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Paytm SBI Card
Paytm SBI Card is the entry-level, base variant of SBI's Paytm co-brand line, sitting below Paytm SBI Card SELECT. It earns modest cashback on Paytm app travel and mall spends and bundles a free Paytm First membership, all at a low and easily waived ₹499 fee — a sensible low-commitment starter card for Paytm users, though it skips the lounge access and richer benefits of the SELECT variant.
Annual fee
₹499
Joining fee
₹499
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping. It's worth the annual fee mainly if your cashback value clears it.
Rewards & benefits
- Rewards rate: 1% base rate
- Insurance benefits: Cyber fraud insurance cover of ₹1 lakh against unauthorized digital transactions
Benefits by category
- ✈️ Travel
3% reward rate
- 🛡️ Insurance
Cyber fraud insurance cover of ₹1 lakh against unauthorized digital transactions
- 🛍️ Shopping
2% reward rate
- ⛽ Fuel
1% fuel surcharge waived on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–70
Fees & charges
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- Complimentary Paytm First membership granted on activation, renewable each year on crossing ₹1 lakh in annual spend
- Cyber fraud insurance cover of ₹1 lakh against unauthorized digital transactions
- 1% fuel surcharge waived on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle
Pros
- + Free Paytm First membership on activation
- + Low, easily waived ₹499 fee
- + Cyber fraud insurance cover included
- + 3% cashback on Paytm app travel spend
Cons
- − Cashback is concentrated in the Paytm app
- − No lounge access, unlike the SELECT variant
- − Weak 1% base rate on non-Paytm spend