Paytm in partnership with SBI Card is trying its luck in the Credit Card segment with launch of two cards.

In this article I am going to cover and compare these two variant of Paytm SBI Credit Card.

My article will let you know all round benefits of these cards and it will provide all information and my thoughts so that you choose right card. And at last I will share my views about both cards.

Overview

These cards are not the first card launched by Paytm, Paytm First Credit Card is already in the market.

The name of card launched are Paytm SBI Card and Paytm SBI Card SELECT. Both of these cards are launched on visa platform.

Paytm SBI Card which is entry level card whareas Paytm SBI Card SELECT is higher variant credit card.

Application Tips

Should I Apply?

This card doesn’t offer any mind-blowing benefits that you should apply for this card.

But to be sure check out full review and then decide whether to have this card or not.

Are You Eligible?

Both from SBI and paytm eligibility has not been specified on their websites.If you don’t want your application to be rejected, you must check these points before applying :-

• Must be indian resident
• Age Limit :- 21 years Minimum
• Address proof copy
• Have a stable income
• Have a good credit History

As this card is from SBI your application may get rejected so be careful.

If you have any other bank credit card you you can also apply this card on card on card basis.

Application Status

If you have already applied, you can check your application status in two ways:-

• Call 1860 500 1290 or 1860 180 1290 number.
• Visit SBI card Website(Sbicard.com)

Reconsideration

If your application is denied, I recommend calling for an inquiry about why your application has been rejected.Before applying next time fix these issues, and call again. It’s surprising how often denials can be changed to approvals.

Annual Fees

Paytm SBI Card Select

• Annual Fees :- ₹1499 + GST
• Joining Fees :- ₹1499 + GST

Note :- Fees waiver on ₹2,00,000 annual retail spend

Paytm SBI Card

• Annual Fees :- ₹499 + GST
• Joining Fees :- ₹499 + GST

Note :- No fees waiver

Benefits of Paytm SBI Card SELECT & Paytm SBI Card

Welcome benefits

When you activate your card and make your first transaction with these cards you will be rewarded with these benefits:-

Paytm SBI Card Select

• Free Paytm First Membership worth INR 750 on first transaction with this card
• INR 750 Cashback

Paytm SBI Card

Free Paytm First Membership worth INR 750 on first transaction with this card

Cashback Benefits

The best benefit of this credit card is cashback reward program. So lets check out what are these:-

Paytm SBI card Select

• 5% Cashback :- On Travel, Movies and Mall purchases through Paytm App
• 2% Cashback :- On other purchases made through Paytm App
• 1% Cashback :- On other transactions whether offline or online

Paytm SBI card

• 3% Cashback :- On Travel, Movies and Mall purchases through Paytm app
• 2% Cashback :- On other purchases made through Paytm app
• 1% Cashback :- On other transactions whether offline or online

Note :- No Cashback on wallet load and fuel spend

Reward Value

Reward value for 1 reward point is ₹ 1 which is really good and these points comes with no expiry date.

All reward cashback will added to paytm wallet as Gift card balance.

Milestone Benefits

One of the most impressive benefit of this credit card is that you will be rewarded with milestone benefits.

Paytm SBI card

You will get complimentary Paytm first membership renewal on achieving ₹ 1 Lakhs Milestone.

Paytm SBI card SELECT

• Rs. 2,000 gift voucher on achieving Annual spend of ₹ 4 Lakh (Reward rate :- 0.50%)
• Rs. 4,000 gift voucher on achieving Annual spend of ₹ 6 Lakhs (Reward rate :- 0.50%)

Lounge Access Benefits

Paytm SBI card does not have any lounge access benefits whereas Paytm SBI card select has. Paytm SBI card SELECT offers 4 domestic lounge access which is limited to 1 per quarter.

For international lounge access it comes with free Priority pass membership worth US $99 for first 2 years.

Note :- Only priority pass membership is free, you will charged with US $27 per visit.

Fuel Surcharge Benefits

Both card offers 1% fuel surcharge waiver on all fuel spending

Note :- Transaction limit ₹500 to ₹4000 and Surcharge waiver of upto ₹250(For Paytm SBI card Select) and ₹100 (for Paytm SBI card) per statement cycle

Fraud Insurance Cover

Both card comes with cyber fraud insurance for amount of Rs. 1,00,000(For Paytm SBI Card) and Rs. 2,00,000(For Paytm SBI Card Select).

How can I apply for Paytm SBI credit card?

1. Simply open Paytm App and search for “Paytm SBI Credit Card“
2. You will land on a page where you will be shown features of this card.
3. Now click on apply now or wishlist option which ever is showing on your app.
4. A new page will be open where you have to enter your detail.

For Paytm SBI Credit Card
on PAYTM’s Secured Site.

Our Verdict

This credit card is to totally waste, I won’t recommend this card to anyone Rest is your choice. I won’t think majority of people use paytm for shopping instead of using Amazon and Flipkart. Axis bank ace credit card is way better option then this card.

Paytm SBI credit card FAQ