Paytm SBI Card SELECT is a premium co-branded card launched by SBI Card, in partnership with Paytm. It is a good card for frequent Paytm users, who use the platform for a variety of their shopping, travel and bill payment needs. You can earn 2% – 5% cashback on various purchases & payments on the Paytm platform.
Best for those who are frequent users of Paytm platform. You get 2% – 5% on a wide variety of purchases & payments on the popular Paytm platform.
You get milestone related benefits of upto 0.66% – in the form of gift vouchers if you achieve 2 annual spend targets of ₹4 lakhs & ₹6 lakhs.
You also get complimentary domestic airport lounge visits, once per quarter. And complimentary Priority Pass membership worth USD 99, which helps you access international airport lounges by paying USD 27 per visit.
5% unlimited cashback on select Paytm spends – Travel || Paytm Mall || Movies
You earn ₹5 cashback, on every ₹100 you spend in these categories.
Cashback is given in the form of Paytm gift vouchers, into your Paytmwallet. Paytm gift vouchers can be used for any transaction done on Paytm app including recharges & bill payments, online shopping and more.
Important points to note-
– QR-based transactions fall under the 1% cashback category
– Cashback is not applicable for wallet load or fuel spends.
– You earn Paytm gift vouchers on minimum transaction size of ₹100.
– Paytm gift vouchers are valid for 10 years.
– For full details on all terms and conditions, please click here – Paytm SBI Card Select terms and Conditions.
2% cashback on all other Paytm spends
You earn ₹2, on every ₹100 you spend on all other Paytm spends.
Cashback is given in the form of Paytm gift vouchers, into your Paytmwallet.
1% cashback on all other card spends
You earn ₹1 on every ₹100 you spend on all other card purchases. Cashback is given in the form of Paytm gift vouchers, into your Paytmwallet.
Additional benefit of upto 0.50%-0.66% on achieving 2 yearly spend targets (milestone benefits)
– You earn ₹2000 (in gift vouchers) , at ₹4 lakhs yearly card spend – 0.50% benefit
– You earn ₹4000 (in gift vouchers) , at ₹6 lakhs yearly card spend – 0.66% benefit
You can choose between gift vouchers of Hush Puppies/Bata OR Pantaloons.
Complimentary airport lounge program – in India and abroad
Domestic airport lounge program – 1 free visit per quarter
– Free visits to airport lounges in India : You get upto 4 free visits to airport lounges in India, maximum 1 time per calendar quarter.
International airport lounge program
– Free Priority Pass membership worth USD 99 : You get free Priority Pass membership for the first 2 years. Priority Pass membership gets you free international lounge access around the world. While the Priority Pass membership is free, you need to pay for each visit to the lounge (US $32 per visit, please check Priority Pass website for latest charges).
For details on both the airport lounge programs (domestic and international), including terms and conditions, please click here – Paytm SBI Select Airport Lounges Details & T&C
You get 1% fuel surcharge waiver at all fuel stations across India –
– Only on fuel transactions between ₹500 and ₹4000 AND
– Only on fuel purchases upto ₹25,000 per month (since the maximum waiver is capped at ₹250 per monthly card statement cycle)
This covers provides financial protection against unauthorised transactions and fraudulent activities, ensuring peace of mind for cardholder.
The coverage is applicable from 48 hours before reporting the loss and continues for seven days after the loss is reported. Please click here for Terms & Conditions.
Please click here for all the options to contact the bank for various issues and escalations, including-
– Lost and stolen cards : you can block on your mobile app or internet banking OR through SMS option OR by calling customer care
– Complaints and grievances : including steps on how to escalate to higher levels in case your issue is not resolved
– Raise and manage disputes
Annual fee & annual fee offers
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year annual fee | ₹1,499 | Welcome offers : – You get complimentary Paytm First Membership worth ₹75000, when you do your first transaction on the card – You also receive ₹750 as cashback directly in your Paytm Wallet. |
| Renewal fee from 2nd year onwards | ₹1,499 | Renewal fee offers : – Renewal fee is not charged from second year onwards, if you spend ₹2 lakh or more in the previous year. – You get benefits worth ₹75000, with a complimentary Paytm First Membership – if you spend ₹1 lakh or more in the previous year |
Late payment fee : please see below table
| Pending card statement amount | Late fee |
|---|---|
| ₹0 to ₹500 | NIL |
| ₹500 to ₹1000 | ₹400 |
| ₹1,000 to ₹10,000 | ₹750 |
| ₹10,001 to ₹25,000 | ₹950 |
| ₹25000 to ₹50000 | ₹1100 |
| Over ₹50000 | ₹1300 |
Foreign currency markup fee : 3.50% of the transaction value.
Finance charges : 3.50% per month (42% p.a.)
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – Paytm SBI Select Credit Card Fees & Charges
| Minimum age | Salaried individuals – 21 years or above Retired pensioners – 40 years or above Self-employed individuals – 25 years or above |
| Maximum age | 70 years |
| Minimum income | Not specified |
| Occupation | Salaried or self-employed |
| Other Criteria | Regular source of income, good credit score (preferably above 750) , etc. |
Step-by-step guide to applying for the card
| Online application process | The easiest way to apply is to click here – APPLY NOW , you shall be taken to the Paytm website. You will need to log in to your Paytm account to see if you have received an offer for this credit card. |
| Offline (face to face) application process | You can visit any of the nearest branches of the bank and talk to an executive regarding the process. |
| Approval timeline and process | Physical credit card : Once your credit card application is approved, you will receive your physical credit card in approximately 15 working days post submission of all the requisite documents. Virtual credit card : In addition to this, SBI Card team will send an SMS on your registered mobile number with a link to generate your e-card. With this e-card you can view your credit card details digitally, even before your physical card reaches you, and start shopping online instantly. |
| Tracking your application | – You can track the status of your application on ‘Track Application’ section. – You can see this section on the Home page (at the top section of the page titled ‘Track your application’) OR on the Eapply page (at the bottom of the page titled ‘Track Credit Card Application’). Steps : – Enter the application number/ reference number you would have received when applying for the card . Click on the Track button to check the status of your SBI Card application – If you do not remember your application number/ reference number, then you have another option of retrieving your application number – by entering your first name and mobile number, and then pressing the button ‘Retrieve’. |
| Required documents | – PAN Card – Copy of Aadhaar Card (with first eight digits masked) or any valid government address proof – Income documents – Salary Slip, Income tax return etc., may be required depending upon the credit card eligibility & policy. In addition to these, you may be asked to provide additional documents. Please click here for full details. |
In conclusion, Paytm SBI SELECT Credit Card is a good choice for frequent Paytm users, since they get 2-5% cashback on their Paytm spends, in addition to enjoying the great deals and offers on the Paytm platform. Since Paytm SBI SELECT Credit Card is a premium card, you also get lifestyle benefits such as complimentary access to airport lounges.
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