SBI
SBI Paytm Select Credit card
This is an invite only card
Top Benefits
Enjoy 4 Complimentary Domestic Lounge
Visits Every year, capped at one per quarter, and you also get a complimentary 2-year Priority Pass membership worth US $99 for lounges abroad
Get Gift Vouchers Worth Up to ₹6,000 on Annual Spends
₹2,000 voucher is released at ₹4 lakh of annual retail spends and a ₹4,000 voucher at ₹6 lakh, redeemable at Hush Puppies, Bata or Pantaloons
Best For
Shopping
Travel
Expert Review
Joining / Annual Fee
Joining Fees
₹1,769 ( ₹1499 + GST )
Annual Fees
₹1,769 ( ₹1499 + GST )
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
No
All Card Benefits
- 5% Reward Points on travel purchases through the Paytm App
- 2% on all other Paytm App purchases
- gift vouchers worth ₹2,000 at ₹4 lakh and ₹4,000 at ₹6 lakh of annual retail spends
- 4 complimentary domestic airport lounge visits a year max 1 per quarter
Milestone Benefits
2000 reward points(Worth ~ ₹0)
Spend ₹4,00,000 in 365 days
4000 reward points(Worth ~ ₹0)
Spend ₹6,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹1
Redemption Options
- Gift Vouchers
- Merchandies
- Physical Products
To check redemption catalogue
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
Wallet Load
Education
Balance Transfer
EMI
Cash Advance
ATM
Returned Goods
For Spends Waiver
Fuel
Wallet Load
Education
Balance Transfer
EMI
Cash Advance
ATM
Returned Goods
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.50% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency | 3.5% |
APR Fees Finance charges of 3.75% per month 45% per annum apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.50% of the withdrawn amount is charged on cash advances using the credit card minimum ₹500, if applicable | 2.5% |
Reward Redemption Fees ₹99 redemption fee per redemption | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees A fee of ₹200 is charged for payments made by cheque. A separate payment dishonour fee of 2% of the payment amount, subject to a minimum of ₹500 | ₹200 |
Cash Payment Fees A fee of ₹250 is charged for payments made by depositing cash at a bank branch | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1,000 | ₹400 |
| ₹1,001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹950 |
| ₹25,001 - ₹50,000 | ₹1100 |
| Above ₹50,000 | ₹1300 |
That’s the full story of this credit card
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Top Benefits
Top Benefits
Enjoy 4 Complimentary Domestic Lounge
Visits Every year, capped at one per quarter, and you also get a complimentary 2-year Priority Pass membership worth US $99 for lounges abroad
Get Gift Vouchers Worth Up to ₹6,000 on Annual Spends
₹2,000 voucher is released at ₹4 lakh of annual retail spends and a ₹4,000 voucher at ₹6 lakh, redeemable at Hush Puppies, Bata or Pantaloons
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