SBI Cashback Credit Card
SBI Card
The ultimate zero-hassle online shopping card in India.
95/100✓ MITC verified
Annual Fee₹999 + GST
Reward5% Flat Cashback on online merchant spends
LoungeNo complimentary lounge access
Apply Now →Paytm SBI Card
SBI Card
Cashback that follows your Paytm app spends
66/100✓ MITC verified
Credwiser Score 66/100
Paytm SBI Card
SBI Card • Cashback that follows your Paytm app spends
By Deepak • Co-founder, Credwiser
Figures checked against the issuer's official MITC • Last verified 21 October 2026 • How we score
Some apply links are referral links. They never change our scores or rankings. Read our editorial independence promise.
This entry level co-branded card from SBI Card is sold only inside the Paytm app and rewards you for staying inside it. Travel, movies and mall purchases made through Paytm earn 3% cashback, every other purchase through the Paytm app earns 2%, and spends anywhere else earn 1%. Cashback is credited as a gift voucher balance in your Paytm account within a few days of the transaction settling. The Rs 499 fee comes with a Paytm First membership worth Rs 750 as a welcome benefit, Rs 1 lakh of cyber fraud insurance cover and a 1% fuel surcharge waiver. Spending Rs 1 lakh in a year renews the Paytm First membership, but note that it does not waive the annual fee. Outside the Paytm app this is a plain 1% card.
Annual Fee (+ 18% GST)₹499 (₹589 incl. GST)
Fee WaiverNo spend based fee waiver
Joining PerkComplimentary Paytm First membership worth Rs 750 on the first settled transaction
Primary Reward3% cashback on travel, movies and mall purchases through the Paytm app, 2% cashback on all other purchases through the Paytm app and 1% cashback everywhere else
Airport Lounge AccessNo complimentary lounge access
Forex Markup3.5% + 18% GST
RuPay UPINo
Best ForHeavy Paytm app users who book travel and movies, shop on Paytm Mall and pay bills inside the Paytm app
What We Like
- 3% cashback on Paytm travel, movies and mall purchases
- 2% cashback on all other Paytm app purchases, including routine app payments
- Welcome Paytm First membership worth Rs 750 against a Rs 499 fee
- Cyber fraud insurance cover of Rs 1,00,000 included
Watch Out
- No spend based waiver of the Rs 499 annual fee
- Only 1% cashback on spends outside the Paytm app
- No lounge access or other travel benefits
MITC & Hidden Charges
Cashback is credited as Paytm Gift Voucher balance in the Paytm account, calculated per Rs 100 spent, and is not applicable on wallet loads and fuel spends. The annual fee of Rs 499 applies from year 1 and has no spend based waiver; the Rs 1 lakh milestone only renews the Paytm First membership voucher. The 1% fuel surcharge waiver applies on transactions of Rs 500 to Rs 3,000, up to Rs 100 per statement cycle.
Last verified against MITC: 21 October 2026 • View official MITC →
Paytm SBI Card FAQs
How is cashback paid on the Paytm SBI Card?
Cashback is added as a gift voucher balance in your Paytm account, within 3 working days of the transaction settling. It is calculated per Rs 100 spent.
Is the annual fee waived on spends?
No. The Rs 499 fee is charged every year. Spending Rs 1 lakh in a year gets you a Paytm First membership voucher on renewal, not a fee waiver.
Where can I apply for this card?
Only inside the Paytm app. The card is designed exclusively for Paytm users and is not sold on the SBI Card website apply list.
Alternatives to Consider
HDFC Millennia Credit Card
HDFC Bank
HDFC’s flagship cashback card for young professionals.
86/100✓ MITC verified
Annual Fee₹1,000 + GST
Reward5% Cashback on Amazon, Flipkart, Swiggy, Zomato, Uber, Myntra
LoungeNo standalone lounge access: 1 domestic lounge visit per quarter is offered only as a milestone choice instead of a ₹1,000 gift voucher, on ₹1,00,000 or more spends in that quarter
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