Paytm SBI Credit Card

An entry-level, low-fee card appropriate for Paytm shoppers, the Paytm SBI Credit Card is offered by SBI. Along with 1% flat cashback on all other transactions, you can enjoy significant cashback on Paytm Mall purchases, cinema tickets, and travel. The best option for cashback on internet purchases is a credit card. This is one of two co-branded credit cards that Paytm and SBI Card jointly produced. Paytm SBI Card Select is the other version.

A co-branded card called the Paytm SBI credit card was introduced by SBI cards in collaboration with Paytm. For every Rs 100 spent on Paytm Mall, movies, and travel, you receive 3% cashback. A co-branded card called the Paytm SBI credit card was introduced by SBI cards in collaboration with Paytm. For every Rs 100 spent on Paytm Mall, movies, and travel, you receive 3% cashback. You also receive 2% cashback on purchases made through the Paytm app in all other categories and 1% cashback on all other online and offline transactions. Additionally, you receive a free Paytm First Membership subscription with features valued up to Rs 25,000. For every Rs 100,000 you spend on this credit card annually, you receive a free Paytm First Membership voucher.

Fees And Charges Of Paytm SBI Credit Card

Particulars	Fees and Charges
Joining Fees of the Card	₹499
Renewal Fees of the Card	499 per year
Add-on Fees	NIL
Interest-Free Credit Period	Between 20 and 50 days
Finance Charges	Whichever is greater: Rs. 25 or 3.35% monthly
Minimum Amount Due Charges	5% of the Outstanding Balance
Cash Advance Limit	80% of the available credit, up to a daily maximum of Rs.12,000.
Cash Withdrawal Fees for Domestic Withdrawal	A minimum of 500 and 2.5% of the Transaction Amount.
Cash Withdrawal Fees for International Withdrawal	A minimum of 500 and 2.5% of the Transaction Amount.
Statement Retrieval Charges	Rs. 100 for each statement
Cheque Pickup Charges	₹100
Payment Dishonor Fees	2% of the total payment, with a minimum of Rs. 450
Late Payment Charges	-NIL for payments between 0 and 500. -Rs. 400 for any balance owing between 500 and 1000. -Rs. 750 for any balance owing between 1001 and 10000. -Rs. 950 for any balance owing between 10001 and 25000. -Rs.1100 for any balance owing between 2501 and 50000. -Rs. 1300 for any debt over Rs. 5,000.
Card Replacement Charges	₹100
Foreign Currency Transaction	3.5% in conversion markup fees
Cash Payment Fees	₹199
Railway Tickets through IRCTC Official Website	1.8 percent of the transaction plus service fees

Features And Benefits Of Paytm SBI Credit Card

You can take advantage of a few unique features and advantages with this credit card. Therefore, you must carefully consider the advantages of this card before applying for it.

Welcome Benefits

• Enjoy Paytm First benefits of up to Rs. 75,000 with a free subscription.
• Activation of the Paytm First Membership follows a retail transaction.

Terms And Conditions

• This membership will be active for a year starting on the card’s activation date.

Cashback Offers

• Get 3% cash back on Paytm Mall purchases, movie tickets, and travel.
• Get 2% Cashback on all other Paytm App purchases.
• Enjoy 1% Cashback on all other purchases made at millions of physical and online retailers.

Details	Cashback Rate
Movies, travel, and Paytm Mall	3%
All other Paytm app purchases	2%
Other expenditures at brick-and-mortar and internet retailers	1%

Terms And Conditions

• If you make a minimum transaction of 100, you will receive the cashback.
• The Paytm Gift Voucher will be redeemed for the Cashback’s value.

Cyber Fraud Insurance

• Get a Paytm SBI Credit Card with a Cyber Fraud Insurance Cover of up to Rs. 1,000,000 today.
• The cardholder will be shielded from any card misuse thanks to this feature.

Terms And Conditions

• This insurance does not provide coverage for Gross Negligence.
• A claim based on a willful violation of the law is not admissible.
• The bank should be notified of claims within 45 days of the fraudulent transaction.

Milestone Benefits

• At the time of renewal, you will receive a free Paytm First Membership Voucher if your annual retail spending totals Rs. 1 lac or more.

Fuel Surcharge Waiver

• Take advantage of the 1% Fuel Surcharge Waiver at the filling stations.
• The maximum Surcharge waiver each statement cycle is Rs.100.

