One of the top digital payment systems, Paytm, has teamed up with SBI to introduce a co-branded credit card. The Paytm SBI Credit Card was created to meet the needs of the millennial generation, who favors online shopping and cashless transactions. The card attracts customers with its wide range of features, which include cashback, savings, and rewards. But the issue still stands: Is the Paytm SBI Credit Card reliable? Let’s investigate. Advantages of the Paytm SBI Credit Card
1. Welcome Benefits – The card offers a cashback and discount voucher welcome reward worth up to Rs. 2,000.
2. Cashback and Rewards – The card provides 1% cashback on every purchase, including those made online and in stores. Users can also receive up to 5% cashback on a few different categories, like restaurants, movies, and groceries. Additionally, the card offers reward points on all purchases that may be exchanged for gift cards and other items of value. The card has a contactless payment capability that enables users to make purchases by merely tapping the card on a payment terminal.
4. Annual cost Waiver – If the cardholder spends more than Rs. 1,000,000 in a calendar year, the annual cost is waived.
For people who like cashless transactions and online shopping, the Paytm SBI Credit Card is an excellent choice. The card is an appealing option for customers since it provides a variety of advantages, such as cashback, incentives, and discounts. The card also has a contactless payment option, which is practical and simple to use.
The card is made for the millennial generation, who prioritize online shopping and have a lot of disposable income, it is vital to keep in mind. This card might not be the best choice for you if you have a limited income or prefer offline purchases.
On a few products, Paytm does indeed provide an EMI option. Users have the option to spread out their payments for goods across several months. The EMI option, however, is subject to terms and conditions and might not be offered on all goods.
Each bank has a different minimum wage requirement for credit card applications. However, to qualify for a credit card, the majority of banks set a minimum monthly salary requirement of Rs. 20,000.
With a salary of Rs. 10,000, it is improbable that you will be approved for a credit card. To qualify for a credit card, the majority of banks have a minimum monthly wage requirement of Rs. 20,000.
Banks request salary stubs, bank statements, income tax returns, and other papers that demonstrate the applicant’s income in order to verify income for credit cards. Before approving the credit card application, the bank could also check the applicant’s work situation and credit rating.