By: OurMoneyGuide || Last updated on: May 15, 2024
Paytm SBI Card is a cobranded card in partnership with Paytm, a well known e-commerce platform. It offers special benefits on a variety of spends and purchases on the Paytm platform.
You earn ₹3 cashback, on every ₹100 you spend on Paytm transactions listed below (no limit on cashback)-
– Travel (flights, train & bus) tickets
– Shopping at Paytm Mall
– Movie tickets
Cashback is credited as Paytm vouchers, in your Paytm Wallet.
You earn ₹2 cashback, on every ₹100 you spend on all other Paytm transaction (no limit on cashback).
Cashback is credited as Paytm vouchers, in your Paytm Wallet.
You earn ₹1 cashback, on every ₹100 you spend on all other transactions (no limit on cashback).
Cashback is credited as Paytm vouchers, in your Paytm Wallet.
No cashback is given on rent transaction, wallet loads and fuel purchases.
You get a free cyber fraud insurance cover of ₹1 lakh.
This cover protects against any cyberfraud related fraudulent transactions on your credit card, giving you peace of mind.
You get 1% fuel surcharge waiver, on fuel transactions between ₹500 and ₹3000 only. And only on fuel spends upto ₹10,000 per month, since the maximum waiver is capped at ₹100 per month.
Please click here for all the options to contact the bank for various issues and escalations, including-
– Lost and stolen cards : you can block on your mobile app or internet banking OR through SMS option OR by calling customer care
– Complaints and grievances : including steps on how to escalate to higher levels in case your issue is not resolved
– Raise and manage disputes
You can get add-on cards for your parents, spouse, children or siblings above the age of 18 years. For more details, and important terms and conditions, please click here.
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹499 | Welcome offer – You get a complimentary Paytm First membership. |
| Renewal fee from 2nd year onwards | ₹499 | Renewal offer – Your Paytm First membership is renewed, if you spend ₹1 lakh or more in the previous year. |
Please refer to the below table for details
| Amount due | Late Fee |
|---|---|
| Less than ₹500 | Nil |
| ₹501 to ₹1,000 | ₹400 |
| ₹1,001 to ₹10,000 | ₹750 |
| ₹10,001 to ₹25,000 | ₹950 |
| ₹25000 to ₹50000 | ₹1100 |
| Over ₹50000 | ₹1300 |
3.50% of the transaction value.
3.50% per month (42% p.a.).
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Credit Card Fees & Charges
Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for the SBI Credit Card, there are certain basic criteria that all applicants must fulfil.
| Minimum age | 21 years |
| Maximum age | 70 years |
| Occupation | Salaried, Self-employed |
| Minimum income requirements | Not specified. Should have a regular source of income |
| Other criteria | Good credit score, preferably above 750 |
| Online application process | The easiest way to apply is to click here – APPLY NOW , you shall be taken to the card application page on the Paytm website. You can also visit the official website of Paytm and fill out the application form. You need to login to your Paytm account and check offer eligibility. |
| Required documents | – PAN card – Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof – Income documents – salary slip, income tax return etc. may be required depending upon the credit card eligibility & policy In addition to these, you maybe asked to provide additional documents, on a case-to-case basis. |
| Tracking credit card application status | – You can track the status of your application on – ‘Track Application’ section. – Please click here – Home page (and see top section of the page section named – ‘Track your application’) OR – Please click here – Eapply page (and see bottom of the page section named – ‘Track Credit Card Application’) You need to enter some basic information (like application number/ reference number, name, mobile number), to see the status of your SBI Card application |
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