Paytm SBI Credit Card SELECT

Welcome Offer

After activation of Paytm SBI Card SELECT i.e. post first successful retail transaction, you are provided with a complimentary Paytm First Membership worth Rs.750. Under this membership, you can avail benefits of up to Rs. 75,000 in the following ways:

Details	Cashback
Utility bill payments, recharge, travel bookings	Rs. 10,000
Entertainment (Voot Select, Gaana, Zee5, Hungama Music, Storytel, etc.)	Rs. 5,000
Travel & Hotel Bookings (Fab Hotels, Bounce, Zoomcar, etc.)	Rs. 15,000
Online Food Delivery & Dine-in	Rs. 5,000
Shopping (Puma, The Man Company, Ferns ‘n’ Petals, Colobar, etc.)	Rs. 12,000
Health Essentials (1MG, Apollo, VLCC, etc.)	Rs. 10,000

Some terms and conditions related to this benefit are:

• Paytm First Membership plan is valid for 12 months from the date of activation.
• Initially, Rs. 750 will be deducted for complimentary membership from your account and will be instantly credited in the Paytm wallet in the form of cashback

Cashback Offers

Based on their spendings, Paytm SBI Card SELECT users can get unlimited cashback on travel, movies, and many more services. The cashback structure is as follows:

Details	Cashback
Paytm Mall, Movies, and Travel	5%
All Other Purchases on Paytm App	2%
Other Spends across offline and online stores	1%

This is a decent cashback rate but more inclined towards Paytm App. If you are truly a Paytm Loyalist, this card can be a great choice. However, there are cards that allow you to earn good cashback across all spends instead of limiting it to a particular website. For example, Axis Ace Credit Card gives flat 2% cashback on all your spends and the amount is directly credited into your card account. HSBC Cashback Credit Card gives you 1.5% cashback on all online spends (not limited to any website). So, if you are not sure about making the most of Paytm-specific benefits, getting a non-branded card could be a better choice.

Paytm SBI Card Select- Cashback T&C

• The cashback is earned by Paytm SBI SELECT cardholders in the form of reward points, on minimum transaction of Rs.100 each
• These reward points are automatically redeemed to Paytm Gift Voucher balance, which is then added to the user’s Paytm wallet linked to the registered mobile number on the card
• You can use this Gift Voucher balance for purchases through the Paytm App 
• Any kind of QR code-based transactions done through Paytm App using Paytm SBI Card SELECT is categorized under 1% cashback category
• Cashback will not be applicable for spends done on any Add Money transactions (Paytm or any other App) as well as fuel spends

Milestone Offer

On spending Rs. 1,00,000 in one year, you can get a Paytm First Membership Voucher at renewal if you are a Paytm SBI Card SELECT user.

• Rs. 2,000 gift voucher on achieving Annual Retail spend of Rs. 4 Lakhs
• Rs. 4,000 gift voucher on achieving Annual Retail spend of Rs. 6 Lakhs

Cyber Fraud Insurance

Paytm SBI Card SELECT provides an extra layer of protection against cyber fraud with an exclusive Cyber Fraud Insurance cover of Rs. 2,00,000. This is an added advantage on this card as other co-branded cashback cards do not come with this feature. Here are the details:

• Prevents you from any kind of misuse/abuse of his or her credit card
• Insured by ICICI Lombard General Insurance Company Ltd.
• Gross Negligence is not covered
• Any claim due to deliberate breach of the law would not be payable
• Only chip & pin-based cards are covered under this policy
• Claims should be reported within 45 days from the fraud transaction date

Travel Benefits on Paytm SBI Card Select

Paytm SBI Card Select is also good for your travel needs as flight ticket booking through Paytm will earn you 5% cashback. At the same time, you can enjoy complimentary lounge access on this card:

• 4 complimentary lounge access in 1 year, once per quarter (within India)
• Complimentary Priority Pass worth the US $99 for first two years of cardholder membership

Fuel Surcharge Waiver

Avail 1% fuel surcharge waiver on fuel purchases done at any fuel station across India. This offer is valid on transactions between Rs. 500 to Rs. 3000.

