About Paytm SBI Card SELECT
Paytm SBI Card SELECT is a co-branded credit card that offers up to 5% value-back on Paytm spends. The card provides rewards in the form of points that can be redeemed at a 1:1 ratio, making it a strong option among rewards credit cards for regular Paytm users.
Cardholders can earn 5% rewards on movies, travel, and Paytm Mall transactions. Similar to the base variant—Paytm SBI Card—it also offers 2% rewards on other Paytm spends and 1% on non-Paytm transactions, covering both online and offline usage.
This SBI credit card also comes with 4 complimentary domestic lounge visits annually and a complimentary Priority Pass membership, adding travel value. At joining, you get a Paytm First membership along with reward points worth ₹750.
By spending ₹6 lakh annually, users can unlock milestone benefits worth ₹6,000 in brand vouchers. Overall, this card is a good option for users who prefer Paytm for payments and bookings and want rewards along with basic travel benefits.
Paytm SBI Card SELECT Rewards Program
Rewards Program
- Earn 5% reward points on Paytm Mall, movies and travel bookings via Paytm
- Earn 2% reward points on other spends via Paytm
- Earn 1% reward points on all other category spends
Reward Redemption
- Redeem reward points at a value of 1 RP = ₹1 for cashback or vouchers
Also Read: Best Credit Cards in India 2026
Other Features and Benefits
Welcome Benefit
- Get complimentary 1-year Paytm First Membership on card activation
- Earn 750 reward points worth ₹750 on activation
Complimentary Lounge Access
- Get 4 complimentary domestic lounge visits per year (max. 1 per quarter)
- Enjoy complimentary Priority Pass membership worth $99 for the first two years
Also Check: Best Lounge Access Credit Cards
Milestone Benefits
- Get brand vouchers worth ₹2,000 on annual spends of ₹4 Lakh
- Get additional vouchers worth ₹4,000 on annual spends of ₹6 Lakh
Also Read: Best Milestone Benefits Credit Cards
Fuel Surcharge Waiver
- Save 1% on fuel surcharge for transactions between ₹500 and ₹3,000, up to ₹250 per month
Also Read: Best Fuel Credit Cards
Annual Fee Waiver
- Enjoy annual fee waiver on spending ₹2 Lakh or more in a year
Insurance Coverage
- Get cyber fraud insurance cover of ₹2 Lakh
Fees and Charges
| Particulars | Amount |
|---|
| Joining Fee | Rs. 1,499 + Applicable Taxes |
| Annual Fee | Rs. 1,499 + Applicable Taxes |
| Finance Charges | 3.75% p.m. (45% p.a.) |
| Late Payment Charges | | For outstanding balance: | | | Up to Rs. 500 | Nil | | More than Rs. 500 up to Rs. 1,000 | Rs. 400 | | More than Rs. 1,000 up to Rs. 10,000 | Rs. 750 | | More than Rs. 10,000 up to Rs. 25,000 | Rs. 950 | | More than Rs. 25,000 up to Rs. 50,000 | Rs. 1,100 | | More than Rs. 50,000 | Rs. 1,300 |
|
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Document Required For Paytm SBI Card SELECT
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
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Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Paytm SBI Card SELECT Highlights
What do we like about this card?
- Earn up to 5% reward points on Paytm spends across shopping, movies and travel
- Flat 1:1 reward redemption value for cashback or vouchers
- Complimentary Paytm First Membership and 750 bonus reward points on activation
- Free domestic lounge access and Priority Pass membership for travel benefits
- High-value milestone vouchers up to ₹6,000 annually
- Annual fee waiver on ₹2 Lakh spends
- Save on fuel with surcharge waiver up to ₹250 per month
- Added security with ₹2 Lakh cyber fraud insurance cover
Things to Know Before you apply
Get this card if:
- You prefer using Paytm for shopping, movie tickets, and travel bookings
- You want accelerated rewards on utility bill payments and insurance spends
- You can spend around ₹6 lakh annually to unlock vouchers worth ₹6,000
- You are a frequent traveller looking for basic lounge access benefits
Pros
- Get complimentary Paytm First Membership
- Enjoy complimentary domestic lounge visits every year
- Earn 5% reward points on movies, travel, and Paytm Mall spends
- Simple redemption with 1 RP = ₹1 value
- Receive brand vouchers worth ₹6,000 on milestone spends
Cons
- No reward points on rent, fuel, and government transactions
- No complimentary international lounge access
- Low base reward rate of 1% on non-Paytm spends
SBI Bank Credit Card Contact Details
SBI Bank Credit Card offers multiple ways to get assistance for your credit card queries and services.
- Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
- Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
- Simply SMS: Send an SMS to 5676791 from your registered mobile number
For Further Support: Contact SBI Customer Care Center
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Frequently Asked Questions
Yes, you can apply as long as you are a resident of India. However, it’s a good idea to check detailed eligibility criteria with SBI Card before applying.
No, 5% cashback is applicable only on movies, travel, and Paytm Mall spends via the Paytm app. Other Paytm spends earn 2%, while non-Paytm transactions earn 1%.
No, you will not earn rewards on wallet loads, fuel, rent, and government-related transactions.
Yes, you get 4 complimentary domestic lounge visits every year (maximum 1 per quarter). It also comes with a Priority Pass membership for the first two years, but it does not include free international lounge visits.
Yes, you can pay utility bills like electricity, mobile, and telephone via Paytm and earn 2% value-back. You can also use the Easy Bill Pay option.
