Paytm SBI Card SELECT
Updated 3 Jul 2026Source-linked
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.
Paytm SBI Card SELECT
- Joining Fee₹1,499
- Annual Fee₹1,499
- Best Suited ForCo-brand rewards
- Reward TypeCashback
Rewards Rate
- 5% on paytm travel
- 2% on paytm app spends
- Base 1.00% on other spends
Welcome Benefits
- Complimentary Paytm First Membership.
- Reward Points worth Rs. 750 (1 Reward Point = Re. 1).
SBImidCo-brand · PaytmRewards and Benefits
Rewards Rate
5% on paytm travel
2% on paytm app spends
Base 1.00% on other spends.
Reward Redemption
1 Reward Point = Re. 1.
Welcome Benefits
Complimentary Paytm First Membership.
Milestone Rewards
- ₹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.
Domestic Lounge Access
4 visits each annual.
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
- fraud liability: ₹2,00,000
Other Benefits
- Priority Pass Membership — 2-year complimentary Priority Pass Membership worth US $99 (international lounge program; per-visit charges may apply).
Fees & Charges
Spend-Based Waiver
₹2,00,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹500 and ₹4,000, capped at ₹250 per statement.
Cash Advance Charges
N/A
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
Pros
- 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.
Cons
- 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. Cap not stated on crawl.
- 2% on paytm app spends2% Cashback on all other purchases on the Paytm App. Cap not stated on crawl.
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
Domestic
4 visit(s) / annual. Via issuer-direct.
Complimentary 4 domestic lounge visits per year (max. 1 per quarter).
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 3 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.