Santa Claus comes around just once a year. In the meantime, there are Credit Cards.

    • Paytm SBI Card SELECT

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    Check your Eligibility!

    The State Bank of India has partnered with Paytm and launched the Paytm SBI Card SELECT. With this credit card, you can earn a lot of rewards when you make payments via Paytm. The joining fee for the card is Rs.1,499.

    Key Benefits of Paytm SBI Card SELECT

    • Get 5% cashback on all movie, travel and mall purchases done through Paytm app.
    • 2% cashback on all other purchases through Paytm app.
    • 1% cashback for using the card everywhere else.
    • Cyber Fraud insurance cover of Rs.2 lakh.
    • Get 4 domestic airport lounge visits every year (1 per quarter).
    • Complimentary priority pass worth 99 US dollars for first two years of cardholder membership.

    Features and Benefits of Paytm SBI Card SELECT

    Welcome benefits

    • You will get a welcome benefit of up to Rs.75,000 with a free Paytm First Membership.
    • You get Rs.750 as cashback in your Paytm Wallet
    • Enjoy Paytm First Membership when your credit card is activated

    Cashback benefits

    • Get 5% cashback for purchases made at Paytm Mall and booking movie and travel tickets via Paytm app.
    • 2% cashback on all other purchases through Paytm app.
    • 1% cashback for using the card everywhere else.

    Airport lounge benefits

    • Get 4 domestic airport lounge visits every year.
    • You can get a maximum of 1 lounge visit every quarter.
    • You will get a Complimentary Priority Pass Membership worth $99.

    Insurance benefits

    • You will receive extra protection against any cyber fraud under the Cyber Fraud Insurance cover of Rs.2 lakh on your Paytm SBI Card SELECT.

    Milestone benefits

    • Get a voucher of Rs.2,000 on achieving retails spends of Rs.4 lakh in a year.
    • Get a voucher of Rs.4,000 on achieving retails spends of Rs.6 lakh in a year.

    Fuel benefits

    • You will get a 1% fuel surcharge waiver for transactions between Rs.500 and Rs.4,000.
    • The maximum amount of waiver you can receive is Rs.250 for every statement cycle.
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    Paytm SBI Card SELECT Fees and Charges

    Type of Charge Amount
    Renewal fee Rs.1,499
    Joining fee Rs.1,499
    Late payment fee
    • From Rs.0 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
    Finance Charges Up to 3.35% monthly
    Add-On card fee Nil
    Cash advance fee
    • 2.5% of the amount withdrawn or Rs.500 (Domestic ATMs)
    • 2.5% of the amount withdrawn or Rs.500 (International ATMs)
    Finance Charges 3.50% per month or 42% per annum
    Payment dishonor fee 2% of the payment amount; minimum of Rs.450
    Statement request Rs.100 per statement (more than 2 months old)
    Cash payment fee Rs.250
    Cheque payment fee Rs.100
    Over limit fee 2.5% of the over limit amount; minimum of Rs.600
    Rewards redemption fee Rs.99
    Foreign currency transaction 3.50%

    Documents Required to Apply for Paytm SBI Card SELECT

    Proof of Address
    • Ration Card
    • Passport
    • Voter ID
    • Aadhaar Card
    Income Proof
    • Form 16
    • IT Returns
    • Salary Slip
    Identity Proof
    Check Your Eligibility

    FAQs on Paytm SBI Card SELECT

    1. Can I re-apply for a Paytm SBI Card SELECT?

      Yes, you can always re-apply for the Paytm SBI Credit Card via the bank's website or by visiting an SBI branch. This should be done after 6 months of your first application having been rejected.

    2. How much time will it take for me to get my Paytm SBI Credit Card?

      Once your application for the card has been approved and your documents have been verified, you will get the card within 7 business days.

    3. What is the minimum age I should reach in order to be able to apply for a Paytm SBI Card SELECT?

      You should reach the age of 21 years to be able to apply for the Paytm SBI Card SELECT.

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