By Shubham Sharma
Updated On September 10, 2021

Paytm SBI credit card is a co-branded card launched in co-partnership with Paytm by SBI cards. You get cashback of 3% on every Rs 100 spent on Paytm Mall, movies, and travel. In addition to this, you get a 2% cashback purchase made on all other categories using the Paytm App and a 1% cashback on other online and offline transactions. Furthermore, you get a complimentary subscription to Paytm First Membership and get benefits worth upto Rs 25,000. With this credit card, you get a free Paytm First Membership voucher on annual spending of Rs 1,00,000. There are several other benefits associated with this credit card. Read below to know more in detail about Paytm SBI credit card.

Best Suited For

Shopping |

Joining Fee

Rs 499 + GST

Reward Type

Cashback |

Product Details

  • 3% Cashback on every Rs. 100 spent on all Paytm Mall, movies, and travel
  • 2% Cashback on every Rs. 100 spent on all other purchases on Paytm App
  • 1% Cashback on every Rs. 100 spent on any other offline/online transactions
  • Complimentary Paytm First membership worth Rs 899
  • Liability Protection cover of Rs 1,00,000 in case of fraudulent transaction
  • 1% surcharge waiver on fuel transactions between Rs 500 and Rs 3000

Rewards and Benefits

Welcome Benefits

Complimentary Paytm First membership worth Rs 899.

Movie & Dining

NA

Rewards Rate

3% Cashback on every Rs. 100 spent on all Paytm Mall, movies, and travel. You can earn 2% Cashback on every Rs. 100 spent on all other purchases on Paytm App on this card. You can also earn 1% Cashback on every Rs. 100 spent on any other offline/online transactions.

Reward Redemption

Redeem cashback on Paytm gift vouchers balance

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

Covers upto Rs. 1 Lakh in case of card loss/theft.

Fees & Charges

Joining Fee

Rs 499 + GST

Renewal Fee

Rs 499 + GST

Spend based Waiver

NA

Rewards Redemption Fee

₹ 99 (on gifts, cash redemption & specific vouchers only)

Rewards Redemption Fee

₹ 99 (on gifts, cash redemption & specific vouchers only)

Foreign Currency Markup

3.5% on the conversion amount

Interest Rates

3.50% p.m. (42% p.a.)

Fuel Surcharge

Avail 1% fuel surcharge waiver at all petrol pumps in India on transactions between ₹ 500 – ₹ 3000. The maximum limit of the fuel surcharge waiver is capped at ₹ 100.

Cash Advance Charge

2.5% of the advance amount (minimum of Rs. 500)

Add-on Card Fee

Nil

Paytm SBI Credit Card CashBack

  • You can earn 3% Cashback on every Rs. 100 spent on all Paytm Mall, movies, and travel using Paytm SBI credit card.
  • You can earn 2% Cashback on every Rs. 100 spent on all other purchases on Paytm App on this card.
  • You can also earn 1% Cashback on every Rs. 100 spent on any other offline/online transactions.
  • The cashback is not applicable on e-wallet loading transactions using this credit card.

Reward Redemption

You can redeem your reward points on a minimum value of Rs 100 against the Paytm Gift voucher balance with Paytm SBI credit card.

Welcome Benefits

You get a complimentary Paytm First membership post your first successful retail transaction on this card. You get benefits worth Rs 25,000 using this Paytm First Membership.

Renewal Benefits

Get a complimentary Paytm First Membership voucher on spending Rs. 1 lakh in a year.

Other Benefits

  • You get a protection cover of Rs 1 lakh in case of any fraudulent transactions reported within the stipulated time period
  • You get a 1% surcharge waiver on fuel transactions between Rs 500 and Rs 3000. You can get a maximum surcharge waiver of Rs 100 per statement cycle.

Conclusion

Paytm SBI card is a basic entry-level card for beginners with a very limited credit background. A nominal fee of Rs 499 is charged on this credit card. The card provides you with a cashback of upto 3% on Paytm mall, movies, and travels. Along with it you also get a complimentary subscription to PayTm First membership on which you get benefits worth upto Rs 25,000. If you are a newbie, who just entering the world of credit cards then this card might just be a great option for you.

FAQs:

You get charged an annual fee of Rs 499 on Paytm SBI credit card

You get charged an interest rate of 3.5% per month (42% p.a)

You get a protection liability cover of Rs 1 lakh on this Paytm SBI credit card

Cashback is not applicable on e-wallet loading transactions using this credit card.

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