SBI Card has launched two credit cards in association with digital payment company Paytm. The special feature of this card is that unlimited cashback of up to 5% will be available.
New Delhi. SBI Card has launched two credit cards in association with digital payment company Paytm. Paytm has launched two types of cards ‘Paytm SBI Card’ and ‘Paytm SBI Card Select’ (Paytm SBI Card SELECT). According to the information given on blog.paytm.com, users will get unlimited cashback of 1% to 5% on payment of this card. There will be no capping on the cashback.
Paytm SBI Card
>> Annual fee of this credit card is 499 rupees.
>> Welcome Benefit – Paytm First Membership facility of Rs 750 will be available after the completion of the first scheduled transaction.
>> 1 percent fuel surcharge waver
>> cyber fraud insurance of Rs 2 lakh
>> Paytm First Membership’s e-voucher,
Spend based cashback to the user after touching one lakh rupees in a year
a. Unlimited Cashback of 3% on Travel, Movie and Mall Shopping through Paytm App
b. Unlimited Cashback of 2% on spread to other categories through Paytm app
c. 1% unlimited cashback on all other transactions
d. Cashback will be available as a gift voucher. The special thing is that cashback will be available within 3 days of completion of the scheduled transaction.
e. There will be no cashback on any wallet load and fuel spread.
Paytm SBI Card SELECT
>> Annual fee of this credit card is Rs 1499. However, after touching Rs 2 lakh in a year, the annual fee will be reversed.
>> Welcome Benefit – Paytm First Membership facility of Rs 750 will be available after the completion of the first scheduled transaction. Also, a cashback of Rs 750 will also be available.
>> 1 percent fuel surcharge waver
>> cyber fraud insurance
Also Read: Shock to Paytm users! Paytm starts charging more than 2 percent from selected user if you add money through a credit card
Based cashback of Rs 2 lakh
a. Unlimited Cashback of 5% on Travel, Movie and Mall Shopping through Paytm App
b. Unlimited Cashback of 2% on spread to other categories through Paytm app
c. 1% unlimited cashback on all other transactions
d. Cashback will be available as a gift voucher. The special thing is that cashback will be available within 3 days of completion of the scheduled transaction.
e. There will be no cashback on any wallet load and fuel spread.
Milestone cashback
>> gift voucher of Rs 2 thousand for spending 4 lakhs in a year
>> gift voucher of 4 thousand rupees for spending 6 lakhs in a year
