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Credit Cards · India

PhonePe SBI Card SELECT Black

Updated 3 Jul 2026Source-linked

The PhonePe SBI Card SELECT Black is a mid co-branded credit card from SBI Card and PhonePe, with a joining fee of ₹1,499 + GST.

It earns up to 10 pts per ₹100 (≈10.0% value) on PhonePe spends in the form of reward points (points).

Cardholders get 4 annual domestic airport lounge access, plus phonepe e-gift card worth rs. 1,500. as a welcome benefit.

SBI Card logo
PhonePe SBI Card SELECT Black
RuPay logo
  • Joining Fee₹1,499
  • Annual Fee₹1,499
  • Best Suited ForCo-brand rewards
  • Reward TypeReward Points (points)
Rewards Rate
  • 10 pts per ₹100 on phonepe app spends
  • 5 pts per ₹100 on online spends
  • Base 1.00% on other spends
Welcome Benefits
  • PhonePe e-Gift Card worth Rs. 1,500.
SBI Card logoSBIRuPay logomidCo-brand · PhonePe
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Rewards and Benefits

Rewards Rate
10 pts per ₹100 on phonepe app spends
5 pts per ₹100 on online spends
Base 1.00% on other spends.
Reward Redemption
1 Reward Point = Re. 1. Redeem against a wide array of vouchers.
Welcome Benefits
PhonePe e-Gift Card worth Rs. 1,500.
Milestone Rewards
  • ₹5,00,000 / annual: Yatra e-Voucher worth Rs. 5,000 on annual spends of Rs. 5 lakhs.
Domestic Lounge Access
4 visits each annual.
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
  • Priority Pass Program Membership — Complimentary Priority Pass Program membership worth $99 for the first two years (international lounge program; per-visit charges may apply).

Fees & Charges

Spend-Based Waiver
₹3,00,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹500 and ₹4,000, capped at ₹250 per statement.
Cash Advance Charges
N/A

Product Details

  • Co-branded mid card by SBI Card and PhonePe.
  • Joining / annual fee of ₹1,499 + GST, waived on annual spends of ₹3,00,000.
  • Available on the RuPay network.
  • Complimentary airport lounge access: domestic (4/annual).

Pros & Cons

Pros
  • Annual fee waivable on ₹3,00,000 spend.
  • Complimentary domestic airport lounge access (4/annual).
  • Milestone-based bonus rewards on annual / quarterly spend thresholds.
  • Accelerated earn worth ≈10.0% on phonepe app spends.
Cons
  • Standard forex markup of 3.50% — suboptimal for international spend.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

₹1,500 welcome benefit

  • PhonePe e-Gift Card worth Rs. 1,500.
    Card issued

Accelerated rewards

  • 10 pts per ₹100 on phonepe app spends
    10 Reward Points per Rs. 100 on eligible PhonePe App spends (up to 10% value back).
  • 5 pts per ₹100 on online spends
    5 Reward Points per Rs. 100 on eligible online spends.

Milestone benefits

  • ₹5,00,000 / annual: Yatra e-Voucher worth Rs. 5,000 on annual spends of Rs. 5 lakhs. (≈ ₹5,000 value)

Airport lounge access

Domestic
4 visit(s) / annual. Via issuer-direct.
4 complimentary domestic lounge visits every year (max. 1 per quarter).

Fuel surcharge waiver

1.0% waiver on fuel transactions between ₹500 and ₹4,000, capped at ₹250 per statement.

Other benefits

  • Priority Pass Program Membership. Complimentary Priority Pass Program membership worth $99 for the first two years (international lounge program; per-visit charges may apply).

Sources

Last verified 3 Jul 2026. Verify with the issuer before applying.

Eligibility

Age
21–65
Credit score
720+
Income (salaried)
₹6,00,000 p.a.
Income (self-employed)
₹6,00,000 p.a.

Eligibility criteria not published on the product page.

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