Paytm SBI Credit Card: Eligibility, Benefits, Annual Fee & Charges

Planning to apply for Paytm SBI Credit Card? Before doing so, you need to understand the benefits of this card, eligibility, and more. The State Bank of India has collaborated with Paytm and rolled out the Paytm SBI Credit Card. Paytm, one of the leading multinational technology firms in India offers a plethora of financial, e-commerce, and other services to customers. The duo has launched the Paytm SBI Credit Card to the customers. The cardholders can get a lot of rewards upon making payments through Paytm. In this guide, we furnished the complete information about the Paytm SBI Credit Card, its benefits, application procedure, fees, offers, and more. Have a look!

Paytm SBI Credit Card

The Paytm SBI Credit Card has been launched by the State Bank of India in partnership with Paym. This credit card offers a wide array of benefits and services to its customers. When the cardholders make payments via Paytm, they can earn copious rewards. Some of the payments include booking movie tickets, travel tickets, filling fuel at petrol stations, and other purchases at online or offline outlets. Intending to help the digitally-savvy customers who prefer shopping online frequently, Paytm and SBI have launched this credit card service. This card will especially benefit the customers in tier-2 and tier-3 cities. If you want to know whether this card is worthwhile and thinking to know more about this card, just go through this article.

Paytm SBI Credit Card
Paytm SBI Credit Card

Paytm SBI Credit Card Eligibility

One must clearly understand the eligibility criteria before heading to utilize the Paytm SBI credit card offer. The Paytm SBI Credit Card is available to the selected customers of Paytm. People who are willing to apply and avail of this card need to fulfill the following eligibility criteria. Check it out!

  • Applicant’s Age – 21 Years
  • Type of Customer – Only select Paytm Customers
  • Occupation – Salaried and Self-Employed
  • Income Eligibility – No minimum income requirement

Paytm SBI Credit Card Benefits

The Paytm SBI card comes with a lot of benefits to the cardholders. The customers can get the highest cashback offers on booking tickets for travelling, movies, and more. Besides this, there are several SBI Paytm credit card benefits. Check it out!

1. Welcome Offer

The SBI Paytm Credit Card customers will get welcome benefits upon making their first successful transactions using the card. The cardholders will get complimentary Paytm first membership with welcome benefits of up to Rs. 75000. From the date of activation, this membership will be valid for 12 months. After the completion of the complimentary membership period of 12 months, the cardholder can renew the same benefit by paying specific applicable charges. Besides this, the customers can also get a cashback of Rs. 750 in your Paytm wallet as a welcome offer for the select variant of the card.

2. Cashback

The customers can get up to 5 percent cash back on every transaction especially on some of the services such as travel, movies, and more. With 1 point, the customers can get Rs. 1 cashback.

Cashback Rate Paytm Services

  • 5% [Paytm Select Variant] Paytm Mall, Travel and Movies
  • 3% [Regular Variant] Paytm Mall, Movies, and Travel
  • 2% Purchases through Paytm App
  • 1% Expenses at online/offline outlets

3. Cyber Fraud Insurance

The customers can get additional protection against cyber fraud under the Cyber Fraud Insurance cover of Rs. 1 lakh with the Paytm SBI Credit Card. With this insurance benefit, the cardholder can evade misuse or abuse of the credit card. The customers can report the claims within 45 days from the date of the fraud transaction.

4. Milestone Benefit

The SBI Paytm credit cardholder will get a free Paytm First Membership Voucher on renewal once their annual expenses reach Rs. 1 Lakh. On reaching Rs. 4 Lakhs as annual retail expenses, the customers can get a gift voucher of Rs. 2000. A gift voucher of Rs. 4000 will be received by the cardholder upon reaching an annual retail expense of Rs. 6 Lakhs.

5. Fuel Surcharge Waiver

By making transactions between Rs. 500 and Rs. 3000 will get a 1 percent fuel surcharge waiver. For every statement cycle, the maximum waiver amount received by the customer will be Rs. 100.

Paytm SBI Card Annual Fees and Charges

The customers need to pay a specific fee to apply for the Paytm SBI Credit Card. Besides the joining fee, certain charges will be imposed on the customer for the card. In the tabular form below, we furnished the details about the Paytm SBI Credit Card annual fees and charges. Check it out!

SBI Paytm Card Charges/FeesAmount in Rs.
Joining FeeRs. 499
Renewal FeeRs. 499
Late Payment ChargesUp to Rs. 500 – NIL
Rs. 501 to Rs. 1,000 – Rs. 400
Rs. 1001 to Rs. 10,000 – Rs. 750
Rs. 10,001 to Rs. 25,000 – Rs. 950
Rs. 25,001 to Rs. 50,000 – Rs. 1100
Rs. 50,001 and more – Rs. 1300

Documents Required to Apply for Paytm SBI Credit Card

The applicants seeking to apply for Paytm SBI Credit Card need to submit some of the documents. Any of the below-mentioned documents can be submitted for address proof, income, and identity proof. Here is the list of required documents for the Paytm SBI credit card apply application process. 

For Address Proof

  • Passport
  • Aadhaar Card
  • Voter ID Card
  • Ration Card

For Identity Proof

  • Aadhaar Card
  • Passport
  • Driving Licence

For Income Proof

  • Salary Slip
  • IT Returns
  • Form 16

Procedure to Apply for Paytm SBI Card Online

Check the procedure given below to apply for Paytm SBI Credit Card online i.e., through the Paytm app.

  • At first, download the Paytm app on your device.
  • Install the Paytm app following the on-screen instructions.
  • Once the installation is done, head to log into the Paytm app using the login credentials.
  • Tap the option ‘Show More.’
  • Click on the section ‘Loans and Credit Card’ and type in the search bar ‘Credit Card.’
  • Tap the option ‘Apply Now’ and proceed with the application procedure.
  • On the next screen, you need to enter few details in the provided fields.
  • Enter your Full Name, and Mother’s First Name in the given fields.
  • Select your nationality, enter your PAN Card Number and Date of Birth.
  • Enter your email id and select gender.
  • You need to add your current home address.
  • Make sure you enter the correct address so that your card will be delivered to the same. 
  • Select your occupation details in the next field  -Salaried, Self Employed, or Retired Pensioner.
  • Hit the submit button.

After the completion of the application procedure and wrapping up the KYC document verification, the applicants will get to know the status of their SBI Paytm card. In about 1 or 2 business days, the applicant will be notified whether the card has been approved or rejected. If the card is approved, the applicant will receive the card in the next 5 to 7 business days.

Conclusion

Well, this is everything you need to know about the Paytm SBI credit card. We hope this guide about the Paytm SBI Card, its benefits, application procedure, offers, eligibility details have given enough information. If you still have any doubts, don’t hesitate to ask us in the comments section. For more related articles and posts, visit our website frequently. 

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