Paytm SBI Credit card is a Paytm co-branded credit card in partnership with SBI cards. Paytm SBI credit card was launched in 2019. I am using this card for a long time, So my Paytm SBI credit card review will be helpful for you.
Today, in this blog post I will share the Paytm SBI card review, benefits, charges and rewards etc. I will share how to apply Paytm SBI credit card, Paytm SBI card variants, How to check Paytm SBI credit card status, Paytm SBI card tracking, Paytm SBI card charges, Paytm SBI card limit and more information.
Paytm SBI credit card is an entry-level credit card and is suitable for those who frequently shop through Paytm. You can get the highest cashback by using Paytm and earn 1% cash back on other offline & online spending.
It is one of the two co-branded credit cards launched by Paytm in partnership with SBI card. This is Paytm SBI credit card and another variant is Paytm SBI card Select, I have already reviewed Paytm SBI Select credit card on KeneFi. Read this blog post completely to know more about Paytm SBI credit card and wheater it is suitable for you or not.
Overview
| Annual fee | ₹499 |
| Suitable for | Paytm Users |
| Reward type | Cashback |
| Reward rate | 1% to 3% |
| Cashback limit | Unlimited |
| Welcome benefit | Paytm First Membership |
| Milestone | Paytm First membership renewal on spending ₹1 lakh per year |
| Partner bank | SBI |
Paytm SBI credit card will be available in two colours – black and white. You can choose the design while applying, Once you choose one colour you can’t change it.
Fees & Charges
| Joining fee | ₹499 |
| Renewal fee | ₹499 |
| Addon card | Nil |
| Replacement fee | ₹100 |
| Forex charge | 3.5% of the transaction amount plus tax |
| Interest | 3.5% p.m (42% p.a) |
| Reward redemption fee | Nil |
| Annual fee waiver | NA |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver at all fuel stations in India |
These are the fees & charges of Paytm SBI credit card. The joining fee is Rs.499 and renewal fee is Rs.499, There is no way to waive off annual fees. But on the spending of Rs.1 lakh in a year, you will get Paytm first membership benefits worth Rs.899.
Cashback & Rewards
With a Paytm SBI card, you can earn up to 3% unlimited cashback. There is no capping limit on cashback earnings, so you will earn unlimited cashback with your Paytm SBI card, But if you want more cashback then go for Paytm SBI select credit card.
Reward Rate: Below, I am sharing cashback & rewards of Paytm SBI credit card.
| Paytm mall, movies, travel | 3% |
| Other purchases on Paytm | 2% |
| Other online & offline purchase | 1% |
Reward redemption
Now, it comes to reward redemption, The cashback & rewards of your Paytm SBI card will be added to your Paytm wallet in form of a gift voucher, which you can use to recharge and shop etc on Paytm. Rewards will be credited to your Paytm wallet within 2 working days of bill generation. Cashback will be credited to your Paytm wallet directly, so there is no reward redemption fee with SBI Paytm credit card.
Other Benefits of Paytm SBI Credit Card
There are other benefits you will get with Paytm SBI card, Below I am sharing other benefits of this credit card.
Fuel Surcharge Waiver: You will get a 1% fuel surcharge waiver on every transaction between Rs.500 to Rs.300, The maximum surcharge waiver per statement cycle is Rs.100 for a Paytm SBI credit card.
Also Read: Best Credit Cards For Fuel Purchase in India
Festive Offers: During festive seasons you will get instant discounts at SBI partner sites. Paytm SBI card is a co-branded credit card but during the festive season, all SBI offers will be applicable on it.
Airport Lounge Access: No complimentary airport lounge access for Paytm SBI credit card users. But you will get 4 domestic airport lounge visits every year (1/quarter) and complimentary priority pass membership with Paytm SBI Select credit card.
Cyber Fraud Insurance: Paytm SBI card holders have covered up to Rs.1 lakh of financial loss incurred due to fraudulent usage of their credit card. This Cyber Fraud protection is insured by ICICI Lombard general insurance company.
Milestone benefits: Paytm SBI credit card users are eligible for a complimentary Paytm first membership at renewal on achieving an annual spend milestone of Rs.100000, You can get Paytm first membership every year.
Also Read: SBI Cashback Credit Card Review, Benefits, Rewards
How To Apply
Currently, you can apply for a Paytm SBI credit card only through the Paytm app, You can then check Paytm SBI credit card status on the Paytm app. Follow these below steps to apply Paytm credit card.
- Login to your Paytm app
- Find the ‘credit card’ tab under ‘loan and cards’
- Click on it and apply
- Provide basic details
- SBI card will contact you for KYC
- The card approved and will reach you within 7 days.
Eligibility Criteria
- Paytm user
- Indian citizen
- Good credit score
- Salaried & Self employed
To apply Paytm SBI credit card you need to be a Paytm user because apply link is available on Paytm app only.
Documents required
- Identity proof: AADHAAR card, Voter card
- Income proof: Salary slip, ITR file
- PAN card
Joining Benefits
You will get Paytm first membership worth Rs.899 with SBI card as a joining benefit. Paytm first program is a loyalty program and you can purchase at Rs.899, Paytm shows this program has benefits worth Rs.75000 but it’s not so useful for you. You will get Paytm first membership code after paying your first card bill.
Pros
- Easy card approval
- Cyber fraud protection
- Rewards credited as cashback
- No reward redemption fee
Cons
- No annual fee waiver
- Low reward rate
- No dedicated customer support
- Paytm first membership is not worthy
My Experience
I have a very limited credit card collection. I applied for a Paytm SBI card just to check if my application is approved or not. Fortunately, my Paytm SBI credit card application was approved and got a credit limit of Rs.84000, I hold an SBI cashback card with a very low credit limit. I am using a Paytm SBI card for a long time. Cashback is always credited to my Paytm wallet after 2 days of bill generation. The reward rate is low and no good milestone benefits.
What is the customer care number for Paytm SBI credit card?
There is no dedicated customer support number for Paytm SBI cards. You have to to call on general SBI card customer care number 18001801290 for assistance on Paytm SBI credit card.
How To get Paytm SBI credit card tracking details?
You will get Paytm SBI card tracking details via SMS once your credit card is dispatched through a courier. You can track delivery status via link or ask customer care.
How To Check Paytm SBI credit card application status?
When you apply for Paytm SBI credit card you will get an application number. You can check Paytm SBI credit card status on Paytm on SBI card website or you can ask customer care with your application number.
When I will get Paytm first membership code with Paytm SBI card
You will get Paytm first membership code once you pay your first bill of Paytm SBI credit card.
Summary
Paytm SBI credit card has a joining fee and renewal fee of Rs.499 which is same like SBI simply click credit card. But this card has very low benefits than Simplyclick card. You will get Paytm first membership as joining bonus which is not worth it. There is no option to waive off annual fee. So this Paytm SBI credit card is for beginners and regular Paytm users unless you can go for SBI Simplyclick, SBI Simplysave and SBI Cashback card etc.
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