In-depth review
Paytm SBI Card
A low-fee entry card for Paytm regulars: 3% on Paytm Mall/Movies/Travel, 2% on other Paytm App spends and 1% everywhere else, now paid as Reward Points worth Re. 1 each. No lounge, no fee waiver — but at Rs. 499 it's an easy first card if Paytm is your default app.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
3% cashback at Paytm Mall & Movies
3% value back on Paytm Mall and Movies purchases on the Paytm App; other Paytm App spends earn 2%. Credited as Reward Points at 1 RP = Re.1
3% cashback at Paytm Travel
3% value back (as Reward Points, 1 RP = Re.1) on Paytm Mall, Movies and Travel booked on the Paytm App
Milestone Bonus
Complimentary Super Saver Membership (formerly Paytm First) on card activation, granted again on renewal if your annual retail spend reaches Rs. 1 lakh
Insurance Cover
Complimentary cyber fraud insurance cover of Rs. 1,00,000
💰 CASHBACK STRUCTURE
How much you earn back on each type of spend — no points math required.
3.0%
online shopping cashback
1.0%
Base rate (all other spends)
- 3.0% cashback on online shopping
- 1.0% on all other spends — no restrictions
For first-time cardholders and regular Paytm App users who want a cheap card that rewards recharges, bill payments, movies and travel booked through Paytm.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026.
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shoppingonly at Paytm Mall & Movies | cashback | 3% | — |
| Travelonly at Paytm Travel | cashback | 3% | — |
| Other | cashback | 1% | — |
Online Shopping: 3% value back on Paytm Mall and Movies purchases on the Paytm App; other Paytm App spends earn 2%. Credited as Reward Points at 1 RP = Re.1 · Paytm Mall & Movies
Travel: 3% value back (as Reward Points, 1 RP = Re.1) on Paytm Mall, Movies and Travel booked on the Paytm App · Paytm Travel
Other: 1% value back on all other online and offline spends, and 1% on UPI transactions; excludes wallet loads, fuel and (from 9 Mar 2026) school and education. Paid as Reward Points (1 RP = Re.1) since Jul 2024, on transactions of Rs. 100 or more
Earns nothing on: Fuel · Rent · Government & Tax · Wallet Loads · Education · Cash Advances
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Forex markup | 3.5% |
Perks & benefits
Estimated annual value beyond rewards — ~₹900/yr in total.
1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000; maximum Rs. 100 per statement cycle
Complimentary cyber fraud insurance cover of Rs. 1,00,000
Complimentary Super Saver Membership (formerly Paytm First) on card activation, granted again on renewal if your annual retail spend reaches Rs. 1 lakh
Spend milestone
- ₹1,00,000 a yearvalue not published
Should you get it?
- Best for: First-time cardholders inside the Paytm ecosystem, Regular Paytm App users wanting a low-fee card, Buyers of Paytm Movies and Paytm Travel
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on everyday spends (1% back; 3% only at Paytm Mall & Movies).
Pros & cons
✓ Pros
- Low Rs. 499 fee for an entry card with a full Paytm ecosystem tie-in
- 3% on Paytm Mall / Movies / Travel and 2% on other Paytm App spends
- Complimentary Super Saver Membership (formerly Paytm First)
- 1% fuel surcharge waiver and cyber fraud insurance cover
✕ Cons
- No annual-fee waiver, unlike the SELECT variant
- Value is thin unless most of your spending runs through the Paytm App
- No lounge access
- Fuel, wallet loads and (from 9 March 2026) school and education spends earn nothing
- Nothing under Rs. 100 earns at all — a real limit on a recharge-and-bills card
- Cashback is now paid as Reward Points (since 1 July 2024)
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar / address proof
- 📄Income proof (salary slips or ITR)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Reward Points redeem at 1 RP = Re. 1 against vouchers and the SBI Card catalogue
- 🎁Value back is credited automatically as Reward Points
What your Cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Direct cash adjustment — no conversion
There is no annual-fee waiver unlike the SELECT variant, and value is thin unless most of your spending runs through the Paytm App.
Frequently asked questions
How does the Paytm SBI Card earn?
Is there an annual-fee waiver?
Does it give lounge access?
How has the Paytm SBI Card changed over time?
Has the Paytm SBI Card been devalued recently?
How did the Paytm SBI Card change in 2024?
