Paytm SBI Credit Card

The Paytm SBI credit card, a collaborative effort between SBI Cards and Paytm, offers a unique set of rewards. For every Rs 100 spent on Paytm Mall, movies, and travel, users enjoy a 3% cashback. Additionally, a 2% cashback is granted for purchases made through the Paytm App in all other categories, while a 1% cashback is applicable to other online and offline transactions.

Furthermore, cardholders receive a complimentary subscription to Paytm First Membership, entitling them to benefits valued at up to Rs 25,000. Notably, an exclusive perk of this credit card is the provision of a free Paytm First Membership voucher upon reaching an annual spending threshold of Rs 1,00,000.

Key Highlights of Paytm SBI Credit Card

  1. Earn 3% Cashback for every Rs. 100 spent on Paytm Mall, movies, and travel.
  2. Get 2% Cashback for every Rs. 100 spent on other purchases through the Paytm App.
  3. Enjoy 1% Cashback for every Rs. 100 spent on offline/online transactions apart from Paytm.
  4. Receive a complimentary Paytm First membership valued at Rs. 899.
  5. Benefit from Liability Protection cover of Rs. 1,00,000 in case of fraudulent transactions.
  6. Avail a fuel surcharge waiver of 1% on fuel transactions ranging from Rs. 500 to Rs. 3000.

Features and Benefits of Paytm SBI Credit Card

The Paytm SBI Credit Card offers several features and benefits:

1. Welcome Benefits: Enjoy a welcome benefit of up to Rs.75,000, inclusive of a complimentary Paytm First Membership.

2. Cashback Benefits:

  • Avail 3% cashback on transactions at Paytm Mall, movie ticket bookings, and travel ticket bookings via Paytm.
  • Earn 2% cashback on all other purchases made on the Paytm app.
  • Receive 1% cashback on expenses incurred both online and offline.

3. Insurance Benefits: Gain additional protection against cyber fraud with the Cyber Fraud Insurance cover of Rs.1 lakh on your Paytm SBI Card.

4. Milestone Benefits: Receive a complimentary Paytm First Membership Voucher upon renewal when your annual expenses reach Rs.1 lakh.

5. Fuel Benefits:

  • Enjoy a 1% fuel surcharge waiver on transactions ranging from Rs.500 to Rs.3,000.
  • The maximum waiver amount per statement cycle is Rs.100.

Paytm SBI Credit Card Fees and Charges

Explore the fee structure for the Paytm SBI Credit Card and discover the financial advantages that come with it.

  1. Joining Fee: Rs. 499 + GST
  2. Renewal Fee: Rs. 499 + GST
  3. Finance Charges: 3.50% per month [42% per annum]
  4. Late Payment Charges:
  • Up to Rs. 500: NIL
  • Rs. 500 – Rs. 1,000: Rs. 400
  • Rs. 1,001 – Rs. 10,000: Rs. 750
  • Rs. 10,001 – Rs. 25,000: Rs. 950
  • Rs. 25,001 – Rs. 50,000: Rs. 1,100
  • Rs. 50,001 and above: Rs. 1,300

Eligibility Criteria for Paytm SBI Credit Card

Here are essential criteria for applying for an Paytm SBI Credit Card:

  1. The applicant must be at least 18 years old.
  2. The individual should be either employed with a salary or self-employed.
  3. A positive credit score is a prerequisite for eligibility.

Documents Required for Paytm SBI Credit Card

To apply for the Paytm SBI Credit Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Ration Card
  • Voter’s ID
  • Aadhar Card
  • PAN Card

2. Address Proof:

  • Aadhar Card
  • Ration Card
  • Utility bills (not older than three months)

3. Proof of Income:

  • Latest bank statements
  • Salary slips
  • Latest audited Income Tax Return (ITR)

How To Apply for Paytm SBI Credit Card?

Follow these steps to apply for the Paytm SBI Credit Card:

  1. Paytm SBI Card application offers two methods: online and offline.
  2. Online application can be done through the SBI Card’s official website, where a digital application form is filled.
  3. Applying online through the Paytm app is an alternative method available to individuals.
  4. For offline application, one can visit the nearest State Bank branch and complete the physical application form.
  5. Both online and offline methods provide a means for applicants to connect with bank officials who will reach out in response to the application.

Frequently Asked Questions (FAQs) –

Q: How can I apply for a Paytm SBI Card?

A: You can apply for a Paytm SBI Card by downloading the Paytm app, logging in or signing up, navigating to the “Credit Cards” section, and filling out the application form.

Q: What are the eligibility criteria for a Paytm SBI Credit Card?

A: Eligibility criteria may include factors such as age, income, credit score, and other financial parameters. Specific details can be found on the Paytm app during the application process.

Q: How long does it take for the Paytm SBI Credit Card application to be processed?

A: The processing time may vary, but applicants are generally notified of the status within a few business days after submitting the application and required documents.

Q: What are the key features and benefits of the Paytm SBI Card?

A: The features and benefits include cashback offers, rewards on transactions, special discounts, and access to exclusive deals. Specific details can be found on the Paytm app or official website.

Q: How can I check the status of my Paytm SBI Credit Card application?

A: You can check the status of your credit card application on the Paytm app or contact the SBI credit card customer care support team for assistance.

Q: What is the credit limit offered on the Paytm SBI Credit Card?

A: The credit limit is determined based on various factors, including your income, credit history, and the bank’s internal policies. The approved credit limit will be communicated to you upon card issuance.

Q: How can I make payments on my Paytm SBI Credit Card?

A: Payments can be made through the Paytm app using various methods, such as credit/debit cards, net banking, and UPI. Additionally, you can set up auto-debit instructions for timely payments.

Q: Are there any annual fees associated with the Paytm SBI Credit Card?

A: The fee structure, including annual fees, renewal fees, and other charges, can be found in the terms and conditions provided during the application process. It is recommended to review these details before applying.

Q: Can I track my credit card transactions using the Paytm app?

A: Yes, the Paytm app provides a transaction history feature where you can track all your credit card transactions, including purchases, payments, and rewards earned.

Q: How can I contact customer support for queries related to my Paytm SBI Credit Card?

A: Customer support contact details can be found on the Paytm app or the official website. You can reach out for assistance regarding card-related queries, transaction clarifications, or any other concerns.