PostPe App is a digital payment platform that lets you make all types of purchases where you can buy now and pay later for anything. This app provides you economic freedom on your purchases and also enables you to track your monthly expenses easily.
PostPe is a Lifetime Free Card that provides you an interest-free Credit Limit of up to 1 Lakh for 30 days. PostPe is a special type of payment platform where you can pay your bills through scanning QR Code, and also works as a digital credit card with a credit limit of up to 1 Lakh.
In today’s post, we will look at the features of the PostPe App and how you can apply for the same. Here’s an overview.
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How to obtain your Credit Limit in the PostPe Card?
To take credit limit in the PostPe App, the minimum age limit for the users is 18 years and you should have a PAN Card with you to check your Credit Score.
When you register yourself in the app through your PAN Card, it will automatically track your Credit Score / CIBIL Score and as per your CIBIL Score, the app will provide you the credit limit in the app. If your CIBIL Score is very high, then you get a high credit limit or vice-versa.
The credit limit in this app is given based on the PAN Card only. You can take a Credit Limit of up to Rs. 1 lakh from this app; here you can utilize this credit limit without any interest rate. You don’t have to pay any extra interest on the credit limit for 30 days.
Features of PostPe Application:
No Annual Charges – PostPe is 100% Free to use. There are no hidden charges.
Scan & Pay – With this feature, you can pay to various offline and online stores with the PostPe Credit Limit. You just have to scan the QR Code and pay them directly. All this is done with the help of UPI ID which is assigned to you when you register yourself in the app.
Virtual Credit Card – This app also provide its user a virtual Credit Card from Mastercard which they can use anytime, anywhere. This credit card can be used for both offline and online transactions with no annual charge.
Cashbacks and Rewards – The user also unlocks cashback and rewards on various transactions with this app. You can easily earn reward points whenever you pay through the credit limit in the app. You also get Rs. 100 instant cashback on your first transaction in this app.
One Single Bill for Various Transactions – One of the best features of this app is that you’ve to pay a single bill for all types of transactions in the PostPe app. PostPe collects all your monthly transactions and creates a single bill repayment for the next month. Hence, you don’t have to pay the bill separately for different offline and online transactions.
How to apply for the PostPe Card?
You can easily apply for the PostPe app by following these steps
- Download the PostPe App.
- Now, you’ve to sign up either with your Phone Number or your Whatsapp Number. It is to be noted that the number through which you’re signing – up should be linked with your PAN Card.
- A four-digit OTP will be sent to your mobile number respectfully. Enter the OTP which has been sent to your mobile number and click on Verify.
- Now, the app will grant some permission like Phone, Location, Contact, etc. You’ve to allow all the permissions by clicking on the Allow
- Now, you’ve to enter your PAN Card Number and click on the Continue
- After a few minutes, the app will give your Credit Limit as per your CIBIL Score and the CIBIL Score will be generated through the PAN Card.
Now, the main dashboard of the app will open with your credit limit which you can pay next month. You can also use the Scan and Pay feature on the app. You can also convert your bill repayment amount into easy EMI Installments in the Convert to EMI section.
Final Verdict:
You can repay your amount through multiple payment methods like UPI, Credit Cards, Debit Cards, Netbanking, etc. The repayment bill is generated on the 1st day of every month which you can repay within 5 days of bill generation. The app is in the early access version so you can face a few bugs or errors in the application which will be removed very soon by the app developer.
Apart from this if you have any questions regarding PostPe then feel free to ask us in the comment section. We would love to help you as soon as possible.
Also, join our FinTalks community on Facebook to stay updated on the latest Indian finance topics. I will be back soon with another interesting update. Keep visiting HiTricks. Don’t forget to join our Telegram Channel for getting the latest tech updates.
Anuj is a passionate blogger from Bareilly, Uttar Pradesh. Currently pursuing B.sc in Programming and Data Science from IIT Madras. Apart from being an avid learner and a tech enthusiast, he loves playing PC Games and likes to keep himself updated with the latest trends in the tech industry.
