State Bank of India
Paytm SBI Card SELECT
Data last verified: 11 October 2026
- Joining fee₹1,499 + GST
- Annual fee₹1,499 + GST
- Reward rate1% on most spends; 5% only at partner merchants
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹1,499 + GST
- Annual fee₹1,499 + GST
- Fee waiverOn ₹2 lakh spend a year
- Forex markup3.5%
01Paytm SBI Card SELECT Rewards and Benefits
02Paytm SBI Card SELECT Annual Fee and Charges
- Joining fee
- ₹1,499 + GST
- Annual fee
- ₹1,499 + GST
- Spend-based waiver
- Annual fee waived on ₹2 lakh spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- Not published
- Fuel surcharge waiver
- Yes
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹20,000 on everything else, earning 1%₹200
- Back each month, ₹2,400 a year₹200
- Annual fee with 18% GST (waived at this spend)₹0
- In your pocket each year₹2,400
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Online shopping only at Paytm Mall & Movies: 5% back
- Travel only at Paytm Travel: 5% back
- Spending ₹16,667 or more a month: the ₹1,769 fee is waived
- Flyers: 4 airport lounge visits a year
Skip it if…
- you spend less than ₹16,667 a month (₹2,00,000 a year, rent and wallet loads not counted): the ₹1,769 fee is then charged
- most of your spending is fuel, rent, education or wallet top-ups: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on Paytm Mall & Movies or Paytm Travel: the 5% rate applies only there, everything else earns 1%
- you often pay in foreign currency: 3.5% is added to every foreign spend
04How Paytm SBI Card SELECT earns Rewards
1% on most spends; 5% only at partner merchants.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 1% | No cap | Anywhere else in the category |
| Online shopping, only at listed merchants | 5% | No cap | Only at: Paytm Mall & MoviesTerms: 5% value back on Paytm Mall and Movies purchases on the Paytm App; other Paytm App purchases earn 2%. Paid as Reward Points at 1 RP = Re.1 |
| Dining and food delivery | 1% | No cap | The card's normal rate |
| Groceries | 1% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 1% | No cap | Anywhere else in the category |
| Travel: flights, hotels, trains, only at listed merchants | 5% | No cap | Only at: Paytm TravelTerms: 5% value back (as Reward Points, 1 RP = Re.1) on Paytm Travel, Movies and Mall purchases made on the Paytm App |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | 1% | No cap | The card's normal rate |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | 1% | No cap | The card's normal rate |
| School and college fees | Earns nothing | - | earns nothing on this card |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 1% | No cap | The card's normal rate |
| Everything else | 1% | No cap | The card's normal rate |
Terms on the base rate. 1% value back on any other online or offline spend, and 1% on UPI transactions; excludes wallet loads, fuel and (from 9 Mar 2026) school and education. Since Jul 2024 paid as Reward Points (1 RP = Re.1), on transactions of ₹100 or more
05Paytm SBI Card SELECT Lounge Access and Travel
Domestic lounge access is 4 visits a year, through Priority Pass with Priority Pass. 4 complimentary domestic airport lounge visits a year (max 1 per quarter) on the Visa programme, plus a Priority Pass whose membership fee is waived for two years, but SBI grants NO complimentary Priority Pass visits, every one costs USD 27 plus tax. Spending abroad carries a 3.5% forex markup; rewards on it: 1% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver, insurance cover, airport lounge access, milestone bonuses.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000; maximum ₹250 per statement cycle
- Insurance cover: Complimentary cyber fraud insurance cover of ₹2,00,000
- Milestone bonuses: A further ₹4,000 Hush Puppies/Bata or Pantaloons e-voucher on ₹6 lakh of annual retail spend
- Milestone bonuses: ₹2,000 Hush Puppies/Bata or Pantaloons e-voucher on ₹4 lakh of annual retail spend
06Paytm SBI Card SELECT Eligibility and Documents
- Employment
- Salaried or self-employed
Documents. PAN card Aadhaar / address proof Income proof (salary slips or ITR) Recent passport-size photograph
07Recent Changes
What State Bank of India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 1 Apr 2026 | Reduced: Statement-credit redemption cappedSource: State Bank of India | Unrestricted RP redemption to statement credit | Max 60,000 RP a month, in 4,000-point multiples |
| 9 Mar 2026 | Reduced: School and education spends stop earningSource: State Bank of India | Reward Points earned | No Reward Points on MCC 5111, 5192, 5942, 5943, 5947, 8211, 8220, 8241, 8244, 8299, 8351 |
| 1 Nov 2025 | Reduced: 1% fee on third-party education and large wallet loadsSource: State Bank of India | - | - |
| 15 Jul 2024 | Reduced: Government transactions stop earningSource: State Bank of India | Reward Points earned | No Reward Points on MCC 9311/9399 etc. |
| 1 Jul 2024 | Reduced: Cashback replaced by Reward Points | Direct cashback, auto-credited | Reward Points (1 RP = Re.1), redeemed manually |
See this card's change history → · All card changes in April 2026 →
08Cards Similar to Paytm SBI Card SELECT
Paytm SBI Card SELECT is a shopping card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | Paytm SBI Card SELECT |  HSBC Live Plus Credit Card |  SBI Cashback Credit Card |
|---|---|---|---|
| Joining fee | ₹1,499 + GST | ₹999 + GST | ₹999 + GST |
| Annual fee | ₹1,499 + GST | ₹999 + GST | ₹999 + GST |
| Rewards | 1% on most spends; 5% only at partner merchants | 1.5% base, up to 10% on dining | 1% base, up to 5% on online shopping |
| Domestic lounge | 4 visits a year | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Shopping | Dining | Shopping |
09Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
Never Miss Your Paytm SBI Card SELECT Bill
The SkyloFin app reads your bank's bill SMS, reminds you before the due date and marks the bill paid when you pay. Free on Android, and your data stays on your phone.
Common Questions
What is the joining fee for the Paytm SBI Card SELECT?
The joining fee is ₹1,499 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the Paytm SBI Card SELECT?
The annual fee is ₹1,499 + GST.
Does the Paytm SBI Card SELECT give airport lounge access?
Yes. Domestic lounge access is 4 visits a year, through Priority Pass with Priority Pass. Check the bank's page for the current rules, because lounge programmes change.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with State Bank of India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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