Terms And Conditions

• Rs. 500 transactions are required to be eligible for the waiver of the fuel surcharge.
• The maximum transaction for the waiver of the fuel surcharge is Rs.3,000.

Convenient To Use

• With the use of the Paytm or SBI Card applications, you may effortlessly manage the SBI Paytm Credit Card.
• The Paytm App offers features like the Spend Analyzer, Smart Spend Control, One Tap Lock / Unlock, and Convenient Card Re-issue.

Worldwide Acceptance

• Since it is an international credit card, it can be used anywhere.
• 3.25 million shops in India and 24 million outlets worldwide accept it.
• This credit card is accepted everywhere that takes Visa Cards.

Add-On Cards

• You can also get your family members add-on credit cards.
• For your parents, spouse, kids, and siblings who are older than 18, you can get an add-on card.

Pay Your Utility Bills

• Pay your utility bills using your Paytm SBI Credit Card.
• Through this credit card, you can pay your telephone, electric, mobile, and other utility bills.

Balance Transfer

• On the SBI Credit Card, you can transfer the balance from other credit cards.
• Take advantage of a low interest rate on the EMIs that are due following the balance transfer.

EMI Conversion

• Convert transactions worth at least Rs. 2500 into EMIs.
• Take advantage of the EMIs’ competitive interest rate.
• Within 30 days after the transaction date, you can convert the transactions into EMIs.

Easy Money Facility

• This credit card offers an easy money option.
• With this credit card, you might receive a check or a draught at your door against your credit limit.

Transnational Recognition

Due to its repute abroad, the Paytm SBI credit card is accepted at 2.4 million locations worldwide.

Reward Redemption

With the Paytm SBI credit card, reward points can be redeemed for a minimum of Rs. 100 against the balance of a Paytm gift certificate.

Who Is Eligible To Apply For Paytm SBI Credit Card?

Only a small group of Paytm clients are given access to the SBI Card. However, you must meet the following requirements in order to be eligible for this card:

Eligibility Criteria	Details
Minimum Age	21 years
Occupation	Both salaried and independent
Customer Type	Only a few clients of Paytm
Income Requirement	No requirement for a minimum income

Documents Required For Paytm SBI Credit Card

You can use the Paytm app to schedule the KYC verification appointment after submitting your application. The aforementioned stated documents must be submitted:

Proof of Identity (copy)	PAN Cards, Aadhaar Cards, Driver’s Licenses, Passports, Voter IDs, Person of Indian Origin Cards, Job Cards Issued by NREGA, Overseas Citizens of India Cards correspondence from the UIDAI
Proof of Address (copy)	Aadhaar cards, licenses, passports, utility bills that are no older than three months, ration cards, registration documents for properties, cards proving Indian ancestry, job cards issued by NREGA, and bank account statements
Other Documents	A passport-sized photo

How To Apply For Paytm SBI Credit Card?

Through the Paytm mobile app, you can apply for the SBI Paytm credit card. What you must do is as follows:

• Step 1: Install the Paytm app on your smartphone after downloading it.
• Step 2: Open the app in step 2 and sign in with your phone number and OTP.
• Step 3: On the app’s home page, click the “Credit Cards” link under the “Loans & Credit Cards” section.
• Step 4: Press the ‘Check Eligibility and Apply’ button.
• Step 5: Fill out the application completely and hit “Submit.”
• Step 6: Simply finish the application if you are qualified.

To apply offline, go to the State Bank branch that is closest to you and complete the paper application there.

Paytm SBI Credit Card Bill Payment

The SBI Credit Cards can be paid for online in a number of ways. It is preferable to use the online methods to make SBI Paytm Card Payments because you are well aware that payments made by cheque or cash are subject to fees.

• NEFT
• PayNet
• SBI Online
• NACH Facility
• SBI Mobile Application
• YONO Cash
• UPI Payments
• Billdesk

Other Similar Cashback Credit Cards

Credit Card	Annual Fees	Comparative Feature
Amazon Pay ICICI Bank Credit Card	Nil	Amazon offers up to 5% cashback, and all other purchases earn a flat 1% reward.
HSBC Cashback Credit Card	Rs. 750	1.5% cashback on purchases made online, and 1% cashback on all other purchases.
Flipkart Axis Bank Card	Rs. 500	5% cashback on Myntra, Flipkart, and 2GUD.
Axis Ace Credit Card	Rs. 499	Google Pay offers an unlimited 5% reward on bill payments, DTH, and cellphone recharges.