The bottom line
A simple, low-fee entry card that does exactly what an entry co-brand should — low fee, clear rewards, tight ecosystem fit. For a Paytm regular it is a reasonable first card, but the missing fee waiver is a genuine niggle and it rewards little outside the Paytm App.
How this page was built
Counted from this card’s own record: 3 earn rules, 2 paid only at named merchants, the spends listed as earning nothing and 3 recorded perks.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Paytm SBI Card are taken from SBI Card's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Guides and reviews related to this card.
Paytm SBI Card
A low-fee entry card for Paytm regulars: 3% on Paytm Mall/Movies/Travel, 2% on other Paytm App spends and 1% everywhere else, now paid as Reward Points worth Re. 1 each. No lounge, no fee waiver — but at Rs. 499 it's an easy first card if Paytm is your default app.
Paytm SBI Card SELECT
A mid-fee card that pays 5% back on Paytm Travel, Movies and Mall, 2% on other Paytm App spends and 1% everywhere else, now credited as Reward Points worth Re. 1 each. Lounge access and a 2-year Priority Pass sweeten a Rs. 1,499 fee that waives at Rs. 2 lakh. Worth it only if Paytm is genuinely your default app.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2020 · last change Mar 2026
2026
- ▼ RewardEffective 9 Mar 2026
School and education spends stop earning
Reward Points earned→No Reward Points on MCC 5111, 5192, 5942, 5943, 5947, 8211, 8220, 8241, 8244, 8299, 8351
From 9 March 2026 the card stopped accruing Reward Points on School and Education spends, named as a numbered clause in the card's own T&C booklet. This one had gone unrecorded on both Paytm cards until the 2026-08-06 SBI audit; it now binds in card-data via an EDUCATION exclusion.
Verification: SBI Card ↗ · Confidence: High
2024
- ▼ RewardObserved 1 Mar 2024 · Effective 15 Jul 2024
Government transactions stop earning
Reward Points earned→No Reward Points on MCC 9311/9399 etc.
From 15 July 2024 the Paytm SBI Card, as a co-branded card, stopped accruing Reward Points on government-related transactions - tax payments, fines and government services under MCCs such as 9311 and 9399 - part of an SBI-wide reward-exclusion rollout (notice dated 1 March 2024) that reached the core SBI cards on 1 June 2024. Caveat recorded 2026-08-06: neither Paytm T&C booklet lists government or rent in its own exclusion clause, and SBI scopes the portfolio rollout to "certain cards" behind per-card PDFs we could not enumerate. We therefore keep the event but do NOT bind GOVERNMENT or RENT in card-data for the Paytm pair.
Verification: CardAdvisor Research · Confidence: High
- ▼ RedemptionEffective 1 Jul 2024
Cashback replaced by Reward Points
Direct cashback, auto-credited→Reward Points (1 RP = Re 1), redeemed manually
From 1 July 2024 the card stopped paying instant cashback: the same 3%/2%/1% value is now credited as SBI Reward Points at 1 RP = Re 1, which the cardholder must redeem against vouchers or the SBI Card catalogue instead of receiving an automatic cashback credit. The nominal value is unchanged but liquidity and simplicity are reduced.
Verification: CardAdvisor Research · Confidence: High
- ▼ RewardObserved 15 Mar 2024 · Effective 15 Apr 2024
Reward points on rent payments withdrawn
Reward points earned on rent payments→No reward points on rent payments
The card's own T&C booklet lists MCC 6513 (Rental) in its table of categories that do not earn Reward Points. Recorded 2026-08-27 during the SBI portfolio sweep: Paytm SBI Card previously carried only the rent PROCESSING FEE events, never the rewards exclusion, so rent spend was still being credited at the base rate.
Verification: SBI Card ↗ · Confidence: High
2020
- ◆ LaunchObserved Oct 2019 · Effective 5 Nov 2020
Paytm SBI Card launched
SBI Card and Paytm launched their Visa co-brand (waitlist from 1 November 2020; the partnership was first announced in October 2019): 3% back on Paytm Mall, movies and travel booked on the Paytm app, 2% on other Paytm app spends and 1% on all other online and offline spends, paid as direct cashback. Joining/annual fee Rs.499 plus a complimentary Paytm First membership. Sources disagree on the exact launch date, so it is marked reconstructed.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/sbi-paytm#value-timeline">Paytm SBI Card value timeline</a>, CardAdvisor (CC BY 4.0).
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