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Last updated: 01-06-2026
Paytm SBI Card
SBI Card

Paytm SBI Card

"Best card for Paytm users โ€” 3% cashback on Paytm Mall, movies and travel via Paytm app, 2% on other Paytm spends and free Paytm First membership"

No ratings yet โ€” be the first to rate below!

Quick Summary
๐Ÿ’ณ Joining Fee
โ‚น499 + GST
๐Ÿ”„ Renewal Fee
โ‚น499 + GST
Waived: Paytm First membership renewed on spending โ‚น1 lakh in a year; no formal annual fee waiver โ€” fee is fixed at โ‚น499
๐ŸŽฏ Best Suited For
Regular Paytm users who pay bills, book movies, travel and shop via Paytm app; those who want Paytm First membership benefits at a low cost
๐ŸŽ Reward Type
Reward Points (1 RP = โ‚น1; redeemable as Paytm Gift Voucher balance)
๐ŸŽ‰ Welcome Benefit
Complimentary Paytm First Membership worth up to โ‚น75,000 in benefits on card activation
๐Ÿ’ฐ Reward Rate
3% cashback on Paytm Mall, movie tickets and travel bookings via Paytm app; 2% cashback on all other Paytm app purchases; 1% cashback on all other online and offline spends; excludes wallet loads, fuel, rent, government transactions; QR-based Paytm payments earn 1%
โœˆ๏ธ Lounge Access
No complimentary airport lounge access
๐Ÿ’ต Cashback Rate
3% Paytm Mall/movies/travel; 2% other Paytm; 1% all others
โญ Rate this Card
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โœ… Pros
  • 3% cashback on Paytm Mall, movies and travel via Paytm
  • Free Paytm First Membership on activation
  • 1 RP = โ‚น1 redemption value
  • Cyber fraud insurance โ‚น1 lakh
  • Accessible eligibility (โ‚น1L annual income)
  • Manage via both Paytm and SBI Card apps
โŒ Cons
  • No airport lounge access
  • No annual fee waiver โ€” โ‚น499 fixed
  • High forex markup 3.5%
  • Wallet loads excluded from rewards
  • QR payments earn only 1%
  • Cashback replaced by reward points from July 2024
  • Limited value outside Paytm ecosystem

๐ŸŽ Rewards & Benefits

Reward Type
Reward Points (1 RP = โ‚น1; redeemable as Paytm Gift Voucher balance)
Welcome Benefits
Complimentary Paytm First Membership worth up to โ‚น75,000 in benefits on card activation
Reward Rate
3% cashback on Paytm Mall, movie tickets and travel bookings via Paytm app; 2% cashback on all other Paytm app purchases; 1% cashback on all other online and offline spends; excludes wallet loads, fuel, rent, government transactions; QR-based Paytm payments earn 1%
Reward Redemption
Cashback auto-converted to Paytm Gift Voucher balance at end of billing cycle โ€” usable across Paytm ecosystem
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions โ‚น500 to โ‚น3,000; maximum โ‚น100 per statement cycle
Lounge Access
No complimentary airport lounge access
Spend Based Fee Waiver
No fee waiver; Paytm First Membership renewed on โ‚น1L annual spend
Milestone Benefits
Paytm First Membership renewal on โ‚น1 lakh annual spend
Other Benefits
Cyber fraud insurance cover โ‚น1 lakh; add-on cards for family; balance transfer facility; Flexipay EMI on transactions above โ‚น2,500; Easy Bill Pay for utility payments; internationally accepted at 24 million+ outlets via Visa network; manage via Paytm app or SBI Card app

โœจ Special Perks & Exclusive Offers

Memberships
Paytm First Membership (complimentary on activation; renewed on โ‚น1L annual spend)
Insurance Cover
Cyber fraud insurance โ‚น1 lakh; zero liability on unauthorized transactions
Add-on Cards
Add-on cards for family (spouse, parents, children, siblings above 18)
Concierge Services
Details coming soon
Special Offers
3% on Paytm Mall, movies, travel; 2% on Paytm; free Paytm First Membership; cyber fraud insurance โ‚น1L

๐Ÿ’ณ Fees & Interest Rates

Joining Fee
โ‚น499 + GST
Annual Fee / Renewal Fee
โ‚น499 + GST
โœ“ Waived on: Paytm First membership renewed on spending โ‚น1 lakh in a year; no formal annual fee waiver โ€” fee is fixed at โ‚น499
Interest Rate (APR)
๐Ÿ’ก Pay your balance in full each month and this never applies to you.
3.5% per month (42% per annum)
ATM Cash Withdrawal / Cash Advance
2.5% of withdrawn amount, minimum โ‚น500
Late Payment Charges
โ‚น100 to โ‚น1,300 based on outstanding amount
Over Limit Charges
2.5% of overlimit amount, minimum โ‚น500
Cheque Bounce / Auto-Debit Return
Details coming soon
Other Charges
No annual fee waiver โ€” โ‚น499 fixed cost; cashback replaced by equivalent reward points from July 2024; QR payments via Paytm earn only 1%; wallet loads excluded from rewards

๐Ÿ“‹ Eligibility & Credit Limit

Eligibility Criteria
Age 21 to 70 years; salaried or self-employed; minimum annual income โ‚น1 lakh; Indian resident; apply via Paytm app or SBI Card website
Credit Score Requirement
650+ CIBIL recommended
Credit Limit
Based on income and SBI Card assessment

๐Ÿ“… EMI, Balance Transfer & Debt Management

EMI Conversion
Flexipay on transactions above โ‚น2,500; tenures 3 to 24 months
Balance Transfer Facility
Available from other bank credit cards
Balance Transfer Interest Rate
As per SBI Card prevailing rates
Balance Transfer Charges
Details coming soon

๐Ÿ”’ Security & Fraud Protection

Card Block Feature
Instant block via SBI Card app or Paytm app
Instant Fraud Alerts
SMS and email alerts for every transaction
Purchase Protection
Cyber fraud insurance โ‚น1 lakh
Virtual Card Numbers
Details coming soon
Zero Liability Protection
Zero liability on unauthorized transactions

๐Ÿ“ž Customer Service & Digital Experience

Phone Support
1860 180 1290 (24x7)
Chat / Email Support
Chat via SBI Card app; email: customercare@sbicard.com
Mobile App
Paytm app and SBI Card app: manage card, track cashback, pay bills, Flexipay, spend analyzer
Online Banking
SBI Card website

Last updated: 01-06-2026

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Printed: 23 Oct 2026, 09:32 PM
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