Paytm SBI Card SELECT
SBI
Cashback focusedpriority:lounge domesticFuel surcharge waiver
₹1,499
Joining fee
₹1,499, waived at ₹3L spend
Annual fee
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹35,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 700+
Estimated — not officially confirmed by the bank.
Aggregator notes the card 'requires Indian residency'.
Reward details
1% on non-Paytm purchases
- 5% reward rate (highest tier) on Paytm Mall, movies, travel via Paytm
- 2% on Other Paytm spends
Welcome bonus: Complimentary 1-year Paytm First Membership; Rs 750 in reward points upon activation
- Rs 4 lakh annual spend: Rs 2,000 voucher
- Rs 6 lakh annual spend: Rs 4,000 voucher
Redemption
1 reward point = Rs 1
Ratio: 1:1
Excluded from rewards: wallet loads, fuel, rent, government transactions
- Complimentary Priority Pass Membership (worth $99) for 2 years — membership only, not free international lounge visits
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Appeals strongly to Paytm-frequent users given the 5% top-tier rate — Paisabazaar
Complaints
- Low base reward rate of 1% on non-Paytm purchases — Paisabazaar
- Lack of complimentary international lounge access (Priority Pass membership only, not free visits) — Paisabazaar
Sources
- Official (not independently verified) — not separately fetched/verified in this pass
- Aggregator — fees, eligibility, lounge, rewards, sentiment; aggregator content last updated July 15, 2025