Paytm SBI Card SELECT

Renewal feeJoining fee

₹1,499 + GST

Fee waiver rule

Renewal Fee waived if annual spends in the previous year >= ₹2 Lakhs.

Add-on card fee

₹0

Welcome benefit

Get Reward Points worth ₹750.

Reward rate

1% cashback · everyday spends1% Cashback on any other spends across millions of offline and online stores.

Travel earning

5% Cashback on Paytm Travel.

Reward exclusions

Cashback not applicable for spends on wallet load (Paytm or any other App) and fuel

What one reward unit is worth

Cashback is replaced with Reward points of equivalent value; 1 Reward Point = Re 1.

Catalogue redemption

1 Reward Point = Re. 1.

Point expiry

Reward Points, if not redeemed within this period, will expire and be forfeited on the last day of the 24th month

Domestic lounge access

Complimentary 4 Domestic Lounge visits per year (max. 1 per quarter)

Priority Pass

2-year complimentary Priority Pass Membership worth US $99.

Milestone benefits

Milestone gift voucher of ₹2,000 on achieving annual milestone retail spends of ₹4 Lakhs.

Fuel surcharge waiver

Enjoy a 1% fuel surcharge waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India.

Lost card liability

Get Cyber Fraud Insurance cover of ₹2,00,000.

Add-on card eligibility

Add-on cards for your parents, spouse, children or siblings above the age of 18.

Balance transfer terms

Transfer outstanding balances of other banks’ credit cards to your Paytm SBI Card SELECT at a lower interest rate and repay in easy EMIs.

Purchase to EMI conversion

Convert eligible purchases into easy monthly EMIs.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

3.5%

Cash advance fee

2.5% or ₹500 whichever is higher (domestic & international ATMs)

Cash withdrawal limit

₹15,000 per day on ATM Withdrawals, subject to Cash Advance Limit availability

Interest on unpaid balance

3.75% p.m. (45% p.a.) for unsecured cards.

Interest-free period

20 to 50 days interest-free when you pay in full.

Late payment fee

Nil to ₹1,300 by amount due (₹1,300 above ₹50,000)

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600). Overlimit Fee will not be reversed in case of transaction reversal / cancellation / refund.

Payment return or dishonour fee

2% of payment amount (subject to a minimum of ₹500)

Statement or duplicate statement fee

Duplicate monthly statements are provided only for a period of six months preceding the request and are subject to a service charge

Card replacement fee

₹100 - ₹250

Cash payment / cash deposit fee

₹250

Cheque payment / dishonour fee

Cheque Payment Fee: ₹200

Education / school fee charge

Fee on Education Payments^ : W.e.f 1st Nov 2025, 1% of the transaction amount applicable on Education Payments made through third-party apps

EMI conversion fee

1% of the booking amount or ₹2,000 whichever is less.

Foreign ATM fee

2.5% of transaction amount (subject to a minimum of ₹500) at International ATMs

Reward redemption fee

Rewards Redemption Fee: ₹99+ applicable taxes.

Wallet load charge

Fee on Wallet Load^^^ : W.e.f 1st Nov 2025, 1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000

What the card's fee or benefit year means

An eligible year is the year in which the fee is paid for by the Cardholder; a card account opened on 1st June 2012 has the eligible year 1st June 2012 to 31st May 2013.

Rent transaction fee

₹199

Utility transaction fee

If the sum of all Utility Payments in a billing cycle exceeds ₹50,000, then a Utility Payments Fee of 1% will be charged on the total amount of Utility payments made in that billing cycle.

GST note

Other than “Haryana” - Integrated Tax @ 18%

Grace days after the due date

Grace period of 3 days is allowed from the payment due date on credit card accounts, where payments are not overdue from previous billing cycle (s)

Minimum amount due

100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of finance charges + Overlimit Amount (if any) + 2% of remaining balance outstanding

Minimum age

Minimum 21 years