AMAZON pay later sign.up, 100rs flat cash back & Flat 50rs cash back on order of minimum 100 by using that. It seems for selected customers.

Amazon pay later is fake I have two creditcards For both I have never defaulted any payment plus No loqn in my account still application rejected then tried with another person aadhar cards that also said u not eligible I don’t know who are eligible Maybe aliens

Never use pay later option, it will show as personal loan in cibil report

Its not Fake, but their system algorithms might be set that way.

I got ₹10000 Credit Limit in Amazon Pay Later even after having No Credit History. So I think its for beginners.

Using both Amazon and Flipkart from last many years but have always ordered all products prepaid and not experienced even Cash On Delivery (CoD). So just to start with Credit Instruments and build up Credit Score, I have applied for both Amazon Pay Later and Flipkart Pay Later.

Btw I have not found any cashback offer on using either Amazon Pay Later or Flipkart Pay Later, so not used them yet.

Currently almost all offers on Amazon is for their UPI Payment Option and not even for Amazon Pay Wallet Balance or Debit Card or Net Banking etc. Credit Cards still have usual offers during Festive Sales and even during normal days.

If you are really intrested then contact Capital Flots directly regarding the issue that you are facing. I hope they might help you in this, otherwise those headless chickens and idiots sitting in the Amazon’s CS Team have no clue about features, functioning & process of Amazon Pay Later.

When I have contacted them regarding e-mandate issue that its not reflected on Pay Later Dashboard, I was more aware and knowledabe then those donkeys.

Only few Agents in Amazon are really smart and knowledgeable, rest all are just doing time pass only and give false commitments or just simply make excuse from their responsibilities.

Other e-commerce platforms have higher amount of such junk in their CS Team.

Better approach Capital Flots directly, its newly launched Fintech Startup established in 2016 and keen on expanding their business. They have acquired Wallnut Wallet and planning it to introduce like LazyPay and ePayLater. They wer working on that but COVID-19 has delayed their work.

P.S. :
Capital Float customer service – Contact details: Email at myloan(at)capitalfloat(dot)com
Call at 1860 419 0999

Reward link?

Flipkart Pay Later has IDFC FIRST Bank as Lending Partner while Capital Float is Lending Partner for Amazon Pay Later.

Flipkart and Amazon are smartly utilising Micro Credit Business Players for increasing their sales figures, while these companies are also benefitted in future, as they get new customers in bulk, whom they can sell Vehicle Loans, Home Loans, Personal Loans etc.

So its a Win-Win Situation for both of them.

Now, what Customer is getting from all these Pay Later Services, they can buy their desired products at Discounted Prices or during Festive Sales (Diwali Sale, Chrismas Sale etc.) & Special Days (Big Billion Day, Prime Day etc.) with different ongoing offers such as Exchange of Old Mobiles etc. That too without having any Credit Card or Sufficient Amount in Bank Account.

These services are good for beginners but those who are already possess Credit Card/s, will find it useless for them. Because Credit Card has offers on purchase with or w/o EMIs, but Pay Later doesn’t have any offers during al such circus, as mentioned above.

I was not having any previous Credit History so my Credit Score was NIL and with purpose of building it gradually, I have activated both Amazon Pay Later and Flipkart Pay Later, few Months back.

Amazon Pay Later has Capital Float as Lending Partner and sanctioned Credit Limit of ₹10000 in this account, while Flipkart Pay Later has IDFC FIRST Bank as Lending Partner and sanctioned Credit Limit of ₹5000 in this account.

Now, when I have checked my Credit Score via One Score, Wishfin, Paisabazaar etc., both Experian and CIBIL Scores have improved from its NIL Status.

Amazon Pay Later is reflecting in both Experian and CIBIL as an Active Consumer Loan with sanctioned amount of ₹2000 by Capital Float, while Flipkart Pay Later is reflecting only in Experian as an Active Personal Loan with sanctioned amount of ₹5000 by IDFC FIRST Bank.

I think this Persona Loan of ₹5000 by IDFC FIRST Bank should also be reflected into my CIBIL Report, as it will help me in improving score, if I do transactions with Flipkart Pay Later on Flipkart and PhonePe and later do timely repayments. But if they don’t show this Personal Loan in CIBIL and won’t report its timely repayments then it won’t affect CIBIL Score at all.

Contacted Flipkart over its IVR but there is no option to talk to their CS Agent, even selected option for applying Flipkart Axis Bank Credit Card, but even after facing call waiting for more than 60 minutes even, no Agent got connected. Tried many such failed attempts.

After lot of frustrations approached IDFC FIRST Bank over 1860 500 9900 and explained this issue, nut they are not able to check my Loan Account details in their databse. Now, I wonder then how the same Personal Loan is reflecting in Experian Report, in their name. Contacted them multiple times.

Initially they didn’t helped in any way and told to contact Flipkart for any query related to Flipkart Pay Later account, but after few attempts, I was able to convince their one of the executive that they are Lending Partners, thus they sanction Loan amount and not Flipkart, they generate inquiries with Credit Agencies and report it as Active Loan and its usage & repayments, then he somewhat convinced to my logic an ready to help.

He has provided me this banker(at)idfcfirstbank(dot)com email id and informed to write my issue and attach copies of Credit Reports of Experian and CIBIL to them, then their concern team will revert back to my mail and will also receive follow up call from them in this regard and provide correct resolution.

So now, I want help & guidance from experienced dimers that what should I do in such a scenario? should I go ahead with this or avoid reporting in CIBIL by IDFC FIRST Bank, as some dimers faced issue of much higher Loan Amounts like ₹60000, ₹75000 etc. reported by them in their CIBIL Report.

I am quite confused as not having much knowledge of Credit Products and Services, so please provide your valuable suggestions.