Paytm SBI Card SELECT
The Paytm SBI Card SELECT is a mid co-branded credit card from SBI Card and Paytm, with a joining fee of ₹1,499 + GST.
It earns up to 5% on Paytm spends in the form of cashback.
Cardholders get 4 annual domestic airport lounge access, plus complimentary paytm first membership. as a welcome benefit.
- Joining Fee₹1,499
- Annual Fee₹1,499
- Best Suited ForCo-brand rewards
- Reward TypeCashback
- 5% on paytm travel
- 2% on paytm app spends
- Base 1.00% on other spends
- Complimentary Paytm First Membership.
- Reward Points worth Rs. 750 (1 Reward Point = Re. 1).
SBImidCo-brand · PaytmRewards and Benefits
- ₹4,00,000 / annual: E-voucher worth Rs. 2,000 on annual retail spends of Rs. 4 Lakhs.
- ₹6,00,000 / annual: E-voucher worth Rs. 4,000 on annual retail spends of Rs. 6 Lakhs.
- fraud liability: ₹2,00,000
- Priority Pass Membership — 2-year complimentary Priority Pass Membership worth US $99 (international lounge program; per-visit charges may apply).
See the math — accelerations & caps
What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.
No accelerated categories apply to the spend you entered — everything earns the base rate.
Base-rate spend
Non-accelerated spend, summarized at this card's base rate.
- Online shopping₹15,000 · 1.0% = ₹150/mo
Online shopping — earns base; accelerated rate needs booking via paytm-app
- Groceries₹8,000 · 1.0% = ₹80/mo
- Dining & food delivery₹8,000 · 1.0% = ₹80/mo
- Fuel₹4,000 · 1.0% = ₹40/mo
- Travel & hotels₹10,000 · 1.0% = ₹100/mo
Travel & hotels — earns base; accelerated rate needs booking via paytm-app
- Utilities & bills₹5,000 · 1.0% = ₹50/mo
₹6,000 rewards − ₹0 annual fee. Estimate for the spend you entered.
Fees & Charges
Product Details
- Co-branded mid card by SBI Card and Paytm.
- Joining / annual fee of ₹1,499 + GST, waived on annual spends of ₹2,00,000.
- Available on the Visa network.
- Complimentary airport lounge access: domestic (4/annual).
- Insurance cover bundled: fraud liability.
Pros & Cons
- Annual fee waivable on ₹2,00,000 spend.
- Complimentary domestic airport lounge access (4/annual).
- Milestone-based bonus rewards on annual / quarterly spend thresholds.
- Accelerated earn worth ≈5.0% on paytm travel.
- Standard forex markup of 3.50% — suboptimal for international spend.
Welcome benefit
- Complimentary Paytm First Membership.Card issued
- Reward Points worth Rs. 750 (1 Reward Point = Re. 1).Card issued
Accelerated rewards
- 5% on paytm travel5% Cashback on Paytm Travel bookings via the Paytm App. Requires booking through the Paytm app — does not apply to travel booked anywhere else. Cap not stated on crawl.
- 2% on paytm app spends2% Cashback on all other purchases on the Paytm App. Requires transacting inside the Paytm app. Cap not stated on crawl.
- No monthly/statement cap on the 5% Paytm travel/movies/mall Valueback per the Paytm SBI Card SELECT T&C booklet (retrieved 2026-07-05); confidence medium (absence).
Milestone benefits
- ₹4,00,000 / annual: E-voucher worth Rs. 2,000 on annual retail spends of Rs. 4 Lakhs. (≈ ₹2,000 value)
- ₹6,00,000 / annual: E-voucher worth Rs. 4,000 on annual retail spends of Rs. 6 Lakhs. (≈ ₹4,000 value)
Airport lounge access
Insurance benefits
- fraud liability: ₹2,00,000Cyber Fraud Insurance cover of Rs. 2,00,000.
Fuel surcharge waiver
1.0% waiver on fuel transactions between ₹500 and ₹4,000, capped at ₹250 per statement.
Other benefits
- Priority Pass Membership. 2-year complimentary Priority Pass Membership worth US $99 (international lounge program; per-visit charges may apply).
Sources
- : www.sbicard.com · retrieved 3 Jul 2026
Last verified 5 Jul 2026. Verify with the issuer before applying.
Eligibility
- Age
- 21–65
- Credit score
- 720+
- Income (salaried)
- ₹6,00,000 p.a.
- Income (self-employed)
- ₹6,00,000 p.a.
Eligibility criteria not published on the product page.