Paytm Also Launched Credit Cards with SBI Card, Will get Many Benefits With Cashback

Paytm Also Launched Credit Cards with SBI Card, Will get Many Benefits With Cashback:Mobile payment app Paytm has launched two co-branded credit cards Paytm SBI Card (Paytm SBI Card) and Paytm SBI Card Select (Paytm SBI Card Select) in association with SBI Card. Paytm says that these are next generation credit cards. They have been launched on the Visa platform. According to the information given on Paytm’s blog, one touch services have been made available in these cards. This means that the facility to block or unblock online transactions, block it in case of loss of card, apply for a duplicate card or the facility of outstanding credit limit will be available with just one click.

Apply in 1 minute

These cards can be applied in less than a minute. However, it is not available right now. It will be available till Diwali but their application on the Paytm app has started from November 1. On applying first, they will get prominence in getting the card.

Cashback facility

In addition to the Paytm app through these cards, cashback will be available for shopping at millions of online and offline stores. Cashback of 5% will be available on movie booking or travel tickets booking through Paytm SBI Card Select and 3% cashback on Paytm SBI Card. Apart from this, you will get so much cashback on shopping from Paytm Mall. Through SBI card variants, you will get 2% cashback on other expenses on Paytm app and 1% cashback on shopping from elsewhere.

Paytm Also Launched Credit Cards with SBI Card, Will get Many Benefits With Cashback
Paytm Also Launched Credit Cards with SBI Card, Will get Many Benefits With Cashback

Benefits of Paytam SBI Card Select

  • Annual fees – Rs 1499
  • Welcome Benefit – Rs 750 Complimentary Paytm First Membership
      • Rs 750 cashback
  • Annual fee waiver – Annual fees will be waived on annual retail expenses of Rs 1 lakh.
  • Cashback Benefit Structure Based Spend- 5% Cashback on purchases from all Travel, Movies and Malls through Paytm App
      • 2% Cashback on other purchases through Paytm app
      • 1 percent cashback on other payments
  • Oil – Surcharge waived of 1 percent
  • Fraud Insurance – Complimentary cyber fraud insurance of 2 lakhs
  • International Lounge Program – $ 99 Complimentary Priority Pass on Cardholder Membership for the first two years
  • Domestic Lounge Program Complimentary 4 Domestic Lounge visits (only once every quarter)
  • Milestone Benefits – Gift Voucher of Rs. 2 thousand on annual retail expenses of Rs. 4 Lakh
      • Gift Voucher of 4 thousand rupees on annual retail expenses of 6 lakhs

Also read- If you are fond of traveling, then please get travel insurance

Benefits of Paytm SBI Card

  • Annual fees – Rs 499
  • Welcome Benefit – Complimentary Paytm First Membership of Rs 750 after the first transaction
  • Cashback Benefit Structure Based Spend- 3% Cashback on purchases from all Travel, Movies and Malls through Paytm App
      • 2% Cashback on other purchases through Paytm app
      • 1 percent cashback on other payments

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