PhonePe SBI Card SELECT Black
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.
- Joining Fee₹1,499
- Annual Fee₹1,499
- Best Suited ForCo-brand rewards
- Reward TypeReward Points (points)
- 10 pts per ₹100 on phonepe app spends (cap 1500 cashback inr / monthly)
- 5 pts per ₹100 on online spends (cap 1000 cashback inr / monthly)
- Base 1.00% on other spends
- PhonePe e-Gift Card worth Rs. 1,500.
SBImidCo-brand · PhonePeRewards and Benefits
- ₹5,00,000 / annual: Yatra e-Voucher worth Rs. 5,000 on annual spends of Rs. 5 lakhs.
- Priority Pass Program Membership — Complimentary Priority Pass Program membership worth $99 for the first two years (international lounge program; per-visit charges may apply).
See the math — accelerations & caps
What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.
- Online shopping₹750/mo
You spend ₹15,000 · earns 5.0% = ₹750 uncapped
- Capped at ₹1,000/mo
- Valued at realized redemption value
Base-rate spend
Non-accelerated spend, summarized at this card's base rate.
- Groceries₹8,000 · 1.0% = ₹80/mo
- Dining & food delivery₹8,000 · 1.0% = ₹80/mo
- Fuel₹4,000 · 1.0% = ₹40/mo
- Travel & hotels₹10,000 · 1.0% = ₹100/mo
- Utilities & bills₹5,000 · 1.0% = ₹50/mo
Utilities & bills — earns base; accelerated rate needs booking via phonepe-app
₹13,200 rewards − ₹0 annual fee. Estimate for the spend you entered.
Fees & Charges
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
- 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.
- Standard forex markup of 3.50% — suboptimal for international spend.
₹1,500 welcome benefit
- PhonePe e-Gift Card worth Rs. 1,500.Card issued
Accelerated rewards
- 10 pts per ₹100 on phonepe app spends (cap 1500 cashback inr / monthly)Merchants: phonepe-app10 RP per Rs 100 (10X) on eligible PhonePe-app spends — utilities/recharges/bill payments/travel/insurance booked via PhonePe. Capped at 1,500 RP/month (+500 RP for insurance) w.e.f. 1-Jul-2026. 1 RP = Rs 1.
- 5 pts per ₹100 on online spends (cap 1000 cashback inr / monthly)5 RP per Rs 100 (5X) on other eligible online spends, capped at 1,000 RP/month (w.e.f. 1-Jul-2026).
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
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
- : www.sbicard.com · retrieved 3 Jul 2026
Last verified 5 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.