Comparisons: Paytm SBI Credit Card Vs SBI SimplyClick Credit Card

Categories	Paytm SBI Credit Card	SBI SimplyClick Credit Card
Joining Fees	Rs. 499	Rs. 499
Editor’s Rating	3.1	3.7
Key Features	The Paytm SBI Credit Card’s Welcome rewards include access to rewards worth up to Rs. 75,000 and a free Paytm First Membership. The Paytm First Membership can only be obtained after the card has been activated and a transaction has been completed using the card. Receive 3% Cashback on Paytm Mall, Movies, and Travel purchases Get 2% Cashback on all other Paytm App purchases. Get 1% Cashback on any other purchases made at both offline and online retailers. Receive a free Paytm First Membership Voucher at renewal after spending Rs. 100,000 on retail per year. Get rid of the 1% fuel levy on purchases between Rs. 500 and Rs. 3000. For each credit card, the maximum surcharge waiver each statement cycle is Rs. 100. The Paytm SBI Cardholders will be able to get insurance coverage worth Rs. 1,000,000 for monetary losses brought on by fraudulent credit card use. Keep in mind that this is a special benefit offered for a card with its fee range. Charges for Priority Pass Lounges: In India, using an airport lounge will cost you Rs. 27 per visit plus any applicable taxes if you’re a Priority Pass member. Additionally, every Priority Pass Airport Lounge visit outside of India will incur a use price of Rs. 27 per visit plus any relevant taxes once the complimentary visits have been used up. Railway counter surcharges for tickets: Rs. 30 plus 2.5% of the transaction amount Surcharges for train tickets are 1% of the transaction amount plus any relevant taxes (irctc.co.in).	Receive a Rs. 500 Amazon.in Gift Card upon joining Earn 10X Reward Points on purchases made through our exclusive partners Lenskart, Amazon, BookMyShow, Cleartrip, Netmeds, and UrbanClap. On all other online purchases, receive 5X incentives. 1% off of the fuel surcharge for any transaction between Rs. 500 and Rs. Spend Rs. 1,000,000 and your SimplyCLICK SBI card’s annual fee of Rs. 499 will be waived the next year.
Editor’s Review	Pros Benefit Structure for Free Paytm First Membership Based on Cashback Spends: 3% Cashback on Paytm app purchases made for travel, movies and retail stores 2% Cashback on all other Paytm app purchases 1% Cashback on all other purchases Free INR 100,000 in cyber fraud insurance Drawbacks No free access to airport lounges No rewards programme No free access to golf courses or classes	Pros On all other purchases, earn one reward point per Rs. 100. e-coupon worth Rs. 2,000 for every Rs. 1 lakh spent online each year, and a Rs. 2,000 voucher for every Rs. 2 lakh spent online each year. Cons No golf or coaching events There are no specific advantages for travel, food, or entertainment few alternatives for redeeming rewards

