Paytm SBI Card: Rewards, Features, Fees and How to Apply

The Paytm SBI Card is a co-branded credit card issued by Paytm and SBI Cards. It is built for smartphone-first users who spend digitally and prefer simple wins on every transaction. 

Integrated into the Paytm ecosystem, the card offers multi-tiered cashback and reward options. If Paytm is your go-to app for recharges, travel or online shopping, then the SBI Paytm credit card is the right fit for you. 

Rewards and Benefits of the Paytm SBI Card

With the Paytm SBI Card, you earn rewards based on where you spend. All the following Paytm SBI credit card benefits make the card well-suited for regular Paytm users:

• 3% cashback on Paytm Travel purchases of ₹100 and more via the Paytm app. 
• 2% cashback on other Paytm app purchases of ₹100 and above.
• 1% cashback on all other online or offline transactions of ₹100 and more.
• Complimentary Paytm First membership upon activation.
• 1% fuel surcharge waiver for transactions between ₹500 and ₹3000.
• Cyber-fraud insurance cover of up to ₹100,000 from the ICICI Lombard General Insurance Company Ltd.  

Note: The cashbacks mentioned above are not valid on fuel transactions and wallet recharges. Also, from 1st July’24, Paytm SBI credit card-earned cashbacks are considered equivalent reward points. 1 Reward Point equates to ₹1. 

Top Features of the Paytm SBI Card

• Paytm Integrated: You can use the card easily on Paytm, making digital wallet funding, recharges and app-based spending simpler.
• Easy Add-on: Add-on cards for your family members are available with no additional annual add-on fee. 
• Stay in Control: As a co-branded credit card, it gives you access to Paytm’s cutting-edge features, including Spend Analyser, Smart Spend Control, and One Tap Lock/Unlock. 
• Balance Transfer: Get a balance transferred from other credit cards to your Paytm SBI card, a minimum of ₹5000 and a maximum of 75% of your existing SBI credit limit, to meet your financial needs efficiently.  
• EMI Conversion: The exclusive Flexipay feature on your Paytm SBI Card lets you repay purchases of ₹2500 or more in easy monthly instalments (max. 12 months) at a low interest rate, if applied within 30 days from the purchase date.  
• Wide Acceptance: The international card works at millions of outlets worldwide under the Visa network.

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Paytm SBI Card Charges and Fees 

Late payment charges also apply if the minimum outstanding balance of ₹500 or more is not paid on time. The charges range between ₹400 and ₹1300, depending on the outstanding amount. 

How to Apply for Paytm SBI Credit Card? 

If you are a current Paytm user, applying for the SBI Paytm card is quite simple. All you have to do is: 

1. Open your Paytm App and go to the ‘Payment & Services’ > ‘Credit Cards’. 
2. The App will first check your eligibility, and if you are eligible, you can continue with the application.  
3. If eligible, provide answers to basic queries such as occupation and address, and provide your KYC details.  
4. Once done, submit your application. You will receive further updates within 5 to 7 working days.  

💡Once approved, ensure you attach your credit card to Pice and earn instant rewards on your spending. 

How to Get the Maximum from Your Paytm SBI Credit Card? 

• The bigger rewards, like 3% and 2% cashbacks, apply mainly via Paytm app spends. Thus, concentrate on Paytm for all your spending. 
• Consider the add-on card usage for your adult family members to pool retail spends of ₹100,000 and get a 1-year complimentary Paytm First Membership as a Milestone benefit.  

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Things to keep in Mind when Using the Paytm SBI Credit Card 

• High interest rates apply if you carry unpaid balances. Thus, always try to clear full payment within the billing cycle to get maximum benefit.
• A late fee is charged if you fail to pay your outstanding balance on time. Ensure that you maintain financial discipline to avoid those hefty fines.  

Who Should Get the Paytm SBI Credit Card?

Any self-employed or salaried individual, between 21 and 70 years old, with a good credit score, can apply for this card. Get this card if you:

• Frequently use the Paytm app for recharges, travel bookings and digital payments. 
• Prefer a low annual fee card with decent digital-spend rewards.

💡Pay your credit card bills in an easy and secure way with the PICE App.

Conclusion

The Paytm SBI Card is an excellent choice for frequent Paytm users who want seamless digital payments and consistent rewards. With tiered cashback on Paytm Travel, app transactions, and everyday spending, the card ensures value on every swipe.

Its integration with Paytm’s smart features, EMI options, balance transfer facility, fuel surcharge waiver, and complimentary Paytm First membership further enhances convenience. Although users should stay mindful of interest and late payment charges, responsible usage can maximise benefits.

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