State Bank of India (SBI Card) · with PaytmVisaLast checked 12 Oct 2026closed to new applicants
The Paytm SBI Card costs Rs 499 a year. Its base return is 1% (1% on any other spends across offline and online stores). The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 12 Oct 2026.
SBI CardPaytm SBI CardCard design not shown
Annual fee
Rs 499+ GST
Fee waived at
—
Base return
1%
Forex markup
3.5%
Interest
3.75%a month
Fees
Joining fee
Rs 499
Annual fee
Rs 499
Fee notes
No spend-based waiver in the MITC.
Rewards
Welcome benefit
Complimentary Paytm First membership
Reward currency
Reward Points (replaced cashback from 1 Jul 2024)
Base earn
1% on any other spends across offline and online stores
Base return
1%
Point value
1 Reward Point = Re 1
Accelerated earn
3% on Paytm Travel (the page's summary panel says Paytm Mall, Movies and Travel); 2% on all other purchases on the Paytm app
Milestone benefits
E-voucher for Paytm First membership renewal on Rs 1 lakh annual retail spend
Reward notes
base_return_pct = 1% base rate at 1 Reward Point = Re 1 (both stated on the product page). Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). From 1 Apr 2026 statement-credit redemption is capped at 60,000 points a month and allowed only in multiples of 4,000 points (issuer notice). Points on Flexipay/merchant EMI are reversed; wallet loads (MCC 6540/6541) earn nothing; points on spends that got an instant discount/cashback offer are forfeited.
Travel and perks
Forex markup
3.5%
Fuel surcharge waiver
1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle
Other freebies
Cyber fraud insurance cover of Rs 1,00,000
Charges and eligibility
Interest per month
3.75%
Late payment fee
On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026)
Cash advance fee
2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one
Fine-print notes
Issuer product page (rendered text) read 2026-10-12; fees, forex, interest and penalty fields are from the issuer MITC/KFS; fields not listed in unverified_fields are from the product page or other issuer documents. Page states that from 1 Jul 2024 cashback on Paytm SBI Card / SELECT spends was replaced with Reward Points of equivalent value (1 Reward Point = Re 1). The page does not say the card is discontinued; closed-to-new status still rests on Card Insider. Network taken from the page line 'make payments at any outlet that accepts Visa'. Page lists no lounge benefit, caps or exclusions. Card Insider lists the card as discontinued; its page could not be fetched (budget ran out). Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST.
Questions
What is the annual fee of the Paytm SBI Card?
Rs 499 a year, before GST.
What is the forex markup on the Paytm SBI Card?
3.5% of each foreign-currency transaction, before GST.