INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).

🏛️State Bank of India (SBI Card)Network: VisaBusiness & Corporate CardsLast Verified: 2026-09-28

Paytm SBI Card Select

पेटीएम एसबीआई कार्ड सेलेक्ट

Digital co-branded card offering 5% value back on Paytm Travel & Movies, 4 domestic lounge visits, cyber insurance cover, and ₹6,000 milestone vouchers.

Annual Fee₹1,499 + GST (Renewal: ₹1,499 + GST)

Reward Rate5% value back (Reward Points) on Paytm Travel (flights, buses, trains), Movie tickets on Paytm, and Paytm Mall. 2% value back on all other Paytm App spends. 1% value back on offline and other retail spends.

Airport Lounge4 complimentary domestic airport lounge visits per calendar year (max 1 visit per quarter). Priority Pass membership complimentary for first 2 years.

Forex Markup3.50% + GST.

What Is This Card

Paytm SBI Card Select is a digital lifestyle co-branded credit card tailored for frequent users of the Paytm ecosystem. It delivers 5% value back on travel and entertainment bookings, domestic lounge visits, and built-in cyber fraud insurance protection.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹1,499 + GST (Renewal: ₹1,499 + GST)

Fee Waiver: Spend ₹2,00,000 or more in the preceding membership year to get the annual renewal fee of ₹1,499 reversed.

🎁Welcome Benefit

₹750 cashback / reward points credited to Paytm account upon first transaction, plus complimentary Paytm First membership.

⚡Reward Points Structure

5% value back (Reward Points) on Paytm Travel (flights, buses, trains), Movie tickets on Paytm, and Paytm Mall. 2% value back on all other Paytm App spends. 1% value back on offline and other retail spends.

Redemption Value: 1 Reward Point = ₹1.00. Automatically credited as reward balance redeemable for gift vouchers or bill payments.

🛫Airport & Railway Lounge Access

4 complimentary domestic airport lounge visits per calendar year (max 1 visit per quarter). Priority Pass membership complimentary for first 2 years.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Cyber fraud insurance cover up to ₹2 Lakhs for fraudulent digital transactions.

Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹4,000 (maximum ₹100 per statement cycle).

🎯Milestone Spends & Grace Period

Milestones: ₹2,000 gift voucher on annual retail spends of ₹4 Lakhs; additional ₹4,000 gift voucher on reaching ₹6 Lakhs annual spends. Fee waiver on ₹2 Lakh spend.

Interest-Free Period: 20 to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Direct wallet load transactions via credit card are strictly excluded from earning reward points. Domestic lounge access is limited to 1 visit per quarter. High annual spend requirement (₹2 Lakhs) for fee waiver.

Forex Markup Fee3.50% + GST.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month.

Finance Charges (Interest)Up to 3.50% per month (42.00% per annum).

Late Payment SlabsNil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.

Reward Points ExpiryReward points expire 24 months from the date of accrual.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Wallet loading, rent payments, educational payments, and government services.

Eligibility Criteria

Salaried corporate employees and self-employed professionals aged 21 to 70 years.

Age Requirement21 to 70 Years

Minimum Income₹3,60,000 per annum (Salaried) / ₹4,80,000 per annum (Self-Employed ITR)

CIBIL Score NoteRecommended CIBIL score of 720+.

SBI RelationshipNot mandatory.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/apply or open the YONO SBI app and select Paytm SBI Card Select.

2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).

3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).

4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).

5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).

6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.

Branch Application for Offline Applicants

Available at SBI branches with standard KYC documentation.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)

Documents Required

1. PAN Card

2. Aadhaar Card

3. Last 3 months' salary slips or recent ITR acknowledgment.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on Paytm SBI Card Select?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum). will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on Paytm SBI Card Select into EMI?

Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on Paytm SBI Card Select?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. 1 Reward Point = ₹1.00. Automatically credited as reward balance redeemable for gift vouchers or bill payments. Please note: Reward points expire 24 months from the date of accrual.

What is the interest-free grace period on Paytm SBI Card Select and how does it work?

The interest-free period on Paytm SBI Card Select is 20 to 50 days.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum).) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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