SBI Paytm Credit Card : Updated Details & Quick Guide

As a lifestyle YouTuber, Manu dedicates himself to travelling modern trends and sharing his stories to build meaningful connections with his audience. He continuously travels while taking pictures of various fashion, technology, and entertainment trends. Manu's spending approach allows him to save money while he lives a premium lifestyle.

In a recent episode of the Lifestyle Creators Podcast, Manu discussed how his spending habits transformed after he got the SBI Paytm Credit Card.

Manu said, “The special benefits combined with cashback from this card have allowed me to enhance my lifestyle while saving money each month. Premium services and technology upgrades are accessible through this card because the benefits eliminate my spending concerns.”

Manu defines how the SBI Bank Paytm Credit Card is beneficial for him:

• I spent ₹15,000 on groceries, online shopping, gadgets, and Paytm transactions. I earned nearly 5% cashback on Paytm and 1% on other spends annually, so I save ₹750 monthly and almost ₹9,000 annually.
  
  
• I spend ₹8,000 monthly on dining and online food with the SBI Paytm credit card, which gives me 10% cash back on some selective restaurants and food delivery apps. The Paytm credit card helps me to save ₹800 monthly and annually ₹9,600.
  
  
• I watched movies in the cinema hall and on the OTT platform every month, and I saved ₹300 monthly and ₹3,600 annually.
  
  
• Regarding my fuel surcharge waiver, the SBI Paytm Credit Card helps me save ₹100 monthly and ₹1,200 annually.
  
  
• I also enjoy complimentary airport lounge access twice a year, which helps to save ₹2,000 annually.

Manu's Total Savings are almost ₹24,400+ per year!

What is an SBI Paytm Credit Card?

The SBI Paytm Credit Card is a branded product of the State Bank of India (SBI) along with Paytm that delivers maximum cashback benefits and rewards during regular purchases. Users of this card can earn 5% of their transaction value for Paytm wallet recharges and bill payments. For other transactions, customers get 1% cashback.

Read More – Paytm HDFC Credit Card

Standard payment benefits of the credit card include a 10% cashback for dining purchases, along with 20% cashback for movie tickets and OTT entertainment, and a 1% fuel surcharge waiver. Additional privileges from the credit card access airport lounges are free of charge, while it exempts transaction fees outside your home country. 

Online buyers who love food and are interested in travelling can benefit from this card, which offers superior convenience, cost savings, and luxurious benefits.

Key Features and Benefits of SBI Paytm Credit Card

1. High Cashback

Through SBI Paytm Credit Card, users obtain two kinds of cashback support: 5% cashback for Paytm wallet transactions and bill payments, but limited to ₹500 per month, and 1% cashback on all other payments with no spending restrictions to meet financial targets.

How It Works

• 5% cashback: Applicable on Paytm wallet recharges, bill payments (mobile, DTH, electricity, etc.), and Paytm transactions. The maximum cashback is ₹500 per month.
  
  
• 1% cashback: Applicable on all other spends (online and offline) with no upper limit.

Example: Manu uses a credit card from an SBI bank that offers high cashback on Paytm wallet recharge, offline spending, and online shopping. Here is how it works for Manu:

Manu’s Annual Savings

If Manu spends ₹30,000 every month on eligible categories:

• Monthly Cashback: ₹700
• Annual Cashback: ₹700 x 12 = ₹8,400

Key Points

• 5% Cashback Cap: You can earn a maximum of ₹500 per month on Paytm transactions, even if your spends exceed ₹10,000.
• 1% Cashback: No cap on cashback for non-Paytm spends.
• Easy Redemption: Cashback is credited directly to your Paytm wallet or card statement.
• Wide Applicability: Paytm transactions include recharges, bill payments, and purchases on the Paytm app.
  
  

2. Dining Benefits

Customers with the SBI Paytm Credit Card can receive rewards of 10% cashback while dining at designated restaurants and locations for food delivery purchases. This specific feature benefits regular eaters who use online food delivery services.

