Cards · SBI Card

Paytm SBI Card SELECT: rewards, caps and exclusions

The Paytm SBI Card SELECT pays about 5% on All Travel purchases through Paytm App (online), and 1% on everything else. Below is every rate, cap and exclusion in SBI Card's published terms, as we last checked them on 9 October 2026.

Visa, RuPay₹1,499 a yearPaid in points

What it earns

≈5%All Travel purchases through Paytm App (online)no cap stated

≈2%All other purchases through Paytm App (online)no cap stated

≈1%Everything elseno cap stated

≈ marks a rate paid in points, valued at ₹1 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Fuel
Wallet loads
Rent
Government payments (since 15 July 2024)
Education fees (since 9 March 2026)
Gift cards (since 9 March 2026)
Cash withdrawals and fees

What costs extra

Worse than earning nothing: SBI Card charges a fee for these.

1% on Utility Payment Fee

Milestones

In SBI Card's own words:

Get Rs. 2000 voucher on annual retail spends of Rs. 4 Lakhs (product page) → ₹2,000 voucher
Get Rs. 4000 voucher on annual retail spends of Rs. 6 Lakhs (product page) → ₹4,000 voucher

Fees

Annual fee: ₹1,499, plus 18% GST
Joining fee: ₹1,499
Annual fee waived on ₹2,00,000 of spend in a card year

Welcome benefit: Reward Points worth ₹750 + Paytm First membership on reaching the bank's spend condition.

Where this comes from

Transcribed from SBI Card's own documents and checked against them on 9 October 2026:

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with SBI Card's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

Hold this card?

Zenidhi reads your SBI Card statements and transaction alerts in Gmail, replays every swipe against the rules on this page, and shows you what you missed, and which card in your wallet to use next time. Get my audit · How the audit works