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 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.

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.

Features and Benefits of Paytm SBI Credit Card

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

• 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.

• 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.

• 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.

• Transnational Recognition

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

• 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.

• 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.

• 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. 

• 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.

Paytm SBI Credit Card Eligibility Criteria and Documentation

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

How to Apply for Paytm SBI Credit Card

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. 

Paytm SBI Credit Card CashBack

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