State Bank of India
Paytm SBI Card
Data last verified: 11 October 2026
- Joining fee₹499 + GST
- Annual fee₹499 + GST
- Reward rate1% on most spends; 3% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹499 + GST
- Annual fee₹499 + GST
- Forex markup3.5%
01Paytm SBI Card Rewards and Benefits
02Paytm SBI Card Annual Fee and Charges
- Joining fee
- ₹499 + GST
- Annual fee
- ₹499 + GST
- Spend-based waiver
- None
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- Not published
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 1%₹200
- Back each month, ₹2,400 a year₹200
- Annual fee with 18% GST−₹589
- In your pocket each year₹1,811
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Online shopping only at Paytm Mall & Movies: 3% back
- Travel only at Paytm Travel: 3% back
Skip it if…
- you spend less than ₹5,000 a month: below that the ₹589 fee costs more than the rewards
- most of your spending is fuel, rent, education or wallet top-ups: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on Paytm Mall & Movies or Paytm Travel: the 3% rate applies only there, everything else earns 1%
- you often pay in foreign currency: 3.5% is added to every foreign spend
04How Paytm SBI Card earns Rewards
1% on most spends; 3% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 1% | No cap | Anywhere else in the category |
| Online shopping, only at listed merchants | 3% | No cap | Only at: Paytm Mall & MoviesTerms: 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 |
| Dining and food delivery | 1% | No cap | The card's normal rate |
| Groceries | 1% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 1% | No cap | Anywhere else in the category |
| Travel: flights, hotels, trains, only at listed merchants | 3% | No cap | Only at: Paytm TravelTerms: 3% value back (as Reward Points, 1 RP = Re.1) on Paytm Mall, Movies and Travel booked on the Paytm App |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 1% | No cap | The card's normal rate |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 1% | No cap | The card's normal rate |
| School and college fees | Earns nothing | - | earns nothing on this card |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 1% | No cap | The card's normal rate |
| Everything else | 1% | No cap | The card's normal rate |
Terms on the base rate. 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 ₹100 or more
05Paytm SBI Card Travel Benefits
Spending abroad carries a 3.5% forex markup; rewards on it: 1% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver, insurance cover, milestone bonuses.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000; maximum ₹100 per statement cycle
- Insurance cover: Complimentary cyber fraud insurance cover of ₹1,00,000
- Milestone bonuses: Complimentary Super Saver Membership (formerly Paytm First) on card activation, granted again on renewal if your annual retail spend reaches ₹1 lakh
06Paytm SBI Card Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / address proof Income proof (salary slips or ITR) Recent passport-size photograph
07Recent Changes
What State Bank of India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 9 Mar 2026 | Reduced: School and education spends stop earningSource: State Bank of India | Reward Points earned | No Reward Points on MCC 5111, 5192, 5942, 5943, 5947, 8211, 8220, 8241, 8244, 8299, 8351 |
| 15 Jul 2024 | Reduced: Government transactions stop earning | Reward Points earned | No Reward Points on MCC 9311/9399 etc. |
| 1 Jul 2024 | Reduced: Cashback replaced by Reward Points | Direct cashback, auto-credited | Reward Points (1 RP = Re 1), redeemed manually |
| 15 Apr 2024 | Reduced: Reward points on rent payments withdrawnSource: State Bank of India | Reward points earned on rent payments | No reward points on rent payments |
| 5 Nov 2020 | Changed: Paytm SBI Card launched | - | - |
See this card's change history → · All card changes in March 2026 →
08Cards Similar to Paytm SBI Card
Paytm SBI Card is a shopping card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | Paytm SBI Card |  HSBC Live Plus Credit Card |  SBI Cashback Credit Card |
|---|---|---|---|
| Joining fee | ₹499 + GST | ₹999 + GST | ₹999 + GST |
| Annual fee | ₹499 + GST | ₹999 + GST | ₹999 + GST |
| Rewards | 1% on most spends; 3% only at partner merchants | 1.5% base, up to 10% on dining | 1% base, up to 5% on online shopping |
| Domestic lounge | Not included | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Shopping | Dining | Shopping |
09Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your Paytm SBI Card Bill
The SkyloFin app reads your bank's bill SMS, reminds you before the due date and marks the bill paid when you pay. Free on Android, and your data stays on your phone.
Common Questions
What is the joining fee for the Paytm SBI Card?
The joining fee is ₹499 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the Paytm SBI Card?
The annual fee is ₹499 + GST.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with State Bank of India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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