Paytm SBI Card
SBI
₹499
Joining fee
₹499, waived at ₹1L spend
Annual fee
No waiver mentioned or available.
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹20,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Described only as an 'entry-level credit card' with 'relaxed eligibility criteria' — no specific age/income/CIBIL figures given.
Reward details
1% base rate on non-Paytm spends
- 3% reward points on Paytm Mall/movies/travel via Paytm
- 2% reward points on Other Paytm spends
Welcome bonus: Complimentary 1-year Paytm First Membership as welcome benefit, renewable on Rs 1 lakh annual spend
Redemption
1 reward point = Rs 1
Ratio: 1:1
Excluded from rewards: wallet load, fuel, rent, government transactions
- 1% fuel surcharge waiver (Rs 500-3,000 transactions, Rs 100/month cap)
- Cyber fraud insurance Rs 1 lakh
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Complimentary Paytm First Membership — Paisabazaar
- Accelerated rewards on Paytm spends — Paisabazaar
- Easily achievable renewal milestone — Paisabazaar
Complaints
- No annual fee waiver available — Paisabazaar
- Minimal base rewards — Paisabazaar
- No lounge access — Paisabazaar
- No lifestyle/travel perks — Paisabazaar
Sources
- Official — rendered only partial reward highlights (3%/2% cashback figures), no full fee/eligibility details
- Aggregator — fees, rewards, sentiment; aggregator content last updated September 9, 2025