Paytm SBI Credit Card
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Users will get a free Paytm First membership.
Milestone Benefits
Milestone Benefits: Users will get a voucher on renewal of their Paytm First membership and on achieving retail spends of Rs 1,00,000 on their card during one membership year.
Cashback Rate
3% cashback on Paytm Mall, movies and travel.
2% cashback on all other purchases on the Paytm app.
1% cashback on any other spends across millions of offline and online stores.
Movie Benefits
3% cashback on Paytm Mall, movies and travel.
Dining Benefits
None.
Other Benefits
Users will get free cyber fraud insurance coverage of Rs 1,00,000 on their Paytm SBI Card.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefits: Users will get a free Paytm First membership.
Milestone Benefits
Milestone Benefits: Users will get a voucher on renewal of their Paytm First membership and on achieving retail spends of Rs 1,00,000 on their card during one membership year.
Cashback Rate
3% cashback on Paytm Mall, movies and travel.
2% cashback on all other purchases on the Paytm app.
1% cashback on any other spends across millions of offline and online stores.
Movie Benefits
3% cashback on Paytm Mall, movies and travel.
Dining Benefits
None.
Other Benefits
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Lounge Access
None.
Fees & Charges
Joining Fee
INR 499 + Taxes
Annual Fee
INR 499 + Taxes
Cash Advance Fee
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
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
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.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fees & Charges
Joining Fee
INR 499 + Taxes
Annual Fee
INR 499 + Taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
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.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
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.
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
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.
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
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai