Will I get reward points for adding money to a Paytm wallet from an SBI credit card?
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Hey bro, quick answer: No, you won’t get reward points for adding money to your Paytm wallet with an SBI credit card. Here’s why and what you can do instead:
Why No Reward Points?
When you load money into Paytm, SBI treats it as a wallet load or cash-like transaction, which doesn’t qualify for reward points. It’s the same as taking a cash advance, so banks won’t reward that.
Watch Out for Fees
Not only do you not get points, but you might also get hit with a cash advance fee—usually around 2.5% to 3%. Plus, interest might pile up if you don’t pay it off quickly.
What to Do Instead?
If you want points, use your SBI credit card directly for purchases on Paytm, instead of loading money into the wallet. This way, it’s treated like a regular purchase and you’ll get those points.
Other Tips:
Shop through SBI’s partner merchants to rack up more points.
Focus on eligible spending categories like dining, groceries, or travel.
Consider cashback cards if rewards aren’t cutting it for you.
In short: adding money to Paytm wallet with an SBI credit card = no points, but using your card directly for purchases = points.