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Paytm SBI Card
SBI Card
Joining Fee₹499Renewal Fee₹499
Last verified: 23 Sept 2026
Reward Program
Reward Points1 point = ₹1.00
| Category | Earn Rate | Monthly Cap |
|---|---|---|
Paytm Travel | 3% | No cap |
All other purchases on the Paytm app | 2% | No cap |
| All other spends | 1% | No cap |
Redemption fee: 99
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Managed via SBI Card Rewards, Paytm app
Transfer partners
SBI states '1 Reward Point = Re. 1'. With effect from 1 July 2024 the cashback this card used to pay was replaced by Reward Points at the same rupee rate, so the headline percentages are unchanged but the mechanism is not.
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Benefits
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Fuel Surcharge Waiver
1% fuel surcharge waiver on every transaction between ₹500 and ₹3,000 at all petrol pumps across India, capped at ₹100 per statement cycle per credit card account. Fuel spend earns no Reward Points.
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Welcome Benefit
Complimentary Paytm First membership
Insurance Cover
Cyber fraud insurance cover₹1,00,000
Milestone Benefits
Spend ₹1,00,000/yearE-voucher for renewal of Paytm First membership
Reward Calculator
Assumes the best-paying merchant everywhere, so read it as a ceiling rather than an average.
What this card is worth
Open a section and enter what you actually spend. Everything updates as you type.
Fees & Charges
| Joining Fee | ₹499/yr |
| Renewal Fee | ₹499/yr |
| Forex Markup | 3.5% |
| Interest Rate | 45% p.a. |
| Cash Advance Fee | 2.5% of the transaction amount, subject to a minimum of ₹500, at domestic and international ATMs. |
| Reward Redemption Fee | 99 |
