INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).
🏛️State Bank of India (SBI Card)Network: VisaShopping & Rewards CardsLast Verified: 2026-09-28
Paytm SBI Card
पेटीएम एसबीआई कार्ड
Entry-level digital co-branded card offering 3% value back on Paytm Travel & Movies, cyber fraud insurance, and fee waiver on spending ₹1 Lakh.
Annual Fee₹499 + GST (Renewal: ₹499 + GST)
Reward Rate3% value back (Reward Points) on Paytm Travel, Movies, and Mall. 2% on all other Paytm app spends. 1% on offline retail.
Airport LoungeNo complimentary airport lounge access.
Forex Markup3.50% + GST.
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What Is This Card
Paytm SBI Card is an entry-level digital lifestyle card providing seamless cashback integration for movie ticket bookings, bus and flight travel, and utility bill recharges on Paytm.
02
Key Benefits (Official MITC Sourced)
💳Annual Fee & Joining Fee
₹499 + GST (Renewal: ₹499 + GST)
Fee Waiver: Spend ₹1,00,000 or more in the preceding membership year to get the annual renewal fee of ₹499 reversed.
🎁Welcome Benefit
₹250 cashback / reward points credited to Paytm account on 1st retail spend + complimentary Paytm First membership.
⚡Reward Points Structure
3% value back (Reward Points) on Paytm Travel, Movies, and Mall. 2% on all other Paytm app spends. 1% on offline retail.
Redemption Value: 1 Reward Point = ₹1.00.
🛫Airport & Railway Lounge Access
No complimentary airport lounge access.
🛡️Insurance & Fuel Surcharge Waiver
Insurance Cover: Cyber fraud insurance protection cover up to ₹1 Lakh.
Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 at all petrol pumps in India (maximum ₹100 per billing cycle).
🎯Milestone Spends & Grace Period
Milestones: Annual fee waiver on ₹1 Lakh annual spends.
Interest-Free Period: 20 to 50 days.
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What's Missing (Eligo's Honest Disclosures)
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Fine-Print Exclusions & Realistic Costs
No airport lounge access. Wallet loading excluded from cashback. Cash withdrawals attract immediate interest.
Forex Markup Fee3.50% + GST.
Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month.
Finance Charges (Interest)Up to 3.50% per month (42.00% per annum).
Late Payment SlabsNil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.
Reward Points ExpiryPoints valid for 24 months from accrual.
Categories Earning ZERO Rewards (Standard MITC Exclusion):Wallet loads, rent payments, educational payments, and government services.
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Eligibility Criteria
Salaried or self-employed individuals aged 21 to 70 years.
Age Requirement21 to 70 Years
Minimum Income₹2,40,000 per annum (Salaried) / ₹3,60,000 per annum (Self-Employed ITR)
CIBIL Score NoteRecommended CIBIL score of 700+.
SBI RelationshipNot mandatory.
05
How to Apply (Official Procedure)
Online Digital Application Flow
1Visit sbicard.com/apply or open the YONO SBI app and select Paytm SBI Card.
2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).
3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).
4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).
5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).
6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.
Branch Application for Offline Applicants
Available at any SBI branch with standard physical KYC.
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Documents Required
1. PAN Card
2. Aadhaar Card
3. Recent salary slip or ITR copy.
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Frequently Asked Questions (Official MITC)
What happens if I miss the minimum payment due on Paytm SBI Card?
If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum). will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.
Can I convert transactions on Paytm SBI Card into EMI?
Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.
How do I track and redeem reward points or cashback on Paytm SBI Card?
You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. 1 Reward Point = ₹1.00. Please note: Points valid for 24 months from accrual.
What is the interest-free grace period on Paytm SBI Card and how does it work?
The interest-free period on Paytm SBI Card is 20 to 50 days.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum).) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.