Paytm SBI Credit Card Vs. Kotak Delight Platinum Credit Card

Categories	Paytm SBI Credit Card	Kotak Delight Platinum Credit Card
Joining Fees	Rs. 499	Rs. 1,999
Editor’s Rating	3.1	4.3
Key Features	The Paytm SBI Credit Card’s Welcome rewards include access to rewards worth up to Rs. 75,000 and a free Paytm First Membership. The Paytm First Membership can only be obtained after the card has been activated and a transaction has been completed using the card. Receive 3% Cashback on Paytm Mall, Movies, and Travel purchases Get 2% Cashback on all other Paytm App purchases. Get 1% Cashback on any other purchases made at both offline and online retailers. Receive a free Paytm First Membership Voucher at renewal after spending Rs. 100,000 on retail per year. Get rid of the 1% fuel levy on purchases between Rs. 500 and Rs. 3000. For each credit card, the maximum surcharge waiver each statement cycle is Rs. 100. The Paytm SBI Cardholders will be able to get insurance coverage worth Rs. 1,000,000 for monetary losses brought on by fraudulent credit card use. Keep in mind that this is a special benefit offered for a card with its fee range. Charges for Priority Pass Lounges: In India, using an airport lounge will cost you Rs. 27 per visit plus any applicable taxes if you’re a Priority Pass member. Additionally, every Priority Pass Airport Lounge visit outside of India will incur a use price of Rs. 27 per visit plus any relevant taxes once the complimentary visits have been used up. Railway counter surcharges for tickets: Rs. 30 plus 2.5% of the transaction amount Surcharges for train tickets are 1% of the transaction amount plus any relevant taxes (irctc.co.in).	In a monthly billing cycle, a maximum cash-back of Rs. 600, which includes both dining and entertainment transactions, would be offered. 10% Cash-Back on Movies Spend Rs. 1,25,000 per six months and receive four free PVR tickets or Rs. 750 cash-back. Fuel surcharge waiver. Railway surcharge waiver.
Editor’s Review	Pros Benefit Structure for Free Paytm First Membership Based on Cashback Spends: 3% Cashback on Paytm app purchases made for travel, movies and retail stores 2% Cashback on all other Paytm app purchases 1% Cashback on all other purchases Free INR 100,000 in cyber fraud insurance Drawbacks No free access to airport lounges No rewards programme No free access to golf courses or classes	Pros 10% cash back on movie and dining purchases Get up to eight PVR tickets for free or Rs. 1500 in rebates per year. If your credit card is stolen, you’ll be covered up to seven days before reporting for fraudulent use up to Rs. 1,25,000. Cons No golf or coaching events No free will Access to airport lounges Registration fee: Rs. 1,999

Paytm SBI Credit Card Vs. BOB Financial Prime

Categories	Paytm SBI Credit Card	BOB Financial Prime
Joining Fees	Rs. 499	Rs. 0
Editor’s Rating	3.1	3.4
Key Features	The Paytm SBI Credit Card’s Welcome rewards include access to rewards worth up to Rs. 75,000 and a free Paytm First Membership. The Paytm First Membership can only be obtained after the card has been activated and a transaction has been completed using the card. Receive 3% Cashback on Paytm Mall, Movies, and Travel purchases Get 2% Cashback on all other Paytm App purchases. Get 1% Cashback on any other purchases made at both offline and online retailers. Receive a free Paytm First Membership Voucher at renewal after spending Rs. 100,000 on retail per year. Get rid of the 1% fuel levy on purchases between Rs. 500 and Rs. 3000. For each credit card, the maximum surcharge waiver each statement cycle is Rs. 100. The Paytm SBI Cardholders will be able to get insurance coverage worth Rs. 1,000,000 for monetary losses brought on by fraudulent credit card use. Keep in mind that this is a special benefit offered for a card with its fee range. Charges for Priority Pass Lounges: In India, using an airport lounge will cost you Rs. 27 per visit plus any applicable taxes if you’re a Priority Pass member. Additionally, every Priority Pass Airport Lounge visit outside of India will incur a use price of Rs. 27 per visit plus any relevant taxes once the complimentary visits have been used up. Railway counter surcharges for tickets: Rs. 30 plus 2.5% of the transaction amount Surcharges for train tickets are 1% of the transaction amount plus any relevant taxes (irctc.co.in).	Get PRIME without providing any income documentation when you deposit at least Rs. Since PRIME is perpetually free, there are no first-year or recurring fees. For all fuel purchases between Rs 400 and Rs 5,000, the 1% fuel fee is waived (up to a maximum of Rs 250 per month). Easily convert purchases made with your card that total more than Rs 2,500 into 6 or 12 month EMIs. Free Personal Accidental Death Cover guarantees your family’s financial security.
Editor’s Review	Pros Benefit Structure for Free Paytm First Membership Based on Cashback Spends: 3% Cashback on Paytm app purchases made for travel, movies and retail stores 2% Cashback on all other Paytm app purchases 1% Cashback on all other purchases Free INR 100,000 in cyber fraud insurance Drawbacks No free access to airport lounges No rewards programme No free access to golf courses or classes	Pros Cashback of 1% No charge Minimum deposit of 15,000 Rupees Negatives No benefits or advancements No golf or coaching events No free access to airport lounges

Conclusion

The Paytm SBI card is a straightforward starter card for people who have little credit history. This credit card is charged a small fee of Rs. 499. The card gives you up to 3% cashback on purchases made at the Paytm Mall, at theatres, and on travel. Along with it, you also receive a free PayTm First membership, which entitles you to advantages valued up to Rs 25,000. This card may be an excellent choice for you if you are a newcomer to the world of credit cards.

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