Paytm SBI Card Select
Last Updated : July 1, 2025, 3:18 p.m.
If you're a frequent Paytm user looking to earn rewards, enjoy travel perks, and manage your finances seamlessly, the Paytm SBI Credit Card Select is tailor-made for you. Co-launched by SBI Card and Paytm, this card is designed to offer higher cashback for Paytm spends and travel-related benefits—all under one card.
Features and Benefits of Paytm SBI Select Credit Card
Welcome Benefits
- Get a cashback of Rs. 750 on your first transaction using the card.
- Enjoy 1-year complimentary Paytm First Membership (worth ₹750), offering free delivery, priority support, exclusive offers, and more.
Cashback Rewards
- Earn 5% cashback on:
- Paytm Mall
- Movie tickets
- Travel bookings made via the Paytm App
- Earn 2% cashback on all other spends on the Paytm App (Including bill payments, recharges, etc.).
- Enjoy a cashback of 1% on all non-Paytm and offline spends.
- Earn 5% cashback on:
- Cashback is auto-credited as Paytm Gift Vouchers or Points usable directly on the Paytm App.
Milestone Rewards
- Get a voucher of Rs. 2000 on crossing annual spends of Rs. 4 lakhs
- Get a bonus voucher of ₹4,000 on crossing annual spends of Rs. 6 lakhs
- Vouchers can be redeemed at popular brands like Pantaloons, Hush Puppies, etc.
Travel Benefits
- Enjoy 4 complimentary domestic airport lounge visits per year (1 per quarter).
- Receive free priority pass membership worth $99 for the first 2 years (Lounge visits are chargeable).
Cyber Fraud Insurance
- Get complimentary cyber fraud insurance cover of ₹2 lakh to protect against unauthorized transactions and online fraud.
Fuel Surcharge Waiver
- Get 1% fuel surcharge waiver on transactions in the range of Rs. 500 and Rs. 4,000
- Maximum surcharge waiver of ₹250 per billing cycle.
App-Based Management
- Manage your card via the Paytm App or SBI Card App.
- Access features like Spend Analyzer, Smart Spend Controls, One Tap Lock/Unlock, and Card Re-issue.
Eligibility Criteria
- Minimum 21 years of age for the primary cardholder.
- Minimum 18 years of age for add-on cardholders.
- Must have a steady flow of income every month (Salaried or self-employed).
- Suggested minimum yearly income of ₹4–5 lakh for approval.
- Should have a CIBIL credit score of 700+ for better chances.
- Must reside in India with a genuine address.
Documents Required
Required documents include:
- PAN Card (Mandatory)
- Proof of Identity: Aadhaar/Passport/Voter ID
- Proof of Address: Aadhaar/Passport/Utility Bill
- Income Proof: Salary slips, Form 16, ITR, or bank statement.
Paytm SBI Card Select Fees and Other Charges
| Fee/Charge | Details |
|---|---|
Joining Fee | ₹1,499 + taxes (one-time) |
Annual Fee | ₹1,499 + taxes (from 2nd year onward) |
Annual Fee Waiver | Waived on annual spends of ₹2,00,000 or more |
Finance Charges (Interest Rate) | 3.50% per month (42% annually) |
Cash Advance Fee | 2.5% of withdrawn amount (minimum ₹500) |
Late Payment Charges | ₹0–₹1,300 depending on total outstanding |
Foreign Currency Mark-up | 3.5% of the international transaction value |
Reward Redemption Fee | ₹99 per redemption request |
Paytm SBI Select Credit Card Payment Options
You can make your SBI Credit Card bill payments using a variety of online and offline methods. Here’s a quick overview:
| Payment Method | How Does It Work? |
|---|---|
| SBI Card Website | Visit sbicard.com, log in, go to ‘Pay Now’ and pay via debit card or net banking. |
| Paytm App | Open Paytm → Go to “Credit Card Payment” → Select SBI Card → Enter details → Pay via wallet, UPI, or bank. |
| SBI YONO App | Log in to YONO SBI app → Navigate to ‘Credit Cards’ → Select your card → Pay bill using linked account. |
| Net Banking (Other Banks) | Log in to your bank’s net banking → Choose 'Credit Card Payment' → Use NEFT or BillDesk. |
| UPI | Use UPI apps like Paytm, PhonePe, or Google Pay → Select ‘Credit Card Payment’ → Enter SBI Card details → Pay. |
| NEFT (From Any Bank) | Add your SBI Card as a beneficiary → Use the IFSC: SBIN00CARDS → Pay via NEFT. |
| Auto Debit Facility | Set up auto debit via SBI Card or your bank → Amount auto-deducted on the due date. |
| SBI ATM | Visit an SBI ATM → Choose ‘Bill Pay’ → Select credit card payment → Follow instructions. |
| Cheque Payment | Drop a cheque at any SBI dropbox in favour of ‘SBI Card No. XXXX XXXX XXXX XXXX’. |
| SBI Branch Payment | Visit any SBI branch and pay via cash or cheque (charges may apply for cash). |
How to Apply for Paytm SBI Card Select?
