Paytm SBI Card SELECT

• Complimentary Paytm First Membership is provided to Paytm SBI Cardholders upon card activation i.e. post first settled retail transaction on Cardholder Account
• Click here for Paytm First Membership details

• Paytm SBI Cardholders are eligible for 5% Cashback on all Paytm Mall, Movies and Travel purchases through Paytm App
• Paytm SBI Cardholders are eligible for 2% Cashback on all other purchases through Paytm App
• Paytm SBI Cardholders are eligible for 1% Cashback everywhere else
• W.e.f. 1st July ’24, the Cashback that you were earning on spends made with your Paytm SBI Card / Paytm SBI Card SELECT will be replaced with Reward points of equivalent value. 1 Reward Point = Re 1. T&C apply.
• In case of Paytm SBI Card SELECT, Welcome Cashback of Rs. 750 is provided to the cardholder upon card activation (i.e. completion of one settled retail transaction on card account) in the form of Reward Points which are automatically redeemed to cardholder’s Paytm Wallet as Gift Voucher balance
• All QR based transactions done through Paytm App using Paytm SBI Card SELECT will be categorized under 1% Cashback category
• Cashback will not be applicable for spends done on any Wallet Load (Paytm or any other App) as well as fuel spends
• W.e.f. 01 Jan 2024, accrual of Cashback has been discontinued for Rent Payment transactions on Paytm SBI Credit Card.
• W.e.f. 15 July 2024, accrual of Reward Points on Govt Related transactions with Paytm SBI Card will be discontinued. Government related transactions shall be identified under Merchant Category Codes (MCC) 9399 and 9311, on best effort basis.

• 1% Fuel Surcharge waiver for each transaction between Rs.500 and Rs.4,000. Maximum Surcharge waiver of Rs.250 per statement cycle, per credit card account.

• Paytm SBI Cardholders are covered up to Rs.2,00,000 of financial loss incurred due to fraudulent usage of your credit card. This protects the cardholder against the misuse of his/her Credit Card. In case of loss / damage of your Paytm SBI Card SELECT you will have to apply for a replacement card and pay the fee as applicable at that time. This protection is insured by ICICI Lombard General Insurance Company Ltd. SBI Cards and Payment Services Limited (“SBI Card”) (formerly known as SBI Cards and Payment Services Private Limited) is only acting as a group policy administrator for this particular policy. SBI Card does not accept any responsibility for ICICI Lombard's actions or decisions. SBI Card holds no warranty &makes no representation about claims processing. ICICI Lombard is liable for claims processing as per the terms and conditions of this policy. Conditions apply.

• Priority Pass Membership fees is complimentary for first two cardholder membership years
• The standard membership of the Priority Pass Program is provided only to the primary cardholder of Paytm SBI Card SELECT
• There are no complimentary visits for Paytm SBI Cardholders

• Paytm SBI Cardholders are eligible for 4 Domestic Lounge access in a year capped to 1 access per quarter
• Refer Visa Lounge Program Terms and Conditions on https://www.visa.co.in/en_in/visa-offers-and-perks/visa-airport-lounge-access-program/114566
• Visa reserves the right at any time, without prior notice to add, alter, modify or change list of lounges under this program applicable for Paytm SBI Card SELECT

• As part of the product feature, a cardholder may become eligible for Milestone Gift Voucher of Rs. 2,000 and Rs. 4,000 after achieving annual milestone retail spends of Rs. 4,00,000 and Rs. 6,00,000 for the eligible year, respectively.
• All eligible Paytm SBI Cardholders will be able to choose any one of the following electronic Gift Voucher (EGV) Options worth Rs. 2,000 and Rs. 4,000 Milestone Gift: Hush Puppies/Bata and Pantaloons

• Your Paytm SBI Card SELECT is an International Credit Card and can be used at over 24 million outlets worldwide, including 3,25,000 outlets in India.
• Use your card to make payments at any outlet that accepts Visa

• With your Paytm SBI Card SELECT, you can empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18 years.

• Pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility on your; Paytm SBI Card SELECT
• Click here to know more

• Save money while paying your credit card dues
• Transfer the outstanding balance of other banks; credit cards to your Paytm SBI Card SELECT, and avail a lower rate of interest and pay back in EMIs
• Log on to sbicard.com with your user ID and password to benefit from this service
• Click here to know more about Balance Transfer on EMI

• With Flexipay, convert your transactions in easy monthly installments. Make any purchase for Rs. 2,500 or more using your card, and log in with your username and password to sbicard.com within 30 days of purchase to convert it into Flexipay
• Click here to learn how to book Flexipay

• Joining fee:Rs. 1,499
• Renewal fee, per annum: Rs. 1,499. Renewal Fee reversed if annual spends for last year >= Rs. 2,00,000
• Add-on fee, per annum: Nil

• For information regarding fees and other applicable charges, please refer to the Most Important Terms & Conditions

All payments made for a cardholder account will be settled in the order as mentioned in below link

Order of Payment Settlement

• Cheques payable outside clearing the zones are not accepted. We accept payment through local cheques or drafts payable in Delhi only.
• All taxes would be charged as applicable on all the above Fees, Interest & Charges.
• The value proposition of the co-brand product may be funded jointly by SBI Card and the co-brand partner basis the financial arrangement between both the parties. Accordingly, there may be fee and revenue sharing between the two parties.

Your continued use of the card will be deemed acceptance of these amendments.

For assistance, please call SBI Card helpline at:

Dial 39 02 02 02 (prefix local STD code) or 1860 180 1290

All information in this communication is correct as per July 2018 and is subject to change at the discretion of SBICPSL. SBI Card Most Important Terms and Conditions are also available at www.sbicard.com

“SBICPSL" may engage, hire, use the services of agent(s) and/or any third party(ies) for the purpose of providing marketing or sales related services or any other related services in relation to its products on its behalf and the customer may be required to deal with such agents/third parties/service providers with respect to such product/services.