Paytm SBI Credit Card

State Bank of India has introduced two cards in partnership with Paytm i.e. Paytm SBI Credit Card and Paytm SBI Select Credit Card. Therefore, the users can get great cashback benefits on travel, movies and mall purchases . There is an additional 1% cashback on spendings other than these. The rewards are earned every time you make a purchase and pay for it through Paytm. 

Paytm is one of the leading companies providing its customers with financial services and offering solutions for management of financial transactions in a digital manner including offline merchants and online customers. It brings the customers into the economy through banking, investments, payments etc. It makes financial services easy and accessible to every Indian that has a bank account and a mobile device.

  • Sure Card
  • Paytm SBI Credit Card
Features Sure CardPaytm SBI Credit Card
Features
EligibilityEveryone 18+Must be 21+ years. Must be salaried or self-employed. Must be a Paytm customer.
Approval100%Not guaranteed, not transparent
Joining FeesNILRs. 588.82 (Rs. 499 + 18% GST)
Annual FeesNILRs. 588.82 (Rs. 499 + 18% GST)
Interest Rate10-14%Upto 3.50% per month (42% per annum)
Cash Advance FeeNo Cash Advance2.5% of the amount withdrawn; minimum of Rs. 500
Over-limit ChargesNo over-limit transactions2.5% of the overlimit amount; minimum of Rs. 600
Late payment chargesNILFrom Rs.0 to Rs.500 - Nil More than Rs.500 up to Rs.1,000 - Rs.400 More than Rs.1,000 up to Rs.10,000 - Rs.750 More than Rs.10,000 up to Rs.25,000 - Rs.950 More than Rs.25,000 up to Rs.50,000 - Rs.1,100 More than Rs.50,000 - Rs.1,300
Card replacement feeNILRs. 100 to Rs. 250
Fuel SurchargeNIL1% of transaction amount. 1% Fuel Surcharge waiver for each transaction between Rs.500 and Rs.3000. Maximum Surcharge waiver of Rs. 100 per statement cycle, per credit card account.
Foreign Currency TransactionNIL 3.50%
Minimum Amount DuePay in Full5% of total outstanding amount Minimum of Rs.200 + applicable taxes
Rewards10 points for every Rs.100/- transaction for everyone, everywhere.3% cashback on Paytm Movies, Travel and Mall transactions. 2% cashback on other purchases using the Paytm App. 1% cashback on any other spends in online and offline stores. Paytm First Membership provided upon first settled retail transaction and payment of joining fees.
Referral RewardYesYes, but subject to approval
Anniversary RewardYesNo
Birthday RewardYesNo
ChargebackSimple online formMail printed and signed form
Privacy and SecurityYour data is not used and not soldCovers upto 1,00,000 of financial loss incurred during card usage.
CommunityYesNo
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Paytm SBI Credit Card vs. SURE Card

The Paytm SBI Credit Card provides a milestone benefit in the form of a Complimentary Paytm First Membership Voucher on achieving annual retail spends of Rs. 1,00,000. 

The Paytm SBI Credit Card can be used for shopping, movie and mall purchases, basically any retailers that might accept the payment through the Paytm App. This is because the card provides great cashbacks when customers use the Paytm app for payment. However, if you are not heavily invested in digital payments, the returns might reduce. SURE card on the other hand, is not limited to app purchases and can be used for any purchase by retailers who accept card payments.

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