Paytm SBI Credit Card
The Paytm SBI Credit Card is a co-branded cashback card from SBI Card and Paytm that rewards your everyday spending, especially purchases made through the Paytm app. It offers cashback on Paytm app spends, a fuel surcharge waiver, and cyber fraud insurance cover. The joining and annual fee is Rs.499.
Key Benefits of Paytm SBI Card
- Receive a cashback of 3% on travel bookings via Paytm. Paytm Mall and movie ticket purchases via the Paytm app earn 2% cashback.
- Enjoy 1% as fuel surcharge waiver on every transaction ranging between Rs.500 and Rs.3,000 at all petrol stations in India.
- Enjoy 1% cashback on your purchases at online and offline stores.
Features and Benefits of Paytm SBI Card
Welcome benefits
- You will get a welcome benefit of up to Rs.75,000 with a free Paytm First Membership.
Cashback benefits
- Get 3% cashback on travel bookings via Paytm. Paytm Mall and movie ticket bookings via the Paytm app earn 2% cashback.
- Get 2% cashback on every other purchase on the Paytm app.
- You will receive 1% cashback on your expenses across online and offline stores.
Insurance benefits
- You will receive extra protection against any cyber fraud under the Cyber Fraud Insurance cover of Rs.1 lakh on your Paytm SBI Card.
Milestone benefits
- You will receive a free Paytm First Membership Voucher on renewal when your annual expenses reach Rs.1 lakh.
Fuel benefits
- You will get a 1% fuel surcharge waiver on transactions between Rs.500 and Rs.3,000.
- The maximum amount of waiver you can receive is Rs.100 for every statement cycle.
Other benefits
- Use Smart Card Control features such as Spend Analyzer, Smart Spend Control, and One Tap Lock/Unlock on the Paytm app or SBI Card app.
- Convert big-ticket purchases into easy instalments with the Flexipay EMI facility.
- The Paytm SBI Card offers global acceptance, so you can use it for purchases in India and abroad.
Paytm SBI Card Fees and Charges
Type of Charge | Amount |
Annual Fee | Rs.499 |
Renewal Fee | Rs.499 |
Finance Charges | 3.75% per month (45% p.a.) |
Add-On card fee | Nil |
Cash advance fee |
|
Payment dishonor fee | 2% of the payment amount; minimum of Rs.450 |
Statement request | Rs.100 per statement (more than 2 months old) |
Cash payment fee | Rs.250 |
Late payment |
|
Cheque payment fee | Rs.100 |
Over limit fee | 2.5% of the over limit amount; minimum of Rs.600 |
Rewards redemption fee | Rs.99 |
Foreign currency transaction | 3.50% |
Note: The interest rates are effective from 1 September 2026.
Documents Required to Apply for Paytm SBI Card
Proof of Address |
|
Income Proof |
|
Identity Proof |
|
Summary
The Paytm SBI Credit Card is a co-branded cashback card that rewards Paytm app spends with tiered cashback, alongside a fuel surcharge waiver and cyber fraud insurance cover. It suits cardholders who use Paytm regularly for travel, bills and everyday purchases, for a joining and annual fee of Rs.499. Check the fees and benefits tables above before applying for the Paytm SBI Credit Card.
FAQs on Paytm SBI Card
1.What is the Paytm SBI Credit Card?
The Paytm SBI Credit Card is a co-branded cashback credit card issued jointly by SBI Card and Paytm. It rewards cardholders who make frequent payments through the Paytm app. The card also includes fuel- and insurance-related benefits detailed above.
2.What benefits does the Paytm SBI Credit Card offer?
The Paytm SBI Credit Card offers tiered cashback on Paytm app purchases, a fuel surcharge waiver, and a cyber fraud insurance cover. It also includes a milestone benefit tied to annual spending. The full benefit structure is listed in the sections above.
3.Does the Paytm SBI Credit Card offer a welcome benefit?
Yes, the Paytm SBI Credit Card offers a welcome benefit to new cardholders on activation. The nature of this benefit is detailed in the benefits section above. It is credited once the card is successfully activated.
4. How does cashback work on the Paytm SBI Credit Card?
The Paytm SBI Credit Card offers cashback that varies by where you spend, with the highest rate reserved for select Paytm app purchases. Purchases made outside the Paytm app earn cashback at a lower, base rate. The exact cashback tiers are listed in the cashback benefits section above.
5.Does the Paytm SBI Credit Card provide a fuel surcharge waiver?
Yes, the Paytm SBI Credit Card offers a fuel surcharge waiver on transactions at petrol pumps across India. The waiver applies within a specified transaction range and is capped per statement cycle. Full details are listed in the fuel benefits section above.
6.Is cyber fraud insurance included with the Paytm SBI Credit Card?
Yes, the Paytm SBI Credit Card includes a cyber fraud insurance cover that protects cardholders against financial loss from fraudulent card use. The exact cover amount is listed in the insurance benefits section above. This cover applies automatically to eligible cardholders.
7.What is the milestone benefit on the Paytm SBI Credit Card?
The Paytm SBI Credit Card rewards cardholders who cross a set annual spending threshold with a renewal-linked milestone benefit. This benefit is credited once the milestone spend is achieved within a card year. The applicable spend threshold is listed in the milestone benefits section above.
8. What fees apply to the Paytm SBI Credit Card?
The Paytm SBI Credit Card carries a joining fee, an annual fee, and other charges such as cash advance and late payment fees. All applicable fees are listed in the fees and charges table above. These charges may be revised by the issuer from time to time.
9.What documents are required to apply for the Paytm SBI Credit Card?
You need to submit proof of address, proof of identity, and income proof to apply for the Paytm SBI Credit Card. Accepted documents for each category are listed in the documents section above. Salaried and self-employed applicants may need to submit slightly different income proof.
10.Can I re-apply for the Paytm SBI Credit Card if my application is rejected?
Yes, you can re-apply for the Paytm SBI Credit Card through the bank's website or at an SBI branch. You should wait until six months have passed since your earlier application was rejected. Applying again sooner may not be considered.
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