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

Paytm SBI Credit Card Select: HDFC Bank and Paytm have joined forces to introduce a co-branded offering aimed at revolutionizing the digital payment landscape and enhancing banking services for users. This collaboration combines HDFC Bank’s extensive banking expertise with Paytm’s innovative digital payment platform to offer users a seamless and rewarding financial experience.

At the heart of this co-branded offering lies a comprehensive suite of digital payment solutions, seamlessly integrated into HDFC Bank’s banking services. Users can enjoy the convenience of Paytm’s digital ecosystem, which includes bill payments, recharges, online shopping, peer-to-peer transfers, and more, all accessible through HDFC Bank’s interface. This integration not only streamlines the payment process but also empowers users with greater control over their finances, irrespective of their location.

The HDFC Bank and Paytm co-branded offering also come packed with enticing rewards and benefits tailored to users’ spending habits and preferences. From cashback and discounts to vouchers and reward points, users can unlock various perks on eligible transactions, including shopping, dining, travel, and utility payments. Moreover, new users are welcomed with exclusive introductory offers, further enhancing the value proposition of the co-branded offering and fostering long-term engagement.

Security is paramount in the HDFC Bank and Paytm co-branded offering, with robust measures in place to safeguard users’ financial information and transactions. Advanced encryption, two-factor authentication, and real-time transaction monitoring ensure that users can transact with confidence, knowing that their sensitive data is protected against potential threats.

With a focus on accessibility and customer support, the HDFC Bank and Paytm co-branded offering aim to deliver a superior digital payment experience, driving financial inclusion and empowerment for users across India. Whether it’s everyday transactions or more significant financial endeavors, this collaboration promises to redefine the way users interact with their money in the digital age.

Rewards and Benefits

• Rewards Rate: Unlock a world of savings with enticing cashback offers. Enjoy 5% cashback on Paytm Mall, movies, and travel expenses, ensuring every purchase rewards you generously. For all other purchases made on the Paytm App, earn 2% cashback, while garnering 1% cashback on both online and offline spends, making your spending more rewarding than ever.
• Travel Benefits: Embark on journeys filled with luxury and comfort. Gain access to complimentary domestic airport lounges, allowing you to relax and unwind before your flights. Additionally, revel in the exclusivity of Priority Pass membership worth US $99, providing you with access to international airport lounges, ensuring a seamless travel experience wherever you go.
• Insurance Coverage: Protect yourself against cyber fraud with comprehensive insurance coverage worth Rs. 2 lakhs, safeguarding you against financial loss due to fraudulent usage of your credit card. With this added layer of security, enjoy peace of mind knowing your finances are protected.
• Zero Liability Protection: Rest easy knowing you’re not liable for any unauthorized transactions made with your credit card. With zero liability protection, your financial interests are safeguarded against fraudulent usage, providing you with added security and confidence in your transactions.

Fees & Charges

• Spend Based Waiver: Enjoy the flexibility of a spend-based waiver, ensuring that annual fees are waived off based on your spending habits, making your card ownership hassle-free.
• Rewards Redemption Fee: Unlock your rewards without any additional charges. With a nominal redemption fee of Rs. 99, access your accumulated rewards with ease and convenience.
• Foreign Currency Markup: Travel the world without worrying about foreign exchange fees. Benefit from a competitive foreign currency markup rate of 3.5% of the total transaction value, ensuring seamless transactions abroad.
• Interest Rates: Manage your finances with confidence. Enjoy competitive interest rates of 3.5% per month or 42% per annum, 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 on all fuel transactions, with a maximum waiver of Rs. 100 per statement cycle, ensuring that your journeys are not only convenient but also cost-effective.
• Cash Advance Charges: Access cash effortlessly whenever you need it. Benefit from cash advance charges of only 2.5% of the total transaction amount, with a minimum charge 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 a nil fee, ensuring that your family members can also experience the privileges of the Cashback Plus Mastercard.

