About PhonePe SBI Card Select Black
The PhonePe SBI Card Select Black is a premium co-branded credit card introduced by SBI Card in collaboration with PhonePe. It is aimed at users who frequently use the PhonePe app to pay for utilities, bills, insurance, recharges, travel, and other expenses, while also providing solid rewards on online purchases and reasonable perks such as lounge access.
This card stands out for frequent PhonePe users by offering accelerated rewards on everyday digital payments.
Fees and Charges
- Joining Fee: ₹1,499 + taxes
- Annual Fee: ₹1,499 + taxes (renewal fee from second year)
- Annual Fee Waiver Spends: ₹3 lakh in the previous membership year
- Add-on Cards: Up to 3 add-ons
Welcome and Milestone Benefits
- Welcome Benefits: ₹1,500 PhonePe Gift Voucher (credited within 45 days of joining fee realization; valid for 12 months once added to PhonePe app)
- Milestone Benefits: ₹5,000 Yatra Voucher on annual spends of ₹5 lakh (valid for flights, hotels, holidays on Yatra; single transaction only)
Cashback and Rewards
- Card Type: Co-branded rewards credit card
- Card Network: Visa & Rupay
- Best For: Heavy PhonePe users (utilities, insurance, recharges, travel via app), online shoppers, and those seeking lounge access with moderate spends
- Cashback/Rewards on Online Purchases: 5 Reward Points per ₹100 on eligible online spends (max 2,000 RP/month)
- Cashback/Rewards on Offline Purchases: 1 Reward Point per ₹100 on other eligible spends (max 2,000 RP/month)
- Maximum Cashback per Statement Cycle: Rewards capped monthly (e.g., 2,000 RP on PhonePe eligible spends ≈ ₹20,000 max accelerated spend for 10% equivalent)
- Rewards Redemption Options: 1 Reward Point = ₹1; redeem as statement credit or gift vouchers via SBI Card Rewards portal
Note: 10 Reward Points per ₹100 (up to 10% value back) on eligible PhonePe & Pincode spends (recharges, utilities, bill payments, insurance, travel; max 2,000 RP/calendar month). Scan & Pay (UPI) earns 1% value back. Exclusions apply (e.g., utilities/insurance outside PhonePe earn base 1 RP/₹100).
Lounge Access
- Domestic Lounge Access: 4 complimentary visits per year (max 1 per quarter)
- International Lounge Access: Complimentary Priority Pass membership worth $99 for the first 2 years
Category Spend Benefits
- Online Shopping: 5 RP/₹100 (accelerated)
- Food and Grocery: Base 1 RP/₹100 (unless via PhonePe)
- Travel Booking: 10 RP/₹100 if via PhonePe app
- Utility Bill Payments: 10 RP/₹100 if via PhonePe app
- UPI Payment (Scan & Pay): 1% value back
- Fuel: 1% fuel surcharge waiver on transactions from Rs. 500 up to Rs. 4,000
- Insurance Payment: 10 RP/₹100 if via PhonePe app
Excluded Categories
- All Excluded Categories: Wallet loading, rent/property management, government spends, school/educational services, petrol pumps/fuel purchases, digital gaming, merchant EMI/Flexipay at purchase, ATM cash withdrawals, disputed transactions, financial charges, and specific MCCs. Utilities/insurance outside PhonePe earn only base rewards.
Why Choose PhonePe SBI Card Select Black?
Who is eligible for the PhonePe SBI Card Select Black?
To be eligible for an SBI Card, you must be an Indian resident between the ages of 21-60 (salaried) or 21-65 (self-employed), have a good credit history, have a stable income (typically ₹25,000+ monthly for premium cards), and provide ID, address, and income proof. Approval is subject to the SBI Card's credit assessment. Apply via the PhonePe app or sbicard.
Is the PhonePe SBI Card Select Black worth applying for?
Maybe not, if your spending is primarily offline, fuel-intensive, rent/government-related (excluding), or you prefer uncapped high rewards elsewhere. Monthly caps limit big spenders, and base rewards are average.
Overall, it's a compelling option in 2026 for PhonePe users looking for simple, everyday rewards. Always check the latest official terms on sbicard or PhonePe, as benefits can change. Apply wisely and spend responsibly!