Paytm has done phenomenal work in making the Paytm SBI credit card. It is a very successful and innovative idea to increase credit card uses in our country. Our country lags behind others by a considerable margin, and still many in our nation believe that credit card is only for the riches. Paytm has proved this wrong and has provided a straightforward and hassle-free way for everyone to have a credit card. SBI is the biggest bank in our nation, and everyone trusts the bank. Paytm has got the support of SBI, and they together have created this card. In this article, we have given details about Paytm SBI Credit card and card selection.
Paytm SBI credit card and card select
Paytm has launched two types of credit cards—one for everyone and another for selected members of Paytm and SBI. Paytm SBI credit card costs around 499 rupees, and the Paytm SBI select card costs around 1299 rupees. The select one has some unique features which make it available for only the select members. Both the card has there own benefit, and they both compliment the lives of everyone. They both provide fantastic cashback and offers. They also provide safety against cyber fraud, which is a concerning thing nowadays.
Features | A lot of cashback and offers insurance from cyber fraud. You can manage your card directly from the Paytm application. |
Eligibility criteria | Age must be 21, at least either self-employed or salaried Paytm SBI card select; you have to be the select member first. |
Application process (Online/Offline) | Open the Paytm application after downloading it from the app store, find apply for the credit card option, follow the instructions and fill the form carefully. |
Documents Required | Income proof and address proof – Id proof Pan card. |
You can also access all the features of card directly from the Paytm application. You can also see the cash uses and remaining balance. The application also helps in blocking the card if it is stolen. So as a whole, we can say that the Paytm SBI credit card is a remarkable thing, and we can give it a try.
Eligibility Criteria
There are specific eligibility criteria that must be followed at any cost. If you want to have a Paytm SBI credit card, you must be aware of this eligibility criteria such as:
- Age of the applicant must be 21 or above
- You have to be a citizen of India
- You must be either self employed or salaried employee
- There is no income barrier, so you can apply for a card without worrying about your less income
- For select card, you have to be the select member of Paytm
Application process (Online/Offline)
The application process of Paytm SBI credit card is online as well as offline. You can either visit the bank, and you can directly open your account from the Paytm application. The application process is straightforward and hassle-free. Within a few hours, your card will be sanctioned, and you can expect the delivery within a few days.
This entire process of applying for the card makes this whole scheme even more successful. You can avail of great discounts and special offers and also cashback. This credit card from Paytm and SBI provides a significant amount of flexibility in the daily life of everyone. Even for old age people, this card is one of the best. You can do all kinds of stuff directly from your phone, and you don’t need the card to make payments either. Perhaps this card had completely changed the way for credit cards.
Now we will see the application process of Paytm SBI credit card and Paytm SBI card select:
Step I – first of all, you need to download the Paytm application or visit the bank.
Step II – after reaching the bank, the bank officials will provide you with all the necessary details regarding the form filling and documents. In the case of the Paytm application, you have to follow the steps.
Step III – once you fill in all the details about yourself, you will be asked to provide some I’d proof.
Step IV – you need to submit the copy of your Aadhaar card or any other I’d proof, and in an online process, you need to submit the Aadhaar number or any other I’d proofs number.
Step V – now, you have to provide some more documents related to your income, address, and others.
Step VI – for Paytm SBI credit card, you have to pay 499 rupees, and for Paytm SBI card selection, you have to pay 1299 rupees. This amount will also be the per annum charge of your card.
Documents Required for the Credit Card
The documents which you must have to have with you while applying for Paytm SBI credit card and Paytm SBI card selection are:
- I’d proof
- Pan card
- Address proof
- Income proof
- For self employed, details related to your business and for salaried employee, salary slip
- Passport size photograph or scanned image of your photo.
Frequently asked questions
What is the difference between Paytm SBI credit card and Paytm SBI card select?
There are few differences between the two. The annual charges of both the cards is different. You have to pay 499 on a Paytm SBI credit card, whereas you must pay 1499 in the Paytm SBI card selection. There are some differences in the features and benefits.
Do we need to visit the SBI bank or apply for the card from home?
You don’t need to go anywhere. All the processes can be quickly done directly from the Paytm application. It also provides all the features related to your card.
What is the credit limit of Paytm SBI credit card?
The credit limit that the bank has established always ranges between Rs. 10,000 and Rs. 10 lakh.
Can I transfer money from an SBI credit card to Paytm?
No, You cannot pay SBI Credit Card Bill using your Paytm Wallet. Although you can use the Paytm UPI interface to pay SBI Credit Card bills from a bank account.
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Categories: Cards
Source: bank.newstars.edu.vn
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