Paytm SBI Card review: fees, rewards and eligibility
The Paytm SBI Card has a recorded annual fee of ₹499 plus GST and a base earn of 1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100. CardMasters checked its issuer terms on 2026-07-30. Affiliate commission never changes ranking; confirm final terms and approval with SBI Card.
Paytm SBI Card: short answer
The Paytm SBI Card is in the entry tier of SBI Card credit cards, with a joining fee of ₹499, an annual fee of ₹499 plus GST (waived on ₹1,00,000 of eligible annual spend), a base earn of 1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100 and a 3.5% forex markup. Rewards are not earned on fuel, wallet load, balance transfer, cash advance, easy money. It suits paytm ecosystem, cashback, first card spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-07-30. Confirm final terms with the issuer.
Reward structure
1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100
- 3 Reward Points per ₹100 on Paytm App travel, movies and mall — The accelerated rate depends on Paytm merchant ID and terminal ID routing and is deliberately not mapped to broad recommendation categories; minimum eligible transaction ₹100.
- 2 Reward Points per ₹100 on Other eligible Paytm App purchases — The accelerated rate depends on Paytm merchant ID and terminal ID routing and is deliberately not mapped to broad recommendation categories; minimum eligible transaction ₹100.
Eligibility and important limits
The issuer does not publish a card-specific approval cutoff in the current source. SBI Card does not publish a card-specific monthly-income or credit-score cutoff on the current Paytm SBI Card product page. Approval remains solely at the issuer’s discretion.
Does not earn: fuel, wallet load, balance transfer, cash advance, easy money, encash, dial a draft, atm withdrawal, fees, education, flexipay, merchant emi.
Important limit: Since 1 July 2024, cashback has been replaced by equivalent-value Reward Points at ₹1 per Reward Point.
Frequently asked questions
What is the annual fee for the Paytm SBI Card?
The published annual fee in our current record is ₹499 plus applicable GST. It can be waived after ₹1,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the Paytm SBI Card?
1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100. Accelerated routes include 3 Reward Points per ₹100 on Paytm App travel, movies and mall; 2 Reward Points per ₹100 on Other eligible Paytm App purchases. Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the Paytm SBI Card?
The current issuer-sourced exclusions recorded by CardMasters include fuel, wallet load, balance transfer, cash advance, easy money, encash, dial a draft, atm withdrawal, fees, education, flexipay, merchant emi. Merchant category coding and issuer terms determine final eligibility.
Who should consider the Paytm SBI Card?
It is most relevant for people focused on paytm ecosystem, cashback, first card. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the Paytm SBI Card worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹499 plus GST each year. The fee is waived at ₹1,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the Paytm SBI Card?
SBI Card does not publish a card-specific monthly-income or credit-score cutoff on the current Paytm SBI Card product page Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the Paytm SBI Card?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the Paytm SBI Card offer airport lounge access?
Domestic lounge access: none. International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.