Paytm SBI Card

Name: Paytm SBI Card
Brand: SBI Card
Price: 499 INR
Availability: InStock

Updated 5 Jul 2026Source-linked

The Paytm SBI Card is a entry co-branded credit card from SBI Card and Paytm, with a joining fee of ₹499 + GST.

It earns up to 3% on Paytm spends in the form of cashback.

Welcome benefit: Complimentary Paytm First Membership..

Paytm SBI Card

Joining Fee₹499
Annual Fee₹499
Best Suited ForCo-brand rewards
Reward TypeCashback

Rewards Rate

3% on paytm travel
2% on paytm app spends
Base 1.00% on other spends

Welcome Benefits

Complimentary Paytm First Membership.

Data verified 5 Jul 2026 — see our methodology

SBI

entryCo-brand · Paytm

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Rewards and Benefits

Rewards Rate

3% on paytm travel

2% on paytm app spends

Base 1.00% on other spends.

Reward Redemption

1 Reward Point = Re. 1.

Welcome Benefits

Complimentary Paytm First Membership.

Milestone Rewards

₹1,00,000 / annual: E-voucher for renewal of Paytm First Membership on annual retail spends of Rs. 1 Lakh.

Domestic Lounge Access

N/A

International Lounge Access

N/A

Travel

N/A

Movie & Dining

N/A

Golf

N/A

Insurance Benefits

fraud liability: ₹1,00,000

Other Benefits

N/A

See the math — accelerations & caps

What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.

Online shoppingGroceriesDining & food deliveryFuelTravel & hotelsUtilities & billsRentInternational / forex

Travel & hotels₹300/mo
You spend ₹10,000 · earns 3.0% = ₹300 uncapped

Base-rate spend

Non-accelerated spend, summarized at this card's base rate.

Online shopping₹15,000 · 1.0% = ₹150/mo
Online shopping — earns base; accelerated rate needs booking via paytm-app
Groceries₹8,000 · 1.0% = ₹80/mo
Dining & food delivery₹8,000 · 1.0% = ₹80/mo
Fuel₹4,000 · 1.0% = ₹40/mo
Utilities & bills₹5,000 · 1.0% = ₹50/mo

Est.net rewards for this spend, realistic

₹7,901/yr

₹8,400 rewards − ₹499 annual fee. Estimate for the spend you entered.

Fees & Charges

Spend-Based Waiver

Not waivable

Rewards Redemption Fee

N/A

Foreign Currency Markup

3.50%

Interest Rates

3.75% per month (45.0% annualised)

Fuel Surcharge Waiver

1.0% waiver on transactions between ₹500 and ₹3,000, capped at ₹100 per statement.

Cash Advance Charges

N/A

Product Details

Co-branded entry card by SBI Card and Paytm.
Joining / annual fee of ₹499 + GST.
Available on the Visa network.
Insurance cover bundled: fraud liability.

Pros & Cons

Pros

Milestone-based bonus rewards on annual / quarterly spend thresholds.
Accelerated earn worth ≈3.0% on paytm travel.

Cons

No annual-fee waiver option.
Standard forex markup of 3.50% — suboptimal for international spend.
No complimentary airport lounge access.

Welcome benefit

Complimentary Paytm First Membership.
Card issued

Accelerated rewards

3% on paytm travel
3% Cashback on Paytm Travel bookings via the Paytm App. Cap not stated on crawl.
2% on paytm app spends
2% Cashback on all other purchases on the Paytm App. Cap not stated on crawl.

Capping rules

No cap on the 3% Paytm travel/movies/mall Valueback (3 RP/₹100) per the Paytm SBI Card (base) T&C booklet (retrieved 2026-07-05); no per-calendar-month earning-limit clause. High confidence.

Milestone benefits

₹1,00,000 / annual: E-voucher for renewal of Paytm First Membership on annual retail spends of Rs. 1 Lakh.

Insurance benefits

fraud liability: ₹1,00,000
Cyber Fraud Insurance cover of Rs. 1,00,000.

Fuel surcharge waiver

1.0% waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹100 per statement.

Sources

: www.sbicard.com · retrieved 3 Jul 2026

Last verified 5 Jul 2026. Verify with the issuer before applying.

Eligibility

Age: 21–65
Credit score: 700+
Income (salaried): ₹3,00,000 p.a.
Income (self-employed): ₹3,00,000 p.a.

Eligibility criteria not published on the product page.

Tagscashback co brand entry