Paytm SBI SELECT Credit Card | Features | Benefits | Annual Fee | Worthiness - ChargePlate - The Finsavvy Arena

Paytm SBI SELECT Credit Card | Features | Benefits | Annual Fee | Worthiness



Paytm SBI card

We had written a brief introduction about the launch of Paytm SBI SELECT and Paytm SBI Card in one of our earlier articles. You might want to read about it by clicking here. This article brings you the details such as benefits & features, fees, etc., regarding Paytm SBI SELECT Credit Card.


    Welcome Benefits


    Cashback Structure

    • 5% Cashback on all Travel, Movies and Paytm Mall purchases through Paytm App
    • 2% Cashback on all other purchases through Paytm App
    • 1% Cashback everywhere else

    Milestone Benefits

    • INR 2,000 gift voucher on achieving Annual Retail spend of INR 4 Lakh
    • INR 4,000 gift voucher on achieving Annual Retail spend of INR 6 Lakhs

    Fuel Surcharge Waiver

    • 1% Fuel Surcharge Waiver across all fuel stations

    Lounge Access

    • 4 Complimentary Domestic Lounge visits (Restricted to 1 per quarter)
    • Complimentary Priority Pass worth the US $99 for the first two years of cardholder membership

    Annual Fee

    • Annual fee: INR 1769 (Including Taxes)
    • Annual Fee reversal on achieving INR 200,000 Annual Retail spend

    ChargePlate's Opinion


    We do not find this card worth it if we need to shell out INR 1769 annually. Why should we when we do not see any extraordinary offering in this card? 

    Even if we consider the 5% cash back category, we will only start enjoying the cashback benefits on our spends beyond INR 35,400 as 5% of INR 35,400 is INR 1770, which we will end up paying as an annual fee. 

    Further, why should someone spend INR 2,00,000 to get the annual fee reversal on a credit card that carries with it a couple of basic features? Most importantly, where will we spend Rs 2 Lakh on Paytm? Spending Rs 2 lakhs for travels, movie tickets annually is not on the table for most of us, and even if it is, why would we not do so from other available travels portals such as MMT, Yatra, etc. who keep running attractive promotions almost 365 days of the year? 

    Regarding purchasing products from Paytm Mall, we reiterate the same question, WHY?


    Should you require any further information, please do not hesitate to drop us a line in the comment section below. Alternatively, you can also write to us at admin@chargeplate.in.

    Thanks for reading!




    Paytm SBI SELECT Credit Card | Features | Benefits | Annual Fee | Worthiness Paytm SBI SELECT Credit Card | Features | Benefits | Annual Fee | Worthiness Reviewed by Rahmat on November 25, 2020 Rating: 5

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