Paytm SBI Card

SBI Card · Open to apply

A Paytm co-brand card that pays value back as Reward Points worth ₹1 each: 3% on travel booked on the Paytm app, 2% on other Paytm app purchases and 1% everywhere else including UPI, on transactions of ₹100 or more. Fee ₹499 with no spend waiver, a complimentary Paytm First membership and cyber fraud cover of ₹1 lakh.

Annual fee
₹499 + GST a year
Joining fee
₹499 + GST
Base rate
1% on all other spends, including UPI: 1% in SBI Card Reward Points (about 1% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 2026

Main earn rates

  • 3% on travel bought on the Paytm app: 3% in SBI Card Reward Points (about 3% at cash value)
  • 2% on other purchases on the Paytm app: 2% in SBI Card Reward Points (about 2% at cash value)
  • 2% at Paytm: 2% in SBI Card Reward Points (about 2% at cash value)

Earns nothing on

  • No Reward Points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
  • No Reward Points on wallet loads (Paytm or any other app; MCCs 6540, 6541)
  • No Reward Points on rent or government-related payments (MCCs 6513, 9311, 9399)
  • No Reward Points on school and education spends (from 9 Mar 2026)
  • No Reward Points on cash advances, ATM withdrawals and balance transfers
  • No Reward Points on Flexipay and Merchant EMI (from 20 Nov 2020)

Where the sources disagree

  • Paytm categories at 3%: The product page's rewards section lists "3% Cashback on Paytm Mall, Movies and Travel", while its privileges section and the T&C booklet give 3% on travel only and 2% on other Paytm app purchases. We use the booklet.

Terms the calculator does not value

  • Accelerated categories on Paytm follow Paytm's merchant and terminal ID list on a best-effort basis; SBI Card may refuse to add IDs retrospectively.
  • Value-back is earned on transactions of ₹100 or more; the calculator applies that at its typical payment sizes.

Sources

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