Paytm SBI Credit Cards – Eligibility, Benefits, Fees & Charges, How To Apply

Recently, Paytm partnership with SBI and launch two new credit cards – Paytm SBI Credit Card and Paytm SBI Credit Card Select and you can apply for these cards through the Paytm App and the best part of these credit cards are you earn cashback on every transaction and these credit cards have no expiry program. Below are the complete details about both Paytm SBI Credit Cards.

Features and Benefits of Paytm SBI Credit Cards

  • Welcome Benefits –
    • For Paytm SBI Credit Card – You will get benefits up to Rs. 75,000 with a complimentary Paytm First Membership
    • For Paytm SBI Credit Card Select – You will get benefits up to Rs. 75,000 with a complimentary Paytm First Membership and Also, you will get 750 Rs as Cashback in your Paytm Wallet.
  • Cashback Benefits –
    • For Paytm SBI Credit Card – You will get 3% cashback when you book movie and travel tickets through paytm app and shopping on Paytm Mall and you will also get 1% cashback on others online and offline stores.
    • For Paytm SBI Credit Card Select – You will get 5% cashback when you book movie and travel tickets through paytm app and shop through Paytm Mall App and you will also get 1% cashback on others online and offline stores.
  • Cyber Fraud Insurance –
    • For Paytm SBI Credit Card – You will get an extra protection against cyber fraud with Cyber Fraud Insurance cover of 1,00,000 Rs.
    • For Paytm SBI Credit Card Select – You will get an extra protection against cyber fraud with Cyber Fraud Insurance cover of 2,00,000 Rs with your card.
  • Fuel Surcharge Waiver
    • For Paytm SBI Credit Card – 1% Fuel Surcharge waiver for each transaction and maximum surcharge waiver of Rs.150 per statement cycle and per Paytm SBI credit card account.
    • For Paytm SBI Credit Card Select – 1% Fuel Surcharge waiver for each transaction and maximum surcharge waiver of Rs.250 per statement cycle and per paytm sbi credit card select account.
  • Worldwide Acceptance – Both Paytm SBI Credit Cards is an international credit cards and you can be used over 24 million outlets worldwide.
  • Flexipay Facility – You can easily convert your transactions in easy monthly installments.
  • Both Paytm SBI Credit Cards have no cashback expiry program.

Eligibility For Paytm SBI Credit Cards

  • Applicant age should be minimum of 21 years to apply for Paytm SBI Credit Card & Paytm SBI Credit Card Select.
  • Both salaried & self-employed persons are eligible for Paytm SBI Credit Card & Paytm SBI Credit Card Select.
  • Paytm SBI Credit Cards is available only for selected customer of Paytm at the time.
  • No minimum income requirement to apply for Paytm SBI Credit Card & Paytm SBI Credit Card Select.

Documents Required For Paytm SBI Credit Cards

For KYC Verification, the Applicant can book an appointment via Paytm App. the following documents are required to submit for KYC verification-

  1. Identity Proof
  2. Address Proof
  3. Passport Size Photograph

Fees & Charges of Paytm SBI Credit Cards

  • Joining Fee – 499 Rs for Paytm SBI Credit Card & 1499 Rs for Paytm SBI Credit Card Select.
  • Annual Fee – 499 Rs for Paytm SBI Credit Card & 1499 Rs for Paytm SBI Credit Card Select.
  • Late Payment Fee –
    • upto Rs 500 – NIL
    • Rs 400 if amount due between 501 Rs – 1000 Rs.
    • Rs 750 if amount due between 1001 Rs – 10000 Rs.
    • Rs 950 if amount due between 10001 Rs – 25000 Rs
    • Rs 1100 if amount due between 25001 Rs – 50000 Rs
    • Rs 1300 if amount due 50001 Rs and above.
  • Card Replacement – 100 Rs.
  • Finance Charges – 3.50 % per month.

How to Apply For Paytm SBI Credit Cards

  • Firstly, Open the Paytm App and login to your Paytm account.
  • After login into your Paytm account go to Loans & Credit Card section.
  • Cllick on paytm credit cards and tap on apply now oprion.
  • Now fill the required details and proceed with your application.
  • Once your application is approved you credit card will be delivered to you within 7 business days.

FAQ Related To Paytm SBI Credit Cards

What is the minimum age to apply for a Paytm SBI Credit Card and Paytm SBI Credit Card Select?

21 Years.

Is there any minimum income requirement to apply for a Paytm SBI Credit Cards?

There is no minimum income requirement to apply for Paytm SBI Credit Card & Paytm SBI Credit Card Select.

How can I apply for Paytm SBI Credit Cards?

You can apply for Paytm SBI credit cards via the credit card section on the Paytm app.

When will I receive my Paytm SBI Credit Card?

You will receive your Paytm SBI credit card within 7 business days.

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