Product Details

• Upon activation of your credit card, enjoy a complimentary Paytm First Membership as a welcome offer.
• Receive a welcome cashback of Rs 750 upon activation.
• Earn cashbacks on purchases made through the Paytm Mall and Paytm App as part of the rewards program.
• Enjoy complimentary access to domestic airport lounges up to 4 times a year.
• Gain access to a complimentary Priority Pass valued at US $99 through the International Lounge Program.
• Avail a 1% fuel surcharge waiver at all fuel stations across India, with a maximum waiver of Rs 250 per
  statement cycle.
• Earn gift vouchers as a Milestone Benefit, including a complimentary Paytm First membership voucher upon
  reaching an annual spending milestone of Rs 1 lac.
• Receive Cyber Fraud Insurance Cover worth Rs 2 lacs for added security and peace of mind.

Paytm SBI Credit Card Select Welcome Benefits:

Upon activation of the Paytm SBI Credit Card Select, enjoy a complimentary Paytm First Membership, providing access to exclusive privileges and offers valued at up to Rs 75,000 across categories like Food, Travel, Fashion, Entertainment, and more. Activation occurs post a successful retail transaction.

Additionally, receive a welcome cashback of Rs 750 credited to your Paytm wallet upon successful activation of the credit card.

Rewards:

Earn additional cashback with the Paytm SBI Credit Card Select based on the following criteria:

Travel Benefits:

The Paytm SBI Credit Card Select offers complimentary access to Domestic Airport Lounges up to 4 times a year, with a maximum of 1 visit per quarter. Additionally, cardholders receive a Complimentary Priority Pass worth US $99 for a 2-year membership under the International Lounge Program. This pass grants access to both Domestic and International Priority Pass Lounges within and outside India. While it’s a priority pass, please note that a visit charge of $27 plus applicable taxes applies. This privilege is exclusively for the primary cardholder.

Milestone Benefits:

Upon reaching an annual spending milestone of Rs 1 lac, cardholders receive a complimentary Paytm First membership voucher upon renewal.
Earn Milestone E-Gift vouchers from Bata/Hush Puppies and Pantaloons upon achieving the annual spending milestones.
Enjoy the following Milestone benefits with the Paytm SBI Credit Card Select:

Insurance Benefits:

The Paytm SBI Credit Card Select comes with Cyber Fraud Insurance Cover, offering protection up to Rs 2 lakhs against financial losses resulting from fraudulent use of the credit card. This coverage specifically excludes Lost Card Liability but provides safeguarding against counterfeit cards and online frauds.

Eligibility Criteria for Paytm SBI Credit Card Select:

To qualify for the Paytm SBI Credit Card Select, applicants must meet the following basic eligibility criteria:

Be at least 18 years of age or older.
Have a regular source of income, whether salaried or self-employed.
Possess a decent credit score or credit history, preferably above 700.

How to Apply for Paytm SBI Credit Card Select?

To apply for the Paytm SBI Credit Card Select, you will need the following documents:

Proof of Identity: Aadhar Card, PAN Card (or Form 16 if PAN Card is not available), Driving License, Voter ID Card.
Proof of Address: Aadhar Card, Driving License, Voter ID Card, Passport, Utility bills in the name of the applicant.
Proof of Income: Salary slips for the last three months (for salaried individuals) or Bank Statements for the last three months. Alternatively, you can submit Income Tax Returns (ITR) or Form 16 as proof of income.

Conclusion:

The Paytm SBI Credit Card Select caters to individuals who enjoy shopping and seek cashback rewards. As an International Credit Card, it is accepted worldwide, with usability at over 24 million offline outlets globally. The card offers a plethora of benefits and privileges, including a Fuel Surcharge Waiver, Milestone benefits, access to domestic airport lounges, and Complimentary Priority Pass access under the International Lounge program.

Notably, the card’s standout features include the complimentary Paytm First Membership and Paytm cashback rewards, providing premium services such as Zomato Pro membership, ZEE5, and Voot select membership at no additional cost. These offerings make the Paytm SBI Credit Card Select an enticing option worth considering.