 3 or 6 months on Amazon.in |
Reward Points Expiry | Expire 24 months from the date of accrual. | Not specified | No expiry date |
Dining Benefits | 3% cashback on dining, grocery, and departmental store spends | You can get up to 20% discount with Paytm’s restaurant partner through Dineout | Special offers through EazyDiner Prime membership |
Key Differences and Analysis
Annual Fee
The Amazon Pay ICICI Credit Card stands out with no annual or joining fee, making it the most cost-effective option. Both Paytm cards charge annual fees (around Rs. 500), though they offer fee waivers based on spending thresholds.
Cashback Structure
- Amazon Pay ICICI Card: Offers the highest platform cashback with 5% for Prime members on Amazon.in purchases. Even non-Prime members get 3%.
- Paytm SBI Card: The card offers cashback across different spending categories. You get 3% cashback on Paytm Mall, movies, and travel through the Paytm app, 2% cashback on other Paytm app purchases, and 1% cashback on all other spends.
- Paytm HDFC Card: This card offers 3% cashback on Paytm platform purchases but caps this at Rs. 500 per month.
Spending Limits and Caps
The Paytm HDFC card imposes monthly caps on cashback (Rs. 500 for platform purchases, Rs. 1,000 for other retail transactions). The Amazon Pay ICICI card has no cap on rewards earned, providing unlimited earning potential for heavy spenders
Welcome Benefits
The Amazon Pay ICICI card offers the most substantial welcome benefits with Rs. 1,700 in rewards plus a three-month EazyDiner Prime Membership worth Rs. 1,095. Both Paytm cards offer complimentary Paytm First Membership upon activation.
Additional Protection
The Paytm SBI Card offers Cyber Fraud Insurance of Rs. 1,00,000, which is a unique security feature not explicitly mentioned for the other cards.
Best Card For Different User Profiles
Best for Amazon Shoppers
The Amazon Pay ICICI Credit Card is superior for frequent Amazon shoppers, especially Prime members, who can earn 5% cashback on all Amazon purchases with no upper limit and no annual fee.
Best for Paytm Ecosystem Users
- Paytm HDFC Credit Card might be better for moderate Paytm users due to their structured cashback on the Paytm ecosystem, though caps limit high-volume earners.
- Paytm SBI Credit Card has a reward points system.
Best for All-Around Use
The Amazon Pay ICICI Credit Card offers the best overall value with no annual fee, uncapped rewards, and no expiry on rewards. Its 1% universal cashback matches the other cards, but without their limitations and fees.
Conclusion
Based on the comparison, the Amazon Pay ICICI Credit Card appears to offer the best overall value proposition with no annual fee, higher platform-specific rewards, unlimited earning potential, and no expiry on rewards. It's particularly advantageous for Amazon shoppers, especially Prime members. The Paytm credit cards may be suitable for dedicated Paytm ecosystem users, but their annual fees, caps on rewards, etc., may limit your options. Your optimal choice ultimately depends on your shopping habits, preferred platforms, and whether you're willing to pay an annual fee for specific benefits. If you frequently use both ecosystems, holding multiple cards might maximize your rewards across different spending categories.
Frequently Asked Questions (FAQs)
