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Last updated: 01-06-2026
Paytm SBI Card SELECT
SBI Card

Paytm SBI Card SELECT

"Premium Paytm co-brand โ€” 5% cashback on Paytm movies, travel and mall, domestic lounge access, Priority Pass membership and higher milestone vouchers"

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Quick Summary
๐Ÿ’ณ Joining Fee
โ‚น1,499 + GST
๐Ÿ”„ Renewal Fee
โ‚น1,499 + GST
Waived: No formal annual fee waiver; Paytm First Membership renewed on โ‚น1 lakh annual spend; milestone vouchers offset fee at high spend levels
๐ŸŽฏ Best Suited For
Heavy Paytm users who book movies, travel and shop via Paytm frequently and want lounge access and higher cashback than the base Paytm SBI Card
๐ŸŽ Reward Type
Reward Points (1 RP = โ‚น1; redeemable as Paytm Gift Voucher balance)
๐ŸŽ‰ Welcome Benefit
Complimentary Paytm First Membership + reward points worth โ‚น750 on card activation
๐Ÿ’ฐ Reward Rate
5% cashback on movie tickets, travel bookings and Paytm Mall purchases via Paytm app; 2% cashback on all other Paytm app spends; 1% cashback on all other online and offline spends; excludes wallet loads, fuel, rent, government; QR payments earn 1%
โœˆ๏ธ Lounge Access
4 complimentary domestic airport lounge visits per year (1 per quarter); complimentary Priority Pass membership for first 2 years of cardholder membership โ€” however international lounge visits are chargeable
๐Ÿ’ฑ Forex Markup
3.5% on international transactions
๐Ÿ’ต Cashback Rate
5% Paytm movies/travel/mall; 2% other Paytm; 1% all others
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โœ… Pros
  • 5% cashback on Paytm movies, travel and mall
  • 4 domestic lounge visits per year
  • Priority Pass membership for 2 years
  • Cyber fraud insurance โ‚น2 lakh
  • โ‚น750 welcome reward points
  • Paytm First Membership renewal on โ‚น1L spend
  • 1 RP = โ‚น1 redemption
โŒ Cons
  • No formal annual fee waiver โ€” โ‚น1,499 fixed
  • Priority Pass visits are chargeable โ€” not free international lounge
  • High forex markup 3.5%
  • 2% on non-movie/travel Paytm spends is average
  • 1% on non-Paytm spends is low
  • Limited value outside Paytm ecosystem

๐ŸŽ Rewards & Benefits

Reward Type
Reward Points (1 RP = โ‚น1; redeemable as Paytm Gift Voucher balance)
Welcome Benefits
Complimentary Paytm First Membership + reward points worth โ‚น750 on card activation
Reward Rate
5% cashback on movie tickets, travel bookings and Paytm Mall purchases via Paytm app; 2% cashback on all other Paytm app spends; 1% cashback on all other online and offline spends; excludes wallet loads, fuel, rent, government; QR payments earn 1%
Reward Redemption
Cashback auto-converted to Paytm Gift Voucher balance; reward points redeemable at 1 RP = โ‚น1
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions โ‚น500 to โ‚น4,000; maximum โ‚น250 per statement cycle
Lounge Access
4 complimentary domestic airport lounge visits per year (1 per quarter); complimentary Priority Pass membership for first 2 years of cardholder membership โ€” however international lounge visits are chargeable
Spend Based Fee Waiver
No fee waiver; milestone benefits and membership renewal offset fee at high spend levels
Milestone Benefits
2,000 reward points on โ‚น4 lakh annual spend; 4,000 reward points on โ‚น6 lakh annual spend; Paytm First Membership renewal on โ‚น1L annual spend
Other Benefits
4 domestic lounge visits per year; Priority Pass membership (first 2 years); cyber fraud insurance โ‚น2 lakh; add-on cards; balance transfer; Flexipay EMI; Easy Bill Pay; internationally accepted via Visa; manage via Paytm and SBI Card apps

โœจ Special Perks & Exclusive Offers

Memberships
Paytm First Membership; Priority Pass (first 2 years โ€” visits chargeable)
Insurance Cover
Cyber fraud insurance โ‚น2 lakh; zero liability on unauthorized transactions
Add-on Cards
Add-on cards for family
Concierge Services
Details coming soon
Special Offers
5% on Paytm movies, travel, mall; 4 domestic lounge visits; Priority Pass membership; cyber fraud insurance โ‚น2L

๐Ÿ’ณ Fees & Interest Rates

Joining Fee
โ‚น1,499 + GST
Annual Fee / Renewal Fee
โ‚น1,499 + GST
โœ“ Waived on: No formal annual fee waiver; Paytm First Membership renewed on โ‚น1 lakh annual spend; milestone vouchers offset fee at high spend levels
Interest Rate (APR)
๐Ÿ’ก Pay your balance in full each month and this never applies to you.
3.5% per month (42% per annum)
ATM Cash Withdrawal / Cash Advance
2.5% of withdrawn amount, minimum โ‚น500
Late Payment Charges
โ‚น100 to โ‚น1,300 based on outstanding
Over Limit Charges
2.5% of overlimit amount, minimum โ‚น500
Cheque Bounce / Auto-Debit Return
Details coming soon
Foreign Currency Markup
3.5% on international transactions
Other Charges
No fee waiver โ€” โ‚น1,499 fixed; Priority Pass membership complimentary but lounge visits chargeable; high forex markup 3.5%; cashback replaced by reward points from July 2024

๐Ÿ“‹ Eligibility & Credit Limit

Eligibility Criteria
Age 21 to 70 years; salaried or self-employed; minimum monthly income โ‚น30,000; Indian resident
Credit Score Requirement
700+ CIBIL recommended
Credit Limit
Based on income and SBI Card assessment

๐Ÿ“… EMI, Balance Transfer & Debt Management

EMI Conversion
Flexipay on transactions above โ‚น2,500
Balance Transfer Facility
Available from other bank credit cards
Balance Transfer Interest Rate
As per SBI Card prevailing rates
Balance Transfer Charges
Details coming soon

๐Ÿ”’ Security & Fraud Protection

Card Block Feature
Instant block via SBI Card app
Instant Fraud Alerts
SMS and email alerts
Purchase Protection
Cyber fraud insurance โ‚น2 lakh
Virtual Card Numbers
Details coming soon
Zero Liability Protection
Zero liability on unauthorized transactions

๐Ÿ“ž Customer Service & Digital Experience

Phone Support
1860 180 1290 (24x7)
Chat / Email Support
Chat via SBI Card app; email: customercare@sbicard.com
Mobile App
Paytm app and SBI Card app
Online Banking
SBI Card website

Last updated: 01-06-2026

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Printed: 23 Oct 2026, 09:33 PM
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