Paytm SBI Card Select
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users can enjoy a complimentary Paytm First membership and Rs 750 as cashback in their Paytm wallet.
Milestone Benefits
Milestone Benefit: Users can get Rs 2000 worth of vouchers on achieving retail spending of Rs Rs 4 Lakhs in a year. Rs 4000 voucher on achieving retail spends of Rs Rs 6 Lakhs in a year.
Cashback Rate
5% cashback on Paytm Mall, movies and travel.
2% cashback on all other purchases on the Paytm app.
1% cashback on any other spends across millions of offline and online stores.
Movie Benefits
Users will get 5% cashback on Paytm Mall, movies and travel.
Dining Benefits
None.
Other Benefits
Good value adds benefits on Paytm First membership and a Priortiy Pass membership.; Users will get a free cyber fraud insurance cover of Rs 2,00,000 with Paytm SBI Card Select.
Lounge Access
Free 4 domestic lounge visits (Limited to 1 per quarter).
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users can enjoy a complimentary Paytm First membership and Rs 750 as cashback in their Paytm wallet.
Milestone Benefits
Milestone Benefit: Users can get Rs 2000 worth of vouchers on achieving retail spending of Rs Rs 4 Lakhs in a year. Rs 4000 voucher on achieving retail spends of Rs Rs 6 Lakhs in a year.
Cashback Rate
5% cashback on Paytm Mall, movies and travel.
2% cashback on all other purchases on the Paytm app.
1% cashback on any other spends across millions of offline and online stores.
Movie Benefits
Users will get 5% cashback on Paytm Mall, movies and travel.
Dining Benefits
None.
Other Benefits
Good value adds benefits on Paytm First membership and a Priortiy Pass membership.; Users will get a free cyber fraud insurance cover of Rs 2,00,000 with Paytm SBI Card Select.
Lounge Access
Free 4 domestic lounge visits (Limited to 1 per quarter).
Fees & Charges
Joining Fee
INR. 1,499 + Taxes
Annual Fee
INR. 1,499 + Taxes
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.5
Other Fees
Renewal Fee (per annum): INR 1,499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fees & Charges
Joining Fee
INR. 1,499 + Taxes
Annual Fee
INR. 1,499 + Taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.5
Other Fees
Renewal Fee (per annum): INR 1,499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Special Features
Reward System: 5% cashback on Paytm Mall, movies and travel.
Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
You can apply for the Paytm Select credit card through two major methods:
1. Online:
Paytm App:Open the Paytm app on your phone and navigate to the "Loans & Credit Cards" section.
Click on "Credit Card" and choose the specific Paytm Select SBI card you're interested in.
Follow the on-screen instructions, providing your PAN and other details. Review and accept the terms and conditions, and submit your application.
You'll receive a notification about the status of your application within a few days.
Bank's Website:Visit the website of the issuing bank (SBI).
Navigate to the "Credit Cards" button and search for the specific Paytm Select Credit Card.
Click on "Apply Now" button and fill out the online application form.
Submit the form and wait for the bank's response.
2. Offline:
Bank Branch:Visit a SBI branch express your interest in applying for the Paytm Select card.
A bank representative will assist you in filling out the application form and guide you through the process.
Submit the completed application form along with the requisite documents.
SBI will then process your application and inform you about the decision.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
USP of the card is 5% cashback on Paytm Mall, movies and travel. It also offer great value add benefits such as: 4 free domestic lounge visits and free priority pass membership.
USP of the card is 5% cashback on Paytm Mall, movies and travel. It also offer great value add benefits such as: 4 free domestic lounge visits and free priority pass membership.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai