Introducing our contactless Credit Card in partnership with SBI Card

We are happy to share that we have joined hands with SBI Card, the country’s largest pure-play credit card issuer to launch our next-generation cards. Available in two variants, Paytm SBI Card and Paytm SBI Card SELECT, these have been launched on the Visa platform.

Paytm SBI Card variants completely reimagine the credit card experience by enabling smart app features and providing superior rewards & benefits for its users.

With this launch, we aim to empower users to control their card experience through smart one-tap features on their Paytm app itself. Paytm SBI Card variants will be equipped with instant one-touch services such as blocking/ unblocking the card for online transactions, blocking the card in case of loss, issuance of a duplicate card and viewing outstanding credit-limit. It will also offer the option to safeguard our users against fraud by switching off the card for contactless payments or international transactions when not required. This service will also come with a personalized spend analyzer helping in assessing expenses and planning future spends smartly. Our users can register for the card from the app in less than 1 minute.

Designed for the new age, digitally savvy customers, Paytm SBI Card and Paytm SBI Card SELECT will bring customers rewards and savings upon using the card on the Paytm app as well as millions of online and offline stores. Cardholders will receive a cashback of 5% and 3% on Paytm SBI Card SELECT and Paytm SBI Card respectively, upon booking movie tickets and travel tickets on the Paytm app as well as on purchasing items from Paytm Mall.

For other spends on the Paytm app using the Paytm SBI Card variants, cardholders will receive 2% cashback while 1% cashback is offered on spends elsewhere. Our ecosystem offers a host of purchase categories and the Paytm SBI Card brings regular our users a multitude of cashbacks on their most relevant spending categories. The card will be available to customers around Diwali. However, select customers have a chance to apply for Early Access to the card by joining the waitlist that has gone live on the Paytm App from 1st Nov.

The cards deliver value from the point of enrolment itself, offering welcome benefits like complimentary Paytm First membership worth Rs 750. Paytm SBI Card SELECT also offers cardholders Rs 750 cashback upon first use.

We have digitized the entire credit card experience on the Paytm app — from the application process to tracking & issuance of the credit card. This service offers the flexibility of choosing a convenient time on the app itself for the collection of documents along with online tracking of card issuance & delivery. The seamless application process will reduce the rate of application rejections and will enable more people to participate in the formal credit system.

Benefits of Paytm SBI Card SELECT & Paytm SBI Card

Paytm SBI Card SELECT

Paytm SBI Card

1. How can I apply for Paytm SBI credit card?
Our customers can apply for the Paytm SBI Card and Paytm SBI Card SELECT online through their Paytm app. Both the cards can be availed at the annual fee of INR 499 and INR 1499 respectively. Customers will also have an option to choose from two-color variants on the Paytm App.

Due to high demand, we are currently offering these credit cards to select Paytm users only. To apply
- Log in to your Paytm app
- Select Show More and tap on Loans and Credit Card section
- Users can also search ‘Credit Card’ in the Paytm Search bar

2. What KYC documents are required to apply for a Paytm SBI Credit Card?
Once the application has been submitted, our users can book for the KYC verification appointment on the app itself as per their convenience and require the following documents for submission:
1. Photo ID proof copy
2. Address proof copy (Either current address or permanent address)
3. Passport size photograph
(Please note that in case of any discrepancy, additional documents might be required.)

3. When can I get the card?
Post the KYC document verification, our users will be notified about their card approval/ rejection status in the next 1–2 business days. Once approved, they will receive the card in next 5–7 business days.

4. What is the minimum age to apply for the card?
21 years

5. Is there is a minimum income requirement to apply for the card?
There is no minimum income requirement. Both salaried & self-employed users can apply for these cards. However, due to high traffic, the applications have been restricted to a limited audience.

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