PhonePe SBI Card SELECT BLACK benefits
- Rewards10
points per ₹100 (10% back) on recharges, bills, insurance and travel in the PhonePe app
up to 1,500 points a month
- Rewards5
points per ₹100 (5% back) on online spends outside PhonePe
up to 1,000 points a month
- Gift₹1,500
PhonePe e-gift voucher after the fee is paid
- Gift₹5,000
Yatra voucher on ₹5 lakh of yearly spends
- Lounge4
domestic lounge visits a year, 1 per quarter
PhonePe SBI Card SELECT BLACK rewards and cashback
| Where you spend | Rate | Monthly limit |
|---|---|---|
| PhonePe10 reward points per ₹100 on recharges, utility bills and bill payments made in the PhonePe app. Shares a limit of 1,500 points a calendar month with PhonePe travel. Insurance paid in the PhonePe app also earns 10 points per ₹100, with its own limit of 500 points a month. Bills and insurance paid outside the PhonePe app earn nothing. | 10 points per ₹100 | 1,500 |
| PhonePe10 reward points per ₹100 on flights and hotels booked in the PhonePe app. Shares the 1,500 point monthly limit with PhonePe bill payments. | 10 points per ₹100 | 1,500 |
| Online shopping5 reward points per ₹100 on online spends outside the PhonePe app, up to 1,000 points a calendar month. SBI Card relies on the online flag sent by the merchant's bank. | 5 points per ₹100 | 1,000 |
| Everything else | 1 points per ₹100 | 2,000 |
We value one point at ₹1 in the usual redemption.
No rewards on: Fuel, wallet loads, rent, education, government payments, online gaming, tolls, jewellery, gifts and souvenirs, utilities and insurance paid outside the PhonePe app, UPI payments outside the PhonePe app, Flexipay, merchant EMI and cash withdrawals.
All reward rules
- PhonePe's card page says 1 reward point equals ₹1, redeemed as statement credit or as gift vouchers on the SBI Card rewards portal. Statement credit is redeemed in multiples of 500 points, with no redemption fee.
- Other eligible spends earn 1 point per ₹100, up to 2,000 points a calendar month. A transaction must be ₹100 or more to earn points.
- Scan and Pay through the PhonePe app earns 1% back. From 1 July 2026, Scan and Pay or online UPI payments outside the PhonePe app earn no points.
- Welcome gift: a PhonePe e-gift voucher worth ₹1,500, sent within 45 days after the fee is paid.
- Milestone: a Yatra voucher worth ₹5,000 when your yearly spends reach ₹5 lakh.
- Reward points are valid for 2 years. Points from another SBI card do not move over when you switch to this card.
What the PhonePe SBI Card SELECT BLACK gives back in a year
Say you spend ₹30,000 a month, like our “frequent traveller” pattern, using PhonePe where the card pays extra. Worked out with the same maths as the calculator above.
| Spending | A month | Back | A year |
|---|---|---|---|
| Groceries | ₹3,000 | 1% | ₹360 |
| Dining and food delivery | ₹4,000 | 1% | ₹480 |
| Online shopping | ₹3,000 | 5% | ₹1,800 |
| Travel | ₹14,000 | 10% (limit hit) | ₹15,750 |
| Fuel | ₹1,000 | 0% | ₹0 |
| Bills and utilities | ₹2,000 | 10% (limit hit) | ₹2,250 |
| Everything else | ₹3,000 | 1% | ₹360 |
| Total | ₹30,000 | ₹21,000 | |
| Renewal fee with GST | Waived | ||
| You keep | ₹21,000* |
That is ₹15,780 a year more than the Tata Neu Infinity HDFC Bank Credit Card on the same spending.
PhonePe SBI Card SELECT BLACK annual fee and charges
- Joining fee
- ₹1,499
- Annual fee
- ₹1,499
- Fee waiver
- ₹3,00,000 a year
- Foreign currency markup
- 3.5%
Joining fee and renewal fee are ₹1,499 each, before GST. The renewal fee is reversed if you spent ₹3 lakh or more in the previous year. PhonePe's card page shows a zero joining fee as a limited time offer.
