Our Money Guide

By: OurMoneyGuide || Last updated on: May 15, 2024

Brief Summary

Our Rating
4.0 / 5

Our View :

You get upto 20% discount on domestic hotel and flight bookings, and upto 10% discount on international flight bookings.

The annual fee is ₹499. 1st year annual fee is compensated by welcome offers, while the annual fee from second year onwards is waived off , if you spend ₹1 lakh or more in the previous year. So this is a one of the best entry level travel cards available.

on Paytm secure site

SBI Card PULSE

Special Benefits

20% discount on domestic flights & hotels

Other Important Benefits

10% discount on international flights

Minimum Income

Not specified

Annual Fee

₹ 499

Annual Fee Offers

Welcome Offer worth ₹8,250

Renewal fee waiver at ₹1 lakh annual card spend

Paytm SBI Card

Pros and Cons of Paytm SBI Card

Pros

  • Good card for Paytm users, you get upto 3% cashback on a variety of spends

Cons

  • Cashback on non-Paytm purchases is quite low (1%), hence you will need to consider other cards to earn higher rewards on non-Paytm spends.
  • Not a good card for people who prefer in-store (face to face) shopping, and do not like online shopping

Features & Benefits of Paytm SBI Card

3% cashback on below Paytm spends

You earn ₹3 cashback, on every ₹100 you spend on Paytm transactions listed below (no limit on cashback)-
– Travel (flights, train & bus) tickets
– Shopping at Paytm Mall
– Movie tickets

Cashback is credited as Paytm vouchers, in your Paytm Wallet.

2% cashback on all other Paytm spends

You earn ₹2 cashback, on every ₹100 you spend on all other Paytm transaction (no limit on cashback).

Cashback is credited as Paytm vouchers, in your Paytm Wallet.

1% cashback benefit on all other spends (non-Paytm spends)

You earn ₹1 cashback, on every ₹100 you spend on all other transactions (no limit on cashback).

Cashback is credited as Paytm vouchers, in your Paytm Wallet.

No cashback is given on rent transaction, wallet loads and fuel purchases.

Complimentary cyber fraud insurance of ₹1 lakh

You get a free cyber fraud insurance cover of ₹1 lakh.

This cover protects against any cyberfraud related fraudulent transactions on your credit card, giving you peace of mind.

Fuel surcharge waiver upto ₹100 per month

You get 1% fuel surcharge waiver, on fuel transactions between ₹500 and ₹3000 only. And only on fuel spends upto ₹10,000 per month, since the maximum waiver is capped at ₹100 per month.

SBI Card customer care

3 lifetime-free add-on cards

Paytm SBI Card Fees and Charges

Annual fee

Annual feeAnnual fee offers
1st year joining fee₹499Welcome offer
– You get a complimentary Paytm First membership.
Renewal fee from 2nd year onwards₹499Renewal offer
– Your Paytm First membership is renewed, if you spend ₹1 lakh or more in the previous year.

Late payment fee

Please refer to the below table for details

Amount dueLate Fee
 Less than ₹500Nil
₹501 to ₹1,000₹400
₹1,001 to ₹10,000₹750
₹10,001 to ₹25,000₹950
₹25000 to ₹50000₹1100
Over ₹50000₹1300

Foreign currency transaction fee

3.50% of the transaction value.

Finance charges

3.50% per month (42% p.a.).

Important note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Credit Card Fees & Charges

Eligibility Criteria

Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for the SBI Credit Card, there are certain basic criteria that all applicants must fulfil.

Minimum age21 years
Maximum age70 years
OccupationSalaried, Self-employed
Minimum income requirementsNot specified. Should have a regular source of income
Other criteriaGood credit score, preferably above 750

Applying & Tracking Application Status

Step-by-step guide

Online application process The easiest way to apply is to click here – APPLY NOW , you shall be taken to the card application page on the Paytm website.

You can also visit the official website of Paytm and fill out the application form.

You need to login to your Paytm account and check offer eligibility.

Necessary documents and verification

Required documents   – PAN card

– Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof

– Income documents – salary slip, income tax return etc. may be required depending upon the credit card eligibility & policy

In addition to these, you maybe asked to provide additional documents, on a case-to-case basis.

Tracking your application status

Tracking credit card application status– You can track the status of your application on – ‘Track Application’ section. 

– Please click here – Home page (and see top section of the page section named – ‘Track your application’) OR
– Please click here – Eapply page (and see bottom of the page section named – ‘Track Credit Card Application’)
You need to enter some basic information (like application number/ reference number, name, mobile number), to see the status of your SBI Card application
Apply Now

on Paytm secure site