Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Paytm SBI Credit Card

    The State Bank of India has partnered with Paytm and launched the Paytm SBI Card. With this credit card, you can earn a lot of rewards when you make payments via Paytm. The joining fee for the card is Rs.499.

    Key Benefits of Paytm SBI Card

    • Receive a cashback of 3% on purchases at Paytm Mall, when you book movie tickets, and travel tickets via Paytm.
    • 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 at Paytm Mall, when you book movie tickets, and when you book travel tickets via Paytm.
    • 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.

    Paytm SBI Card Fees and Charges

    Type of Charge Amount
    Annual Fee Rs.499
    Renewal Fee Rs.499
    Finance Charges Up to 3.35% monthly
    Add-On card fee Nil
    Cash advance fee
    • 2.5% of the amount withdrawn or Rs.500 (Domestic ATMs)
    • 2.5% of the amount withdrawn or Rs.500 (International ATMs)
    Finance Charges 3.50% per month or 42% per annum
    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
    • From Rs.0 to Rs.500 - Nil
    • More than Rs.500 up to Rs.1,000 - Rs.400
    • More than Rs.1,000 up to Rs.10,000 - Rs.750
    • More than Rs.10,000 up to Rs.25,000 - Rs.950
    • More than Rs.25,000 up to Rs.50,000 - Rs.1,100
    • More than Rs.50,000 - Rs.1,300
    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%

    Documents Required to Apply for Paytm SBI Card

    Proof of Address
    • Ration Card
    • Passport
    • Voter ID
    • Aadhaar Card
    Income Proof
    • Form 16
    • IT Returns
    • Salary Slip
    Identity Proof

    FAQs on Paytm SBI Card

    1. Can I re-apply for a Paytm SBI Card?

      Yes, you can always re-apply for the Paytm SBI Credit Card via the bank's website or by visiting an SBI branch. This should be done after 6 months of your first application having been rejected.

    2. How much time will it take for me to get my Paytm SBI Credit Card?

      Once your application for the card has been approved and your documents have been verified, you will get the card within 7 business days.

    3. What is the minimum age I should reach in order to be able to apply for a Paytm SBI Card?

      You should reach the age of 21 years to be able to apply for the Paytm SBI Card.

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