Paytm SBI Credit Card: The Paytm SBI Credit Card, a co-branded in partnership with Paytm and SBI, an entry-level low-fee card suitable for the people who use Paytm on the daily basis and also for cashback on online spends. You get a cashback on every Rs 100 spent on Paytm Mall, movies, and travel and many more. You also get the cashback on other categories as well.
Also, you get a complimentary subscription to Paytm First Membership and get benefits. And using this credit card, you get a free Paytm First Membership voucher for annual spending of Rs 1,00,000. There are many more amazing benefits and rewards through this credit card.
Therefore, in this article we are going to see the features and benefits of the Paytm SBI Credit Card and also see the eligibility and how to apply for this credit card.
Contents
1. Paytm SBI Credit Card Features and Benefits
The Paytm SBI Credit Card is basically designed for the people who use the Paytm app for most of their online transactions.
Here we have mentioned the features and benefits offered by the Paytm SBI Credit Card:
- Welcome Benefits: As a joining benefit, you get a complimentary Paytm First membership post your first successful retail transaction on this card and get benefits worth Rs 25,000 using this Paytm First Membership.
- Milestone Benefits: You can get a Paytm First Membership Voucher, on spending Rs. 1 lakh in a year at renewal and for a low annual fee card, the spending milestone of Rs. 1 lakh seems quite reasonable.
- Cashback offers: Get up to 5% cashback on all travel, movies, and many more services, on every transaction. There is no capping on the number of times you can avail cashback such as for Paytm Mall, Movies, and Travel, get 3% cashback and on all other purchases on Paytm app, get 2% cashback and Other Spends across offline and online stores, get 1% cashback.
- Renewal Benefits: On spending Rs. 1 lakh, get a complimentary Paytm First Membership voucher in a year.
- Other Benefits: Get a protection cover of Rs 1 lakh in case of any deceitful transactions reported within the pre-defined time period.
- Fuel Surcharge Waiver: On your fuel transactions between Rs 500 and Rs 3,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India, get fuel surcharge up to Rs. 100 every month.
2. Paytm SBI Credit Card Fees and Charges:
- The joining fee charges are- Rs. 499
- The Annual fee or Renewal fee charges are- Rs. 499
- The Cash withdrawal fee, Rs. 500 or 2.5% of the withdrawn amount Domestic ATMs and also on International ATMs.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.5% per month (42% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: get Up to Rs. 500: NIL, Rs. 500 – Rs. 1,000: Rs. 400, Rs. 1,001 – Rs. 10,000: Rs. 750, Rs. 10,001 – Rs. 25,000: Rs. 950, Rs. 25,001 – Rs. 50,000: Rs. 1,100, Rs. 50,001 and above: Rs. 1,300.
3. Paytm SBI Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Paytm SBI Credit Card are as follows:
- The age limit for applying for this card is 18 years of age.
- The cardholder should be an Indian resident and an excellent credit score i.e., 750 and a strong relationship with the card issuer.
- The cardholder should be either through salary or self-employment with no minimum income requirement.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Paytm SBI Credit Card:
For Patym SBI credit card you can apply either online or offline. For offline mode, you can visit your nearest SBI branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Paytm SBI credit card:
- Step 1: Visit Official website of the SBI- www.sbicard.com.
- Step 2: Select the option of ‘Credit Card’.
- Step 3: Then, click on ‘Patym SBI Card’.
- Step 4: Next, select the ‘Check Eligibility’.
- Step 5: Enter all the requested details and providing the required documents.
You can also apply through Paytm app online, for that you have log into your Paytm app and select ‘Show More’ and tap on the ‘Loans and Credit Card’ section or you can also search ‘Credit Card’ in the Paytm search bar and click on the ‘Apply Now’ option and proceed with your application.
Therefore, this the method you can apply for your Patym SBI credit card online.
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