Paytm SBI Card

Charge

• Finance Charges: up to 3.75% per month (45% p.a.) from transaction date.
• Minimum finance charge ₹25.
• Cash Advance Fee: 2.5% or ₹500 whichever higher, at domestic and international ATMs.
• Cash Payment Fee (at SBI branches): ₹250 + taxes.
• Late Payment Charges: Nil up to ₹100.
• ₹100 (>₹100-₹500).
• ₹500 (>₹500-₹1,000).
• ₹750 (>₹1,000-₹10,000).
• ₹950 (>₹10,000-₹25,000).
• ₹1,100 (>₹25,000-₹50,000).
• ₹1,300 (>₹50,000).
• Plus additional ₹100 on missing MAD for two consecutive cycles.
• Over Limit Fee: 2.5% of overlimit amount or ₹600 whichever higher.
• Payment Dishonour Fee: 2% of payment amount, minimum ₹500.
• Card Replacement Fee: ₹100-₹250.
• Cheque Payment Fee: ₹200.
• Dynamic Currency Conversion Fee: 3.5%.
• Rewards Redemption Fee: ₹99.
• Processing Fee on Rent Payment Transactions (MCC 6513): ₹199.
• Utility Payments Fee: w.e.f. 1st Dec 2024, 1% of total utility payments if total exceeds ₹50,000 in a billing cycle.
• Fee on Education Payments via third-party apps: w.e.f. 1st Nov 2025, 1% of transaction amount.
• Fee on Wallet Load: w.e.f. 1st Nov 2025, 1% of transaction amount on every wallet load exceeding ₹1,000.

Verified · Most Important Terms & Conditions (MITC) – Common to all SBI Cards · 2026-08-05 · source

Interest-free period

• Interest free credit period could range from 20 to 50 days, subject to submission of claims by the merchant.
• Applicable only on retail purchases and if previous month's outstanding balance is paid in full.
• Suspended if any balance of previous month's bill is outstanding.

Verified · Most Important Terms & Conditions (MITC) – Common to all SBI Cards · 2026-08-05 · source

Fuel surcharge waiver

• 1% Fuel Surcharge waiver for each transaction between ₹500 and ₹3,000.
• Maximum surcharge waiver of ₹100 per statement cycle, per credit card account.
• Applicable for MCCs 5172, 5541, 5983.

Verified · Paytm SBI Card – Terms & Conditions Booklet · 2026-08-05 · source

Milestone benefit

Paytm SBI Cardholders are eligible for a complimentary Super Saver (Paytm First) Membership on renewal on achieving annual milestone retail spends of ₹1 Lakh.

Verified · Paytm SBI Card – Terms & Conditions Booklet · 2026-08-05 · source

Reward cap

Valueback (Reward Points) earned only on minimum transaction size of ₹100 each.

Verified · Paytm SBI Card – Terms & Conditions Booklet · 2026-08-05 · source

Reward exclusion

Verified · Paytm SBI Card – Terms & Conditions Booklet · 2026-08-05 · source

Insurance

• Cyber Fraud Insurance: Paytm SBI Card Cardholders are covered up to ₹1,00,000 of financial loss incurred due to fraudulent usage of the Credit Card.
• Insured by Oriental Insurance Company Ltd.
• Only chip & pin based cards covered.
• Claims to be reported within 45 days from fraud transaction date.

Verified · Paytm SBI Card – Terms & Conditions Booklet · 2026-08-05 · source

Eligibility

• Salaried segment age 21-65 years.
• Self-employed age 25-70 years.
• Credit Cards issued at sole discretion of SBI Card subject to credit evaluation and KYC guidelines.
• Add-on cards may be issued to spouse, parents, siblings and children over 18 years of age.

Verified · harvested from product page · 2026-08-05 · source

Official terms

https://www.sbicard.com/en/personal/credit-cards/paytm-sbi-card.html.

Verified · Paytm SBI Card product page · 2026-08-05 · source