Paytm SBI Card SELECT: Advantages and Guide
Bio
Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.
- 8 Dec 25
- 4 mins
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Paytm SBI Card SELECT: Advantages and Guide
Sandipan Mitra- 08 Mins
- 08-12-25
Key Takeaways
- Paytm SBI Card SELECT offers 2% rewards on Paytm spends and 1% on all other spends.
- Comes with Paytm First Membership and welcome benefits worth ₹750.
- Includes Priority Pass membership for 2 years with chargeable lounge visits.
- Provides 4 domestic lounge visits annually (1 per quarter).
- Annual fee of ₹1,499, waived on ₹2 lakh annual spending.
Do you rely on the Paytm app for most of your payments? Then the Paytm SBI Card SELECT fits your lifestyle with ease.
This co-branded card rewards every Paytm transaction with a clear value-back at a 1:1 rate. It mirrors the base variant but gives stronger returns on regular spending. You earn 2% rewards on Paytm payments and 1% rewards on all non-Paytm spends.
It is an ideal option if you prefer booking and paying through Paytm and want rewards with basic travel perks.
Welcome and Travel Benefits of Paytm SBI Card SELECT
Start your journey with a warm boost of value. You get a free Paytm First Membership and reward points worth ₹750. The 1:1 redemption makes the welcome benefits even better.
In addition, you earn 5% cashback on Paytm Travel bookings, which lowers your travel costs. The card also offers a complimentary Priority Pass worth USD 99 for the first 2 years.
On top of it, you get 4 domestic lounge visits each year, limited to 1 per quarter.
What Is Paytm First Membership?
Paytm First Membership is Paytm’s premium subscription plan. It gives users exclusive discounts, special offers and extra value on Paytm transactions.
Members earn additional Paytm First points along with regular cashback on the app. They also get access to select benefits from partner brands across different categories.
The membership activates within 15 days after you make your first retail transaction with the Paytm SBI Card SELECT.
The complimentary plan stays valid for 1 full year from the date of activation.
Must reads
Priority Pass Membership Guide for SBI Paytm SELECT Credit Card
Paytm SBI Card SELECT cardholders must request the Priority Pass membership card through the SBI Card helpline numbers. It will reach your billing address within 10 days. Lounge access is valid only with a physical Priority Pass.
- Priority Pass Charges and Access Details
The SBI Paytm SELECT Card does not offer complimentary international lounge visits under this program. Lounge charges reflect in your statement within 30–60 days.
| Category | Domestic Lounges | International Lounges (Within India) | International Lounges (Outside India) |
| Membership Fee | Complimentary (first 2 years) | Complimentary (first 2 years) | Complimentary (first 2 years) |
| Per Visit Charge – Cardholder | USD 27 + taxes | USD 27 + taxes | USD 27 + taxes |
| Per Visit Charge – Guests | USD 27 + taxes | USD 27 + taxes | USD 27 + taxes |
Other Paytm SBI Card SELECT Benefits
This card gives steady value on daily expenses. You get 2% cashback on Paytm purchases and 1% cashback across offline and online stores. The other privileges are:
- You receive ₹2,00,000 cyber fraud insurance for added digital safety.
- You get a ₹2,000 voucher on annual retail spends of ₹4 lakh and a ₹4,000 voucher on spends of ₹6 lakh.
- A 1% fuel surcharge waiver applies to transactions from ₹500 to ₹4,000, with a ₹250 monthly cap.
💡For your bill payments and tracking business transactions, use the PICE App.
Fees and Charges of Paytm SBI SELECT Credit Card
The Paytm SBI Card SELECT annual fee is ₹1,499. The joining fee is waived off if your expenses hit ₹2,00,000 in the previous year.
Other important charges include:
| Parameters | Amount |
| Card Replacement Fee | ₹100-250 |
| Cheque Payment Fee | ₹200 |
| Finance Charges | 3.50% monthly or 42% annually |
| Overlimit Fee | 2.5% or ₹600, whichever is higher. |
| Late Payment | NIL till ₹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. |
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Conclusion
The Paytm SBI Card SELECT is a strong choice for Paytm-centric users seeking steady value-back, travel perks, and digital protection. With boosted Paytm rewards, lounge access, vouchers, and Paytm First benefits, it delivers consistent year-round savings—making it ideal for anyone who frequently transacts through Paytm.
FAQs
What is the main benefit of Paytm SBI Card SELECT?
It gives higher rewards on Paytm transactions along with travel and subscription perks.
Do I get Paytm First Membership with this card?
Yes, you receive a complimentary one-year Paytm First Membership after your first transaction.
How much cashback does the card offer on Paytm spends?
You earn 2% rewards on all Paytm purchases.
Does Paytm SBI Card SELECT provide airport lounge access?
Yes, it includes 4 domestic lounge visits per year and Priority Pass membership.
What is the joining fee for Paytm SBI Card SELECT?
The annual fee is ₹1,499, with waiver eligibility on ₹2 lakh annual spending.
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