How It Works

• 10% Cashback: Applicable on dining spends at partner restaurants and food delivery platforms (e.g., Swiggy, Zomato, and select dine-in restaurants).
  
  
• Maximum Cashback: ₹500 per month.
  
  
• Eligibility: Cashback is credited only for transactions at partner outlets or platforms.
  
  

Example: Manu uses a Paytm credit card from an SBI bank that offers dining benefits. Here is how it works for Manu

Manu’s Annual Savings on Dining

If Manu spends ₹14,000 every month on eligible categories:

• Monthly Cashback: ₹1,400
• Annual Cashback: ₹1,400 x 12 = ₹16,800

Key Points

• Earn 10% cashback on dining spends at partner restaurants and food delivery platforms.
• Maximum cashback of ₹500 per month.
• Popular food delivery apps like Swiggy, Zomato, and select dine-in restaurants are included.
• Cashback is credited directly to your Paytm wallet or card statement.

3. Entertainment Savings

The SBI Paytm Credit Card provides movie ticket and OTT platform subscriptions with 20% cashback benefits, which makes it perfect for entertainment enthusiasts. This explanation includes a table of calculations and essential points with an example of how lifestyle YouTuber Manu utilises this benefit.

How It Works

• 20% Cashback: Applicable on movie tickets booked through Paytm and OTT platform subscriptions (e.g., Netflix, Amazon Prime, Disney+ Hotstar).
  
  
• Maximum Cashback: ₹500 per month.
  
  
• Eligibility: Cashback is credited only for transactions made through Paytm or partner platforms.

Example: Manu uses a Paytm credit card from an SBI bank that offers entertainment discounts. Here is how it works for Manu.

Manu’s Annual Savings on Entertainment

If Manu spends ₹2,500 every month on eligible categories

• Monthly Cashback: ₹500
• Annual Cashback: ₹500 x 12 = ₹6,000

Key Points

• Earn 20% cashback on movie tickets and OTT subscriptions booked through Paytm.
• Maximum cashback of ₹500 per month.
• Includes movie tickets booked via Paytm and OTT subscriptions like Netflix, Amazon Prime, and Disney+ Hotstar.
• Cashback is credited directly to your Paytm wallet or card statement.

4. Surcharge Waiver

The SBI Paytm Credit Card gives its users an advantage in fuel costs because they receive a 1% discount on their fuel station purchases at every gas station nationwide. This explanation includes a table, calculations, and essential points while demonstrating how lifestyle YouTuber Manu derives value from this feature.

How It Works

• 1% Fuel Surcharge Waiver: Applicable on fuel purchases of ₹500 or more at any fuel station.
• No Cap: The unlimited waiver means you can save on every eligible fuel transaction.
• Eligibility: The waiver is automatically applied to your card statement.

Example: Manu uses a credit card from an SBI Bank that offers a fuel surcharge waiver. Here is how it works for Manu:

Manu’s Annual Savings on Fuel:

If Manu spends ₹10,000 every month on eligible categories:

• Monthly Surcharge Waived: ₹100
• Annual Surcharge Waived: ₹100 x 12 = ₹1,200

Key Points

• Save 1% on fuel surcharges for every transaction of ₹500 or more.
• Unlimited savings on fuel surcharges.
• Applicable at all fuel stations across India.
• The surcharge is automatically reversed in your card statement.

5. Travel Perks

How It Works

• Complimentary Airport Lounge Access:
  
  • Cardholders get 2 complimentary visits per quarter to domestic and international airport lounges.
  • Access is provided through the DreamFolks lounge program.
    
    

• Zero Foreign Transaction Markup Fees:
  • No additional charges (typically 2 to 3.5%) on international transactions.
  • Applicable on all spends made in foreign currency.

Example: Manu uses a Paytm credit card from an SBI bank that offers Travel Perks. Here is how it works for Manu:

₹16,000

Zero Foreign Transaction Markup

₹50,000 annual spend

2% markup waived

₹1,000

Total

₹25,000