The verdict
A capable entry-level card for dedicated Paytm app users. The ₹750 welcome gift completely covers the ₹499 joining fee on day one, while 3% cashback on movies and travel provides straightforward savings for young consumers.
Spending ₹3,000/mo on Paytm movies/travel (₹1,080 cashback) + ₹4,000/mo on utility bills on Paytm (₹960 cashback) + ₹30,000 other retail spends reaches ₹1 Lakh annual spend: waives the ₹499 fee, earns ₹2,340 in total cashback + ₹750 welcome voucher, delivering ₹3,090 in net value (6.2× ROI).
For spenders who prioritize broad-spectrum 5% cashback on Flipkart or Amazon, Axis Flipkart or SBI Cashback cards deliver superior returns.
✓What works
- +3% flat cashback on Paytm Movies, Paytm Mini App purchases, and flight/bus travel bookings.
- +2% flat cashback on all other payments on the Paytm mobile app.
- +1% flat cashback on all other domestic online and offline retail spending.
- +₹750 cashback welcome gift + complimentary Paytm First Membership upon card activation.
- +Annual fee of ₹499 + GST is completely waived on spending ₹1,00,000 in a calendar year.
- +Available on RuPay network for direct UPI QR code transactions.
✕What doesn't
- −No complimentary airport lounge access.
- −Cashback is credited as Paytm balance / gift voucher, not direct statement bank credit.
- −Standard 3.5% + GST forex markup on international foreign currency spending.
What it earns
Cashback earned is credited to your Paytm Gift Voucher balance within 60 days of billing.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| Paytm Movies, Mini Apps & Travel | 3.0% Flat Cashback | Uncapped | ₹3,000 Cashback |
| Other Paytm App Payments | 2.0% Flat Cashback | Uncapped | ₹2,000 Cashback |
| All Other Domestic Retail Spends | 1.0% Flat Cashback | Uncapped | ₹1,000 Cashback |
| Fuel & Rent | 0% | Excluded | ₹0 |
Accelerated earn
3% on Paytm Entertainment & ₹750 Welcome Gift
Earn top cashback on movie tickets, flight bookings, and utility recharges.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Paytm Movies & Travel3% on movie & bus bookings. | 3× · 3.0% | Uncapped | — |
| Paytm App Ecosystem2% on bills & recharges. | 2× · 2.0% | Uncapped | — |
Redemption options
Cashback is auto-credited to your Paytm app gift balance for seamless digital shopping.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Paytm Wallet / Gift Voucher BalanceBEST VALUE | ₹1.00 per ₹1.00 cashback | ₹0 (Auto-credited) | None | Nil |
| Paytm Merchant QR Code PaymentsBEST VALUE | ₹1.00 per ₹1.00 cashback | ₹0 | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +Paytm app movie tickets, travel bookings, and utility bill recharges.
- +Paytm First membership privileges and OTT subscriptions.
- +General domestic retail transactions.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel purchases (1% surcharge waiver on ₹500–₹3,000).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹499 + GST (₹750 Cashback + Paytm First welcome gift) |
| Annual Renewal Fee | ₹499 + GST (Waived at ₹1,00,000 spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.5% / month (42.0% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–60 years |
| Salaried Income | ₹20,000+ monthly net salary |
| Self-Employed Income | ITR above ₹2.5 Lakhs per annum |
Frequently Asked Questions
Does Paytm SBI Credit Card offer airport lounge access?
What are the MITC charges, annual fees, and interest rates for Paytm SBI Credit Card?
What is the reward rate and point redemption value on Paytm SBI Credit Card?
Which transactions are excluded from earning rewards on Paytm SBI Credit Card?
Who is Paytm SBI Credit Card best suited for in 2026?
Editorial Deep-Dive Analysis
Comprehensive Overview: Paytm SBI Credit Card
The Paytm SBI Credit Card is a digital co-branded cashback credit card, developed in collaboration between SBI Card and Paytm on the Visa platform. Geared towards smartphone-first spenders, college graduates, and young digital consumers who actively manage utility bills, cinema bookings, and bus/train travel through the Paytm mobile app, it carries an affordable annual membership fee of ₹499 + GST, which is 100% reversed upon achieving ₹1,00,000 in qualifying retail spends in the previous card anniversary year.
The card provides direct statement cashback across digital lifestyle spends: cardholders receive an upfront ₹750 cashback voucher credited directly to their Paytm wallet upon making their first transaction within 30 days (surpassing the ₹499 joining fee), earn 3% cashback on Paytm movie tickets and travel bookings (flights, buses, trains), 2% cashback on all other purchases and utility bill recharges on the Paytm app, and 1% cashback on general offline and online retail transactions, with accumulated cashback credited automatically to the card statement every month.
Key Privileges and Practical Everyday Benefits
- ₹750 Welcome Cashback Voucher: Receive a ₹750 cashback voucher directly into your Paytm account upon completing your first transaction within 30 days of card issuance (150% immediate fee recovery).
- Complimentary 1-Year Paytm First Membership: Enjoy exclusive digital perks, OTT streaming passes, and dining vouchers through complimentary Paytm First elite membership.
- 3% Cashback on Paytm Movies & Travel: Earn 3% cashback on movie tickets, bus tickets, train bookings, and flight bookings completed directly within the Paytm mobile application.
- 2% Cashback on Paytm App Purchases: Earn 2% cashback on utility bill recharges (electricity, mobile prepaid/postpaid, DTH, piped gas) and shopping on the Paytm app.
- 1% General Retail Cashback: Earn 1% cashback on all other eligible online and physical point-of-sale swipes nationwide.
- Automated Monthly Statement Credit: Earned cashback is automatically calculated and credited directly against your credit card statement balance each billing cycle without manual voucher redemptions.
Important Terms and Spend Conditions to Keep in Mind
- Wallet Top-Up Exclusion: Loading money into the Paytm digital wallet or any third-party prepaid wallet earns zero cashback.
- Paytm First Renewal Policy: Complimentary Paytm First membership is provided for the first year upon paying the joining fee; subsequent years require regular qualifying card spend.
- Accessible Spend Waiver Target: The ₹499 annual renewal fee is automatically reversed on annual retail spends of ₹1,00,000 or more in the preceding year.
- No Airport Lounge Access: The card carries no complimentary domestic or international airport lounge access.
- Excluded Spend Categories: Fuel purchases, wallet loads, rent payments, and government transactions do not accrue cashback.
Who Benefits Most
- Active Paytm App Users: Spenders who habitually book movie tickets, bus/train tickets, and recharge bills on the Paytm application.
- Young Digital Consumers: First-time cardholders seeking automated monthly statement cashback without managing reward catalogs.
- Budget Suburban Spenders: Consumers wanting an accessible ₹499 card with instant ₹750 welcome cashback and a ₹1 Lakh annual spend waiver.
- SBI Card & Paytm — Credit Card schedule of charges
- Paytm Payments Bank & SBI Card — 3% cashback and Paytm First membership terms
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).