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Paytm SBI Credit Card VS RBL Bank Novio Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 18 July 2026

RBL Bank Novio charges ₹500 + GST and earns 2X points on online spends with UPI compatibility - a simple, general-purpose first card. Paytm SBI Card charges the same ₹499 + GST but bundles a Paytm First Membership worth ₹899 and up to 3% cashback within the Paytm ecosystem. At near-identical fees, Paytm SBI Card's bundled membership value makes it the stronger pick if you already use Paytm regularly; Novio is the more ecosystem-neutral option if you don't.

Paytm SBI Credit Card
Paytm SBI Credit Card
RBL Bank Novio Credit Card
RBL Bank Novio Credit Card

Fees & Charges

Joining Fee₹499 + GST
Joining Fee₹500 + GST
Renewal Fee₹499 + GST
Renewal Fee₹500 + GST
Spend Based WaiverGet a complimentary Paytm First Membership voucher on achieving annual retail spends of Rs. 1 Lakh.
Spend Based Waiver
Foreign Transaction Fees3.5% of the amount transacted.
Foreign Transaction Fees3.5%
Interest Rate (APR)3.50% per month (42% per annum).
Interest Rate (APR)3.99% per month (47.88% annually)

Rewards & Benefits

Welcome BonusComplimentary Paytm First Membership valued at Rs. 899, activated post first retail transaction.
Welcome BonusReceive 2,000 Reward Points when you make purchases of ₹5,000 within 30 days of card issuance.
Rewards RateEarn 3% cashback on Paytm Mall, movies, travel; 2% on other Paytm app spends; 1% on other transactions.
Rewards RateEarn 2 Reward Points per ₹100 for all online spends; 1 Reward Point per ₹100 for offline spends.
Reward TypeCashback
Reward TypeReward Points
Reward Redemption FeeRs. 99 while redeeming specific vouchers, gifts, and cash redemption.
Reward Redemption Fee₹99 + GST

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge Access
International Lounge Access
International Lounge Access
Travel Benefits3% cashback on Paytm travel bookings.
Travel Benefits
Movie Benefits3% cashback on Paytm movies.
Movie Benefits
Dining Benefits
Dining Benefits
Golf Benefits
Golf Benefits
Fuel Surcharge Waiver1% fuel surcharge waiver on transactions between Rs. 500-3,000, max Rs. 100/cycle.
Fuel Surcharge Waiver1% or ₹10, whichever is higher

Security & Other

Insurance BenefitsCyber Fraud Insurance cover of Rs. 1,00,000 for deceitful transactions.
Insurance Benefits
Cash Advance Charges2.5% of amount withdrawn, subject to a minimum of Rs. 500.
Cash Advance Charges2.5% of Cash Amount (minimum ₹500)
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Paytm SBI Credit Card

RBL Bank Novio Credit Card

Who is it for?

The Paytm SBI Credit Card, now discontinued, was an entry-level co-branded card ideal for frequent Paytm users and new credit cardholders. It offered a robust cashback program, including up to 3% on Paytm Mall, movies, and travel, alongside a complimentary Paytm First Membership. Cardholders also benefited from a Cyber Fraud Insurance cover and a nominal annual fee. This card was well-suited for individuals looking to maximize savings on Paytm-related transactions and build their credit history.

Who is it for?

The RBL Bank Novio Credit Card is an affordable and budget-friendly option, particularly suitable for first-time credit card users. Operating on the RuPay Select network, it offers enhanced rewards for online transactions and provides convenient UPI payment support. It comes with a generous welcome bonus and valuable milestone rewards, making it an excellent choice for earning rewards on regular domestic transactions.

Pros

Key benefits and features.

Offers up to 3% cashback on Paytm Mall, movies, and travel, maximizing savings.

Includes a complimentary Paytm First Membership valued at Rs. 899 with benefits.

Provides Cyber Fraud Insurance cover of Rs. 1,00,000 for enhanced transaction security.

Ideal for new credit card users and frequent Paytm app transactors to build credit.

Pros

Key benefits and features.

The RBL Bank Novio Credit Card offers 2x rewards on all online spending.

Cardholders can earn valuable annual milestone benefits for bonus points.

It is a budget-friendly credit card option with a low annual fee.

The RBL Bank Novio Credit Card supports UPI payments for added convenience.

Cons

Key drawbacks and limitations.

This credit card has been officially discontinued, limiting new applications.

Cashback is not applicable on e-wallet loading transactions, a common Paytm use.

High foreign currency markup of 3.5% makes international spends less rewarding.

Rewards structure will change to points from July 2024, altering current benefits.

Cons

Key drawbacks and limitations.

The RBL Bank Novio Credit Card lacks additional lifestyle perks or discounts.

Limited international acceptance compared to major networks like Visa or MasterCard.

A rewards redemption fee of ₹99 + GST is applicable, reducing the net value of points.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
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