Paytm SBI Credit Card

Introduction 

SBI and Paytm are major players in their respective fields. While SBI is reckoned for its safe and secure banking products and assistance, Paytm opens up the world of digital transactions. The partnership venture between the two offers rolls out the feature-laden SBI Paytm credit card.     
To meet the unique requirements of its vast customer base, the credit card has two variants - SBI Paytm credit card and SBI Paytm SELECT credit card.

Key Highlights

The key highlights of the SBI Paytm credit card are as under:

• Welcome offer
• Cashback benefits
• Cyber fraud insurance
• Milestone benefits
• Fuel surcharge waivers
• Smart spend control with spend analyzer
• One tap lock/unlock

With the SBI Paytm Credit Card the cardholder is entitled to the following benefits:

 Welcome Offer

• Benefits up to Rs. 75,000
• Complimentary Paytm First Membership

Cashback Offers

• 3% cashback on transactions at Paytm Mall, movies, and travel
• 2% cashback on all purchases done on Paytm App
• 1% cashback on all transactions at offline and online stores

Every transaction of Rs. 100 and above helps you earn cashback in the form of reward points. The Reward Points can be redeemed as a Paytm Gift Voucher balance which is added to the cardholder’s Paytm Wallet. Cardholders can use this Gift Voucher balance for subsequent purchases made through the Paytm App.

Fuel surcharge waivers

• 1% Fuel Surcharge waiver is earned for every transaction between Rs.500 and Rs.3,000, subject to a maximum surcharge waiver of Rs. 100 per statement cycle 

Cyber fraud insurance

• In the event of fraudulent usage of credit cards, Paytm SBI credit cardholders are insured up to Rs. 1,00,000 of financial loss. 

Milestone benefit

• Free Paytm First Membership Voucher on renewal upon reaching an annual milestone retails spends of Rs. 1 lakh

Worldwide acceptance

• Partnered with Visa, SBI Paytm credit card can be used at over 24 million outlets worldwide, including 3,25,000 partner outlets in India.

Add-On Card

• Apply for a free SBI Paytm credit card add-on for parents, spouse, children, or siblings above 18 years of age. 

Utility Bill Payment

• Pay off monthly utility bills with the Easy Bill Pay facility.

Balance Transfer on EMI

• Transfer the balance outstanding on other bank credit cards to Paytm SBI credit card and enjoy a lower interest rate with payback in EMI option.

Flexipay

• Convert transactions above Rs. 2500 into easy EMIs. 

Easy Money Facility

• Get a cheque or draft against your available credit card limit delivered to your doorstep.

Key Highlights

The key highlights of the SBI Paytm SELECT credit card are as under

• Welcome offer
• Cashback benefits
• Cyber fraud insurance
• Milestone benefits
• International Lounge Benefits
• Domestic Lounge Program 
• Fuel surcharge waivers
• Smart spend control with spend analyzer
• One tap lock/unlock

Also Check:  SBI Credit Card PIN Generation in detail. 

With the SBI Paytm SELECT credit card the cardholder is entitled to the following benefits:

Welcome Offer

• Benefits up to Rs. 75,000
• Complimentary Paytm First Membership
• Rs. 750 cashback in Paytm Wallet

Cashback Offers

• 5% cashback on transactions 
• at Paytm Mall, movies and travel
• 2% cashback on all purchases done on Paytm App
• 1% cashback on all transactions at offline and online stores

Every transaction of Rs. 100 and above helps you earn cashback in the form of reward points. The Reward Points can be redeemed as a Paytm Gift Voucher balance which is added to the cardholder’s Paytm Wallet. 

Cardholders can use this Gift Voucher balance for subsequent purchases made through the Paytm App.

Cyber fraud insurance

• In the event of fraudulent usage of the credit card, Paytm SBI credit cardholders are insured up to Rs. 2,00,000 of financial loss.  

Milestone benefit

• Get a voucher worth Rs. 2000 upon reaching annual retail spends of Rs. 4 lakh. 
• Get a voucher worth Rs. 4000 upon reaching annual retail spends of Rs. 6 lakh. 

International Lounge Program 

• Get a complimentary Priority Pass worth USD 99 for the first two years.

Domestic Lounge Program

• Enjoy up to 4 complimentary domestic lounge visits. 

Fuel surcharge waivers

• 1% Fuel Surcharge waiver is earned for every transaction between Rs.500 and Rs.4,000, subject to a maximum surcharge waiver of Rs. 250 per statement cycle 

Additional Info: Check SBI Credit Card Net Banking services.

The fee and charges applicable on an SBI Paytm Credit Card are as follows:

 The eligibility criteria to apply for both categories of SBI Paytm Credit Card are as under:

The following documents are required to be submitted for both categories of SBI Paytm Credit Card:

  Identity Proof (any one of the following)

• PAN Card, 
• Aadhaar card, 
• Driver’s License, 
• Passport, 
• Voter’s ID, 
• Overseas Citizen of India Card, 
• Person of Indian Origin Card, 
• Job card issued by NREGA, 
• Letters issued by the UIDAI

 Address Proof (any one of the following)

• Aadhaar card, 
• Driver’s License, 
• Passport, 
• Utility Bill not more than 3 months old, 
• Ration Card, 
• Property Registration Document, 
• Person of Indian Origin Card, 
• Job card issued by NREGA, 
• Bank Account Statement

Other Documents

• Passport size photograph

Income Proof

ITR copies for salaried and self-employed individuals

Also Check: SBI Credit Card Customer Care Number

As mentioned above, the SBI Paytm Credit Card is exclusively issued to Paytm customers. Therefore, applicants keen on applying for an SBI Paytm credit card can do so through the Paytm mobile app. The Paytm SBI credit card apply process is as follows:

• Open the Paytm app on your Smartphone.
• Scroll down on the home screen to view the ‘Loans and Credit Card’ section.
• Click on the ‘Paytm credit card’ tab
• Enter your PAN number and the other required details to check the eligibility of the ‘SBI Paytm credit card’.
• In case you meet the eligibility conditions, you will be directed to the Paytm SBI credit card apply link.
• Fill up the application form and apply for the Paytm SBI credit card.

In the recent past, the world has seen sweeping changes in the way financial transactions take place. Financial transactions through digital gateways have snowballed. To keep up with the changing time, you should opt for SBI Paytm Credit Card.

Also Check: SBI Credit Card Types

Other credit cards similar to SBI Paytm Credit Card are:

Other credit cards similar to SBI Paytm SELECT Credit Card are: