Card Details
PhonePe SBI Card SELECT BLACK
Monzy Score
6/ 10
Decent for lounge-hungry travellers.
~2.5% back on top spends; thin rewards outside its core category; high 3.5% forex markup.
Card Issuer
SBI Card
Joining Fee
₹1,499
Annual Fee
₹1,499
Reward Type
Reward Points
Card Access
Standard
Offers from SBI Card
See allNeelkanth: Up to ₹6500 Instant Discount
Exclusive Discounts · till 12 Sep 2026
Pai-International: Up to Rs 16000 Instant Discount at PAI International
Exclusive Discounts · till 13 Sep 2026
Pittappillil: Up to Rs 10000 Instant Discount at Pittappilill Agencies
Exclusive Discounts · till 13 Sep 2026
Myg: Up to Rs 16000 Instant Discount Offer – myG Mobiles
Electronics Deals · till 15 Sep 2026
Amazon: 10% Instant Discount at Amazon
Shopping Deals · till 18 Sep 2026
Earn Points
10pts
/₹100 on Shopping via Phonepe & Pincode (max ₹2K/Mo)
10pts
/₹100 on Utilities via Phonepe
10pts
/₹100 on Insurance via Phonepe
Benefits
10% rewards on PhonePe recharges, bills,…
- High PhonePe reward rates
- 10% Reward Points on PhonePe recharges, bills, insurance, flights and hotels
- 5% Reward Points on online spends across 1,000+ brands
- 1 Reward Point = ₹1 redeemable as statement credit or vouchers
- Accelerated rewards apply only on eligible PhonePe categories and partner merchants (T&C apply)
4 domestic lounge visits plus 2-year Priority…
- Lounge benefits for frequent travelers
- 4 free domestic airport lounge accesses each year
- Complimentary Priority Pass membership for two years
₹1,500 PhonePe voucher offsets joining fee
Reward Calculator
NOTE: Enter your monthly spends to see
projected returns.
Excluded: fuel, wallet, rent, education, government, jewellery, emi
Estimated Returns
PhonePe app spends (utilities, recharges, bills, travel)
cap 1500
₹1,500
Insurance via PhonePe app
cap 500
₹500
Eligible online spends
cap 1000
₹500
UPI Scan & Pay via PhonePe
1%
₹0
All other spends
cap 2000
₹0
Total Annual Return
₹30,000
8.33% Effective ROIWhat Users Are Saying
Community Feed
Aug 2025
“PhonePe SBI select black cc holders share your”
by r/CreditCardsIndia, Aug 2025
“PhonePe SBI Select Black Credit Card — The Best All”
by r/CreditCardsIndia, Oct 2025
“Phonepe SBI Select Black - Feels premium”
by r/CreditCardsIndia, Feb 2026
“Got the SBI PhonePe Select Black as a replacement to Axis”
by r/CreditCardsIndia, May 2026
“PhonePe SBI Select Black Card Linking with”
by r/CreditCardsIndia, Jul 2026
Frequently Asked Questions
The PhonePe SBI Card SELECT BLACK charges ₹1,499 plus GST as a joining fee and the same ₹1,499 again at renewal. SBI Card waives the renewal fee if you spend ₹3L in the previous year, which is about ₹25,000 a month. If your card spend sits below that, treat ₹1,499 as a real yearly cost that your rewards have to clear first.
Things to Keep in Mind
Total Reward Points on PhonePe & Pincode App spends and Online spends are limited at 4000 Reward Points per calendar month.
Utilities, insurance and UPI spends outside PhonePe may not earn accelerated rewards
