Want to redeem your Paytm Cashback Points? Don't worry Read our article on How to Redeem Paytm Cashback Points. So start earning!
Enjoying rewards on everything you pay for is no less than a pleasant surprise. The First Points offered by Paytm to its loyal users ,
through its exclusive Paytm reward program is one such benefit that users can avail of every time they lighten the weight of their pockets
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What Is Paytm Cashback Points
For all transactions, such as bill payments, mobile recharge, and adding or transferring money through Paytm wallets, the users are awarded cashback points in paytm, earlier known as Paytm First Points.
These points can be redeemed on brand e-vouchers or converted into Paytm balance.
How to Redeem Cashback Points In Paytm
Here are the steps on how to use paytm cashback points :
- Open Paytm on your device.
- Log into your registered account.
- Click on the ‘Cashback and Offers’ section.
- Find ‘Cashback Points’ and click on it in the drop-down list.
- This section allows you to see the number of cashback points collected in your account that are available to be redeemed.
- In the ‘Points History’, you can track which transactions earned you how many points.
- To redeem paytm first points, scroll down to find various sections, such as ‘Shopping and Gifting’, ‘Travel and Infotainment’, ‘Gaming’, ‘Food and Grocery’, etc., for deals and e-vouchers.
- You can look at the current deals by clicking on the ‘View All’ in each section and redeeming the points on the ongoing deals. The number of points accumulated also curates exclusive offers to use your cashback points effectively.
- Once you decide on the offer to be redeemed, select the section ‘How to Redeem’ and read the steps carefully. Learn about the terms and conditions that apply to avail of the redeemable cashback points on the offer.
- The cashback points can also be used on exclusive Paytm deals, such as bus booking, flight booking, bill payments, etc.
- With every transaction, you can earn more points by browsing through the section ‘Best Offers to Earn More Points.
- There is also an option to convert your ‘Paytm Cashback Points’ to ‘Paytm Balance’ and turn it into digital currency. This can be used just like regular money in the Paytm wallet for bill payments, recharge, and shopping. You can also use the balance reward points in your account to buy a Paytm Gift Voucher.
How To Use Paytm Cashback Points
With the numerous advantages that come alongside the use of Paytm First Points redeem, the good news is that irrespective of the number of transactions, a person can gain reward points for every transaction they initiate.
In addition, the Paytm Business App assists businesses to keep a check on their reward points and redeem them timely. As soon as a merchant makes a transaction, they earn these reward points instantly.
Therefore, a person can receive Paytm First Points on as many transactions as they perform, unlimited. An important thing to consider here is the validity of these reward points. Paytm First Points usually expire within a year.
Hence, the accumulated First Points have to be redeemed often for mobile recharge, bill payments, shopping or can be exchanged for Paytm cash.
Paytm Cashback Points Value
The concept of the Paytm First Point system is quite simple. When a user pays the merchants with their Paytm account, they earn First Points with every transaction they make.
They are nothing but the rewards that you earn, similar to cashback. The merchants receiving the money can also earn the First Points through their business account every time they accept money.
For every 100 rupees through Paytm wallet, they receive 6 points and for every 100 rupees through UPI payment, they gain 1 point. Thus, the merchants earn more First Points with every transaction they accept.
Also Read : Best Refer and Earn App , Best Refer and Earn Demat Account
Conclusion
Aren’t these rewards a pleasant surprise? Why not? This is an enticing reward system wherein you get Paytm First Points every time you spend your money to buy something.
Regardless of the amount spent, these rewards can be earned for everyday transactions. The process is quite simple, accessible, and easily understandable to anyone.
The customers can not only use these rewards for shopping, gifting, bill payments, etc., by redeeming them on the best deals available every day on the best brands in a wide variety of categories.
Or you can choose to convert the points into Paytm money and transfer it into the Paytm wallet for further use. I hope you liked our article on how to redeem paytm cashback points, if you have any comments or suggestions do share them in the comments below.
Frequently Asked Questions
1. What is the value of Paytm’s First Points?
The value of every Paytm First Point is INR 0.10, i.e., 1 Point is equal to 10 paise. Just like the customers earning these rewards with every transaction, merchants, too, earn Paytm First Points every time they accept payments.
Merchants earn 6 points for 100 rupees and 1 point for every 100 rupees through UPI payment.
2. Do Paytm First Points expire?
Yes, the Paytm First Points expire within a year. Therefore, the users and the merchants have to check the accumulated points and redeem them timely. There is no limit for the point accumulation but valid only for a year.
3. How to use cashback points in Paytm?
Head to the Paytm app and find ‘Cashback and Offers’ in the drop-down list. Click on ‘Cashback Points’ and see how many points are available to redeem. Select the wide range of offers and listed deals and learn the process by clicking ‘How to Redeem?’
Thus, use these reward points to get the best deals on brands, bill payments, recharge, shopping, and convert the payback points into digital currency and save the wallet for later use
4. How many Paytm Points can be redeemed at once?
It depends on Offers and deals listed on the Paytm app. However, the remaining first points can be converted into Paytm money and stored in the wallet or used as e-vouchers.
