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Paytm SBI Card SELECT
Paytm SBI Card SELECT is built around the Paytm ecosystem — it pays 5% cashback on movies, travel, and mall purchases booked through the Paytm app, and a flat 2% elsewhere, making it most rewarding for cardholders who already route bookings through Paytm. It's rounded out with 4 domestic lounge visits, two years of Priority Pass membership, and cyber fraud cover, giving it a broader benefit set than a typical mid-tier cashback card. The catch is that its headline cashback rate is tied specifically to Paytm app transactions rather than general spend.
Annual fee
₹1,499
Joining fee
₹1,499
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping. It's worth the annual fee mainly if your cashback value clears it.
Rewards & benefits
- Rewards rate: 1% base rate
- Domestic lounge access: 4 complimentary domestic airport lounge visits per year, plus a Priority Pass membership worth $99 for the first 2 years for extended paid-entry lounge access
- International lounge access: 4 complimentary domestic airport lounge visits per year, plus a Priority Pass membership worth $99 for the first 2 years for extended paid-entry lounge access
- Insurance benefits: Cyber fraud insurance cover of Rs 2 lakh against unauthorized digital transactions and online fraud
Benefits by category
- ✈️ Travel
4 complimentary domestic airport lounge visits per year, plus a Priority Pass membership worth $99 for the first 2 years for extended paid-entry lounge access
- 🛡️ Insurance
Cyber fraud insurance cover of Rs 2 lakh against unauthorized digital transactions and online fraud
- 🛍️ Shopping
5% reward rate
- ⛽ Fuel
1% fuel surcharge waived on transactions between Rs 500-4,000, capped at Rs 250 per statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 21–70
Fees & charges
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived on transactions between Rs 500-4,000, capped at Rs 250 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- Complimentary Paytm First membership plus welcome benefits worth up to Rs 75,000 across partner vouchers and discounts, spread over the first year rather than delivered upfront
- 4 complimentary domestic airport lounge visits per year, plus a Priority Pass membership worth $99 for the first 2 years for extended paid-entry lounge access
- Cyber fraud insurance cover of Rs 2 lakh against unauthorized digital transactions and online fraud
- 1% fuel surcharge waived on transactions between Rs 500-4,000, capped at Rs 250 per statement cycle
- Rs 2,000 voucher on crossing Rs 4 lakh annual retail spend, stepping up to a Rs 4,000 voucher at Rs 6 lakh annual retail spend
Pros
- + 5% cashback on Paytm app movie, travel, and mall spends
- + 4 domestic lounge visits plus 2 years of Priority Pass membership
- + Rs 2 lakh cyber fraud insurance cover
- + Complimentary Paytm First membership and partner vouchers worth up to Rs 75,000
- + Milestone vouchers that reward sustained annual retail spend
Cons
- − Elevated cashback rates apply mainly to spends routed through the Paytm app
- − Standard 3.5% forex markup makes it weak for international spends
- − Fee waiver needs Rs 2 lakh annual spend to trigger
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