Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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.
Welcome benefits
Cashback benefits
Insurance benefits
Milestone benefits
Fuel benefits
| 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 |
|
| 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 |
|
| 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% |
| Proof of Address |
|
| Income Proof |
|
| Identity Proof |
|
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.
Once your application for the card has been approved and your documents have been verified, you will get the card within 7 business days.
You should reach the age of 21 years to be able to apply for the Paytm SBI Card.
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