New Delhi: The 2nd largest credit card issuer in India, SBI Card has announced India's first credit card 'Paycash' payment option for its customers. This payment options can be utilized through the Easy Bill payment outlets in India.

SBI Card is a joint venture between SBI and GE Money. By using 'Paycash' the cardholders can make direct payments at 3500 available Easy Bill merchant outlets throughout India for their outstanding charges.

Mr. Roopam Asthana CEO SBI Cards said," “At SBI Card, it is our constant endeavor to provide greater value proposition to our customers each time. This initiative of making payments easier is yet another step in enhancing customer satisfaction, which is the top priority at SBI Card.” Paycash is the first such service issued by any credit card provider, which provides a cash payment option.

SBI Cards offers various features and benefits like Shop & Smile Rewards Program, low interest balance transfer, 0% transaction fee on fuel, flexipay at a flat low rate of 12% etc. to its credit card holders. From time to time SBI card announces exclusive offers, which bring in host of savings and add value to the cardholders life. A tie-up between the largest public sector bank in India SBI, and the world's largest issuer of private label credit cards GE Capital, SBI card offers a large number of regular, gold, platinum and co-branded credit cards with SMS alerts and E-statement facility for its customers.