Make spending more rewarding with the all new Paytm SBI Card

December 18, 20202 mins

Time is money, so the popular saying goes. In today's world, digital payments have revolutionized the way we live and spend. Credit cards and mobile wallets such as Paytm have become a necessity for seamless transactions. While mobile wallets facilitate payments with the help of a smartphone and are used mostly for small ticket purchases, credit cards are used extensively for both online & offline purchases & mostly for big ticket purchases.  Both the digital payment methods are gaining more & more popularity, especially during the unprecedented times, as they are contactless, fast, simple and secure.

So how would it be if we marry the mobile wallet with a credit card? If you are searching for an answer, look no further -- SBI Card, a pure play credit card issuer, has recently joined hands with Paytm to launch two new credit cards: Paytm SBI Card and Paytm SBI Card SELECT. The collaboration is a win-win for tech-savvy millennials who are looking for a smart digital payment solution that can offer great benefits on every spend.

These cards offer a seamless user experience where Cardholders can be in control of their card with just a tap on their Paytm App or SBI Card Mobile App. Cardholders can easily block the card in case of loss or theft, re-issue a card, manage their account, all with just a tap. The card also comes with a smart spend analyser which allows one to assess their spends & manage their finances smartly.

Let’s take a look at the benefits of these new SBI Cards:   

Paytm SBI Card Select 

What This Card Offers:

* Cardholders would receive complimentary membership of Paytm First, a premium subscription-based rewards & loyalty program for Paytm users. A Paytm First member enjoys exclusive benefits from leading partnered brands such as 1MG, KFC, ZEE5, Gaana Plus, Myntra & more.

In addition to this, Cardholders will also get INR 750 Cashback as Welcome Benefit. 

* For all the Paytm users who use the Paytm App extensively, this card will surely be a boon as it will provide Cashback on every spend.  Users will get 5% Cashback on Paytm Mall, movies and travel spends on Paytm App & 2% Cashback on all other purchases made on Paytm App

* Cardholders can make travel journeys more rewarding with Paytm SBI Card SELECT as one would get complimentary Priority Pass Membership and access to the premium International & Domestic Airport Lounges.

* Fuel spends anywhere between INR 500 and INR 3,000 will lead to 1% fuel surcharge waiver on each transaction. For each credit card account, the user can get a maximum surcharge waiver of INR. 250 per statement cycle.

PayTM SBI Credit Card 

What This Card Offers:

* Cardholder will get a complimentary Membership of Paytm First, which gets renewed every year on achieving annual retail spends of Rs. 1 lakh. 

* Up to 3% Cashback on all Paytm Mall, Movies and Travel purchases on Paytm App & 1% Cashback on all other speeds

*  Paytm SBI Cardholders are covered up to INR 1,00,000 of financial loss incurred due to fraudulent usage of your Credit Card. This protects the cardholder against the misuse of his/her Credit Card. 

How to get a Paytm SBI Credit Card?

Select Paytm subscribers can apply for these two variants of the cards.

One can apply online through their PayTM App by following the below steps:

• Login to your Paytm Account
• Click on ‘Show More’ & select ‘Loans & Card’ section and apply for the Paytm SBI Credit Card

Check out this card right away by clicking here.

(This article is written by Mohua Gupta, who is a Senior Editorial Consultant)

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