SBI Card
Paytm SBI Credit Card
Annual Fee
₹589₹499 + GSTBase Reward
1% cashback
Foreign Markup
3.5% of the amount transacted.
Welcome Benefits
Complimentary membership to Paytm First worth ₹899.
Product Highlights
- 3% Cashback on every ₹100 spent on Paytm Mall, movies, and travel.
- 2% Cashback on every ₹100 spent on all other purchases on Paytm App.
- 1% Cashback on every ₹100 spent on any other offline/online transactions.
- Complimentary Paytm First membership worth ₹899.
- Liability Protection cover of ₹1,00,000 in case of fraudulent transaction.
- Fuel surcharge waiver of 1% on fuel transactions between ₹500 and ₹3000.
Merchant-Specific Rewards
Paytm Mall
3% Cashback on Paytm Mall, movies, utilities
Paytm Movies
3% Cashback on Paytm Mall, movies, utilities
Paytm Utility bills
3% Cashback on Paytm Mall, movies, utilities
Paytm
2% Cashback on Paytm-routed merchants
Reward Calculator
Earns ₹2,411/year (net)
Modest gain. Solid hold if you like the perks.
₹16K
across all your buckets
₹3K
direct cashback
₹3K
via direct credit
Effective rate
1.56%
Annual fee
₹589
Year 1 net
+₹2,411
Year 2+ net
+₹2,411
ongoing
Adjust your spend by reward bucket
3 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, balance transfer, cash advance, emi, insurance, jewelry, education, railways, wallet
Fuel surcharge waiver (good news)
1%on ₹500–₹3,000 fuel txns · capped at ₹100/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
3% Cashback on every ₹100 spent on Paytm Mall, movies, and travel. 2% Cashback on every ₹100 spent on all other purchases on Paytm App. 1% Cashback on every ₹100 spent on any other offline/online transactions.
Redemption
Redeem cashback on Paytm gift vouchers balance.
Benefits & Features
1% fuel surcharge will be waived off at all fuel stations in India.
Pros & Cons
Pros
- 3% Cashback on Paytm Mall, movies, and travel.
- 2% Cashback on other purchases on Paytm App.
- 1% Cashback on offline/online transactions.
- Complimentary Paytm First membership.
Cons
- Annual fee of ₹499 + GST.
- Cashback not applicable on e-wallet loading transactions.
Additional Info
Cashback is not applicable on e-wallet loading transactions.
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Min Age
18 yrs
Networks