Paytm SBI Credit Card | Features | Benefits | Annual Fee | Worthiness

We had written a brief introduction about the launch of Paytm SBI SELECT and Paytm SBI Card in one of our earlier articles. You might want to read about it by clicking here. This article brings you the details such as benefits & features, fees, etc., regarding Paytm SBI Credit Card.

Welcome Benefits

• Complimentary Paytm First Membership worth INR 750 on the first settled transaction.

Cashback Structure

• 3% Cashback on all Travel, Movies and Paytm Mall purchases through Paytm App
• 2% Cashback on all other purchases through Paytm App
• 1% Cashback everywhere else

Milestone Benefits

• Complimentary Paytm First Membership E-Voucher on renewal on achieving Annual Retail spend of INR 1,00,000

Fuel Surcharge Waiver

• 1% Fuel Surcharge Waiver across all fuel stations

Annual Fee

• Annual fee: INR 589 (Including Taxes)
• Not reversible.

ChargePlate's Opinion

This is an elementary credit card and might suit beginners to start their credit journey. Compared to cards like Amazon Pay ICICI Credit Card, which offer similar or even better perks, without any annual fee, this card starts looking pale.

Further, even if you consider the 3% cashback category, you will only start enjoying the cashback benefits on your spending beyond INR 19,600 as 3% of INR 19,600 is INR 588, which you will end up paying as an annual fee. 

If you spend quite a fair amount on Paytm services annually, precisely above INR 20,000/year. You might consider it.

Should you require any further information, please do not hesitate to drop us a line in the comment section below. Alternatively, you can also write to us at admin@chargeplate.in.

Thanks for reading!