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Paytm SBI Card

Product Details
Credit Card Name : 

Paytm SBI Card

Bank Name :

State Bank Of India

Type :

Rewards Credit Card

Interest Rate : 

3.50% per month (42% per annum) from the transaction date. 

Eligibility :

Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.

Paytm SBI Card
Pros
  • Welcome Benefits: Free Paytm First membership.

  • Reward System: 3% cashback on Paytm Mall, movies and travel. 2% cashback on all other purchases on Paytm app. 1% cashback on any other spends across millions of offline and online stores. 

  • Free cyber fraud insurance cover of INR 1,00,000 on your Paytm SBI Card.

  • Milestone Benefits: Get voucher on renewal of Paytm First membership and on achieving retail spends of INR 1,00,000 on your card during one membership year.

Cons
  • Low cashback rate.

  • No free movie tickets. 

  • Limited value add benefits.

Pros & Cons
Welcome Benefits

Welcome Benefits: Free Paytm First membership.

Rewards System

Reward System: 3% cashback on Paytm Mall, movies and travel. 2% cashback on all other purchases on Paytm app. 1% cashback on any other spends across millions of offline and online stores. 

International Forex Markup

3.5%. 

Welcome Benefits and Reward System
Special Features

Reward System: 3% cashback on Paytm Mall, movies and travel.

Eligibility Criteria

Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.

Benefits
  • 3 % discount on paytm mall and movies and travel.

  • Card apparently has low income eligibility threshold. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

You can apply for the Paytm SBI Card through two major methods:


1. Online:

  • Paytm App:Open the Paytm app on your phone and navigate to the "Loans & Credit Cards" section.
    Click on "Credit Card" and choose the specific Paytm SBI card you're interested in.
    Follow the on-screen instructions, providing your PAN and other details. Review and accept the terms and conditions, and submit your application.
    You'll receive a notification about the status of your application within a few days.

  • Bank's Website:Visit the website of the issuing bank (SBI).
    Navigate to the "Credit Cards" button  and search for the specific Paytm SBI Credit Card.
    Click on "Apply Now" button and fill out the online application form.
    Submit the form and wait for the bank's response.

2. Offline:

  • Bank Branch:Visit a SBI branch express your interest in applying for the Paytm SBI card.
    A bank representative will assist you in filling out the  application form and guide you through the process.
    Submit the completed application form along with the requisite documents.
    SBI will then process your application and inform you about the decision.

Contact Details

l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)

Account Opening and Procedure
Paytm SBI Card Review

The USP of the card is 3% cashback on Paytm Mall, movies and travel. Otherwise the card has little to offer to its users. Overall it is an average beginner level credit card.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

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Fees & Charges
  • Annual Fee (one time): INR 499 + Taxes

  • Renewal Fee (per annum): INR 499 + Taxes.

  • Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs

  • Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date. 

  • Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000  up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000. 

  • Reward Redemption Fees: INR 99/- per redemption. 

Fuel Surcharge

1% Fuel Surcharge waiver for each transaction between INR 500 and INR 4,000. Maximum Surcharge waiver of INR 100 per statement cycle, per credit card account.

Billing Cycle

30 days.

Fees & Charges
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