Postpaid- is it worth activating?

13 days left

Paytm Postpaid pros & cons

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Last Comment 2023-03-11

2023-03-11

Paytm is offering Paytm postpaid at 0% intrest and zero joining fees.
Is it worth?

Found some information here:

Advantages of using Paytm Postpaid:

Convenience: Paytm Postpaid allows users to make purchases now and pay later, which can be useful in situations where the user does not have the funds to make a purchase at the time.

Credit limit: Paytm Postpaid provides users with a credit limit, which can be useful for making larger purchases.

No interest charges: Paytm Postpaid does not charge interest on the credit provided, which can be beneficial compared to traditional credit cards.

Disadvantages of using Paytm Postpaid:

Credit check: Paytm Postpaid may perform a credit check before approving a user for a credit limit, which can negatively impact the user’s credit score if they are denied.

Late payment fees: Paytm Postpaid may charge late payment fees if a user is unable to make their payments on time.

Limited acceptance: Paytm Postpaid may not be accepted at all merchants, limiting the user’s options for making pur

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Disclaimer

We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.

Top Comments

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9144732

Siva1Bopparaju

2023-03-11

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It hits your cibil

As my experience

I got 25k limit

And there is convenience fee

I didn't use anything one month got 0.9 fee

And there is 1.1% fee every month on every spends to my postpaid account

I saw there are three types of postpaid accounts in Paytm I got lite

Final verdict : I closed after 3 months of use now I'm feeling happy

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https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9144732

Siva1Bopparaju

2023-03-11

Link Copied

It hits your cibil

As my experience

I got 25k limit

And there is convenience fee

I didn't use anything one month got 0.9 fee

And there is 1.1% fee every month on every spends to my postpaid account

I saw there are three types of postpaid accounts in Paytm I got lite

Final verdict : I closed after 3 months of use now I'm feeling happy

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9144772

stoptomove

2023-03-11

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Siva1Bopparaju wrote:
It hits your cibil
As my experience
I got 25k limit
And there is convenience fee
I didn't use anything one month got 0.9 fee
And there is 1.1% fee every month on every spends to my postpaid account
I saw there are three types of postpaid accounts in Paytm I got lite
Final verdict : I closed after 3 months of use now I'm feeling happy

Is Cibil hit for every transaction?

While applying will they show which version of postpaid user is eligible? Before activating.

Is it 0.9% (on 25k rs 225) for no transaction fearful

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9144779

Siva1Bopparaju

2023-03-11

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stoptomove wrote:
Is Cibil hit for every transaction?
While applying will they show which version of postpaid user is eligible? Before activating.
Is it 0.9% (on 25k rs 225) for no transaction

No only 0.9 rs for nill transaction
It showing as a loan in cibil
I don't about eligible version of postpaid bro
But some people and my friend alsousing postpaid without any convenience fee

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9144782

Ahtsham

2023-03-11

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Simple answer: Try to avoid BNPL as much as possible.

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9145259

stoptomove

2023-03-11

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Siva1Bopparaju wrote:
No only 0.9 rs for nill transaction
It showing as a loan in cibil
I don't about eligible version of postpaid bro
But some people and my friend alsousing postpaid without any convenience fee

Thanks

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9145265

stoptomove

2023-03-11

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Ahtsham wrote:
Simple answer: Try to avoid BNPL as much as possible.

There were offers on payment through paytm postpaid, that's why thinking neutral_face

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9145272

prem4998

2023-03-11

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stoptomove wrote:
There were offers on payment through paytm postpaid, that's why thinking

Those offers will disappear within a month or 2 after u taking the postpaid. So don't fall for it.

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9146127

stoptomove

2023-03-11

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prem4998 wrote:
Those offers will disappear within a month or 2 after u taking the postpaid. So don't fall for it.

fearful

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9146447

EkakiAmi

2023-03-11

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stoptomove wrote:
There were offers on payment through paytm postpaid, that's why thinking

If u have cc already then avoid all bnpl be it paytm /az or fk .

If u dont have cibil score yet then u can try az bnpl which is much better than paytm postpaid i guess

https://www.desidime.com/discussions/paytm-postpaid-pros-cons?page=1#post_9146462

stoptomove

2023-03-11

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EkakiAmi wrote:
If u have cc already then avoid all bnpl be it paytm /az or fk .
If u dont have cibil score yet then u can try az bnpl which is much better than paytm postpaid i guess

Problem getting credit card for self employed. Got few rejection weary