Paytm SBI Card
SBI Card · Checked 2026-10-09
Paytm SBI Card is a paid card focused on online spending, shopping rewards and travel benefits, charging ₹499 annually before GST.
CardIQ editorial view
Our take
Paytm SBI Card is a paid card focused on online spending, shopping rewards and travel benefits, charging ₹499 annually before GST.
Who it suits
- People who prioritise online spending.
- People who prioritise shopping rewards.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 3% value back in points on eligible Paytm travel purchases; 1% on other eligible purchases.
- Value back is credited as reward points from 1 July 2024, not automatic cashback.
Trade-offs to understand
- 1 point = ₹1 for eligible vouchers or cash redemption; issuer caps and excluded transactions apply.
- The ₹499 annual fee plus GST needs to be justified by benefits you will actually use.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 3% value back in points on eligible paytm travel purchases; 1% on other eligible purchases valuable enough to clear the fee. Factor in this condition: 1 point = ₹1 for eligible vouchers or cash redemption; issuer caps and excluded transactions apply.
Compare before deciding
- CRED IndusInd Bank RuPay — A similarly priced alternative for comparing shopping rewards and reward points.
- AU XCITE ULTRA — A higher-fee option to compare for broader benefits around shopping rewards and reward points.
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Benefits, limits and conditions
- Value back is credited as reward points from 1 July 2024, not automatic cashback.
- 1 point = ₹1 for eligible vouchers or cash redemption; issuer caps and excluded transactions apply.