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Saturday, November 27, 2021

Paytm launches credit cards with SBI card, apply in 1 minute; There will be many benefits with cashback

The mobile payment app Paytm has launched two co-branded credit cards Paytm SBI Card and Paytm SBI Card Select (Paytm SBI Card Select) in association with SBI Card. Paytm says that these are next generation credit cards. They have been launched on the Visa platform. According to the information given on Paytm’s blog, one touch services have been made available in these cards. This means that the facility to block or unblock online transactions, block it in case of loss of card, apply for a duplicate card or the facility of outstanding credit limit will be available with just one click.

Apply in 1 minute, delivery till Diwali

These cards can be applied in less than a minute. However, it is not available right now. It will be available till Diwali but their application on the Paytm app has started from November 1. On applying first, they will get prominence in getting the card.

 

Cashback facility

In addition to the Paytm app through these cards, cashback will be available for shopping at millions of online and offline stores. Cashback of 5% will be available on movie booking or travel tickets booking through Paytm SBI Card Select and 3% cashback on Paytm SBI Card. Apart from this, you will get so much cashback on shopping from Paytm Mall. Through SBI card variants, you will get 2% cashback on other expenses on Paytm app and 1% cashback on shopping from elsewhere.

Benefits of Paytam SBI Card Select

  • Annual fees 1499 rupees
  • Welcome Benefit 750th Complimentary Paytm First Membership
        • Rs 750 cashback
  • Annual Fee Waiver Annual fees will be waived for retail expenses of Rs 1 lakh per annum.
  • Cashback Benefit Structure Based Spend- 5% cashback on purchases from all travel, movies and malls through the Paytm app
        • 2% Cashback on other purchases through Paytm app
        • 1 percent cashback on other payments
  • oil- 1 percent surcharge waived
  • Fraud Insurance Complimentary cyber fraud insurance of 2 lakhs
  • International lounge program- $ 99 Complimentary Priority Pass on Cardholder Membership for first two years
  • Domestic lounge program Complimentary 4 domestic lounge visits (only once every quarter)
  • Milestone Benefits- Gift voucher of 2 thousand rupees on annual retail expenses of 4 lakhs
          • Gift Voucher of 4 thousand rupees on annual retail expenses of 6 lakhs

SBI card brings its festive offers to more than 1000 offers in 2 thousand cities

Benefits of Paytm SBI Card

  • Annual fees Rs 499
  • Welcome Benefit Complimentary Paytm First Membership of Rs 750 after the first transaction
  • Cashback Benefit Structure Based Spend- 3% cashback on purchases from all travel, movies and malls through Paytm app
        • 2% Cashback on other purchases through Paytm app
        • 1 percent cashback on other payments
  • oil- 1 percent surcharge waived
  • Fraud Insurance Complimentary cyber fraud insurance of 1 lakh
  • Milestone benefits After spending annual retail of 1 lakh, you will get Complimentary Paytm First Membership e-voucher on renewal of the card.

Apply Payrm SBI card this way

You can apply for both these cards through the Paytm app. Currently, only Paytm users can apply for them. However, only users above 21 years can apply.

  • Log in to your Paytm app.
  • Select Show More and click on the Loans and Credit Card section. Then follow the instructions given.
  • Users can search for ‘Credit Card’ directly in the search box.

Loan Moratorium: Waiting on interest waiver increased, now RBI urges court

Card will be available in 5-7 days after KYC

Photo ID proof copy, address proof copy and passport size photo will be available for KYC. After KYC document verification, in the next 1-2 business days, users will get information about the acceptance or rejection of the application. The card will be received within 5-7 business days of the application being approved.

Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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