Paytm has announced its partnership with India's biggest credit card player i.e. SBI Cards to provide the credit cards through its Paytm app. The card will be available in two variants, Paytm SBI Card and Paytm SBI Card SELECT, these have been launched on the Visa platform. Paytm SBI Card variants completely reimagine the credit card experience by enabling smart app features and providing superior rewards & benefits for its users. What are the features available on these cards? 1. Instant one-touch services such as blocking/ unblocking the card for online transactions. 2. Blocking the card in case of loss. 3. Issuance of a duplicate card. 4. Viewing outstanding credit-limit. 5. Users can register for the card from the app in less than 1 minute. Offers available on paying through cards. 1. Cardholders will receive a cashback of 5% and 3% on Paytm SBI Card SELECT and Paytm SBI Card respectively, upon booking movie tickets and travel tickets on the Paytm app as well as on purchasing items from Paytm Mall. 2. For other spending on the Paytm app using the Paytm SBI Card variants, cardholders will receive 2% cashback while 1% cashback is offered on spends elsewhere. Charges for these Cards? 1. For Paytm SBI Card Select one has to pay an annual fee of 1499. On that, you will get the benefits such as Complimentary Paytm First Membership worth INR 750, Annual Fee reversal on achieving ₹200,000 Annual Retail spend, Spends based Cashback Benefit Structure, 1% Fuel Surcharge Waiver, Complimentary Cyber Fraud Insurance cover of INR200,000, Complimentary Priority Pass worth US $99 for first two years of cardholder membership, Complimentary 4 Domestic Lounge visits, etc. 2. For a Paytm SBI card one has to pay an annual fee of 499. On that, you will get benefits such as Complimentary Paytm First Membership worth ₹750 on the first settled transaction, Spends based Cashback Benefit Structure, 1% Fuel Surcharge waiver, Complimentary Cyber Fraud Insurance cover of INR 1,00,000, and Complimentary Paytm First Membership E-Voucher on renewal on achieving Annual Retail spend of INR 1,00,000. Frequently Asked Questions? 1. How can I apply for a Paytm SBI credit card? The customers can apply for the Paytm SBI Card and Paytm SBI Card SELECT online through their Paytm app. Both the cards can be availed at the annual fee of INR 499 and INR 1499 respectively. Customers will also have an option to choose from two-color variants on the Paytm App. Due to high demand, they are currently offering these credit cards to select Paytm users only. To apply - Log in to your Paytm app - Select Show More and tap on the Loans and Credit Card section - Users can also search ‘Credit Card’ in the Paytm Search bar. 2. What KYC documents are required to apply for a Paytm SBI Credit Card? Once the application has been submitted, the users can book the KYC verification appointment on the app itself as per their convenience and require the following documents for submission: 1. Photo ID proof copy 2. Address proof copy (Either current address or permanent address) 3. Passport size photograph (Please note that in case of any discrepancy, additional documents might be required.) 3. When can I get the card? Post the KYC document verification, the users will be notified about their card approval/ rejection status in the next 1–2 business days. Once approved, they will receive the card in the next 5–7 business days. 4. What is the minimum age to apply for the card? 21 years 5. Is there is a minimum income requirement to apply for the card? There is no minimum income requirement. Both salaried & self-employed users can apply for these cards. However, due to high traffic, the applications have been restricted to a limited audience.