Paytm SBI SELECT Credit Card
SBI Bank
Last updated: Feb 03, 2026
₹1,499
₹1,499
1.99%
4 visits/yr
Contents
Paytm SBI SELECT is a cashback-focused card built for heavy Paytm users and frequent entertainment/travel shoppers. It delivers high Paytm-linked rewards, fuel surcharge waiver and periodic lounge access. The card is designed to be simple to use via the Paytm app with auto-redemption into the Paytm Wallet.
Features of Paytm SBI SELECT Credit Card which makes it unique
Paytm First Membership
Complimentary 1-year membership on activation
Free delivery and app benefits
Exclusive Paytm tie-up
Rewards Structure of Paytm SBI SELECT Credit Card
Paytm App Travel & Movies & Mall
acceleratedTravel bookings, movie tickets and Paytm Mall purchases via Paytm App
Highest earn rate for Paytm travel, movies & mall spends.
Other Paytm App Purchases
acceleratedOther spends through Paytm App (not travel/movies/mall)
Covers utility, recharges, other app spends.
All Other Retail Purchases
baseAny other spend (offline/online) not via Paytm App special categories
Standard earn rate for non-Paytm ecosystem spends.
Milestones of Paytm SBI SELECT Credit Card
Annual Spend Waiver
₹2,00,000 : Annual fee reversal
Fees & Charges of Paytm SBI SELECT Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹1,499 |
| Annual Fee | ₹1,499 |
| Forex Markup Fee | 1.99% |
| Cash Advance Fee | 0 |
| Late Payment Fee | ₹1,100 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 0% |
Renewal Conditions:Annual fee reversed on ₹2,00,000 annual retail spend
Fee Explanation Standard bank rates and SBI Card terms apply for interest, overdue amounts and other charges.
Detailed Explanation of Paytm SBI SELECT Credit Card Fees
Annual Fee: 1499 (yearly)
Reversed on ₹2,00,000 annual retail spend
Fuel Surcharge Waiver: 1% upto ₹250/cycle (statement_cycle)
On transactions ₹500–₹4,000
Cash Advance Fee: 2.5% or ₹500 (transaction)
Higher of the two applies
Lounge Access Benefits with Paytm SBI SELECT Credit Card
domestic Lounges
silverVisits per year: 4
Guest access: No
One visit per quarter; subject to Visa/SBI lounge terms
Insurance Coverage with Paytm SBI SELECT Credit Card
cyber fraud insurance
As per policyComplimentary cyber-fraud cover; terms apply
Additional Features of Paytm SBI SELECT Credit Card
Auto Redemption
Reward points can be auto-redeemed to Paytm Wallet as vouchers
Spend Analyzer
Manage card and track spends via Paytm app
Welcome Bonus with Paytm SBI SELECT Credit Card
Welcome Bonus: ₹750 cashback
Bonus Conditions: Complimentary 1-year Paytm First membership on activation; ₹750 cashback credited after first settled retail transaction; T&Cs apply.
Application Process for Paytm SBI SELECT Credit Card
Processing Time
5-7 business days (typical)
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply via Paytm app or SBI Card portal
Complete KYC and upload documents
Receive verification and approval
Card dispatched within typical 5–7 business days
Required Documents for Paytm SBI SELECT Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Paytm SBI SELECT Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India
International Acceptance
Accepted globally where Visa is accepted
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Paytm SBI SELECT Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
700+
Citizenship
Indian resident
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹35,000
Minimum annual income
Who Can Apply
Important Conditions
- Valid PAN and Aadhaar required for KYC and eligibility.
How Approval Is Decided
- Minimum income criteria as per issuer
- Indian resident with valid KYC
- Satisfactory credit profile
Pros of Paytm SBI SELECT Credit Card
- Attractive Paytm-linked cashback
- Complimentary Paytm First membership
- Fuel surcharge waiver and domestic lounge access
Cons of Paytm SBI SELECT Credit Card
- Annual fee unless high annual spend
- Accelerated benefits mainly limited to Paytm ecosystem
Frequently Asked Questions about Paytm SBI SELECT Credit Card
What is the welcome benefit?
₹750 cashback on activation plus complimentary 1-year Paytm First membership on activation (T&Cs apply).
How do I get the annual fee reversed?
Spend ₹2,00,000 in a membership year to get the annual fee reversed.
What cashback rates does the card offer?
Up to 5% on Paytm Mall, movies and travel via Paytm App; 2% on other Paytm App spends; 1% elsewhere.
Is there a fuel surcharge waiver?
Yes — 1% waiver on fuel transactions between ₹500 and ₹4,000; max ₹250 per statement cycle.
How are reward points redeemed?
Reward points are auto-redeemed into the Paytm Wallet as voucher balance per SBI Card/Paytm redemption rules.
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