Fuel surcharge: 1% fuel surcharge waiver on fuel spends from ₹500 to ₹4,000, up to ₹250 per statement cycle.
PhonePe SBI Card SELECT BLACK eligibility
SBI Card does not publish a minimum age or income for this card. You apply through the PhonePe app, and SBI Card checks eligibility.
The bank alone decides approval and your credit limit.
PhonePe SBI Card SELECT BLACK lounge access
4 domestic visits a year. Banks often set a spend condition, so read the reward rules above.
4 domestic airport lounge visits a year, 1 per quarter, with no spend condition. You also get a free Priority Pass membership for 2 years, but SBI Card's terms do not list free international visits, so each visit costs up to US $27 plus GST.
Is the PhonePe SBI Card SELECT BLACK right for you?
A card with a ₹1,499 fee that spending can waive, paying 10% at PhonePe and an above-average 1% elsewhere.
Worth its fee if you spend about ₹3,000 a month or more. Below that, the ₹1,499 fee costs more than the card gives back on spending like the example above.
Good for you if
- You spend a lot at PhonePe: the card pays 10% back there, against 1% on most other spends.
- You spend ₹3,00,000 a year or more (about ₹25,000 a month), so the ₹1,499 renewal fee is waived.
- You fly a few times a year: it includes 4 domestic airport lounge visits a year.
- You pay by UPI: it is a RuPay card you can link to UPI apps and use at shop QR codes.
Not for you if
- You spend less than about ₹25,000 a month: you would pay ₹1,769 a year with GST.
- You spend more than ₹20,000 a month on online shopping: the higher rate stops there.
- You rarely use PhonePe: outside it the card pays 1%.
Check the latest fees and terms on the bank's page before you apply.
Alternatives to PhonePe SBI Card SELECT BLACK
Two similar cards to weigh up before you apply. The last column shows what each may be worth on ₹30,000 a month of mixed spending, after the renewal fee with GST. Rates paid only at named brands are not counted, so a brand card can earn more if you shop there.
| Card | Annual fee | Rewards up to | You keep a year |
|---|---|---|---|
| PhonePe SBI Card SELECT BLACK | ₹1,499 | 10% | ₹6,720* |
| Tata Neu Infinity HDFC Bank Credit Card | ₹1,499 | 5% | ₹4,860* |
| Tata Neu Infinity SBI Credit Card | ₹1,499 | 5% | ₹4,860* |
*Estimate only, not a promise. We work it out from the bank's published terms and the spending you enter. What you actually get depends on the bank, your transactions and any change in its terms.
Frequently asked questions
What is the difference between PhonePe SBI Card SELECT BLACK and PURPLE?
SELECT BLACK costs ₹1,499 a year and gives 10 points per ₹100 on PhonePe app spends and 5 points on other online spends. PURPLE costs ₹499 and gives 3 points and 2 points. Only SELECT BLACK has 4 domestic lounge visits and a Priority Pass membership.
What is the reward point value of the PhonePe SBI Black card?
PhonePe's card page says 1 reward point equals ₹1. You can redeem points as statement credit in multiples of 500 points, or as gift vouchers on the SBI Card rewards portal.
Which PhonePe spends earn 10% on SELECT BLACK?
Only recharges, utility bills, bill payments, insurance and travel paid in the PhonePe app. They share a limit of 1,500 points a month, and insurance has its own limit of 500 points a month.
Does UPI on the PhonePe SBI SELECT BLACK card earn points?
Scan and Pay through the PhonePe app earns 1% back. From 1 July 2026, UPI payments made outside the PhonePe app earn no points.
How can I get the ₹1,499 renewal fee waived?
SBI Card reverses the renewal fee if you spent ₹3 lakh or more on the card in the previous year.