Paytm SBI Card SELECT

Lounge access

• Domestic lounge: 4 domestic lounge accesses in a year, capped at 1 access per quarter.
• International (Priority Pass): standard Priority Pass membership provided to primary cardholder.
• NO complimentary visits - visit and guest charges of USD 27 + applicable taxes per visit for domestic Priority Pass lounges (within India), international Priority Pass lounges (within India), and international Priority Pass lounges (outside India).
• Priority Pass membership fee complimentary for first two cardholder membership years.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Forex markup

• Foreign Currency Transaction Fee: 3.5%.
• Dynamic Currency Conversion Fee: 3.5% (charged on transactions >= ₹1,000 carried out in Indian Currency at an international location or at merchants located in India but registered overseas).
• Neither fee reversed on transaction refunds.

Verified · SBI Card – Most Important Terms & Conditions (MITC) – Common to all cards · 2026-08-04 · source

Charge

• Finance Charges: up to 3.75% p.m. (45% p.a.) for unsecured cards.
• Minimum Finance Charge ₹25.
• Cash Advance Fee: 2.5% of transaction amount, minimum ₹500 (domestic & international ATMs).
• Cash Payment Fee: ₹250 + taxes.
• Cheque Payment Fee: ₹200.
• Payment Dishonor Fee: 2% of payment amount, minimum ₹500.
• Late Payment Charges: Nil up to ₹100.
• ₹100 (>₹100-₹500).
• ₹500 (>₹500-₹1,000).
• ₹750 (>₹1,000-₹10,000).
• ₹950 (>₹10,000-₹25,000).
• ₹1,100 (>₹25,000-₹50,000).
• ₹1,300 (>₹50,000).
• Additional ₹100 late payment charge on missing MAD for two consecutive cycles.
• Overlimit Fee: 2.5% of overlimit amount or ₹600, whichever higher.
• Card Replacement Fee: ₹100-₹250 (₹1,500 for Aurum).
• Cheque Payment Fee ₹200.
• Dynamic Currency Conversion Fee 3.5%.
• Rewards Redemption Fee ₹99.
• Processing Fee on all Rent Payment Transactions ₹199.
• Utility Payments Fee (w.e.f. 1st Dec 2024): 1% of total Utility Payments if total exceeds ₹50,000 in a billing cycle.
• Fee on Education Payments (w.e.f. 1st Nov 2025): 1% on payments via third-party apps.
• Fee on Wallet Load (w.e.f. 1st Nov 2025): 1% of transaction amount on every wallet load exceeding ₹1,000.
• Lounge Charges: up to USD 27 per visit + taxes.

Verified · SBI Card – Most Important Terms & Conditions (MITC) – Common to all cards · 2026-08-04 · source

Interest-free period

Interest free credit period could range from 20 to 50 days, subject to submission of claims by the merchant (applicable only on retail purchases and if previous month's outstanding balance is paid in full).

Verified · SBI Card – Most Important Terms & Conditions (MITC) – Common to all cards · 2026-08-04 · source

Fuel surcharge waiver

• 1% Fuel Surcharge waiver for each transaction between ₹500 and ₹4000.
• Maximum Surcharge waiver of ₹250 per statement cycle, per credit card account.
• Applicable for MCCs 5172, 5541, 5983.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Milestone benefit

• Milestone gift voucher of ₹2,000 on achieving annual milestone retail spends of ₹4 Lakhs, and ₹4,000 on achieving annual milestone retail spends of ₹6 Lakhs for the eligible year.
• EGV options worth ₹2,000 and ₹4,000: Hush Puppies/Bata and Pantaloons.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Reward cap

• Reward Points can only be accumulated for a period of 24 months from the date of accrual under the rewards program.
• Any points not used by the end of 24 months shall lapse and be forfeited.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Reward exclusion

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Dining benefit

• Complimentary Super Saver Membership (Paytm First Membership) provided upon card activation (post first settled retail transaction).
• Valid for 12 months from date of activation, auto-renews annually.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Insurance

• Cyber Fraud Insurance: Paytm SBI Card SELECT Cardholders are covered up to ₹2,00,000 of financial loss incurred due to fraudulent usage of the Credit Card.
• Insured by Oriental Insurance Company Ltd. Claims should be reported within 45 days from fraud transaction date.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Eligibility

Add-on cards may be issued to spouse, parents, siblings and children over 18 years of age.

Verified · Paytm SBI Card SELECT – Terms & Conditions Booklet (incl. Rewards Program Terms) · 2026-08-04 · source

Official terms

https://www.sbicard.com/en/personal/credit-cards/travel/paytm-sbi-card-select.page.

Verified · Paytm SBI Card SELECT product page · 2026-08-04 · source