Paytm SBI Credit Card, Rewards and Benefits, Joining Fees & amp; Charges, Apply Online

Paytm SBI Credit Card: The Paytm SBI credit card, a co-branded offering by SBI Cards in partnership with Paytm, presents a compelling array of benefits tailored to modern consumers’ lifestyles. This card extends lucrative cashback rewards across a spectrum of spending categories, making it an attractive choice for individuals seeking value and convenience in their financial transactions.

One of the standout features of the Paytm SBI credit card is its generous cashback rewards program. Cardholders earn a substantial 3% cashback on every Rs 100 spent on Paytm Mall purchases, movies, and travel expenses, enhancing the appeal for frequent shoppers and entertainment enthusiasts. Additionally, users enjoy a 2% cashback on purchases made through the Paytm App across all other categories, further augmenting the card’s utility and savings potential. Even for transactions outside the Paytm ecosystem, cardholders receive a respectable 1% cashback on both online and offline spending, ensuring rewards on all fronts.

Furthermore, the Paytm SBI credit card grants complimentary access to the Paytm First Membership, a premium subscription service offering a host of exclusive benefits valued at up to Rs 25,000. This membership encompasses various perks such as priority customer support, enhanced cashback offers, and access to premium content and services on the Paytm platform, enhancing the overall value proposition of the card.

In addition to the inherent rewards and benefits, the Paytm SBI credit card incentivizes card usage with a complimentary Paytm First Membership voucher upon reaching an annual spending threshold of Rs 1,00,000, further sweetening the deal for avid users. Combined with other features such as flexible redemption options, robust security measures, and dedicated customer support, this co-branded offering stands out as a compelling choice for individuals seeking a rewarding and hassle-free credit card experience.

While the Paytm SBI credit card caters to diverse spending preferences and lifestyle needs, potential cardholders are encouraged to review the complete set of features, terms, and conditions associated with the card to make an informed decision. Overall, this co-branded offering epitomizes the synergy between two industry leaders, aiming to redefine the credit card landscape with its blend of convenience, value, and exclusive benefits.

Rewards and Benefits

• Rewards Rate: Experience unparalleled savings with every spend. Earn 3% Cashback on every Rs. 100 spent on Paytm Mall, movies, and travel expenses, ensuring that every purchase rewards you generously. For all other purchases made on the Paytm App, earn 2% Cashback, while garnering 1% Cashback on every Rs. 100 spent on any other offline/online transactions, making your spending more rewarding than ever.
• Reward Redemption: Enjoy the flexibility of cashback redemption. Redeem your accumulated cashback as Paytm gift vouchers balance, ensuring that your rewards are easily accessible and can be used towards future purchases.
• Travel Benefits: Make every journey rewarding. While travel benefits are not included, you can still enjoy cashback on your travel expenses, ensuring savings on your adventures.
• Zero Liability Protection: Travel with peace of mind knowing you’re protected against card loss or theft. Benefit from Zero Liability Protection, covering you up to Rs. 1 Lakh in case of unauthorized transactions, ensuring that your financial interests are safeguarded at all times.

Fees & Charges

• Spend Based Waiver: Enjoy the convenience of a spend-based waiver, ensuring that you can avail of benefits without worrying about annual fees based on your spending habits.
• Rewards Redemption Fee: Unlock your rewards with ease. Redeem specific vouchers, gifts, and cash rewards without any hassle, with a nominal redemption fee of ₹ 99, ensuring that your rewards are within easy reach.
• Foreign Currency Markup: Travel with confidence knowing that your card offers a competitive foreign currency markup rate of 3.5%, ensuring seamless transactions abroad without worrying about excessive fees.
• Interest Rates: Manage your finances with peace of mind. Benefit from competitive interest rates of 3.50% per month (42% p.a.), ensuring that your financial journey remains smooth and stress-free.
• Fuel Surcharge: Hit the road with savings in hand. Enjoy a 1% fuel surcharge waiver at all fuel stations in India, ensuring that every journey is not only convenient but also cost-effective.
• Cash Advance Charges: Access cash effortlessly whenever you need it. Enjoy cash advance charges of only 2.5% of the amount withdrawn, subject to a minimum of Rs. 500, providing you with financial assistance whenever required.
• Add-on Card Fee: Extend the benefits to your loved ones without any additional cost. Enjoy the convenience of add-on cards with no fee, ensuring that your family members can also enjoy the privileges of the Paytm Rewards Mastercard.

Product Details

Experience unparalleled rewards and benefits with the Paytm SBI Credit Card:

• Earn 3% Cashback on every Rs. 100 spent on all purchases made on the Paytm Mall, as well as on movie tickets and travel bookings.
• Enjoy 2% Cashback on every Rs. 100 spent on all other purchases made through the Paytm App.
• Receive 1% Cashback on every Rs. 100 spent on any offline or online transactions apart from those mentioned above.
• Get a complimentary Paytm First membership worth Rs. 899, unlocking exclusive deals and offers across various categories.
• Rest easy with Liability Protection cover of Rs. 1,00,000, safeguarding you against fraudulent transactions.
• Benefit from a Fuel Surcharge waiver of 1% on fuel transactions ranging from Rs. 500 to Rs. 3000, saving you more on your fuel expenses.

Paytm SBI Card Features and Benefits

Introducing the Paytm SBI Card: a co-branded credit card designed for avid users of the Paytm app. Discover the array of features and benefits tailored to enhance your digital transactions:

Welcome Benefits:

Upon your first successful retail transaction with this card, enjoy a complimentary Paytm First membership, unlocking benefits worth Rs 25,000.

Renewal Benefits:

Receive a complimentary Paytm First Membership voucher upon spending Rs. 1 lakh within a year.

Additional Benefits:

Gain peace of mind with a protection cover of Rs 1 lakh against fraudulent transactions reported within the specified timeframe. Enjoy a 1% surcharge waiver on fuel transactions ranging from Rs 500 to Rs 3000, with a maximum waiver of Rs. 100 per statement cycle.

Cashback with Paytm SBI Credit Card:

Earn 3% Cashback on every Rs. 100 spent on Paytm Mall purchases, movie tickets, and travel bookings. Receive 2% Cashback on every Rs. 100 spent on other purchases made through the Paytm App. Get 1% Cashback on every Rs. 100 spent on offline or online transactions, excluding e-wallet loading transactions.

Reward Redemption:

Redeem your reward points starting from a minimum value of Rs 100 against the Paytm Gift voucher balance.

Eligibility Criteria for Paytm SBI Card:

Applicants must be at least 18 years old and possess a good credit score, whether salaried or self-employed.

Required Documents:

Prepare the following documents for your application:

• Identity Proof: Aadhar Card, PAN Card, Voter’s ID, etc.
• Address Proof: Aadhar Card, utility bills (not older than three months), etc.
• Proof of Income: Latest bank statements/salary slips or audited ITR.

How to Apply for Paytm SBI Credit Card?

Apply conveniently online through the SBI Card’s official website or the Paytm app. Alternatively, visit your nearest State Bank branch to fill out a physical application form.

In Conclusion:

The Paytm SBI Card is an ideal entry-level option, particularly for those with limited credit history. With a nominal fee of Rs. 499, this card offers up to 3% cashback on Paytm Mall, movies, and travel, along with complimentary Paytm First membership benefits worth Rs 25,000. If you’re new to the world of credit cards, this could be the perfect choice for you.