Comparison of Paytm SBI Card and Paytm SBI Card SELECT
Feature
Paytm SBI Card
Paytm SBI Card SELECT
Annual Fee
₹499
₹1,499 + GST
Joining Fee
₹499
₹1,499 + GST
Welcome Benefits
Upon the first successful retail transaction using the Paytm SBI Card, cardholders receive a complimentary Paytm First Membership.
Receive ₹750 cashback along with complimentary Paytm First Membership upon first successful retail transaction on the card.
Interest Rate (APR)
N/A
N/A
Foreign Currency Markup
N/A
N/A
Key Highlights
•Paytm Rewards
•Welcome Gift
•Milestone Benefits
•Fuel Surcharge Waiver
•Cyber Fraud Insurance
•Enhanced Paytm Rewards
•Welcome Benefits
•Airport Lounge Access
•Milestone Benefits
•Fuel Surcharge Waiver
Dos
Use the card primarily for Paytm platform transactions to maximise reward points and leverage the card's core benefits
Pay credit card bill on time and in full to avoid interest charges and maintain a good credit score
Regularly check Paytm Wallet balance to track credited gift vouchers and redeem them before making purchases
Utilise the Paytm app's digital card management features like spend analyser and lock/unlock for better control
Convert high-value purchases to EMI through Flexipay if needed to manage cash flow, but understand the interest implications
Use the card primarily for Paytm platform transactions to maximise reward points and leverage accelerated earning rates and premium benefits
Pay credit card bill on time and in full to avoid interest charges, maintain excellent credit score, and qualify for future limit enhancements
Regularly check Paytm Wallet balance to track credited gift vouchers and redeem them strategically before making purchases on the platform
Utilise the Paytm app's digital card management features like spend analyser, lock/unlock, and category tracking for better financial control
Plan travel strategically to maximise the 4 domestic lounge visits and Priority Pass Membership for international lounges, enhancing travel comfort
Don'ts
Avoid overspending beyond repayment capacity just to earn rewards or chase milestone benefits
Do not miss the minimum payment due date as it attracts late payment fees, interest charges, and negative credit score impact
Ignore transaction alerts or SMS notifications as they help detect fraudulent transactions early and monitor spending patterns
Share card details, CVV, OTP, or PIN with anyone, including those claiming to be bank or Paytm representatives
Use the card for cash advances unless absolutely necessary as they attract high fees and interest from day one
Avoid overspending beyond repayment capacity just to reach milestone targets or chase fee waiver thresholds without proper financial planning
Do not miss the minimum payment due date as it attracts late payment fees, high interest charges, negative credit score impact, and potential credit limit reduction
Ignore transaction alerts or SMS notifications as they help detect fraudulent transactions early, monitor spending patterns, and track milestone progress
Share card details, CVV, OTP, PIN, or Paytm login credentials with anyone, including those claiming to be bank or Paytm representatives
Use the card for cash advances unless absolutely necessary as they attract high fees, interest charges from day one, and do not earn reward points