Through Paytm App
Step 1: Open the Paytm App and head to the Credit Cards section.
Step 2: Choose the Paytm SBI Card Select and fill up your details.
Step 3: Complete eKYC and submit documents (If not already done).
Step 4: Wait for verification and get your digital card first, followed by the physical card.
Through SBI Card Website
- Visit sbicard.com and find the Paytm SBI Card Select page.
- Click Apply Now and completely fill in your personal, employment, and financial details.
- Upload required documents and await verification.
- On approval, receive the card in 7–10 working days.
Comparison Table – Paytm SBI Card Select vs Other SBI Cards
| Feature | Paytm SBI Card Select | Paytm SBI Card (Standard) | SBI SimplyCLICK | SBI Cashback Card |
|---|---|---|---|---|
Joining/Annual Fee | ₹1,499 | ₹499 | ₹499 | ₹999 |
Cashback/Rewards | 5%/2%/1% (Paytm spends) | 3%/2%/1% (Paytm spends) | 10X/5X/1X RP (online spends) | 5% online, 1% offline |
Lounge Access | 4 domestic + Priority Pass | None | None | None |
Milestone Rewards | ₹2K on ₹4L, ₹4K on ₹6L | Paytm First on ₹1L spend | Cleartrip vouchers on spend | None |
Fee Waiver | On ₹2L spend/year | No | On ₹1L spend/year | On ₹2L spend/year |
Fuel Surcharge Waiver | 1% (₹250 max/month) | 1% (₹100 max/month) | 1% (₹100 max/month) | 1% (₹100 max/month) |
Ideal For | Heavy Paytm users + travel | Light Paytm users | Online shoppers (Amazon, etc.) | General cashback seekers |
When Should You Choose Paytm SBI Credit Card Select?
Choose the Paytm SBI Credit Card Select if:
- You frequently shop on Paytm Mall, book travel and movie tickets via the Paytm app.
- You want to accumulate accelerated cashback and milestone rewards in voucher form.
- You’re looking for premium features like airport lounge access and cyber fraud insurance at a mid-range annual fee.
- You can spend ₹2 lakh or more annually to waive off the renewal fee.
- You prefer to manage your credit card digitally through the Paytm or SBI Card app.
- You want to pair a Paytm-based lifestyle with a card that rewards you for it consistently.
Conclusion
The Paytm SBI Credit Card Select is a strong choice for Paytm-centric users seeking rewarding cashback, premium travel perks, and digital convenience. With high returns on Paytm spends, milestone-based gift vouchers, and added protections like cyber fraud insurance and lounge access, the card offers real value for the annual fee of ₹1,499. It is especially beneficial if you cross the annual spend threshold of ₹2 lakhs to waive it. While it may not suit users who shop outside Paytm extensively, for those invested in the Paytm ecosystem, this card delivers both lifestyle benefits and savings, making it one of the most compelling co-branded SBI cards in India today.
Frequently Asked Questions (FAQs)
