IndusInd Bank Tiger vs Paytm SBI Card
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
IndusInd Bank Tiger and Paytm SBI Card differ first on recurring cost: IndusInd Bank Tiger has an annual fee of ₹0 against ₹499 + GST for Paytm SBI Card, so IndusInd Bank Tiger is cheaper to hold. On rewards, IndusInd Bank Tiger earns 1 Reward Point per ₹100 on eligible spend while Paytm SBI Card earns 1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100. IndusInd Bank Tiger has the lower forex markup at 1.5%. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-01. Confirm final terms with the issuer.
| Feature | IndusInd Bank Tiger | Paytm SBI Card |
|---|---|---|
| Issuer | IndusInd Bank | SBI Card |
| Joining fee | ₹0 | ₹499 + GST |
| Annual fee | ₹0 | ₹499 + GST |
| Fee waiver | No waiver recorded | ₹1,00,000 annual eligible spend |
| Base rewards | 1 Reward Point per ₹100 on eligible spend | 1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100 |
| Accelerated routes | None recorded | 3 Reward Points per ₹100 · 2 Reward Points per ₹100 |
| Reward exclusions | fuel | fuel, wallet load, balance transfer, cash advance, easy money, encash, dial a draft, atm withdrawal, fees, education, flexipay, merchant emi |
| Forex markup | 1.5% | 3.5% |
| Domestic lounge | 8/yr (no spend condition) | none |
| International lounge | 2/yr | none |
| Card networks | Visa | Visa |
| Best suited to | lifetime free, lounge, air india miles, high annual spender | paytm ecosystem, cashback, first card |
| Issuer evidence | Checked 2026-08-01 | Checked 2026-07-30 |
Frequently asked questions
Is the IndusInd Bank Tiger better than the Paytm SBI Card?
Neither is universally better. IndusInd Bank Tiger charges ₹0 a year and earns 1 Reward Point per ₹100 on eligible spend; Paytm SBI Card charges ₹499 + GST and earns 1 Reward Point per ₹100 on eligible spends, including UPI; minimum eligible transaction ₹100. The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, IndusInd Bank Tiger or Paytm SBI Card?
IndusInd Bank Tiger has the lower recorded annual fee at ₹0. A spend-based waiver may reduce the effective cost of the other card, so check the waiver threshold before deciding.
Which is better for international spending, IndusInd Bank Tiger or Paytm SBI Card?
IndusInd Bank Tiger publishes the lower forex markup at 1.5% versus 3.5%. Also confirm whether international transactions earn rewards, since some issuers exclude them.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.