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Paytm SBI Card FIRST
Visa
Paytm SBI Card FIRST
Paytm SBI Card FIRST is a co-branded Visa card jointly issued by SBI Card with Paytm handling distribution and reward redemption inside its own wallet ecosystem, aimed at Paytm's existing user base who want accelerated cashback on Paytm bill payments, recharges and QR merchant spends rather than a generic rewards program.
Rates and fees last verified 15 July 2026 · No bank pays us to rank higher.
Annual fee
₹499
Joining fee
₹499
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 720+ whose spend is concentrated in online shopping, fuel. Its annual fee waives if you can comfortably clear the spend threshold.
Benefits by category
- 🛍️ Shopping
5% reward rate (capped ₹1,000/monthly)
- ⛽ Fuel
2% reward rate
Eligibility
- Minimum credit score: 720
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–60
Benefits
- Accelerated cashback credited as Paytm Cash usable across the Paytm app ecosystem for recharges, bill payments and merchant QR payments
- Paytm gift vouchers on card activation and on crossing spend milestones in the first year
Pros
- + 5% cashback on Paytm app transactions including recharges and bill payments, up to a monthly cap
- + Backed by SBI Card's underwriting and service network
- + Annual fee waived on ₹1 lakh of yearly spend
Cons
- − Best rewards are locked to spending inside the Paytm app rather than general retail
- − Joining/annual fee of ₹499 unless waived by spend
- − Base reward rate outside Paytm-specific categories is unremarkable