Paytm SBI Credit Card
SBI Cards · Visa
Why this card?
- 3% back in reward points on travel at Paytm; 1% on other spends
- ₹499 joining and annual fee
- 1% fuel surcharge waiver
Card details
- Issuer
- SBI Cards
- Network
- Visa
- Annual Fee
- ₹499
- Joining Fee
- ₹499
- Reward Type
- points
- Best Reward Rate
- 3% on travel at paytm
- Forex Markup
- 3.5%
- Domestic Lounge
- None
- Min. Monthly Income
- ₹15,000
- Rates verified
- 2026-10-06
Our verdict
Paytm SBI is a straightforward option for heavy Paytm users — up to 3% back as reward points on travel booked through the Paytm app, 2% on other Paytm app purchases and 1% everywhere else, for a ₹499 annual fee. The rewards only really pay off when your bookings and bill payments run through Paytm; outside the app it is a plain 1% rewards card. Rewards are credited as reward points (1 point = ₹1) rather than cashback, so read the current terms before applying.
Pros
- Up to 3% back as reward points on travel booked via the Paytm app
- 2% back on other Paytm app purchases
- 1% back on all other eligible spends, including UPI
- Fuel surcharge waiver on ₹500–₹3,000 transactions, up to ₹100 per statement cycle
Cons
- No lounge access at ₹499/year — competitors at this price offer domestic lounges
- 3.5% forex markup — not suitable for international use
- Benefits concentrated in Paytm ecosystem — narrow for users who spread spend broadly
- Rewards are points, not cashback, and fuel, wallet load and education spends earn none
Frequently Asked Questions
What is the annual fee of the Paytm SBI Card?
The joining fee and renewal fee are both ₹499 plus taxes. SBI Card does not publish a spend-based renewal waiver for the base Paytm SBI Card (the SELECT variant is different), so confirm on sbicard.com before assuming the fee will be reversed.
How much cashback does the Paytm SBI Card give?
Up to 3% on travel, movies and Paytm Mall purchases made through the Paytm app, 2% on other purchases made through the Paytm app, and 1% on all other spends. Rewards are tied to Paytm app transactions, so the headline rate does not apply on other platforms.
Does the Paytm SBI Card include a Paytm First membership?
Yes. Cardholders receive a complimentary Paytm First membership, renewed each year when annual retail spends reach ₹1 lakh.
Is the Paytm SBI Card good for fuel?
It carries a 1% fuel surcharge waiver, but fuel spends otherwise earn only the 1% base cashback, so a dedicated fuel card will usually do better.
Who should avoid the Paytm SBI Card?
People who rarely use the Paytm app, international travellers (3.5% forex markup) and anyone who wants airport lounge access, which this card does not offer.