Disclaimer: SBI Paytm Credit Card is not a Bajaj Markets partner product. Offers would be from partner Banks/NBFCs only.
Paytm and SBI have collaborated to launch the Paytm SBI credit card. Each time a Paytm SBI credit card holder makes a payment through Paytm, they can earn handsome rewards. In the following sections, you will find details about Paytm SBI credit card eligibility, documents required, Paytm SBI credit card features, and the steps involved in applying online for the Paytm SBI credit card.
Earn rewards worth ₹75,000 as a welcome bonus when you sign up with Paytm First for free.
Earn up to 3% cashback on movies and travel on Paytm Mall. On all other purchases made using the Paytm app, you can get up to 2% cashback and 1% cashback on purchases made at both offline and online merchants.
You qualify for milestone bonuses like a free Paytm First membership upon renewal if your spending exceeds ₹1 Lakh in one membership year.
Get 1% off the fuel cost for any purchase between ₹500 and ₹3,000.
Here are some of the salient features of the Paytm SBI credit card:
Holders of SBI Pay Credit cards are insured up to ₹1 Lakh against cyber fraud and other unauthorised use of their credit cards.
You may use your Paytm SBI credit card to transfer the remaining balance from other credit cards and banks. You may also split your purchases into manageable monthly instalments with the Flexipay feature. Using Flexipay option, expenditures above ₹2,500 may be divided into reasonable repayments and paid off within 30 days.
If you want additional funds immediately, you can use the Paytm SBI credit card to draw a draft or a cheque against your available cash.
The Paytm SBI credit card is accepted at 2.4 Crore establishments globally due to its international reputation.
With the add-on credit card feature, you can provide your dear ones access to all the Paytm SBI credit card perks.
The Paytm credit card offers a complimentary cyber fraud insurance cover worth ₹1 Lakh, which ensures that you stay protected in the case of any fraud or misuse.
Using your Paytm SBI card, you can pay for all your utilities such as electricity, water, mobile, broadband and telephone connections through the Easy Bill Pay facility.
If you have any outstanding balances on any of your other credit cards, you can transfer the balance over to the SBI Paytm credit card and pay them in easy monthly instalments.
Before initiating the SBI Paytm credit card application procedure online, the following Paytm SBI credit card eligibility prerequisites must be met:
The applicant must be at least 21 years old.
The applicant must be either salaried or self-employed
The applicant must have a minimum annual income of ₹1 Lakh
If the above-mentioned credit card eligibility criteria are met, the following credit card documents must be submitted to start the application process:
You can apply for the SBI Paytm credit card through the Paytm smartphone application. Here’s what you need to do.
Step 1: Download and install the Paytm app on your smartphone.
Step 2: Open the app and log into your account using your phone number and OTP.
Step 3: Under the ‘Loans & Credit Cards’ section on the app’s homepage, click on the ‘Credit Cards’ option.
Step 4: Click on the ‘Check Eligibility and Apply’ button.
Step 5: Enter all the details in the application and click ‘Submit’.
Step 6: If you’re eligible, simply proceed to complete the application.
When you use your Paytm SBI credit card to make payments, you earn a percentage of the transaction value as cashback. The cashback that you accumulate on your card is automatically converted to a Paytm Gift Voucher balance at the end of the billing cycle. Here’s a closer look at the rate of cashback that the credit card offers:
3% cashback on all transactions made on Paytm Mall
3% cashback on all movie and travel transactions
2% cashback on all other transactions made on the Paytm app
1% cashback on all other offline and online transactions
Note: Cashback is disallowed on e-wallet recharge transactions
The Paytm SBI credit card limit can range anywhere from ₹10,000 - ₹10 lakh depending on the applicant’s annual income.
Yes, you can make bill payments using the Paytm SBI card. You just need to visit the credit card payment page on the Paytm app. Then, select the ‘Proceed’ option and enter the payment information as well as the total amount to be paid. You can then complete the payment easily.
Following SBI Card's final approval, you will receive your card within 7 working days.
The SBI Paytm credit card comes with a host of rewards. Upon joining, you can earn rewards up to ₹75,000 with complimentary Paytm membership. Moreover, upon reaching milestone spends of ₹1,00,000 in a calendar year, you can get milestone credit card rewards such as complimentary Paytm First membership at renewal. Apart from that, you also become eligible for 3% cashback rewards on Paytm mall and 2% cashback on payments made with the Paytm app.
The Paytm SBI credit card comes with a joining fee of ₹499 plus taxes, which is charged to your account at the end of the first billing cycle. From the second year of card ownership onwards, you will be charged a renewal fee of ₹499 plus taxes annually.
If you don’t pay your outstanding credit card bills on time, you will be liable to pay a late payment fee. This fee is dependent on the outstanding amount on your Paytm SBI credit card and can go up to ₹1,300.
You can make use of SBI’s virtual interactive chatbot ILA, which is available on the official SBI website, to answer your questions. You can also use the toll-free number 1800 180 1290 to get in touch with SBI Credit Card customer service. Alternatively, you can choose to send a letter to customer service at the following address:
Manager - Customer Care Services,
SBI Cards & Payment Services Ltd.
DLF Infinity Towers, Tower C,
12th Floor, Block 2, Building 3,
DLF Cyber City, Gurgaon
Haryana 122 002.
If your initial application for a Paytm SBI credit card was rejected, you can reapply for the same after a period of 6 months from the date of submission of the initial application. You can reapply for the card by submitting an application online through the SBI website or by visiting a nearby SBI branch.
Yes. You must be at least 21 years of age when applying for an SBI Paytm credit card.
The credit limit offered by the Paytm SBI credit card will vary from one individual to another and is based on a multitude of different factors. These include your age, income level and credit score, among others.
If you’re using your SBI Paytm credit card to top up your Paytm Wallet, you will be levied a 2% charge on the amount that you’re loading onto the wallet.
Once your Paytm SBI credit card application is approved, you will receive the card at the address mentioned by you within 7 business days.