Paytm SBI Credit Card

About Paytm SBI Credit Card

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 cardholder 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.

Key Highlights Of Paytm SBI Credit Card

• Joining Perks

Earn rewards worth ₹75,000 as a welcome bonus when you sign up with Paytm First for free.

• Get Cash Rewards at Paytm Mall

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.

• Benefits from Milestones on Your Retail Purchases

You qualify for milestone bonuses like a free Paytm First membership upon renewal if your spending exceeds ₹1 lakh in one membership year.

• Embrace the Fuel Surcharge Waiver

Get 1% off the fuel cost for any purchase between ₹500 and ₹3,000.

How to Apply for Paytm SBI Credit Card

You can apply for a Paytm SBI credit card offline by visiting your nearest SBI branch. You can also opt to apply for a Paytm SBI credit card on the official SBI card website after checking your credit card eligibility.

Eligibility Criteria and Documents Required for Paytm SBI Credit Card

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:

• 2 passport-size, colour photos

• PAN card

• Aadhaar card

• Salary slips, Bank statements for 3 months, ITR

Features and Benefits of Paytm SBI Credit Card

Here are some of the salient features of the Paytm SBI credit card:

1. Protection Against Cyber-fraud

Holders of SBI Pay Credit cards are insured up to ₹1 lakh against cyber fraud and other unauthorised use of their credit cards.

2. Balance Transfer on EMI

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.

3. Utilise the easy-money facility

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.

4. Transnational Recognition

The Paytm SBI credit card is accepted at 2.4 crore establishments globally due to its international reputation.

5. Apply for Add-On Cards

With the add-on credit card feature, you can provide your dear ones access to all the Paytm SBI credit card perks.

6. Insurance for Cyber Fraud

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.

7. Easy Bill Pay Facility 

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. 

8. Balance Transfer on EMI

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.

Reward Redemption of Paytm SBI Credit Card

Each time you use your SBI Paytm credit card, you accumulate reward points. These reward points can be redeemed once you cross a threshold in exchange for discount coupons, e-vouchers and other offers. The rate of conversion as set by SBI is ₹0.25 for each reward point. The process that you would have to follow to redeem your accumulated reward points has been mentioned below. 

• Step 1: Visit the official website of SBI Card. 

• Step 2: Log into your credit card account using your credentials. 

• Step 3: On the left-hand side of the webpage, you can find the ‘Rewards’ option. Click on it.

• Step 4: Then, click on ‘Redeem Rewards’. 

• Step 5: The webpage will display a rewards catalogue. 

• Step 6: Choose the reward that you would like to receive and redeem it. 

Once the redemption request has been placed successfully, you should receive the reward via an SMS or via an email sent to the registered phone number or email address respectively.