SBI Card
PhonePe SBI SELECT BLACK Credit Card
Annual Fee
₹1,499
Base Reward
1% points
Foreign Markup
3.5%
Welcome Benefits
PhonePe Gift Voucher Worth ₹1,500
Product Highlights
- Co-branded offering with PhonePe
- High reward rate on PhonePe spends
Category Rewards
utilities
10 Reward Points/₹100 on PhonePe spends
10 Reward Points/₹100 on PhonePe spends
shopping
5 Reward Points/₹100 on online spends
5 Reward Points/₹100 on online spends
other
1 Reward Point/₹100 on other valid spends
1 Reward Point/₹100 on other valid spends
Fee Waiver
Annual charges are reversed on spends of ₹3 Lakh
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
PhonePe
online(Capped at 2,000 Reward Points per month)
Online spends
online(Capped at 2,000 Reward Points per month)
Other valid spends
all(Capped at 2,000 Reward Points per month)
Rewards Details
10 Reward Points/₹100 on eligible PhonePe spends (Recharges, Utilities, Bill Payments, Insurance, and Travel Only), 5 Reward Points/₹100 on eligible online spends, and 1 Reward Point/₹100 on other valid spends.
- 1 Reward Point = ₹1 and Can be Redeemed as Statement Credit or as Gift Vouchers
Benefits & Features
Domestic: 4 Free Domestic Lounge Visits Each Year (One free domestic airport lounge access per quarter) Complimentary Priority Pass membership for the first two years of card membership.
Pros & Cons
Pros
- Annual fee waiver at a spend of ₹3 lakh
- Useful for everyday bills and insurance payments
Cons
- No international airport lounge access
- No renewal fee benefits
Additional Info
Card offers high rewards on PhonePe transactions
Maximum savings of up to ₹24,000 per year on eligible spends
Maximum of 2,000 Reward Points per month for each category.
Excluded Categories
Partner Merchants
Fees & Charges
Eligibility
Networks
Fee Waiver
Annual charges are reversed on spends of ₹3 Lakh