• A maximum fuel surcharge of Rs.100 per statement can be waived off
• GST applied on fuel surcharge will not be refundable
• Such transactions are ineligible for cashback

Particulars	Charges
Joining Fee	Rs.1,499
Annual Fee	Rs.1,499
Add on Card – Joining & Annual Fee	NIL
Cash Advance Limit	Up to 80% of the credit limit | Maximum Rs. 12,000 per day
Finance Charges	Up to Rs. 25 or 3.35% per month, whichever is higher
Cash Advance Fee	2.5% of the transaction amount (subject to a min. of Rs. 500)
Late Payment Fee	Up to Rs. 500: NIL Rs. 500 – Rs. 1000: Rs. 400 Rs. 1001 – Rs. 10,000: Rs. 750 Rs. 10,001 – Rs. 25,000: Rs. 950 Rs. 25,001 – Rs. 50,000: Rs. 1,100 Rs. 50,001 and above: Rs. 1,300
Over-limit Penalty	2.5% of the over-limit amount (Minimum Rs. 500)
Foreign Currency Transaction Fee	3.5% of the transaction value
Card Replacement Fee	Rs. 100
Railway Ticket Charges	Rs. 30 + 2.5% of the transaction amount

You must meet the below given basic eligibility criteria to successfully avail the Paytm SBI Card SELECT Credit Card.

Age	21 years
Minimum Income	Communicated at the time of application
Occupation	Available to both salaried and self-employed individuals
Documents	Click here for the list of acceptable documents

The eligibility criteria and acceptable documents are for indicative purposes only. Actual criteria and documents required may vary.

Paytm SBI Card SELECT Credit Card is not available on Paisabazaar’s Platform. If you wish to apply for this card, you can send an online application through SBI’s website or Paytm mobile application.

Credit Card	Annual Fees	Comparative Feature
Amazon Pay ICICI Bank Credit Card	Nil	Up to 5% cashback on Amazon and 1% flat cashback across all spends
HDFC Bank Millennia Credit Card	Rs. 1,000	Up to 5% cashback on Amazon, Flipkart and SmartBuy and 2.5% cashback on all online spends.
HSBC Cashback Credit Card	Rs. 750	1.5% cashback on online spends; 1% cashback across all other spends
Flipkart Axis Bank Card	Rs. 500	5% cashback on Flipkart, Myntra, & 2GUD
Axis Ace Credit Card	Rs. 499	Unlimited 5% cashback on bill payments, DTH, and mobile recharges via Google Pay

I have Indian citizenship but I travel a lot overseas, can I still apply for this credit card?

Yes, as long as you are a resident of India you may apply for this credit card.

Are all kinds of transactions rewarded with 5% cashback?

No, all travel, movies and mall purchases through Paytm App are eligible for 5% cashback, all other purchases through Paytm App are eligible for 2% cashback, and other spends will get 1% cashback.

Which transactions can I convert into EMI?

Transactions that are over Rs. 2,500 can be converted into EMI post-purchase.

Does Paytm SBI Card SELECT provide a discount on online food ordering apps?

Yes, the list of partner restaurants and food ordering portals includes Zomato Pro, Eazydiner, Chaayos, Freshmenu, Box8, KFC and so on. Moreover, SBI Bank constantly updates its offers.

Can I make utility bill payments via Paytm SBI Card SELECT?

Yes, you can pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility on your Paytm SBI Card SELECT. You can also pay the bills directly through Paytm App and get cashback for the same.

What happens to my complimentary Paytm Membership after 12 months?

Complimentary membership is provided for 12 months only. After that, your free membership will be terminated. You can choose to avail Membership Plan and subscribe for auto-renewal on an annual basis only and it shall be automatically renewed upon the expiry of the 12 months period.