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Paytm SBI Credit Card

Annual Fee ₹499 + GST

Reward Rate 1% to 1.5% cashback

Lounge Access None or varies by variant

SBI

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Paytm SBI Credit Card Visa

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Community Consensus

Consensus Note: Paytm SBI Credit Card issued by SBI Card remains a flagship choice for Paytm App Spends & Cashback. Verified user discussions highlight strong yields on spending thresholds.

At-A-Glance Quick Facts

payments Annual Membership Fee

stars Base Reward Return Rate

flight_takeoff Airport Lounge Privilege

account_balance_wallet Min Monthly Income

₹25,000 / month

speed Recommended CIBIL Score

750+

8.4 / 10

AI Verdict CredSutra Engine

Synthesized objective algorithmic score

Confidence: 95%

The Paytm SBI Credit Card issued by SBI Card offers competitive value for Paytm App Spends & Cashback. Audit your monthly spending against its ₹499 + GST fee structure.

Key Trade-offs & Considerations

⚡ Annual fee of ₹499 + GST
⚡ Lounge access policy: None or varies by variant
⚡ Reward rate: 1% to 1.5% cashback

Key Benefits & Characteristics

stars

Category Rewards Multiplier Matrix

1 RP ≈ ₹0.25 to ₹1.00

Spend Category	Earning Multiplier / Return Rate
flight Travel & Flights	2% to 5% points
shopping_cart Online Shopping & SaaS	1% to 5% cashback
storefront Offline Retail Stores	1% reward points
account_balance Government & Tax Pay	0.5% (Caps apply)
house Rent & Wallet Loads	Excluded / 1% surcharge

receipt_long Fee & Surcharge Breakdown

badge Joining Fee

event_repeat Annual Fee

₹499 + GST

savings Fee Waiver Threshold

N/A

currency_exchange Forex Markup

3.5% + GST

warning Late Payment Fee

Up to ₹1,300

Detailed Analysis & Review

Community Verdict

[!NOTE] Our Take: A decent cashback tool for individuals heavily integrated into the Paytm application wallet framework. Recent vendor devaluations make it slightly restrictive, but for movie tickets and flights inside the app, it still functions well.

Pros

Direct App cashback: Earn up to 1.5% directly on travel bookings, movie tickets, and bill runs on the Paytm application.
Hassle-free redemption: Accumulates directly as Paytm Gift Voucher balances without any separate conversion forms.
Easy fee waiver: Highly simple spend goals to secure a full waiver of the annual fee.

Cons

Lock-in effect: Earnings are strictly valid within the Paytm platform ecosystem and cannot be withdrawn as hard cash.
Wallet exclusions: Loading money into Paytm Wallet yields zero rewards.
No airport lounges: Does not offer any domestic or international airport transit benefits.

Reward Spends & Categories

Understanding how your card earns is critical to maximizing your monthly budget. The Paytm SBI Credit Card delivers a reward yield of 1% to 1.5% cashback with the following earning rates per category:

Category Spend	Earning Rate / Reward Points
✈️ Flights & Hotels	1% flat rewards
🛍️ Online Shopping	1.5% rewards online
🛒 Offline / Retail Spends	1% cashback on all spends
🏛️ Government Spends	0% (Government transactions excluded)
🏠 Rent Transactions	0% (1% fee capped at ₹250 + GST)

Reward Point Redemption Value

When redeeming your accumulated points, select the highest value redemption channel:

Cash / Statement Credit: Value of 1 Point = ₹0.25
Airmiles (Flight Transfers): Value of 1 Point = 0.25 Airmile per point
Cash Vouchers (Brand Catalog): Value of 1 Point = ₹0.25

Airport Lounge & Travel Perks

Lounge accessibility is currently one of the most volatile card benefits in India. This card offers: None or varies by variant.

[!TIP] With multiple banks implementing quarterly spend-based criteria, make sure you meet the baseline thresholds in the preceding quarter to prevent lounge access declines at the terminal.