To be honest, I’ve definitely always been one of those people who don’t pay their bills on time. Either I forget, remember and just put it off, or am “too busy” to sign into all of my accounts and pay each bill individually. When Paytm approached me about trying out their app that was recently launched here in Canada, I admit I was skeptical.
After navigating through the app, discovering it’s many features and finding out you receive points that you can redeem for gift cards when you pay your bills, I was surprisingly sold! Free money for doing something I inevitably have to do anyway is a total win.
Allow me to take you through Paytm and give you a little insight on the app and what I have discovered while using it.
Firstly, as soon as you download the application and create an account you automatically receive 500 points. That being said, starting September 25th you will receive 10 000 points when you join! Hopefully that in itself will be enough incentive to give it a go! Once you have your account you are then able to log into a vast majority of bills that are out there in your name. For instance, phone, utility, taxes, credit cards and insurance. Yup that is correct, a one stop shop for all of your finest bills in one designated area, just waiting to be paid. What a delight! Except it actually kind of is because of both the point system and convenience. For every dollar paid you receive one point. Each brand offers a different free reward depending on the amount of points you want to redeem. I must say I was pleasantly surprised at the amount of brands partnered in the Rewards Marketplace. There is definitely something for everyone to utilize!
Another helpful feature in the app is SmartDeposit, which was designed so that you’re able to securely deposit money from your linked personal account into your Paytm account. This feature allows you to set up an automatic withdrawal that will transfer into Paytm cash every 2 weeks making it even easier to get your bills paid on time!
Lastly, Paytm also allows you to transfer money to other people with an account, truly making it your one stop banking shop. I love when things are simplified and all in one place especially when there are cash rewards. What a great incentive for me to get my act together and get my bills paid on time! Here’s hoping for improved financial responsibility and credit score for 2019!