Paytm has collaborated with SBI Card to launch two new credit cards called as Paytm SBI card Select and Paytm SBI card.
The initiative is to assist digital-first customers who prefer to do their shopping online only and caters to customers from tier-2 and tier-3 cities.
One can apply to the new credit cards via Paytm app. The yearly fees comes at Rs. 1499 for Paytm SBI caard Select. For Paytm SBI card, the annual fees is Rs. 499.
SBI will fix a credit limit once you apply for these cards through the Paytm app, which will be based on your transaction history on Paytm.
Both the cards are physical copies. The annual fee for Paytm SBI Card Select will be removed if you have the spending habit of minimum Rs 2 lakh per year. However, there is no fee waiver for customers of Paytm SBI Card.
By Sahana Iyer
