About Paytm SBI Card
Paytm SBI Card is a co-branded credit card and an entry-level credit card offered by SBI Card in partnership with Paytm. It is the base variant of Paytm SBI Card SELECT and is suitable for users who frequently transact via Paytm.
This SBI credit card offers 3% rewards on travel, movies, and Paytm Mall spends, along with 2% rewards on other Paytm transactions. For non-Paytm spends, it provides a base reward rate of 1%. The accumulated reward points can be redeemed at a value of ₹1 per point, making it quite rewarding for everyday use.
Unlike alternatives like Paytm HDFC Credit Card, this card offers a complimentary Paytm First membership as a welcome benefit. You can renew this membership annually by spending ₹1 lakh, which is achievable for most users. However, the card does not offer an annual fee waiver or dining benefits like some competitors. Overall, it is a good choice for Paytm users looking for a simple card with basic rewards and digital benefits.
Paytm SBI Card Rewards Program
Rewards Program
- Earn 3% reward points on Paytm Mall, movies and travel bookings via Paytm
- Earn 2% reward points on other spends made via Paytm
- Earn 1% reward points on all other category spends
Reward Redemption
- Redeem reward points at a value of 1 RP = ₹1 for cashback or vouchers
Suggested Read: Best Rewards Credit Cards for Everyday Spending
Other Features and Benefits
Welcome Benefit
- Get complimentary 1-year Paytm First Membership on card activation
Milestone Benefit
- Get renewal of Paytm First Membership on annual spends of ₹1 Lakh
Also Read: Best Milestone Benefits Credit Cards
Insurance Coverage
- Get cyber fraud insurance cover of ₹1 Lakh
Fuel Surcharge Waiver
- Save 1% on fuel surcharge for transactions between ₹500 and ₹3,000, up to ₹100 per month
Also Read: Best Fuel Credit Cards
Fees and Charges
| Particulars | Amount |
|---|
| Joining Fee | Rs. 499 + Applicable Taxes |
| Annual Fee | Rs. 499 + Applicable Taxes |
| Finance Charges | 3.75% p.m. (45% p.a.) |
| Late Payment Charges | | For outstanding balance: | | | Up to Rs. 500 | Nil | | More than Rs. 500 up to Rs. 1,000 | Rs. 400 | | More than Rs. 1,000 up to Rs. 10,000 | Rs. 750 | | More than Rs. 10,000 up to Rs. 25,000 | Rs. 950 | | More than Rs. 25,000 up to Rs. 50,000 | Rs. 1,100 | | More than Rs. 50,000 | Rs. 1,300 |
|
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Document Required For Paytm SBI Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Click here to know More Terms and Conditions
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Paytm SBI Card Highlights
What do we like about this card?
- Earn up to 3% reward points on Paytm spends including shopping, movies and travel
- Get 2% rewards on other Paytm transactions and 1% on all other spends
- Redeem reward points at a value of 1 point = ₹1 for cashback or vouchers
- Complimentary 1-year Paytm First Membership on card activation
- Renew Paytm First Membership on spending ₹1 Lakh in a year
- Save 1% on fuel surcharge, up to ₹100 per month
- Get cyber fraud insurance cover of ₹1 Lakh
Things to Know Before you apply
Get this card if:
- You prefer using Paytm for online payments and shopping
- You want higher reward points on Paytm transactions
- You are looking for an entry-level credit card with simple benefits
- You can spend around ₹1 lakh annually to renew Paytm First Membership
Pros
- Get complimentary Paytm First Membership
- Earn up to 3% reward points on movies, travel, and Paytm Mall spends
- Simple reward redemption with 1 RP = ₹1 value
- Easy spending milestone to renew Paytm First Membership
Cons
- No travel or lifestyle benefits like lounge access
- No annual fee waiver option
- Base reward rate is low at 1% on non-Paytm spends
- No reward points on rent, fuel, and government transactions
SBI Bank Credit Card Contact Details
SBI Bank Credit Card offers multiple ways to get assistance for your credit card queries and services.
- Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
- Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
- Simply SMS: Send an SMS to 5676791 from your registered mobile number
For Further Support: Contact SBI Customer Care Center
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Frequently Asked Questions
The card comes with a joining and annual fee of ₹500. As a welcome benefit, you get complimentary Paytm First Membership, which can be renewed on spending ₹1 lakh annually.
The credit limit is decided by SBI Card based on your credit score, income, and repayment history. You will know the exact limit after your application is approved.
No, Paytm SBI Card does not provide airport lounge access. However, you can still earn rewards on travel bookings made via Paytm.
No, the card does not offer direct cashback. Instead, you earn reward points that can be redeemed at a value of ₹1 per reward point.
Yes, you can renew your Paytm First Membership every year by spending ₹1 lakh annually, which acts as a milestone benefit.
